Auction Data for November 2010


Essential Auction News

David Sandeman, Managing Director Welcome to the final newsletter of the year giving the overall results for November. This will be the final newsletter of what has been a tough year for the industry, though compared with the private treaty market the auction market has been very resilient to changing market conditions.

May I take this opportunity to wish you all a peaceful holiday and a more prosperous new year!

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

Whilst for the month of November the overall sales rate slipped to just under 60% and the amount raised eased 3.4% compared with November 2009, the number of lots offered was up 8% overall. However the longer term trends are more positive with the year on year comparisons showing an overall drop of only 1.4% in the number of lots sold and the amount raised creeping up 0.2%.

These trends are broadly reflected in the residential sector, and the commercial sector saw a rise of 8.5% in the lots sold with the amount raised increasing by 2.1%. The past few months have seen this pattern firm up, and I see no reason why it will not continue.

Total

Last Month Last Quarter Last Year
November 2010 November 2009 Increase September 2010 - November 2010 September 2009 - November 2009 Increase December 2009 - November 2010 December 2008 - November 2009 Increase
Lots Offered 2,120 1,959 8.2% 9,747 8,289 17.6% 31,474 29,552 6.5%
Lots Sold 1,252 1,225 2.2% 6,341 5,954 6.5% 21,678 21,977 -1.4%
Percent Sold 59.1% 62.5% -5.4% 65.1% 71.8% -9.3% 68.9% 74.4% -7.4%
Total Raised £129,554,068 £134,075,755 -3.4% £845,756,484 £871,795,045 -3.0% £3,305,665,931 £3,298,030,772 0.2%

Residential

Last Month Last Quarter Last Year
November 2010 November 2009 Increase September 2010 - November 2010 September 2009 - November 2009 Increase December 2009 - November 2010 December 2008 - November 2009 Increase
Lots Offered 1,838 1,636 12.3% 8,019 6,711 19.5% 25,142 24,147 4.1%
Lots Sold 1,078 997 8.1% 5,201 4,751 9.5% 17,234 17,880 -3.6%
Percent Sold 58.7% 60.9% -3.6% 64.9% 70.8% -8.3% 68.5% 74% -7.4%
Total Raised £110,302,918 £114,370,355 -3.6% £626,946,934 £632,299,445 -0.8% £2,197,544,887 £2,212,259,585 -0.7%

Commercial

Last Month Last Quarter Last Year
November 2010 November 2009 Increase September 2010 - November 2010 September 2009 - November 2009 Increase December 2009 - November 2010 December 2008 - November 2009 Increase
Lots Offered 282 323 -12.7% 1,728 1,578 9.5% 6,329 5,405 17.1%
Lots Sold 174 228 -23.7% 1,140 1,203 -5.2% 4,444 4,097 8.5%
Percent Sold 61.7% 70.6% -12.6% 66% 76.2% -13.4% 70.2% 75.8% -7.4%
Total Raised £19,251,150 £19,705,400 -2.3% £218,809,550 £239,495,600 -8.6% £1,108,121,044 £1,085,771,187 2.1%


Regional Auction Analysis

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

East Anglia

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 282 279 1.1%
Lots Sold 202 207 -2.4%
Percent Sold 71.6% 74.2% -3.5%
Total Raised £27,189,950 £23,373,150 16.3%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 233 236 -1.3%
Lots Sold 166 170 -2.4%
Percent Sold 71.2% 72% -1.1%
Total Raised £18,242,250 £19,229,150 -5.1%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 49 43 14.0%
Lots Sold 36 37 -2.7%
Percent Sold 73.5% 86% -14.5%
Total Raised £8,947,700 £4,144,000 115.9%


East Midlands

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 789 615 28.3%
Lots Sold 536 454 18.1%
Percent Sold 67.9% 73.8% -8.0%
Total Raised £53,869,070 £48,195,750 11.8%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 643 468 37.4%
Lots Sold 442 338 30.8%
Percent Sold 68.7% 72.2% -4.8%
Total Raised £40,826,320 £29,053,500 40.5%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 146 147 -0.7%
Lots Sold 94 116 -19.0%
Percent Sold 64.4% 78.9% -18.4%
Total Raised £13,042,750 £19,142,250 -31.9%


London

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 985 919 7.2%
Lots Sold 722 770 -6.2%
Percent Sold 73.3% 83.8% -12.5%
Total Raised £235,173,800 £230,571,750 2.0%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 858 832 3.1%
Lots Sold 626 693 -9.7%
Percent Sold 73% 83.3% -12.4%
Total Raised £182,761,750 £174,810,850 4.5%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 127 87 46.0%
Lots Sold 96 77 24.7%
Percent Sold 75.6% 88.5% -14.6%
Total Raised £52,412,050 £55,760,900 -6.0%


