Auction Data for December 2010


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Essential Auction News

David Sandeman, Managing Director Welcome to the first newsletter of the year showing how December 2010 fared compared with December 2009 and a look at 2010 as a whole. I have enclosed a pdf report which looks at 2010 in more detail and I hope you find it interesting.

May I take this opportunity of wishing you a more prosperous new year.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

Overall, in terms of lots offered, December 2010 was very similar to December 2009 but with an overall sale rate of 69.3% (December 2009, 70.1%). The number of lots sold was down 1.9% and total raised down 10.7%. The yearly comparisons are more promising with a 5.8% increase in the number of lots offered and amount raised down just 3.5%.

Looking at the 2 sectors over the year, the residential sector saw a 5.2% increase in lots offered and a 1.7% decline in amount raised whereas the commercial sector offered 8.6% more lots though amount raised slipped 6.9%. The underlying trends appear to be one of relative stability with the declines seen over the past two and a half years no longer visible.

Total

Last Month Last Quarter Last Year
December 2010 December 2009 Increase October 2010 - December 2010 October 2009 - December 2009 Increase January 2010 - December 2010 January 2009 - December 2009 Increase
Lots Offered 3,270 3,293 -0.7% 8,890 8,338 6.6% 31,457 29,720 5.8%
Lots Sold 2,265 2,310 -1.9% 5,927 5,916 0.2% 22,015 22,373 -1.6%
Percent Sold 69.3% 70.1% -1.1% 66.7% 71% -6.1% 70% 75.3% -7.0%
Total Raised £393,650,687 £440,719,778 -10.7% £962,381,754 £1,024,132,300 -6.0% £3,350,664,429 £3,471,652,346 -3.5%

Residential

Last Month Last Quarter Last Year
December 2010 December 2009 Increase October 2010 - December 2010 October 2009 - December 2009 Increase January 2010 - December 2010 January 2009 - December 2009 Increase
Lots Offered 2,614 2,491 4.9% 7,152 6,474 10.5% 25,269 24,025 5.2%
Lots Sold 1,787 1,748 2.2% 4,707 4,544 3.6% 17,550 18,014 -2.6%
Percent Sold 68.4% 70.2% -2.6% 65.8% 70.2% -6.3% 69.5% 75% -7.3%
Total Raised £224,756,905 £239,609,578 -6.2% £606,939,472 £616,306,550 -1.5% £2,223,594,385 £2,261,365,244 -1.7%

Commercial

Last Month Last Quarter Last Year
December 2010 December 2009 Increase October 2010 - December 2010 October 2009 - December 2009 Increase January 2010 - December 2010 January 2009 - December 2009 Increase
Lots Offered 656 802 -18.2% 1,738 1,864 -6.8% 6,185 5,695 8.6%
Lots Sold 478 562 -14.9% 1,220 1,372 -11.1% 4,465 4,359 2.4%
Percent Sold 72.9% 70.1% 4.0% 70.2% 73.6% -4.6% 72.2% 76.5% -5.6%
Total Raised £168,893,782 £201,110,200 -16.0% £355,442,282 £407,825,750 -12.8% £1,127,070,044 £1,210,287,102 -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
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 273 277 -1.4%
Lots Sold 181 219 -17.4%
Percent Sold 66.3% 79.1% -16.2%
Total Raised £26,738,950 £35,896,500 -25.5%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 223 210 6.2%
Lots Sold 142 162 -12.3%
Percent Sold 63.7% 77.1% -17.4%
Total Raised £15,368,000 £17,501,000 -12.2%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 50 67 -25.4%
Lots Sold 39 57 -31.6%
Percent Sold 78% 85.1% -8.3%
Total Raised £11,370,950 £18,395,500 -38.2%


East Midlands

Total
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 706 631 11.9%
Lots Sold 507 442 14.7%
Percent Sold 71.8% 70% 2.6%
Total Raised £56,808,595 £53,316,250 6.6%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 575 475 21.1%
Lots Sold 421 337 24.9%
Percent Sold 73.2% 70.9% 3.2%
Total Raised £37,666,845 £29,445,000 27.9%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 131 156 -16.0%
Lots Sold 86 105 -18.1%
Percent Sold 65.6% 67.3% -2.5%
Total Raised £19,141,750 £23,871,250 -19.8%


London

Total
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 1,091 1,088 0.3%
Lots Sold 824 889 -7.3%
Percent Sold 75.5% 81.7% -7.6%
Total Raised £301,312,801 £311,193,000 -3.2%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 892 919 -2.9%
Lots Sold 668 744 -10.2%
Percent Sold 74.9% 81% -7.5%
Total Raised £201,746,950 £196,867,000 2.5%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 199 169 17.8%
Lots Sold 156 145 7.6%
Percent Sold 78.4% 85.8% -8.6%
Total Raised £99,565,851 £114,326,000 -12.9%


