As I mentioned yesterday, some of the condos at The Modern will go to auction. Also, units in the Broadluxe. Downtown condos to be auctioned: Broadluxe, Modern fall victim to housing slump – By Kimberly Blanton, The Boston Globe The real estate slowdown has hit Boston’s condominium market – well, some areas of the downtown [...]

So, last night I was reviewing the day’s activity in MLSPIN and noticed that all the listings over at The Modern had been updated as “Withdrawn”. I was wondering what was up with that. Well, I wasn’t out my front door this morning for more than five minutes when I was approached by a real [...]

Kimberly Blanton comes out of hibernation long enough to post an article today, with news that the long, lamented Longwood Towers project is going to auction. Source: Lender to auction Brookline project: Longwood Towers hit by housing fall – By Kimberly Blanton, The Boston Globe The Longwood Towers complex in Brookline is being seized by [...]

There will be another round of auctions, this Saturday, held at the Hynes Auditorium, in Boston’s Back Bay. According to Banker & Tradesman, more than 160 foreclosed homes, condo and multifamily properties are scheduled to be auctioned. This month’s auction includes 19 properties in Brockton, 10 in Lawrence, 10 in Worcester, seven in Lowell and [...]

Anyone?

According to yesterday’s Globe: Long views, short money – By Kimberly Blanton, The Boston Globe Twenty condominiums in the Atlantica, a newly constructed project on Revere Beach, will go on the auction block March 9. The minimum required bids, $215,000 to $315,000, are relative bargains for one- and two-bedroom units on the water. Most either [...]

From the Boston Business Journal: A December auction of 52 luxury condominiums yielded $15.6 million for the owners of the 204-unit Ironwood on the Green at Ferncroft. The auction for the condo project, located in Middleton, Mass., was held on Dec. 16th. In addition to the 52 sold at auction, another six units are scheduled [...]

Banker & Tradesman is reporting the following on their website: The California-based firm that auctioned off more than 300 foreclosed properties in Boston two months ago is planning another auction in March. As previously announced, up to a third of the properties auctioned in November were within eight communities: Lawrence, Lowell, Springfield, Worcester, Lynn, New [...]

What’s a sure way to get free advertising for your new real estate development? Put it up for auction. Look at how much (free) press recent auctions have received, recently … * Skyline Condominiums at Station Landing * Folio and, now * Ironwood on the Green at Ferncroft Who’s fooling who, though? According to the [...]

Who attended this weekend’s auction at the Hynes Convention Center? One of my readers did. i thought the prices were WAAAY too high. i think bidders were thinking it must be a good deal if they get a house 1/3 off the “market value” of the house, but the market values they had posted were [...]