About PAX Pacific Auction Exchange (PAX) is the fastest growing Real Estate Auction Company in the Western United States. PAX provides Real Estate Auction services by leveraging a network of Franchised service providers. With its unique team of Real Estate selling professionals, PAX provides unmatched Real Estate sales and service to people wanting to sell their real property using the Auction method of marketing. The Auction method of marketing establishes the sales price through competitive bidding. As experts in marketing Real Estate, your local PAX office can help you sell your residential, commercial, industrial or agricultural property. You can depend on PAX to sell your property with no contingencies, close your property sale in thirty days or less, and save you time and money when selling your property. In addition, when you use PAX to market and sell your home, you, the seller, do not pay a sales commission.   Indian Wells, CA (February 22, 2007) - Paul Deese, former president and owner of Realty Executives in Desert Hot Springs, has opened a franchise office of Pacific Auction Exchange (PAX) in Indian Wells. PAX provides unmatched real estate sales and service to people wanting to sell their property using the auction method. "Real estate auctions are one of the fastest growing trends in today's transitional real-estate market and have become a high-demand alternative to traditional home selling and buying," Deese says.   PAX in Indian Wells is the only real estate auction company in the Coachella Valley. They specialize in live auctions, as well as online auctions. The principles of PAX have 17 years of experience in the auction industry and have conducted over 2000 auctions. PAX is the fastest growing real estate auction company on the West Coast. Patrick Klein, of Infinity Mortgage, is the mortgage broker for the Indian Wells PAX franchise and brings a wealth of home auction experience. He's from New Zealand where 80% of all homes on the market are sold at auction.   Home sales in Southern California fell to a nine-year low for the month of January, according to DataQuick. In 2006, the average home-for-sale was on the market 90 days. Deese says when homes are on the market for months, auctions are an answer to what can be a long, slow process. "Auctions equal action," says Deese. "They're fast, convenient and final." They are also becoming a welcome first choice - not just a last resort option. Real estate auctions are no longer equated with bank foreclosures, distressed properties and desperate sellers.   Even the rich and famous have auctioned their homes. Country music star Barbara Mandrell auctioned her 136-acre Nashville estate for $2.1 million to the delight of both buyer and seller. Wealthy individuals have long embraced auctions as a respected and prestigious method for the sale of antiques, art and other collectibles. Now, they're seeing real estate, of any value, can be sold by public auction with equal success.   According to experts at the National Association of Realtors, auctions are an innovative and effective tool which can be profitable to sellers, buyers and realtors. The National Auctioneers Association reports extensive growth for the auction industry in 2006 with a 7.1 percent increase over 2005 in gross revenue, translating into $257.2 billion in total revenue generated. The most significant growth was seen in residential real estate. Last year, residential real estate auctions generated $14.2 billion.   Examples of typical PAX auction properties includes: Single family homes Luxury homes & estates Ranches, farms and vacant land Commercial properties Spec model and showcase homes Residential developments Golf courses & country clubs Equestrian estates and horse properties