Essential Auction News
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Welcome to the newsletter for March which looks back at auction activity in February and preceding periods. I am pleased to report that the overall market figures are positive, with increases made in almost every parameter across both residential and commercial sectors.
A noticable highlight is that 3.083 lots sold last month marking a rise of over 8% on February 2012, and significantly this stands as the largest volume recorded in February since 2007. The amount raised also made considrable gains in both the monthly and rolling quarterly figures - up 8.6% and 11.2% respectively, and equally these are at levels not seen since the height of the property boom some 5 to 6 years ago. As ever I would welcome your comments or feedback regarding the newsletter or indeed the wider market in general. Kind regards David Sandeman Managing Director davids@eigroup.co.uk 01737 232 289 |
National Auction Analysis
In the residential sector, aside from the marginal falls in lots offered in both the month and rolling quarter the market continues to demonstrate positive growth, particularly in auction sales and receipts. The soaring sale rate of 79% indicates a confident and competitive marketplace, with an increasing demand for keenly priced lots from cash-ready buyers.
The commercial market also continues to gain strength, with increases made in all 8 of the metrics that are measured in the monthly and quarterly figures, 6 of which are double-digit rises. For February alone lots offered was up over 16%, lots sold up 23% and amount raised up 17% , and you have to look all the way back to February 2008 to find this level of commercial market activity. |
Total
Last Month | Last Quarter | Last Year | |||||||
---|---|---|---|---|---|---|---|---|---|
February 2013 | February 2012 | Increase | December 2012 - February 2013 | December 2011 - February 2012 | Increase | March 2012 - February 2013 | March 2011 - February 2012 | Increase | |
Lots Offered | 3,965 | 3,923 | 1.1% | 7,867 | 7,844 | 0.3% | 34,118 | 32,991 | 3.4% |
Lots Sold | 3,083 | 2,852 | 8.1% | 5,992 | 5,667 | 5.7% | 25,638 | 24,402 | 5.1% |
Percent Sold | 77.8% | 72.7% | 7.0% | 76.2% | 72.2% | 5.5% | 75.1% | 74% | 1.5% |
Total Raised | £445,242,576 | £409,897,643 | 8.6% | £867,698,883 | £780,033,998 | 11.2% | £3,501,060,834 | £3,343,556,853 | 4.7% |
Residential
Last Month | Last Quarter | Last Year | |||||||
---|---|---|---|---|---|---|---|---|---|
February 2013 | February 2012 | Increase | December 2012 - February 2013 | December 2011 - February 2012 | Increase | March 2012 - February 2013 | March 2011 - February 2012 | Increase | |
Lots Offered | 3,135 | 3,212 | -2.4% | 6,331 | 6,448 | -1.8% | 27,753 | 26,443 | 5.0% |
Lots Sold | 2,478 | 2,361 | 5.0% | 4,868 | 4,705 | 3.5% | 20,930 | 19,606 | 6.8% |
Percent Sold | 79% | 73.5% | 7.5% | 76.9% | 73% | 5.3% | 75.4% | 74.1% | 1.8% |
Total Raised | £309,221,500 | £293,820,404 | 5.2% | £592,289,664 | £553,258,540 | 7.1% | £2,479,134,674 | £2,289,558,674 | 8.3% |
Commercial
Last Month | Last Quarter | Last Year | |||||||
---|---|---|---|---|---|---|---|---|---|
February 2013 | February 2012 | Increase | December 2012 - February 2013 | December 2011 - February 2012 | Increase | March 2012 - February 2013 | March 2011 - February 2012 | Increase | |
Lots Offered | 830 | 711 | 16.7% | 1,536 | 1,396 | 10.0% | 6,365 | 6,548 | -2.8% |
Lots Sold | 605 | 491 | 23.2% | 1,124 | 962 | 16.8% | 4,708 | 4,796 | -1.8% |
Percent Sold | 72.9% | 69.1% | 5.5% | 73.2% | 68.9% | 6.2% | 74% | 73.2% | 1.1% |
Total Raised | £136,021,076 | £116,077,239 | 17.2% | £275,409,219 | £226,775,458 | 21.4% | £1,021,926,160 | £1,053,998,179 | -3.0% |
Regional Auction Analysis
As is usually the case, variations across all the measurable parameters can be seen across the regions. |
East Anglia
