FIRE SALE! Riverstone Auction Postponed, Starting Bids Lowered Dramatically!

By
Real Estate Agent with Keller Williams Realty Coeur d'Alene AB37665

There has been a lot of buzz around town about the big auction of luxury condos at the beautiful Riverstone  development.  Last month I posted the first press release about the auction.  The original date set for earlier this month was pushed back, and I just received a email flyer that announced the starting bids have been drastically reduced.  If you or someone you know would like a great investment property at fire sale prices, please give me a call.  This is an unfortunate sign of the times, and of bad timing and over-building.  Nevertheless, Riverstone is a class development in a stellar location and A GREAT PLACE TO LIVE! 

Riverstone Condo Auction Coeur d'Alene

 

Posted by

Janna Rankin Scharf provides a superior level of real estate service to home buyers and sellers in Coeur d'Alene and Kootenai County, Idaho. Visit www.JannaScharf.com for area information and to search for all homes in the Coeur d'Alene Multiple Listing Service. 

No matter how grand or modest your real estate dreams may be, you can turn to me in confidence.  Give me a call today so I can  be of service to you!

Janna Rankin Scharf AB, GRI, CLHMS, PMN, SFR  208.651.9700

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Comments (6)

Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Hi Janna--Best of luck selling each and every one of these at the auction.  I simply cannot believe the price reduction--I had to go back and read those numbers again.  Simply SHOCKING!  Also, thanks for always being your positive self in your comments--I see you on others' blogs and you are such a bright spot here on AR--you ARE appreciated!

Have a wonderful weekend...

Debe in Charlotte

Jun 26, 2009 01:39 PM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

That's kind of strange that they would postpone the auction AND lower the prices. Around here they'll have the auction and if stuff doesn't sell, they'll have another auction with lower prices.

Jun 27, 2009 10:59 AM
Anonymous
Dennis Hinrichsen

Have all the local contractors been paid for their services and supplies on this project.  

Seems like the developers and their municipal agents will come out on top.

Is there any guarantee that the association fees dramatically increase?

Dec 07, 2009 01:55 AM
#3
Anonymous
Leonard A. Wells Jr.

More info. and pictures on Riverstone please !

Jul 05, 2010 07:53 AM
#4
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

Hello Leonard!  You stumbled upon my Riverstone Auction post from LAST July, 2009.  That auction was postponed, but eventually was held, along with a second one on another phase of the development, and recently an auction of the commercial property at Riverstone.  So, although you missed the auction, there are still condos available at auction prices.  Give me a call or send me an email if you would like more information and I will gladly forward it to you!

Jul 05, 2010 10:36 AM
Anonymous
Leonard A. Wells Jr.

Yes, Please send more info. on other offerings

Jul 05, 2010 11:25 AM
#6

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