Auction Data for June 2010


Essential Auction News

David Sandeman, Managing Director Welcome to the July newsletter which reports on auction activity in June 2010 and other related periods.

The overall sales rate has fallen slightly to 61%, which continues the trend of sale rates fluctuating between the low and high 60's during the first half of 2010.

I am pleased to inform users of our website that you can now perform a postcode radius search. This feature is accessible via the detailed search section of the property search page. We hope to bring many more useful features to the site in the upcoming months. If you have any suggestions then please reply to this email.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

Overall volumes of lots offered and lots sold in June was down when compared to June 2009. However, the quarterly figures show signs of improvement, whilst the year-on-year comparisons reveal an increase in the sale rate and the total raised from auctions.

Despite seeing reductions in the volume of residential lots being offered and sold, the quarterly and yearly comparisons show only very slight falls in amounts raised indicating that average lot values have increased.

Figures for the commercial market continue to improve, with lots offered increasing by over 8% when compared to June 2009 and total receipts last month totalling more than £30 million, a 23% rise. A strengthening commercial market is further apparent when analysing the yearly figures, with total receipts up 25% in the last 12 months when compared to the previous year.

Total

Last Month Last Quarter Last Year
June 2010 June 2009 Increase April 2010 - June 2010 April 2009 - June 2009 Increase July 2009 - June 2010 July 2008 - June 2009 Increase
Lots Offered 2,458 2,687 -8.5% 7,433 7,321 1.5% 29,973 33,537 -10.6%
Lots Sold 1,509 1,908 -20.9% 4,840 5,267 -8.1% 21,491 23,093 -6.9%
Percent Sold 61.4% 71% -13.5% 65.1% 71.9% -9.5% 71.7% 68.9% 4.1%
Total Raised £194,739,406 £232,350,933 -16.2% £725,234,956 £751,615,495 -3.5% £3,461,000,811 £3,265,432,048 6.0%

Residential

Last Month Last Quarter Last Year
June 2010 June 2009 Increase April 2010 - June 2010 April 2009 - June 2009 Increase July 2009 - June 2010 July 2008 - June 2009 Increase
Lots Offered 2,039 2,301 -11.4% 5,985 5,964 0.4% 23,882 27,909 -14.4%
Lots Sold 1,226 1,637 -25.1% 3,843 4,270 -10.0% 16,975 19,110 -11.2%
Percent Sold 60.1% 71.1% -15.5% 64.2% 71.6% -10.3% 71.1% 68.5% 3.8%
Total Raised £164,363,551 £207,731,457 -20.9% £520,157,051 £524,814,084 -0.9% £2,244,954,791 £2,293,735,134 -2.1%

Commercial

Last Month Last Quarter Last Year
June 2010 June 2009 Increase April 2010 - June 2010 April 2009 - June 2009 Increase July 2009 - June 2010 July 2008 - June 2009 Increase
Lots Offered 419 386 8.5% 1,448 1,357 6.7% 6,088 5,628 8.2%
Lots Sold 283 271 4.4% 997 997 0.0% 4,516 3,983 13.4%
Percent Sold 67.5% 70.2% -3.8% 68.9% 73.5% -6.3% 74.2% 70.8% 4.8%
Total Raised £30,375,855 £24,619,476 23.4% £205,077,905 £226,801,411 -9.6% £1,216,046,020 £971,696,914 25.1%


Regional Auction Analysis

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

East Anglia

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 241 249 -3.2%
Lots Sold 171 181 -5.5%
Percent Sold 71% 72.7% -2.3%
Total Raised £30,958,827 £21,941,500 41.1%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 200 208 -3.8%
Lots Sold 140 153 -8.5%
Percent Sold 70% 73.6% -4.9%
Total Raised £24,051,827 £14,073,000 70.9%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 41 41 0.0%
Lots Sold 31 28 10.7%
Percent Sold 75.6% 68.3% 10.7%
Total Raised £6,907,000 £7,868,500 -12.2%


East Midlands

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 528 526 0.4%
Lots Sold 351 401 -12.5%
Percent Sold 66.5% 76.2% -12.7%
Total Raised £41,207,405 £39,582,426 4.1%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 430 421 2.1%
Lots Sold 282 323 -12.7%
Percent Sold 65.6% 76.7% -14.5%
Total Raised £30,822,200 £30,901,900 -0.3%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 98 105 -6.7%
Lots Sold 69 78 -11.5%
Percent Sold 70.4% 74.3% -5.2%
Total Raised £10,385,205 £8,680,526 19.6%


London

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 644 733 -12.1%
Lots Sold 491 551 -10.9%
Percent Sold 76.2% 75.2% 1.3%
Total Raised £165,767,560 £170,272,150 -2.6%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 563 662 -15.0%
Lots Sold 433 501 -13.6%
Percent Sold 76.9% 75.7% 1.6%
Total Raised £124,555,560 £138,303,150 -9.9%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 81 71 14.1%
Lots Sold 58 50 16.0%
Percent Sold 71.6% 70.4% 1.7%
Total Raised £41,212,000 £31,969,000 28.9%


