Auction Data for February 2011


Essential Auction News

David Sandeman, Managing Director Welcome to the March newsletter that looks at the results for last month, quarter and year and compares them with the previous 12 months. It is good to be able to report that there was positive growth in terms of lots offered, lots sold and amount raised for both the residential and commercial sectors when comparing February 2011 with February 2010.

Should you wish anyone you know to receive this newsletter, do please let me have their details and I will arrange for them to receive it. In addition if you know someone who would benefit from having access to our main site, I would be pleased to extend your subscription by 2 months once they have joined us, again let me have their details and I will contact them.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

As I mentioned above, the numbers are more encouraging than they have been for a long time. Residential and commercial combined have seen all three periods see an increase in lots offered and lots sold and either a rise (10% February on February) or a fall of less than 1% in the amount raised.

Looking at the two sectors separately, both performed well over the three time periods with positive upward trends in lots offered, lots sold and amount raised in most cases. This optimism should however be tempered with the fact that in all 9 comparable cases, the 'percent sold' fell by between 2% and 6.1%.

As always I look forward to reviewing the March figures next month.

Total

Last Month Last Quarter Last Year
February 2011 February 2010 Increase December 2010 - February 2011 December 2009 - February 2010 Increase March 2010 - February 2011 March 2009 - February 2010 Increase
Lots Offered 3,515 3,282 7.1% 7,308 6,900 5.9% 31,893 29,351 8.7%
Lots Sold 2,424 2,376 2.0% 5,068 4,919 3.0% 22,045 21,862 0.8%
Percent Sold 69% 72.4% -4.7% 69.3% 71.3% -2.8% 69.1% 74.5% -7.2%
Total Raised £366,480,450 £330,347,541 10.9% £794,893,852 £797,486,869 -0.3% £3,363,040,470 £3,385,982,916 -0.7%

Residential

Last Month Last Quarter Last Year
February 2011 February 2010 Increase December 2010 - February 2011 December 2009 - February 2010 Increase March 2010 - February 2011 March 2009 - February 2010 Increase
Lots Offered 2,823 2,651 6.5% 5,927 5,446 8.8% 25,622 23,613 8.5%
Lots Sold 1,964 1,920 2.3% 4,104 3,883 5.7% 17,584 17,503 0.5%
Percent Sold 69.6% 72.4% -3.9% 69.2% 71.3% -2.9% 68.6% 74.1% -7.4%
Total Raised £243,355,069 £240,050,066 1.4% £500,106,089 £503,730,944 -0.7% £2,218,207,170 £2,218,570,990 0.0%

Commercial

Last Month Last Quarter Last Year
February 2011 February 2010 Increase December 2010 - February 2011 December 2009 - February 2010 Increase March 2010 - February 2011 March 2009 - February 2010 Increase
Lots Offered 692 628 10.2% 1,381 1,451 -4.8% 6,271 5,735 9.3%
Lots Sold 460 456 0.9% 964 1,036 -6.9% 4,461 4,359 2.3%
Percent Sold 66.5% 72.6% -8.4% 69.8% 71.4% -2.2% 71.1% 76% -6.4%
Total Raised £123,125,381 £90,297,475 36.4% £294,787,763 £293,755,925 0.4% £1,144,833,300 £1,167,411,926 -1.9%


Regional Auction Analysis

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

East Anglia

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 227 273 -16.8%
Lots Sold 155 196 -20.9%
Percent Sold 68.3% 71.8% -4.9%
Total Raised £21,648,900 £31,414,450 -31.1%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 195 200 -2.5%
Lots Sold 132 142 -7.0%
Percent Sold 67.7% 71% -4.6%
Total Raised £13,768,900 £16,484,450 -16.5%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 32 73 -56.2%
Lots Sold 23 54 -57.4%
Percent Sold 71.9% 74% -2.8%
Total Raised £7,880,000 £14,930,000 -47.2%


East Midlands

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 559 488 14.5%
Lots Sold 407 345 18.0%
Percent Sold 72.8% 70.7% 3.0%
Total Raised £42,258,240 £37,761,625 11.9%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 479 394 21.6%
Lots Sold 355 286 24.1%
Percent Sold 74.1% 72.6% 2.1%
Total Raised £27,835,640 £25,892,375 7.5%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 80 94 -14.9%
Lots Sold 52 59 -11.9%
Percent Sold 65% 62.8% 3.5%
Total Raised £14,422,600 £11,869,250 21.5%


London

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 965 1,082 -10.8%
Lots Sold 778 860 -9.5%
Percent Sold 80.6% 79.5% 1.4%
Total Raised £254,778,001 £269,224,810 -5.4%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 801 918 -12.7%
Lots Sold 643 721 -10.8%
Percent Sold 80.3% 78.5% 2.3%
Total Raised £165,351,750 £173,697,710 -4.8%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 164 164 0.0%
Lots Sold 135 139 -2.9%
Percent Sold 82.3% 84.8% -2.9%
Total Raised £89,426,251 £95,527,100 -6.4%


