Results of the Latest Downtown Condo Auction

Posted by David Richard on Monday, March 1st, 2010 at 3:46pm.

An auction of 30 units at the Sabine on Fifth was held yesterday at 1:00 pm. The auction was conducted by Kennedy Wilson and at this time, I do not know of any more auctions that are scheduled. If you look at the trends on my last blog, this may be the last one we see for quite a while. Of course, it is not guaranteed that any of the prices from the auction listed below will be the actual sales prices. All high bids were accepted subject to Lender approval. Having said that, the prices were about 5% higher than I expected. There were about 400 people attending. Here are the results:

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