Auction Data for June 2011


Essential Auction News

David Sandeman, Managing Director Welcome to July's newsletter that looks at June's auction results and preceding quarterly and yearly figures. The trend we have seen emerging over the past few months continues with a strong set of figures below.

Whilst reports coming from the private treaty market are that the market is slowing and many properties are remaining unsold, the auction market is bucking the trend with increasing number of lots selling.

As always I would welcome your comments on this and wider issues within the market space.

Kind regards

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

National Auction Analysis

Overall we have seen double digit growth in 'Lots Sold', 'Percent Sold' and 'Total Raised' (16.4%, 17.6%, and 17.8% respectively). Broadly similar numbers are coming through in the quarterly comparisons, with the yearly figures seeing a 6% increase in 'Lots Sold' and a small decline in 'Amount Raised'.

Looking at the residential and commercial sectors separately, both performed positively with the residential sector showing 17.6% growth in 'Lots Sold' for the month (21.3% for the quarter and 8.1% for the year), with increases recorded for the 'Percent Sold' and the 'Amount Raised' as well.

The commercial sector saw the 'Amount Raised' soar by 105% with all other metrics for the month and quarter figures increasing, though the year on year figures were generally slightly down.

The upward trend continues.

Total

Last Month Last Quarter Last Year
June 2011 June 2010 Increase April 2011 - June 2011 April 2010 - June 2010 Increase July 2010 - June 2011 July 2009 - June 2010 Increase
Lots Offered 2,431 2,458 -1.1% 8,104 7,433 9.0% 32,243 29,973 7.6%
Lots Sold 1,756 1,509 16.4% 5,804 4,840 19.9% 22,831 21,491 6.2%
Percent Sold 72.2% 61.4% 17.6% 71.6% 65.1% 10.0% 70.8% 71.7% -1.3%
Total Raised £229,461,148 £194,739,406 17.8% £824,683,678 £725,234,956 13.7% £3,367,008,844 £3,461,000,811 -2.7%

Residential

Last Month Last Quarter Last Year
June 2011 June 2010 Increase April 2011 - June 2011 April 2010 - June 2010 Increase July 2010 - June 2011 July 2009 - June 2010 Increase
Lots Offered 1,977 2,039 -3.0% 6,507 5,985 8.7% 26,020 23,882 9.0%
Lots Sold 1,442 1,226 17.6% 4,661 3,843 21.3% 18,353 16,975 8.1%
Percent Sold 72.9% 60.1% 21.3% 71.6% 64.2% 11.5% 70.5% 71.1% -0.8%
Total Raised £166,980,347 £164,363,551 1.6% £560,507,701 £520,157,051 7.8% £2,261,207,545 £2,244,954,791 0.7%

Commercial

Last Month Last Quarter Last Year
June 2011 June 2010 Increase April 2011 - June 2011 April 2010 - June 2010 Increase July 2010 - June 2011 July 2009 - June 2010 Increase
Lots Offered 453 419 8.1% 1,595 1,448 10.2% 6,223 6,088 2.2%
Lots Sold 314 283 11.0% 1,143 997 14.6% 4,478 4,516 -0.8%
Percent Sold 69.3% 67.5% 2.7% 71.7% 68.9% 4.1% 72% 74.2% -3.0%
Total Raised £62,480,801 £30,375,855 105.7% £264,175,977 £205,077,905 28.8% £1,105,801,299 £1,216,046,020 -9.1%


Regional Auction Analysis

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

East Anglia

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 251 241 4.1%
Lots Sold 173 171 1.2%
Percent Sold 68.9% 71% -3.0%
Total Raised £25,106,695 £30,958,827 -18.9%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 191 200 -4.5%
Lots Sold 126 140 -10.0%
Percent Sold 66% 70% -5.7%
Total Raised £15,702,195 £24,051,827 -34.7%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 60 41 46.3%
Lots Sold 47 31 51.6%
Percent Sold 78.3% 75.6% 3.6%
Total Raised £9,404,500 £6,907,000 36.2%


East Midlands

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 621 528 17.6%
Lots Sold 465 351 32.5%
Percent Sold 74.9% 66.5% 12.6%
Total Raised £53,662,591 £41,207,405 30.2%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 485 430 12.8%
Lots Sold 365 282 29.4%
Percent Sold 75.3% 65.6% 14.8%
Total Raised £36,185,341 £30,822,200 17.4%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 136 98 38.8%
Lots Sold 100 69 44.9%
Percent Sold 73.5% 70.4% 4.4%
Total Raised £17,477,250 £10,385,205 68.3%


London

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 609 644 -5.4%
Lots Sold 481 491 -2.0%
Percent Sold 79% 76.2% 3.7%
Total Raised £152,696,437 £165,767,560 -7.9%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 525 563 -6.7%
Lots Sold 405 433 -6.5%
Percent Sold 77.1% 76.9% 0.3%
Total Raised £103,541,187 £124,555,560 -16.9%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 84 81 3.7%
Lots Sold 76 58 31.0%
Percent Sold 90.5% 71.6% 26.4%
Total Raised £49,155,250 £41,212,000 19.3%