North-East

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 664 574 15.7%
Lots Sold 232 301 -22.9%
Percent Sold 34.9% 52.4% -33.4%
Total Raised £18,012,435 £29,698,880 -39.3%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 612 506 20.9%
Lots Sold 210 266 -21.1%
Percent Sold 34.3% 52.6% -34.8%
Total Raised £15,217,235 £23,994,630 -36.6%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 52 68 -23.5%
Lots Sold 22 35 -37.1%
Percent Sold 42.3% 51.5% -17.9%
Total Raised £2,795,200 £5,704,250 -51.0%


North-West

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 1,244 1,266 -1.7%
Lots Sold 795 881 -9.8%
Percent Sold 63.9% 69.6% -8.2%
Total Raised £80,792,050 £81,947,357 -1.4%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 964 1,028 -6.2%
Lots Sold 612 708 -13.6%
Percent Sold 63.5% 68.9% -7.8%
Total Raised £50,507,950 £54,441,807 -7.2%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 280 238 17.6%
Lots Sold 183 173 5.8%
Percent Sold 65.4% 71.7% -8.8%
Total Raised £30,284,100 £27,505,550 10.1%


North-West Home Counties

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 371 278 33.5%
Lots Sold 261 209 24.9%
Percent Sold 70.4% 75.2% -6.4%
Total Raised £56,631,549 £52,527,350 7.8%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 271 229 18.3%
Lots Sold 191 176 8.5%
Percent Sold 70.5% 76.9% -8.3%
Total Raised £38,560,049 £32,979,850 16.9%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 100 49 104.1%
Lots Sold 70 33 112.1%
Percent Sold 70% 67.3% 4.0%
Total Raised £18,071,500 £19,547,500 -7.6%


Scotland

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 209 205 2.0%
Lots Sold 120 122 -1.6%
Percent Sold 57.4% 59.5% -3.5%
Total Raised £11,459,381 £14,949,400 -23.3%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 153 106 44.3%
Lots Sold 84 63 33.3%
Percent Sold 54.9% 59.4% -7.6%
Total Raised £5,882,181 £4,816,600 22.1%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 56 99 -43.4%
Lots Sold 36 59 -39.0%
Percent Sold 64.3% 59.6% 7.9%
Total Raised £5,577,200 £10,132,800 -45.0%


South-East Home Counties

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 975 822 18.6%
Lots Sold 732 662 10.6%
Percent Sold 75.1% 80.5% -6.7%
Total Raised £125,964,750 £118,947,148 5.9%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 785 679 15.6%
Lots Sold 596 550 8.4%
Percent Sold 75.9% 81% -6.3%
Total Raised £95,123,500 £79,857,112 19.1%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 190 143 32.9%
Lots Sold 136 112 21.4%
Percent Sold 71.6% 78.3% -8.6%
Total Raised £30,841,250 £39,090,036 -21.1%


South-West

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 612 586 4.4%
Lots Sold 438 437 0.2%
Percent Sold 71.6% 74.6% -4.0%
Total Raised £65,601,850 £64,649,849 1.5%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 432 429 0.7%
Lots Sold 287 308 -6.8%
Percent Sold 66.4% 71.8% -7.5%
Total Raised £44,609,000 £42,398,950 5.2%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 180 157 14.6%
Lots Sold 151 129 17.1%
Percent Sold 83.9% 82.2% 2.1%
Total Raised £20,992,850 £22,250,899 -5.7%


Wales

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 539 617 -12.6%
Lots Sold 331 453 -26.9%
Percent Sold 61.4% 73.4% -16.3%
Total Raised £29,045,400 £43,664,285 -33.5%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 415 465 -10.8%
Lots Sold 258 336 -23.2%
Percent Sold 62.2% 72.3% -14.0%
Total Raised £20,759,900 £26,396,685 -21.4%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 124 152 -18.4%
Lots Sold 73 117 -37.6%
Percent Sold 58.9% 77% -23.5%
Total Raised £8,285,500 £17,267,600 -52.0%


West Midlands

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 760 753 0.9%
Lots Sold 481 552 -12.9%
Percent Sold 63.3% 73.3% -13.6%
Total Raised £56,488,000 £65,509,045 -13.8%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 611 617 -1.0%
Lots Sold 380 448 -15.2%
Percent Sold 62.2% 72.6% -14.3%
Total Raised £39,287,050 £39,954,945 -1.7%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 149 136 9.6%
Lots Sold 101 104 -2.9%
Percent Sold 67.8% 76.5% -11.4%
Total Raised £17,200,950 £25,554,100 -32.7%


Yorkshire and The Humber

Total
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 635 709 -10.4%
Lots Sold 426 516 -17.4%
Percent Sold 67.1% 72.8% -7.8%
Total Raised £42,889,749 £47,810,605 -10.3%


Residential
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 538 611 -11.9%
Lots Sold 359 437 -17.8%
Percent Sold 66.7% 71.5% -6.7%
Total Raised £30,364,599 £36,579,955 -17.0%


Commercial
April 2010 - June 2010 April 2009 - June 2009 Increase
Lots Offered 97 98 -1.0%
Lots Sold 67 79 -15.2%
Percent Sold 69.1% 80.6% -14.3%
Total Raised £12,525,150 £11,230,650 11.5%


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