Auction Data for January 2013


Essential Auction News

David Sandeman, Managing Director Welcome to the February newsletter that looks back at auction activity in January and preceding periods. Lots offered and sold were both slightly down on January 2012 (2% and 8% respectively), but the amount raised increased by 8% to £33.5m.

With January being a relatively quiet month in the auction calendar one cannot draw many conclusions from the monthly figures, instead it is perhaps more beneficial to look at the rolling quarterly and yearly figures for a more accurate analysis of the market. These actually show positive growth, with sizeable gains made in lots offered, lots sold and total raised - more on this below.

Finally we have just published our annual market review which offers in-depth analysis of the auction market over the last 6 years - read it here. As ever I would welcome any comments or feedback you have regarding the report or indeed the wider market in general.

Kind regards

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

National Auction Analysis

Residential lots sold were up 11% and 8% in the rolling quarter and year respectively, whilst total amounts raised also increased by 24% and 10% over the same periods. Demand for keenly priced lots coupled with increasingly cheaper and more readily available funding is bringing about a return of buyer confidence to the market, and this bodes well for 2013.

The commercial sector has been more subdued, as the rolling year figures show a slight contraction in the volumes of lots being offered and sold. However if one looks to the rolling quarterly and monthly figures then positive gains are evident in all but one of the metrics measured, and hopefully this trend continues as we move into the busier months of the year.

Total

Last Month Last Quarter Last Year
January 2013 January 2012 Increase November 2012 - January 2013 November 2011 - January 2012 Increase February 2012 - January 2013 February 2011 - January 2012 Increase
Lots Offered 509 518 -1.7% 6,402 6,031 6.2% 34,074 32,586 4.6%
Lots Sold 353 382 -7.6% 4,759 4,301 10.6% 25,558 24,202 5.6%
Percent Sold 69.4% 73.7% -5.8% 74.3% 71.3% 4.2% 75% 74.3% 0.9%
Total Raised £33,544,344 £31,092,524 7.9% £642,122,505 £549,092,211 16.9% £3,509,455,804 £3,336,706,453 5.2%

Residential

Last Month Last Quarter Last Year
January 2013 January 2012 Increase November 2012 - January 2013 November 2011 - January 2012 Increase February 2012 - January 2013 February 2011 - January 2012 Increase
Lots Offered 470 486 -3.3% 5,243 4,914 6.7% 27,837 26,051 6.9%
Lots Sold 326 359 -9.2% 3,909 3,526 10.9% 20,916 19,368 8.0%
Percent Sold 69.4% 73.9% -6.1% 74.6% 71.8% 3.9% 75.1% 74.3% 1.1%
Total Raised £29,896,844 £28,877,924 3.5% £471,200,412 £381,107,531 23.6% £2,481,182,671 £2,256,796,727 9.9%

Commercial

Last Month Last Quarter Last Year
January 2013 January 2012 Increase November 2012 - January 2013 November 2011 - January 2012 Increase February 2012 - January 2013 February 2011 - January 2012 Increase
Lots Offered 39 32 21.9% 1,159 1,117 3.8% 6,237 6,535 -4.6%
Lots Sold 27 23 17.4% 850 775 9.7% 4,642 4,834 -4.0%
Percent Sold 69.2% 71.9% -3.8% 73.3% 69.4% 5.6% 74.4% 74% 0.5%
Total Raised £3,647,500 £2,214,600 64.7% £170,922,093 £167,984,680 1.7% £1,028,273,133 £1,079,909,726 -4.8%


Regional Auction Analysis

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

East Anglia

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 229 210 9.0%
Lots Sold 180 164 9.8%
Percent Sold 78.6% 78.1% 0.6%
Total Raised £24,128,995 £21,268,000 13.5%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 187 162 15.4%
Lots Sold 146 127 15.0%
Percent Sold 78.1% 78.4% -0.4%
Total Raised £17,339,995 £13,972,500 24.1%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 42 48 -12.5%
Lots Sold 34 37 -8.1%
Percent Sold 81% 77.1% 5.1%
Total Raised £6,789,000 £7,295,500 -6.9%


East Midlands

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 483 437 10.5%
Lots Sold 354 331 6.9%
Percent Sold 73.3% 75.7% -3.2%
Total Raised £36,978,450 £31,538,053 17.3%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 404 344 17.4%
Lots Sold 298 270 10.4%
Percent Sold 73.8% 78.5% -6.0%
Total Raised £24,818,200 £21,607,003 14.9%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 79 93 -15.1%
Lots Sold 56 61 -8.2%
Percent Sold 70.9% 65.6% 8.1%
Total Raised £12,160,250 £9,931,050 22.4%


London

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 548 437 25.4%
Lots Sold 460 357 28.9%
Percent Sold 83.9% 81.7% 2.7%
Total Raised £156,122,085 £103,633,600 50.6%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 500 375 33.3%
Lots Sold 421 312 34.9%
Percent Sold 84.2% 83.2% 1.2%
Total Raised £141,510,085 £81,805,500 73.0%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 48 62 -22.6%
Lots Sold 39 45 -13.3%
Percent Sold 81.3% 72.6% 12.0%
Total Raised £14,612,000 £21,828,100 -33.1%


North-East

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 687 561 22.5%
Lots Sold 496 403 23.1%
Percent Sold 72.2% 71.8% 0.6%
Total Raised £36,518,199 £33,762,974 8.2%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 624 520 20.0%
Lots Sold 451 374 20.6%
Percent Sold 72.3% 71.9% 0.6%
Total Raised £31,574,449 £28,971,974 9.0%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 63 41 53.7%
Lots Sold 45 29 55.2%
Percent Sold 71.4% 70.7% 1.0%
Total Raised £4,943,750 £4,791,000 3.2%


