Auction Data for February 2013


Essential Auction News

David Sandeman, Managing Director 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.