Auction Data for September 2012


Essential Auction News

David Sandeman, Managing Director Welcome to the October newsletter that looks back at auctions held in September and preceding periods. 194 property auctions were held nationwide with over 4,000 lots going under the hammer, making September the busiest month of the year so far.

Over 72% of properties sold during the month, up from 68.8% in September 2011. This is particularly encouraging given that recent press articles are reporting on falls of up to 20% on property transactions in the open market, as the knock-on effect from the Olympics and a continued lack of lending hampers the market.

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

Kind regards

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

National Auction Analysis

The national auction analysis shows that of the 12 metrics measured, 6 increased and 6 decreased when compared with the corresponding period in the previous year, whilst the percent sold is the only metric to record a gain across all sectors. The residential market was notably stronger - the monthly sale rate of 73.5% was up 6% on September 2012 as opposed to the 0.8% rise seen in the commercial market.

Whilst the commercial figures show double-digit falls in auction activity, this is solely due to a reduction in commercial lots offered by predominantly residential auctioneers, as none of the London commercial auctioneers hold an auction in September.

Total

Last Month Last Quarter Last Year
September 2012 September 2011 Increase July 2012 - September 2012 July 2011 - September 2011 Increase October 2011 - September 2012 October 2010 - September 2011 Increase
Lots Offered 4,074 4,297 -5.2% 8,715 8,869 -1.7% 33,634 32,561 3.3%
Lots Sold 2,955 2,958 -0.1% 6,274 6,303 -0.5% 24,894 23,300 6.8%
Percent Sold 72.5% 68.8% 5.4% 72% 71.1% 1.3% 74% 71.6% 3.4%
Total Raised £338,361,814 £348,763,084 -3.0% £797,328,115 £840,089,636 -5.1% £3,377,764,586 £3,299,426,713 2.4%

Residential

Last Month Last Quarter Last Year
September 2012 September 2011 Increase July 2012 - September 2012 July 2011 - September 2011 Increase October 2011 - September 2012 October 2010 - September 2011 Increase
Lots Offered 3,506 3,580 -2.1% 7,168 7,165 0.0% 27,250 26,291 3.6%
Lots Sold 2,578 2,486 3.7% 5,183 5,113 1.4% 20,252 18,787 7.8%
Percent Sold 73.5% 69.4% 5.9% 72.3% 71.4% 1.3% 74.3% 71.5% 3.9%
Total Raised £294,926,382 £282,035,979 4.6% £587,667,023 £601,908,536 -2.4% £2,345,775,229 £2,235,611,095 4.9%

Commercial

Last Month Last Quarter Last Year
September 2012 September 2011 Increase July 2012 - September 2012 July 2011 - September 2011 Increase October 2011 - September 2012 October 2010 - September 2011 Increase
Lots Offered 568 698 -18.6% 1,547 1,685 -8.2% 6,384 6,270 1.8%
Lots Sold 377 460 -18.0% 1,091 1,178 -7.4% 4,642 4,513 2.9%
Percent Sold 66.4% 65.9% 0.8% 70.5% 69.9% 0.9% 72.7% 72% 1.0%
Total Raised £43,435,432 £65,819,105 -34.0% £209,661,092 £237,273,100 -11.6% £1,031,989,357 £1,063,815,618 -3.0%


Regional Auction Analysis

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

East Anglia

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 256 271 -5.5%
Lots Sold 195 200 -2.5%
Percent Sold 76.2% 73.8% 3.3%
Total Raised £22,482,000 £24,626,750 -8.7%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 199 203 -2.0%
Lots Sold 155 149 4.0%
Percent Sold 77.9% 73.4% 6.1%
Total Raised £15,683,500 £18,425,250 -14.9%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 57 68 -16.2%
Lots Sold 40 51 -21.6%
Percent Sold 70.2% 75% -6.4%
Total Raised £6,798,500 £6,201,500 9.6%


East Midlands

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 749 679 10.3%
Lots Sold 549 493 11.4%
Percent Sold 73.3% 72.6% 1.0%
Total Raised £54,276,799 £53,164,945 2.1%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 625 554 12.8%
Lots Sold 479 407 17.7%
Percent Sold 76.6% 73.5% 4.2%
Total Raised £43,587,299 £35,578,395 22.5%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 124 125 -0.8%
Lots Sold 70 86 -18.6%
Percent Sold 56.5% 68.8% -17.9%
Total Raised £10,689,500 £17,586,550 -39.2%


London

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 640 805 -20.5%
Lots Sold 509 632 -19.5%
Percent Sold 79.5% 78.5% 1.3%
Total Raised £159,605,916 £181,172,325 -11.9%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 552 722 -23.5%
Lots Sold 439 559 -21.5%
Percent Sold 79.5% 77.4% 2.7%
Total Raised £131,827,416 £138,385,825 -4.7%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 88 83 6.0%
Lots Sold 70 73 -4.1%
Percent Sold 79.5% 88% -9.7%
Total Raised £27,778,500 £42,786,500 -35.1%


North-East

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 855 724 18.1%
Lots Sold 581 530 9.6%
Percent Sold 68% 73.2% -7.1%
Total Raised £46,815,029 £42,075,098 11.3%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 792 660 20.0%
Lots Sold 540 493 9.5%
Percent Sold 68.2% 74.7% -8.7%
Total Raised £42,491,779 £38,231,498 11.1%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 63 64 -1.6%
Lots Sold 41 37 10.8%
Percent Sold 65.1% 57.8% 12.6%
Total Raised £4,323,250 £3,843,600 12.5%


