Need more proof that Florida's real estate market is in deep trouble? Here it is, both Sotheby's Realty and Coldwell Banker are making moves on the real estate auction front. Sol Sotheby's International Realty and Nestler Poletto Sotheby's International Realty have announced they will hold their first luxury property auction
for Miami-Dade, Broward and Palm Beach Counties on March 28 in Fort Lauderdale, putting more than $200 million in high-end properties on the block. Most of the properties will be sold to the highest qualified bidder with no limiting conditions or amounts.
The same company that is working with Sotheby's, Daniel DeCaro Real Estate Auctions
, is also helping Coldwell Banker Real Estate Florida with auctions. They now offer clients the option of auctioning off their homes in Central Florida rather than selling in the traditional manner.