Auction Data for May 2011


Essential Auction News

David Sandeman, Managing Director Welcome to the June newsletter that looks at the results for May 2011 and the preceding periods. Compared with May 2010 the numbers were up in all metrics - more on this below. The first five months of this year have seen an overall improvement in the monthly results when compared with the same month last year, with the exception of March where the lots offered and amount raised were down.

These encouraging signs are feeding through to the Quarterly and Yearly comparisons that are generally looking positive and where there is a decline the values are small.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

Overall lots offered and amount raised in May was up 25.8% and 18.2% respectively compared with May 2010. These large increases were reflected in both the residential and commercial sectors that saw double digit increases in lots offered and amount raised. In addition the percent sold improved as well.

Total

Last Month Last Quarter Last Year
May 2011 May 2010 Increase March 2011 - May 2011 March 2010 - May 2010 Increase June 2010 - May 2011 June 2009 - May 2010 Increase
Lots Offered 3,467 2,755 25.8% 8,451 8,017 5.4% 32,353 30,188 7.2%
Lots Sold 2,393 1,841 30.0% 5,922 5,326 11.2% 22,389 21,828 2.6%
Percent Sold 69% 66.8% 3.3% 70.1% 66.4% 5.6% 69.2% 72.3% -4.3%
Total Raised £403,837,795 £341,711,599 18.2% £849,469,266 £857,402,875 -0.9% £3,272,893,322 £3,413,533,019 -4.1%

Residential

Last Month Last Quarter Last Year
May 2011 May 2010 Increase March 2011 - May 2011 March 2010 - May 2010 Increase June 2010 - May 2011 June 2009 - May 2010 Increase
Lots Offered 2,726 2,102 29.7% 6,793 6,297 7.9% 26,153 24,128 8.4%
Lots Sold 1,867 1,398 33.5% 4,763 4,124 15.5% 18,011 17,342 3.9%
Percent Sold 68.5% 66.5% 3.0% 70.1% 65.5% 7.0% 68.9% 71.9% -4.2%
Total Raised £258,905,795 £212,568,849 21.8% £590,735,863 £544,990,925 8.4% £2,244,542,469 £2,262,743,278 -0.8%

Commercial

Last Month Last Quarter Last Year
May 2011 May 2010 Increase March 2011 - May 2011 March 2010 - May 2010 Increase June 2010 - May 2011 June 2009 - May 2010 Increase
Lots Offered 741 653 13.5% 1,655 1,720 -3.8% 6,200 6,057 2.4%
Lots Sold 526 443 18.7% 1,159 1,202 -3.6% 4,378 4,486 -2.4%
Percent Sold 71% 67.8% 4.7% 70% 69.9% 0.1% 70.6% 74.1% -4.7%
Total Raised £144,932,000 £129,142,750 12.2% £258,733,403 £312,411,950 -17.2% £1,028,350,853 £1,150,789,741 -10.6%


Regional Auction Analysis

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

East Anglia

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 318 271 17.3%
Lots Sold 216 185 16.8%
Percent Sold 67.9% 68.3% -0.6%
Total Raised £30,315,700 £33,031,900 -8.2%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 243 199 22.1%
Lots Sold 166 136 22.1%
Percent Sold 68.3% 68.3% 0.0%
Total Raised £19,523,700 £22,767,900 -14.2%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 75 72 4.2%
Lots Sold 50 49 2.0%
Percent Sold 66.7% 68.1% -2.1%
Total Raised £10,792,000 £10,264,000 5.1%


East Midlands

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 650 649 0.2%
Lots Sold 473 462 2.4%
Percent Sold 72.8% 71.2% 2.2%
Total Raised £53,072,717 £58,250,249 -8.9%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 509 523 -2.7%
Lots Sold 375 376 -0.3%
Percent Sold 73.7% 71.9% 2.5%
Total Raised £36,172,917 £39,566,749 -8.6%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 141 126 11.9%
Lots Sold 98 86 14.0%
Percent Sold 69.5% 68.3% 1.8%
Total Raised £16,899,800 £18,683,500 -9.5%


London

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 782 790 -1.0%
Lots Sold 625 604 3.5%
Percent Sold 79.9% 76.5% 4.4%
Total Raised £194,127,442 £216,503,310 -10.3%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 663 637 4.1%
Lots Sold 527 491 7.3%
Percent Sold 79.5% 77.1% 3.1%
Total Raised £131,928,192 £131,013,560 0.7%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 119 153 -22.2%
Lots Sold 98 113 -13.3%
Percent Sold 82.4% 73.9% 11.5%
Total Raised £62,199,250 £85,489,750 -27.2%


North-East

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 637 677 -5.9%
Lots Sold 413 232 78.0%
Percent Sold 64.8% 34.3% 88.9%
Total Raised £29,471,243 £19,742,960 49.3%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 586 621 -5.6%
Lots Sold 384 204 88.2%
Percent Sold 65.5% 32.9% 99.1%
Total Raised £26,840,243 £14,080,460 90.6%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 51 56 -8.9%
Lots Sold 29 28 3.6%
Percent Sold 56.9% 50% 13.8%
Total Raised £2,631,000 £5,662,500 -53.5%


