Auction Data for February 2012


Essential Auction News

David Sandeman, Managing Director Welcome to the March newsletter that looks at auction activity in February and the preceding quarterly and yearly periods. It is again pleasing to report on more positive growth in the industry, with the overall sale rate of 72.7%, up 5% on February 2011, and the total amount realised topping £400 million (a rise of over 12%). Nearly 4,000 lots were offered in 128 auctions across the UK - the largest volumes witnessed in the month since February 2008, clear evidence showing that auctions remain an attractive and viable means of buying and selling property.

As ever I would welcome any feedback you have regarding the newsletter, or indeed the market in general.

Kind regards

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

National Auction Analysis

As reported above, auction results for February 2012 are mainly positive and continue the trends witnessed in the last 6-12 months. Double-digit increases in lots sold are evident in the monthly, rolling quarter and rolling year figures.

It is the residential sector that again sees the most marked improvements. Significant rises are apparent in almost every metric, most notably in the volumes sold and the amount raised. Nearly £300 million was realised in February alone, a 21% increase on February 2011, and this is in contrast to the commercial market which saw falls in the amounts raised.

Total

Last Month Last Quarter Last Year
February 2012 February 2011 Increase December 2011 - February 2012 December 2010 - February 2011 Increase March 2011 - February 2012 March 2010 - February 2011 Increase
Lots Offered 3,923 3,514 11.6% 7,844 7,295 7.5% 32,991 31,798 3.8%
Lots Sold 2,852 2,424 17.7% 5,667 5,068 11.8% 24,402 22,045 10.7%
Percent Sold 72.7% 69% 5.4% 72.2% 69.5% 3.9% 74% 69.3% 6.8%
Total Raised £409,897,643 £365,333,450 12.2% £780,033,998 £789,004,852 -1.1% £3,343,556,853 £3,284,327,450 1.8%

Residential

Last Month Last Quarter Last Year
February 2012 February 2011 Increase December 2011 - February 2012 December 2010 - February 2011 Increase March 2011 - February 2012 March 2010 - February 2011 Increase
Lots Offered 3,212 2,823 13.8% 6,448 5,918 9.0% 26,443 25,538 3.5%
Lots Sold 2,361 1,964 20.2% 4,705 4,104 14.6% 19,606 17,584 11.5%
Percent Sold 73.5% 69.6% 5.6% 73% 69.3% 5.3% 74.1% 68.9% 7.5%
Total Raised £293,820,404 £242,382,069 21.2% £553,258,540 £495,416,089 11.7% £2,289,558,674 £2,169,422,150 5.5%

Commercial

Last Month Last Quarter Last Year
February 2012 February 2011 Increase December 2011 - February 2012 December 2010 - February 2011 Increase March 2011 - February 2012 March 2010 - February 2011 Increase
Lots Offered 711 692 2.7% 1,396 1,377 1.4% 6,548 6,260 4.6%
Lots Sold 491 460 6.7% 962 964 -0.2% 4,796 4,461 7.5%
Percent Sold 69.1% 66.5% 3.9% 68.9% 70% -1.6% 73.2% 71.3% 2.7%
Total Raised £116,077,239 £122,951,381 -5.6% £226,775,458 £293,153,763 -22.6% £1,053,998,179 £1,114,905,300 -5.5%


Regional Auction Analysis

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

East Anglia

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 191 227 -15.9%
Lots Sold 143 155 -7.7%
Percent Sold 74.9% 68.3% 9.7%
Total Raised £16,717,500 £21,648,900 -22.8%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 145 195 -25.6%
Lots Sold 111 132 -15.9%
Percent Sold 76.6% 67.7% 13.1%
Total Raised £11,440,500 £13,768,900 -16.9%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 46 32 43.8%
Lots Sold 32 23 39.1%
Percent Sold 69.6% 71.9% -3.2%
Total Raised £5,277,000 £7,880,000 -33.0%


East Midlands

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 546 559 -2.3%
Lots Sold 414 407 1.7%
Percent Sold 75.8% 72.8% 4.1%
Total Raised £43,571,453 £40,506,240 7.6%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 448 479 -6.5%
Lots Sold 349 355 -1.7%
Percent Sold 77.9% 74.1% 5.1%
Total Raised £28,978,153 £27,543,640 5.2%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 98 80 22.5%
Lots Sold 65 52 25.0%
Percent Sold 66.3% 65% 2.0%
Total Raised £14,593,300 £12,962,600 12.6%


London

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 780 963 -19.0%
Lots Sold 650 778 -16.5%
Percent Sold 83.3% 80.8% 3.1%
Total Raised £203,794,750 £252,948,001 -19.4%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 677 799 -15.3%
Lots Sold 572 643 -11.0%
Percent Sold 84.5% 80.5% 5.0%
Total Raised £167,254,750 £163,521,750 2.3%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 103 164 -37.2%
Lots Sold 78 135 -42.2%
Percent Sold 75.7% 82.3% -8.0%
Total Raised £36,540,000 £89,426,251 -59.1%