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 228 | 191 | 19.4% |
Lots Sold | 181 | 143 | 26.6% |
Percent Sold | 79.4% | 74.9% | 6.0% |
Total Raised | £28,438,745 | £16,717,500 | 70.1% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 189 | 145 | 30.3% |
Lots Sold | 148 | 111 | 33.3% |
Percent Sold | 78.3% | 76.6% | 2.2% |
Total Raised | £17,701,245 | £11,440,500 | 54.7% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 39 | 46 | -15.2% |
Lots Sold | 33 | 32 | 3.1% |
Percent Sold | 84.6% | 69.6% | 21.6% |
Total Raised | £10,737,500 | £5,277,000 | 103.5% |
East Midlands
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 628 | 546 | 15.0% |
Lots Sold | 483 | 414 | 16.7% |
Percent Sold | 76.9% | 75.8% | 1.5% |
Total Raised | £51,965,250 | £43,571,453 | 19.3% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 528 | 448 | 17.9% |
Lots Sold | 410 | 349 | 17.5% |
Percent Sold | 77.7% | 77.9% | -0.3% |
Total Raised | £35,398,000 | £28,978,153 | 22.2% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 100 | 98 | 2.0% |
Lots Sold | 73 | 65 | 12.3% |
Percent Sold | 73% | 66.3% | 10.1% |
Total Raised | £16,567,250 | £14,593,300 | 13.5% |
London
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 815 | 780 | 4.5% |
Lots Sold | 706 | 650 | 8.6% |
Percent Sold | 86.6% | 83.3% | 4.0% |
Total Raised | £238,359,008 | £203,794,750 | 17.0% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 722 | 677 | 6.6% |
Lots Sold | 632 | 572 | 10.5% |
Percent Sold | 87.5% | 84.5% | 3.6% |
Total Raised | £196,284,008 | £167,254,750 | 17.4% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 93 | 103 | -9.7% |
Lots Sold | 74 | 78 | -5.1% |
Percent Sold | 79.6% | 75.7% | 5.2% |
Total Raised | £42,075,000 | £36,540,000 | 15.1% |
North-East
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 922 | 755 | 22.1% |
Lots Sold | 683 | 566 | 20.7% |
Percent Sold | 74.1% | 75% | -1.2% |
Total Raised | £50,960,820 | £47,764,044 | 6.7% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 853 | 693 | 23.1% |
Lots Sold | 641 | 524 | 22.3% |
Percent Sold | 75.1% | 75.6% | -0.7% |
Total Raised | £45,095,320 | £40,516,194 | 11.3% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 69 | 62 | 11.3% |
Lots Sold | 42 | 42 | 0.0% |
Percent Sold | 60.9% | 67.7% | -10.0% |
Total Raised | £5,865,500 | £7,247,850 | -19.1% |
Northern Ireland
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 228 | 140 | 62.9% |
Lots Sold | 168 | 79 | 112.7% |
Percent Sold | 73.7% | 56.4% | 30.7% |
Total Raised | £7,559,150 | £4,880,000 | 54.9% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 222 | 120 | 85.0% |
Lots Sold | 165 | 68 | 142.6% |
Percent Sold | 74.3% | 56.7% | 31.0% |
Total Raised | £7,364,150 | £4,101,500 | 79.5% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 6 | 20 | -70.0% |
Lots Sold | 3 | 11 | -72.7% |
Percent Sold | 50% | 55% | -9.1% |
Total Raised | £195,000 | £778,500 | -75.0% |
North-West
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 1,424 | 1,751 | -18.7% |
Lots Sold | 1,051 | 1,208 | -13.0% |
Percent Sold | 73.8% | 69% | 7.0% |
Total Raised | £86,586,340 | £94,450,364 | -8.3% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 1,108 | 1,380 | -19.7% |
Lots Sold | 839 | 964 | -13.0% |
Percent Sold | 75.7% | 69.9% | 8.3% |
Total Raised | £56,527,267 | £62,661,554 | -9.8% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 316 | 371 | -14.8% |
Lots Sold | 212 | 244 | -13.1% |
Percent Sold | 67.1% | 65.8% | 2.0% |
Total Raised | £30,059,073 | £31,788,810 | -5.4% |
North-West Home Counties
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 304 | 293 | 3.8% |
Lots Sold | 245 | 248 | -1.2% |
Percent Sold | 80.6% | 84.6% | -4.7% |
Total Raised | £75,040,090 | £62,851,600 | 19.4% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 222 | 229 | -3.1% |
Lots Sold | 176 | 189 | -6.9% |
Percent Sold | 79.3% | 82.5% | -3.9% |
