Auction Data for November 2011


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Essential Auction News

David Sandeman, Managing Director Welcome to the December newsletter that looks at auctions held in October 2011 and the rolling quarterly and yearly figures. Whilst the media are reporting a decline in the number of house sales, last month saw a 10.4% overall increase in lots sold at auction very close to the rolling year increase of 9.6%. In addition the residential increase for the rolling year has been 10.1%. The overall percentage sold was 63.9% which was down from the rolling year average of 73.2%, but up on October 2010 which was 59.1%. The gradual improvement in the results that we have seen for the majority of months this year continues.

May I take this opportunity of wishing you all a peaceful and restful holiday and look forward to your continue support next year. As always I appreciate any feedback or suggestions you might have on our services and newsletters.



Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk
01737 232 289

National Auction Analysis

Overall the amount raised was up 28%, though as the tables below show this was largely due to a 174% increase in the value of commercial lots sold. Having noted that, the lots sold, percentage sold and amount raised for three periods in all three tables show an increase when compared with the same periods last year. A steady and continuing trend.

We are looking forward to publishing December’s results which we will send out early in January together with a more detailed look at 2011.


Total

Last Month Last Quarter Last Year
November 2011 November 2010 Increase September 2011 - November 2011 September 2010 - November 2010 Increase December 2010 - November 2011 December 2009 - November 2010 Increase
Lots Offered 2,164 2,120 2.1% 9,751 9,747 0.0% 32,478 31,474 3.2%
Lots Sold 1,382 1,252 10.4% 6,971 6,341 9.9% 23,764 21,678 9.6%
Percent Sold 63.9% 59.1% 8.1% 71.5% 65.1% 9.8% 73.2% 68.9% 6.2%
Total Raised £166,538,266 £129,554,068 28.5% £931,234,941 £845,756,484 10.1% £3,426,988,770 £3,305,665,931 3.7%

Residential

Last Month Last Quarter Last Year
November 2011 November 2010 Increase September 2011 - November 2011 September 2010 - November 2010 Increase December 2010 - November 2011 December 2009 - November 2010 Increase
Lots Offered 1,718 1,838 -6.5% 7,670 8,019 -4.4% 25,935 25,142 3.2%
Lots Sold 1,098 1,078 1.9% 5,505 5,201 5.8% 18,970 17,234 10.1%
Percent Sold 63.9% 58.7% 8.9% 71.8% 64.9% 10.6% 73.1% 68.5% 6.7%
Total Raised £113,617,355 £110,302,918 3.0% £638,589,575 £626,946,934 1.9% £2,278,828,291 £2,197,544,887 3.7%

Commercial

Last Month Last Quarter Last Year
November 2011 November 2010 Increase September 2011 - November 2011 September 2010 - November 2010 Increase December 2010 - November 2011 December 2009 - November 2010 Increase
Lots Offered 440 282 56.0% 2,054 1,728 18.9% 6,543 6,329 3.4%
Lots Sold 284 174 63.2% 1,453 1,140 27.5% 4,794 4,444 7.9%
Percent Sold 64.5% 61.7% 4.5% 70.7% 66% 7.1% 73.3% 70.2% 4.4%
Total Raised £52,920,911 £19,251,150 174.9% £291,706,866 £218,809,550 33.3% £1,148,160,479 £1,108,121,044 3.6%


Regional Auction Analysis

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

East Anglia

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 264 282 -6.4%
Lots Sold 208 202 3.0%
Percent Sold 78.8% 71.6% 10.1%
Total Raised £31,093,500 £27,189,950 14.4%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 189 233 -18.9%
Lots Sold 152 166 -8.4%
Percent Sold 80.4% 71.2% 12.9%
Total Raised £21,630,500 £18,242,250 18.6%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 75 49 53.1%
Lots Sold 56 36 55.6%
Percent Sold 74.7% 73.5% 1.6%
Total Raised £9,463,000 £8,947,700 5.8%


East Midlands

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 766 789 -2.9%
Lots Sold 574 536 7.1%
Percent Sold 74.9% 67.9% 10.3%
Total Raised £64,922,612 £53,869,070 20.5%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 564 643 -12.3%
Lots Sold 426 442 -3.6%
Percent Sold 75.5% 68.7% 9.9%
Total Raised £38,024,062 £40,826,320 -6.9%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 202 146 38.4%
Lots Sold 148 94 57.4%
Percent Sold 73.3% 64.4% 13.8%
Total Raised £26,898,550 £13,042,750 106.2%


London

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 807 985 -18.1%
Lots Sold 631 722 -12.6%
Percent Sold 78.2% 73.3% 6.7%
Total Raised £184,151,175 £235,173,800 -21.7%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 708 858 -17.5%
Lots Sold 554 626 -11.5%
Percent Sold 78.2% 73% 7.1%
Total Raised £140,605,075 £182,761,750 -23.1%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 99 127 -22.0%
Lots Sold 77 96 -19.8%
Percent Sold 77.8% 75.6% 2.9%
Total Raised £43,546,100 £52,412,050 -16.9%


