Real Estate Auctions in the Wenatchee Business Journal
Yvette Davis wrote a very thorough article in the Wenatchee Business Journal on the real estate auctions this June in Wenatchee. You can download it here.
Jon Port, who sold seven homes via an auction that was held May 31st said in the article:
“I spent around $30,000 to do the auction, with around $10,000 going to Northwest Auctions up front, and the rest spent on radio, flyers and billboard advertising,” Port said.
Even with those costs, he said he is happy with the results. He sold seven of the nine houses in one month. All of the homes were in the $250,000-$350,000 price Range, which Port said has stiff competition for buyers.
“Right now there are over 100 homes in that price range on the market, so they aren’t moving really fast. I don’t know too many builders that can say they’ve sold seven homes last month, so I’m pretty happy right now,” he said.
If you have any interest in how real estate auctions did this spring in Wenatchee, it is good reading. My auction on May 29th gets some mention as well.
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