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North East / Things getting better?
« on: April 23, 2012, 05:25:14 PM »
Day job has been very busy, so I was forced to take a few months off from auctions. When I left back in December/January prices were totally outrageous, basic crap units going for $600 to $800. Finally had some time today to hit two going through my town and a neighboring town one after the other in the Boston/MetroWest area.
Maybe it was just today, but it seemed like things have come a little back to earth since I was gone. Are you all seeing the same thing or was this just a freak day.
First auction had only 1 unit available. Unit was TOTALLy filled to the doorway, tons of boxes. Stuff did not look nice from the door, but there was so much volume that a few months ago it would have easily gone for $750 plus. Today it ended up going for less than $300. Next auction had two units. FIrst was full of used mattresses, so there were no bidders at all (costly to get rid of them here in Mass. and they legally cannot be sold). Second unit was very nicely boxed up full apartment unit. Tons of stuff, all seemingly in decent shape. Unit would have gone for over a grand a few months ago, today it went for just over $600 (still a little high, but not ridiculously so).
I was not interested in either of the units, but I was happy to see that some of the ridiculous inflation was gone! Is this a trend, or was today out of the ordinary.
Maybe it was just today, but it seemed like things have come a little back to earth since I was gone. Are you all seeing the same thing or was this just a freak day.
First auction had only 1 unit available. Unit was TOTALLy filled to the doorway, tons of boxes. Stuff did not look nice from the door, but there was so much volume that a few months ago it would have easily gone for $750 plus. Today it ended up going for less than $300. Next auction had two units. FIrst was full of used mattresses, so there were no bidders at all (costly to get rid of them here in Mass. and they legally cannot be sold). Second unit was very nicely boxed up full apartment unit. Tons of stuff, all seemingly in decent shape. Unit would have gone for over a grand a few months ago, today it went for just over $600 (still a little high, but not ridiculously so).
I was not interested in either of the units, but I was happy to see that some of the ridiculous inflation was gone! Is this a trend, or was today out of the ordinary.