Auction Data for December 2011


Essential Auction News

David Sandeman, Managing Director Welcome to the first newsletter of 2012 which looks back at auction activity in December 2011 and the rolling quarterly and yearly periods. I am pleased to report that December's results are largely positive, building on the growth seen throughout 2011.

I am in the process of compiling the annual market report which compares 2011 against the previous 4 years and will also contain analysis of regional variations. I hope to have this published early next week so please look out for that.

Finally may I take this opportunity to wish you a happy and prosperous new year!

Kind regards

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

National Auction Analysis

Another strong set of results in December epitomizes the trends witnessed throughout 2011. Increases were seen in both the number of lots offered and lots sold (up 3.7% and 8.1% respectively), and the sale rate of over 72% is only marginally below the annual rate of 74%. Overall total raised in December was down 13% (mainly due to a sizeable fall in commercial property receipts), however the longer term outlook seen in the quarterly and yearly figures remains encouraging.

Once again the residential sector showed growth in the majority of metrics measured, with notable increases seen in the volume of lots sold and the percent sold. December's figures for commercial property were down against December 2010, but as noted before the quarterly and yearly figures fared much better with rises seen in every metric save for amounts raised.

Total

Last Month Last Quarter Last Year
December 2011 December 2010 Increase October 2011 - December 2011 October 2010 - December 2010 Increase January 2011 - December 2011 January 2010 - December 2010 Increase
Lots Offered 3,391 3,270 3.7% 8,841 8,890 -0.6% 32,646 31,457 3.8%
Lots Sold 2,448 2,265 8.1% 6,397 5,927 7.9% 24,125 22,015 9.6%
Percent Sold 72.2% 69.3% 4.2% 72.4% 66.7% 8.5% 73.9% 70% 5.6%
Total Raised £341,255,671 £393,650,687 -13.3% £928,218,126 £962,381,754 -3.5% £3,425,149,984 £3,350,664,429 2.2%

Residential

Last Month Last Quarter Last Year
December 2011 December 2010 Increase October 2011 - December 2011 October 2010 - December 2010 Increase January 2011 - December 2011 January 2010 - December 2010 Increase
Lots Offered 2,744 2,614 5.0% 6,832 7,152 -4.5% 26,105 25,269 3.3%
Lots Sold 1,996 1,787 11.7% 4,959 4,707 5.4% 19,312 17,550 10.0%
Percent Sold 72.7% 68.4% 6.3% 72.6% 65.8% 10.3% 74% 69.5% 6.5%
Total Raised £234,674,502 £224,756,905 4.4% £587,638,696 £606,939,472 -3.2% £2,306,652,313 £2,223,594,385 3.7%

Commercial

Last Month Last Quarter Last Year
December 2011 December 2010 Increase October 2011 - December 2011 October 2010 - December 2010 Increase January 2011 - December 2011 January 2010 - December 2010 Increase
Lots Offered 634 656 -3.4% 1,988 1,738 14.4% 6,541 6,185 5.8%
Lots Sold 444 478 -7.1% 1,429 1,220 17.1% 4,813 4,465 7.8%
Percent Sold 70% 72.9% -4.0% 71.9% 70.2% 2.4% 73.6% 72.2% 1.9%
Total Raised £105,863,669 £168,893,782 -37.3% £339,831,430 £355,442,282 -4.4% £1,118,497,671 £1,127,070,044 -0.8%


Regional Auction Analysis

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

East Anglia

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 281 273 2.9%
Lots Sold 217 181 19.9%
Percent Sold 77.2% 66.3% 16.4%
Total Raised £30,769,000 £26,738,950 15.1%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 210 223 -5.8%
Lots Sold 165 142 16.2%
Percent Sold 78.6% 63.7% 23.4%
Total Raised £20,052,500 £15,368,000 30.5%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 71 50 42.0%
Lots Sold 52 39 33.3%
Percent Sold 73.2% 78% -6.2%
Total Raised £10,716,500 £11,370,950 -5.8%


East Midlands

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 691 706 -2.1%
Lots Sold 526 507 3.7%
Percent Sold 76.1% 71.8% 6.0%
Total Raised £59,769,263 £56,808,595 5.2%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 507 575 -11.8%
Lots Sold 396 421 -5.9%
Percent Sold 78.1% 73.2% 6.7%
Total Raised £33,541,463 £37,666,845 -11.0%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 184 131 40.5%
Lots Sold 130 86 51.2%
Percent Sold 70.7% 65.6% 7.8%
Total Raised £26,227,800 £19,141,750 37.0%


London

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 815 1,091 -25.3%
Lots Sold 669 824 -18.8%
Percent Sold 82.1% 75.5% 8.7%
Total Raised £214,804,975 £301,312,801 -28.7%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 683 892 -23.4%
Lots Sold 565 668 -15.4%
Percent Sold 82.7% 74.9% 10.4%
Total Raised £158,307,375 £201,746,950 -21.5%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 132 199 -33.7%
Lots Sold 104 156 -33.3%
Percent Sold 78.8% 78.4% 0.5%
Total Raised £56,497,600 £99,565,851 -43.3%


