Auction Data for April 2013


Essential Auction News

David Sandeman, Managing Director Welcome to the May newsletter that looks back at property auction activity in April and preceding periods. Overall results are positive, with increases of 9% in lots offered, 13% in lots sold and almost 21% in amounts raised for the month of April. However, as mentioned in last month's newsletter this can be largely attributed to a major London auction house bringing forward their Spring auction from March to April. Exclude this sale and the figures show very slight gains in the volume of lots offered and sold (1% and 2% respectively), whilst the total raised would have contracted marginally.

The medium-to-long term outlook remains optimistic, as demonstrated by the rolling quarterly and yearly statistics, with slight gains made in the majority of metrics.

As ever I would welcome any comments or feedback you have about the newsletter or the auction market in general.

Kind regards

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

National Auction Analysis

The commercial market was reasonably quiet in April, with only 373 lots going up for auction (down 4% on April 2012) and the amount raised also dropped off slightly to £25.7M. The quarterly statistics show that despite a slow month the market has still shown signs of growth in recent times, and with May being one of the busiet month's in the commercial auctioneers' calender it will be interesting to see how the market fares in next month's edition.

The residential sector continues to grow, with gains made in all but one of the measuable parameters. Notably, in the last 12 months the amount raised has climbed by over 5% to £2.48bn, whilst the sale rate remains stable in the mid-seventies.

Total

Last Month Last Quarter Last Year
April 2013 April 2012 Increase February 2013 - April 2013 February 2012 - April 2012 Increase May 2012 - April 2013 May 2011 - April 2012 Increase
Lots Offered 2,738 2,503 9.4% 9,178 9,244 -0.7% 34,021 33,298 2.2%
Lots Sold 1,968 1,738 13.2% 6,931 6,749 2.7% 25,464 24,755 2.9%
Percent Sold 71.9% 69.4% 3.6% 75.5% 73% 3.4% 74.8% 74.3% 0.7%
Total Raised £217,079,627 £179,543,870 20.9% £942,998,608 £911,385,194 3.5% £3,490,219,263 £3,398,338,009 2.7%

Residential

Last Month Last Quarter Last Year
April 2013 April 2012 Increase February 2013 - April 2013 February 2012 - April 2012 Increase May 2012 - April 2013 May 2011 - April 2012 Increase
Lots Offered 2,365 2,112 12.0% 7,506 7,618 -1.5% 27,696 26,771 3.5%
Lots Sold 1,708 1,479 15.5% 5,720 5,611 1.9% 20,795 19,983 4.1%
Percent Sold 72.2% 70% 3.1% 76.2% 73.7% 3.4% 75.1% 74.6% 0.7%
Total Raised £191,393,275 £149,468,770 28.0% £691,723,805 £666,304,901 3.8% £2,477,646,926 £2,348,070,809 5.5%

Commercial

Last Month Last Quarter Last Year
April 2013 April 2012 Increase February 2013 - April 2013 February 2012 - April 2012 Increase May 2012 - April 2013 May 2011 - April 2012 Increase
Lots Offered 373 391 -4.6% 1,672 1,626 2.8% 6,325 6,527 -3.1%
Lots Sold 260 259 0.4% 1,211 1,138 6.4% 4,669 4,772 -2.2%
Percent Sold 69.7% 66.2% 5.3% 72.4% 70% 3.4% 73.8% 73.1% 1.0%
Total Raised £25,686,352 £30,075,100 -14.6% £251,274,803 £245,080,293 2.5% £1,012,572,337 £1,050,267,200 -3.6%


Regional Auction Analysis

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

East Anglia

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 251 277 -9.4%
Lots Sold 196 203 -3.4%
Percent Sold 78.1% 73.3% 6.5%
Total Raised £29,385,250 £24,137,630 21.7%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 205 223 -8.1%
Lots Sold 160 164 -2.4%
Percent Sold 78% 73.5% 6.1%
Total Raised £19,523,750 £18,825,330 3.7%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 46 54 -14.8%
Lots Sold 36 39 -7.7%
Percent Sold 78.3% 72.2% 8.4%
Total Raised £9,861,500 £5,312,300 85.6%


East Midlands

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 694 636 9.1%
Lots Sold 528 471 12.1%
Percent Sold 76.1% 74.1% 2.7%
Total Raised £55,193,050 £46,610,450 18.4%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 575 511 12.5%
Lots Sold 439 382 14.9%
Percent Sold 76.3% 74.8% 2.0%
Total Raised £41,647,050 £32,099,700 29.7%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 119 125 -4.8%
Lots Sold 89 89 0.0%
Percent Sold 74.8% 71.2% 5.1%
Total Raised £13,546,000 £14,510,750 -6.6%


London

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 829 785 5.6%
Lots Sold 717 652 10.0%
Percent Sold 86.5% 83.1% 4.1%
Total Raised £244,116,143 £225,264,455 8.4%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 751 689 9.0%
Lots Sold 653 575 13.6%
Percent Sold 87% 83.5% 4.2%
Total Raised £200,341,143 £181,833,455 10.2%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 78 96 -18.8%
Lots Sold 64 77 -16.9%
Percent Sold 82.1% 80.2% 2.4%
Total Raised £43,775,000 £43,431,000 0.8%


North-East

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 909 774 17.4%
Lots Sold 671 572 17.3%
Percent Sold 73.8% 73.9% -0.1%
Total Raised £52,710,560 £45,553,246 15.7%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 832 709 17.3%
Lots Sold 620 528 17.4%
Percent Sold 74.5% 74.5% 0.0%
Total Raised £45,775,360 £39,755,991 15.1%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 77 65 18.5%
Lots Sold 51 44 15.9%
Percent Sold 66.2% 67.7% -2.2%
Total Raised £6,935,200 £5,797,255 19.6%


