Last week The Gallery announced they were switching from the planned auction of the remaining units to a special Buy Now Event. The announcement came the day before the auction.
According to a press release, the change was due to the large number of first-time home buyers who would face greater difficulties buying in an auction format.
What was the result of this switch? Eight units were sold at an average of 12% below the listing price. That means there are 35 units still available at the Gallery.
Did the last-minute change help or hurt Gallery sales? Let us know what you think in the comments below, on Facebook or through Twitter!
For more information, look here.
The Gallery Condominium LLC recently announced the auction of all their remaining units through AMP Auctions.
The auction will take place on March 5th, at 5pm. The auction will be held at the Grand Hyatt in downtown Seattle. Minimum bids start at $175,000 for open, one-bedroom units.
Amenities include concierge staff, roof-top deck, owners lounge, sky lounge, yoga and fitness center.
Condos have beautiful slab granite or microcrystal countertops, stainless-steel appliances, high ceilings, large windows with views of the Space Needle or Elliott Bay and hardwood floors.
For more information visit the auction site or check out the recently released list of units and minimum bid.
Olive 8 will be the next Seattle condo building to hit the auction block, and the prices look incredible.
The event will happen on Sunday September 19th, and starting bids on 1 bedrooms are as low as $160,000! There are 34 units up for grabs out of the 228-unit project.
Amenities at the sustainable condo-hotel include a pool, fitness center, yoga studio, room service, housekeeping services, 24-hour concierge, a dog run and more.
There’s more information available at their Auction Info Office, open every day from 11AM to 6PM at the property in unit 2702.
Click here to see a full list of the units available with pricing!