Yesterday I attended the Signature Place Auction and watched the action. There is nothing like the banter of a skilled auctioneer to get the crowd excited.

Click the link below for an Excel spreadsheet with all the pricing information (same as image below)

Accelerated Marketing did a very nice job on this auction. Generally, it was well organized and they got some strong prices on the units sold.

Some of the noteworthy results and comments are:

• No one was allowed to purchase more than one unit. Once you made the highest bid on a unit, you were escorted out of the room to sign contracts and not allowed to bid any more.
• The sequence for the Auction (reflected below) was published at 11:30 the morning of the Auction (which began at 1:00 PM).
• A handful of units were added during the Auction if that floor plan appeared to be selling well (noted as "inserted" below).
• The average selling price was $250 per Square Foot (with a standard deviation of $26).
• 49 units were sold in about 2 hours.