{"id":13172,"date":"2019-04-16T15:21:22","date_gmt":"2019-04-16T19:21:22","guid":{"rendered":"https:\/\/platinumluxuryauctions.com\/?p=13172"},"modified":"2019-04-16T15:21:22","modified_gmt":"2019-04-16T19:21:22","slug":"platinum-luxury-auctions-posts-top-of-market-prices-with-recent-sales-in-yelm-wa-cabo-mex","status":"publish","type":"post","link":"https:\/\/platinumluxuryauctions.com\/platinum-luxury-auctions-posts-top-of-market-prices-with-recent-sales-in-yelm-wa-cabo-mex\/","title":{"rendered":"Platinum Luxury Auctions Posts Top-of-Market Prices"},"content":{"rendered":"
Miami-based auction house Platinum Luxury Auctions has posted top-of-market sales in its two most recent real estate auctions, according to the firm. On\u00a0April 5<\/span>th<\/sup>, Platinum sold\u00a0a unique equestrian estate in\u00a0Yelm, Washington<\/span><\/a>\u00a0for the highest price year-to-date in the city of\u00a0Yelm<\/span>. The following week, on\u00a0April 13<\/span>th<\/sup>, it sold\u00a0an oceanside estate in\u00a0Cabo San Lucas, Mexico<\/span><\/a>, at a price that is the highest in the oceanfront community of\u00a0Pedregal <\/span>within at least the past 14 months. The price of each sale will not be reported until the transactions close. Both auction sales were held “live” and in real-time on the respective property sites.<\/p>\n <\/p>\n “We have not yet completed running the data, but given our preliminary analyses and the information gathered from our cooperating brokerage partners in each transaction, the sales are likely to hold their top-of-market or near-top-of-market position well into the balance of 2019,” reported David Ashcroft<\/span>, Platinum’s Managing Director. As an example, Mr. Ashcroft noted that prior to Platinum’s Cabo auction on Saturday, the highest sale price within the\u00a0Pedregal <\/span>community during the past 14 months was only\u00a0$1.4m<\/span> – despite the community having many properties for sale priced at 5 to 10 times that amount. He stated the auction price is “far above” that once-leading sale.<\/p>\n Platinum conducted the Yelm<\/span>\u00a0auction in cooperation with listing agents\u00a0Cindy Shorno<\/span>\u00a0and\u00a0Charla Oliver<\/span>, who represented Yelm Real Estate and Engel & V\u00f6lkers Seattle Downtown, respectively, in the sale. In\u00a0Cabo San Lucas<\/span>, the auction house teamed with Snell Real Estate \u2013 also an Engel & V\u00f6lkers affiliate \u2013 represented by listing agent\u00a0Cindy Stanford<\/span>. Platinum and Snell have an existing business relationship centered around Platinum’s luxury auction services.<\/p>\n Located less than 45 minutes from both Tacoma<\/span>\u00a0and\u00a0Olympia, WA<\/span>, the\u00a0Yelm<\/span>\u00a0property was affectionately named\u00a0Trinity Farm<\/span><\/i>\u00a0by its owners. Six bidders gathered on site for the auction, with the winning bidder being described as an equestrian enthusiast from the\u00a0Seattle<\/span> metro area.<\/p>\n The property features an impressive horse training facility with an indoor riding arena, a hot-walking exerciser, several paddocks and extensive bridle trails. Its unique residential quarters feature an “earth-sheltered” design (that is, the structure is built partially into the ground, providing energy efficiency and added structural integrity).<\/p>\n The following week in Cabo San Lucas<\/span>, the seaside town in the southern portion of\u00a0Mexico’s<\/span>\u00a0California Baja Sur, Platinum held an auction for the\u00a0Villa\u00a0Los Amigos<\/span><\/i>, a +11,000-sf estate with beautiful views of the Pacific Ocean and\u00a0Mexico’s <\/span>striking sunsets. The tri-level residence offers an infinity-edge pool and boasts commercial-grade construction.<\/p>\n The villa had been searching for a buyer for more than 5 years before the successful auction sale, which garnered an audience of 3 on-site bidders. “Smaller-audience auctions can still deliver excellent results. It’s very much a quality-over-quantity situation,” Ashcroft noted. Platinum reported that the marketing campaign for the oceanside home generated more than 43,340 global pageviews to the property’s webpage, in addition to 62 formal purchase inquiries during a 6-week marketing period that proceeded the auction.<\/p>\n The purchasers of the property are a husband and wife from California<\/span>, who were actively seeking a new home in Cabo. “They had a lot of options in this market, and the luxury auction was the tool that finally focused their attention on this particular property,” Ashcroft stated.<\/p>\n Platinum now heads into a new cycle of luxury auctions throughout the rest of the United States<\/span>. The firm has already scheduled the sale of fine properties in\u00a0Ligonier, PA<\/span>,\u00a0Manhattan, NY<\/span>,\u00a0Woodstock, NY<\/span>,\u00a0Far Hills, NJ<\/span>\u00a0and\u00a0Santa Fe, NM <\/span>during May and June. Earlier this year, Platinum posted significant sales in the\u00a0Ligonier<\/span>\u00a0and\u00a0Santa Fe<\/span>\u00a0markets ($3.74 million<\/span>\u00a0and\u00a0$6.2 million<\/span>, respectively).<\/p>\n Additional details on these recent and upcoming luxury auctions may be found at PlatinumLuxuryAuctions.com<\/a>, or by contacting a Platinum representative at 800.262.5132.<\/p>\n","protected":false},"excerpt":{"rendered":" Platinum Luxury Auction Reaches Highest Prices with Recent Sales in Yelm, WA & Cabo, MEX Miami-based auction house Platinum Luxury Auctions has posted top-of-market sales…<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_stack_schedule":false},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n