Auction Data for September 2010


Essential Auction News

David Sandeman, Managing Director Welcome to the October newsletter covering September's auction activities as well as the running quarterly and yearly figures. A cursory glance at the national figures below show that 19 of the "increase" figures are a 'positive' whereas 17 are in negative territory. A sign of a levelling or improving market? In addition the overall sales rate was exactly the same (65%) as in July, and up on June's 61%.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

Following on from above, you will see that whilst the percentage sold for each of this year's periods was down on corresponding periods last year, the vast majority of the other metrics saw improvements. Overall lots offered was up 24.6% for September (lots sold up 15.7%), with the amount raised up 5.4%. These increases were reflected in the figures for the monthly residential and commercial sales as well, with commercial receipts being up 32% for the month and 11.9% for the year.

Total

Last Month Last Quarter Last Year
September 2010 September 2009 Increase July 2010 - September 2010 July 2009 - September 2009 Increase October 2009 - September 2010 October 2008 - September 2009 Increase
Lots Offered 4,101 3,291 24.6% 8,473 7,528 12.6% 30,900 31,238 -1.1%
Lots Sold 2,700 2,334 15.7% 5,593 5,433 2.9% 21,652 22,558 -4.0%
Percent Sold 65.8% 70.9% -7.2% 66% 72.2% -8.6% 70.1% 72.2% -2.9%
Total Raised £304,320,392 £288,606,614 5.4% £755,170,411 £845,001,195 -10.6% £3,352,411,561 £3,253,954,849 3.0%

Residential

Last Month Last Quarter Last Year
September 2010 September 2009 Increase July 2010 - September 2010 July 2009 - September 2009 Increase October 2009 - September 2010 October 2008 - September 2009 Increase
Lots Offered 3,454 2,770 24.7% 6,828 6,119 11.6% 24,573 25,740 -4.5%
Lots Sold 2,281 1,936 17.8% 4,505 4,376 2.9% 17,110 18,516 -7.6%
Percent Sold 66% 69.9% -5.6% 66% 71.5% -7.7% 69.6% 71.9% -3.2%
Total Raised £254,331,542 £250,747,114 1.4% £540,496,547 £558,582,955 -3.2% £2,203,363,667 £2,227,217,069 -1.1%

Commercial

Last Month Last Quarter Last Year
September 2010 September 2009 Increase July 2010 - September 2010 July 2009 - September 2009 Increase October 2009 - September 2010 October 2008 - September 2009 Increase
Lots Offered 647 521 24.2% 1,645 1,409 16.7% 6,324 5,498 15.0%
Lots Sold 419 398 5.3% 1,098 1,057 3.9% 4,542 4,042 12.4%
Percent Sold 64.8% 76.4% -15.2% 66.7% 75% -11.1% 71.8% 73.5% -2.3%
Total Raised £49,988,850 £37,859,500 32.0% £215,525,614 £286,418,240 -24.8% £1,149,047,894 £1,026,737,780 11.9%


Regional Auction Analysis

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

East Anglia

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 306 273 12.1%
Lots Sold 210 208 1.0%
Percent Sold 68.6% 76.2% -10.0%
Total Raised £24,536,950 £39,187,000 -37.4%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 236 217 8.8%
Lots Sold 162 158 2.5%
Percent Sold 68.6% 72.8% -5.8%
Total Raised £17,549,200 £23,610,000 -25.7%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 70 56 25.0%
Lots Sold 48 50 -4.0%
Percent Sold 68.6% 89.3% -23.2%
Total Raised £6,987,750 £15,577,000 -55.1%


East Midlands

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 676 563 20.1%
Lots Sold 473 423 11.8%
Percent Sold 70% 75.1% -6.8%
Total Raised £44,498,758 £48,201,450 -7.7%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 543 432 25.7%
Lots Sold 379 322 17.7%
Percent Sold 69.8% 74.5% -6.3%
Total Raised £31,799,758 £27,442,450 15.9%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 133 131 1.5%
Lots Sold 94 101 -6.9%
Percent Sold 70.7% 77.1% -8.3%
Total Raised £12,699,000 £20,759,000 -38.8%


London

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 856 838 2.1%
Lots Sold 630 696 -9.5%
Percent Sold 73.6% 83.1% -11.4%
Total Raised £191,700,400 £171,946,350 11.5%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 740 759 -2.5%
Lots Sold 549 626 -12.3%
Percent Sold 74.2% 82.5% -10.1%
Total Raised £144,541,900 £136,380,450 6.0%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 116 79 46.8%
Lots Sold 81 70 15.7%
Percent Sold 69.8% 88.6% -21.2%
Total Raised £47,158,500 £35,565,900 32.6%


North-East

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 678 519 30.6%
Lots Sold 349 282 23.8%
Percent Sold 51.5% 54.3% -5.2%
Total Raised £27,294,974 £26,294,331 3.8%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 628 477 31.7%
Lots Sold 329 256 28.5%
Percent Sold 52.4% 53.7% -2.4%
Total Raised £24,635,474 £20,989,331 17.4%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 50 42 19.0%
Lots Sold 20 26 -23.1%
Percent Sold 40% 61.9% -35.4%
Total Raised £2,659,500 £5,305,000 -49.9%


