Auction Data for September 2011


Essential Auction News

David Sandeman, Managing Director Welcome to the October newsletter that looks at September's auction results as well as the running quarterly and yearly periods. September is traditionally one of the busiest months in the auction calendar, so it is pleasing to report on another set of positive figures.

Out of the 36 metrics measured, only 3 show a percentage decrease between the current period and the corresponding previous period. Moreover these are all small values and exist only in the commercial sector's annual figures. Overall a strong set of results and I do hope the encouraging trends continue.

Kind regards

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

National Auction Analysis

The monthly 'Lots Sold' and 'Total Raised' figures increased by 9.6% and 15.4% respectively, with the quarterly figures also recording double-digit increases. The residential market saw increases in every single metric - the third month in a row that this has happened.

The September round of commercial auctions saw the 'Total Raised' increase by 34.5% when compared with September 2010, with the 'Percent Sold' increasing slightly to 65.7% (from 64.8%). The volume of 'Lots Offered' and 'Lots Sold' also rose by 8.2% and 9.8% respectively, and as mentioned earlier it is only the yearly figures that witnessed very minor falls. On the whole the outlook is very promising.

Total

Last Month Last Quarter Last Year
September 2011 September 2010 Increase July 2011 - September 2011 July 2010 - September 2010 Increase October 2010 - September 2011 October 2009 - September 2010 Increase
Lots Offered 4,303 4,101 4.9% 8,879 8,473 4.8% 32,628 30,900 5.6%
Lots Sold 2,958 2,700 9.6% 6,303 5,593 12.7% 23,300 21,652 7.6%
Percent Sold 68.7% 65.8% 4.4% 71% 66% 7.6% 71.4% 70.1% 1.9%
Total Raised £351,089,084 £304,320,392 15.4% £850,510,136 £755,170,411 12.6% £3,401,963,713 £3,352,411,561 1.5%

Residential

Last Month Last Quarter Last Year
September 2011 September 2010 Increase July 2011 - September 2011 July 2010 - September 2010 Increase October 2010 - September 2011 October 2009 - September 2010 Increase
Lots Offered 3,584 3,454 3.8% 7,173 6,828 5.1% 26,349 24,573 7.2%
Lots Sold 2,486 2,281 9.0% 5,113 4,505 13.5% 18,787 17,110 9.8%
Percent Sold 69.4% 66% 5.2% 71.3% 66% 8.0% 71.3% 69.6% 2.4%
Total Raised £282,960,979 £254,331,542 11.3% £606,130,036 £540,496,547 12.1% £2,300,459,095 £2,203,363,667 4.4%

Commercial

Last Month Last Quarter Last Year
September 2011 September 2010 Increase July 2011 - September 2011 July 2010 - September 2010 Increase October 2010 - September 2011 October 2009 - September 2010 Increase
Lots Offered 700 647 8.2% 1,687 1,645 2.6% 6,279 6,324 -0.7%
Lots Sold 460 419 9.8% 1,178 1,098 7.3% 4,513 4,542 -0.6%
Percent Sold 65.7% 64.8% 1.4% 69.8% 66.7% 4.6% 71.9% 71.8% 0.1%
Total Raised £67,220,105 £49,988,850 34.5% £243,472,100 £215,525,614 13.0% £1,101,504,618 £1,149,047,894 -4.1%


Regional Auction Analysis

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

East Anglia

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 271 306 -11.4%
Lots Sold 200 210 -4.8%
Percent Sold 73.8% 68.6% 7.6%
Total Raised £24,626,750 £24,536,950 0.4%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 203 236 -14.0%
Lots Sold 149 162 -8.0%
Percent Sold 73.4% 68.6% 7.0%
Total Raised £18,425,250 £17,549,200 5.0%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 68 70 -2.9%
Lots Sold 51 48 6.3%
Percent Sold 75% 68.6% 9.3%
Total Raised £6,201,500 £6,987,750 -11.3%


East Midlands

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 679 676 0.4%
Lots Sold 493 473 4.2%
Percent Sold 72.6% 70% 3.7%
Total Raised £53,164,945 £44,498,758 19.5%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 554 543 2.0%
Lots Sold 407 379 7.4%
Percent Sold 73.5% 69.8% 5.3%
Total Raised £35,578,395 £31,799,758 11.9%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 125 133 -6.0%
Lots Sold 86 94 -8.5%
Percent Sold 68.8% 70.7% -2.7%
Total Raised £17,586,550 £12,699,000 38.5%


London

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 807 856 -5.7%
Lots Sold 632 630 0.3%
Percent Sold 78.3% 73.6% 6.4%
Total Raised £181,653,825 £191,700,400 -5.2%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 724 740 -2.2%
Lots Sold 559 549 1.8%
Percent Sold 77.2% 74.2% 4.0%
Total Raised £138,867,325 £144,541,900 -3.9%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 83 116 -28.4%
Lots Sold 73 81 -9.9%
Percent Sold 88% 69.8% 26.1%
Total Raised £42,786,500 £47,158,500 -9.3%


