Luxury Real Estate Auctions – Cayman Islands Estate

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Casa Coyaba, “House of Paradise,” a tranquil Caribbean island estate with more than 19,000 square feet of indoor and outdoor living space on 210 feet of beachfront, will be sold at auction on November 3 without reserve, NYC-based luxury real estate auction firm Concierge Auctions has announced. Previously listed for $19.8 million, this impressive property […]

Luxury real estate – Auctions on the rise

luxury-realestate-auction

Exclusively Auctions, a leading absolute auction company with both bargain and luxury real estate home auctions, is not surprised by the recent reports of no-minimum auctions hitting $268B and MLS sales on a sharp decline.In Vail, Colorado, this year’s June MLS sales are down to about 27% compared to the total number of transactions completed […]

Are online auctions the way to sell Luxury Real Estate?

Online Luxury Real Estate Auction

A recent trend in the luxury real estate market is online auctions, although, much like the bricks-and-mortar auctions recently, the goal seems to be generating interest rather than actually holding an auction. One recent example is Wrentham House, an 1891 stone and shingle mansion on Ocean Avenue in Newport, Rhode Island, which hit the online […]

Luxury real estate auction draws weak bids

Lusxury real estate auction

New York attorney, Mark S. Dreier’s  two Hamptons luxury properties went on the auction block recently and missed the expected sale prices by about $2 million.The Dune Road homes were sold for $10.4 million,  coming in around $2 millon short. Dreier, pled guilty ‘to selling fictitious promissory notes and bilking investors out of hundreds of […]

Massive Fijian resort development site goes up for sale

Momi resort Fiji goes to auction

The partially completed Momi Resort development in Fiji will go up for mortgagee auction on July 22nd The Fiji National Provident Fund (FNPF) has appointed Bayleys Real Estate to handle the sale of the first stage of the development which encompasses more than 350 residential luxury homes sites, a partially completed nine-hole golf course, golf […]

Lakefront Estate in NC goes to Auction

Lake Hickory NC

Ignoring the superlatives, this is an interesting statement about the current state of the luxury real estate market. This is JP King’s press release about an upcoming lakefront estate auction. A marvelous lakefront estate, located in the gated community of Eagle Landing in Hickory, North Carolina will sell at real estate auction on Saturday, July […]

Luxury Real Estate Auction in Michigan City

Luxury Real Estate Auction

Inland Real Estate Auctions, Inc. announced today it will auction two model luxury homes and 15 home sites in Michigan City, Ind. The properties are part of The Woodlands, a rustic, resort-style community featuring large lots and 70 acres of natural surroundings with amenities like pools, tennis courts and a clubhouse. An existing model home […]

Luxury Condos go to No Reserve Auction in New Jersey

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25 luxury condos will go to auction this month. According to the auctioneer’s press release – there will be no reserve, and the suggested opening bids are as much as 70% off the original prices. Metrovest Equities announced today that Sheldon Good & Co. Auctions N.E., LLC will auction off 25 one- and two-bedroom luxury […]

Luxury Real Estate Auction Success Story

Broadway Station Condominiums

A luxury real estate auction specialist has just sold 65 premier condominiums in Myrtle beach, South Carolina With all the doom and gloom around the property market, it is nice to see some positive action, and of course the flip side of the drop in housing values – Buyers are getting a lot more bang […]

Luxury Property News – Indian luxury real estate developers go down-market, Cityscape Dubai attracts thousands of investors, U.S millionaires choose timeshares over mansions

Dwindling demand, rising interest rates and high inflation means many well-known Indian luxury property developers are shifting their focus down-market in major Indian property markets. “Affordable housing,” is becoming the new “luxury.” Key real estate players like DLF, Ansal API, Omaxe, Unitech, Puravankara, Matheran Realty, Indu Projects, Shriram Properties, Jain Heights & Structures, Shapoorji Pallonji […]