Folio Condominium Sales Boston, MA September 2006

• Over $24 million in luxury condominiums sold in 2 hours.
• 31 Units sold at an average price of $778,000.
• Sold out a line of 2 bedroom units that had not been purchased via conventional marketing tactics by any buyer in 2 years.
• Sold out entire floor of terraced penthouse units.· Auction achieved 96% of revenue target for conventional sales outlined 4 months earlier.
• Units sold at higher price per square foot than that achieved by competition with 6 months of conventional sales.
• Successful close-out of development.

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