This will be a very important data point in Studio City real estate where everyone largely thought p

While last weekend saw the West One auction in Long Beach (more on that later), let's focus on another holiday inn hotels in puerto rico auction held yesterday at the Sheraton Universal Hotel. This auction hawked 25 new condominiums in a Studio City (it looks like the condo were in a building called Acama Villas; it's pictured) and according to the official web site , starting bids were $279,000 on units that were previously listed at $765,000. So how'd it all go down? A brave reader who attended the event files this report. "Units ended up selling for less than $300 per sf, and between $400-500k per unit . Most were 3BR, but there were some 2BR units as well. The auction psychology was interesting too, as the first few buyers holiday inn hotels in puerto rico lost about $30-60k by bidding early because the same units were selling for less about an hour later."
This will be a very important data point in Studio City real estate holiday inn hotels in puerto rico where everyone largely thought holiday inn hotels in puerto rico prices might be insulated. Now any condo trying to sell will probably have this as the high water mark, and certainly anyone trying to sell a used condo unit will have to seriously look at their pricing."
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