Essential Auction News
|
Welcome to the October newsletter that looks back at auction activity in September and preceding periods. The overall volume of lots offered at auction in September fell by 8%, to 3,741 lots, primarily due to the 10% contraction of lots offered in the residential sector. However the market still retained a healthy sale rate of 75.8%, whilst the total value of lots sold continued its recent upward curve by gaining 5% on September 2012 at £355.8M.
Interestingly the rolling yearly figures show a small increase in lots offered (0.8%) yet the total raised has gone up by 7.8% which highlights an increase in property values or intrinsically more higher-value lots coming to auction. As ever I would welcome any comments or feedback you have regarding the newsletter or the wider market. Kind regards David Sandeman Managing Director davids@eigroup.co.uk 01737 232 289 |
National Auction Analysis
|
The 10% fall in residential lots offered is a slight surprise, given that our last three auction newsletters have reported on monthly increases of between 8% and 13% in the sector. Lots sold also fell, albeit by a smaller margin (8%), yet despite this recent downturn the quarterly and yearly figures remain largely positive with gains made in 7 out of the 8 metrics measured.
The commercial market enjoyed another successful month, with double digit rises in lots sold, per cent sold and amounts raised (up 22%, 16% and 13% respectively). Both sectors are now regularly achieving sale rates in the mid-seventies which illustrates that auctions continue to offer a viable and effective means of buying and selling property. |
Total
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| September 2013 | September 2012 | Increase | July 2013 - September 2013 | July 2012 - September 2012 | Increase | October 2012 - September 2013 | October 2011 - September 2012 | Increase | |
| Lots Offered | 3,741 | 4,074 | -8.2% | 8,637 | 8,715 | -0.9% | 33,897 | 33,634 | 0.8% |
| Lots Sold | 2,837 | 2,955 | -4.0% | 6,512 | 6,274 | 3.8% | 25,883 | 24,894 | 4.0% |
| Percent Sold | 75.8% | 72.5% | 4.6% | 75.4% | 72% | 4.7% | 76.4% | 74% | 3.2% |
| Total Raised | £355,776,898 | £338,361,814 | 5.1% | £894,885,697 | £797,328,115 | 12.2% | £3,642,663,262 | £3,377,764,586 | 7.8% |
Residential
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| September 2013 | September 2012 | Increase | July 2013 - September 2013 | July 2012 - September 2012 | Increase | October 2012 - September 2013 | October 2011 - September 2012 | Increase | |
| Lots Offered | 3,143 | 3,506 | -10.4% | 7,129 | 7,168 | -0.5% | 27,405 | 27,250 | 0.6% |
| Lots Sold | 2,377 | 2,578 | -7.8% | 5,376 | 5,183 | 3.7% | 20,953 | 20,252 | 3.5% |
| Percent Sold | 75.6% | 73.5% | 2.9% | 75.4% | 72.3% | 4.3% | 76.5% | 74.3% | 3.0% |
| Total Raised | £306,812,828 | £294,926,382 | 4.0% | £695,009,428 | £587,667,023 | 18.3% | £2,580,064,049 | £2,345,775,229 | 10.0% |
Commercial
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| September 2013 | September 2012 | Increase | July 2013 - September 2013 | July 2012 - September 2012 | Increase | October 2012 - September 2013 | October 2011 - September 2012 | Increase | |
| Lots Offered | 598 | 568 | 5.3% | 1,508 | 1,547 | -2.5% | 6,492 | 6,384 | 1.7% |
| Lots Sold | 460 | 377 | 22.0% | 1,136 | 1,091 | 4.1% | 4,930 | 4,642 | 6.2% |
| Percent Sold | 76.9% | 66.4% | 15.8% | 75.3% | 70.5% | 6.8% | 75.9% | 72.7% | 4.4% |
