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
The fall has traditionally been a good time for buyers to go out looking because of the influx of properties that come on the market. This year is no different, with over 100 new condos coming onto the market in Boston since September 3rd. The low mortgage rates of last week means that hopefully some savvy buyers out there locked when the rates dipped to 5% or lower in some cases. The downtown however, isn’t the only area that’s trying take advantage of low mortgage rates and patient but hungry buyers.
The Nouvelle at the Natick Collection is also trying to hop on the bandwagon with their auction on October 4th. The plan to auction off 42 units has drawn lots of attention from people in Boston, and with homes starting at $160,000 they are incredibly affordable. The Nouvelle isn’t alone either, Milton Village in Milton just dropped their prices as well. In effort to get buyers before the First Time Home Buyer Tax Credit closes prices have been dropped 10% in the past week. For more information on either of these properties or a free market report send us an email at contact@backbayrealtygroup.com or call 617-449-3642.
Natick’s most luxurious condominium development the Nouvelle has decided to auction off its remaining 42 units. These luxury condos are being auctioned off on October 4th, perfect timing for those looking to buy property before the First Time Home Buyer Tax Credit runs out. These 42 remaining units are being auctioned off at up to 70% off the last list price.
Now to sweeten this incredible deal I’m offering all my clients who register with me to see the building, $800 cash back at closing. Buy some new furniture, buy a bigger TV, use the money for whatever you like, it’s free as long as you register with me. Our company has handled many auctions before most recently the 1850 auction. There have never been more reason to buy so don’t waste any time and contact me today. I’ve posted more info on the units and auction below.
Condos at the Nouvelle at Natick feature:
• Expansive Windows
• 9’ Ceilings
• Elegant Kitchens with Stone Countertops, Custom Cabinetry and Kitchen Aid, Stainless Steel Appliances
• Brazilian Hardwood Flooring
• Luxurious Marble Bathrooms
• European-Style Balconies and Spacious Terraces
• Prewired for Broadband, Digital Television, Home Theater and Whole-house Audio
• Building Services by Barkan Management
• Concierge Services by Tillingers
• Neiman Marcus Make Yourself at Home
• Dining at Your Doorstep by Sel de la Terre
• Bosse Sports and Health Club
• Interior Design Services
• Personal Shopping
• Travel Planning
How the Auction Works
Register: You let me know when you are available and then visit the property with me. We can take our time and browse through the available units and incredible amenities of the building. I’ll be more than happy to answer questions throughout the process and we can discuss strategies for bidding at the auction if you are interested. VERY IMPORTANT – IF YOU REGISTER WITHOUT ME YOU WON’T BE ELIGIBLE FOR THE CASH BACK! They are very strict on their broker policy and you will not receive the cash Back if I’m not physically there with you the first time you enter, so just give me a call or email and I will be. cdunn@backbayrealtygroup.com or my cell 860-463-8361!
Re-visit: After you are registered with me, you can revisit the property as many times as you’d like with or without me. Feel free to go back and revisit your favorite floor plans, or to show it to friends and family.
Practice Auction: Most auctions have a practice auction the day before so people can understand how it really works and what they can expect. This is also a great time to ask questions of the people running the auction.
Auction Day: On the day of the auction you will check in at 12pm and the auction begins promptly at 1pm. The auction will last a couple of hours in which you bid live on properties. It’s an exciting event with a lot of things happening at once but most importantly, it’s a great chance to pick up a property for pennies on the dollar.
Closing: After you close I will give you your $800 gift card, which you can use for whatever you want!
Please contact me directly at cdunn@backbayrealtygroup.com or 860-463-8361 for more information. Remember, if you don’t register through me you won’t be eligible for the cash back!
Auctions, Nouvelle | Chris Dunn | 
October 8, 2009 12:33 pm | 
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