Well, the quality and price of the luxury real estate going to auction continues to increase. This equestrian estate was originally listed at $7.9 million and now has a reserve of just $3 million, although I would expect it to go for more than that.
More on Equestrian Estate Near Camp David Goes To Auction At Substantial Discount
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Foreclosures and auctions seem to fill the news in the real estate industry still, even at the upper end of the market, but there is an undercurrent of positive feelings.
50 luxury waterfront condominiums were sold at auction over the weekend.
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50 luxury waterfront condominiums were sold at auction this past Sunday after failing to sell through normal marketing channels.
Portland – like most markets has suffered from the real estate downturn that is not happening and the luxury end of the market has by no means been immune. The over building boom that turned most of the country’s docklands into high end condo developments meant a huge glut of condos in certain areas.
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Concierge Auctions will host a real estate auction of a 6,015-square-foot ocean bluff estate with main residence and guest house at 4380D Paliku Place, and an adjacent ocean bluff lot, in Kealia on Kauai, Hawaii on March 8, the company announced. The sale is being conducted in cooperation with Neal Norman, Founder and Principal Broker of Koa Properties.
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The only lofts in Downtown Corpus Christi, will sell at real estate auction on Sunday, October 25 at 2 p.m. at the Bayfront Tower of the Omni Corpus Christi Hotel.
J. P. King Auction Company, a luxury real estate auction company specializing in high-value properties and condominium developments, will sell 28 Atlantic Loft condominiums with 15 selling absolute with no minimums or reserves.
More on Downtown Corpus Christi Loft Condominiums to Sell at Auction
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Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, will be conducting a close out auction of 24 new casita-style condominiums located at Zocalo, Santa Fe, NM on Sunday October 4, 2009. The auction will be held at The Bishop’s Lodge Resort & Spa, in Santa Fe, and will commence promptly at 1 PM.
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