Essential Auction News

David Sandeman, Managing Director Welcome to the second newsletter of the year which reports on January 2010 and other related periods. January is always a quiet month. The success rate dipped to 62% but this should not be taken as an indication for the future owing to the small number of auctions held.

I am pleased to announce the launch of our 1982 property comparables database. This is of particular interest to surveyors and valuers looking for comparable evidence for 1982 Capital Gains Tax (CGT) valuations. Hitherto it has been frustratingly difficult to obtain comparables and early reports from users is very favourable. Should you be interested in more information about this service please contact us.

As always do contact me if you have any questions.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

January saw a significant decrease in the number of lots offered, sold and amount raised when compared with January 2009. This was primarily due to two less major London sales in January 2010. Looking at the rolling year comparisons, whilst the lots sold and amount raised were both down 11% the overall sale rate has increased by 15% from 65% to 75%. Early indications from February sales are that this sales rate trend will continue.

Total

  Last Month Last Quarter Last Year
January 2010 January 2009 Increase November 2009 - January 2010 November 2008 - January 2009 Increase February 2009 - January 2010 February 2008 -January 2009 Increase
Lots Offered 324 808 -59.9% 5,627 7,079 -20.5% 29,235 37,946 -23.0%
Lots Sold 201 641 -68.6% 3,828 5,034 -24.0% 21,973 24,744 -11.2%
Percent Sold 62% 79% -21.8% 68% 71% -4.3% 75% 65% 15.3%
Total Raised £22,367,050 £63,306,550 -64.7% £608,742,634 £619,308,330 -1.7% £3,438,804,896 £3,885,477,766 -11.5%

Residential

  Last Month Last Quarter Last Year
January 2010 January 2009 Increase November 2009 - January 2010 November 2008 - January 2009 Increase February 2009 - January 2010 February 2008 -January 2009 Increase
Lots Offered 303 773 -60.8% 4,476 6,162 -27.4% 23,554 31,252 -24.6%
Lots Sold 187 619 -69.8% 3,019 4,395 -31.3% 17,619 20,059 -12.2%
Percent Sold 62% 80% -22.9% 67% 71% -5.4% 75% 64% 16.5%
Total Raised £20,472,800 £60,640,050 -66.2% £384,738,534 £489,186,245 -21.4% £2,228,464,044 £2,660,885,299 -16.3%

Commercial

  Last Month Last Quarter Last Year
January 2010 January 2009 Increase November 2009 - January 2010 November 2008 - January 2009 Increase February 2009 - January 2010 February 2008 -January 2009 Increase
Lots Offered 21 29 -27.6% 1,151 917 25.5% 5,681 6,694 -15.1%
Lots Sold 14 18 -22.2% 809 639 26.6% 4,354 4,685 -7.1%
Percent Sold 67% 62% 7.4% 70% 70% 0.9% 77% 70% 9.5%
Total Raised £1,894,250 £2,445,500 -22.5% £224,004,100 £130,122,085 72.1% £1,210,340,852 £1,224,592,467 -1.2%

Regional Auction Analysis

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

East Anglia

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 184 217 -15.2%
Lots Sold 144 148 -2.7%
Percent Sold 78.3% 68.2% 14.7%
Total Raised £23,741,350 £16,408,500 44.7%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 131 182 -28.0%
Lots Sold 100 124 -19.4%
Percent Sold 76.3% 68.1% 12.0%
Total Raised £10,225,850 £14,473,500 -29.3%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 53 35 51.4%
Lots Sold 44 24 83.3%
Percent Sold 83.0% 68.6% 21.1%
Total Raised £13,515,500 £1,935,000 598.5%

East Midlands

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 429 581 -26.2%
Lots Sold 297 447 -33.6%
Percent Sold 69.2% 76.9% -10.0%
Total Raised £33,239,700 £45,589,010 -27.1%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 326 515 -36.7%
Lots Sold 234 398 -41.2%
Percent Sold 71.8% 77.3% -7.1%
Total Raised £20,823,200 £35,609,510 -41.5%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 103 66 56.1%
Lots Sold 63 49 28.6%
Percent Sold 61.2% 74.2% -17.6%
Total Raised £12,416,500 £9,979,500 24.4%

London

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 672 735 -8.6%
Lots Sold 538 561 -4.1%
Percent Sold 80.1% 76.3% 4.9%
Total Raised £169,272,700 £131,214,455 29.0%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 567 664 -14.6%
Lots Sold 453 509 -11.0%
Percent Sold 79.9% 76.7% 4.2%
Total Raised £108,683,700 £105,444,205 3.1%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 105 71 47.9%
Lots Sold 85 52 63.5%
Percent Sold 81.0% 73.2% 10.5%
Total Raised £60,589,000 £25,770,250 135.1%

