I spent a few days last week registering clients for the upcoming auction for Gallery Condominiums in Belltown. It is pretty clear to me that this auction is the fastest way to get the project on the road to a FHA approval. What is unknown is how successful the auction may be.
I did feel the buzz of interested buyers and the prices seemed to be pretty fair. Most minimum bids started at $195,000 and ranged as high as just under $400,000. The Auction date is set for Sept 27th, 2009.
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