New Luxury Residence in The Strand at Headlands in Dana Point, California Sold at Auction April 17 and Closed May 12

Concierge Auctions Sells 7 White Water Lane - Auction of 9 White Water Lane on Thursday, May 20

PRNewswire
DANA POINT, Calif.
May 12, 2010

Concierge Auctions (www.conciergeauctions.com), the leading luxury real estate auction company, successfully sold and closed 7 White Water Lane in Dana Point, California, announced George Graham, CEO of Concierge Auctions. The new residence, located in one of Orange County's most premier oceanfront communities, sold at auction on April 17 and closed on May 12. Neighboring 9 White Water Lane is scheduled for auction on May 20.

"The sale and closing of 7 White Water Lane is significant amidst today's challenging market," stated Kelly Burt, the seller of 7 White Water Lane. "After less than 60 days of exposing the property to a global audience, Concierge Auctions identified a number of qualified prospects and ultimately found new owners who are wonderful additions to the community. Buyers interested in the next best opportunity in the area should take notice of the May 20th auction of 9 White Water Lane, which will sell to the highest bidder at or above $7.9 million."

As a preferred auction provider to Sotheby's International Realty, Concierge Auctions was pleased that both parties in the transaction were represented by Coast Sotheby's International Realty: listing agent Kindy Slagle, and buyer's agent Nick Church.

"Our partnership with Concierge Auctions on the sale of 7 White Water Lane resulted in 157 buyer prospects and over 9,000 website visitors from 48 states," stated Bob Chapman, Broker/Owner of Coast Sotheby's International Realty. "This outcome is outstanding for this caliber of property and is a testament to Concierge Auctions' innovative processes, well-rounded team, and qualified buyer and agent following. We look forward to working with their team again on the upcoming auction of 9 White Water Lane, and we are also suggesting their program to other Orange County sellers."

"The auction process was very transparent and streamlined," stated Church. "The Concierge Auctions team guided me and my clients every step of the way - from viewing and inspecting the property to registering to bid. Ultimately they (the buyers) were extremely satisfied by their purchase and decided to close escrow prior to the scheduled closing date. I definitely look forward to working with the Concierge Auctions team in the future."

"We are pleased to be growing our presence in Southern California, as well as other locations nationwide," stated Graham. "In today's market, traditional brokerage processes alone pose significant challenges for sellers who want or need their properties closed by a certain date. In most cases the signing of a contract is only the beginning of the negotiations; as inspections, mortgage contingencies and other stipulations open the seller up to re-negotiations throughout the entire contract period. In the Concierge Auctions process, the signed contract is the end of the negotiations. Our auctions unite real buyers and real sellers, allow value to be identified in a transparent atmosphere, and produce non-contingent contracts with buyers who are confident in their purchases. It is a win-win for all parties involved."

The auction of 9 White Water Lane at The Strand at Headlands in Dana Point, California will be held on Thursday, May 20 at 11am PDT. The sale will be conducted in conjunction with Coast Sotheby's International Realty, with full cooperation to the brokerage community. The property is available for preview Saturdays and Sundays from 1pm to 4pm, and daily by appointment. For more information, visit www.TheStrandAuction.com or call 877-214-3785.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide. A leading provider of services for individual and institutional owners of luxury residential real estate, Concierge Auctions is revolutionizing the industry by offering an accelerated marketing process that obtains fair market value for high-end properties in a determined time frame. Building on a centuries-old method for selling the finest art and antiquities, the company combines the latest technologies and marketing programs with experienced personnel to generate the maximum value for the most premier properties in an open, competitive forum. As a preferred auction provider to Sotheby's International Realty® and other luxury brokerage firms, the company has executed auctions throughout the country, from New York to Hawaii. The company's database includes more than 10,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years. For more information on Concierge Auctions and its services, call 888-966-4759 or visit www.ConciergeAuctions.com.

About The Strand at Headlands: Nestled between Laguna Beach and San Clemente, The Strand at Headlands is situated on Southern California's last undeveloped beachfront property along the Pacific Ocean. The community offers the finest luxury amenities to an exclusive group of homeowners amongst 121 acres of pristine beachfront terrain, including the private Beach Club, a 90-room luxury resort and spa overlooking Dana Point Harbor; 24-hour gate guarded security; miles of hiking trails; and adjacent park and conservation areas. With over 42 miles of stunning coastline boasting breathtaking views of sunsets and crashing waves along radiant white sand beaches, rocky coastal bluffs and gorgeous villas perched atop lush rolling hills, this stretch of the Southern California Coast is the jewel of Orange County. In addition to its natural beauty, the area offers one of the world's most desirable climates, a plethora of cultural venues, five-star dining, world-class beach resorts, championship golf courses, and numerous recreational activities.

First Call Analyst:
FCMN Contact:

SOURCE: Concierge Auctions

CONTACT: Joshua Greenwald, +1-212-843-8037, Rubenstein Public Relations,
jgreenwald@rubensteinpr.com

Web Site: http://www.conciergeauctions.com/