North-West

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 1,308 1,219 7.3%
Lots Sold 866 790 9.6%
Percent Sold 66.2% 64.8% 2.2%
Total Raised £80,363,887 £81,210,200 -1.0%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 1,062 976 8.8%
Lots Sold 714 635 12.4%
Percent Sold 67.2% 65.1% 3.2%
Total Raised £58,261,411 £50,057,100 16.4%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 246 243 1.2%
Lots Sold 152 155 -1.9%
Percent Sold 61.8% 63.8% -3.1%
Total Raised £22,102,476 £31,153,100 -29.1%


North-West Home Counties

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 387 444 -12.8%
Lots Sold 288 308 -6.5%
Percent Sold 74.4% 69.4% 7.2%
Total Raised £73,546,559 £70,059,799 5.0%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 298 307 -2.9%
Lots Sold 230 213 8.0%
Percent Sold 77.2% 69.4% 11.2%
Total Raised £49,794,059 £41,582,549 19.7%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 89 137 -35.0%
Lots Sold 58 95 -38.9%
Percent Sold 65.2% 69.3% -5.9%
Total Raised £23,752,500 £28,477,250 -16.6%


Scotland

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 149 157 -5.1%
Lots Sold 86 111 -22.5%
Percent Sold 57.7% 70.7% -18.4%
Total Raised £8,495,750 £18,699,582 -54.6%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 121 105 15.2%
Lots Sold 68 74 -8.1%
Percent Sold 56.2% 70.5% -20.3%
Total Raised £3,993,650 £5,992,532 -33.4%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 28 52 -46.2%
Lots Sold 18 37 -51.4%
Percent Sold 64.3% 71.2% -9.7%
Total Raised £4,502,100 £12,707,050 -64.6%


South-East Home Counties

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 933 919 1.5%
Lots Sold 689 702 -1.9%
Percent Sold 73.8% 76.4% -3.4%
Total Raised £160,222,770 £130,636,150 22.6%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 723 692 4.5%
Lots Sold 529 537 -1.5%
Percent Sold 73.2% 77.6% -5.7%
Total Raised £109,401,170 £89,186,150 22.7%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 210 227 -7.5%
Lots Sold 160 165 -3.0%
Percent Sold 76.2% 72.7% 4.8%
Total Raised £50,821,600 £41,450,000 22.6%


South-West

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 740 720 2.8%
Lots Sold 505 503 0.4%
Percent Sold 68.2% 69.9% -2.4%
Total Raised £66,948,200 £74,294,050 -9.9%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 494 505 -2.2%
Lots Sold 315 328 -4.0%
Percent Sold 63.8% 65% -1.8%
Total Raised £43,353,000 £47,584,950 -8.9%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 246 215 14.4%
Lots Sold 190 175 8.6%
Percent Sold 77.2% 81.4% -5.2%
Total Raised £23,595,200 £26,709,100 -11.7%


Wales

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 626 602 4.0%
Lots Sold 398 366 8.7%
Percent Sold 63.6% 60.8% 4.6%
Total Raised £32,950,550 £34,517,600 -4.5%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 512 468 9.4%
Lots Sold 326 283 15.2%
Percent Sold 63.7% 60.5% 5.3%
Total Raised £23,449,050 £24,459,100 -4.1%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 114 134 -14.9%
Lots Sold 72 83 -13.3%
Percent Sold 63.2% 61.9% 2.1%
Total Raised £9,501,500 £10,058,500 -5.5%


West Midlands

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 1,037 856 21.1%
Lots Sold 745 593 25.6%
Percent Sold 71.8% 69.3% 3.6%
Total Raised £62,557,400 £69,440,725 -9.9%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 855 674 26.9%
Lots Sold 617 462 33.5%
Percent Sold 72.2% 68.5% 5.4%
Total Raised £46,979,550 £47,180,975 -0.4%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 182 182 0.0%
Lots Sold 128 131 -2.3%
Percent Sold 70.3% 72% -2.4%
Total Raised £15,577,850 £22,259,750 -30.0%


Yorkshire and The Humber

Total
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 819 699 17.2%
Lots Sold 576 459 25.5%
Percent Sold 70.3% 65.7% 7.0%
Total Raised £55,590,498 £50,590,850 9.9%


Residential
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 665 576 15.5%
Lots Sold 470 374 25.7%
Percent Sold 70.7% 64.9% 8.9%
Total Raised £39,232,371 £31,093,400 26.2%


Commercial
March 2011 - May 2011 March 2010 - May 2010 Increase
Lots Offered 154 123 25.2%
Lots Sold 106 85 24.7%
Percent Sold 68.8% 69.1% -0.4%
Total Raised £16,358,127 £19,497,450 -16.1%


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