cbs4.com - Miami Condos Go For A Song At AuctionWhen it was all over, Pham walked away with a two bedroom unit on the 19th floor. To put the price in perspective, a one bedroom priced at $350,000 sold on average at auction for $176,000, almost half.
A two bedroom unit that sold for about $600,000 last year, sold on average for $295,000.
Ouch, thats gotta hurt for all those other folks waiting to sell, or even those that bought last year and aren't.....