Slowdown Drives HI's RE Auction.

The article reports that Elite Pacific Properties organized a multiproperty auction that was held at the Hawaii Convention Center in Waikiki on July 14, 2007. It auctioned over 20 different properties that compresses the typical real estate marketing process in a shorter time period. The sellers expected to bid above the minimum, while buyers are turned out hoping for a good deal. It could also be noted that it conducted individual sealed bid property auctions early in 2007.