Actually, per the auction agent I spoke with this week they are only auctioning off 40 condos. There are another 120+ condos that will still be unsold. They pulled the remaining 120+ condos off the market and will not be putting them back on the market until after the auction. I asked at what price the remaining 120+ condos will come back on the market for and she said that hasn't been decided. Good luck and let me know if you want more details!... more
Pam, 5 years is a great time table before you sell. South Waterfront is going to be slow because there was no infrastructure there like the Pearl. Some of the building are converting to high end apartments which will bring more people so shops will open and activity will pick up and light rail might be done by then. If you are trying to sell you would be lucky to get your purchase price unless it was a very special location and layout but most are similar plans. Good Luck.
Tom Inglesby, Broker
RE/MAX Equity Group