Does anyone know where to find results of the DR Horton auction that was held Sunday at the Westin? I'm curious to see what some of those shacks sold for...
Rabbani Mohammed, who works in the software industry, found out about the auction from a street sign in Issaquah and came to see where the final bids landed. He has owned and sold two condos before a move to the East Coast and back. He is now renting an apartment with his wife and two children, and looking to buy.
"I'm going to see how the market is and make a decision in the next six months," he said. "I think we're going to see prices go down with the job market weakening and the Washington Mutual cuts."
Watching the auction from outside the doors, he held a list of homes on the auction block and noted the final price of each house and the bidding trends.
He said he's willing to share his list with me. Also I have a friend that attended the auction as a potential buyer, and am waiting for a response from him on how it went. Should have more info later this week.
As the article mentions, the same company did the Bremerton condo auction. The reserve price was not revealed, and not a single high bid met the reserve. Only 18 of 28 made it into closing, and I'm too lazy to look at how many actually closed.
Comments
I've contacted this guy mentioned in the article: He said he's willing to share his list with me. Also I have a friend that attended the auction as a potential buyer, and am waiting for a response from him on how it went. Should have more info later this week.
http://www.kitsapsun.com/news/2008/may/ ... s-through/