Buena Vista To Auction Off Homes Over 2 Days

The sale will happen over December 15th and 16th hoping to sell "approximately 200 new homes as well as 30 leased homes targeted to investors." They call the builder innovative a few times but it sounds desperate. "Communities include: Beaverton, Happy Valley, Hillsboro, Sandy, Bend and Scappoose."

I will try to be there just to see what happens. West Portland sold 197 RMLS listed homes in October. This fire sale will put an interesting skew to the numbers. Not all builders list on the RMLS.

"Earlier this year Buena Vista earned national attention for its unique financing program that paid a portion of buyer's payments for two years. Buyers were able to purchase a 5,000 square foot home in Happy Valley for $950.00 per month. The program resulted in spiked sales."

Obviously it will take some Buyers out of the market as new homes typically trumps existing homes.