This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Two Georgia Real Estate Auctions Bring $5.7 Million

ATLANTA, April  19, 2013 /PRNewswire/ -- Buyers continued to turn out in force this week as John Dixon & Associates  sold approximately 480 bank-owned Georgia properties for a total of more than $5.7 million.

The properties included scores of home sites, commercial properties, land and other real estate in the Atlanta metro area and central Georgia.

The first sale, held in Braselton on Tuesday, April 16, attracted approximately 75 registered bidders in person, with another 65 bidders participating online.  The properties -- concentrated in the eastern side of the Atlanta metro area -- sold for just over $4 million.

The second, held on April 18, included commercial and residential properties located primarily between Atlanta and Macon. That sale attracted a crowd of 34 bidders in person, with another 48 bidders participating online.

"You can really sense the momentum and a sense of growing optimism about the economy and the real estate market," said John Dixon, president of the auction company. "Smart real estate investors are building up their portfolios of commercial properties to sell or lease. Builders are obtaining lots on which to build homes. Families are buying homes. And the banks are turning their inventories of real estate into cash, so everybody benefits," said Dixon.

It was the second week of strong sales for John Dixon. A pair of auctions on April 10 in Atlanta and Pensacola, Fla., on April 11 brought a total of $5 million for properties in Georgia and Florida.

John Dixon & Associates, based in Marietta, Ga., is a leading auctioneer of bank-owned properties throughout the United States.

http://www.johndixon.com

For more information: Carl Carter, 205-823-3273

SOURCE John Dixon & Associates

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs