The widely-advertised Chilali Lodge auction this past weekend was a total success with all 11 units being sold. While I was told that the winning bids ranged from 30 to 70% above the minimum asking prices, I have now confirmed what really happened.
There were 35 serious bidders registered all with proof of funds. Winning bids ranged from apx 15 to 20% above minimums, plus the Buyer’s premium. Base on all units sold the average selling price was approximately $318.00 per square foot.
On Sunday one of the marketing agents reported that three more units were put under contract since the auction. The 7 remaining units are priced from $695,000 to $1,050,000 and will be listed in the Sun Valley Board of Realtor MLS within the next few days . . .
I will post the new price list when it becomes available.
Congrats to all buyers and agents involved!