Anyone see the ad in the WSJ for the absolute auction of 10 units in Seagrove Highlands on March 17? I'll take a stab and guess that the 1 BR units will go for $150k or so and the 2 BR units will fetch in the neighborhood of $250k or about 40% lower than the lowest current listings on the MLS.
It will be interesting to see how many other developers with unsold units (Redfish, Santuary, etc) will go the auction route over the next 12 months.
It will be interesting to see how many other developers with unsold units (Redfish, Santuary, etc) will go the auction route over the next 12 months.