Roebuck Auctions reports it sold 40 plus properties today bringing 2.5 million dollars, on Tuesday, 12/4. It was reported that the auction at Roebuck’s headquarters was packed. Most of the properties were in the Midtown and Cooper-Young area, widely known as the “216-BRET” properties and included single family homes, duplexes, fourplexes, commercial buildings and vacant lots.
This was a huge number of properties to be sold in one auction. I was out of town and was unable to attend. I am not sure if I have formulated an opinion or if I can comment on how these sales will impact the Midtown market.
If you were there, know anyone who was, or have any comments, please post a comment.