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Sabine Auction Results!

towers staff March 1, 2010 Comment

Today, more than 200 registered bidders showed up to compete for 31 units in the much anticipated Sabine auction. In the end, 29 of 31 units sold for an average 30.5% discount with a final price per square foot of $228. With strong demand, the developer added four units into the auction: three just days before the sale and the fourth unit during the auction.Prices were about 19% lower on a price per square foot basis than the recent Brazos Place auction -- the Sabine . . .

 

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Real estate, architecture, and city planning. Email: austin@towers.net

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