Auction Data for December 2012


Essential Auction News

David Sandeman, Managing Director Welcome to the first newsletter of the year which reviews auction activity in December and the year as a whole. Overall results for the month were comparable to December 2011, with only marginal differences in the volume of lots being offered and sold. Interestingly the amount raised grew by over 12%, largely due to a particularly strong set of commercial results - more on this below.

The yearly figures show that the property auction market enjoyed another positive year, with gains of around 5% made in lots offered, sold and amount raised, and our historic data also shows these to be at their highest levels in 4 years. The growth was mainly due to gains made in the residential sector, whilst the commercial market contracted slightly.

I am in the process of compiling our annual auction market review, which includes a detailed look at activity over the last 5 years and considers the outlook for 2013. This will be sent out shortly so do look out for it.

Finally may I take this opportunity to wish you a happy and prosperous New Year!

Kind regards

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

National Auction Analysis

As mentioned above, the commercial market fared better than the residential market in December, with lots offered and sold up 4% and 8% respectively. Commercial auction receipts grew by almost 30%, as the gavel fell on an increasing number of high value lots.

The residential sector had a great year overall, with lots offered growing by nearly 7% to 27,831 and lots sold by over 8% to 20,915. Amount raised increased by nearly 10%, as over £2.47 BN worth of residential property sold at auction, and these encouraging figures should instil confidence and optimism to the market as we head into 2013.

Total

Last Month Last Quarter Last Year
December 2012 December 2011 Increase October 2012 - December 2012 October 2011 - December 2011 Increase January 2012 - December 2012 January 2011 - December 2011 Increase
Lots Offered 3,371 3,391 -0.6% 9,257 8,836 4.8% 34,065 32,612 4.5%
Lots Sold 2,469 2,448 0.9% 6,841 6,397 6.9% 25,539 24,125 5.9%
Percent Sold 73.2% 72.2% 1.4% 73.9% 72.4% 2.1% 75% 74% 1.4%
Total Raised £379,550,738 £337,401,671 12.5% £1,003,493,018 £911,164,126 10.1% £3,498,282,379 £3,332,764,984 5.0%

Residential

Last Month Last Quarter Last Year
December 2012 December 2011 Increase October 2012 - December 2012 October 2011 - December 2011 Increase January 2012 - December 2012 January 2011 - December 2011 Increase
Lots Offered 2,710 2,744 -1.2% 7,258 6,828 6.3% 27,831 26,077 6.7%
Lots Sold 1,990 1,996 -0.3% 5,360 4,959 8.1% 20,915 19,312 8.3%
Percent Sold 73.4% 72.7% 1.0% 73.8% 72.6% 1.7% 75.2% 74.1% 1.5%
Total Raised £245,393,095 £231,950,502 5.8% £643,424,627 £575,193,696 11.9% £2,474,354,246 £2,255,165,813 9.7%

Commercial

Last Month Last Quarter Last Year
December 2012 December 2011 Increase October 2012 - December 2012 October 2011 - December 2011 Increase January 2012 - December 2012 January 2011 - December 2011 Increase
Lots Offered 661 634 4.3% 1,999 1,987 0.6% 6,234 6,535 -4.6%
Lots Sold 479 444 7.9% 1,481 1,429 3.6% 4,626 4,813 -3.9%
Percent Sold 72.5% 70% 3.6% 74.1% 71.9% 3.1% 74.2% 73.6% 0.8%
Total Raised £134,157,643 £104,733,669 28.1% £360,068,391 £335,222,430 7.4% £1,024,063,133 £1,077,599,171 -5.0%


Regional Auction Analysis

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

East Anglia

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 291 281 3.6%
Lots Sold 225 217 3.7%
Percent Sold 77.3% 77.2% 0.1%
Total Raised £31,244,350 £30,509,000 2.4%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 239 210 13.8%
Lots Sold 183 165 10.9%
Percent Sold 76.6% 78.6% -2.5%
Total Raised £21,561,350 £19,792,500 8.9%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 52 71 -26.8%
Lots Sold 42 52 -19.2%
Percent Sold 80.8% 73.2% 10.4%
Total Raised £9,683,000 £10,716,500 -9.6%


East Midlands

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 731 689 6.1%
Lots Sold 553 526 5.1%
Percent Sold 75.6% 76.3% -0.9%
Total Raised £68,748,355 £59,654,263 15.2%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 594 506 17.4%
Lots Sold 452 396 14.1%
Percent Sold 76.1% 78.3% -2.8%
Total Raised £39,690,105 £33,426,463 18.7%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 137 183 -25.1%
Lots Sold 101 130 -22.3%
Percent Sold 73.7% 71% 3.8%
Total Raised £29,058,250 £26,227,800 10.8%


London

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 801 815 -1.7%
Lots Sold 668 669 -0.1%
Percent Sold 83.4% 82.1% 1.6%
Total Raised £229,823,145 £205,459,975 11.9%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 714 683 4.5%
Lots Sold 598 565 5.8%
Percent Sold 83.8% 82.7% 1.3%
Total Raised £195,819,645 £148,962,375 31.5%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 87 132 -34.1%
Lots Sold 70 104 -32.7%
Percent Sold 80.5% 78.8% 2.2%
Total Raised £34,003,500 £56,497,600 -39.8%


