Eleven Homebuyers in North Hollywood, CA Outbid Hundreds To Purchase a New Home
BEVERLY HILLS, CA – September 1, 2009 – (RealEstateRama) — Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, conducted an auction of 11 new single family homes in North Hollywood, California on August 30, 2009 at the Sheraton Universal Hotel, Universal City.
It was standing room only as the crowd of nearly 400 began to stream into the hotel more than two hours before the auction start time of 1:00PM. The auctioneer opened the bidding for each home at a published starting bid price that began at $195,000 for each of the three bedroom, three-and-one-half bath homes, measuring from 2,500 SF to 2,642 square feet. The bidding was highly active with all homes selling to the highest bidder in less than an hour at nearly double the starting bid price.
“These lucky homebuyers have now realized their dream of owning a brand new detached home,” said Rhett Winchell, president of the Kennedy Wilson Auction Group. Oxnard Garden has a contemporary style that represents the latest trends in design, layout and construction. “The builder successfully utilized Kennedy Wilson’s dynamic auction program to stimulate the market, create demand and established a fair value for each home,” continued Winchell.
Oxnard Garden is located near the NoHo Arts District, Valley Village and Studio City that is highly desirable to today’s discriminating home buyer. These new residents will enjoy the many shopping, fine dining and entertainment options that the area has to offer. Easy access to all major freeways and the Metro rail stations in North Hollywood and Universal City makes this location ideal for commuters and for those working closer to home.
Go to BidKW.com for information about upcoming auctions in Dallas TX, Santa Fe NM, Georgia, Texas, Nevada and California.
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 homes throughout the United States, Europe and Asia. It conducts ballroom style, site-to-site, and on-line auctions for all types of real estate. Go to BidKW.com or www.kennedywilson.com for more information.