North-East

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 681 735 -7.3%
Lots Sold 487 374 30.2%
Percent Sold 71.5% 50.9% 40.5%
Total Raised £41,627,700 £31,529,792 32.0%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 610 677 -9.9%
Lots Sold 432 338 27.8%
Percent Sold 70.8% 49.9% 41.9%
Total Raised £32,044,900 £24,135,792 32.8%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 71 58 22.4%
Lots Sold 55 36 52.8%
Percent Sold 77.5% 62.1% 24.8%
Total Raised £9,582,800 £7,394,000 29.6%


North-West

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 1,624 1,352 20.1%
Lots Sold 1,153 880 31.0%
Percent Sold 71% 65.1% 9.1%
Total Raised £105,265,835 £90,169,810 16.7%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 1,222 1,056 15.7%
Lots Sold 884 688 28.5%
Percent Sold 72.3% 65.2% 10.9%
Total Raised £62,142,964 £60,984,110 1.9%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 402 296 35.8%
Lots Sold 269 192 40.1%
Percent Sold 66.9% 64.9% 3.1%
Total Raised £43,122,871 £29,185,700 47.8%


North-West Home Counties

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 381 397 -4.0%
Lots Sold 286 290 -1.4%
Percent Sold 75.1% 73% 2.9%
Total Raised £72,986,145 £76,835,626 -5.0%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 286 301 -5.0%
Lots Sold 214 219 -2.3%
Percent Sold 74.8% 72.8% 2.7%
Total Raised £38,685,145 £43,855,600 -11.8%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 95 96 -1.0%
Lots Sold 72 71 1.4%
Percent Sold 75.8% 74% 2.4%
Total Raised £34,301,000 £32,980,026 4.0%


Scotland

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 271 272 -0.4%
Lots Sold 106 124 -14.5%
Percent Sold 39.1% 45.6% -14.3%
Total Raised £12,117,955 £13,513,700 -10.3%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 197 219 -10.0%
Lots Sold 73 95 -23.2%
Percent Sold 37.1% 43.4% -14.5%
Total Raised £5,408,055 £6,117,100 -11.6%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 74 53 39.6%
Lots Sold 33 29 13.8%
Percent Sold 44.6% 54.7% -18.5%
Total Raised £6,709,900 £7,396,600 -9.3%


South-East Home Counties

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 1,004 1,039 -3.4%
Lots Sold 776 754 2.9%
Percent Sold 77.3% 72.6% 6.5%
Total Raised £156,012,888 £135,944,896 14.8%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 758 780 -2.8%
Lots Sold 584 555 5.2%
Percent Sold 77% 71.2% 8.1%
Total Raised £88,213,438 £76,869,596 14.8%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 246 259 -5.0%
Lots Sold 192 199 -3.5%
Percent Sold 78% 76.8% 1.6%
Total Raised £67,799,450 £59,075,300 14.8%


South-West

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 684 617 10.9%
Lots Sold 474 443 7.0%
Percent Sold 69.3% 71.8% -3.5%
Total Raised £64,118,052 £73,106,750 -12.3%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 478 450 6.2%
Lots Sold 318 313 1.6%
Percent Sold 66.5% 69.6% -4.5%
Total Raised £40,634,552 £43,084,000 -5.7%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 206 167 23.4%
Lots Sold 156 130 20.0%
Percent Sold 75.7% 77.8% -2.7%
Total Raised £23,483,500 £30,022,750 -21.8%


Wales

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 531 719 -26.1%
Lots Sold 367 468 -21.6%
Percent Sold 69.1% 65.1% 6.1%
Total Raised £30,372,783 £38,351,898 -20.8%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 406 591 -31.3%
Lots Sold 279 385 -27.5%
Percent Sold 68.7% 65.1% 5.5%
Total Raised £19,931,049 £25,505,603 -21.9%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 125 128 -2.3%
Lots Sold 88 83 6.0%
Percent Sold 70.4% 64.8% 8.6%
Total Raised £10,441,734 £12,846,295 -18.7%


West Midlands

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 907 776 16.9%
Lots Sold 676 478 41.4%
Percent Sold 74.5% 61.6% 20.9%
Total Raised £79,724,350 £56,338,001 41.5%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 682 626 8.9%
Lots Sold 506 387 30.7%
Percent Sold 74.2% 61.8% 20.1%
Total Raised £47,163,850 £35,229,401 33.9%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 225 150 50.0%
Lots Sold 170 91 86.8%
Percent Sold 75.6% 60.7% 24.5%
Total Raised £32,560,500 £21,108,600 54.3%


Yorkshire and The Humber

Total
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 826 798 3.5%
Lots Sold 592 565 4.8%
Percent Sold 71.7% 70.8% 1.3%
Total Raised £56,272,180 £59,345,085 -5.2%


Residential
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 669 647 3.4%
Lots Sold 484 457 5.9%
Percent Sold 72.3% 70.6% 2.4%
Total Raised £37,884,405 £33,990,625 11.5%


Commercial
October 2011 - December 2011 October 2010 - December 2010 Increase
Lots Offered 157 151 4.0%
Lots Sold 108 108 0.0%
Percent Sold 68.8% 71.5% -3.8%
Total Raised £18,387,775 £25,354,460 -27.5%


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