North-East

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 755 571 32.2%
Lots Sold 566 275 105.8%
Percent Sold 75% 48.2% 55.6%
Total Raised £47,764,044 £21,383,050 123.4%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 693 524 32.3%
Lots Sold 524 250 109.6%
Percent Sold 75.6% 47.7% 58.5%
Total Raised £40,516,194 £17,668,550 129.3%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 62 47 31.9%
Lots Sold 42 25 68.0%
Percent Sold 67.7% 53.2% 27.3%
Total Raised £7,247,850 £3,714,500 95.1%


North-West

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 1,751 1,202 45.7%
Lots Sold 1,208 813 48.6%
Percent Sold 69% 67.6% 2.1%
Total Raised £94,450,364 £73,973,187 27.7%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 1,380 923 49.5%
Lots Sold 964 637 51.3%
Percent Sold 69.9% 69% 1.3%
Total Raised £62,661,554 £48,127,437 30.2%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 371 279 33.0%
Lots Sold 244 176 38.6%
Percent Sold 65.8% 63.1% 4.3%
Total Raised £31,788,810 £25,845,750 23.0%


North-West Home Counties

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 293 330 -11.2%
Lots Sold 248 251 -1.2%
Percent Sold 84.6% 76.1% 11.2%
Total Raised £62,851,600 £75,154,726 -16.4%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 229 240 -4.6%
Lots Sold 189 182 3.8%
Percent Sold 82.5% 75.8% 8.8%
Total Raised £37,093,600 £36,126,600 2.7%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 64 90 -28.9%
Lots Sold 59 69 -14.5%
Percent Sold 92.2% 76.7% 20.2%
Total Raised £25,758,000 £39,028,126 -34.0%


Scotland

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 253 199 27.1%
Lots Sold 94 81 16.0%
Percent Sold 37.2% 40.7% -8.6%
Total Raised £6,407,655 £10,978,670 -41.6%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 208 154 35.1%
Lots Sold 79 60 31.7%
Percent Sold 38% 39% -2.6%
Total Raised £5,185,155 £5,009,170 3.5%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 45 45 0.0%
Lots Sold 15 21 -28.6%
Percent Sold 33.3% 46.7% -28.7%
Total Raised £1,222,500 £5,969,500 -79.5%


South-East Home Counties

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 860 922 -6.7%
Lots Sold 664 690 -3.8%
Percent Sold 77.2% 74.8% 3.2%
Total Raised £135,121,539 £117,204,501 15.3%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 693 741 -6.5%
Lots Sold 538 537 0.2%
Percent Sold 77.6% 72.5% 7.0%
Total Raised £81,475,639 £73,868,001 10.3%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 167 181 -7.7%
Lots Sold 126 153 -17.6%
Percent Sold 75.4% 84.5% -10.8%
Total Raised £53,645,900 £42,901,500 25.0%


South-West

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 447 485 -7.8%
Lots Sold 315 362 -13.0%
Percent Sold 70.5% 74.6% -5.5%
Total Raised £45,498,790 £54,228,031 -16.1%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 349 376 -7.2%
Lots Sold 240 275 -12.7%
Percent Sold 68.8% 73.1% -5.9%
Total Raised £30,838,351 £32,125,150 -4.0%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 98 109 -10.1%
Lots Sold 75 87 -13.8%
Percent Sold 76.5% 79.8% -4.1%
Total Raised £14,660,439 £22,102,881 -33.7%


Wales

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 376 465 -19.1%
Lots Sold 277 312 -11.2%
Percent Sold 73.7% 67.1% 9.8%
Total Raised £22,083,244 £23,441,598 -5.8%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 309 387 -20.2%
Lots Sold 233 266 -12.4%
Percent Sold 75.4% 68.7% 9.8%
Total Raised £14,613,160 £17,870,603 -18.2%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 67 78 -14.1%
Lots Sold 44 46 -4.3%
Percent Sold 65.7% 59% 11.4%
Total Raised £7,470,084 £5,570,995 34.1%


West Midlands

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 670 597 12.2%
Lots Sold 438 437 0.2%
Percent Sold 65.4% 73.2% -10.7%
Total Raised £43,751,050 £49,197,602 -11.1%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 548 486 12.8%
Lots Sold 365 360 1.4%
Percent Sold 66.6% 74.1% -10.1%
Total Raised £30,729,550 £30,266,102 1.5%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 122 111 9.9%
Lots Sold 73 77 -5.2%
Percent Sold 59.8% 69.4% -13.8%
Total Raised £13,021,500 £18,931,500 -31.2%


Yorkshire and The Humber

Total
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 782 723 8.2%
Lots Sold 571 479 19.2%
Percent Sold 73% 66.3% 10.1%
Total Raised £53,142,009 £46,670,746 13.9%


Residential
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 649 562 15.5%
Lots Sold 473 379 24.8%
Percent Sold 72.9% 67.4% 8.2%
Total Raised £38,370,434 £27,850,586 37.8%


Commercial
December 2011 - February 2012 December 2010 - February 2011 Increase
Lots Offered 133 161 -17.4%
Lots Sold 98 100 -2.0%
Percent Sold 73.7% 62.1% 18.7%
Total Raised £14,771,575 £18,820,160 -21.5%


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.