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Auction sets stage for conventional sales.

A successful auction of 24 townhomes at Harbour Landing has set the stage for conventional home sales at the award-winning waterfront residential community on New Haven Harbor in Connecticut.

Bidders took advantage of the auction process to purchase residences originally priced from $150,000 to $675,000 at savings of more than 60 percent, according to RAF Partners, Inc., the Englewood Cliffs, New Jersey-based firm that conducted the auction marketing program, and will continue to handle post-auction sales.

Typical one-bedroom homes sold at auction day for $73,000, adds the company. Typical two-bedroom townhomes went for $110,000.

The auction units are now being marketed conventionally at prices ranging from $79,000 to $119,000.
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Title Annotation:homes auctioned successfully at Harbour Landing waterfront residential community on New Haven Harbor in Connecticut
Publication:Real Estate Weekly
Date:Jun 9, 1993
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