Today was a big day for Brazos Place as all 19 remaining units were sold in less than 90 minutes to a packed room of bidders. On average, the units sold at a 29% discount to the original listing price. This is, however, a useless barometer as the units were not selling well at the original prices. More useful is the average price / square foot which at $281/SF is a 9% discount to the 2008 downtown condo average of $308. Unfortunately for current Brazos Place . . .
