Saturday, February 21, 2009

Luxury Condo Auction Draws Interest in California

Despite the recession and financially hard times, some folks are heading over to Newport Beach, California to check out The prospect of buying a home by auction for a fraction of its previously selling price.

As the builder closeout auction of the last remaining units at Brava, a Palm Desert gated community quickly draws to a close; excited buyers scramble to visit the properties, secure financing and develop their strategy to ensure a successful bid.

Since its mid-December launch by the LFC Group of Companies, a leading online real estate auction firm, the Brava condo auction on the Freedom Realty Exchange(R) website has steadily seen over 200 people a week visiting the community.

This magnitude of the response is amazing in good economic times, but is nearly unheard of in this current housing climate. Vincent Barbato, one of the Principals of Brava's home builder, Family Development, notes with amazement: "Even back when we first put Brava on the market we didn't see this kind of a turnout. Having hundreds of people each week is an incredible feat, something that's really creating a buzz. People just can't believe that at a time like this we are getting so many interested visitors."

Brava is a luxury gated community featuring unique architectural design, inspired by the charming, rustic villages of Tuscany. With an ideal location at the prominent crossroads of Country Club Drive and Monterey Ave., Brava lives up to the area's impressive standards by offering numerous amenities, all of which encourage a healthy, active life for residents. Two pools, a clubhouse, a fitness center, "Toscana" paver streets, and immaculate landscaping all afford residents the opportunity to live a truly Southern California, country club lifestyle without the exorbitant association costs that most Palm Desert communities demand.

The 17 condominiums ranging in size from +/-1,865 to +/-2,200 square feet, feature gourmet kitchens equipped with stainless steel appliances, a cooking island, and full pantry, spacious living areas, and 2-3 bedrooms.

Situated in the center of the Coachella Valley, Brava is close to countless golf courses and resorts, as well as impressive mountains and lakes, local restaurants, shopping centers, and cultural centers.