North-West

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 1,402 1,234 13.6%
Lots Sold 890 814 9.3%
Percent Sold 63.5% 66% -3.8%
Total Raised £86,583,362 £79,029,455 9.6%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 1,045 996 4.9%
Lots Sold 673 648 3.9%
Percent Sold 64.4% 65.1% -1.1%
Total Raised £52,064,162 £49,598,355 5.0%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 357 238 50.0%
Lots Sold 217 166 30.7%
Percent Sold 60.8% 69.7% -12.8%
Total Raised £34,519,200 £29,431,100 17.3%


North-West Home Counties

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 387 381 1.6%
Lots Sold 293 295 -0.7%
Percent Sold 75.7% 77.4% -2.2%
Total Raised £58,096,400 £85,554,550 -32.1%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 322 296 8.8%
Lots Sold 244 224 8.9%
Percent Sold 75.8% 75.7% 0.1%
Total Raised £43,462,150 £43,176,550 0.7%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 65 85 -23.5%
Lots Sold 49 71 -31.0%
Percent Sold 75.4% 83.5% -9.7%
Total Raised £14,634,250 £42,378,000 -65.5%


Scotland

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 165 171 -3.5%
Lots Sold 104 96 8.3%
Percent Sold 63% 56.1% 12.3%
Total Raised £15,639,425 £8,531,000 83.3%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 119 113 5.3%
Lots Sold 74 59 25.4%
Percent Sold 62.2% 52.2% 19.2%
Total Raised £4,368,425 £5,064,000 -13.7%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 46 58 -20.7%
Lots Sold 30 37 -18.9%
Percent Sold 65.2% 63.8% 2.2%
Total Raised £11,271,000 £3,467,000 225.1%


South-East Home Counties

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 1,059 924 14.6%
Lots Sold 747 734 1.8%
Percent Sold 70.5% 79.4% -11.2%
Total Raised £112,798,701 £133,121,669 -15.3%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 863 770 12.1%
Lots Sold 610 620 -1.6%
Percent Sold 70.7% 80.5% -12.2%
Total Raised £81,819,701 £96,685,919 -15.4%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 196 154 27.3%
Lots Sold 137 114 20.2%
Percent Sold 69.9% 74% -5.5%
Total Raised £30,979,000 £36,435,750 -15.0%


South-West

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 703 651 8.0%
Lots Sold 447 497 -10.1%
Percent Sold 63.6% 76.3% -16.6%
Total Raised £62,779,650 £90,703,250 -30.8%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 534 459 16.3%
Lots Sold 313 331 -5.4%
Percent Sold 58.6% 72.1% -18.7%
Total Raised £42,089,100 £49,663,050 -15.3%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 169 192 -12.0%
Lots Sold 134 166 -19.3%
Percent Sold 79.3% 86.5% -8.3%
Total Raised £20,690,550 £41,040,200 -49.6%


Wales

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 581 506 14.8%
Lots Sold 388 337 15.1%
Percent Sold 66.8% 66.6% 0.3%
Total Raised £27,348,161 £33,589,090 -18.6%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 454 406 11.8%
Lots Sold 306 276 10.9%
Percent Sold 67.4% 68% -0.9%
Total Raised £20,952,611 £24,652,400 -15.0%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 127 100 27.0%
Lots Sold 82 61 34.4%
Percent Sold 64.6% 61% 5.9%
Total Raised £6,395,550 £8,936,690 -28.4%


West Midlands

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 881 776 13.5%
Lots Sold 571 557 2.5%
Percent Sold 64.8% 71.8% -9.7%
Total Raised £62,465,609 £74,300,300 -15.9%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 701 609 15.1%
Lots Sold 453 439 3.2%
Percent Sold 64.6% 72.1% -10.4%
Total Raised £44,006,295 £45,669,800 -3.6%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 180 167 7.8%
Lots Sold 118 118 0.0%
Percent Sold 65.6% 70.7% -7.2%
Total Raised £18,459,314 £28,630,500 -35.5%


Yorkshire and The Humber

Total
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 750 689 8.9%
Lots Sold 482 491 -1.8%
Percent Sold 64.3% 71.3% -9.8%
Total Raised £40,914,521 £54,226,750 -24.5%


Residential
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 614 582 5.5%
Lots Sold 404 414 -2.4%
Percent Sold 65.8% 71.1% -7.5%
Total Raised £32,694,271 £35,334,650 -7.5%


Commercial
July 2010 - September 2010 July 2009 - September 2009 Increase
Lots Offered 136 107 27.1%
Lots Sold 88 77 14.3%
Percent Sold 64.7% 72% -10.1%
Total Raised £9,072,000 £18,892,100 -52.0%


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