Bidders snapped up 21 condos at a second auction at GrandView at Annapolis Towne Centre, leaving four in the 150-unit project unsold, the auctioneer reports.
Mark Troen, chief operating officer of auctioneer Sheldon Good & Co., told me in June he was confident that everything at the high-end project would sell. Yesterday he said the builder could have auctioned the few remaining units at the Sunday event but decided a traditional transaction for the rest would bring an equal or higher price.
"We always promised that at least 10 would sell," Troen said. "We actually got to 21, so I think that's a pretty good result."
The winning bids ranged from $337,600 to $810,000 on units that Sheldon Good said were originally priced at $514,000 to $937,900.
About 200 people attended the Sunday auction, including 55 who registered to bid, Troen said.
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Mark Troen, chief operating officer of auctioneer Sheldon Good & Co., told me in June he was confident that everything at the high-end project would sell. Yesterday he said the builder could have auctioned the few remaining units at the Sunday event but decided a traditional transaction for the rest would bring an equal or higher price.
"We always promised that at least 10 would sell," Troen said. "We actually got to 21, so I think that's a pretty good result."
The winning bids ranged from $337,600 to $810,000 on units that Sheldon Good said were originally priced at $514,000 to $937,900.
About 200 people attended the Sunday auction, including 55 who registered to bid, Troen said.
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