SHELDON GOOD & COMPANY SELLS ALL 7 VACATION PROPERTIES
DURING ONE-DAY NATIONWIDE REAL ESTATE AUCTION
DENVER, CO – Sheldon Good & Company sold seven residences located in premier vacation and second home communities in California, Colorado, Florida and New York City during a successful one-day real estate auction that yielded more than $4 million in sales.
More than 200 prospective bidders registered for the event which was conducted simultaneously in both Denver and New York City to meet the considerable demand generated in multiple markets, according to Sheldon Good & Company, A Racebrook Portfolio Company.
The auction was part of the Chapter 7 Bankruptcy liquidation of High Country Club — one of the country’s largest members-only destination clubs focused on popular resort markets.
Notably, 61% of the registered attendees actively participated in the bidding, an upward trend which lends credence to the ability of a well-executed auction process to attract quality purchasers, notes Jim MacDonnell, Executive Managing Director at Sheldon Good & Company.
“While each property offered an exceptional location in a sought-after resort getaway, the broad geographic range presented a unique challenge that required us to attract a pool of serious bidders from major markets in both the United States and Canada,” explains Mr. MacDonnell.
“We created a strong marketing campaign that stressed the desirability of these homes as resort destinations and the value associated with a real estate auction. This approach quickly created heavy interest throughout the United States and beyond; so much so that we opened the auction up to bidders online via Proxibid and added the second auction location in New York City just weeks before the auction date. Drawing a broad range of qualified bidders proved to be a key to the success of the auction, exemplified by the fact that a home in Mammoth Lakes, CA was purchased by a buyer in New York City and the winning bid for a home in La Costa, CA came from an online bidder in British Columbia.”
The seven assets sold during the auction included,
* A 1,794 sq.-ft. two-bedroom, 2 ¾-bath Villa located at the La Costa Resort and Spa in Carlsbad, CA.
* A two-bedroom, two-bath condominium at the Grand Sierra Lodge, a four season retreat in the midst of the Sierra Nevada Mountains in Mammoth Lakes, CA.
* In the heart of Arrowhead, CO, a furnished 1,305 sq.-ft. two-bedroom, two-bath condominium in the Aspenwood Lodge, a world-class destination surrounded by Beaver Creek, Arrowhead, and Bachelor Gulch ski areas and minutes to the renowned Vail Mountain Ski Resort.
* A spacious 2,259 sq.-ft. four-bedroom, 4 ½-bath, furnished single-family home situated on the 2nd hole of the Breckenridge Golf Club and Nordic Center in Breckenridge, CO.
* A 1,925 sq.-ft. three-bedroom, three-bath townhome situated in Settlers Creek, a popular resort destination minutes from the Keystone Ski Area and adjacent National Forest in Keystone, CO.
* A 1,832 sq. ft. three-bedroom, three-bath condominium located in the Villas at ChampionsGate, a 1,500-acre master planned resort community just southwest of Orlando in ChampionsGate, FL.
* A furnished 668 sq.-ft. one-bedroom, one-bath condominium at 1600 Broadway On The Square in the heart of New York City with views of Times Square.
About Sheldon Good & Company
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