Auction Data for January 2011


Essential Auction News

David Sandeman, Managing Director Welcome to February's newsletter giving an overview of January's results and preceding periods. January has always been a relatively quiet month for auctions, but looking through past newsletters (view here), the effect of the changing market conditions are all to evident. In January 2007, 582 lots were offered, of which 82% sold raising £63.3m. Move the clock on 3 years and in January 2010 the figures were 324 lots offered of which 62% sold raising £22.3m.

The good news is that the trends that we have started to see over the last few months were evident in January 2011 with 521 lots offered (up 60%), almost 64% selling (up 3%) and raising £25.9m (up 15.8%). Whilst only a handful of auctions were held, hopefully it bodes well for 2011.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

As reported above the declines in numbers that we have seen over the past 3 years have been arrested or reversed. Overall on a year on year basis the lots offered was up 8.3% and lots sold steady with an increase of 0.7%. The amount raised only slipped 2.4%. In the residential market both lots offered and sold were up, with the amount raised being only £442,000 down on the preceding year.

This month will see most of the major auction houses hold a sale and next month's newsletter will give a good indication as to how 2011 will fare.

Total

Last Month Last Quarter Last Year
January 2011 January 2010 Increase November 2010 - January 2011 November 2009 - January 2010 Increase February 2010 - January 2011 February 2009 - January 2010 Increase
Lots Offered 521 324 60.8% 5,914 5,627 5.1% 31,659 29,235 8.3%
Lots Sold 333 201 65.7% 3,915 3,828 2.3% 22,128 21,973 0.7%
Percent Sold 63.9% 62% 3.1% 66.2% 68% -2.6% 69.9% 75.2% -7.0%
Total Raised £25,902,390 £22,367,050 15.8% £557,900,395 £608,742,634 -8.4% £3,355,134,704 £3,438,804,896 -2.4%

Residential

Last Month Last Quarter Last Year
January 2011 January 2010 Increase November 2010 - January 2011 November 2009 - January 2010 Increase February 2010 - January 2011 February 2009 - January 2010 Increase
Lots Offered 490 303 61.7% 4,943 4,476 10.4% 25,459 23,554 8.1%
Lots Sold 317 187 69.5% 3,239 3,019 7.3% 17,654 17,619 0.2%
Percent Sold 64.7% 61.7% 4.9% 65.5% 67.4% -2.8% 69.3% 74.8% -7.4%
Total Raised £24,873,790 £20,472,800 21.5% £368,023,363 £384,738,534 -4.3% £2,228,022,810 £2,228,464,044 0.0%

Commercial

Last Month Last Quarter Last Year
January 2011 January 2010 Increase November 2010 - January 2011 November 2009 - January 2010 Increase February 2010 - January 2011 February 2009 - January 2010 Increase
Lots Offered 25 21 19.0% 971 1,151 -15.6% 6,197 5,681 9.1%
Lots Sold 13 14 -7.1% 676 809 -16.4% 4,474 4,354 2.8%
Percent Sold 52% 66.7% -22.0% 69.6% 70.3% -1.0% 72.2% 76.6% -5.7%
Total Raised £704,600 £1,894,250 -62.8% £189,877,032 £224,004,100 -15.2% £1,127,111,894 £1,210,340,852 -6.9%


Regional Auction Analysis

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

East Anglia

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 168 184 -8.7%
Lots Sold 112 144 -22.2%
Percent Sold 66.7% 78.3% -14.8%
Total Raised £14,188,250 £23,741,350 -40.2%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 143 131 9.2%
Lots Sold 93 100 -7.0%
Percent Sold 65% 76.3% -14.8%
Total Raised £10,380,250 £10,225,850 1.5%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 25 53 -52.8%
Lots Sold 19 44 -56.8%
Percent Sold 76% 83% -8.4%
Total Raised £3,808,000 £13,515,500 -71.8%


East Midlands

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 446 429 4.0%
Lots Sold 332 297 11.8%
Percent Sold 74.4% 69.2% 7.5%
Total Raised £37,041,895 £33,239,700 11.4%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 376 326 15.3%
Lots Sold 284 234 21.4%
Percent Sold 75.5% 71.8% 5.2%
Total Raised £24,707,045 £20,823,200 18.7%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 70 103 -32.0%
Lots Sold 48 63 -23.8%
Percent Sold 68.6% 61.2% 12.1%
Total Raised £12,334,850 £12,416,500 -0.7%


London

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 547 672 -18.6%
Lots Sold 425 538 -21.0%
Percent Sold 77.7% 80.1% -3.0%
Total Raised £143,656,501 £169,272,700 -15.1%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 461 567 -18.7%
Lots Sold 356 453 -21.4%
Percent Sold 77.2% 79.9% -3.4%
Total Raised £94,545,000 £108,683,700 -13.0%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 86 105 -18.1%
Lots Sold 69 85 -18.8%
Percent Sold 80.2% 81% -1.0%
Total Raised £49,111,501 £60,589,000 -18.9%


