Auction Data for April 2012


Essential Auction News

David Sandeman, Managing Director Welcome to the May newsletter that looks back at property auctions held in April 2012 and preceding periods. Results show a slight dip in the overall sale rate to 69.4% when compared to the rates achieved in recent months; however it is still up on the 67.2% seen in April 2011. Furthermore, the sale rates achieved in the rolling quarter and year have also risen, whilst the total value of lots sold in UK auction rooms continues to increase.

Overall it is has been another positive month in the auction market and I do hope this continues through the summer and beyond. As always if you have any comments or feedback then please do get in touch.

Kind regards

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

National Auction Analysis

The volume of lots offered and sold at auction in April rose by 12.4% and 16.1% respectively, whilst the total value also increased by nearly 12% to over £179M. These substantial gains were largely due to the on-going success of the residential market, with this being the third consecutive month to record an increase in every measurable parameter. Residential lots sold show double-digit increases in all three comparable periods, whilst the total raised jumped from £118M in April 2011 to nearly £150M in April 2012 - a remarkable 26.7% rise.

The commercial market fared less well, with the monthly figures all down on last year. However, if one looks to the quarterly and yearly comparisons (which are perhaps a better indication of the longer term outlook), then the figures point towards a stable market with some encouraging signs of growth.

Total

Last Month Last Quarter Last Year
April 2012 April 2011 Increase February 2012 - April 2012 February 2011 - April 2011 Increase May 2011 - April 2012 May 2010 - April 2011 Increase
Lots Offered 2,503 2,227 12.4% 9,244 8,495 8.8% 33,298 31,548 5.5%
Lots Sold 1,738 1,497 16.1% 6,749 6,003 12.4% 24,755 21,921 12.9%
Percent Sold 69.4% 67.2% 3.3% 73% 70.7% 3.3% 74.3% 69.5% 6.9%
Total Raised £179,543,870 £160,622,782 11.8% £911,385,194 £805,585,345 13.1% £3,398,338,009 £3,167,569,398 7.3%

Residential

Last Month Last Quarter Last Year
April 2012 April 2011 Increase February 2012 - April 2012 February 2011 - April 2011 Increase May 2011 - April 2012 May 2010 - April 2011 Increase
Lots Offered 2,112 1,821 16.0% 7,618 6,889 10.6% 26,771 25,439 5.2%
Lots Sold 1,479 1,226 20.6% 5,611 4,891 14.7% 19,983 17,598 13.6%
Percent Sold 70% 67.3% 4.0% 73.7% 71% 3.8% 74.6% 69.2% 7.8%
Total Raised £149,468,770 £117,989,532 26.7% £666,304,901 £567,739,937 17.4% £2,348,070,809 £2,152,310,721 9.1%

Commercial

Last Month Last Quarter Last Year
April 2012 April 2011 Increase February 2012 - April 2012 February 2011 - April 2011 Increase May 2011 - April 2012 May 2010 - April 2011 Increase
Lots Offered 391 405 -3.5% 1,626 1,606 1.2% 6,527 6,109 6.8%
Lots Sold 259 271 -4.4% 1,138 1,112 2.3% 4,772 4,323 10.4%
Percent Sold 66.2% 66.9% -1.0% 70% 69.2% 1.2% 73.1% 70.8% 3.2%
Total Raised £30,075,100 £42,633,250 -29.5% £245,080,293 £237,845,408 3.0% £1,050,267,200 £1,015,258,677 3.4%


Regional Auction Analysis

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

East Anglia

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 277 257 7.8%
Lots Sold 203 184 10.3%
Percent Sold 73.3% 71.6% 2.4%
Total Raised £24,137,630 £25,921,150 -6.9%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 223 207 7.7%
Lots Sold 164 153 7.2%
Percent Sold 73.5% 73.9% -0.5%
Total Raised £18,825,330 £17,110,650 10.0%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 54 50 8.0%
Lots Sold 39 31 25.8%
Percent Sold 72.2% 62% 16.5%
Total Raised £5,312,300 £8,810,500 -39.7%


East Midlands

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 636 624 1.9%
Lots Sold 471 435 8.3%
Percent Sold 74.1% 69.7% 6.3%
Total Raised £46,610,450 £43,638,807 6.8%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 511 522 -2.1%
Lots Sold 382 370 3.2%
Percent Sold 74.8% 70.9% 5.5%
Total Raised £32,099,700 £30,918,257 3.8%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 125 102 22.5%
Lots Sold 89 65 36.9%
Percent Sold 71.2% 63.7% 11.8%
Total Raised £14,510,750 £12,720,550 14.1%


London

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 785 891 -11.9%
Lots Sold 652 732 -10.9%
Percent Sold 83.1% 82.2% 1.1%
Total Raised £225,264,455 £217,569,942 3.5%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 689 761 -9.5%
Lots Sold 575 628 -8.4%
Percent Sold 83.5% 82.5% 1.2%
Total Raised £181,833,455 £155,342,192 17.1%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 96 130 -26.2%
Lots Sold 77 104 -26.0%
Percent Sold 80.2% 80% 0.3%
Total Raised £43,431,000 £62,227,750 -30.2%