North-East

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 645 664 -2.9%
Lots Sold 436 232 87.9%
Percent Sold 67.6% 34.9% 93.7%
Total Raised £32,946,447 £18,012,435 82.9%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 595 612 -2.8%
Lots Sold 405 210 92.9%
Percent Sold 68.1% 34.3% 98.5%
Total Raised £29,907,697 £15,217,235 96.5%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 50 52 -3.8%
Lots Sold 31 22 40.9%
Percent Sold 62% 42.3% 46.6%
Total Raised £3,038,750 £2,795,200 8.7%


North-West

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 1,549 1,244 24.5%
Lots Sold 1,069 795 34.5%
Percent Sold 69% 63.9% 8.0%
Total Raised £97,457,588 £80,792,050 20.6%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 1,226 964 27.2%
Lots Sold 859 612 40.4%
Percent Sold 70.1% 63.5% 10.4%
Total Raised £69,056,961 £50,507,950 36.7%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 323 280 15.4%
Lots Sold 210 183 14.8%
Percent Sold 65% 65.4% -0.6%
Total Raised £28,400,627 £30,284,100 -6.2%


North-West Home Counties

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 353 371 -4.9%
Lots Sold 270 261 3.4%
Percent Sold 76.5% 70.4% 8.7%
Total Raised £65,198,009 £56,631,549 15.1%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 270 271 -0.4%
Lots Sold 217 191 13.6%
Percent Sold 80.4% 70.5% 14.0%
Total Raised £46,480,259 £38,560,049 20.5%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 83 100 -17.0%
Lots Sold 53 70 -24.3%
Percent Sold 63.9% 70% -8.7%
Total Raised £18,717,750 £18,071,500 3.6%


Scotland

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 162 209 -22.5%
Lots Sold 91 120 -24.2%
Percent Sold 56.2% 57.4% -2.1%
Total Raised £6,655,850 £11,459,381 -41.9%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 131 153 -14.4%
Lots Sold 74 84 -11.9%
Percent Sold 56.5% 54.9% 2.9%
Total Raised £3,670,750 £5,882,181 -37.6%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 31 56 -44.6%
Lots Sold 17 36 -52.8%
Percent Sold 54.8% 64.3% -14.8%
Total Raised £2,985,100 £5,577,200 -46.5%


South-East Home Counties

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 958 975 -1.7%
Lots Sold 722 732 -1.4%
Percent Sold 75.4% 75.1% 0.4%
Total Raised £144,726,971 £125,964,750 14.9%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 762 785 -2.9%
Lots Sold 573 596 -3.9%
Percent Sold 75.2% 75.9% -0.9%
Total Raised £99,768,271 £95,123,500 4.9%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 196 190 3.2%
Lots Sold 149 136 9.6%
Percent Sold 76% 71.6% 6.1%
Total Raised £44,958,700 £30,841,250 45.8%


South-West

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 748 612 22.2%
Lots Sold 537 438 22.6%
Percent Sold 71.8% 71.6% 0.3%
Total Raised £104,176,800 £65,601,850 58.8%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 510 432 18.1%
Lots Sold 354 287 23.3%
Percent Sold 69.4% 66.4% 4.5%
Total Raised £52,338,800 £44,609,000 17.3%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 238 180 32.2%
Lots Sold 183 151 21.2%
Percent Sold 76.9% 83.9% -8.3%
Total Raised £51,838,000 £20,992,850 146.9%


Wales

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 527 539 -2.2%
Lots Sold 350 331 5.7%
Percent Sold 66.4% 61.4% 8.1%
Total Raised £28,675,377 £29,045,400 -1.3%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 447 415 7.7%
Lots Sold 300 258 16.3%
Percent Sold 67.1% 62.2% 7.9%
Total Raised £22,040,377 £20,759,900 6.2%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 80 124 -35.5%
Lots Sold 50 73 -31.5%
Percent Sold 62.5% 58.9% 6.1%
Total Raised £6,635,000 £8,285,500 -19.9%


West Midlands

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 836 760 10.0%
Lots Sold 600 481 24.7%
Percent Sold 71.8% 63.3% 13.4%
Total Raised £57,207,450 £56,488,000 1.3%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 659 611 7.9%
Lots Sold 474 380 24.7%
Percent Sold 71.9% 62.2% 15.6%
Total Raised £40,917,200 £39,287,050 4.1%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 177 149 18.8%
Lots Sold 126 101 24.8%
Percent Sold 71.2% 67.8% 5.0%
Total Raised £16,290,250 £17,200,950 -5.3%


Yorkshire and The Humber

Total
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 786 635 23.8%
Lots Sold 573 426 34.5%
Percent Sold 72.9% 67.1% 8.6%
Total Raised £54,308,263 £42,889,749 26.6%


Residential
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 649 538 20.6%
Lots Sold 472 359 31.5%
Percent Sold 72.7% 66.7% 9.0%
Total Raised £39,033,463 £30,364,599 28.5%


Commercial
April 2011 - June 2011 April 2010 - June 2010 Increase
Lots Offered 137 97 41.2%
Lots Sold 101 67 50.7%
Percent Sold 73.7% 69.1% 6.7%
Total Raised £15,274,800 £12,525,150 22.0%


Your Comments

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