Real Estate Auctions

Dec 06 2006 Published by under Ramblings

Friend of mine sent me this… the price difference from the standard “usual” market and the auctions are astonishing.

One three-bedroom ranch house with a pool sold for $671,000. In 2005, the same house sold for $809,000. Another house, just steps from Naples Bay, sold for $880,000 at the auction., compared with $1.35 million a year earlier. On average, the houses that changed hands at the auction had fallen about 25 percent in value since 2005, according to Thomas Lawler, a real estate consultant who analyzed the auction’s results.

What Statistics on Home Sales Aren’t Saying

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