Auction Data for July 2012


Essential Auction News

David Sandeman, Managing Director Welcome to the August newsletter that looks back at auction activity in July and preceding periods. Following a prolonged run of positive results in the auction market over the last 12 – 18 months, the figures below show that July 2012 did not perform as well as July 2011. Lots offered and lots sold decreased by 6.3% and 6.8% respectively, whilst the total amount raised fell nearly 15% to £373 million.

There are a number of factors that could have contributed to the downturn – not least the amazing spectacle that was the London 2012 Olympics. As the country geared up to what I’m sure you’ll agree was a fantastic two weeks of sport and entertainment, it is likely that buyers and sellers lessened their involvement in the market. Elsewhere, the challenging market conditions continue to affect the entire property market.

I do hope that you are enjoying the 'Summer' period. As ever I would welcome any feedback you may have regarding the newsletter or the wider market in general.

Kind regards

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

National Auction Analysis

Despite the monthly figures being largely down on July 2011, encouragingly the rolling quarterly and yearly figures show a number of increases. Notably, lots sold was up 8% to 24,747 in the past 12 months - that is the highest number recorded between August and July for 5 years.


Total

Last Month Last Quarter Last Year
July 2012 July 2011 Increase May 2012 - July 2012 May 2011 - July 2011 Increase August 2011 - July 2012 August 2010 - July 2011 Increase
Lots Offered 3,762 4,016 -6.3% 10,078 9,892 1.9% 33,489 32,242 3.9%
Lots Sold 2,621 2,813 -6.8% 7,126 7,081 0.6% 24,747 22,903 8.1%
Percent Sold 69.7% 70% -0.4% 70.7% 71.6% -1.3% 73.9% 71% 4.1%
Total Raised £373,185,429 £437,222,044 -14.6% £999,062,884 £1,041,232,215 -4.0% £3,346,754,224 £3,231,755,851 3.6%

Residential

Last Month Last Quarter Last Year
July 2012 July 2011 Increase May 2012 - July 2012 May 2011 - July 2011 Increase August 2011 - July 2012 August 2010 - July 2011 Increase
Lots Offered 2,874 3,142 -8.5% 8,007 7,829 2.3% 26,948 26,060 3.4%
Lots Sold 1,994 2,205 -9.6% 5,679 5,610 1.2% 20,011 18,480 8.3%
Percent Sold 69.4% 70.2% -1.1% 70.9% 71.7% -1.1% 74.3% 70.9% 4.8%
Total Raised £238,238,380 £280,690,999 -15.1% £676,338,504 £697,050,368 -3.0% £2,319,402,775 £2,197,399,388 5.6%

Commercial

Last Month Last Quarter Last Year
July 2012 July 2011 Increase May 2012 - July 2012 May 2011 - July 2011 Increase August 2011 - July 2012 August 2010 - July 2011 Increase
Lots Offered 888 874 1.6% 2,071 2,062 0.4% 6,541 6,182 5.8%
Lots Sold 627 608 3.1% 1,447 1,471 -1.6% 4,736 4,423 7.1%
Percent Sold 70.6% 69.6% 1.4% 69.9% 71.3% -2.0% 72.4% 71.5% 1.3%
Total Raised £134,947,049 £156,531,045 -13.8% £322,724,380 £344,181,847 -6.2% £1,027,351,449 £1,034,356,463 -0.7%


Regional Auction Analysis

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

East Anglia

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 271 345 -21.4%
Lots Sold 184 246 -25.2%
Percent Sold 67.9% 71.3% -4.8%
Total Raised £25,279,000 £33,216,195 -23.9%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 204 261 -21.8%
Lots Sold 138 179 -22.9%
Percent Sold 67.6% 68.6% -1.5%
Total Raised £14,348,000 £20,714,195 -30.7%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 67 84 -20.2%
Lots Sold 46 67 -31.3%
Percent Sold 68.7% 79.8% -13.9%
Total Raised £10,931,000 £12,502,000 -12.6%


East Midlands

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 840 753 11.6%
Lots Sold 626 556 12.6%
Percent Sold 74.5% 73.8% 0.9%
Total Raised £64,002,301 £63,909,890 0.1%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 675 590 14.4%
Lots Sold 522 442 18.1%
Percent Sold 77.3% 74.9% 3.2%
Total Raised £45,422,551 £44,027,140 3.2%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 165 163 1.2%
Lots Sold 104 114 -8.8%
Percent Sold 63% 69.9% -9.9%
Total Raised £18,579,750 £19,882,750 -6.6%


London

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 936 978 -4.3%
Lots Sold 757 773 -2.1%
Percent Sold 80.9% 79% 2.4%
Total Raised £244,364,876 £247,058,870 -1.1%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 801 835 -4.1%
Lots Sold 642 646 -0.6%
Percent Sold 80.1% 77.4% 3.5%
Total Raised £183,970,380 £166,795,120 10.3%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 135 143 -5.6%
Lots Sold 115 127 -9.4%
Percent Sold 85.2% 88.8% -4.1%
Total Raised £60,394,496 £80,263,750 -24.8%


North-East

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 892 730 22.2%
Lots Sold 605 518 16.8%
Percent Sold 67.8% 71% -4.5%
Total Raised £48,847,560 £38,989,098 25.3%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 825 654 26.1%
Lots Sold 565 468 20.7%
Percent Sold 68.5% 71.6% -4.3%
Total Raised £44,146,310 £34,173,248 29.2%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 67 76 -11.8%
Lots Sold 40 50 -20.0%
Percent Sold 59.7% 65.8% -9.3%
Total Raised £4,701,250 £4,815,850 -2.4%