North-West

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 1,461 1,556 -6.1%
Lots Sold 1,000 1,032 -3.1%
Percent Sold 68.4% 66.3% 3.2%
Total Raised £82,988,224 £91,030,475 -8.8%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 1,168 1,226 -4.7%
Lots Sold 806 812 -0.7%
Percent Sold 69% 66.2% 4.2%
Total Raised £56,775,542 £62,970,875 -9.8%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 293 330 -11.2%
Lots Sold 194 220 -11.8%
Percent Sold 66.2% 66.7% -0.7%
Total Raised £26,212,682 £28,059,600 -6.6%


North-West Home Counties

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 333 337 -1.2%
Lots Sold 266 259 2.7%
Percent Sold 79.9% 76.9% 3.9%
Total Raised £68,169,631 £62,965,100 8.3%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 271 270 0.4%
Lots Sold 215 216 -0.5%
Percent Sold 79.3% 80% -0.9%
Total Raised £46,067,381 £41,643,100 10.6%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 62 67 -7.5%
Lots Sold 51 43 18.6%
Percent Sold 82.3% 64.2% 28.2%
Total Raised £22,102,250 £21,322,000 3.7%


Northern Ireland

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 189 125 51.2%
Lots Sold 107 80 33.8%
Percent Sold 56.6% 64% -11.6%
Total Raised £6,003,750 £5,710,150 5.1%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 180 106 69.8%
Lots Sold 105 68 54.4%
Percent Sold 58.3% 64.2% -9.2%
Total Raised £5,878,750 £4,802,150 22.4%


Scotland

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 274 111 146.8%
Lots Sold 148 52 184.6%
Percent Sold 54% 46.8% 15.4%
Total Raised £9,583,099 £5,520,216 73.6%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 247 84 194.0%
Lots Sold 135 35 285.7%
Percent Sold 54.7% 41.7% 31.2%
Total Raised £6,508,600 £1,843,366 253.1%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 27 27 0.0%
Lots Sold 13 17 -23.5%
Percent Sold 48.1% 63% -23.7%
Total Raised £3,074,499 £3,676,850 -16.4%


South-East Home Counties

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 898 966 -7.0%
Lots Sold 674 708 -4.8%
Percent Sold 75.1% 73.3% 2.5%
Total Raised £121,302,234 £117,592,130 3.2%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 730 744 -1.9%
Lots Sold 549 545 0.7%
Percent Sold 75.2% 73.3% 2.6%
Total Raised £85,487,384 £82,985,630 3.0%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 168 222 -24.3%
Lots Sold 125 163 -23.3%
Percent Sold 74.4% 73.4% 1.4%
Total Raised £35,814,850 £34,606,500 3.5%


South-West

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 643 766 -16.1%
Lots Sold 482 518 -6.9%
Percent Sold 75% 67.6% 10.9%
Total Raised £59,532,855 £80,619,050 -26.2%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 455 564 -19.3%
Lots Sold 329 361 -8.9%
Percent Sold 72.3% 64% 13.0%
Total Raised £41,597,455 £49,751,550 -16.4%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 188 202 -6.9%
Lots Sold 153 157 -2.5%
Percent Sold 81.4% 77.7% 4.8%
Total Raised £17,935,400 £30,867,500 -41.9%


Wales

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 672 628 7.0%
Lots Sold 499 451 10.6%
Percent Sold 74.3% 71.8% 3.5%
Total Raised £43,850,111 £38,281,747 14.5%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 531 480 10.6%
Lots Sold 407 355 14.6%
Percent Sold 76.6% 74% 3.5%
Total Raised £27,923,950 £27,342,997 2.1%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 141 148 -4.7%
Lots Sold 92 96 -4.2%
Percent Sold 65.2% 64.9% 0.5%
Total Raised £15,926,161 £10,938,750 45.6%


West Midlands

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 802 916 -12.4%
Lots Sold 602 679 -11.3%
Percent Sold 75.1% 74.1% 1.3%
Total Raised £60,604,849 £77,486,300 -21.8%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 618 709 -12.8%
Lots Sold 463 539 -14.1%
Percent Sold 74.9% 76% -1.4%
Total Raised £41,412,099 £51,603,900 -19.8%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 184 207 -11.1%
Lots Sold 139 140 -0.7%
Percent Sold 75.5% 67.6% 11.7%
Total Raised £19,192,750 £25,882,400 -25.8%


Yorkshire and The Humber

Total
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 943 985 -4.3%
Lots Sold 662 669 -1.0%
Percent Sold 70.2% 67.9% 3.4%
Total Raised £62,113,618 £59,845,350 3.8%


Residential
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 800 843 -5.1%
Lots Sold 561 574 -2.3%
Percent Sold 70.1% 68.1% 2.9%
Total Raised £42,425,868 £48,344,000 -12.2%


Commercial
July 2012 - September 2012 July 2011 - September 2011 Increase
Lots Offered 143 142 0.7%
Lots Sold 101 95 6.3%
Percent Sold 70.6% 66.9% 5.5%
Total Raised £19,687,750 £11,501,350 71.2%


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