North-East

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 571 424 34.7%
Lots Sold 275 206 33.5%
Percent Sold 48.2% 48.6% -0.8%
Total Raised £22,213,050 £24,034,602 -7.6%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 524 392 33.7%
Lots Sold 250 187 33.7%
Percent Sold 47.7% 47.7% 0.0%
Total Raised £18,498,550 £13,733,102 34.7%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 47 32 46.9%
Lots Sold 25 19 31.6%
Percent Sold 53.2% 59.4% -10.4%
Total Raised £3,714,500 £10,301,500 -63.9%


North-West

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 1,202 1,231 -2.4%
Lots Sold 813 865 -6.0%
Percent Sold 67.6% 70.3% -3.8%
Total Raised £74,411,187 £68,653,171 8.4%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 923 1,000 -7.7%
Lots Sold 637 713 -10.7%
Percent Sold 69% 71.3% -3.2%
Total Raised £48,565,437 £47,863,971 1.5%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 279 231 20.8%
Lots Sold 176 152 15.8%
Percent Sold 63.1% 65.8% -4.1%
Total Raised £25,845,750 £20,789,200 24.3%


North-West Home Counties

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 331 379 -12.7%
Lots Sold 251 272 -7.7%
Percent Sold 75.8% 71.8% 5.6%
Total Raised £75,279,726 £66,879,975 12.6%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 241 224 7.6%
Lots Sold 182 168 8.3%
Percent Sold 75.5% 75% 0.7%
Total Raised £36,251,600 £35,136,500 3.2%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 90 155 -41.9%
Lots Sold 69 104 -33.7%
Percent Sold 76.7% 67.1% 14.3%
Total Raised £39,028,126 £31,743,475 22.9%


Scotland

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 199 189 5.3%
Lots Sold 81 123 -34.1%
Percent Sold 40.7% 65.1% -37.5%
Total Raised £10,978,670 £11,460,250 -4.2%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 154 116 32.8%
Lots Sold 60 65 -7.7%
Percent Sold 39% 56% -30.4%
Total Raised £5,009,170 £3,363,300 48.9%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 45 73 -38.4%
Lots Sold 21 58 -63.8%
Percent Sold 46.7% 79.5% -41.3%
Total Raised £5,969,500 £8,096,950 -26.3%


South-East Home Counties

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 932 931 0.1%
Lots Sold 690 709 -2.7%
Percent Sold 74% 76.2% -2.9%
Total Raised £117,584,501 £127,290,151 -7.6%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 747 703 6.3%
Lots Sold 537 548 -2.0%
Percent Sold 71.9% 78% -7.8%
Total Raised £74,683,001 £88,813,251 -15.9%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 185 228 -18.9%
Lots Sold 153 161 -5.0%
Percent Sold 82.7% 70.6% 17.1%
Total Raised £42,901,500 £38,476,900 11.5%


South-West

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 485 350 38.6%
Lots Sold 362 268 35.1%
Percent Sold 74.6% 76.6% -2.6%
Total Raised £54,702,031 £48,850,599 12.0%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 376 263 43.0%
Lots Sold 275 200 37.5%
Percent Sold 73.1% 76% -3.8%
Total Raised £32,425,150 £29,185,099 11.1%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 109 87 25.3%
Lots Sold 87 68 27.9%
Percent Sold 79.8% 78.2% 2.0%
Total Raised £22,276,881 £19,665,500 13.3%


Wales

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 465 372 25.0%
Lots Sold 312 242 28.9%
Percent Sold 67.1% 65.1% 3.1%
Total Raised £23,501,598 £23,641,800 -0.6%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 387 314 23.2%
Lots Sold 266 201 32.3%
Percent Sold 68.7% 64% 7.3%
Total Raised £17,930,603 £14,120,950 27.0%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 78 58 34.5%
Lots Sold 46 41 12.2%
Percent Sold 59% 70.7% -16.5%
Total Raised £5,570,995 £9,520,850 -41.5%


West Midlands

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 597 586 1.9%
Lots Sold 437 413 5.8%
Percent Sold 73.2% 70.5% 3.8%
Total Raised £49,197,602 £47,740,426 3.1%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 486 459 5.9%
Lots Sold 360 329 9.4%
Percent Sold 74.1% 71.7% 3.3%
Total Raised £30,266,102 £28,840,176 4.9%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 111 127 -12.6%
Lots Sold 77 84 -8.3%
Percent Sold 69.4% 66.1% 5.0%
Total Raised £18,931,500 £18,900,250 0.2%


Yorkshire and The Humber

Total
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 723 571 26.6%
Lots Sold 479 409 17.1%
Percent Sold 66.3% 71.6% -7.4%
Total Raised £46,670,746 £39,886,510 17.0%


Residential
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 562 442 27.1%
Lots Sold 379 312 21.5%
Percent Sold 67.4% 70.6% -4.5%
Total Raised £27,850,586 £25,951,560 7.3%


Commercial
December 2010 - February 2011 December 2009 - February 2010 Increase
Lots Offered 161 129 24.8%
Lots Sold 100 97 3.1%
Percent Sold 62.1% 75.2% -17.4%
Total Raised £18,820,160 £13,934,950 35.1%


Your Comments

If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would like to hear from you. So please email us anytime.