Real Estate Auction Updates - October 2007 - AuctionFirst

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Real Estate Auction Update – October 2007


Upcoming Auctions The following auctions are scheduled for October/November.  Complete details are available in the auction bid package.
Download the pdf auction bid package from this link:

October 3

Chapel Hill NC225 Chesley Lane:  4000+ sq ft home in primo subdivision with glorious landscaped back yard.

October 10

Jacksonville, NC201 Zack Circle:  Need a church home that seats 100+ plus has day care/community room? This is it!

October 11

Hampstead, NC (Wilmington area) – 1283 Corcus Ferry Road: 2700 sq ft Low Country home on 2.2 acres in marina community

October 16

Durham, Orange County, NC – 4411 Highway 70 West: 11 acres plus 3 bdrm, 2 bath historic log cabin that’s been fully renovated + horse barn

October 16

Chapel Hill, NC – 105 Chimeneas: 5 bedroom executive home on 3.4 acres

October 18

Chapel Hill, NC408 Coolidge Street: Walk to UNC Hospitals from this historic home!

October 24

Pittsboro, NC820 Chapel Ridge Drive: On Parade of Homes – Executive home on the 9th Fairway.

November 2

Austin, TX – 0 Nuckols Crossing: 6.65 undeveloped acres in Del Valle SE Austin. ABSOLUTE AUCTION – No Reserve.

November 3

San Antonio, TX – 742 and 802 Sewanee: Single family residence and undeveloped single family lot. ABSOLUTE AUCTION – No Reserve.



Real Estate Auctions in the News

A number of articles on real estate auctions have appeared in the news. 

* Auctions catch on as way to sell houses
CBS News, September 29, 2007

* Not Doing Auctions? You’re Missing Out!
Realtor magazine—May 18, 2007

* Adversary to Ally
Realtor magazine, June 1, 2007

National Auction Statistics
During the "State of the Industry" forum at the 58th International Auctioneers Association Conference and Show in San Diego,
the National Auctioneers Association (NAA) unveiled industry projections for 2007. The industry survey was conducted by
MORPACE International and projected the industry to grow $7.6 billion in 2007. If the current trend continues, analysts project
industry revenues to reach $264.8 billion by the end of the year. This is the fourth consecutive year that the live auction industry has
witnessed growth. In 2006, the total value of goods and services sold at auction totaled $257.2 billion, an increase of 7.1% from 2005.

New Auction Education Site


Introducing – a new education site offering classes on real estate auctions and related topics! 
Reserve your seat and pay for your real estate auction class online!  Check it out here:

The October/November schedule includes classes in 3 states - Real Estate Auction Fundamentals:
Thursday, October 4 - Chapel Hill, North Carolina
Thursday, October 11 – Newport Beach, California
Friday, October 12 - Torrance, California
Monday, October 15 - Pittsboro, North Carolina
Thursday, October 25 - Austin, Texas
Saturday, November 3 – San Antonio, Texas

Auction Results
Sold & Closed
River Bend Country Estate, 3939 Pleasant Ridge Road, Durham, NC
6000+ sq ft country estate on 8 acres.

Under Contract
740 East Franklin St, NC
4 bdrm, 2 bath – walk to UNC.

Under Contract
Absolute auction of 2 adjacent land parcels,
3876 US Highway 401 North, Louisburg, NC

Accepting Offers
(Auction did not meet reserve)
7112 Crescent Ridge Drive, Chapel Hill, NC
4 bdrm, 2 bath on 2 acres – 6 miles to UNC.

Complete information on each auction can be downloaded from:

What can we auction for you?  Agent referrals accepted – call us for more information. Broker participation at auctions.
Call 800-220-6760 today!



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