Woodlands, Texas Property Sold at Auction in Record Time

Supreme Auctions Under Contract in 10 Days at Highest Square-Foot Price in Recent History in cooperation with Gary Giles of Keller Williams Realty - The Woodlands

May 19, 2015, 15:08 ET from Supreme Auctions

THE WOODLANDS, Texas, May 19, 2015 /PRNewswire/ -- In the first luxury real estate auction to be held in The Woodlands, Texas, Supreme Auctions is under contract on Colonial Haven in just 10 days, selling the property at the highest square-foot price in recent Woodlands history. The sale completed prior to the auction for a total sale price of $5.35 million, or $453.77 per square foot. This being the third-highest priced property to sell in the upscale neighborhood in years.

Colonial Haven, an exquisite five-bedroom residence overlooking the 18th fairway of the Jack Nicklaus Signature golf course in Carlton Woods became the first no-reserve luxury auction to be held in the community. The sellers chose this option because their goal was to complete the sale within 60 days rather than 2–4 years, which is the typical timeline for traditional luxury real estate. Needless to say, the sellers were extremely happy with the outcome.

As Gary Giles, the luxury listing agent with Keller Williams Realty – The Woodlands who partnered with Supreme Auctions on this transaction, stated, "This was a 10+ experience, not only for me but also for my clients. When they signed the purchase contract, my clients said this is the only way they would ever consider selling a luxury home in the future. I look forward to working with Supreme Auctions again soon to help another seller market their luxury home to a completed sale in 90 days or less."

That 90 days turned into just 10 when the proprietary marketing formula that Supreme Auctions implements reached around the globe to find an international buyer who made a pre-auction offer that was accepted by the sellers.

Maverick Commins, CEO/Chairman at Supreme Auctions shared his thoughts on this landmark success: "Our entire team is very excited about our recent record-breaking sale of this luxury property in The Woodlands, Texas. The sellers selected Supreme Auctions to bring the highest market price available, and we were able to accomplish that in less than 10 days. Listing Agent Gary Giles had the foresight to recommend our luxury auction program after hearing that it took his clients three years to sell their last home through traditional methods. We are happy to have exceeded their expectations."

Supreme Auctions conducts luxury real estate auctions around the globe, visit supreme-auctions.com for more details, or call 866-929-2243.

About Supreme Auctions
A leader in luxury real estate property auctions, Supreme Auctions provides a proprietary accelerated marketing service unique to each distinctive property the firm represents and sells. Through 13 offices across the US, from New York to Hawaii, and an office in Costa Rica and London, UK, the firm's dedicated team of auction-marketing professionals shares decades of expertise and knowledge with integrity. Supreme Auctions provides the highest level of service to both sellers and buyers of luxury real estate by combining a thorough knowledge of both technology and marketing resources.

Contact: Jennie Heal, jennie@supreme-auctions.com, 866-929-2243

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