Today was the auction at Seahaven’s Origin. There were 64 condominium units on the block: 16- studio village , 15- studios gulf , 9- 1 bedroom village, 8- 1 bedroom gulf, 4- 2 bedroom traditional, 6- 2 bedroom lockout, 3- 3 bedroom traditional, and 3- 3 bedroom lockout.
When we arrived, we found a good sized crowd milling around the outside corridor. There were many seats set before the auctioneer’s podium. In the lobby, there were booths set up and information packets available. They also had an open-house format for people to go upstairs and walk through any of the condos on the list.
The auction started around one o’clock, at which time we heard that there were nearly fifty registered bidders. After the very long reading of the auction rules, bidding started on the 3 bedroom lockouts. Only one unit in this group sold, at $270k or $166 per square foot including the buyer’s premium.
The auction continued for close to an hour and the going prices ranged from $55k to $270k, before the 10% buyer’s premium. The undeniable best-deal-of-the-day was a top-floor, gulf-view, 3 bedroom traditional unit that went for $200k, or $112 per square foot after the buyer’s premium.
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