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	<title>Back Bay Realty Group Blog &#187; Condo Auction</title>
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		<title>Nouvelle Auction Results</title>
		<link>http://www.backbayrealtygroup.com/blog/2009/10/08/nouvelle-auction-results/</link>
		<comments>http://www.backbayrealtygroup.com/blog/2009/10/08/nouvelle-auction-results/#comments</comments>
		<pubDate>Thu, 08 Oct 2009 16:33:06 +0000</pubDate>
		<dc:creator>Chris Dunn</dc:creator>
				<category><![CDATA[Auctions]]></category>
		<category><![CDATA[Nouvelle]]></category>
		<category><![CDATA[Auction Results]]></category>
		<category><![CDATA[Condo Auction]]></category>
		<category><![CDATA[Natick]]></category>

		<guid isPermaLink="false">http://www.backbayrealtygroup.com/blog/?p=160</guid>
		<description><![CDATA[<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.backbayrealtygroup.com/blog/2009/10/08/nouvelle-auction-results/' addthis:title='Nouvelle Auction Results '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div>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 [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.backbayrealtygroup.com/blog/2009/10/08/nouvelle-auction-results/' addthis:title='Nouvelle Auction Results ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
			<content:encoded><![CDATA[<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.backbayrealtygroup.com/blog/2009/10/08/nouvelle-auction-results/' addthis:title='Nouvelle Auction Results '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div><p style="text-align: center"><img class="aligncenter size-full wp-image-133" src="http://www.backbayrealtygroup.com/blog/files/2009/09/nouvelle-condo-auction-natick.jpg" alt="nouvelle-condo-auction-natick" width="432" height="244" /></p>
<p>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.</p>
<p>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.</p>
<p>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.</p>
<p><strong>1 Beds: $271k-330k</strong></p>
<p><strong>1 Bed Plus: $309k-359k</p>
<p></strong></p>
<p><strong>2 Beds: $330k-459k</strong></p>
<p><a href="http://www.backbayrealtygroup.com/uploads/File/Nouvelleauctionresults.pdf" target="_blank"> CLICK HERE</a> for Auction results</p>
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