Blog, Nashville Condo News
The West End Condos Auction Results
January 13, 2010 by admin · Leave a Comment
John Coleman Hayes successfully sold at least 40 condos in the past 60 hours, 32 of which were sold during Saturday’s live auction.
The condo auction, held under a semi-heated tent in the West End’s motor court, was well attended with an estimated 185 potential buyers in attendance. Jerrold Pedigo began the auction promptly at 11:00am by telling auction bidders that 3 condos had sold the prior day and would no longer be a part the day’s auction. The auctioneer did not inform the crowd of the sales prices, but did identify the condos as unit numbers 602, 502 and 503, all 2 bedroom condos with excellent downtown views.
Once the auction began in earnest, the bidding was surprising brisk with the first condo garnering more than a dozen bids and eventually selling for $226.30/ft, an auction high. As expected the next several condos began to sell for slightly lower prices, but the real shock came for me just 5 lots later when the auctioneer accepted a bid of $174.26/ft. Most in the audience seemed surprised that the developer and bank were willing to accept rates lower than $180/ft as well.
Auction prices recovered soon after only to fall to $159.74/ft for the 10th lot auctioned, a 2 bedroom, 2 bath, 1,997 square foot monster condo on the fifth floor. The original asking price for this particular condo was $590,000, but the auction only brought…
[[ This is a content summary of the article. Visit my website for the full article, pictures and more! ]]
Related posts:
- The West End Condo Auction Liquidation Sale
- West End Condo Auction Details
- Nashville Terrazzo and West End Condo Auctions
- Terrazzo Re-Prices 30 Condos at Auction Rates
- The Terrazzo Auction Results
Related posts:
- The Terrazzo Auction Results The results of the Terrazzo auction are in and...
- Auction Results for The West End – Nashville Luxury Condo Liquidation Just want to give you the disposition on the results...
- The West End Condos Sales Update The auction a couple of months ago at The...
- Icon in the Gulch Big Winner or Buyers? 2009 was supposed to be a horrible year for Nashville...
- Griffin Plaza Condo Site in Gulch Gets Reprieve In 2007, Crosland Tennessee President Bill Barkley announced plans to...
