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Auction 1707: Going Once, Going Twice…

October 20, 2008 By 3 Comments

I spent the weekend on Orcas Island and missed out on Auction of 1707.

From what I can gather what happened was they auctioned 14 of the 17 units. Since the final price of the 14th unit was rather low they decided to suspend the auction and held back the last 3 units (#102, #112, #208.) Add those 3 to the other 7 units they held back from the beginning there are now 10 unsold units in the building and it sounds like they are pursuing an “alternative format” to move the remaining units.

I’ll update you as I hear more.

Of course, if anyone attended fill us in!

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About Matt

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

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  • TOKYO64

    Yeah they didn't sell like they wanted. There was an auction on the Press which is across the street and they sold out in an hour! The bidding was very competitive. Buyers were fighting back and forth on the bids and those who didn't get a place quickly put their names on the list just in case someone dropped out after obtaining a unit, which doesn't normally happen and isn't a good idea. 1707 will probably have units available for a while because there are going to be quite a few auctions taking place at the large inventory of condos we have in the city.

  • TOKYO64

    Yeah they didn't sell like they wanted. There was an auction on the Press which is across the street and they sold out in an hour! The bidding was very competitive. Buyers were fighting back and forth on the bids and those who didn't get a place quickly put their names on the list just in case someone dropped out after obtaining a unit, which doesn't normally happen and isn't a good idea. 1707 will probably have units available for a while because there are going to be quite a few auctions taking place at the large inventory of condos we have in the city.