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Clocking In

Auction-goers find deals on luxury homes

04/30/2008 11:05 AM
csmythe

Three luxury homes on Tucson’s North Side sold for hundreds of thousands below their listing prices at an auction on Saturday.

The homes, located near North Country Club and East Fort Lowell roads, sold for prices ranging from $396,000 to $519,750, said real estate broker Stewart Larsen, who handled the auction. The previous listing prices ranged from $622,000 to $769,000.

The event on Saturday drew about 50 people, but only 12 registered to bid, Larsen said. Two home sites at the development, The Commons on Allen Road, were also up for sale at the auction, but had no takers, Larsen said.

Larsen, who specializes in auctions, said he doesn’t mind if the events draw many onlookers who aren’t bidding. “At least it exposes them to an opportunity that have to go this route,” he said.

Larsen said he will likely be handling more auctions in the Tucson area in the near future.

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About 'Clocking In'

'Clocking In' is the joint blog of the Star’s Business news staff. We're punching out news tips, outtakes and other morsels for people with an appetite for local business, consumer and workplace news. Have some news of your own to share? Be sure to drop us a line using one of the e-mail addresses below.




'Clocking In' authors


Norma Coile
Business Editor
Phone: 573-4102
E-mail: ncoile@azstarnet.com


Josh Brodesky
Real estate reporter
Phone: 573-4178
E-mail: jbrodesky@azstarnet.com


Dale Quinn
Consumer issues and health-care industry reporter
Phone: 573-4197
E-mail: dquinn@azstarnet.com


Dan Sorenson
Employment and entrepreneurship reporter
Phone: 573-4185
E-mail: dsorenson@azstarnet.com


Tim Steller
Senior reporter
Phone: 807-8427
E-mail: tsteller@azstarnet.com

Enric Volante
Aerospace and technology
Phone: 573-4129
E-mail: rvolante@azstarnet.com


David Wichner
Assistant business editor
Phone: 573-4181
E-mail: dwichner@azstarnet.com