Remington Past Sales
Historical Sales In Remington
The Most Notable Sale
As of April 8, 2024, the most notable sale to take place in Remington at Bay Colony occurred in June 2022. After 15 days on the market, #804 sold unfurnished for $8,200,000, or $250,000 more than the full list price. This condo was in its original condition. The buyer purchased the property with a conventional loan. The record was tied again in October 2023 when #1403 was sold.
Breaking The Record
Breaking the sales record in Remington at Bay Colony would likely require a higher floor with upgraded interiors acceptable to most of the Remington at Bay Colony buyer prospect base or a low-floor unit with exceptional finishes. A cabana could also help push a record-breaking sale. Market conditions would need to be considered a favorable seller’s market.
The Best Deal In Remington
The lowest-priced condominium to sell in Remington closed in February 1998 when 201 sold for $762,500. It was marketed both furnished and later unfurnished for 761 days on the market after a start price of $2,195,000. This unit was marketed by three different agents, and the price dropped substantially with each offering.
Remington is notorious for experiencing more sales activity during favorable market conditions and very few sales opportunities during downturns in the market. This is largely due to the fact that an overwhelming majority of residents in Remington are seldom shaken during an economic crisis and have the ability to hold onto their properties when they cannot recoup the full value of their properties. There are two years where no open market sales were recorded and four years where only one sale took place. If you like Remington at Bay Colony, this is may not be the building to wait for a downturn to purchase.
For more information about Remington at Bay Colony’s past sales, contact Shannon today!
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