ATLANTA, GA (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.