North-West

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 1,659 1,867 -11.1%
Lots Sold 1,241 1,331 -6.8%
Percent Sold 74.8% 71.3% 4.9%
Total Raised £104,217,712 £100,548,892 3.6%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 1,291 1,477 -12.6%
Lots Sold 978 1,066 -8.3%
Percent Sold 75.8% 72.2% 5.0%
Total Raised £68,189,867 £69,233,743 -1.5%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 368 390 -5.6%
Lots Sold 263 265 -0.8%
Percent Sold 71.5% 67.9% 5.3%
Total Raised £36,027,845 £31,315,149 15.0%


North-West Home Counties

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 310 360 -13.9%
Lots Sold 254 294 -13.6%
Percent Sold 81.9% 81.7% 0.2%
Total Raised £58,164,450 £73,930,850 -21.3%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 239 292 -18.2%
Lots Sold 196 238 -17.6%
Percent Sold 82% 81.5% 0.6%
Total Raised £39,621,250 £46,534,600 -14.9%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 71 68 4.4%
Lots Sold 58 56 3.6%
Percent Sold 81.7% 82.4% -0.8%
Total Raised £18,543,200 £27,396,250 -32.3%


Northern Ireland

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 283 182 55.5%
Lots Sold 201 79 154.4%
Percent Sold 71% 43.4% 63.6%
Total Raised £10,166,700 £4,911,000 107.0%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 272 167 62.9%
Lots Sold 196 71 176.1%
Percent Sold 72.1% 42.5% 69.6%
Total Raised £9,581,700 £4,497,000 113.1%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 11 15 -26.7%
Lots Sold 5 8 -37.5%
Percent Sold 45.5% 53.3% -14.6%
Total Raised £585,000 £414,000 41.3%


Scotland

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 342 303 12.9%
Lots Sold 180 125 44.0%
Percent Sold 52.6% 41.3% 27.4%
Total Raised £14,982,650 £11,624,375 28.9%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 276 243 13.6%
Lots Sold 144 102 41.2%
Percent Sold 52.2% 42% 24.3%
Total Raised £9,838,100 £5,494,375 79.1%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 66 60 10.0%
Lots Sold 36 23 56.5%
Percent Sold 54.5% 38.3% 42.3%
Total Raised £5,144,550 £6,130,000 -16.1%


South-East Home Counties

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 947 944 0.3%
Lots Sold 749 739 1.4%
Percent Sold 79.1% 78.3% 1.0%
Total Raised £139,974,885 £139,805,800 0.1%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 742 768 -3.4%
Lots Sold 597 612 -2.5%
Percent Sold 80.5% 79.7% 1.0%
Total Raised £87,078,135 £93,471,900 -6.8%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 205 176 16.5%
Lots Sold 152 127 19.7%
Percent Sold 74.1% 72.2% 2.6%
Total Raised £52,896,750 £46,333,900 14.2%


South-West

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 628 688 -8.7%
Lots Sold 458 487 -6.0%
Percent Sold 72.9% 70.8% 3.0%
Total Raised £62,318,958 £70,700,089 -11.9%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 473 519 -8.9%
Lots Sold 341 362 -5.8%
Percent Sold 72.1% 69.7% 3.4%
Total Raised £49,083,450 £48,673,400 0.8%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 155 169 -8.3%
Lots Sold 117 125 -6.4%
Percent Sold 75.5% 74% 2.0%
Total Raised £13,235,508 £22,026,689 -39.9%


Wales

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 554 572 -3.1%
Lots Sold 407 415 -1.9%
Percent Sold 73.5% 72.6% 1.2%
Total Raised £41,150,900 £33,088,010 24.4%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 400 448 -10.7%
Lots Sold 299 328 -8.8%
Percent Sold 74.8% 73.2% 2.2%
Total Raised £24,345,100 £23,336,910 4.3%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 154 124 24.2%
Lots Sold 108 87 24.1%
Percent Sold 70.1% 70.2% -0.1%
Total Raised £16,805,800 £9,751,100 72.3%


West Midlands

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 796 933 -14.7%
Lots Sold 602 710 -15.2%
Percent Sold 75.6% 76.1% -0.7%
Total Raised £66,123,000 £71,158,101 -7.1%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 629 786 -20.0%
Lots Sold 479 608 -21.2%
Percent Sold 76.2% 77.4% -1.6%
Total Raised £46,644,550 £55,055,501 -15.3%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 167 147 13.6%
Lots Sold 123 102 20.6%
Percent Sold 73.7% 69.4% 6.2%
Total Raised £19,478,450 £16,102,600 21.0%


Yorkshire and The Humber

Total
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 976 923 5.7%
Lots Sold 727 671 8.3%
Percent Sold 74.5% 72.7% 2.5%
Total Raised £64,494,350 £64,052,296 0.7%


Residential
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 821 786 4.5%
Lots Sold 618 575 7.5%
Percent Sold 75.3% 73.2% 2.9%
Total Raised £50,054,350 £47,492,996 5.4%


Commercial
February 2013 - April 2013 February 2012 - April 2012 Increase
Lots Offered 155 137 13.1%
Lots Sold 109 96 13.5%
Percent Sold 70.3% 70.1% 0.3%
Total Raised £14,440,000 £16,559,300 -12.8%


Your Comments

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