ATLANTA, Oct. 11, 2013 /PRNewswire/ -- Buyers snapped up 52 bank-owned properties Wednesday for $4.46 million in a John Dixon & Associates auction that could point to growing strength in the real estate market.
"There's no question that bidders are turning out in greater numbers, and bidding more aggressively, because they realize that prices are going up, and they want to acquire these properties while they can," said John Dixon, president of the auction company.
The auction attracted about 175 to the Robson Event Center in Gainesville for the auction of real estate in 22 Georgia counties, primarily to the north and northeast of Atlanta."We had about 80 actual registered bidders live, and another 80 listening to the auction and bidding on the Internet. About half the properties sold to Internet bidders," said Dixon. "We're seeing a broader base of buyers, including large and small investors as well as people buying for their own use, such as home sites. It'll be interesting to see if this trend holds up in our next few sales," he said. Those sales include a series of auctions Oct. 22, 23 and 25 in Atlanta, Montgomery and Orlando. Details of those and other auctions may be found at www.johndixon.com or by calling 770-425-1141. John Dixon & Associates, based in Atlanta, with offices in Tallahassee and Chattanooga, is a leading auctioneer of commercial and residential properties, including homes, home sites, land and other real estate owned by banks and individuals. For more information: Carl Carter, 205-823-3273 SOURCE John Dixon & Associates