North-East

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 654 830 -21.2%
Lots Sold 476 405 17.5%
Percent Sold 72.8% 48.8% 49.2%
Total Raised £37,960,361 £32,471,002 16.9%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 589 775 -24.0%
Lots Sold 432 379 14.0%
Percent Sold 73.3% 48.9% 49.9%
Total Raised £31,232,061 £27,015,502 15.6%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 65 55 18.2%
Lots Sold 44 26 69.2%
Percent Sold 67.7% 47.3% 43.1%
Total Raised £6,728,300 £5,455,500 23.3%


North-West

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 1,644 1,571 4.6%
Lots Sold 1,137 989 15.0%
Percent Sold 69.2% 63% 9.8%
Total Raised £99,700,101 £93,178,694 7.0%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 1,262 1,196 5.5%
Lots Sold 878 761 15.4%
Percent Sold 69.6% 63.6% 9.4%
Total Raised £63,795,835 £63,569,744 0.4%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 382 375 1.9%
Lots Sold 259 228 13.6%
Percent Sold 67.8% 60.8% 11.5%
Total Raised £35,904,266 £29,608,950 21.3%


North-West Home Counties

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 407 402 1.2%
Lots Sold 310 286 8.4%
Percent Sold 76.2% 71.1% 7.2%
Total Raised £72,374,995 £55,166,150 31.2%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 322 329 -2.1%
Lots Sold 251 238 5.5%
Percent Sold 78% 72.3% 7.9%
Total Raised £45,375,495 £40,158,650 13.0%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 85 73 16.4%
Lots Sold 59 48 22.9%
Percent Sold 69.4% 65.8% 5.5%
Total Raised £26,999,500 £15,007,500 79.9%


Scotland

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 240 236 1.7%
Lots Sold 101 138 -26.8%
Percent Sold 42.1% 58.5% -28.0%
Total Raised £7,874,866 £9,578,275 -17.8%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 164 195 -15.9%
Lots Sold 69 115 -40.0%
Percent Sold 42.1% 59% -28.6%
Total Raised £3,346,366 £6,775,175 -50.6%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 76 41 85.4%
Lots Sold 32 23 39.1%
Percent Sold 42.1% 56.1% -25.0%
Total Raised £4,528,500 £2,803,100 61.6%


South-East Home Counties

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 1,038 1,086 -4.4%
Lots Sold 780 766 1.8%
Percent Sold 75.1% 70.5% 6.5%
Total Raised £137,751,379 £116,566,745 18.2%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 803 868 -7.5%
Lots Sold 606 622 -2.6%
Percent Sold 75.5% 71.7% 5.3%
Total Raised £88,697,129 £84,925,945 4.4%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 235 218 7.8%
Lots Sold 174 144 20.8%
Percent Sold 74% 66.1% 12.0%
Total Raised £49,054,250 £31,640,800 55.0%


South-West

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 928 775 19.7%
Lots Sold 635 507 25.2%
Percent Sold 68.4% 65.4% 4.6%
Total Raised £92,390,901 £66,084,300 39.8%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 663 591 12.2%
Lots Sold 431 361 19.4%
Percent Sold 65% 61.1% 6.4%
Total Raised £59,302,901 £45,874,250 29.3%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 265 184 44.0%
Lots Sold 204 146 39.7%
Percent Sold 77% 79.3% -2.9%
Total Raised £33,088,000 £20,210,050 63.7%


Wales

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 673 794 -15.2%
Lots Sold 470 504 -6.7%
Percent Sold 69.8% 63.5% 9.9%
Total Raised £36,812,996 £39,224,756 -6.1%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 525 631 -16.8%
Lots Sold 370 398 -7.0%
Percent Sold 70.5% 63.1% 11.7%
Total Raised £28,103,846 £26,403,206 6.4%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 148 163 -9.2%
Lots Sold 100 106 -5.7%
Percent Sold 67.6% 65% 4.0%
Total Raised £8,709,150 £12,821,550 -32.1%


West Midlands

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 1,061 919 15.5%
Lots Sold 793 569 39.4%
Percent Sold 74.7% 61.9% 20.7%
Total Raised £90,664,000 £57,246,546 58.4%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 795 763 4.2%
Lots Sold 600 473 26.8%
Percent Sold 75.5% 62% 21.8%
Total Raised £58,938,500 £42,403,996 39.0%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 266 156 70.5%
Lots Sold 193 96 101.0%
Percent Sold 72.6% 61.5% 18.0%
Total Raised £31,725,500 £14,842,550 113.7%


Yorkshire and The Humber

Total
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 1,086 934 16.3%
Lots Sold 771 663 16.3%
Percent Sold 71% 71% 0.0%
Total Raised £69,287,055 £57,233,446 21.1%


Residential
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 930 793 17.3%
Lots Sold 664 566 17.3%
Percent Sold 71.4% 71.4% 0.0%
Total Raised £54,225,305 £45,216,396 19.9%


Commercial
September 2011 - November 2011 September 2010 - November 2010 Increase
Lots Offered 156 141 10.6%
Lots Sold 107 97 10.3%
Percent Sold 68.6% 68.8% -0.3%
Total Raised £15,061,750 £12,017,050 25.3%


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