Essential Auction News

David Sandeman, Managing Director Welcome to the May newsletter that primarily reviews the auction statistics for April 2009. Whilst the percentage sold rate was down 4 points on March 2009, it was still a very respectable 70%.

This is evidence of a real market, and one would expect fluctuations in sales rates depending on the profile of the auctions that were held in the month.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

The figures below show a very similar sales rate for both residential and commercial property sold in April 2009. It compares favourably with April 2008 where 62% of all auction lots sold. (The figure of 70% will increase by a few percentage points as and when we are notified of post auction sales).

Overall volumes of lots offered and amount raised were down 29% and 48% respectively, with the greater drops being seen in the commercial markets. However recent commercial catalogues have grown in size and value so one would expect to see this trend reversed.

Total

  Last Month Last Quarter Last Year
April 2009 April 2008 Increase February - April 2009 February - April 2008 Increase May 2008 - April 2009 May 2007 - April 2008 Increase
Lots Offered 2,333 3,289 -29.1% 8,033 10,538 -23.8% 35,443 38,374 -7.6%
Lots Sold 1,641 2,048 -19.9% 5,898 7,155 -17.6% 23,419 26,535 -11.7%
Percent Sold 70% 62% 13.0% 73% 68% 8.1% 66% 69% -4.4%
Total Raised £170,241,874 £329,870,498 -48.4% £809,702,660 £1,315,904,725 -38.5% £3,367,688,201 £5,395,314,654 -37.6%

Residential

  Last Month Last Quarter Last Year
April 2009 April 2008 Increase February - April 2009 February - April 2008 Increase May 2008 - April 2009 May 2007 - April 2008 Increase
Lots Offered 1,953 2,716 -28.1% 6,642 8,477 -21.6% 29,419 30,947 -4.9%
Lots Sold 1,368 1,658 -17.5% 4,861 5,585 -13.0% 19,282 20,919 -7.8%
Percent Sold 70% 61% 14.7% 73% 66% 11.1% 66% 68% -3.0%
Total Raised £143,019,725 £216,893,848 -34.1% £549,100,260 £847,121,906 -35.2% £2,356,847,153 £3,436,222,900 -31.4%

Commercial

  Last Month Last Quarter Last Year
April 2009 April 2008 Increase February - April 2009 February - April 2008 Increase May 2008 - April 2009 May 2007 - April 2008 Increase
Lots Offered 380 573 -33.7% 1,391 2,061 -32.5% 6,024 7,418 -18.8%
Lots Sold 273 390 -30.0% 1,037 1,570 -33.9% 4,137 5,608 -26.2%
Percent Sold 72% 68% 5.6% 75% 76% -2.1% 69% 76% -9.2%
Total Raised £27,222,149 £112,976,650 -75.9% £260,602,400 £468,782,819 -44.4% £1,010,841,048 £1,952,676,754 -48.2%

Regional Auction Analysis

The regional quarterly sales rates generally reflect the national overall position. The lowest sales rate was the North East at 56% and the highest was the South West at 82%.

East Anglia

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 215 302 -28.8%
Lots Sold 154 237 -35.0%
Percent Sold 71.6% 78.5% -8.7%
Total Raised £29,193,450 £41,419,800 -29.5%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 179 233 -23.2%
Lots Sold 128 176 -27.3%
Percent Sold 71.5% 75.5% -5.3%
Total Raised £14,961,700 £28,503,800 -47.5%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 36 69 -47.8%
Lots Sold 26 61 -57.4%
Percent Sold 72.2% 88.4% -18.3%
Total Raised £14,231,750 £12,916,000 10.2%

East Midlands

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 675 909 -25.7%
Lots Sold 510 664 -23.2%
Percent Sold 75.6% 73.0% 3.4%
Total Raised £49,806,900 £93,457,660 -46.7%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 562 740 -24.1%
Lots Sold 431 520 -17.1%
Percent Sold 76.7% 70.3% 9.1%
Total Raised £36,652,400 £56,018,600 -34.6%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 113 169 -33.1%
Lots Sold 79 144 -45.1%
Percent Sold 69.9% 85.2% -18.0%
Total Raised £13,154,500 £37,439,060 -64.9%

London

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 853 1104 -22.7%
Lots Sold 690 830 -16.9%
Percent Sold 80.9% 75.2% 7.6%
Total Raised £167,457,700 £290,297,850 -42.3%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 778 991 -21.5%
Lots Sold 631 736 -14.3%
Percent Sold 81.1% 74.3% 9.2%
Total Raised £135,589,700 £232,480,350 -41.7%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 75 113 -33.6%
Lots Sold 59 94 -37.2%
Percent Sold 78.7% 83.2% -5.4%
Total Raised £31,868,000 £57,817,500 -44.9%

North-East

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 611 631 -3.2%
Lots Sold 345 365 -5.5%
Percent Sold 56.5% 57.8% -2.4%
Total Raised £38,561,535 £50,259,798 -23.3%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 568 563 0.9%
Lots Sold 314 319 -1.6%
Percent Sold 55.3% 56.7% -2.4%
Total Raised £26,905,975 £32,149,298 -16.3%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 43 68 -36.8%
Lots Sold 31 46 -32.6%
Percent Sold 72.1% 67.6% 6.6%
Total Raised £11,655,560 £18,110,500 -35.6%

