Auction Data for April 2010


Essential Auction News

David Sandeman, Managing Director Welcome to the May 2010 newsletter giving an overview of auction activity for April and preceding periods. Notably the overall success rate has dropped to 60% from a recent average of above 70%. This has been against a backdrop of an uncertain general election result and continuing worries about the National and European economies. With the election behind us and a solution to the Greek crisis in hand we should be able to look forward to more positive results.

We have made several changes to our website. Clicking the back button after performing a search will now retain the search criteria used. We have also added extra tenancy types to search on, including registered rents and assured shorthold tenancies. We are continuing to bring many new features to the site so if you have any function or feature that you would like to see then please reply to this email.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

The number of lots offered was down only 5% in April 2010 compared with April 2009. In addition the quarterly figure saw an improvement of over 6%, an encouraging trend. The commercial market continues to recover in terms of lots offered and amount raised. The residential market saw falls on both the monthly and yearly figures, though rallying a small increase in lots offered and amount raised for the quarterly figures.

Total

Last Month Last Quarter Last Year
April 2010 April 2009 Increase February 2010 - April 2010 February 2009 - April 2009 Increase May 2009 - April 2010 May 2008 - April 2009 Increase
Lots Offered 2,219 2,333 -4.9% 8,543 8,033 6.3% 29,734 35,443 -16.1%
Lots Sold 1,344 1,641 -18.1% 5,899 5,898 0.0% 21,671 23,419 -7.5%
Percent Sold 60.6% 70.3% -13.8% 69.1% 73.4% -5.9% 72.9% 66.1% 10.3%
Total Raised £152,495,001 £170,241,874 -10.4% £848,348,117 £809,702,660 4.8% £3,420,977,607 £3,367,688,201 1.6%

Residential

Last Month Last Quarter Last Year
April 2010 April 2009 Increase February 2010 - April 2010 February 2009 - April 2009 Increase May 2009 - April 2010 May 2008 - April 2009 Increase
Lots Offered 1,848 1,953 -5.4% 6,856 6,642 3.2% 23,763 29,419 -19.2%
Lots Sold 1,095 1,368 -20.0% 4,692 4,861 -3.5% 17,200 19,282 -10.8%
Percent Sold 59.3% 70% -15.3% 68.4% 73.2% -6.6% 72.4% 65.5% 10.5%
Total Raised £124,297,351 £143,019,725 -13.1% £577,460,492 £549,100,260 5.2% £2,223,675,180 £2,356,847,153 -5.7%

Commercial

Last Month Last Quarter Last Year
April 2010 April 2009 Increase February 2010 - April 2010 February 2009 - April 2009 Increase May 2009 - April 2010 May 2008 - April 2009 Increase
Lots Offered 371 380 -2.4% 1,684 1,391 21.1% 5,968 6,024 -0.9%
Lots Sold 249 273 -8.8% 1,207 1,037 16.4% 4,471 4,137 8.1%
Percent Sold 67.1% 71.8% -6.5% 71.7% 74.6% -3.9% 74.9% 67.7% 10.6%
Total Raised £28,197,650 £27,222,149 3.6% £270,887,625 £260,602,400 3.9% £1,197,302,427 £1,010,841,048 18.4%


Regional Auction Analysis

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

East Anglia

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 356 215 65.6%
Lots Sold 245 154 59.1%
Percent Sold 68.8% 71.6% -3.9%
Total Raised £31,037,500 £29,193,450 6.3%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 272 179 52.0%
Lots Sold 189 128 47.7%
Percent Sold 69.5% 71.5% -2.8%
Total Raised £22,778,500 £14,961,700 52.2%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 84 36 133.3%
Lots Sold 56 26 115.4%
Percent Sold 66.7% 72.2% -7.6%
Total Raised £8,259,000 £14,231,750 -42.0%


East Midlands

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 623 675 -7.7%
Lots Sold 453 510 -11.2%
Percent Sold 72.7% 75.6% -3.8%
Total Raised £52,713,624 £49,806,900 5.8%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 525 562 -6.6%
Lots Sold 382 431 -11.4%
Percent Sold 72.8% 76.7% -5.1%
Total Raised £36,412,374 £36,652,400 -0.7%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 98 113 -13.3%
Lots Sold 71 79 -10.1%
Percent Sold 72.4% 69.9% 3.6%
Total Raised £16,301,250 £13,154,500 23.9%


London

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 973 853 14.1%
Lots Sold 763 690 10.6%
Percent Sold 78.4% 80.9% -3.1%
Total Raised £235,202,270 £167,457,700 40.5%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 819 778 5.3%
Lots Sold 642 631 1.7%
Percent Sold 78.4% 81.1% -3.3%
Total Raised £153,639,920 £135,589,700 13.3%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 154 75 105.3%
Lots Sold 121 59 105.1%
Percent Sold 78.6% 78.7% -0.1%
Total Raised £81,562,350 £31,868,000 155.9%


