June 29, 2009 Mara Bushari

1850 auction at Weston

The auction was lots of fun to watch and i wasn’t surprised to see all 35 units sell. I suspected to see the units sell for about 75% of asking and i was almost right. The average went from 61% all the way up to almost 80% of asking with the majority of units selling for around 74% of asking price. Many of the smaller sized units around 700sqft had the lowest priced bids starting at $175k and they went for the closest to asking.

What surprised me the most was the sale of unit 508, my personal favorite, at only $361k. This unit was a corner with city and highway views it had a large brick area for a bedroom and another nook for a second bedroom. The unit had 1,058 sqft with an origional listing priace at $585k, that means it sold for 61% of the asking price. It was good to see over 300 people came out for the auction and there was alot of competition between bidders. 35 lucky buyers along with their friends and family went home happy that night and a lot more went home disappointed. Don’t worry though there are more deals to come this year and next. If anybody wants a complete list of all the sales prices please let me know.

Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

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