SOURCE: John Dixon & Associates

John Dixon & Associates

May 30, 2012 11:22 ET

Georgia Real Estate Sells for $2.125 Million in John Dixon Auction

ATLANTA, GA--(Marketwire - May 30, 2012) - Approximately 300 properties -- most of them foreclosed real estate owned by lenders -- sold in a two-day auction May 23-24 in Atlanta, with John Dixon & Associates conducting the sale.

By the end of the second day, the total reached $2.125 million. "We exceeded our expectations, and our sellers were pleased," said John Dixon, president of the company. The auction included properties owned by several banks, as well as some owned by investors.

The auction attracted strong crowds of bidders both days, with active bidding on properties, most of which were located in metro Atlanta and North Georgia. Almost half of the properties went to online bidders who listened to the live auction and entered their bids via the Internet, according to Dixon.

"The market for commercial and residential properties continues to strengthen, and we're consistently getting solid results for our sellers. This sale included office buildings, commercial and residential land, lots, homes and other properties. Investors are figuring out that the market is turning, and they're building up their portfolios while they can still do so at prices that are a fraction of what they were a few years ago," said Dixon.

Online bidding was especially strong, said Dixon. "The amount of real estate selling to online bidders varies from one sale to the next, but it was considerable in this case because we had a lot of bidders from North Georgia who chose to bid online rather than drive to Atlanta," he said.

Individuals seeking additional information on the properties may visit or call 800-479-1763.

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

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