Auction Data for March 2011


Essential Auction News

David Sandeman, Managing Director Welcome to the April newsletter that looks at the past month, quarter and year, and compares them with the same periods last year. Whilst the overall sales rate crept over the 70% for the first time since February 2010 (lowest was 58% in September 2010) the value of lots sold was down 22% at £274M compared with March 2010. A more detailed analysis is below.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

March 2011 was in complete contrast to February 2011. Last month saw falls across both the residential and commercial sector in both lots offered and sold, and in the amount raised. February however saw increases in the very same metrics, though percent sold was down in February but up in March.

The real change in March came in the commercial sector where lots offered and sold were down 26% and amount raised down 52%. The residential sector saw a drop in lots sold of only 1.7% and total raised slipped only 0.9%. The improvement in sale rate and reduction in lots offered and amount raised would suggest that one of the factors could be auctioneers being more selective on the lots taken into auction and that the average lot size has fallen in the commercial sector (see table below).

Average Lot Size
March 2011 March 2010 % Change
Res & Com Combined £140,625 £168,207 -16%
Res Only £128,481 £127,429 1%
Com Only £194,971 £305,263 -36%

Total

Last Month Last Quarter Last Year
March 2011 March 2010 Increase January 2011 - March 2011 January 2010 - March 2010 Increase April 2010 - March 2011 April 2009 - March 2010 Increase
Lots Offered 2,756 3,042 -9.4% 6,792 6,651 2.1% 31,623 29,850 5.9%
Lots Sold 1,949 2,102 -7.3% 4,794 4,717 1.6% 21,867 22,056 -0.9%
Percent Sold 70.7% 69.1% 2.3% 70.6% 70.9% -0.4% 69.1% 73.9% -6.5%
Total Raised £274,079,963 £353,571,875 -22.5% £677,613,103 £711,518,166 -4.8% £3,242,033,209 £3,448,027,381 -6.0%

Residential

Last Month Last Quarter Last Year
March 2011 March 2010 Increase January 2011 - March 2011 January 2010 - March 2010 Increase April 2010 - March 2011 April 2009 - March 2010 Increase
Lots Offered 2,245 2,355 -4.7% 5,558 5,312 4.6% 25,527 23,868 7.0%
Lots Sold 1,593 1,620 -1.7% 3,942 3,760 4.8% 17,553 17,557 0.0%
Percent Sold 71% 68.8% 3.2% 70.9% 70.8% 0.1% 68.8% 73.6% -6.5%
Total Raised £204,670,236 £206,434,975 -0.9% £480,874,345 £470,011,441 2.3% £2,213,375,982 £2,252,361,805 -1.7%

Commercial

Last Month Last Quarter Last Year
March 2011 March 2010 Increase January 2011 - March 2011 January 2010 - March 2010 Increase April 2010 - March 2011 April 2009 - March 2010 Increase
Lots Offered 509 687 -25.9% 1,234 1,336 -7.6% 6,096 5,979 2.0%
Lots Sold 356 482 -26.1% 852 957 -11.0% 4,314 4,499 -4.1%
Percent Sold 69.9% 70.2% -0.4% 69% 71.6% -3.6% 70.8% 75.2% -5.9%
Total Raised £69,409,727 £147,136,900 -52.8% £196,738,758 £241,506,725 -18.5% £1,028,657,227 £1,195,665,576 -14.0%


Regional Auction Analysis

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

East Anglia

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 208 249 -16.5%
Lots Sold 149 159 -6.3%
Percent Sold 71.6% 63.9% 12.1%
Total Raised £21,488,650 £21,785,600 -1.4%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 165 180 -8.3%
Lots Sold 123 116 6.0%
Percent Sold 74.5% 64.4% 15.7%
Total Raised £13,426,650 £14,398,100 -6.7%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 43 69 -37.7%
Lots Sold 26 43 -39.5%
Percent Sold 60.5% 62.3% -2.9%
Total Raised £8,062,000 £7,387,500 9.1%


East Midlands

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 511 543 -5.9%
Lots Sold 356 409 -13.0%
Percent Sold 69.7% 75.3% -7.4%
Total Raised £32,534,511 £48,275,874 -32.6%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 431 448 -3.8%
Lots Sold 309 343 -9.9%
Percent Sold 71.7% 76.6% -6.4%
Total Raised £25,179,861 £31,993,624 -21.3%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 80 95 -15.8%
Lots Sold 47 66 -28.8%
Percent Sold 58.8% 69.5% -15.4%
Total Raised £7,354,650 £16,282,250 -54.8%


London

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 813 899 -9.6%
Lots Sold 661 708 -6.6%
Percent Sold 81.3% 78.8% 3.2%
Total Raised £200,629,500 £222,680,160 -9.9%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 695 751 -7.5%
Lots Sold 567 588 -3.6%
Percent Sold 81.6% 78.3% 4.2%
Total Raised £143,260,750 £141,341,810 1.4%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 118 148 -20.3%
Lots Sold 94 120 -21.7%
Percent Sold 79.7% 81.1% -1.7%
Total Raised £57,368,750 £81,338,350 -29.5%


