I think it's because of the location of the property. If the place is accessible to all, that might be the reason.
The market is the market. You just have to accept and adjust to it. Hopefully you are in a position to adjust to it
In markets like this an old stock market saying applies. 'SELL (not buy) in May and go away.'
Now is the time to clean up and sell your mistakes especially in markets like this where you have to often do it yourself
because the real estate community gets lazy and is not interested in low commission, difficult to sell properties.
Those who say they don't have any, are not being honest.
Mistakes take time and a lot of effort to sell. Like the one property I sold with 55,000 hits and 1,000 responses including
the drunk ones who called me at 2.00 am in the morning.
In this business you will get surprises both good and bad. Those who say they understand perfectly how a conservation authority
will rule are dreaming. If you say you don't have any you are not bidding it right because you are not taking any risks.
To minimize the bad ones takes takes a lot of time and costs money.
Of course if you do it right sometimes you get another type of surprise. Like this tax sale for a property whose had a
former owner from Germany. https://www.vladi-private-islands.de/en/. The most exotic private island seller in the world
and I can prove it. He doesn't touch anything unless it is first class.
We also miss opportunity. I still wonder if I should have bid the jewelry mine tax sale of a few years ago that got no bids.
In general with tax sales the the odds of bad news are much higher then good news. That is why a good purchase
price is so important. As someone accurately said with tax sales you have to remember
" There is a problem with the property or the owner". Bidding close to market price is usually only
justifiable if if you own an adjacent property.