North-East

Total
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 735 539 36.4%
Lots Sold 374 274 36.5%
Percent Sold 50.9% 50.8% 0.2%
Total Raised £31,529,792 £31,788,702 -0.8%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 677 497 36.2%
Lots Sold 338 252 34.1%
Percent Sold 49.9% 50.7% -1.6%
Total Raised £24,135,792 £18,117,202 33.2%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 58 42 38.1%
Lots Sold 36 22 63.6%
Percent Sold 62.1% 52.4% 18.5%
Total Raised £7,394,000 £13,671,500 -45.9%


North-West

Total
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 1,352 1,254 7.8%
Lots Sold 880 847 3.9%
Percent Sold 65.1% 67.5% -3.6%
Total Raised £90,169,810 £75,867,475 18.9%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 1,056 994 6.2%
Lots Sold 688 667 3.1%
Percent Sold 65.2% 67.1% -2.8%
Total Raised £60,984,110 £46,386,325 31.5%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 296 260 13.8%
Lots Sold 192 180 6.7%
Percent Sold 64.9% 69.2% -6.2%
Total Raised £29,185,700 £29,481,150 -1.0%


North-West Home Counties

Total
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 397 473 -16.1%
Lots Sold 290 339 -14.5%
Percent Sold 73% 71.7% 1.8%
Total Raised £76,835,626 £83,161,100 -7.6%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 301 310 -2.9%
Lots Sold 219 226 -3.1%
Percent Sold 72.8% 72.9% -0.1%
Total Raised £43,855,600 £47,574,500 -7.8%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 96 163 -41.1%
Lots Sold 71 113 -37.2%
Percent Sold 74% 69.3% 6.8%
Total Raised £32,980,026 £35,586,600 -7.3%


Scotland

Total
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 272 278 -2.2%
Lots Sold 124 134 -7.5%
Percent Sold 45.6% 48.2% -5.4%
Total Raised £13,513,700 £15,423,295 -12.4%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 219 221 -0.9%
Lots Sold 95 96 -1.0%
Percent Sold 43.4% 43.4% 0.0%
Total Raised £6,117,100 £6,166,395 -0.8%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 53 57 -7.0%
Lots Sold 29 38 -23.7%
Percent Sold 54.7% 66.7% -18.0%
Total Raised £7,396,600 £9,256,900 -20.1%


South-East Home Counties

Total
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 1,039 1,035 0.4%
Lots Sold 754 784 -3.8%
Percent Sold 72.6% 75.7% -4.1%
Total Raised £135,944,896 £147,756,206 -8.0%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 780 760 2.6%
Lots Sold 555 578 -4.0%
Percent Sold 71.2% 76.1% -6.4%
Total Raised £76,869,596 £95,977,006 -19.9%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 259 275 -5.8%
Lots Sold 199 206 -3.4%
Percent Sold 76.8% 74.9% 2.5%
Total Raised £59,075,300 £51,779,200 14.1%


South-West

Total
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 617 717 -13.9%
Lots Sold 443 542 -18.3%
Percent Sold 71.8% 75.6% -5.0%
Total Raised £73,106,750 £90,788,050 -19.5%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 450 484 -7.0%
Lots Sold 313 358 -12.6%
Percent Sold 69.6% 74% -5.9%
Total Raised £43,084,000 £53,111,300 -18.9%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 167 233 -28.3%
Lots Sold 130 184 -29.3%
Percent Sold 77.8% 79% -1.5%
Total Raised £30,022,750 £37,676,750 -20.3%


Wales

Total
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 719 528 36.2%
Lots Sold 468 365 28.2%
Percent Sold 65.1% 69.1% -5.8%
Total Raised £38,351,898 £39,630,050 -3.2%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 591 426 38.7%
Lots Sold 385 286 34.6%
Percent Sold 65.1% 67.1% -3.0%
Total Raised £25,505,603 £22,905,950 11.3%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 128 102 25.5%
Lots Sold 83 79 5.1%
Percent Sold 64.8% 77.5% -16.4%
Total Raised £12,846,295 £16,724,100 -23.2%


West Midlands

Total
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 776 856 -9.3%
Lots Sold 478 617 -22.5%
Percent Sold 61.6% 72.1% -14.6%
Total Raised £56,338,001 £82,150,022 -31.4%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 626 669 -6.4%
Lots Sold 387 487 -20.5%
Percent Sold 61.8% 72.8% -15.1%
Total Raised £35,229,401 £51,406,272 -31.5%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 150 187 -19.8%
Lots Sold 91 130 -30.0%
Percent Sold 60.7% 69.5% -12.7%
Total Raised £21,108,600 £30,743,750 -31.3%


Yorkshire and The Humber

Total
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 798 647 23.3%
Lots Sold 565 456 23.9%
Percent Sold 70.8% 70.5% 0.4%
Total Raised £59,345,085 £56,676,150 4.7%


Residential
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 647 494 31.0%
Lots Sold 457 343 33.2%
Percent Sold 70.6% 69.4% 1.7%
Total Raised £33,990,625 £30,363,100 11.9%


Commercial
October 2010 - December 2010 October 2009 - December 2009 Increase
Lots Offered 151 153 -1.3%
Lots Sold 108 113 -4.4%
Percent Sold 71.5% 73.9% -3.2%
Total Raised £25,354,460 £26,313,050 -3.6%


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