Auction Data for August 2012


Essential Auction News

David Sandeman, Managing Director Welcome to the September newsletter that looks back at auctions held in August and preceeding periods. As is usually the case August was relatively quiet when compared to other months, with only 50 auctions held in the UK. That being said, lots offered, lots sold and amounts raised all increased substantially on August 2011, yet the percent sold fell slightly. These increases were largely due to the residential market - more on this below.

As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general.

Kind regards

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

National Auction Analysis

Figures belows show sizeable increases in the volume of residential lots offered and sold in August (up 73% and 52% respectively), and in the amounts raised (up to £44M from £32M in August 2011). Given the decreases witnessed last month these are encouraging numbers, notwithstanding the fact it was a 'quieter' period in the auction calender.

The changes evident in the commercial sector for the month are fairly meaningless due to the very small volume of lots in the market. The rolling quarterly figures usually offer a better picture of the market and these show slight falls when compared to the same period in 2011, however as explained in our July newsletter the significant reason behind the drop in numbers is that a major commercial auction house held their sale in May this year compared to June last year.

Total

Last Month Last Quarter Last Year
August 2012 August 2011 Increase June 2012 - August 2012 June 2011 - August 2011 Increase September 2011 - August 2012 September 2010 - August 2011 Increase
Lots Offered 866 560 54.6% 7,145 7,012 1.9% 33,841 32,369 4.5%
Lots Sold 592 428 38.3% 5,005 5,116 -2.2% 25,014 23,200 7.8%
Percent Sold 68.4% 76.4% -10.5% 70% 73% -4.1% 73.9% 71.7% 3.1%
Total Raised £48,324,372 £38,799,608 24.5% £648,905,295 £693,028,300 -6.4% £3,397,119,588 £3,267,258,221 4.0%

Residential

Last Month Last Quarter Last Year
August 2012 August 2011 Increase June 2012 - August 2012 June 2011 - August 2011 Increase September 2011 - August 2012 September 2010 - August 2011 Increase
Lots Offered 776 449 72.8% 5,812 5,567 4.4% 27,306 26,175 4.3%
Lots Sold 534 352 51.7% 4,076 4,085 -0.2% 20,265 18,724 8.2%
Percent Sold 68.8% 78.4% -12.2% 70.1% 73.4% -4.5% 74.2% 71.5% 3.8%
Total Raised £44,081,761 £32,277,758 36.6% £455,301,340 £488,089,504 -6.7% £2,342,835,278 £2,223,885,308 5.3%

Commercial

Last Month Last Quarter Last Year
August 2012 August 2011 Increase June 2012 - August 2012 June 2011 - August 2011 Increase September 2011 - August 2012 September 2010 - August 2011 Increase
Lots Offered 90 106 -15.1% 1,333 1,438 -7.3% 6,535 6,194 5.5%
Lots Sold 58 73 -20.5% 929 1,031 -9.9% 4,749 4,476 6.1%
Percent Sold 64.4% 68.9% -6.5% 69.7% 71.7% -2.8% 72.7% 72.3% 0.6%
Total Raised £4,242,611 £6,158,850 -31.1% £193,603,955 £204,938,796 -5.5% £1,054,284,310 £1,043,372,913 1.0%


Regional Auction Analysis

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

East Anglia

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 239 206 16.0%
Lots Sold 163 155 5.2%
Percent Sold 68.2% 75.2% -9.3%
Total Raised £19,170,500 £18,965,745 1.1%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 187 156 19.9%
Lots Sold 126 116 8.6%
Percent Sold 67.4% 74.4% -9.4%
Total Raised £12,333,500 £12,935,745 -4.7%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 52 50 4.0%
Lots Sold 37 39 -5.1%
Percent Sold 71.2% 78% -8.7%
Total Raised £6,837,000 £6,030,000 13.4%


East Midlands

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 525 508 3.3%
Lots Sold 392 373 5.1%
Percent Sold 74.7% 73.4% 1.8%
Total Raised £38,001,501 £38,886,540 -2.3%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 433 412 5.1%
Lots Sold 334 309 8.1%
Percent Sold 77.1% 75% 2.8%
Total Raised £27,844,501 £27,928,790 -0.3%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 92 96 -4.2%
Lots Sold 58 64 -9.4%
Percent Sold 63% 66.7% -5.5%
Total Raised £10,157,000 £10,957,750 -7.3%


London

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 518 625 -17.1%
Lots Sold 411 501 -18.0%
Percent Sold 79.3% 80.2% -1.1%
Total Raised £125,873,375 £154,288,870 -18.4%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 444 551 -19.4%
Lots Sold 348 436 -20.2%
Percent Sold 78.4% 79.1% -0.9%
Total Raised £100,127,880 £115,581,370 -13.4%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 74 74 0.0%
Lots Sold 63 65 -3.1%
Percent Sold 85.1% 87.8% -3.1%
Total Raised £25,745,495 £38,707,500 -33.5%


North-East

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 793 672 18.0%
Lots Sold 539 479 12.5%
Percent Sold 68% 71.3% -4.6%
Total Raised £45,660,829 £37,911,406 20.4%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 741 613 20.9%
Lots Sold 507 442 14.7%
Percent Sold 68.4% 72.1% -5.1%
Total Raised £42,286,579 £34,624,806 22.1%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 52 59 -11.9%
Lots Sold 32 37 -13.5%
Percent Sold 61.5% 62.7% -1.9%
Total Raised £3,374,250 £3,286,600 2.7%


