Essential Auction News

David Sandeman, Managing Director Welcome to December's newsletter giving a round-up of recent auction activity, principally November.

November's results were down on November 2008 both in terms of lots offered and amount raised. This was more apparent in the residential sector than the commercial market which has seen a relative resurgence over the last few quarters. In Q4 2008 we saw 2,941 repossessions go to auction where as in Q4 2009 the number fell to almost 2,000 (68%) to 941. This accounts for a significant portion of the fall in numbers.

As always do contact me if you have any questions.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

In relative terms, November 2009 did not fare as well as October 2009. November 2009 compared with November 2008 saw the number of lots offered fall 36% to 1,959, and the percentage sold overall came out at 63%. As I mentioned earlier the brunt of the fall was taken in the residential sector, with the commercial lots only reducing by 8% with 71% of them selling. Year on year saw the number of lots offered slip to 29,552 (-22%) with £3.29Bn being raised. Whilst these figures are down, the private treaty market has seen much larger falls, so in relative terms the auction market is holding up well.

Total

  Last Month Last Quarter Last Year
November 2009 November 2008 Increase September - November 2009 September - November 2008 Increase December 2008 - November 2009 December 2007 - November 2008 Increase
Lots Offered 1,959 3,082 -36.4% 8,289 10,799 -23.2% 29,552 38,170 -22.6%
Lots Sold 1,225 2,155 -43.2% 5,954 7,159 -16.8% 21,977 24,724 -11.1%
Percent Sold 63% 70% -10.6% 72% 66% 8.4% 74% 65% 14.8%
Total Raised £134,075,755 £225,531,740 -40.6% £871,795,045 £905,796,372 -3.8% £3,298,030,772 £4,074,406,364 -19.1%

Residential

  Last Month Last Quarter Last Year
November 2009 November 2008 Increase September - November 2009 September - November 2008 Increase December 2008 - November 2009 December 2007 - November 2008 Increase
Lots Offered 1,636 2,730 -40.1% 6,711 9,108 -26.3% 24,147 31,283 -22.8%
Lots Sold 997 1,912 -47.9% 4,751 6,011 -21.0% 17,880 19,880 -10.1%
Percent Sold 61% 70% -13.0% 71% 66% 7.3% 74% 64% 16.5%
Total Raised £114,370,355 £200,926,140 -43.1% £632,299,445 £705,680,379 -10.4% £2,212,259,585 £2,712,169,287 -18.4%

Commercial

  Last Month Last Quarter Last Year
November 2009 November 2008 Increase September - November 2009 September - November 2008 Increase December 2008 - November 2009 December 2007 - November 2008 Increase
Lots Offered 323 352 -8.2% 1,578 1,691 -6.7% 5,405 6,887 -21.5%
Lots Sold 228 243 -6.2% 1,203 1,148 4.8% 4,097 4,844 -15.4%
Percent Sold 71% 69% 2.3% 76% 68% 12.3% 76% 70% 7.8%
Total Raised £19,705,400 £24,605,600 -19.9% £239,495,600 £200,115,993 19.7% £1,085,771,187 £1,362,237,077 -20.3%

Regional Auction Analysis

As is usually the case, variations across all the measurable parameters can be seen across the regions.

East Anglia

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 279 396 -29.5%
Lots Sold 207 263 -21.3%
Percent Sold 74.2% 66.4% 11.7%
Total Raised £23,373,150 £34,146,225 -31.5%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 236 340 -30.6%
Lots Sold 170 223 -23.8%
Percent Sold 72.0% 65.6% 9.8%
Total Raised £19,229,150 £27,678,225 -30.5%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 43 56 -23.2%
Lots Sold 37 40 -7.5%
Percent Sold 86.0% 71.4% 20.5%
Total Raised £4,144,000 £6,468,000 -35.9%

East Midlands

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 615 1009 -39.0%
Lots Sold 454 685 -33.7%
Percent Sold 73.8% 67.9% 8.7%
Total Raised £48,195,750 £85,510,110 -43.6%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 468 855 -45.3%
Lots Sold 338 572 -40.9%
Percent Sold 72.2% 66.9% 8.0%
Total Raised £29,053,500 £66,625,960 -56.4%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 147 154 -4.5%
Lots Sold 116 113 2.7%
Percent Sold 78.9% 73.4% 7.5%
Total Raised £19,142,250 £18,884,150 1.4%

London

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 919 1004 -8.5%
Lots Sold 770 723 6.5%
Percent Sold 83.8% 72.0% 16.4%
Total Raised £230,571,750 £160,073,956 44.0%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 832 927 -10.2%
Lots Sold 693 665 4.2%
Percent Sold 83.3% 71.7% 16.1%
Total Raised £174,810,850 £133,994,206 30.5%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 87 77 13.0%
Lots Sold 77 58 32.8%
Percent Sold 88.5% 75.3% 17.5%
Total Raised £55,760,900 £26,079,750 113.8%

