Auction Data for November 2013


Essential Auction News

David Sandeman, Managing Director Welcome to the December newsletter that looks back at auction activity in November and preceding periods. Overall lots offered and lots sold were both down 19% in November, whilst amounts raised fell by 27% to £157.7M. This can largely be attributred to a major London auction house holding their mid-Autumn sale in October this year as opposed to November last year, which also helps to explain the record-breaking figures we saw in last months newsletter.

May I take this opportunity to wish you all a relaxing holiday and a prosperous new year!

Kind regards

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

National Auction Analysis

Both sectors of the industry witnessed sizeable falls in sales during November when compared with 2012. Residential lots sold fell from 1,517 in November 2012 to just 1,250 in November 2013 (down 18%), with revenues falling from £185M to £128M (down 31%).

Sales of commercial property were down by 25%, which in real terms equates to 80 fewer lots being sold. Interestingly though the amounts raised only fell by 3.5%, which suggests an increase in higher value commercial lots coupled with the much-publicised rise in property prices.

The rolling quarterly figures show minor falls in lots offered across both sectors, however lots sold, per cent sold and amount raised all increased, with the rolling 'annual' figures displaying a very similar picture.

Total

Last Month Last Quarter Last Year
November 2013 November 2012 Increase September 2013 - November 2013 September 2012 - November 2012 Increase December 2012 - November 2013 December 2011 - November 2012 Increase
Lots Offered 2,042 2,513 -18.7% 9,783 9,957 -1.7% 33,993 34,098 -0.3%
Lots Sold 1,494 1,841 -18.8% 7,547 7,276 3.7% 26,346 25,308 4.1%
Percent Sold 73.2% 73.3% -0.1% 77.1% 73.1% 5.5% 77.5% 74.2% 4.4%
Total Raised £157,704,005 £216,021,649 -27.0% £1,030,615,258 £951,833,178 8.3% £3,745,607,262 £3,417,021,894 9.6%

Residential

Last Month Last Quarter Last Year
November 2013 November 2012 Increase September 2013 - November 2013 September 2012 - November 2012 Increase December 2012 - November 2013 December 2011 - November 2012 Increase
Lots Offered 1,697 2,056 -17.5% 7,939 8,096 -1.9% 27,598 27,880 -1.0%
Lots Sold 1,250 1,517 -17.6% 6,115 5,940 2.9% 21,411 20,758 3.1%
Percent Sold 73.7% 73.8% -0.1% 77% 73.4% 4.9% 77.6% 74.5% 4.2%
Total Raised £128,036,855 £185,272,749 -30.9% £747,244,978 £696,141,598 7.3% £2,643,024,904 £2,435,685,285 8.5%

Commercial

Last Month Last Quarter Last Year
November 2013 November 2012 Increase September 2013 - November 2013 September 2012 - November 2012 Increase December 2012 - November 2013 December 2011 - November 2012 Increase
Lots Offered 345 457 -24.5% 1,844 1,861 -0.9% 6,395 6,218 2.8%
Lots Sold 244 324 -24.7% 1,432 1,336 7.2% 4,935 4,550 8.5%
Percent Sold 70.7% 70.9% -0.3% 77.7% 71.8% 8.2% 77.2% 73.2% 5.5%
Total Raised £29,667,150 £30,748,900 -3.5% £283,370,280 £255,691,580 10.8% £1,102,582,358 £981,336,609 12.4%


Regional Auction Analysis

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

East Anglia

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 290 268 8.2%
Lots Sold 231 198 16.7%
Percent Sold 79.7% 73.9% 7.8%
Total Raised £30,152,200 £23,332,100 29.2%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 202 221 -8.6%
Lots Sold 152 163 -6.7%
Percent Sold 75.2% 73.8% 1.9%
Total Raised £19,167,600 £18,093,600 5.9%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 88 47 87.2%
Lots Sold 79 35 125.7%
Percent Sold 89.8% 74.5% 20.5%
Total Raised £10,984,600 £5,238,500 109.7%


East Midlands

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 783 789 -0.8%
Lots Sold 587 604 -2.8%
Percent Sold 75% 76.6% -2.1%
Total Raised £64,919,650 £70,211,403 -7.5%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 623 659 -5.5%
Lots Sold 464 513 -9.6%
Percent Sold 74.5% 77.8% -4.2%
Total Raised £47,859,400 £48,151,903 -0.6%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 160 130 23.1%
Lots Sold 123 91 35.2%
Percent Sold 76.9% 70% 9.9%
Total Raised £17,060,250 £22,059,500 -22.7%


London

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 701 736 -4.8%
Lots Sold 611 587 4.1%
Percent Sold 87.2% 79.8% 9.3%
Total Raised £208,448,250 £196,782,686 5.9%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 633 674 -6.1%
Lots Sold 556 542 2.6%
Percent Sold 87.8% 80.4% 9.2%
Total Raised £181,437,250 £176,544,186 2.8%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 68 62 9.7%
Lots Sold 55 45 22.2%
Percent Sold 80.9% 72.6% 11.4%
Total Raised £27,011,000 £20,238,500 33.5%


North-East

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 947 801 18.2%
Lots Sold 703 557 26.2%
Percent Sold 74.2% 69.5% 6.8%
Total Raised £58,288,269 £44,905,489 29.8%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 847 725 16.8%
Lots Sold 627 503 24.7%
Percent Sold 74% 69.4% 6.6%
Total Raised £46,099,519 £36,214,989 27.3%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 100 76 31.6%
Lots Sold 76 54 40.7%
Percent Sold 76% 71.1% 6.9%
Total Raised £12,188,750 £8,690,500 40.3%