North-East

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 645 437 47.6%
Lots Sold 292 195 49.7%
Percent Sold 45.3% 44.6% 1.6%
Total Raised £23,704,043 £20,576,102 15.2%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 607 413 47.0%
Lots Sold 271 185 46.5%
Percent Sold 44.6% 44.8% -0.4%
Total Raised £21,088,043 £13,956,602 51.1%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 38 24 58.3%
Lots Sold 21 10 110.0%
Percent Sold 55.3% 41.7% 32.6%
Total Raised £2,616,000 £6,619,500 -60.5%


North-West

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 821 846 -3.0%
Lots Sold 541 552 -2.0%
Percent Sold 65.9% 65.2% 1.1%
Total Raised £53,010,226 £45,086,401 17.6%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 665 706 -5.8%
Lots Sold 442 461 -4.1%
Percent Sold 66.5% 65.3% 1.8%
Total Raised £37,142,426 £31,277,701 18.8%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 156 140 11.4%
Lots Sold 99 91 8.8%
Percent Sold 63.5% 65% -2.3%
Total Raised £15,867,800 £13,808,700 14.9%


North-West Home Counties

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 241 273 -11.7%
Lots Sold 177 181 -2.2%
Percent Sold 73.4% 66.3% 10.7%
Total Raised £45,640,876 £47,039,900 -3.0%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 187 172 8.7%
Lots Sold 137 120 14.2%
Percent Sold 73.3% 69.8% 5.0%
Total Raised £26,504,600 £25,905,000 2.3%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 54 101 -46.5%
Lots Sold 40 61 -34.4%
Percent Sold 74.1% 60.4% 22.7%
Total Raised £19,136,276 £21,134,900 -9.5%


Scotland

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 233 245 -4.9%
Lots Sold 95 120 -20.8%
Percent Sold 40.8% 49% -16.7%
Total Raised £9,713,220 £12,649,045 -23.2%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 192 199 -3.5%
Lots Sold 74 86 -14.0%
Percent Sold 38.5% 43.2% -10.9%
Total Raised £4,569,620 £5,362,645 -14.8%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 41 46 -10.9%
Lots Sold 21 34 -38.2%
Percent Sold 51.2% 73.9% -30.7%
Total Raised £5,143,600 £7,286,400 -29.4%


South-East Home Counties

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 748 761 -1.7%
Lots Sold 540 560 -3.6%
Percent Sold 72.2% 73.6% -1.9%
Total Raised £82,812,851 £102,286,956 -19.0%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 592 574 3.1%
Lots Sold 419 426 -1.6%
Percent Sold 70.8% 74.2% -4.6%
Total Raised £51,472,551 £71,026,256 -27.5%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 156 187 -16.6%
Lots Sold 121 134 -9.7%
Percent Sold 77.6% 71.7% 8.2%
Total Raised £31,340,300 £31,260,700 0.3%


South-West

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 422 465 -9.2%
Lots Sold 309 345 -10.4%
Percent Sold 73.2% 74.2% -1.3%
Total Raised £45,324,800 £55,628,100 -18.5%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 327 333 -1.8%
Lots Sold 232 240 -3.3%
Percent Sold 70.9% 72.1% -1.7%
Total Raised £27,856,550 £33,872,600 -17.8%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 95 132 -28.0%
Lots Sold 77 105 -26.7%
Percent Sold 81.1% 79.5% 2.0%
Total Raised £17,468,250 £21,755,500 -19.7%


Wales

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 398 331 20.2%
Lots Sold 271 219 23.7%
Percent Sold 68.1% 66.2% 2.9%
Total Raised £20,246,898 £22,575,800 -10.3%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 329 280 17.5%
Lots Sold 226 181 24.9%
Percent Sold 68.7% 64.6% 6.3%
Total Raised £15,011,103 £14,170,200 5.9%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 69 51 35.3%
Lots Sold 45 38 18.4%
Percent Sold 65.2% 74.5% -12.5%
Total Raised £5,235,795 £8,405,600 -37.7%


West Midlands

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 567 493 15.0%
Lots Sold 362 337 7.4%
Percent Sold 63.8% 68.4% -6.7%
Total Raised £37,837,150 £40,937,580 -7.6%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 476 387 23.0%
Lots Sold 305 268 13.8%
Percent Sold 64.1% 69.3% -7.5%
Total Raised £25,432,650 £26,030,330 -2.3%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 91 106 -14.2%
Lots Sold 57 69 -17.4%
Percent Sold 62.6% 65.1% -3.8%
Total Raised £12,404,500 £14,907,250 -16.8%


Yorkshire and The Humber

Total
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 608 476 27.7%
Lots Sold 429 332 29.2%
Percent Sold 70.6% 69.7% 1.3%
Total Raised £42,679,585 £35,270,500 21.0%


Residential
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 518 373 38.9%
Lots Sold 370 257 44.0%
Percent Sold 71.4% 68.9% 3.6%
Total Raised £27,269,425 £22,965,950 18.7%


Commercial
November 2010 - January 2011 November 2009 - January 2010 Increase
Lots Offered 90 103 -12.6%
Lots Sold 59 75 -21.3%
Percent Sold 65.6% 72.8% -9.9%
Total Raised £15,410,160 £12,304,550 25.2%


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