Below is an excerpt from a press release from the National Auctioneers Association.  It references an industry trend study that NAA conducts every year.  This is from 2005.  2006 numbers are not in yet.

According to the NAA’s study, auctioneers found opportunities in real estate. Gross revenue from residential real estate auctions grew 8.2 percent compared to the same time last year. The value of all residential real estate sold at auction in 2005 is estimated at $13.1 billion. While revenue from commercial and industrial real estate auctions and vacant land and agricultural real estate auctions remained largely unchanged, real estate auctions remain on pace to top $48 billion in gross revenue for 2005.

While the amount of real estate sold by auctioneers is well behind the amount sold by Realtors, more sellers are looking to the auction method to sell their property.  Quite a bit of this property is sold with Realtor participation and from Realtor referral.

Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com).  The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Ohio Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast. 

United Country Ohio Realty & Auction Career Opportunities Available.  Call 614-885-0020 x 17

 

2 Comments on Auction Sale Revenue on the Increase

OCT
01
2006
153,741 Points 21 Featured Posts Localism Sponsor Outside Blog

I'm sure as time goes on, there will be many more auctions taking place..Good blog...

Scott 

10:05am • #1
5 Featured Posts
Between our TX & NC real estate auctions, apx 50% are from realtor referral and apx 15% have realtor (buyer) cooperation.
8:31pm • #2

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Rich Kruse

Columbus, OH

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Gryphon USA, Ltd.

Address: 9387 S. Old State Rd., Columbus, OH , 43035

Office Phone: (614) 885-0020 x 17

Cell Phone: (614) 885-0020

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A lighthearted and informative look at the real estate and asset sale professions. The Gryphon Organization provides real estate, auction and asset management services through a variety of subsidiaries including Gryphon Asset Management and United Country Ohio Realty & Auction Group.


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