GAINESVILLE, GA—Large crowds gathered at a series of auctions held over three held here and in Greenville, SC and Savannah, GA where a total of 108 properties were traded for a total of $8.25 million.
John Dixon, president of auction company John Dixon & Associates, says that rooms in all three locations were filled to capacity with live bidders. The Marietta, GA-based auction firm, which conducted the auction, notes that there was also online bidding for the properties.
"We had a good number of high-quality properties, and that makes a difference. Among those selling were a medical office building in Duluth, (GA), a multi-tenant retail property in Chesnee, SC, and some townhouses in Savannah, as well as some other commercial and residential properties and land," Dixon says.
"We actually had more registered bidders online than in person for these three events, and 41% of the properties sold to bidders who were participating online,” he adds. “This really allows more people to participate without travel, and that translates into better results for our sellers."
John Dixon & Associates has scheduled auctions of more than 400 properties throughout the Southeast on June 24-26. Further details have yet to be announced by the firm.
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