Auction Data for August 2011


Essential Auction News

David Sandeman, Managing Director Welcome to the September newsletter giving an overview of August's results and preceding periods. Once again the overall signs are positive, with August being the fifth month in a row that has shown increases in 'Lots Sold', 'Percent Sold' and 'Amount Raised' when viewing the month on month comparisons.

However it should be borne in mind that August is a quiet month in the auction calendar, with only 47 auctions held as opposed to the average of 120. However recent trends show that August's figures are indicative of how the auction market is faring.

Kind regards

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

National Auction Analysis

Increases can be seen across the board, with only the commercial year-on-year comparisons showing small percentage reductions. Overall 'Lots Offered' rose by nearly 24% to 560, and with the percentage of lots selling also increasing the result is that the 'Amount Raised' jumped by over 45% to £41.5M.

As August is a comparatively quiet month it is worthwhile looking to the rolling quarterly and yearly figures for a longer-term indication of the market. The signs are good - notable increases are evident in the quarterly 'Amounts Raised' in both the residential sector (up 10% to £492M) and the commercial sector (up 22% to £236M). You'll also note that year-on-year residential sales are up by nearly 12% which contrasts the recent declines in sales recorded at Land Registry, as can be seen on the graph below. In each of the past 3 quarters a decrease in the number of residential transactions is evident (when compared with the previous corresponding quarter), so it is encouraging to see the positive figures continuing in the auction market.

Residential Sales recorded at the Land Registry

Total

Last Month Last Quarter Last Year
August 2011 August 2010 Increase June 2011 - August 2011 June 2010 - August 2010 Increase September 2010 - August 2011 September 2009 - August 2010 Increase
Lots Offered 560 452 23.9% 7,012 6,832 2.6% 32,455 30,103 7.8%
Lots Sold 428 264 62.1% 5,116 4,411 16.0% 23,200 21,300 8.9%
Percent Sold 76.4% 58.4% 30.8% 73% 64.6% 13.0% 71.5% 70.8% 1.0%
Total Raised £41,511,608 £28,491,588 45.7% £729,693,800 £642,592,920 13.6% £3,374,437,721 £3,348,883,811 0.8%

Residential

Last Month Last Quarter Last Year
August 2011 August 2010 Increase June 2011 - August 2011 June 2010 - August 2010 Increase September 2010 - August 2011 September 2009 - August 2010 Increase
Lots Offered 449 349 28.7% 5,573 5,415 2.9% 26,250 23,888 9.9%
Lots Sold 352 203 73.4% 4,085 3,447 18.5% 18,724 16,751 11.8%
Percent Sold 78.4% 58.2% 34.7% 73.3% 63.7% 15.1% 71.3% 70.1% 1.7%
Total Raised £32,277,758 £20,768,588 55.4% £492,887,004 £448,893,301 9.8% £2,288,708,308 £2,210,360,267 3.5%

Commercial

Last Month Last Quarter Last Year
August 2011 August 2010 Increase June 2011 - August 2011 June 2010 - August 2010 Increase September 2010 - August 2011 September 2009 - August 2010 Increase
Lots Offered 106 98 8.2% 1,438 1,417 1.5% 6,205 6,212 -0.1%
Lots Sold 73 58 25.9% 1,031 964 7.0% 4,476 4,549 -1.6%
Percent Sold 68.9% 59.2% 16.4% 71.7% 68% 5.4% 72.1% 73.2% -1.5%
Total Raised £8,870,850 £7,581,500 17.0% £236,806,796 £193,699,619 22.3% £1,085,729,413 £1,138,523,544 -4.6%


Regional Auction Analysis

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

East Anglia

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 206 236 -12.7%
Lots Sold 155 151 2.6%
Percent Sold 75.2% 64% 17.5%
Total Raised £18,965,745 £18,393,377 3.1%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 156 174 -10.3%
Lots Sold 116 108 7.4%
Percent Sold 74.4% 62.1% 19.8%
Total Raised £12,935,745 £11,787,877 9.7%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 50 62 -19.4%
Lots Sold 39 43 -9.3%
Percent Sold 78% 69.4% 12.4%
Total Raised £6,030,000 £6,605,500 -8.7%


East Midlands

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 509 504 1.0%
Lots Sold 373 355 5.1%
Percent Sold 73.3% 70.4% 4.1%
Total Raised £38,886,540 £33,870,063 14.8%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 413 390 5.9%
Lots Sold 309 270 14.4%
Percent Sold 74.8% 69.2% 8.1%
Total Raised £27,928,790 £22,687,358 23.1%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 96 114 -15.8%
Lots Sold 64 85 -24.7%
Percent Sold 66.7% 74.6% -10.6%
Total Raised £10,957,750 £11,182,705 -2.0%


London

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 627 684 -8.3%
Lots Sold 501 516 -2.9%
Percent Sold 79.9% 75.4% 6.0%
Total Raised £154,940,370 £167,741,350 -7.6%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 553 570 -3.0%
Lots Sold 436 436 0.0%
Percent Sold 78.8% 76.5% 3.0%
Total Raised £116,232,870 £121,653,850 -4.5%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 74 114 -35.1%
Lots Sold 65 80 -18.8%
Percent Sold 87.8% 70.2% 25.1%
Total Raised £38,707,500 £46,087,500 -16.0%


