Auction Data for July 2013

Essential Auction News

David Sandeman, Managing Director Welcome to the August newsletter that looks back at auction activity in July and preceding periods. I am pleased to report on another strong set of results in a month which saw almost 4,000 lots go under the hammer. Over £467M worth of property was knocked down, up 25% on July 2012, and the 2.932 lots sold is the highest number recorded in July since 2007.

We are now in one of the quieter periods in the auction calendar so I do hope that you are enjoying this prolonged period of fine Summer weather. As ever I would welcome any feedback you have regarding the newsletter or the wider market in general.

Kind regards

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

National Auction Analysis

The residential sector saw positive gains in every metric measured. Auctioneers sold 2,334 residential lots in July which was up 17% on July 2012, whilst double-digit rises in amounts raised were evident for the month, rolling quarter and rolling year (up 37%, 19% and 11% respectively).

The commercial auction sector witnessed slight falls in lots offered and lots sold during July (down 7% and 4.6% respectively), but aside from that minor dip the rest of the figures are largely positive. The sale rate for all types of auction property remains healthy, having stabilised in the mid-seventies which is comparable to the long term average.

Total

Last Month Last Quarter Last Year
July 2013 July 2012 Increase May 2013 - July 2013 May 2012 - July 2012 Increase August 2012 - July 2013 August 2011 - July 2012 Increase
Lots Offered 3,931 3,762 4.5% 10,202 10,078 1.2% 34,125 33,489 1.9%
Lots Sold 2,932 2,621 11.9% 7,700 7,126 8.1% 25,988 24,747 5.0%
Percent Sold 74.6% 69.7% 7.0% 75.5% 70.7% 6.8% 76.2% 73.9% 3.1%
Total Raised £467,408,989 £373,185,429 25.2% £1,161,355,893 £999,062,884 16.2% £3,622,531,744 £3,346,754,224 8.2%

Residential

Last Month Last Quarter Last Year
July 2013 July 2012 Increase May 2013 - July 2013 May 2012 - July 2012 Increase August 2012 - July 2013 August 2011 - July 2012 Increase
Lots Offered 3,105 2,874 8.0% 8,114 8,007 1.3% 27,712 26,948 2.8%
Lots Sold 2,334 1,994 17.1% 6,129 5,679 7.9% 21,176 20,011 5.8%
Percent Sold 75.2% 69.4% 8.4% 75.5% 70.9% 6.5% 76.4% 74.3% 2.8%
Total Raised £325,249,890 £238,238,380 36.5% £805,693,694 £676,338,504 19.1% £2,576,709,308 £2,319,402,775 11.1%

Commercial

Last Month Last Quarter Last Year
July 2013 July 2012 Increase May 2013 - July 2013 May 2012 - July 2012 Increase August 2012 - July 2013 August 2011 - July 2012 Increase
Lots Offered 826 888 -7.0% 2,088 2,071 0.8% 6,413 6,541 -2.0%
Lots Sold 598 627 -4.6% 1,571 1,447 8.6% 4,812 4,736 1.6%
Percent Sold 72.4% 70.6% 2.5% 75.2% 69.9% 7.6% 75% 72.4% 3.6%
Total Raised £142,159,099 £134,947,049 5.3% £355,662,199 £322,724,380 10.2% £1,045,822,436 £1,027,351,449 1.8%


Regional Auction Analysis

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

East Anglia

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 283 271 4.4%
Lots Sold 217 184 17.9%
Percent Sold 76.7% 67.9% 13.0%
Total Raised £32,380,800 £25,279,000 28.1%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 209 204 2.5%
Lots Sold 166 138 20.3%
Percent Sold 79.4% 67.6% 17.5%
Total Raised £20,305,300 £14,348,000 41.5%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 74 67 10.4%
Lots Sold 51 46 10.9%
Percent Sold 68.9% 68.7% 0.3%
Total Raised £12,075,500 £10,931,000 10.5%


East Midlands

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 851 840 1.3%
Lots Sold 628 626 0.3%
Percent Sold 73.8% 74.5% -0.9%
Total Raised £72,535,950 £64,002,301 13.3%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 694 675 2.8%
Lots Sold 516 522 -1.1%
Percent Sold 74.4% 77.3% -3.8%
Total Raised £51,014,950 £45,422,551 12.3%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 157 165 -4.8%
Lots Sold 112 104 7.7%
Percent Sold 71.3% 63% 13.2%
Total Raised £21,521,000 £18,579,750 15.8%


London

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 940 936 0.4%
Lots Sold 804 757 6.2%
Percent Sold 85.5% 80.9% 5.7%
Total Raised £289,860,500 £244,364,876 18.6%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 819 801 2.2%
Lots Sold 699 642 8.9%
Percent Sold 85.3% 80.1% 6.5%
Total Raised £237,306,750 £183,970,380 29.0%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 121 135 -10.4%
Lots Sold 105 115 -8.7%
Percent Sold 86.8% 85.2% 1.9%
Total Raised £52,553,750 £60,394,496 -13.0%


North-East

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 977 892 9.5%
Lots Sold 721 605 19.2%
Percent Sold 73.8% 67.8% 8.8%
Total Raised £57,647,309 £48,847,560 18.0%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 879 825 6.5%
Lots Sold 644 565 14.0%
Percent Sold 73.3% 68.5% 7.0%
Total Raised £46,071,060 £44,146,310 4.4%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 98 67 46.3%
Lots Sold 77 40 92.5%
Percent Sold 78.6% 59.7% 31.7%
Total Raised £11,576,249 £4,701,250 146.2%


