Riverstone Condos Going To Auction

In the business section today, the CdA Press reports that Village at Riverstone will have a closeout auctin for 36 condominiums June 14. Prices begin at $180,000 to $490,000 on quality condos that previously were priced at $329,000 to $899,900, with square footage ranging from 792 to 2,002. Kennedy Wilson of Beverly Hills will do the auctioneering duties.

Question: What do you make of this closeout sale? And/or: Would you be interested in living in a Riverstone condo?