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 face the ocean or have views of the surf.
There are 81 units in this new development (wood-frame!); 26 units have gone under agreement, according to the Globe.
Meaning, after the auction, there will be 35 left for sale, just slightly less than half.
Your lender will love that.