Origin At Seahaven Auction AnalysisOrigin At Seahaven Auction Analysis
Posted by: chris
on Feb 09, 2009 
It has now been roughly 6 weeks since the Origin at Seahaven absolute auction. According to my review of Bay County Records, Origin at Seahaven sold twenty developer owned units as a direct result of the Auction. Hours after the end of the auction the sales boards showed twenty-seven units under contract. All contract holders had fifteen calendar days to walk away from there contracts without penalty. Developer units are still available and listed for sale.
For those of you who missed the Origin at Seahaven Auction Results article, here were the results: Please keep in mind that a 10% commission was added to everyone's purchase price. So, if you bought a:
"three bedroom lockout" (gulf view) for 270k, you paid $297,000 which is $166 a square foot
"three bedroom traditional"(gulf view) for 200k, you paid $220,000 which is $112 a square foot
"two bedroom traditional"(east facing gulf view) for 201k, you paid $221,100 which is $155 a square foot
"two bedroom lockouts" (gulf view) for 200k, you paid $220,000 which is $174 a square foot
"two bedroom lockouts" (village view) for 160k, you paid $176,000 which is $135 a square foot
"one bedroom" (gulf view) for 125k, you paid $137,500 which is $169 a square foot
"studio" (gulf view) for 85k, you paid $93,500 which is $196 a square foot
"studio" (village view) for 55k, you paid $60,500 which is $130 a square foot
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