Last Saturday, August 22nd, 2009, the remaining units of the Sage Condominiums (23 of the 32 units), originally developed by Avera and located in the 1700 block of South Lamar, were sold at Auction by JP King. All but five of the twenty three condos up for auction supposedly sold with prices ranging from around $150,000 to $250,000. Apparently, all 23 received bids. But, five were not accepted by the seller.
This now begs the question... will this be a staying trend with the developers who have investors hot on their heels to sell, sell, sell? Also, I'm curious to see what will happen with many of the Bel Air Condos that did receive bids during their auction... but were later rejected by the sellers. Thoughts?
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