BEVERLY HILLS, Calif. – Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted two auctions of 41 luxury model homes on May 31st, and June 1st, 2008.
Saturday’s auction of 24 luxury model homes was held at the Holiday Inn Capitol Plaza in Sacramento and was attended by hundreds of bidders. The homes are located in Roseville and Woodland, two of Sacramento’s most desirable areas. Fiddyment Farm in Roseville is an upscale master-planned community. Woodshire in Woodland offers traditional residences, northwest of Sacramento. The three and four-bedroom homes ranged in size from 1,973 to 3,681 square feet of luxurious living space enhanced with a host of upscale design features. All homes were sold within one and half hour.
Sunday’s auction was conducted in Palmdale at The Oasis. The homes are located in the communities of Calico Terrace, Discovery Trails, Grandiflora and Anaverde ranged in size from 1,890 to 3,767 square feet and offer ideal floor plans for active lifestyle. The great enthusiasm and the high intensity of the bidding indicated that despite the current housing market, homebuyers’ interest in the area is still very strong. All homes sold within 45 minutes.
“Both auctions were very well attended and the seller was very pleased to have sold 41 homes in two days,” said Rhett Winchell, president of the Kennedy Wilson Auction Group. “The rapid sale of these two projects is a clear indication of the interest auctions are generating in the current market. With the housing market falling it just makes sense for both the buyers and the sellers to choose this accelerated sales process,” 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 www.kwiauctions.com or www.kennedywilson.com for further information.