SOURCE: John Dixon & Associates
ATLANTA, GA--(Marketwire - Aug 1, 2012) - Last week's auction of approximately 40 properties signals an upturn in the real estate market, with a strong group of live and online bidders competing vigorously in an event that brought a total of more than $4 million.
"Things are definitely improving based on the number of bidders seeking to build up their portfolios in anticipation of a strengthening economy," said John Dixon, president of Atlanta-based John Dixon & Associates, which conducted the auction for a major regional bank.
Most of the properties were located in the southern metro Atlanta area, including Fayetteville, Palmetto, Stockbridge and the Peachtree City area.
"It was standing room only, with about 80 bidders in the room and another 70 participating online," said Dixon. "Demand was strong across the board, whether on a restaurant, office buildings, retail or residential home sites. Best of all, we put a lot of properties in the hands of individuals who will be positioned for the better times ahead," said Dixon.
The auction was held Thursday at the Quality Hotel Conference Center.
John Dixon Associates, based in Atlanta, is a leading auctioneer of commercial property, residential property and land throughout the United States. Individuals seeking additional information may contact the auction company at 770-425-1141. More auction information.