Auction Data for May 2013


Essential Auction News

David Sandeman, Managing Director Welcome to the June newsletter that looks back at auction activity in May and preceding periods. The leading story this month is that the total number of lots offered in May decreased by 10%, to 3,326 lots. We are hearing anecdotally from auctioneers that stock is becoming increasingly difficult to obtain for auction, but there is higher demand for well-priced stock as these results seemingly show. The sale rate climbed by almost 10%, to 76.3%, whilst the amount raised increased by 14% to £422.5M - the largest amount recorded in the month of May since 2007. A more in-depth analysis of these figures continues below.

As ever I would welcome any comments you have regarding the newsletter of the wider market in general.

Kind regards

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

National Auction Analysis

The residential auction market was largely accountable for the overall reduction in lots, as it recorded falls of 12.5% and 5% respectively in lots offered and lots sold for the month. However, it maintained a healthy sale rate of 76.1%, and the rolling yearly figures remained positiive with gains of between 1% and 5% made across the four metrics measured.

The commercial market enjoyed a positive month, with 11% more lots selling in May 2013 than in May 2012. Remarkably the amount raised for commercial property rose by over 43%, to £152.7M from £106.4M last year.

Total

Last Month Last Quarter Last Year
May 2013 May 2012 Increase March 2013 - May 2013 March 2012 - May 2012 Increase June 2012 - May 2013 June 2011 - May 2012 Increase
Lots Offered 3,326 3,715 -10.5% 8,549 9,020 -5.2% 33,528 33,565 -0.1%
Lots Sold 2,537 2,585 -1.9% 6,369 6,431 -1.0% 25,210 24,842 1.5%
Percent Sold 76.3% 69.6% 9.6% 74.5% 71.3% 4.5% 75.2% 74% 1.6%
Total Raised £422,450,870 £370,146,910 14.1% £916,504,718 £857,150,219 6.9% £3,467,372,863 £3,362,276,487 3.1%

Residential

Last Month Last Quarter Last Year
May 2013 May 2012 Increase March 2013 - May 2013 March 2012 - May 2012 Increase June 2012 - May 2013 June 2011 - May 2012 Increase
Lots Offered 2,574 2,943 -12.5% 6,955 7,333 -5.2% 27,256 26,999 1.0%
Lots Sold 1,959 2,063 -5.0% 5,195 5,271 -1.4% 20,559 20,097 2.3%
Percent Sold 76.1% 70.1% 8.6% 74.7% 71.9% 3.9% 75.4% 74.4% 1.3%
Total Raised £269,720,264 £263,785,575 2.2% £650,126,360 £628,629,679 3.4% £2,464,244,901 £2,355,619,042 4.6%

Commercial

Last Month Last Quarter Last Year
May 2013 May 2012 Increase March 2013 - May 2013 March 2012 - May 2012 Increase June 2012 - May 2013 June 2011 - May 2012 Increase
Lots Offered 752 772 -2.6% 1,594 1,687 -5.5% 6,272 6,566 -4.5%
Lots Sold 578 522 10.7% 1,174 1,160 1.2% 4,651 4,745 -2.0%
Percent Sold 76.9% 67.6% 13.8% 73.7% 68.8% 7.1% 74.2% 72.3% 2.6%
Total Raised £152,730,606 £106,361,335 43.6% £266,378,358 £228,520,540 16.6% £1,003,127,962 £1,006,657,445 -0.4%


Regional Auction Analysis

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

East Anglia

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 258 299 -13.7%
Lots Sold 203 214 -5.1%
Percent Sold 78.7% 71.6% 9.9%
Total Raised £29,339,000 £28,413,130 3.3%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 198 243 -18.5%
Lots Sold 159 172 -7.6%
Percent Sold 80.3% 70.8% 13.4%
Total Raised £20,535,500 £20,384,830 0.7%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 60 56 7.1%
Lots Sold 44 42 4.8%
Percent Sold 73.3% 75% -2.3%
Total Raised £8,803,500 £8,028,300 9.7%


East Midlands

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 680 751 -9.5%
Lots Sold 490 558 -12.2%
Percent Sold 72.1% 74.3% -3.0%
Total Raised £54,129,850 £52,001,350 4.1%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 549 603 -9.0%
Lots Sold 403 454 -11.2%
Percent Sold 73.4% 75.3% -2.5%
Total Raised £41,182,350 £38,343,100 7.4%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 131 148 -11.5%
Lots Sold 87 104 -16.3%
Percent Sold 66.4% 70.3% -5.5%
Total Raised £12,947,500 £13,658,250 -5.2%


London

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 735 782 -6.0%
Lots Sold 632 631 0.2%
Percent Sold 86% 80.7% 6.6%
Total Raised £217,659,469 £202,523,455 7.5%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 646 691 -6.5%
Lots Sold 555 561 -1.1%
Percent Sold 85.9% 81.2% 5.8%
Total Raised £177,140,969 £168,045,955 5.4%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 89 91 -2.2%
Lots Sold 77 70 10.0%
Percent Sold 86.5% 76.9% 12.5%
Total Raised £40,518,500 £34,477,500 17.5%


North-East

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 898 807 11.3%
Lots Sold 655 564 16.1%
Percent Sold 72.9% 69.9% 4.3%
Total Raised £52,862,830 £44,032,476 20.1%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 810 745 8.7%
Lots Sold 587 524 12.0%
Percent Sold 72.5% 70.3% 3.1%
Total Raised £43,374,880 £39,507,721 9.8%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 88 62 41.9%
Lots Sold 68 40 70.0%
Percent Sold 77.3% 64.5% 19.8%
Total Raised £9,487,950 £4,524,755 109.7%


