Archive for the 'Auction' Category

Market Conditions: Did the Auctions Signal a Price Bottom?

Crain’s reported yesterday on the two South Loop condo auctions over the weekend that we all have been chattering about the past few days.
In a nutshell: more than 60 condos sold at the two auctions at prices reduced anywhere from 27% to 45% off the last asking price.
“It’s a declaration that the market has stopped […]

Open Discussion on the Auction at 1400 S. Michigan in the South Loop

Anyone go to the auction at 1400 S. Michigan? (You know who you are.)
Please let us know what happened (number of units that sold, selling prices etc.)
Thanks!

Open Discussion: Auction at the Motor Row Lofts: 2303 S. Michigan

Anyone go to the auction at 2303 S. Michigan, the Motor Row Lofts, today?
Please let us know the details (number of units sold, prices etc.)
Thanks!

Motor Row Brick Loft Still Available 10 Months Later: 2332 S. Michigan

We last chattered about this triplex brick loft at 2332 S. Michigan in Motor Row in January 2009.

See our prior chatter and pictures here.
The loft has walnut floors, beamed ceilings and a private rooftop deck. There are also outdoor spaces on the other two levels.
The modern kitchen has Bosch appliances.
It has been reduced $20,000 since […]

Auction Alert: The Vetro to Auction Off 40 Units on March 7

Still interested in The Vetro, at 611 S. Wells, in Printers Row/the South Loop?
On March 7, the developer of The Vetro will be auctioning off 40 units starting at minimum bids of $115,000 for studios.
The website states:
“Don’t miss this once-in-a-lifetime opportunity to purchase a new luxury condo at the price you determine. Every residence sold […]