BEVERLY HILLS, Calif. (December 3, 2007) – Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted a special close out auction of 31 new homes in the gated community of Westwind in Oxnard, California on December 2, 2007. The homes featured classic Spanish traditional style architecture with private yards, and are located a short distance from Pacific Coast Highway and only minutes from the beach.
This auction was the first new home auction in Oxnard in 2007 and represented an unprecedented opportunity for home buyers to purchase a new home of their choice at excellent prices. Bidding on the homes was very active and most homes sold in the $400,000’s. These homebuyers were able to purchase new homes at substantial savings.
“The new home owners were very excited about their new homes and the builder was very pleased to have sold nearly $13 million dollars of standing inventory in one day,” said Rhett Winchell, president of the Kennedy Wilson Auction Group.
The auction, took place at the Residence Inn by Marriott at River Ridge Hotel, in Oxnard, California.
The Westwind homes featured three- and four-bedrooms, some with lofts, two and three bathrooms and ranged in size from 1695 square feet to 1864 square feet.
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.