Boston Condo Auctions
Downtown Boston Real Estate Auctions
Auctions represent a unique and fast-paced method to sell real estate. With proper due diligence and preparation, bidders can find exceptional value at a real estate auction. Over the past several years, condo auctions in Boston, while not a routine sales tactic, have become more popular. Bostonians can remember back to October 7, 2006, when nearly 450 people crowded the Seaport Hotel in South Boston to attend the Boston Folio auction, which sold off 34 units in the 96-unit luxury Financial District development. The Broadluxe condo auction, hosted on June 21, 2008 at the Langham Hotel, drew over 100 bidders and drove sales of 29 of the 44 units in the building. The 1850 Lofts auction hosted on June 28, 2009 at the Westin Boston Waterfront Hotel sold the remaining 35 loft-style condos in the building in approximately 1.5 hours. The latest Boston condo auction, held on October 17, 2009 at the Colonnade Hotel, sold off 10 luxury floor-through direct elevator access Bryant Back Bay units – minimum bid prices of $1,075,000 were the highest the US has ever seen.
Boston Condo Guy can provide Buyer representation to auction goers at no cost (i.e. leveraging our services versus “going it alone” does not impact the purchase price). Over past Boston condo auctions, we have developed expertise in preparing our clients to bid in an educated and confident manner, through coordination of private previews of the property with concise documentation to maximize the effectiveness of the tour, preparation of exclusive comparable market analyses that can provide exceptional insight into the Boston real estate market and how the auction property stacks up against its peers, and taking the time to articulate the intricacies of the downtown Boston condo market.
We have the expertise in the downtown Boston real estate market that will properly prepare you when bidding at Boston condo auctions. Contact us to learn more.