North-East

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 672 618 8.7%
Lots Sold 479 272 76.1%
Percent Sold 71.3% 44% 62.0%
Total Raised £37,911,406 £21,424,264 77.0%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 613 560 9.5%
Lots Sold 442 246 79.7%
Percent Sold 72.1% 43.9% 64.2%
Total Raised £34,624,806 £18,555,564 86.6%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 59 58 1.7%
Lots Sold 37 26 42.3%
Percent Sold 62.7% 44.8% 40.0%
Total Raised £3,286,600 £2,868,700 14.6%


North-West

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 1,292 1,121 15.3%
Lots Sold 923 692 33.4%
Percent Sold 71.4% 61.7% 15.7%
Total Raised £89,749,996 £66,645,252 34.7%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 968 862 12.3%
Lots Sold 693 522 32.8%
Percent Sold 71.6% 60.6% 18.2%
Total Raised £56,509,550 £43,008,902 31.4%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 324 259 25.1%
Lots Sold 230 170 35.3%
Percent Sold 71% 65.6% 8.2%
Total Raised £33,240,446 £23,636,350 40.6%


North-West Home Counties

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 296 316 -6.3%
Lots Sold 226 237 -4.6%
Percent Sold 76.4% 75% 1.9%
Total Raised £54,559,450 £53,604,750 1.8%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 231 249 -7.2%
Lots Sold 187 184 1.6%
Percent Sold 81% 73.9% 9.6%
Total Raised £35,516,950 £39,638,500 -10.4%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 65 67 -3.0%
Lots Sold 39 53 -26.4%
Percent Sold 60% 79.1% -24.1%
Total Raised £19,042,500 £13,966,250 36.3%


Scotland

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 114 174 -34.5%
Lots Sold 63 83 -24.1%
Percent Sold 55.3% 47.7% 15.9%
Total Raised £5,745,450 £14,152,200 -59.4%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 90 120 -25.0%
Lots Sold 48 52 -7.7%
Percent Sold 53.3% 43.3% 23.1%
Total Raised £2,015,700 £2,829,050 -28.7%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 24 54 -55.6%
Lots Sold 15 31 -51.6%
Percent Sold 62.5% 57.4% 8.9%
Total Raised £3,729,750 £11,323,150 -67.1%


South-East Home Counties

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 866 894 -3.1%
Lots Sold 654 637 2.7%
Percent Sold 75.5% 71.3% 5.9%
Total Raised £107,714,901 £107,386,751 0.3%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 661 722 -8.4%
Lots Sold 502 513 -2.1%
Percent Sold 75.9% 71.1% 6.8%
Total Raised £75,577,851 £77,899,251 -3.0%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 205 172 19.2%
Lots Sold 152 124 22.6%
Percent Sold 74.1% 72.1% 2.8%
Total Raised £32,137,050 £29,487,500 9.0%


South-West

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 576 526 9.5%
Lots Sold 415 352 17.9%
Percent Sold 72% 66.9% 7.6%
Total Raised £88,584,100 £54,972,350 61.1%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 422 388 8.8%
Lots Sold 299 245 22.0%
Percent Sold 70.9% 63.1% 12.4%
Total Raised £41,213,900 £38,314,600 7.6%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 154 138 11.6%
Lots Sold 116 107 8.4%
Percent Sold 75.3% 77.5% -2.8%
Total Raised £47,370,200 £16,657,750 184.4%


Wales

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 517 453 14.1%
Lots Sold 371 324 14.5%
Percent Sold 71.8% 71.5% 0.4%
Total Raised £30,626,850 £23,953,900 27.9%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 394 354 11.3%
Lots Sold 286 259 10.4%
Percent Sold 72.6% 73.2% -0.8%
Total Raised £20,592,350 £17,849,600 15.4%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 123 99 24.2%
Lots Sold 85 65 30.8%
Percent Sold 69.1% 65.7% 5.2%
Total Raised £10,034,500 £6,104,300 64.4%


West Midlands

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 584 716 -18.4%
Lots Sold 429 433 -0.9%
Percent Sold 73.5% 60.5% 21.5%
Total Raised £54,641,850 £48,506,614 12.6%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 440 561 -21.6%
Lots Sold 320 335 -4.5%
Percent Sold 72.7% 59.7% 21.8%
Total Raised £34,036,500 £32,241,800 5.6%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 144 155 -7.1%
Lots Sold 109 98 11.2%
Percent Sold 75.7% 63.2% 19.8%
Total Raised £20,605,350 £16,264,814 26.7%


Yorkshire and The Humber

Total
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 715 584 22.4%
Lots Sold 501 356 40.7%
Percent Sold 70.1% 61% 14.9%
Total Raised £45,828,742 £31,844,049 43.9%


Residential
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 595 459 29.6%
Lots Sold 421 274 53.6%
Percent Sold 70.8% 59.7% 18.6%
Total Raised £34,163,592 £22,328,949 53.0%


Commercial
June 2011 - August 2011 June 2010 - August 2010 Increase
Lots Offered 120 125 -4.0%
Lots Sold 80 82 -2.4%
Percent Sold 66.7% 65.6% 1.7%
Total Raised £11,665,150 £9,515,100 22.6%


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