Quick update: I just spoke with the auction center at 1400 S Michigan and learned something interesting. On the registration cards they ask bidders which condominiums they are interested in. They use this information to sequence the condos for auction, with the most in-demand condos being auctioned first. In other words, the last condos to be auctioned will have the least demand and possibly be the better deals – unless of course all the losers (not meant to be derogatory) end up bidding on the last condos and drive up the prices.

Once again, the auction is this Sunday at the W Hotel on Adams St.

This entry was posted on Wednesday, November 11th, 2009 at 10:04 am by Gary Lucido and is filed under Condos/Townhomes, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.