North-East

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 654 611 7.0%
Lots Sold 279 345 -19.1%
Percent Sold 42.7% 56.5% -24.4%
Total Raised £25,618,560 £38,561,535 -33.6%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 602 568 6.0%
Lots Sold 246 314 -21.7%
Percent Sold 40.9% 55.3% -26.0%
Total Raised £17,436,960 £26,905,975 -35.2%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 52 43 20.9%
Lots Sold 33 31 6.5%
Percent Sold 63.5% 72.1% -11.9%
Total Raised £8,181,600 £11,655,560 -29.8%


North-West

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 1,546 1,395 10.8%
Lots Sold 1,046 947 10.5%
Percent Sold 67.7% 67.9% -0.3%
Total Raised £89,872,221 £97,001,855 -7.3%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 1,243 1,133 9.7%
Lots Sold 849 770 10.3%
Percent Sold 68.3% 68% 0.4%
Total Raised £61,433,471 £60,670,105 1.3%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 303 262 15.6%
Lots Sold 197 177 11.3%
Percent Sold 65% 67.6% -3.8%
Total Raised £28,438,750 £36,331,750 -21.7%


North-West Home Counties

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 431 391 10.2%
Lots Sold 309 283 9.2%
Percent Sold 71.7% 72.4% -1.0%
Total Raised £68,989,325 £60,610,500 13.8%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 287 322 -10.9%
Lots Sold 208 235 -11.5%
Percent Sold 72.5% 73% -0.7%
Total Raised £41,122,500 £37,006,250 11.1%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 144 69 108.7%
Lots Sold 101 48 110.4%
Percent Sold 70.1% 69.6% 0.7%
Total Raised £27,866,825 £23,604,250 18.1%


Scotland

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 181 195 -7.2%
Lots Sold 120 120 0.0%
Percent Sold 66.3% 61.5% 7.8%
Total Raised £10,710,782 £11,673,835 -8.2%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 107 112 -4.5%
Lots Sold 63 67 -6.0%
Percent Sold 58.9% 59.8% -1.5%
Total Raised £4,552,782 £5,133,585 -11.3%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 74 83 -10.8%
Lots Sold 57 53 7.5%
Percent Sold 77% 63.9% 20.5%
Total Raised £6,158,000 £6,540,250 -5.8%


South-East Home Counties

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 995 1,011 -1.6%
Lots Sold 757 809 -6.4%
Percent Sold 76.1% 80% -4.9%
Total Raised £130,827,050 £130,389,640 0.3%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 760 821 -7.4%
Lots Sold 590 657 -10.2%
Percent Sold 77.6% 80% -3.0%
Total Raised £91,166,650 £82,587,640 10.4%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 235 190 23.7%
Lots Sold 167 152 9.9%
Percent Sold 71.1% 80% -11.1%
Total Raised £39,660,400 £47,802,000 -17.0%


South-West

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 607 565 7.4%
Lots Sold 441 464 -5.0%
Percent Sold 72.7% 82.1% -11.4%
Total Raised £63,268,899 £66,068,999 -4.2%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 447 405 10.4%
Lots Sold 307 324 -5.2%
Percent Sold 68.7% 80% -14.1%
Total Raised £46,002,299 £43,960,650 4.6%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 160 160 0.0%
Lots Sold 134 140 -4.3%
Percent Sold 83.8% 87.5% -4.2%
Total Raised £17,266,600 £22,108,349 -21.9%


Wales

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 573 546 4.9%
Lots Sold 364 400 -9.0%
Percent Sold 63.5% 73.3% -13.4%
Total Raised £30,194,900 £40,932,100 -26.2%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 464 423 9.7%
Lots Sold 293 300 -2.3%
Percent Sold 63.1% 70.9% -11.0%
Total Raised £22,998,400 £23,947,350 -4.0%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 109 123 -11.4%
Lots Sold 71 100 -29.0%
Percent Sold 65.1% 81.3% -19.9%
Total Raised £7,196,500 £16,984,750 -57.6%


West Midlands

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 801 739 8.4%
Lots Sold 581 541 7.4%
Percent Sold 72.5% 73.2% -1.0%
Total Raised £59,284,426 £50,290,000 17.9%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 652 619 5.3%
Lots Sold 469 454 3.3%
Percent Sold 71.9% 73.3% -1.9%
Total Raised £42,665,176 £34,987,500 21.9%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 149 120 24.2%
Lots Sold 112 87 28.7%
Percent Sold 75.2% 72.5% 3.7%
Total Raised £16,619,250 £15,302,500 8.6%


Yorkshire and The Humber

Total
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 779 832 -6.4%
Lots Sold 526 632 -16.8%
Percent Sold 67.5% 76% -11.2%
Total Raised £49,945,060 £67,415,646 -25.9%


Residential
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 657 715 -8.1%
Lots Sold 439 547 -19.7%
Percent Sold 66.8% 76.5% -12.7%
Total Raised £36,567,960 £46,396,905 -21.2%


Commercial
February 2010 - April 2010 February 2009 - April 2009 Increase
Lots Offered 122 117 4.3%
Lots Sold 87 85 2.4%
Percent Sold 71.3% 72.6% -1.8%
Total Raised £13,377,100 £21,018,741 -36.4%


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