northshore condominiums

Condo Auctions In Arizona And Oregon Garner Good Deals For Bidders

Filed under: Auctions, Real Estate Developments

A couple of the condo auctions I recently wrote about have taken place yielding good deals for the bidders. Kennedy Wilson Auction Group announced that they sold 19 units of Northshore, a condominium project located in Tempe, Arizona. The Northshore auction attracted over 300 people and the sale prices nearly doubled the low starting bids of $85,000 and up to $205,000 for units that were once listed as high as $725,000.

In Portland, Oregon 47 units of the John Ross condominium project were sold through two separate auctions on April 10th and April 11th at the Fairmont Scottsdale and the Hilton Portland & Executive Tower. The John Ross auction had over 700 bidders and the sales prices were over 151 percent of minimum bids which started at $110,000.

Neither condo auction sold all the units, at the Northshore project, 19 out of 22 units sold, while at the John Ross, 47 out of 50 units sold. "These auctions prove once again that both buyer and seller benefit," said Rhett Winchell, president of Kennedy Wilson Auction Group. "The winning bidders know they purchased the homes of their choice at fair prices. The sellers realize high volumes of sales at lower costs and are no longer subject to continued uncertainty in the market."

Tags: condos, john ross condos, northshore condominiums

Tempe Condos Up For Auction At New Low Prices

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

More condo turmoil out of Tempe, Arizona. ABC 15 reports that the Northshore Condominiums is having a big close-out auction. The 22 units will be sold on April 10 at prices that are deeply discounted. Opening bids start at $85,000 and up to $205,000 for units that were once listed as high as $725,000.

The condos have a panoramic view of Tempe Town Lake and are located within walking distance to Arizona State University. According to the article many of the units have never been lived in. Owners share a large pool with a heated spa, fitness center and an outdoor entertainment/service bar area with barbecues. There are one, two, and three-bedroom units available that are up to 2,168 square feet. Bidders must be pre-registered and pre-approved.

Tags: arizona, condo auction, northshore condominiums, tempe