Real Estate Central

Kennedy Wilson Auction Group Sells 30 Luxury Homes

BEVERLY HILLS, Calif., Sept. 30 /PRNewswire/ — Kennedy Wilson Auction
Group, a division of the national real estate services and investment firm
Kennedy Wilson, conducted an auction of 30 luxury residences located in
some of the most desirable areas of greater Phoenix: Gilbert, Buckeye, and
Waddell. The elegant two to five bedroom residences ranging from 1,024 to
6,914 square feet feature quality craftsmanship and great designs.
Published reserves for these 30 properties ranged from $90,000 to $375,000
for houses that were previously priced at $184,950 to $759,950.

Potential bidders took advantage of this exceptional home-buying
opportunity, which was held at the Hyatt Regency Resort and Spa at Gainey
Ranch. Bidders arrived early and additional seats had to be provided to
accommodate the large number of prospective bidders. There is a new normal
in the market and the owner is using the Kennedy Wilson Auction Marketing
Process to sell available inventory more rapidly in today’s known market
while buyers are setting their own price … it’s a win-win situation.

“We are known for our published reserve auctions,” says Rhett Winchell,
President of Kennedy Wilson Auction Group. “It creates a lot of interest
because buyers know that the homes will sell at or above the reserve
prices. Everyone is focused on these properties because everyone wants a
deal. The seller was very pleased with the auction results, selling his
inventory in ninety minutes. The rapid sale of the homes is a clear
indication of the great demand for quality housing options in the Phoenix
area, and also of the interest auctions are generating in today’s market,”
continued Winchell.

Founded in 1977, Kennedy Wilson is a real estate services and
investment firm headquartered in Beverly Hills, CA, with 20 offices
throughout the U.S. and Japan. It seeks opportunities in partnership with
clients in pursuit of above-market investor returns and higher real estate
values. Kennedy Wilson Auction Group has been a leading force in the
auction industry since 1977. Since inception, the Kennedy Wilson Auction
Group has conducted many successful auctions of condominiums and
single-family home communities throughout the United States, Europe and
Asia. It conducts live auctions and sealed-bid sales for all types of
residential properties. Click http://www.kwiauctions.com;
http://www.bidkw.com or http://www.kennedywilson.com for further
information.




CONTACT: Kennedy Wilson
9601 Wilshire Blvd., Suite 220
Beverly Hills, CA 90210
Tel 310.887.6400 Fax 310.887.3410
Rhett Winchell

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[Via Real Estate Newswire]