Home › Business › More Business
Nearly 300 foreclosed homes sold
Published August 9, 2007 at midnight
Two auction houses sold almost 300 foreclosed homes last weekend in Denver.
"Two hundred and eleven properties went on the market, and we sold 200," said Rob Friedman, president of Real Estate Disposition Corp.
"The sellers (banks) were happy that we sold them but not quite at the numbers they would like to have seen," Friedman added. "We had good numbers, but not quite the dollar volume they were hoping for."
While a nondisclosure agreement prevents him from releasing specifics about individual home prices, he said they ranged from $20,000 to $585,000, and the average price of a home sold was $147,000.
Meanwhile, Hudson & Marshall sold 92 percent of the 90 homes that it placed on the auction block. The selling prices ranged from $57,500 to $515,000. It plans another auction in Denver in about three months.
Back to Top
