Survey of 2010 Real Estate Auction Industry

March 8th, 2011 by PA - Bloger
Real Estate Auctioneers nationwide were surveyed over the course of one month and asked a variety of questions about their business in 2010 and projections for 2011.
Our infographic covers all the items.


A pdf download of the 2010 Real Estate Auction Industry Survey is available for download at the bottom of this post.

Topics covered:
  • Residential Properties
    Single family homes and condominiums were the most common type as reported by our auctioneers
  • Commercial Properties
    Auctioneers were asked to provide us with the most common commercial property type brought to auction
  • Type of Auction Sale
    Most respondents indicated that private owner sale leads this category
  • Style of Auction Sale
    Sealed bid was the least used auction format in 2010 according to our respondents
  • Format of Auction Sale
    Respondents indicated that the most frequently used Auction Format they employed during the year was Unpublished Reserve /Seller Confirmation
  • Amount of Auctions by Area
    The Southeast and Southwest areas of the United States were reported to have the highest amount of real estate auctions
  • Buyer Broker Representation
    Less than 25% of real estate auctions were represented by brokers. An interesting fact since auctioneers typically offer a 2-3% commission for brokers who register their buyers.
  • Advertising Allocation
    Print is still king! Lets see how 2011 does?
  • Predictions for 2011
    Results from our respondents show that Land will continue to be the most common type of property brought to auction in 2011. Retail properties are also predicted to be very high in volume in 2011. Respondents indicated that the South, specifically the Southeast, will continue to see the largest amount of real estate auctions taking place this year. The Midwest is predicted to rank high as well for real estate auctions in 2011.

Download the Survey of the 2010 Real Estate Auction Industry [pdf] and check out our infographic for more details!


You can leave a response, or trackback from your own site.

Leave a Reply


Switch to our mobile site