North-West

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 1395 1726 -19.2%
Lots Sold 947 995 -4.8%
Percent Sold 67.9% 57.6% 17.8%
Total Raised £97,001,855 £128,749,699 -24.7%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 1133 1394 -18.7%
Lots Sold 770 785 -1.9%
Percent Sold 68.0% 56.3% 20.7%
Total Raised £60,670,105 £81,606,949 -25.7%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 262 332 -21.1%
Lots Sold 177 210 -15.7%
Percent Sold 67.6% 63.3% 6.8%
Total Raised £36,331,750 £47,142,750 -22.9%

North-West Home Counties

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 391 491 -20.4%
Lots Sold 283 369 -23.3%
Percent Sold 72.4% 75.2% -3.7%
Total Raised £60,610,500 £112,281,801 -46.0%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 322 392 -17.9%
Lots Sold 235 287 -18.1%
Percent Sold 73.0% 73.2% -0.3%
Total Raised £37,006,250 £61,840,301 -40.2%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 69 99 -30.3%
Lots Sold 48 82 -41.5%
Percent Sold 69.6% 82.8% -16.0%
Total Raised £23,604,250 £50,441,500 -53.2%

Scotland

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 195 249 -21.7%
Lots Sold 120 180 -33.3%
Percent Sold 61.5% 72.3% -14.9%
Total Raised £11,673,835 £23,728,313 -50.8%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 112 160 -30.0%
Lots Sold 67 107 -37.4%
Percent Sold 59.8% 66.9% -10.5%
Total Raised £5,133,585 £7,519,253 -31.7%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 83 89 -6.7%
Lots Sold 53 73 -27.4%
Percent Sold 63.9% 82.0% -22.1%
Total Raised £6,540,250 £16,209,060 -59.7%

South-East Home Counties

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 1011 1441 -29.8%
Lots Sold 809 1041 -22.3%
Percent Sold 80.0% 72.2% 10.8%
Total Raised £130,389,640 £221,392,305 -41.1%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 821 1154 -28.9%
Lots Sold 657 821 -20.0%
Percent Sold 80.0% 71.1% 12.5%
Total Raised £82,587,640 £135,428,356 -39.0%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 190 287 -33.8%
Lots Sold 152 220 -30.9%
Percent Sold 80.0% 76.7% 4.4%
Total Raised £47,802,000 £85,963,949 -44.4%

South-West

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 565 766 -26.2%
Lots Sold 464 543 -14.5%
Percent Sold 82.1% 70.9% 15.9%
Total Raised £66,068,999 £96,407,049 -31.5%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 405 548 -26.1%
Lots Sold 324 367 -11.7%
Percent Sold 80.0% 67.0% 19.5%
Total Raised £43,960,650 £56,245,249 -21.8%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 160 218 -26.6%
Lots Sold 140 176 -20.5%
Percent Sold 87.5% 80.7% 8.4%
Total Raised £22,108,349 £40,161,800 -45.0%

Wales

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 546 678 -19.5%
Lots Sold 400 440 -9.1%
Percent Sold 73.3% 64.9% 12.9%
Total Raised £40,932,100 £54,616,250 -25.1%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 423 533 -20.6%
Lots Sold 300 332 -9.6%
Percent Sold 70.9% 62.3% 13.9%
Total Raised £23,947,350 £31,539,950 -24.1%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 123 145 -15.2%
Lots Sold 100 108 -7.4%
Percent Sold 81.3% 74.5% 9.2%
Total Raised £16,984,750 £23,076,300 -26.4%

West Midlands

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 739 1304 -43.3%
Lots Sold 541 886 -38.9%
Percent Sold 73.2% 67.9% 7.7%
Total Raised £50,290,000 £119,851,200 -58.0%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 619 1031 -40.0%
Lots Sold 454 673 -32.5%
Percent Sold 73.3% 65.3% 12.4%
Total Raised £34,987,500 £78,989,700 -55.7%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 120 273 -56.0%
Lots Sold 87 213 -59.2%
Percent Sold 72.5% 78.0% -7.1%
Total Raised £15,302,500 £40,861,500 -62.6%

Yorkshire and The Humber

Total
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 832 924 -10.0%
Lots Sold 632 593 6.6%
Percent Sold 76.0% 64.2% 18.4%
Total Raised £67,415,646 £82,091,000 -17.9%
Residential
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 715 725 -1.4%
Lots Sold 547 450 21.6%
Percent Sold 76.5% 62.1% 23.3%
Total Raised £46,396,905 £43,448,100 6.8%
Commercial
February 2009 - April 2009 February 2008 - April 2008 Increase
Lots Offered 117 199 -41.2%
Lots Sold 85 143 -40.6%
Percent Sold 72.6% 71.9% 1.1%
Total Raised £21,018,741 £38,642,900 -45.6%


Your Comments

If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would like to hear from you. So please email us anytime.