43 brand new Gallery condos are on the chopping block this Sunday in Belltown. Are these auctions a good deal? SeattleCondoReview has put together a cheat sheet of the sorts. It seems that the premier units in past auctions go for respectable prices, while the second tier units are usually quite a steal.
I suppose this is only to be expected. The real question is whether this glut of dumped inventory will set a new equilibrium price for Belltown real estate? We’ll be sure to feature the results of the auction here – so stay tuned and good luck!