Archive for March, 2011

Skyscape to Auction off Unsold Units

By Michael Sharp: RE/MAX Results

On March 14, 2011 Velocity will auction off some of Skyscape’s unsold condos.  Interested buyers must preview the units prior to the auction and fill out an interest card to attend the auction.  Only units with enough interest will be auctioned off.  Starting prices are 40+% below the last asking price.  This past weekend the building was buzzing with activity from prospective bidders.  The question will be how many of these prospectives become actual bidders, and how high over the starting price are they willing to go.  It also remains to be seen whether this will help or hurt the building’s resale values in the future.