The auction was held in Salt Lake City, Utah. The buyer was located in St. George, Utah. Online bidding is easily accessible to anyone, anywhere. You can view the instructions in detail at www.auction.com or you I’d be happy to help you out.
I recorded this auction of a cabin located in Brian Head for you to experience.
719 S Snowflake, Brian Head UT 84719
1994 1388 sq ft. 2 bedroom, 2 bath. No garage. Located within 200’ of the new ski lifts.
First Listing
| 4/3/2009 | Withdrawn | $375,000 |
| 3/5/2009 | Price Reduction | $375,000 |
| 12/19/2008 | Price Reduction | $419,000 |
| 4/06/2007 | Listed | $550,000 |
Property was foreclosed due to non payment by owner.
Second Listing
| 11/07/2009 | Withdrawn | $257,000 |
| 8/05/2009 | Price Reduction | $257,000 |
| 5/05/2009 | Listed | $267,000 |
Several offers were made to seller (bank) in the $200k range yet no interest in lowering the price.
Auction Outcome
| 11/09/2009 | Winning Bid | $160,000 |
| Mid Bidding | $100,000 | |
| Starting Bid | $59,000 |
The overall sales price was 71% of the original list price in 2007. Almost a 28% annual decline.
