Immediately following the auction, the sales team from the listing brokerage Campion & Company sold four additional homes to auction attendees at similar prices, about $1.4 million.  The $675 sales price per square foot at the auction is substantially lower than average price per square foot sales prices of $956 for Back Bay condos that have sold for more than $1 million in the past six months.

Despite the flurry of activity that was kicked up by the auction at the Bryant Back Bay, the building still remains less than 50% sold, but with the new price point established by the auction event, buyers are looking more favorably upon the potential purchase at the Bryant, a building that sits on the border between the Back Bay and the South End.

The Bryant is a 50-unit luxury development that has sold 5 of its 50 units, and is looking to kick-start sales of its remaining inventory.  The building sits on the border between the Back Bay and the South End along Columbus Avenue, and offers large floor-through direct-elevator access condos that are southeast facing.

Pre-registration before the auction date is a must, previews are available September 22 – October 16 (Monday to Sunday noon – 6 PM) onsite at 303 Columbus Avenue Boston, MA 02116.  The actual auction will be held on Saturday, October 17, 2009 at the The Colonnade Hotel located in the Back Bay at 120 Huntington Avenue Boston, MA 02116.