North-West

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 1,138 1,290 -11.8%
Lots Sold 789 923 -14.5%
Percent Sold 69.3% 71.6% -3.2%
Total Raised £67,719,709 £86,359,996 -21.6%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 908 966 -6.0%
Lots Sold 639 693 -7.8%
Percent Sold 70.4% 71.7% -1.8%
Total Raised £46,788,509 £56,509,550 -17.2%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 230 324 -29.0%
Lots Sold 150 230 -34.8%
Percent Sold 65.2% 71% -8.2%
Total Raised £20,931,200 £29,850,446 -29.9%


North-West Home Counties

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 247 296 -16.6%
Lots Sold 188 226 -16.8%
Percent Sold 76.1% 76.4% -0.4%
Total Raised £50,289,606 £54,559,450 -7.8%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 187 231 -19.0%
Lots Sold 145 187 -22.5%
Percent Sold 77.5% 81% -4.3%
Total Raised £28,606,356 £35,516,950 -19.5%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 60 65 -7.7%
Lots Sold 43 39 10.3%
Percent Sold 71.7% 60% 19.5%
Total Raised £21,683,250 £19,042,500 13.9%


Northern Ireland

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 197 38 418.4%
Lots Sold 109 26 319.2%
Percent Sold 55.3% 68.4% -19.2%
Total Raised £6,109,100 £1,538,400 297.1%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 181 37 389.2%
Lots Sold 101 26 288.5%
Percent Sold 55.8% 70.3% -20.6%
Total Raised £5,677,100 £1,538,400 269.0%


Scotland

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 326 114 186.0%
Lots Sold 139 63 120.6%
Percent Sold 42.6% 55.3% -23.0%
Total Raised £8,809,849 £5,745,450 53.3%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 270 90 200.0%
Lots Sold 121 48 152.1%
Percent Sold 44.8% 53.3% -15.9%
Total Raised £5,499,350 £2,015,700 172.8%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 56 24 133.3%
Lots Sold 18 15 20.0%
Percent Sold 32.1% 62.5% -48.6%
Total Raised £3,310,499 £3,729,750 -11.2%


South-East Home Counties

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 757 866 -12.6%
Lots Sold 571 654 -12.7%
Percent Sold 75.4% 75.5% -0.1%
Total Raised £105,525,684 £106,188,901 -0.6%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 582 661 -12.0%
Lots Sold 440 502 -12.4%
Percent Sold 75.6% 75.9% -0.4%
Total Raised £66,692,584 £75,127,851 -11.2%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 175 205 -14.6%
Lots Sold 131 152 -13.8%
Percent Sold 74.9% 74.1% 1.1%
Total Raised £38,833,100 £31,061,050 25.0%


South-West

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 581 576 0.9%
Lots Sold 420 415 1.2%
Percent Sold 72.3% 72% 0.4%
Total Raised £53,110,500 £60,638,100 -12.4%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 412 422 -2.4%
Lots Sold 278 299 -7.0%
Percent Sold 67.5% 70.9% -4.8%
Total Raised £35,525,600 £40,517,900 -12.3%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 169 154 9.7%
Lots Sold 142 116 22.4%
Percent Sold 84% 75.3% 11.6%
Total Raised £17,584,900 £20,120,200 -12.6%


Wales

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 462 516 -10.5%
Lots Sold 327 371 -11.9%
Percent Sold 70.8% 71.9% -1.5%
Total Raised £30,383,911 £30,626,850 -0.8%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 339 393 -13.7%
Lots Sold 246 286 -14.0%
Percent Sold 72.6% 72.8% -0.3%
Total Raised £16,623,650 £20,592,350 -19.3%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 123 123 0.0%
Lots Sold 81 85 -4.7%
Percent Sold 65.9% 69.1% -4.6%
Total Raised £13,760,261 £10,034,500 37.1%


West Midlands

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 637 584 9.1%
Lots Sold 471 429 9.8%
Percent Sold 73.9% 73.5% 0.5%
Total Raised £48,563,399 £51,641,850 -6.0%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 518 440 17.7%
Lots Sold 385 320 20.3%
Percent Sold 74.3% 72.7% 2.2%
Total Raised £34,264,149 £31,036,500 10.4%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 119 144 -17.4%
Lots Sold 86 109 -21.1%
Percent Sold 72.3% 75.7% -4.5%
Total Raised £14,299,250 £20,605,350 -30.6%


Yorkshire and The Humber

Total
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 725 715 1.4%
Lots Sold 486 501 -3.0%
Percent Sold 67% 70.1% -4.4%
Total Raised £49,687,332 £45,676,742 8.8%


Residential
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 610 595 2.5%
Lots Sold 406 421 -3.6%
Percent Sold 66.6% 70.8% -5.9%
Total Raised £33,031,582 £34,163,592 -3.3%


Commercial
June 2012 - August 2012 June 2011 - August 2011 Increase
Lots Offered 115 120 -4.2%
Lots Sold 80 80 0.0%
Percent Sold 69.6% 66.7% 4.3%
Total Raised £16,655,750 £11,513,150 44.7%


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