Growth Report 2020

Basinger Auction Relocates, Sales Up at Real Estate Firm

BOARDMAN, Ohio Basinger Auction Service and American Real Estate Specialists started 2020 by moving its primary offices to 226 Boardman-Canfield Road.

The office, across from the Boardman Plaza, gets 35,000 passers-by each day, according to Paul Basinger, auctioneer and real estate broker. A digital sign promotes the business, its auctions and real estate listings.

Meanwhile, renovations are underway at the main auction gallery, 9983 Market St. in North Lima, a fresh, refaced building where interior renovations will be completed this year, Basinger says.

While conducting on-site auctions with internet-only bidding remained most popular – 26 on-site auctions of chattel property in 2019, Basinger reports – the company also conducted 15 online-only auctions that served more than 66 sellers.

In 2019, sales at American Real Estate Specialists increased to more than $1.18 million, he adds. Seventeen properties were sold, using both auction and conventional marketing methods, with an average of 99.54% of the list price and nine properties selling over list price.

Copyright 2020 The Business Journal, Youngstown, Ohio.