An Extraordinary Opportunity for Homebuyers
BEVERLY HILLS, CA – March 24, 2009 – (RealEstateRama) — Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted an auction of “Queen Anne Hill”, 12 luxury Condominiums situated in Seattle’s world class residential district listed on the National Register of Historic Places.
Held at the Grand Hyatt Seattle, a standing room only crowd of 200 people took advantage of this extraordinary opportunity to live in the region’s most desirable neighborhood! The bidding was very active with all homes being sold in approximately one hour. After careful consideration of all options, the seller chose Kennedy Wilson’s proactive auction program as an excellent way to sell standing inventory in today’s challenging market.
This one day event represented the second highly successful close-out auction conducted by Kennedy Wilson in Seattle following the sale of 18 homes at The Press on Capitol Hill in December 2008. “Minimum selling prices were published up front and there was no buyer’s premium,” said Rhett Winchell, president of the Kennedy Wilson Auction Group. “Kennedy Wilson’s dynamic auction program stimulates the market, creates demand, establishes a fair value for each home and results in a win-win for the buyers and the seller,” 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 homes throughout the United States, Europe and Asia. It conducts live auctions for all types of residential properties. Click www.kennedywilson.com for further information.
