Jul
27

Gamecock Stadium Condos Auctioned At Reduced Prices

By

Going once, twice – sold

July 27, 2008

By Kristy Eppley Rupon – The State

Ten condos sold for half-price at Carolina Walk condominiums by Williams-Brice Stadium on Saturday before developers cut off the auction.

“My daddy always told me … activity breeds activity,” said Jimmy Rogers, one of the developers of the high-rise condominium complex across Bluff Road from the Gamecocks stadium. “That’s what we were trying to do and give somebody a great deal, too.”

Ten condos sold for between 36 percent and 58 percent off of the original asking prices, selling for an average of $238,750. The average asking price for the 10 condominiums that sold was $478,918. Developers also sold more than 30 tailgating spaces at deep discounts.

Developers could have sold up to 36 condos Saturday. But they cut off the sale after unloading the 10 they had pledged to sell regardless of bid prices.

An auction a year ago at the other high-rise development near the stadium led to the sale of 19 condos at 25 percent to 55 percent discounts. Developers at that auction sold 14 more than the absolute minimum of five.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLES HERE:

http://www.thestate.com/local/story/472388.html

http://www.thestate.com/news-extras/story/472398.html
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