More Home Sellers Chose Auctions in August Sales, Average Prices Up Versus 2012
September 17, 2013 – (KANSAS CITY, Mo.) – As the home market continues its march toward recovery, home sellers are continuing to find value in using the auction method of marketing to bring buyers to their properties. According to United Auction Services, a division of United Country Real Estate, August residential numbers were up from the same period last year.
“We saw an increase in not only the number of homes being sold at auction, but a nice boost in volume and prices coming in from these live and online events,” said Mike Jones, president of United Country Auction Services. “Americans are seeing that an auction allows buyers and sellers to quickly agree on a price and move forward with the transaction. Both parties get what they want expeditiously and with an action plan in place to move to closing.”
In August, United Country reported a seven percent increase in the number of homes being sold at auction and an increase of 14 percent in volume over 2012. Additionally, these residential auctions were bringing higher prices for sellers to the tune of seven percent. Auction sales comprise roughly 20 percent of United Country Real Estate’s total business.
“Auctions are an important part of what United Country offers our clients,” said Mike Duffy, president for United Country Real Estate. “We complement our real estate business with the auction aspect. So, not only are we a traditional real estate company, but we also offer the auction method as another way of marketing and selling real estate. Using the blended model of auctions and traditional real estate services gives us a marketing advantage that other brokerages simply can’t offer.”
Additionally, August showed that interest in commercial auctions with an increase of 33 percent over 2012. United Country’s year-to-date numbers show increases in land sales volume and average price as farmland remains at record highs.
For more information about United Country Auction Services, call 800-999-1020 or visit their main website at www.UCAuctionServices.com
About United Country
United Country Real Estate is the largest fully integrated network of conventional and auction real estate professionals in the United States, Mexico and Central America. The company has been an innovator in lifestyle and rural real estate marketing since 1925. United Country supports nearly 550 offices across the U.S., Costa Rica, Panama and resort areas of Mexico, with a unique, comprehensive marketing program that includes one of the largest portfolios of property marketing websites, multiple United Country real estate catalogs and third-party lifestyle magazines with national distribution, an extensive buyer database and other national advertising of local properties that reaches more than 90 million homes per week. United Country has recently been recognized by Franchise Business Review, AllBusiness.com, The Land Report, Entrepreneur and The Wall Street Journal as one of the top U.S. real estate companies.
SOURCE United Country
2820 NW Barry Road
Kansas City, MO 64154