North-East

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 724 678 6.8%
Lots Sold 530 349 51.9%
Percent Sold 73.2% 51.5% 42.1%
Total Raised £42,075,098 £27,294,974 54.1%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 660 628 5.1%
Lots Sold 493 329 49.8%
Percent Sold 74.7% 52.4% 42.6%
Total Raised £38,231,498 £24,635,474 55.2%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 64 50 28.0%
Lots Sold 37 20 85.0%
Percent Sold 57.8% 40% 44.5%
Total Raised £3,843,600 £2,659,500 44.5%


North-West

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 1,558 1,402 11.1%
Lots Sold 1,032 890 16.0%
Percent Sold 66.2% 63.5% 4.3%
Total Raised £93,590,475 £86,583,362 8.1%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 1,228 1,045 17.5%
Lots Sold 812 673 20.7%
Percent Sold 66.1% 64.4% 2.6%
Total Raised £62,970,875 £52,064,162 20.9%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 330 357 -7.6%
Lots Sold 220 217 1.4%
Percent Sold 66.7% 60.8% 9.7%
Total Raised £30,619,600 £34,519,200 -11.3%


North-West Home Counties

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 337 387 -12.9%
Lots Sold 259 293 -11.6%
Percent Sold 76.9% 75.7% 1.6%
Total Raised £62,965,100 £58,096,400 8.4%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 270 322 -16.1%
Lots Sold 216 244 -11.5%
Percent Sold 80% 75.8% 5.5%
Total Raised £41,643,100 £43,462,150 -4.2%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 67 65 3.1%
Lots Sold 43 49 -12.2%
Percent Sold 64.2% 75.4% -14.9%
Total Raised £21,322,000 £14,634,250 45.7%


Scotland

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 111 165 -32.7%
Lots Sold 52 104 -50.0%
Percent Sold 46.8% 63% -25.7%
Total Raised £5,520,216 £15,639,425 -64.7%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 84 119 -29.4%
Lots Sold 35 74 -52.7%
Percent Sold 41.7% 62.2% -33.0%
Total Raised £1,843,366 £4,368,425 -57.8%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 27 46 -41.3%
Lots Sold 17 30 -43.3%
Percent Sold 63% 65.2% -3.4%
Total Raised £3,676,850 £11,271,000 -67.4%


South-East Home Counties

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 972 1,059 -8.2%
Lots Sold 708 747 -5.2%
Percent Sold 72.8% 70.5% 3.3%
Total Raised £118,853,130 £112,798,701 5.4%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 748 863 -13.3%
Lots Sold 545 610 -10.7%
Percent Sold 72.9% 70.7% 3.1%
Total Raised £82,985,630 £81,819,701 1.4%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 224 196 14.3%
Lots Sold 163 137 19.0%
Percent Sold 72.8% 69.9% 4.1%
Total Raised £35,867,500 £30,979,000 15.8%


South-West

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 766 703 9.0%
Lots Sold 518 447 15.9%
Percent Sold 67.6% 63.6% 6.3%
Total Raised £82,839,050 £62,779,650 32.0%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 564 534 5.6%
Lots Sold 361 313 15.3%
Percent Sold 64% 58.6% 9.2%
Total Raised £50,491,550 £42,089,100 20.0%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 202 169 19.5%
Lots Sold 157 134 17.2%
Percent Sold 77.7% 79.3% -2.0%
Total Raised £32,347,500 £20,690,550 56.3%


Wales

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 628 581 8.1%
Lots Sold 451 388 16.2%
Percent Sold 71.8% 66.8% 7.5%
Total Raised £38,281,747 £27,348,161 40.0%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 480 454 5.7%
Lots Sold 355 306 16.0%
Percent Sold 74% 67.4% 9.8%
Total Raised £27,342,997 £20,952,611 30.5%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 148 127 16.5%
Lots Sold 96 82 17.1%
Percent Sold 64.9% 64.6% 0.5%
Total Raised £10,938,750 £6,395,550 71.0%


West Midlands

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 916 881 4.0%
Lots Sold 679 571 18.9%
Percent Sold 74.1% 64.8% 14.4%
Total Raised £81,232,300 £62,465,609 30.0%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 709 701 1.1%
Lots Sold 539 453 19.0%
Percent Sold 76% 64.6% 17.6%
Total Raised £54,603,900 £44,006,295 24.1%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 207 180 15.0%
Lots Sold 140 118 18.6%
Percent Sold 67.6% 65.6% 3.0%
Total Raised £26,628,400 £18,459,314 44.3%


Yorkshire and The Humber

Total
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 985 750 31.3%
Lots Sold 669 482 38.8%
Percent Sold 67.9% 64.3% 5.6%
Total Raised £59,997,350 £40,914,521 46.6%


Residential
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 843 614 37.3%
Lots Sold 574 404 42.1%
Percent Sold 68.1% 65.8% 3.5%
Total Raised £48,344,000 £32,694,271 47.9%


Commercial
July 2011 - September 2011 July 2010 - September 2010 Increase
Lots Offered 142 136 4.4%
Lots Sold 95 88 8.0%
Percent Sold 66.9% 64.7% 3.4%
Total Raised £11,653,350 £9,072,000 28.5%


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