North-West

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 1,216 1,564 -22.3%
Lots Sold 873 1,055 -17.3%
Percent Sold 71.8% 67.5% 6.4%
Total Raised £84,322,950 £87,838,444 -4.0%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 979 1,219 -19.7%
Lots Sold 700 840 -16.7%
Percent Sold 71.5% 68.9% 3.8%
Total Raised £52,925,850 £59,210,439 -10.6%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 237 345 -31.3%
Lots Sold 173 215 -19.5%
Percent Sold 73% 62.3% 17.2%
Total Raised £31,397,100 £28,628,005 9.7%


North-West Home Counties

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 310 369 -16.0%
Lots Sold 247 274 -9.9%
Percent Sold 79.7% 74.3% 7.3%
Total Raised £66,121,100 £71,310,500 -7.3%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 226 301 -24.9%
Lots Sold 182 225 -19.1%
Percent Sold 80.5% 74.8% 7.6%
Total Raised £39,680,600 £46,056,750 -13.8%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 84 68 23.5%
Lots Sold 65 49 32.7%
Percent Sold 77.4% 72.1% 7.4%
Total Raised £26,440,500 £25,253,750 4.7%


Northern Ireland

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 229 124 84.7%
Lots Sold 161 55 192.7%
Percent Sold 70.3% 44.4% 58.3%
Total Raised £8,266,150 £3,497,000 136.4%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 217 115 88.7%
Lots Sold 155 49 216.3%
Percent Sold 71.4% 42.6% 67.6%
Total Raised £7,642,650 £3,114,000 145.4%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 12 9 33.3%
Lots Sold 6 6 0.0%
Percent Sold 50% 66.7% -25.0%
Total Raised £623,500 £383,000 62.8%


Scotland

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 316 332 -4.8%
Lots Sold 168 154 9.1%
Percent Sold 53.2% 46.4% 14.7%
Total Raised £14,925,976 £13,375,476 11.6%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 273 276 -1.1%
Lots Sold 148 132 12.1%
Percent Sold 54.2% 47.8% 13.4%
Total Raised £10,571,520 £6,865,726 54.0%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 43 56 -23.2%
Lots Sold 20 22 -9.1%
Percent Sold 46.5% 39.3% 18.3%
Total Raised £4,354,456 £6,509,750 -33.1%


South-East Home Counties

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 956 850 12.5%
Lots Sold 745 642 16.0%
Percent Sold 77.9% 75.5% 3.2%
Total Raised £146,574,228 £121,226,450 20.9%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 760 660 15.2%
Lots Sold 595 509 16.9%
Percent Sold 78.3% 77.1% 1.6%
Total Raised £87,183,278 £81,429,700 7.1%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 196 190 3.2%
Lots Sold 150 133 12.8%
Percent Sold 76.5% 70% 9.3%
Total Raised £59,390,950 £39,796,750 49.2%


South-West

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 643 639 0.6%
Lots Sold 469 474 -1.1%
Percent Sold 72.9% 74.2% -1.8%
Total Raised £70,589,702 £65,168,100 8.3%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 471 443 6.3%
Lots Sold 334 318 5.0%
Percent Sold 70.9% 71.8% -1.3%
Total Raised £47,695,250 £41,143,100 15.9%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 172 196 -12.2%
Lots Sold 135 156 -13.5%
Percent Sold 78.5% 79.6% -1.4%
Total Raised £22,894,452 £24,025,000 -4.7%


Wales

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 611 621 -1.6%
Lots Sold 461 446 3.4%
Percent Sold 75.5% 71.8% 5.2%
Total Raised £49,203,700 £36,716,335 34.0%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 442 460 -3.9%
Lots Sold 335 327 2.4%
Percent Sold 75.8% 71.1% 6.6%
Total Raised £28,850,750 £24,686,985 16.9%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 169 161 5.0%
Lots Sold 126 119 5.9%
Percent Sold 74.6% 73.9% 0.9%
Total Raised £20,352,950 £12,029,350 69.2%


West Midlands

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 902 1,035 -12.9%
Lots Sold 698 779 -10.4%
Percent Sold 77.4% 75.3% 2.8%
Total Raised £73,868,203 £78,991,436 -6.5%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 728 857 -15.1%
Lots Sold 573 656 -12.7%
Percent Sold 78.7% 76.5% 2.9%
Total Raised £55,028,703 £60,425,256 -8.9%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 174 178 -2.2%
Lots Sold 125 123 1.6%
Percent Sold 71.8% 69.1% 3.9%
Total Raised £18,839,500 £18,566,180 1.5%


Yorkshire and The Humber

Total
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 795 847 -6.1%
Lots Sold 567 585 -3.1%
Percent Sold 71.3% 69.1% 3.2%
Total Raised £48,641,560 £52,056,067 -6.6%


Residential
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 656 720 -8.9%
Lots Sold 469 504 -6.9%
Percent Sold 71.5% 70% 2.1%
Total Raised £38,314,060 £39,416,117 -2.8%


Commercial
March 2013 - May 2013 March 2012 - May 2012 Increase
Lots Offered 139 127 9.4%
Lots Sold 98 81 21.0%
Percent Sold 70.5% 63.8% 10.5%
Total Raised £10,327,500 £12,639,950 -18.3%


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