CALGARY – A Calgary-based home builder is putting two luxury homes on the auction block later this month.
Both homes were constructed by Homes by Bellia, and are located in the hamlet of Priddis, just south of Calgary.
The first home, 302 Hawk’s Nest Hollow, is 9,200 square feet with five bedrooms, five full-bathrooms and 1 half-bathroom. It was previously offered for $3,988,000 – and has a reserve of $1.995 million at the auction.
GALLERY: Inside 302 Hawk’s Nest Hollow
The second house, 306 Hawk’s Nest Hollow, is over 5,500 square feet with four bedrooms, four full-bathrooms and 1 half-bathroom. It was previously offered for $2,898,000 – and has reserve of $1.488 million at the auction.
GALLERY: Inside 306 Hawk’s Nest Hollow
Concierge Auctions will be handling the transactions.
The New York City-based company was founded in 2008, and staffs Barbara Corcoran from ABS’s Shark Tank as a strategic advisor.
A spokesperson for the company says typically sellers chose an auction platform for two reasons: they want to sell on their timeframe and they have a unique, high-end property that is difficult to value because it’s not directly comparable to any others.
The homes go to auction at 6 p.m. on July 23rd.
Paul Bellissimo with Homes by Bellia says the decision to auction off the homes doesn’t have anything to do with fears over Alberta’s economic climate.
“I’ve been wanting to do this for the longest time,” said Bellissimo. “I wanted people to recognize the company as a whole, and see the work we do on an international level.”
Newly released figures from Royal LePage do suggest that the sale of some types of residential property is down in Calgary.
However, local Royal LePage broker Ted Zaharko, says local prices have moderated only slightly despite the oil shock and election of a new provincial government.
“The Calgary market has been remarkably stable with only marginal price differences compared to the same period last year,” Zaharko said.
– With files from The Canadian Press
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