North-West

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 1,654 1,680 -1.5%
Lots Sold 1,099 1,119 -1.8%
Percent Sold 66.4% 66.6% -0.3%
Total Raised £98,679,961 £106,369,082 -7.2%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 1,274 1,318 -3.3%
Lots Sold 863 885 -2.5%
Percent Sold 67.7% 67.1% 0.9%
Total Raised £65,101,606 £74,157,136 -12.2%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 380 362 5.0%
Lots Sold 236 234 0.9%
Percent Sold 62.1% 64.6% -3.9%
Total Raised £33,578,355 £32,211,946 4.2%


North-West Home Counties

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 429 484 -11.4%
Lots Sold 323 369 -12.5%
Percent Sold 75.3% 76.2% -1.2%
Total Raised £87,756,306 £96,589,809 -9.1%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 327 373 -12.3%
Lots Sold 249 297 -16.2%
Percent Sold 76.1% 79.6% -4.4%
Total Raised £50,544,056 £61,643,809 -18.0%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 102 111 -8.1%
Lots Sold 74 72 2.8%
Percent Sold 72.5% 64.9% 11.7%
Total Raised £37,212,250 £34,946,000 6.5%


Northern Ireland

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 203 68 198.5%
Lots Sold 101 51 98.0%
Percent Sold 49.8% 75% -33.6%
Total Raised £5,716,100 £2,368,400 141.3%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 186 67 177.6%
Lots Sold 92 51 80.4%
Percent Sold 49.5% 76.1% -35.0%
Total Raised £5,254,100 £2,368,400 121.8%


Scotland

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 419 161 160.2%
Lots Sold 202 91 122.0%
Percent Sold 48.2% 56.5% -14.7%
Total Raised £13,841,700 £6,377,600 117.0%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 342 131 161.1%
Lots Sold 170 73 132.9%
Percent Sold 49.7% 55.7% -10.8%
Total Raised £8,125,451 £3,846,850 111.2%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 77 30 156.7%
Lots Sold 32 18 77.8%
Percent Sold 41.6% 60% -30.7%
Total Raised £5,716,249 £2,530,750 125.9%


South-East Home Counties

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 1,095 1,197 -8.5%
Lots Sold 823 904 -9.0%
Percent Sold 75.2% 75.5% -0.4%
Total Raised £152,294,484 £169,074,851 -9.9%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 800 905 -11.6%
Lots Sold 605 679 -10.9%
Percent Sold 75.6% 75% 0.8%
Total Raised £95,655,434 £105,903,551 -9.7%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 295 292 1.0%
Lots Sold 218 225 -3.1%
Percent Sold 73.9% 77.1% -4.2%
Total Raised £56,639,050 £63,171,300 -10.3%


South-West

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 768 855 -10.2%
Lots Sold 564 604 -6.6%
Percent Sold 73.4% 70.6% 4.0%
Total Raised £74,979,500 £92,664,801 -19.1%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 521 597 -12.7%
Lots Sold 358 412 -13.1%
Percent Sold 68.7% 69% -0.4%
Total Raised £45,740,850 £59,275,600 -22.8%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 247 258 -4.3%
Lots Sold 206 192 7.3%
Percent Sold 83.4% 74.4% 12.1%
Total Raised £29,238,650 £33,389,201 -12.4%


Wales

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 640 644 -0.6%
Lots Sold 466 428 8.9%
Percent Sold 72.8% 66.4% 9.6%
Total Raised £41,421,525 £37,066,477 11.7%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 467 510 -8.4%
Lots Sold 336 345 -2.6%
Percent Sold 71.9% 67.6% 6.4%
Total Raised £23,335,375 £26,041,977 -10.4%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 173 134 29.1%
Lots Sold 130 83 56.6%
Percent Sold 75.1% 61.9% 21.3%
Total Raised £18,086,150 £11,024,500 64.1%


West Midlands

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 938 1,035 -9.4%
Lots Sold 695 758 -8.3%
Percent Sold 74.1% 73.2% 1.2%
Total Raised £71,025,334 £82,898,700 -14.3%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 756 801 -5.6%
Lots Sold 567 588 -3.6%
Percent Sold 75% 73.4% 2.2%
Total Raised £50,433,004 £53,169,700 -5.1%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 182 234 -22.2%
Lots Sold 128 170 -24.7%
Percent Sold 70.3% 72.6% -3.2%
Total Raised £20,592,330 £29,729,000 -30.7%


Yorkshire and The Humber

Total
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 993 962 3.2%
Lots Sold 681 664 2.6%
Percent Sold 68.6% 69% -0.6%
Total Raised £70,854,237 £64,648,442 9.6%


Residential
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 829 787 5.3%
Lots Sold 572 545 5.0%
Percent Sold 69% 69.3% -0.4%
Total Raised £44,261,387 £44,933,642 -1.5%


Commercial
May 2012 - July 2012 May 2011 - July 2011 Increase
Lots Offered 164 175 -6.3%
Lots Sold 109 119 -8.4%
Percent Sold 66.5% 68% -2.2%
Total Raised £26,592,850 £19,714,800 34.9%


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