Arizona Discount Travel Blog

Economy is so bad – Ebay to start auctioning Real Estate

By Barbara E. Hernandez – Mercury News – April 25, 2008

Remember how everyone scoffed when eBay started car auctions?

Well, soon they might be your realtor …

Two auctions in the East Bay next week show that developers and builders are eager to sell off their slow-moving homes.

Vista Del Mar’s neighborhoods range from 1,560 to 3,665 square feet and feature fireplaces, tile entry ways, master suites and walk-in closets. Homeowner association fees are $132 a month for the Villages only.

Minimum bids start at $265,000 for 1,560-square-foot homes at the Villages. The homes were priced previously from $470,990 to $836,044.

Builders will continue to start new homes on a very limited basis


April 27, 2008 - Posted by | In the news

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