River Valley Ranch in Carbondale property owner Dan Bruder spent six months researching the auction market and had resigned himself to losing money on the deal by selling it at auction. But he wanted to maintain the sale price at a minimum threshold of $950,000, and believed, based on recent RVR sales, that it should fetch more than $1 million. Bruder would not say what the highest bid was, just that it was “not sufficient” and that the auction process is now over.
ASPEN REAL ESTATE -Two recent residential real estate auctions ended up with completely different results. A custom home in Carbondale’s River Valley Ranch (RVR) neighborhood failed to sell at an auction last Thursday, while bidders bought up all 14 lots from a Rifle-area ranch five days earlier.The Roaring Fork Valley has seen more than the usual amount of auction activity recently, which many in the industry believe is a result of people using additional tools to market property in a down economy.
By Catherine Lutz, Sept. 4, 2010 Aspen Daily News
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