Total Raised | £34,903,390 | £37,093,600 | -5.9% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 82 | 64 | 28.1% |
Lots Sold | 69 | 59 | 16.9% |
Percent Sold | 84.1% | 92.2% | -8.8% |
Total Raised | £40,136,700 | £25,758,000 | 55.8% |
Scotland
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 240 | 253 | -5.1% |
Lots Sold | 111 | 94 | 18.1% |
Percent Sold | 46.3% | 37.2% | 24.5% |
Total Raised | £9,394,500 | £6,407,655 | 46.6% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 186 | 208 | -10.6% |
Lots Sold | 80 | 79 | 1.3% |
Percent Sold | 43% | 38% | 13.2% |
Total Raised | £3,989,650 | £5,185,155 | -23.1% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 54 | 45 | 20.0% |
Lots Sold | 31 | 15 | 106.7% |
Percent Sold | 57.4% | 33.3% | 72.4% |
Total Raised | £5,404,850 | £1,222,500 | 342.1% |
South-East Home Counties
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 877 | 860 | 2.0% |
Lots Sold | 707 | 664 | 6.5% |
Percent Sold | 80.6% | 77.2% | 4.4% |
Total Raised | £134,998,811 | £135,121,539 | -0.1% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 635 | 693 | -8.4% |
Lots Sold | 516 | 538 | -4.1% |
Percent Sold | 81.3% | 77.6% | 4.8% |
Total Raised | £73,625,311 | £81,475,639 | -9.6% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 242 | 167 | 44.9% |
Lots Sold | 191 | 126 | 51.6% |
Percent Sold | 78.9% | 75.4% | 4.6% |
Total Raised | £61,373,500 | £53,645,900 | 14.4% |
South-West
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 402 | 447 | -10.1% |
Lots Sold | 296 | 315 | -6.0% |
Percent Sold | 73.6% | 70.5% | 4.4% |
Total Raised | £43,720,756 | £45,498,790 | -3.9% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 286 | 349 | -18.1% |
Lots Sold | 205 | 240 | -14.6% |
Percent Sold | 71.7% | 68.8% | 4.2% |
Total Raised | £27,831,700 | £30,838,351 | -9.7% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 116 | 98 | 18.4% |
Lots Sold | 91 | 75 | 21.3% |
Percent Sold | 78.4% | 76.5% | 2.5% |
Total Raised | £15,889,056 | £14,660,439 | 8.4% |
Wales
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 412 | 376 | 9.6% |
Lots Sold | 302 | 277 | 9.0% |
Percent Sold | 73.3% | 73.7% | -0.5% |
Total Raised | £25,434,400 | £22,083,244 | 15.2% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 271 | 309 | -12.3% |
Lots Sold | 196 | 233 | -15.9% |
Percent Sold | 72.3% | 75.4% | -4.1% |
Total Raised | £15,579,300 | £14,613,160 | 6.6% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 141 | 67 | 110.4% |
Lots Sold | 106 | 44 | 140.9% |
Percent Sold | 75.2% | 65.7% | 14.5% |
Total Raised | £9,855,100 | £7,470,084 | 31.9% |
West Midlands
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 638 | 670 | -4.8% |
Lots Sold | 496 | 438 | 13.2% |
Percent Sold | 77.7% | 65.4% | 18.8% |
Total Raised | £59,535,573 | £43,751,050 | 36.1% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 498 | 548 | -9.1% |
Lots Sold | 392 | 365 | 7.4% |
Percent Sold | 78.7% | 66.6% | 18.2% |
Total Raised | £36,776,633 | £30,729,550 | 19.7% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 140 | 122 | 14.8% |
Lots Sold | 104 | 73 | 42.5% |
Percent Sold | 74.3% | 59.8% | 24.2% |
Total Raised | £22,758,940 | £13,021,500 | 74.8% |
Yorkshire and The Humber
Total | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 749 | 782 | -4.2% |
Lots Sold | 563 | 571 | -1.4% |
Percent Sold | 75.2% | 73% | 3.0% |
Total Raised | £55,705,440 | £53,142,009 | 4.8% |
Residential | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 611 | 649 | -5.9% |
Lots Sold | 468 | 473 | -1.1% |
Percent Sold | 76.6% | 72.9% | 5.1% |
Total Raised | £41,213,690 | £38,370,434 | 7.4% |
Commercial | |||
---|---|---|---|
December 2012 - February 2013 | December 2011 - February 2012 | Increase | |
Lots Offered | 138 | 133 | 3.8% |
Lots Sold | 95 | 98 | -3.1% |
Percent Sold | 68.8% | 73.7% | -6.6% |
Total Raised | £14,491,750 | £14,771,575 | -1.9% |
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. |