North-West

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 1,668 1,654 0.8%
Lots Sold 1,266 1,099 15.2%
Percent Sold 75.9% 66.4% 14.3%
Total Raised £120,523,040 £98,679,961 22.1%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 1,297 1,274 1.8%
Lots Sold 990 863 14.7%
Percent Sold 76.3% 67.7% 12.7%
Total Raised £77,990,705 £65,101,606 19.8%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 371 380 -2.4%
Lots Sold 276 236 16.9%
Percent Sold 74.4% 62.1% 19.8%
Total Raised £42,532,335 £33,578,355 26.7%


North-West Home Counties

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 385 429 -10.3%
Lots Sold 297 323 -8.0%
Percent Sold 77.1% 75.3% 2.4%
Total Raised £84,063,550 £87,756,306 -4.2%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 285 327 -12.8%
Lots Sold 217 249 -12.9%
Percent Sold 76.1% 76.1% 0.0%
Total Raised £45,889,200 £50,544,056 -9.2%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 100 102 -2.0%
Lots Sold 80 74 8.1%
Percent Sold 80% 72.5% 10.3%
Total Raised £38,174,350 £37,212,250 2.6%


Northern Ireland

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 175 203 -13.8%
Lots Sold 124 101 22.8%
Percent Sold 70.9% 49.8% 42.4%
Total Raised £7,169,000 £5,716,100 25.4%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 156 186 -16.1%
Lots Sold 108 92 17.4%
Percent Sold 69.2% 49.5% 39.8%
Total Raised £5,765,500 £5,254,100 9.7%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 19 17 11.8%
Lots Sold 16 9 77.8%
Percent Sold 84.2% 52.9% 59.2%
Total Raised £1,403,500 £462,000 203.8%


Scotland

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 244 419 -41.8%
Lots Sold 116 202 -42.6%
Percent Sold 47.5% 48.2% -1.5%
Total Raised £9,626,096 £13,841,700 -30.5%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 186 342 -45.6%
Lots Sold 82 170 -51.8%
Percent Sold 44.1% 49.7% -11.3%
Total Raised £4,647,340 £8,125,451 -42.8%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 58 77 -24.7%
Lots Sold 34 32 6.3%
Percent Sold 58.6% 41.6% 40.9%
Total Raised £4,978,756 £5,716,249 -12.9%


South-East Home Counties

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 1,117 1,095 2.0%
Lots Sold 884 823 7.4%
Percent Sold 79.1% 75.2% 5.2%
Total Raised £177,689,550 £152,294,484 16.7%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 845 800 5.6%
Lots Sold 668 605 10.4%
Percent Sold 79.1% 75.6% 4.6%
Total Raised £109,887,401 £95,655,434 14.9%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 272 295 -7.8%
Lots Sold 216 218 -0.9%
Percent Sold 79.4% 73.9% 7.4%
Total Raised £67,802,149 £56,639,050 19.7%


South-West

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 727 768 -5.3%
Lots Sold 546 564 -3.2%
Percent Sold 75.1% 73.4% 2.3%
Total Raised £91,889,450 £74,979,500 22.6%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 519 521 -0.4%
Lots Sold 377 358 5.3%
Percent Sold 72.6% 68.7% 5.7%
Total Raised £56,796,450 £45,740,850 24.2%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 208 247 -15.8%
Lots Sold 169 206 -18.0%
Percent Sold 81.3% 83.4% -2.5%
Total Raised £35,093,000 £29,238,650 20.0%


Wales

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 688 640 7.5%
Lots Sold 526 466 12.9%
Percent Sold 76.5% 72.8% 5.1%
Total Raised £47,717,610 £41,421,525 15.2%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 497 467 6.4%
Lots Sold 394 336 17.3%
Percent Sold 79.3% 71.9% 10.3%
Total Raised £32,822,350 £23,335,375 40.7%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 191 173 10.4%
Lots Sold 132 130 1.5%
Percent Sold 69.1% 75.1% -8.0%
Total Raised £14,895,260 £18,086,150 -17.6%


West Midlands

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 1,064 938 13.4%
Lots Sold 814 695 17.1%
Percent Sold 76.5% 74.1% 3.2%
Total Raised £96,525,603 £71,025,334 35.9%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 838 756 10.8%
Lots Sold 654 567 15.3%
Percent Sold 78% 75% 4.0%
Total Raised £67,015,003 £50,433,004 32.9%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 226 182 24.2%
Lots Sold 160 128 25.0%
Percent Sold 70.8% 70.3% 0.7%
Total Raised £29,510,600 £20,592,330 43.3%


Yorkshire and The Humber

Total
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 1,083 993 9.1%
Lots Sold 757 681 11.2%
Percent Sold 69.9% 68.6% 1.9%
Total Raised £73,727,435 £70,854,237 4.1%


Residential
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 890 829 7.4%
Lots Sold 614 572 7.3%
Percent Sold 69% 69% 0.0%
Total Raised £50,181,685 £44,261,387 13.4%


Commercial
May 2013 - July 2013 May 2012 - July 2012 Increase
Lots Offered 193 164 17.7%
Lots Sold 143 109 31.2%
Percent Sold 74.1% 66.5% 11.4%
Total Raised £23,545,750 £26,592,850 -11.5%


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.