{"id":14442,"date":"2018-11-19T14:48:07","date_gmt":"2018-11-19T14:48:07","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=14442"},"modified":"2018-11-19T14:48:08","modified_gmt":"2018-11-19T14:48:08","slug":"get-ready-for-luxury-real-estate-to-hit-the-auction-block","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/get-ready-for-luxury-real-estate-to-hit-the-auction-block\/","title":{"rendered":"Get ready for Luxury Real Estate to Hit the Auction Block"},"content":{"rendered":"

Get ready for Luxury Real Estate to Hit the Auction Block<\/h2>\n

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\"Get<\/a>

Get ready for Luxury Real Estate to Hit the Auction Block<\/p><\/div>\n

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Real estate auctions have largely been considered an option for unloading foreclosures and distressed homes, but it\u2019s becoming a growing option in the luxury market. The number of multimillion-dollar homes that have sold at auctions in the past year has nearly doubled, CNBC reports.<\/p>\n

What is the most expensive home on record to have hit the auction block?\u00a0CNBC reports that Playa Vista Isle, an estate that stretches more than 58,000 square feet in Hillsboro Beach, Fla., was listed in 2014 for $139 million. It was the priciest home listed in the country at the time. The price tag later jumped to $159 million before it was eventually pulled from the market in 2016. The oceanfront home features 11 bedrooms, 22 bathrooms, a private IMAX theater, a 3,000-bottle wine cellar, and a 20-car garage. The property owners will try once again to sell the estate but this time will use an auction. The auction for the home started Monday at ConciergeAuctions.com<\/a> and concludes Thursday night.<\/p>\n

Concierge Auctions, which caters to luxury real estate auctions, says it plans to sell at least 20 homes this year that will be listed for more than $10 million. That is double last year\u2019s total, they say.<\/p>\n

\u201cThe trend for high-end real estate going to auction is definitely on the rise,\u201d Laura Brady, CEO of Concierge, told CNBC. \u201cWe\u2019re seeing more sellers across the country than ever before, especially in the $10 million, $20 million\u2013plus, and even $100 million\u2013plus category.\u201d<\/p>\n

With the buyer pool being so small for these ultra-luxury properties, some owners are turning to auctions to try and get the homes sold faster.<\/p>\n

However, auctions for high-end real estate aren\u2019t always successful. For example, basketball all-star Michael Jordan put his Chicago estate up for auction in 2012, but failed to get his minimum price. The home is still on the market.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cBidding Is on for the Most Expensive Home Ever to Hit the Auction Block<\/a>,\u201d CNBC (Nov. 13, 2018)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Get ready for Luxury Real Estate to Hit the Auction Block   Real estate auctions have largely been considered an option for unloading foreclosures and distressed homes, but it\u2019s becoming a growing option in the luxury market. The number of multimillion-dollar homes that have sold at auctions in the past year has nearly doubled, CNBC … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-14442","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nGet ready for Luxury Real Estate to Hit the Auction Block - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/get-ready-for-luxury-real-estate-to-hit-the-auction-block\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/get-ready-for-luxury-real-estate-to-hit-the-auction-block\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/get-ready-for-luxury-real-estate-to-hit-the-auction-block\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Get ready for Luxury Real Estate to Hit the Auction Block\",\"datePublished\":\"2018-11-19T14:48:07+00:00\",\"dateModified\":\"2018-11-19T14:48:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/get-ready-for-luxury-real-estate-to-hit-the-auction-block\\\/\"},\"wordCount\":361,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/get-ready-for-luxury-real-estate-to-hit-the-auction-block\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/11192018.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/get-ready-for-luxury-real-estate-to-hit-the-auction-block\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/get-ready-for-luxury-real-estate-to-hit-the-auction-block\\\/\",\"name\":\"Get ready for Luxury Real Estate to Hit the Auction Block - 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