Florida panhandle properties sell for $1.7 million in John Dixon auction

TALLAHASSEE, Fla., June 26, 2013 /PRNewswire/ -- A standing-room-only crowd of real estate investors, individuals and other bidders jammed into a ballroom at Tallahassee's Hotel Duval Tuesday for the auction of 61 properties for Centennial Bank.

The properties -- including condominiums, homes and home sites -- brought a total of $1.7 million, according to Buddy Lee, who manages Florida operations for John Dixon & Associates.

"We had more than 180 registered bidders competing for the properties. There was a lot of excitement in the room, and I think the bidders who were participating via the Internet were picking up on that energy as well. This type of Internet bidding broadens the market and creates more demand, and we could see that Tuesday," said Lee.

Auction company president John Dixon said the large turnout may reflect a growing conviction that the recent gains in real estate prices will continue.

"Home prices just showed the biggest month-over-month gain since 2000, and they've been rising steadily for more than a year. Investors, individuals, builders and others are realizing that the bargains around now won't last forever," said Dixon.

Dixon said improving demand may also entice more sellers to offer more real estate at auction. "We've been doing a lot of sales of bank-owned properties, but there are many other property owners who are seeing the results of our auctions and considering the method themselves. This includes everyone from individual owners of homes and condominiums to institutional property investment firms," said Dixon.

Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.

John Dixon & Associates, headquartered in Atlanta with offices in Tallahassee, Fla., and Chattanooga, Tenn., is a leading auctioneer of real estate owned by banks, individuals and investors throughout the United States.

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

SOURCE John Dixon & Associates

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