North-East

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 613 518 18.3%
Lots Sold 336 264 27.3%
Percent Sold 54.8% 51% 7.5%
Total Raised £25,215,415 £24,932,400 1.1%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 562 474 18.6%
Lots Sold 314 236 33.1%
Percent Sold 55.9% 49.8% 12.2%
Total Raised £22,946,665 £17,367,300 32.1%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 51 44 15.9%
Lots Sold 22 28 -21.4%
Percent Sold 43.1% 63.6% -32.2%
Total Raised £2,268,750 £7,565,100 -70.0%


North-West

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 974 1,056 -7.8%
Lots Sold 670 738 -9.2%
Percent Sold 68.8% 69.9% -1.6%
Total Raised £58,471,411 £60,307,421 -3.0%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 757 867 -12.7%
Lots Sold 525 608 -13.7%
Percent Sold 69.4% 70.1% -1.0%
Total Raised £40,860,461 £44,032,371 -7.2%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 217 189 14.8%
Lots Sold 145 130 11.5%
Percent Sold 66.8% 68.8% -2.9%
Total Raised £17,610,950 £16,275,050 8.2%


North-West Home Counties

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 276 373 -26.0%
Lots Sold 203 270 -24.8%
Percent Sold 73.6% 72.4% 1.7%
Total Raised £58,093,850 £62,876,325 -7.6%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 207 243 -14.8%
Lots Sold 154 179 -14.0%
Percent Sold 74.4% 73.7% 0.9%
Total Raised £30,319,000 £35,931,000 -15.6%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 69 130 -46.9%
Lots Sold 49 91 -46.2%
Percent Sold 71% 70% 1.4%
Total Raised £27,774,850 £26,945,325 3.1%


Scotland

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 136 139 -2.2%
Lots Sold 80 91 -12.1%
Percent Sold 58.8% 65.5% -10.2%
Total Raised £8,236,720 £9,378,351 -12.2%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 107 80 33.8%
Lots Sold 65 47 38.3%
Percent Sold 60.7% 58.8% 3.2%
Total Raised £5,132,220 £3,299,401 55.6%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 29 59 -50.8%
Lots Sold 15 44 -65.9%
Percent Sold 51.7% 74.6% -30.7%
Total Raised £3,104,500 £6,078,950 -48.9%


South-East Home Counties

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 791 733 7.9%
Lots Sold 587 572 2.6%
Percent Sold 74.2% 78% -4.9%
Total Raised £114,341,900 £104,567,800 9.3%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 649 549 18.2%
Lots Sold 475 443 7.2%
Percent Sold 73.2% 80.7% -9.3%
Total Raised £87,409,450 £69,990,400 24.9%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 142 184 -22.8%
Lots Sold 112 129 -13.2%
Percent Sold 78.9% 70.1% 12.6%
Total Raised £26,932,450 £34,577,400 -22.1%


South-West

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 465 429 8.4%
Lots Sold 338 308 9.7%
Percent Sold 72.7% 71.8% 1.3%
Total Raised £42,090,381 £41,138,299 2.3%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 353 325 8.6%
Lots Sold 250 226 10.6%
Percent Sold 70.8% 69.5% 1.9%
Total Raised £28,694,050 £31,136,799 -7.8%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 112 104 7.7%
Lots Sold 88 82 7.3%
Percent Sold 78.6% 78.8% -0.3%
Total Raised £13,396,331 £10,001,500 33.9%


Wales

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 511 439 16.4%
Lots Sold 349 300 16.3%
Percent Sold 68.3% 68.3% 0.0%
Total Raised £27,194,750 £25,296,750 7.5%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 402 358 12.3%
Lots Sold 274 246 11.4%
Percent Sold 68.2% 68.7% -0.7%
Total Raised £18,594,750 £18,925,250 -1.7%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 109 81 34.6%
Lots Sold 75 54 38.9%
Percent Sold 68.8% 66.7% 3.1%
Total Raised £8,600,000 £6,371,500 35.0%


West Midlands

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 685 645 6.2%
Lots Sold 520 464 12.1%
Percent Sold 75.9% 71.9% 5.6%
Total Raised £43,973,202 £47,671,926 -7.8%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 578 524 10.3%
Lots Sold 442 375 17.9%
Percent Sold 76.5% 71.6% 6.8%
Total Raised £30,855,102 £32,564,676 -5.2%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 107 121 -11.6%
Lots Sold 78 89 -12.4%
Percent Sold 72.9% 73.6% -1.0%
Total Raised £13,118,100 £15,107,250 -13.2%


Yorkshire and The Humber

Total
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 767 611 25.5%
Lots Sold 521 426 22.3%
Percent Sold 67.9% 69.7% -2.6%
Total Raised £44,127,213 £42,172,760 4.6%


Residential
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 612 499 22.6%
Lots Sold 420 345 21.7%
Percent Sold 68.6% 69.1% -0.7%
Total Raised £32,979,786 £28,596,210 15.3%


Commercial
January 2011 - March 2011 January 2010 - March 2010 Increase
Lots Offered 155 112 38.4%
Lots Sold 101 81 24.7%
Percent Sold 65.2% 72.3% -9.8%
Total Raised £11,147,427 £13,576,550 -17.9%


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