Comments on: Tucson Condo Conversions – Auction Details and Investor’s Insight

By: Anjelina

Anjelina — Sun, 17 Jan 2010 09:01:15 +0000

Dear Malcolm, the Auctions I referred to are not associated with government, taxes or foreclosures. Those Auctions are set-up by and between the owner and Auction company to sell the inventory in one shot, liquidating most of it promptly and helping the owner to get out of the project he doesn’t want or can’t afford to be in.

By: Malcolm Ray

Malcolm Ray — Sat, 05 Dec 2009 07:20:59 +0000

Can you tell me the type of auction you are referring to in your article? Are these govt (county) tax foreclosures? Thanks

By: Swine Flu in Tucson, Arizona?

Swine Flu in Tucson, Arizona? — Thu, 30 Apr 2009 07:11:07 +0000

[...] As such, just to be on the safe side, we are keeping kids at home since Monday. I have cut my participation in any meetings and didn't even go to the "Villas at Sabino Canyon" Condominiums Auction. [...]

By: Anjelina

Anjelina — Thu, 30 Apr 2009 05:04:52 +0000

Dear Dan and Mike,
Thanks a lot for posting the information about yesterday’s auction. Up until 5:30 p.m. I was debating if I should go to see it for myself, as I did last year. However, the concern of Swine Flu and expectation to see a few hundred people at the Auction played an important role. After all, I have 3 kids at home and the youngest one is only 5 months old. Meanwhile, the proximity of Tucson, AZ to Mexico is almost ensures that there will be at least a few cases of Swine Flu.
As such, I am very grateful to get any pieces of information about April 28, 2009 Condo Auction online and if there is anything else you’d want to share – please do so.
Regards,
Anjelina

By: Anjelina

Anjelina — Thu, 30 Apr 2009 04:48:19 +0000

Here is the comment I got from Dan Hill – http://foothillshomesblog.com/catalina-foothills-insider/#comment-5810:

April 29, 2009
Dan Hill @ 12:47 pm

I clicked on your Villas at Sabino Canyon Aution report and could not understand how you could be so off on the high bids until I saw that the auction you were writing about was in May of 2008, not the one last night (April 28, 2009). If the May prices were a great deal, words are not yet invented to desctibe the low winning bids of last night. A fully remodeled 3 br / 2 bath condo for 120K. A 3 br that was mostly redone (needs carpet and ligh fixtures) for 85K, that is the one we got. And many of the 2 br /2 bath for 72.5 K. Some buyers bought as many as 6 units but they just auctioned off 16 and thenn closed the sale. Those of us who were there got a great deal. I was in Tulsa on the phone all the time with my agent in Tucson and she said about 80 people were there tops. If they have another one, my advice, GO.

By: Mike

Mike — Wed, 29 Apr 2009 03:08:40 +0000

They went on an auction today for 72k and up, most being sold in the mid 70’s.

By: Kathleen

Kathleen — Mon, 27 Apr 2009 22:50:06 +0000

Can you comment as to the prices at Sabino Canyon Villas sold last year and may this year. I have looked everywhere to find the price ranges. They seem to be hidden which makes it difficult for out of town in vesters. Nobody has returned calls.

Thanks