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!
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