North-East

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 437 579 -24.5%
Lots Sold 195 410 -52.4%
Percent Sold 44.6% 70.8% -37.0%
Total Raised £20,576,102 £38,628,675 -46.7%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 413 559 -26.1%
Lots Sold 185 400 -53.8%
Percent Sold 44.8% 71.6% -37.4%
Total Raised £13,956,602 £37,437,175 -62.7%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 24 20 20.0%
Lots Sold 10 10 0.0%
Percent Sold 41.7% 50.0% -16.7%
Total Raised £6,619,500 £1,191,500 455.6%

North-West

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 846 1143 -26.0%
Lots Sold 552 775 -28.8%
Percent Sold 65.2% 67.8% -3.8%
Total Raised £45,086,401 £65,711,900 -31.4%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 706 991 -28.8%
Lots Sold 461 677 -31.9%
Percent Sold 65.3% 68.3% -4.4%
Total Raised £31,277,701 £51,815,900 -39.6%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 140 152 -7.9%
Lots Sold 91 98 -7.1%
Percent Sold 65.0% 64.5% 0.8%
Total Raised £13,808,700 £13,896,000 -0.6%

North-West Home Counties

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 273 319 -14.4%
Lots Sold 181 236 -23.3%
Percent Sold 66.3% 74.0% -10.4%
Total Raised £47,039,900 £42,103,150 11.7%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 172 278 -38.1%
Lots Sold 120 206 -41.7%
Percent Sold 69.8% 74.1% -5.8%
Total Raised £25,905,000 £31,999,450 -19.0%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 101 41 146.3%
Lots Sold 61 30 103.3%
Percent Sold 60.4% 73.2% -17.5%
Total Raised £21,134,900 £10,103,700 109.2%

Scotland

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 245 155 58.1%
Lots Sold 120 111 8.1%
Percent Sold 49.0% 71.6% -31.6%
Total Raised £12,649,045 £7,625,750 65.9%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 199 110 80.9%
Lots Sold 86 77 11.7%
Percent Sold 43.2% 70.0% -38.3%
Total Raised £5,362,645 £5,874,350 -8.7%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 46 45 2.2%
Lots Sold 34 34 0.0%
Percent Sold 73.9% 75.6% -2.2%
Total Raised £7,286,400 £1,751,400 316.0%

South-East Home Counties

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 761 860 -11.5%
Lots Sold 560 631 -11.3%
Percent Sold 73.6% 73.4% 0.3%
Total Raised £102,286,956 £94,892,485 7.8%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 574 700 -18.0%
Lots Sold 426 522 -18.4%
Percent Sold 74.2% 74.6% -0.5%
Total Raised £71,026,256 £69,342,450 2.4%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 187 160 16.9%
Lots Sold 134 109 22.9%
Percent Sold 71.7% 68.1% 5.2%
Total Raised £31,260,700 £25,550,035 22.4%

South-West

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 465 608 -23.5%
Lots Sold 345 419 -17.7%
Percent Sold 74.2% 68.9% 7.7%
Total Raised £55,628,100 £54,216,100 2.6%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 333 473 -29.6%
Lots Sold 240 319 -24.8%
Percent Sold 72.1% 67.4% 6.9%
Total Raised £33,872,600 £40,147,850 -15.6%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 132 135 -2.2%
Lots Sold 105 100 5.0%
Percent Sold 79.5% 74.1% 7.4%
Total Raised £21,755,500 £14,068,250 54.6%

Wales

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 331 451 -26.6%
Lots Sold 219 311 -29.6%
Percent Sold 66.2% 69.0% -4.1%
Total Raised £22,575,800 £27,280,500 -17.2%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 280 396 -29.3%
Lots Sold 181 281 -35.6%
Percent Sold 64.6% 71.0% -8.9%
Total Raised £14,170,200 £24,132,150 -41.3%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 51 55 -7.3%
Lots Sold 38 30 26.7%
Percent Sold 74.5% 54.5% 36.6%
Total Raised £8,405,600 £3,148,350 167.0%

West Midlands

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 493 671 -26.5%
Lots Sold 337 455 -25.9%
Percent Sold 68.4% 67.8% 0.8%
Total Raised £40,937,580 £45,930,755 -10.9%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 387 594 -34.8%
Lots Sold 268 397 -32.5%
Percent Sold 69.3% 66.8% 3.6%
Total Raised £26,030,330 £35,335,505 -26.3%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 106 77 37.7%
Lots Sold 69 58 19.0%
Percent Sold 65.1% 75.3% -13.6%
Total Raised £14,907,250 £10,595,250 40.7%

Yorkshire and The Humber

Total
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 476 749 -36.4%
Lots Sold 332 523 -36.5%
Percent Sold 69.7% 69.8% -0.1%
Total Raised £35,270,500 £49,036,050 -28.1%
Residential
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 373 689 -45.9%
Lots Sold 257 478 -46.2%
Percent Sold 68.9% 69.4% -0.7%
Total Raised £22,965,950 £36,903,200 -37.8%
Commercial
November 2009 - January 2010 November 2008 -January 2009 Increase
Lots Offered 103 60 71.7%
Lots Sold 75 45 66.7%
Percent Sold 72.8% 75.0% -2.9%
Total Raised £12,304,550 £12,132,850 1.4%


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