Northern Ireland

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 222 123 80.5%
Lots Sold 156 63 147.6%
Percent Sold 70.3% 51.2% 37.3%
Total Raised £8,636,350 £4,500,000 91.9%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 199 104 91.3%
Lots Sold 139 54 157.4%
Percent Sold 69.8% 51.9% 34.5%
Total Raised £7,501,600 £3,672,500 104.3%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 23 19 21.1%
Lots Sold 17 9 88.9%
Percent Sold 73.9% 47.4% 55.9%
Total Raised £1,134,750 £827,500 37.1%


North-West

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 1,030 1,120 -8.0%
Lots Sold 740 772 -4.1%
Percent Sold 71.8% 68.9% 4.2%
Total Raised £60,374,402 £65,244,725 -7.5%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 826 876 -5.7%
Lots Sold 603 609 -1.0%
Percent Sold 73% 69.5% 5.0%
Total Raised £42,882,699 £40,377,104 6.2%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 204 244 -16.4%
Lots Sold 137 163 -16.0%
Percent Sold 67.2% 66.8% 0.6%
Total Raised £17,491,703 £24,867,621 -29.7%


North-West Home Counties

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 272 192 41.7%
Lots Sold 217 139 56.1%
Percent Sold 79.8% 72.4% 10.2%
Total Raised £60,358,340 £34,202,500 76.5%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 215 149 44.3%
Lots Sold 167 106 57.5%
Percent Sold 77.7% 71.1% 9.3%
Total Raised £33,063,640 £20,594,000 60.5%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 57 43 32.6%
Lots Sold 50 33 51.5%
Percent Sold 87.7% 76.7% 14.3%
Total Raised £27,294,700 £13,608,500 100.6%


Scotland

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 253 253 0.0%
Lots Sold 111 96 15.6%
Percent Sold 43.9% 37.9% 15.8%
Total Raised £9,255,000 £8,977,955 3.1%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 206 196 5.1%
Lots Sold 91 74 23.0%
Percent Sold 44.2% 37.8% 16.9%
Total Raised £5,296,550 £5,341,555 -0.8%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 47 57 -17.5%
Lots Sold 20 22 -9.1%
Percent Sold 42.6% 38.6% 10.4%
Total Raised £3,958,450 £3,636,400 8.9%


South-East Home Counties

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 688 588 17.0%
Lots Sold 533 447 19.2%
Percent Sold 77.5% 76% 2.0%
Total Raised £94,324,561 £92,384,689 2.1%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 525 466 12.7%
Lots Sold 412 357 15.4%
Percent Sold 78.5% 76.6% 2.5%
Total Raised £55,889,561 £54,699,189 2.2%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 163 122 33.6%
Lots Sold 121 90 34.4%
Percent Sold 74.2% 73.8% 0.5%
Total Raised £38,435,000 £37,685,500 2.0%


South-West

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 431 414 4.1%
Lots Sold 313 285 9.8%
Percent Sold 72.6% 68.8% 5.5%
Total Raised £44,487,450 £37,017,002 20.2%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 272 317 -14.2%
Lots Sold 193 211 -8.5%
Percent Sold 71% 66.6% 6.6%
Total Raised £27,967,500 £27,302,502 2.4%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 159 97 63.9%
Lots Sold 120 74 62.2%
Percent Sold 75.5% 76.3% -1.0%
Total Raised £16,519,950 £9,714,500 70.1%


Wales

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 378 358 5.6%
Lots Sold 281 253 11.1%
Percent Sold 74.3% 70.7% 5.1%
Total Raised £23,340,300 £22,319,783 4.6%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 287 282 1.8%
Lots Sold 210 200 5.0%
Percent Sold 73.2% 70.9% 3.2%
Total Raised £17,548,300 £15,553,949 12.8%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 91 76 19.7%
Lots Sold 71 53 34.0%
Percent Sold 78% 69.7% 11.9%
Total Raised £5,792,000 £6,765,834 -14.4%


West Midlands

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 529 630 -16.0%
Lots Sold 419 470 -10.9%
Percent Sold 79.2% 74.6% 6.2%
Total Raised £42,114,373 £48,902,750 -13.9%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 439 517 -15.1%
Lots Sold 348 387 -10.1%
Percent Sold 79.3% 74.9% 5.9%
Total Raised £28,986,633 £32,322,700 -10.3%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 90 113 -20.4%
Lots Sold 71 83 -14.5%
Percent Sold 78.9% 73.5% 7.3%
Total Raised £13,127,740 £16,580,050 -20.8%


Yorkshire and The Humber

Total
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 652 708 -7.9%
Lots Sold 499 521 -4.2%
Percent Sold 76.5% 73.6% 3.9%
Total Raised £45,484,000 £45,340,180 0.3%


Residential
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 559 606 -7.8%
Lots Sold 430 445 -3.4%
Percent Sold 76.9% 73.4% 4.8%
Total Raised £36,821,200 £34,887,055 5.5%


Commercial
November 2012 - January 2013 November 2011 - January 2012 Increase
Lots Offered 93 102 -8.8%
Lots Sold 69 76 -9.2%
Percent Sold 74.2% 74.5% -0.4%
Total Raised £8,662,800 £10,453,125 -17.1%


Your Comments

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