North-East

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 830 553 50.1%
Lots Sold 405 322 25.8%
Percent Sold 48.8% 58.2% -16.2%
Total Raised £32,471,002 £31,168,900 4.2%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 775 510 52.0%
Lots Sold 379 295 28.5%
Percent Sold 48.9% 57.8% -15.4%
Total Raised £27,015,502 £22,471,900 20.2%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 55 43 27.9%
Lots Sold 26 27 -3.7%
Percent Sold 47.3% 62.8% -24.7%
Total Raised £5,455,500 £8,697,000 -37.3%


North-West

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 1,571 1,306 20.3%
Lots Sold 989 850 16.4%
Percent Sold 63% 65.1% -3.2%
Total Raised £93,178,694 £75,342,089 23.7%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 1,196 1,039 15.1%
Lots Sold 761 661 15.1%
Percent Sold 63.6% 63.6% 0.0%
Total Raised £63,569,744 £51,329,539 23.8%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 375 267 40.4%
Lots Sold 228 189 20.6%
Percent Sold 60.8% 70.8% -14.1%
Total Raised £29,608,950 £24,012,550 23.3%


North-West Home Counties

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 402 441 -8.8%
Lots Sold 286 335 -14.6%
Percent Sold 71.1% 76% -6.4%
Total Raised £55,166,150 £71,330,750 -22.7%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 329 339 -2.9%
Lots Sold 238 256 -7.0%
Percent Sold 72.3% 75.5% -4.2%
Total Raised £40,158,650 £53,227,550 -24.6%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 73 102 -28.4%
Lots Sold 48 79 -39.2%
Percent Sold 65.8% 77.5% -15.1%
Total Raised £15,007,500 £18,103,200 -17.1%


Scotland

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 236 244 -3.3%
Lots Sold 138 118 16.9%
Percent Sold 58.5% 48.4% 20.9%
Total Raised £9,578,275 £8,908,295 7.5%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 195 189 3.2%
Lots Sold 115 84 36.9%
Percent Sold 59% 44.4% 32.9%
Total Raised £6,775,175 £6,564,395 3.2%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 41 55 -25.5%
Lots Sold 23 34 -32.4%
Percent Sold 56.1% 61.8% -9.2%
Total Raised £2,803,100 £2,343,900 19.6%


South-East Home Counties

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 1,086 981 10.7%
Lots Sold 766 773 -0.9%
Percent Sold 70.5% 78.8% -10.5%
Total Raised £116,566,745 £124,661,014 -6.5%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 868 774 12.1%
Lots Sold 622 617 0.8%
Percent Sold 71.7% 79.7% -10.0%
Total Raised £84,925,945 £97,297,564 -12.7%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 218 207 5.3%
Lots Sold 144 156 -7.7%
Percent Sold 66.1% 75.4% -12.3%
Total Raised £31,640,800 £27,363,450 15.6%


South-West

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 775 801 -3.2%
Lots Sold 507 610 -16.9%
Percent Sold 65.4% 76.2% -14.2%
Total Raised £66,084,300 £85,106,000 -22.4%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 591 561 5.3%
Lots Sold 361 412 -12.4%
Percent Sold 61.1% 73.4% -16.8%
Total Raised £45,874,250 £60,732,250 -24.5%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 184 240 -23.3%
Lots Sold 146 198 -26.3%
Percent Sold 79.3% 82.5% -3.9%
Total Raised £20,210,050 £24,373,750 -17.1%


Wales

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 794 560 41.8%
Lots Sold 504 381 32.3%
Percent Sold 63.5% 68% -6.6%
Total Raised £39,224,756 £39,050,100 0.4%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 631 454 39.0%
Lots Sold 398 302 31.8%
Percent Sold 63.1% 66.5% -5.1%
Total Raised £26,403,206 £27,453,850 -3.8%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 163 106 53.8%
Lots Sold 106 79 34.2%
Percent Sold 65% 74.5% -12.8%
Total Raised £12,821,550 £11,596,250 10.6%


West Midlands

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 919 878 4.7%
Lots Sold 569 636 -10.5%
Percent Sold 61.9% 72.4% -14.5%
Total Raised £57,246,546 £77,656,347 -26.3%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 763 406 87.9%
Lots Sold 473 503 -6.0%
Percent Sold 62% 71.2% -12.9%
Total Raised £42,403,996 £51,537,347 -17.7%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 156 172 -9.3%
Lots Sold 96 133 -27.8%
Percent Sold 61.5% 77.3% -20.4%
Total Raised £14,842,550 £26,119,000 -43.2%


Yorkshire and The Humber

Total
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 934 706 32.3%
Lots Sold 663 493 34.5%
Percent Sold 71% 69.8% 1.7%
Total Raised £57,233,446 £56,094,900 2.0%


Residential
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 793 597 32.8%
Lots Sold 566 415 36.4%
Percent Sold 71.4% 69.5% 2.7%
Total Raised £45,216,396 £38,255,550 18.2%


Commercial
September 2010 - November 2010 September 2009 - November 2009 Increase
Lots Offered 141 109 29.4%
Lots Sold 97 78 24.4%
Percent Sold 68.8% 71.6% -3.9%
Total Raised £12,017,050 £17,839,350 -32.6%


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