A Buena Vista Auction Result

I have just heard about a home that sold at the auction this weekend.  It sold for $505,000 including the 5% auction fee.  The home was listed for as low $560,000+ and has high as $605,000.  Here are the listing prices (rounded) over 500 days,

• $610,000  (100+ days)
• $645,000 (one day)
• $610,000 (8 months)
• $677,950 (typical Valentine’s Day raise they like to do.  3 months)
• $570,000 (5 months)

So based on their last list price it is an 11% discount which falls in line with some other reports I had.  I was also told this was a single bid, no competitors.