The nation’s top-selling real estate group recently launched a live auction site designed to speed the selling process. The Newport, Calif.-based McMonigle Group recently started the 90-Day Certain Sale program, accounting for a 60-day marketing period and a 30-day escrow. As of press time, 17 properties were on www.90daycertainsale.com, with “Buy It Now” prices as high as $8.2 million and bids as high as $2.5 million. Property prices are reduced by a set percentage each week for every week they remain unsold, for up to eight weeks.
Outside of Orange County, the name of this California superstar might not be recognizable, but John McMonigle is fast becoming a legend in luxury real estate. Recently acclaimed as the top-producing agent in the nation for NRT, Coldwell Banker’s parent company, McMonigle and his team sold more than $201 million of residential real estate in 2004 with a total of more than $600 million in the past five years. Known for impeccable customer service, McMonigle’s savvy networking extends his influence well beyond his home base.