North-East

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 553 713 -22.4%
Lots Sold 322 439 -26.7%
Percent Sold 58.2% 61.6% -5.4%
Total Raised £31,168,900 £41,167,700 -24.3%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 510 677 -24.7%
Lots Sold 295 417 -29.3%
Percent Sold 57.8% 61.6% -6.1%
Total Raised £22,471,900 £37,324,000 -39.8%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 43 36 19.4%
Lots Sold 27 22 22.7%
Percent Sold 62.8% 61.1% 2.7%
Total Raised £8,697,000 £3,843,700 126.3%

North-West

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 1306 1752 -25.5%
Lots Sold 850 1075 -20.9%
Percent Sold 65.1% 61.4% 6.1%
Total Raised £75,342,089 £100,362,900 -24.9%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 1039 1440 -27.8%
Lots Sold 661 888 -25.6%
Percent Sold 63.6% 61.7% 3.2%
Total Raised £51,329,539 £75,180,550 -31.7%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 267 312 -14.4%
Lots Sold 189 187 1.1%
Percent Sold 70.8% 59.9% 18.1%
Total Raised £24,012,550 £25,182,350 -4.6%

North-West Home Counties

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 441 501 -12.0%
Lots Sold 335 361 -7.2%
Percent Sold 76.0% 72.1% 5.4%
Total Raised £71,330,750 £68,324,650 4.4%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 339 421 -19.5%
Lots Sold 256 308 -16.9%
Percent Sold 75.5% 73.2% 3.2%
Total Raised £53,227,550 £49,544,750 7.4%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 102 80 27.5%
Lots Sold 79 53 49.1%
Percent Sold 77.5% 66.3% 16.9%
Total Raised £18,103,200 £18,779,900 -3.6%

Scotland

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 244 291 -16.2%
Lots Sold 118 193 -38.9%
Percent Sold 48.4% 66.3% -27.1%
Total Raised £8,908,295 £11,118,772 -19.9%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 189 209 -9.6%
Lots Sold 84 129 -34.9%
Percent Sold 44.4% 61.7% -28.0%
Total Raised £6,564,395 £10,055,522 -34.7%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 55 82 -32.9%
Lots Sold 34 64 -46.9%
Percent Sold 61.8% 78.0% -20.8%
Total Raised £2,343,900 £1,063,250 120.4%

South-East Home Counties

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 981 1321 -25.7%
Lots Sold 773 967 -20.1%
Percent Sold 78.8% 73.2% 7.6%
Total Raised £124,661,014 £147,952,700 -15.7%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 774 1097 -29.4%
Lots Sold 617 800 -22.9%
Percent Sold 79.7% 72.9% 9.3%
Total Raised £97,297,564 £105,909,450 -8.1%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 207 224 -7.6%
Lots Sold 156 167 -6.6%
Percent Sold 75.4% 74.6% 1.1%
Total Raised £27,363,450 £42,043,250 -34.9%

South-West

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 801 933 -14.1%
Lots Sold 610 629 -3.0%
Percent Sold 76.2% 67.4% 13.0%
Total Raised £85,106,000 £82,041,200 3.7%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 561 683 -17.9%
Lots Sold 412 449 -8.2%
Percent Sold 73.4% 65.7% 11.7%
Total Raised £60,732,250 £56,580,000 7.3%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 240 250 -4.0%
Lots Sold 198 180 10.0%
Percent Sold 82.5% 72.0% 14.6%
Total Raised £24,373,750 £25,461,200 -4.3%

Wales

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 560 647 -13.4%
Lots Sold 381 388 -1.8%
Percent Sold 68.0% 60.0% 13.5%
Total Raised £39,050,100 £37,135,000 5.2%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 454 543 -16.4%
Lots Sold 302 333 -9.3%
Percent Sold 66.5% 61.3% 8.5%
Total Raised £27,453,850 £29,952,500 -8.3%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 106 104 1.9%
Lots Sold 79 55 43.6%
Percent Sold 74.5% 52.9% 40.9%
Total Raised £11,596,250 £7,182,500 61.5%

West Midlands

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 878 1195 -26.5%
Lots Sold 636 716 -11.2%
Percent Sold 72.4% 59.9% 20.9%
Total Raised £77,656,347 £69,283,556 12.1%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 706 995 -29.0%
Lots Sold 503 584 -13.9%
Percent Sold 71.2% 58.7% 21.4%
Total Raised £51,537,347 £55,080,306 -6.4%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 172 200 -14.0%
Lots Sold 133 132 0.8%
Percent Sold 77.3% 66.0% 17.2%
Total Raised £26,119,000 £14,203,250 83.9%

Yorkshire and The Humber

Total
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 706 1026 -31.2%
Lots Sold 493 709 -30.5%
Percent Sold 69.8% 69.1% 1.1%
Total Raised £56,094,900 £67,625,353 -17.1%
Residential
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 597 910 -34.4%
Lots Sold 415 632 -34.3%
Percent Sold 69.5% 69.5% 0.1%
Total Raised £38,255,550 £56,700,660 -32.5%
Commercial
September 2009 - November 2009 September 2008 - November 2008 Increase
Lots Offered 109 116 -6.0%
Lots Sold 78 77 1.3%
Percent Sold 71.6% 66.4% 7.8%
Total Raised £17,839,350 £10,924,693 63.3%


Your Comments

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