North-East

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 803 681 17.9%
Lots Sold 574 487 17.9%
Percent Sold 71.5% 71.5% 0.0%
Total Raised £46,138,438 £41,627,700 10.8%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 720 610 18.0%
Lots Sold 516 432 19.4%
Percent Sold 71.7% 70.8% 1.3%
Total Raised £35,746,688 £32,044,900 11.6%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 83 71 16.9%
Lots Sold 58 55 5.5%
Percent Sold 69.9% 77.5% -9.8%
Total Raised £10,391,750 £9,582,800 8.4%


Northern Ireland

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 285 145 96.6%
Lots Sold 186 68 173.5%
Percent Sold 65.3% 46.9% 39.2%
Total Raised £10,294,050 £4,377,000 135.2%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 267 124 115.3%
Lots Sold 172 59 191.5%
Percent Sold 64.4% 47.6% 35.3%
Total Raised £9,354,300 £3,629,000 157.8%


North-West

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 1,597 1,624 -1.7%
Lots Sold 1,134 1,153 -1.6%
Percent Sold 71% 71% 0.0%
Total Raised £102,317,468 £102,712,835 -0.4%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 1,222 1,222 0.0%
Lots Sold 878 884 -0.7%
Percent Sold 71.8% 72.3% -0.7%
Total Raised £62,882,929 £61,433,964 2.4%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 375 402 -6.7%
Lots Sold 256 269 -4.8%
Percent Sold 68.3% 66.9% 2.1%
Total Raised £39,434,539 £41,278,871 -4.5%


North-West Home Counties

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 390 378 3.2%
Lots Sold 311 286 8.7%
Percent Sold 79.7% 75.7% 5.3%
Total Raised £92,660,350 £72,586,145 27.7%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 277 283 -2.1%
Lots Sold 211 214 -1.4%
Percent Sold 76.2% 75.6% 0.8%
Total Raised £40,018,400 £38,285,145 4.5%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 113 95 18.9%
Lots Sold 100 72 38.9%
Percent Sold 88.5% 75.8% 16.8%
Total Raised £52,641,950 £34,301,000 53.5%


Scotland

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 316 271 16.6%
Lots Sold 145 106 36.8%
Percent Sold 45.9% 39.1% 17.4%
Total Raised £14,773,250 £11,967,955 23.4%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 241 197 22.3%
Lots Sold 103 73 41.1%
Percent Sold 42.7% 37.1% 15.1%
Total Raised £5,824,050 £5,258,055 10.8%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 75 74 1.4%
Lots Sold 42 33 27.3%
Percent Sold 56% 44.6% 25.6%
Total Raised £8,949,200 £6,709,900 33.4%


South-East Home Counties

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 1,051 1,004 4.7%
Lots Sold 796 776 2.6%
Percent Sold 75.7% 77.3% -2.1%
Total Raised £155,783,652 £154,611,888 0.8%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 749 758 -1.2%
Lots Sold 567 584 -2.9%
Percent Sold 75.7% 77% -1.7%
Total Raised £76,285,450 £87,487,438 -12.8%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 302 246 22.8%
Lots Sold 229 192 19.3%
Percent Sold 75.8% 78% -2.8%
Total Raised £79,498,202 £67,124,450 18.4%


South-West

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 661 684 -3.4%
Lots Sold 486 474 2.5%
Percent Sold 73.5% 69.3% 6.1%
Total Raised £71,741,610 £62,378,052 15.0%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 401 478 -16.1%
Lots Sold 285 318 -10.4%
Percent Sold 71.1% 66.5% 6.9%
Total Raised £39,927,900 £40,134,552 -0.5%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 260 206 26.2%
Lots Sold 201 156 28.8%
Percent Sold 77.3% 75.7% 2.1%
Total Raised £31,813,710 £22,243,500 43.0%


Wales

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 562 531 5.8%
Lots Sold 417 367 13.6%
Percent Sold 74.2% 69.1% 7.4%
Total Raised £36,045,710 £30,372,783 18.7%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 408 406 0.5%
Lots Sold 300 279 7.5%
Percent Sold 73.5% 68.7% 7.0%
Total Raised £22,793,710 £19,931,049 14.4%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 154 125 23.2%
Lots Sold 117 88 33.0%
Percent Sold 76% 70.4% 8.0%
Total Raised £13,252,000 £10,441,734 26.9%


West Midlands

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 864 907 -4.7%
Lots Sold 676 676 0.0%
Percent Sold 78.2% 74.5% 5.0%
Total Raised £78,493,790 £79,214,350 -0.9%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 672 682 -1.5%
Lots Sold 531 506 4.9%
Percent Sold 79% 74.2% 6.5%
Total Raised £45,213,550 £47,163,850 -4.1%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 192 225 -14.7%
Lots Sold 145 170 -14.7%
Percent Sold 75.5% 75.6% -0.1%
Total Raised £33,280,240 £32,050,500 3.8%


Yorkshire and The Humber

Total
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 905 826 9.6%
Lots Sold 670 592 13.2%
Percent Sold 74% 71.7% 3.2%
Total Raised £65,428,850 £55,692,180 17.5%


Residential
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 754 669 12.7%
Lots Sold 564 484 16.5%
Percent Sold 74.8% 72.3% 3.5%
Total Raised £48,306,550 £37,644,405 28.3%


Commercial
October 2012 - December 2012 October 2011 - December 2011 Increase
Lots Offered 151 157 -3.8%
Lots Sold 106 108 -1.9%
Percent Sold 70.2% 68.8% 2.0%
Total Raised £17,122,300 £18,047,775 -5.1%


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