North-West

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 1,510 1,669 -9.5%
Lots Sold 1,192 1,159 2.8%
Percent Sold 78.9% 69.4% 13.7%
Total Raised £109,469,501 £99,071,697 10.5%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 1,224 1,296 -5.6%
Lots Sold 973 908 7.2%
Percent Sold 79.5% 70.1% 13.4%
Total Raised £73,823,261 £65,834,529 12.1%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 286 373 -23.3%
Lots Sold 219 251 -12.7%
Percent Sold 76.6% 67.3% 13.8%
Total Raised £35,646,240 £33,237,168 7.2%


North-West Home Counties

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 348 396 -12.1%
Lots Sold 287 316 -9.2%
Percent Sold 82.5% 79.8% 3.4%
Total Raised £65,259,161 £77,489,875 -15.8%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 278 313 -11.2%
Lots Sold 230 242 -5.0%
Percent Sold 82.7% 77.3% 7.0%
Total Raised £43,591,111 £48,794,125 -10.7%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 70 83 -15.7%
Lots Sold 57 74 -23.0%
Percent Sold 81.4% 89.2% -8.7%
Total Raised £21,668,050 £28,695,750 -24.5%


Northern Ireland

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 304 289 5.2%
Lots Sold 207 168 23.2%
Percent Sold 68.1% 58.1% 17.2%
Total Raised £11,451,202 £10,350,700 10.6%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 263 266 -1.1%
Lots Sold 177 153 15.7%
Percent Sold 67.3% 57.5% 17.0%
Total Raised £8,924,202 £9,320,950 -4.3%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 41 23 78.3%
Lots Sold 30 15 100.0%
Percent Sold 73.2% 65.2% 12.3%
Total Raised £2,527,000 £1,029,750 145.4%


Scotland

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 392 317 23.7%
Lots Sold 222 178 24.7%
Percent Sold 56.6% 56.2% 0.7%
Total Raised £14,269,175 £13,861,450 2.9%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 303 252 20.2%
Lots Sold 166 138 20.3%
Percent Sold 54.8% 54.8% 0.0%
Total Raised £8,374,325 £7,907,250 5.9%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 89 65 36.9%
Lots Sold 56 40 40.0%
Percent Sold 62.9% 61.5% 2.3%
Total Raised £5,894,850 £5,954,200 -1.0%


South-East Home Counties

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 946 1,050 -9.9%
Lots Sold 772 773 -0.1%
Percent Sold 81.6% 73.6% 10.9%
Total Raised £159,549,745 £140,125,902 13.9%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 741 828 -10.5%
Lots Sold 608 611 -0.5%
Percent Sold 82.1% 73.8% 11.2%
Total Raised £101,780,295 £90,586,700 12.4%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 205 222 -7.7%
Lots Sold 164 162 1.2%
Percent Sold 80% 73% 9.6%
Total Raised £57,769,450 £49,539,202 16.6%


South-West

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 792 804 -1.5%
Lots Sold 609 601 1.3%
Percent Sold 76.9% 74.8% 2.8%
Total Raised £97,212,900 £80,751,065 20.4%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 562 526 6.8%
Lots Sold 419 390 7.4%
Percent Sold 74.6% 74.1% 0.7%
Total Raised £66,241,150 £54,078,855 22.5%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 230 278 -17.3%
Lots Sold 190 211 -10.0%
Percent Sold 82.6% 75.9% 8.8%
Total Raised £30,971,750 £26,672,210 16.1%


Wales

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 629 716 -12.2%
Lots Sold 487 551 -11.6%
Percent Sold 77.4% 77% 0.5%
Total Raised £41,446,950 £45,322,513 -8.6%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 495 582 -14.9%
Lots Sold 385 455 -15.4%
Percent Sold 77.8% 78.2% -0.5%
Total Raised £32,459,700 £34,323,513 -5.4%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 134 134 0.0%
Lots Sold 102 96 6.3%
Percent Sold 76.1% 71.6% 6.3%
Total Raised £8,987,250 £10,999,000 -18.3%


West Midlands

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 1,063 988 7.6%
Lots Sold 845 737 14.7%
Percent Sold 79.5% 74.6% 6.6%
Total Raised £98,941,875 £76,606,900 29.2%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 869 764 13.7%
Lots Sold 695 574 21.1%
Percent Sold 80% 75.1% 6.5%
Total Raised £66,949,875 £48,798,900 37.2%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 194 224 -13.4%
Lots Sold 150 163 -8.0%
Percent Sold 77.3% 72.8% 6.2%
Total Raised £31,992,000 £27,808,000 15.0%


Yorkshire and The Humber

Total
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 1,078 1,134 -4.9%
Lots Sold 794 847 -6.3%
Percent Sold 73.7% 74.7% -1.3%
Total Raised £71,206,380 £73,021,398 -2.5%


Residential
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 899 990 -9.2%
Lots Sold 663 748 -11.4%
Percent Sold 73.7% 75.6% -2.5%
Total Raised £50,537,290 £57,492,098 -12.1%


Commercial
September 2013 - November 2013 September 2012 - November 2012 Increase
Lots Offered 179 144 24.3%
Lots Sold 131 99 32.3%
Percent Sold 73.2% 68.8% 6.4%
Total Raised £20,669,090 £15,529,300 33.1%


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