Nouvelle Auction Results

On Sunday October 4th the Nouvelle Condos were auctioned off at the Crown Plaza in Natick. As one of the most talked about auctions in recent history, it attracted a standing room only crowd at the auction, with over 400 bidders showing up. The event started on time and the bidding was quickly underway after a 10 min practice auction.

The deals that the new owners received that day, were nothing short of spectacular. Most of the 43 units received an average of 49% off the last listing price. The median discount was slightly lower at 48%. The biggest discounts went to the penthouse 3 beds, which in some cases saw a million dollars knocked off the price. These units sold at 60-64% off. In addition to the 43 units that sold at the auction, an additional 12 units sold directly after the auction.

For those that didn’t buy at the auction,  you didn’t totally miss out on the deals. The auction’s purpose was to re-price the remaining units and that’s exactly what happened. For the new pricing breakdown on the remaining units take a look below, you will also find the total breakdown of the auction results.

1 Beds: $271k-330k

1 Bed Plus: $309k-359k

2 Beds: $330k-459k

CLICK HERE for Auction results