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Auction Results from Phoenix Convention Center

dsc02086I attended the REDC auction with homebuying clients on July 13th, 2009.  The day before the auction I let my clients inside each house scheduled to be auctioned with my special REALTOR key.  We saw 8 homes and they decided to bid on 5 and they got 1!

REDC was auctioning off 400+ homes/condos/land
I arrived at the Phoenix Convention Center at 8:30am and didn’t leave until 3:30pm.
They do sell some snacks/food.
I paid $14 for downtown garage parking.
There was about 1,000 people there!
They do not allow photography so don’t tell on me!
You can have a Real Estate Agent (like me) represent you at no cost to you.

BELOW ARE RESULTS. I frantically took notes so you can get an idea of what the properties are actually going for.  If you want details on a certain address let me know and I might have it for you.

Also, keep in mind when the auctionier shouts SOLD! he then says “subject to seller confirmation” – so these prices I’m posting here may not become a reality if the seller/bank does not agree to sell it for the auctioned winning bid price.

If I can be helpful to you don’t hesitate to drop me an email or use the contact form to the right. – Becky Wyatt (480-383-9209)

Here are other posts I’ve written about Phoenix-area Auctions:

http://www.arizonahometalk.com/redc-foreclosure-auction-in-mesa-results/

http://www.arizonahometalk.com/auction-results-for-gilbert-az-properties/

Keep in mind that the SOLD WINNING BID prices I jotted down to NOT include the additional 5% buyers premium that is added to every winning bid!

BUCKEYE:
2,531 square feet 5 bedroom 2.5 bathroom
Starting bid: $19,000
Previously Valued to: $215,000
SOLD for $77,500 – then came back during auction and SOLD for $70,000

1,598 sqft single level 3/2
Starting bid: $1,000
Prev. Value: $221,400
SOLD for $62,500 – then came back during auction and SOLD for $57,500

CASH ONLY 3/2 1,500 sqft on over an acre
Starting bid: $500
Prev. Value: $89,900
SOLD for $50,000 CASH

GOLD CANYON:
3/3 3,251 sqft
Starting bid: $79,000
Prev. Value: $349,800
SOLD for $185,000

3/2 1,902 sqft
Starting bid: $49,000
Prev. Value: $290,000
SOLD for $120,000

MESA:
4/3 2,412 sqft
Starting bid: $59,000
Previous Value: $247,000
SOLD for $120,000

5/3.4 4,002 sqft
Starting bid: $149,000
Prev. Value: $445,900
SOLD for $235,000

9/5.5 5,549 sqft
Starting bid: $169,000
Prev. Value: $671,200
SOLD for $340,000 – then came back and SOLD for $330,000 ($61 per square foot! amazing!)

4/2 1,200 sqft on over an acre
Starting bid: $49,000
Prev. Value: $360,000
SOLD for $130,000

CASH ONLY 4/2 2,215 sqft
Starting bid: $29,000
Prev. Value: $245,000
SOLD for $95,000 CASH

PARADISE VALLEY:
4/3.5 2,360 sqft
Starting Bid: $239,000
Prev. Value: $850,000
SOLD for $500,000 – then came back and SOLD again for $495,000

CHANDLER:
5/3.5 5,001 sqft
Starting Bid: $299,000
Prev. Value – NA
SOLD for $540,000

5/2.5 2,884 sqft
Starting Bid: $79,000
Prev. Value: NA
SOLD for $180,000

4/2 2,382 sqft
Starting Bid: $59,000
Prev. Value: $347,000
SOLD for $152,500

3/2.5 1,794 sqft
Starting Bid: $9,000
Prev. Value: NA
SOLD for 97,500

SCOTTSDALE:
4/2.5 4,616 sqft
Starting Bid: $379,000
Prev. Value: $1,070,900
SOLD for $720,000

4/3 3,203 sqft
Starting Bid: $269,000
Prev. Value: $685,000
SOLD for $490,000

4/2.5 3,842 sqft
Starting Bid: $239,000
Prev. Value: $965,000
SOLD for $435,000

3/2 3,491 sqft
Starting Bid: $239,000
Prev. Value: $883,000
SOLD for $425,000

CASH ONLY 4/2 3,297 sqft
Starting Bid: $129,000
Prev. Value $445,000
SOLD for $300,000 CASH – then came back and sold for $275,000 CASH

4/3 2,176 sqft
Starting Bid: $89,000
Prev. Value $550,000
SOLD for $240,000

GILBERT:
4/2.5 2,197 sqft
Starting Bid: $59,000
Prev. Value $261,000
SOLD for $150,000

4/3 2,673 sqft
Starting Bid: $79,000
Prev. Value: $394,500
SOLD for $195,000

2/2 953 sqft
Starting Bid: $39,000
Prev. Value: $217,000
SOLD for $60,000

4/3 2,382 sqft
Starting Bid: $69,000
Prev. Value: $370,000
SOLD for $170,000

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2 Comments For This Post

  1. Jim Zirbes Says:

    Excellent article & outstanding blog Becky!

    I cover some these very kinds of things you addressed in classes I lead for real estate agents, but no where near as in-depth or as eloquently as the postings you have here on the REDC (& similar) auctions. I’ll refer interested persons to you here.

    All of what I’ve seen with what you’ve done is wonderful – nicely designed & very well written by you! A tremendous website you’ve created here indeed. Keep up the good work!

  2. Phoenix Home Auctions Says:

    Great, in-depth look at a pretty good auction opportunity. I also attended this sale, some great deals we’re had. I’ve fallen in love with buying at the trustee sales these days. There is a tremendous surplus of properties and with 8 months of median home value gains, job loss finally declining… things are on the up and up.

1 Trackbacks For This Post

  1. Email Reply RE: $10-$30,000 Houses for sale | Arizona Home Talk Says:

    […] other posts I link to within this one – and you’ll see the prices that happen at auctions. http://www.arizonahometalk.com/auction-restults-from-phoenix-convention-center/ One thing to remember is most of these homes are available NOW on the MLS database and I have […]

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Becky Becky Wyatt  
REALTOR®
HomeSmart Real Estate
480-383-9209 phone
888-855-4817 e-fax
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