Bid4Assets is bragging that they sold $239m in California real estate online since 2000, and $40m in 2006 alone.
gee – right now there are 27,930 residential properties listed on Trade Me. At an average price of $300,000 per house that’s $8.379 billion worth of real estate listings. Kinda makes that US$239m in 6 years seem rather small.
I’m not going to go through and count (or cheat and state) the number of TM Property auctions, but it’s a relatively small part of that very big number.
What’s $239m in California real estate anyway…about 3 houses?
It goes to show that when looking for a property, people go online. Gone are the days that they look through newspapers.