North-East

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 774 644 20.2%
Lots Sold 572 372 53.8%
Percent Sold 73.9% 57.8% 27.9%
Total Raised £45,553,246 £26,775,073 70.1%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 709 590 20.2%
Lots Sold 528 347 52.2%
Percent Sold 74.5% 58.8% 26.7%
Total Raised £39,755,991 £24,089,323 65.0%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 65 54 20.4%
Lots Sold 44 25 76.0%
Percent Sold 67.7% 46.3% 46.2%
Total Raised £5,797,255 £2,685,750 115.9%


North-West

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 1,867 1,475 26.6%
Lots Sold 1,331 996 33.6%
Percent Sold 71.3% 67.5% 5.6%
Total Raised £100,548,892 £83,780,486 20.0%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 1,477 1,147 28.8%
Lots Sold 1,066 786 35.6%
Percent Sold 72.2% 68.5% 5.4%
Total Raised £69,233,743 £58,850,036 17.6%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 390 328 18.9%
Lots Sold 265 210 26.2%
Percent Sold 67.9% 64% 6.1%
Total Raised £31,315,149 £24,930,450 25.6%


North-West Home Counties

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 360 328 9.8%
Lots Sold 294 245 20.0%
Percent Sold 81.7% 74.7% 9.4%
Total Raised £73,930,850 £63,165,600 17.0%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 292 242 20.7%
Lots Sold 238 184 29.3%
Percent Sold 81.5% 76% 7.2%
Total Raised £46,534,600 £33,886,000 37.3%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 68 86 -20.9%
Lots Sold 56 61 -8.2%
Percent Sold 82.4% 70.9% 16.2%
Total Raised £27,396,250 £29,279,600 -6.4%


Scotland

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 303 172 76.2%
Lots Sold 125 98 27.6%
Percent Sold 41.3% 57% -27.5%
Total Raised £11,624,375 £10,744,000 8.2%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 243 131 85.5%
Lots Sold 102 74 37.8%
Percent Sold 42% 56.5% -25.7%
Total Raised £5,494,375 £5,788,400 -5.1%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 60 41 46.3%
Lots Sold 23 24 -4.2%
Percent Sold 38.3% 58.5% -34.5%
Total Raised £6,130,000 £4,955,600 23.7%


South-East Home Counties

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 944 1,021 -7.5%
Lots Sold 739 757 -2.4%
Percent Sold 78.3% 74.1% 5.7%
Total Raised £139,805,800 £130,638,920 7.0%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 768 819 -6.2%
Lots Sold 612 604 1.3%
Percent Sold 79.7% 73.7% 8.1%
Total Raised £93,471,900 £95,137,320 -1.8%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 176 202 -12.9%
Lots Sold 127 153 -17.0%
Percent Sold 72.2% 75.7% -4.6%
Total Raised £46,333,900 £35,501,600 30.5%


South-West

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 688 688 0.0%
Lots Sold 487 495 -1.6%
Percent Sold 70.8% 71.9% -1.5%
Total Raised £70,700,089 £62,557,281 13.0%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 519 510 1.8%
Lots Sold 362 354 2.3%
Percent Sold 69.7% 69.4% 0.4%
Total Raised £48,673,400 £43,711,950 11.4%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 169 178 -5.1%
Lots Sold 125 141 -11.3%
Percent Sold 74% 79.2% -6.6%
Total Raised £22,026,689 £18,845,331 16.9%


Wales

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 572 645 -11.3%
Lots Sold 415 441 -5.9%
Percent Sold 72.6% 68.4% 6.1%
Total Raised £33,088,010 £34,587,250 -4.3%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 448 517 -13.3%
Lots Sold 328 353 -7.1%
Percent Sold 73.2% 68.3% 7.2%
Total Raised £23,336,910 £24,542,250 -4.9%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 124 128 -3.1%
Lots Sold 87 88 -1.1%
Percent Sold 70.2% 68.8% 2.0%
Total Raised £9,751,100 £10,045,000 -2.9%


West Midlands

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 933 790 18.1%
Lots Sold 710 591 20.1%
Percent Sold 76.1% 74.8% 1.7%
Total Raised £71,158,101 £51,373,552 38.5%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 786 662 18.7%
Lots Sold 608 497 22.3%
Percent Sold 77.4% 75.1% 3.1%
Total Raised £55,055,501 £36,902,452 49.2%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 147 128 14.8%
Lots Sold 102 94 8.5%
Percent Sold 69.4% 73.4% -5.4%
Total Raised £16,102,600 £14,471,100 11.3%


Yorkshire and The Humber

Total
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 923 909 1.5%
Lots Sold 671 632 6.2%
Percent Sold 72.7% 69.5% 4.6%
Total Raised £64,052,296 £53,674,734 19.3%


Residential
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 786 733 7.2%
Lots Sold 575 516 11.4%
Percent Sold 73.2% 70.4% 4.0%
Total Raised £47,492,996 £40,302,557 17.8%


Commercial
February 2012 - April 2012 February 2011 - April 2011 Increase
Lots Offered 137 176 -22.2%
Lots Sold 96 116 -17.2%
Percent Sold 70.1% 65.9% 6.4%
Total Raised £16,559,300 £13,372,177 23.8%


Your Comments

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