Boston Herald: Buyers Hit Condo Jackpot.
Here are the results from the Bryant Auction:
Unit # 602 3 bed/ 3 bath original asking price $1,976,250.
Under agreement for – $1,500,000.00
approx $765.69 per sq ft.
Unit # 601 3 bed / 3 bath original asking price $1,750,000.00
Under agreement for – $1,370,000.00
approx $716.15 per sq ft.
The Auction added unit # 603 3 bed / 3 bath under agreement for $1,485,000
approx $735.51 per sq ft.
The buyers have 24hr option to back out of the deal.
The Auction also added unit #406 3 bed / 3bath under agreement for $1,350,000
approx $623.55 per sq ft.
The buyers can opt out within 24 hrs.
Unit #401 3 bed/ 3 bath original asking price $1,692,000
Under agreement $1,335,000.00
approx $590.00 sq ft.
Unit #403 3 bed /3 bath original asking price $1,900,000
Under agreement for $1,366,000.00
approx $641.91 sq ft
Unit # 505 3 bed / 3 bath original asking price 2,050,000
Under agreement $1,350,000
approx $623.55 sq ft
Unit # 305 3/bed / 3 bath original asking price $1,695,000
Under agreement $1,325,000.00
approx $607.51 per sq ft.
Unit #404 3/bed 3/bath original asking price $1,900,000.00
Under agreement $1,350,000.00
approx $633.80 sq ft
Unit #801 3/bed 3 bath original asking price $2,295,000.00
Under agreement $1,352,000.0
approx $801.89 per sq ft.
The Auction ended with unit #801, so units #902 and the penthouse were canceled. By the time the auction reached units 902 and the penthouse, the room was almost empty, perhaps 5 to 7 real buyers left.
I would say approx 150 people were there at the beginning of the auction and perhaps 30 were real buyers.
My buyer left upset. She wanted to purchase the penthouse for $673.00 per sq ft. But they ended the auction before she had a chance to buy it.
File Under: Developer FAILURE