| Total Raised | £48,964,070 | £43,435,432 | 12.7% | £199,876,269 | £209,661,092 | -4.7% | £1,062,599,213 | £1,031,989,357 | 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 | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 260 | 256 | 1.6% |
| Lots Sold | 205 | 195 | 5.1% |
| Percent Sold | 78.8% | 76.2% | 3.4% |
| Total Raised | £27,769,450 | £22,482,000 | 23.5% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 191 | 199 | -4.0% |
| Lots Sold | 149 | 155 | -3.9% |
| Percent Sold | 78% | 77.9% | 0.1% |
| Total Raised | £18,147,550 | £15,683,500 | 15.7% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 69 | 57 | 21.1% |
| Lots Sold | 56 | 40 | 40.0% |
| Percent Sold | 81.2% | 70.2% | 15.7% |
| Total Raised | £9,621,900 | £6,798,500 | 41.5% |
East Midlands
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 714 | 749 | -4.7% |
| Lots Sold | 536 | 549 | -2.4% |
| Percent Sold | 75.1% | 73.3% | 2.5% |
| Total Raised | £56,734,900 | £54,276,799 | 4.5% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 592 | 625 | -5.3% |
| Lots Sold | 447 | 479 | -6.7% |
| Percent Sold | 75.5% | 76.6% | -1.4% |
| Total Raised | £42,642,600 | £43,587,299 | -2.2% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 122 | 124 | -1.6% |
| Lots Sold | 89 | 70 | 27.1% |
| Percent Sold | 73% | 56.5% | 29.2% |
| Total Raised | £14,092,300 | £10,689,500 | 31.8% |
London
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 686 | 640 | 7.2% |
| Lots Sold | 584 | 509 | 14.7% |
| Percent Sold | 85.1% | 79.5% | 7.0% |
| Total Raised | £211,412,225 | £159,605,916 | 32.5% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 620 | 552 | 12.3% |
| Lots Sold | 528 | 439 | 20.3% |
| Percent Sold | 85.2% | 79.5% | 7.2% |
| Total Raised | £183,550,475 | £131,827,416 | 39.2% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 66 | 88 | -25.0% |
| Lots Sold | 56 | 70 | -20.0% |
| Percent Sold | 84.8% | 79.5% | 6.7% |
| Total Raised | £27,861,750 | £27,778,500 | 0.3% |
North-East
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 875 | 855 | 2.3% |
| Lots Sold | 641 | 581 | 10.3% |
| Percent Sold | 73.3% | 68% | 7.8% |
| Total Raised | £53,889,569 | £46,815,029 | 15.1% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 811 | 792 | 2.4% |
| Lots Sold | 594 | 540 | 10.0% |
| Percent Sold | 73.2% | 68.2% | 7.3% |
| Total Raised | £48,215,070 | £42,491,779 | 13.5% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 64 | 63 | 1.6% |
| Lots Sold | 47 | 41 | 14.6% |
| Percent Sold | 73.4% | 65.1% | 12.7% |
| Total Raised | £5,674,499 | £4,323,250 | 31.3% |
North-West
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 1,356 | 1,461 | -7.2% |
| Lots Sold | 1,034 | 1,000 | 3.4% |
| Percent Sold | 76.3% | 68.4% | 11.5% |
| Total Raised | £90,296,485 | £82,988,224 | 8.8% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 1,086 | 1,168 | -7.0% |
| Lots Sold | 836 | 806 | 3.7% |
| Percent Sold | 77% | 69% | 11.6% |
| Total Raised | £66,749,755 | £56,775,542 | 17.6% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 270 | 293 | -7.8% |
| Lots Sold | 198 | 194 | 2.1% |
| Percent Sold | 73.3% | 66.2% | 10.7% |
| Total Raised | £23,546,730 | £26,212,682 | -10.2% |
North-West Home Counties
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 302 | 333 | -9.3% |
| Lots Sold | 248 | 266 | -6.8% |
| Percent Sold | 82.1% | 79.9% | 2.8% |
| Total Raised | £58,303,111 | £68,169,631 | -14.5% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 245 | 271 | -9.6% |
| Lots Sold | 200 | 215 | -7.0% |
| Percent Sold | 81.6% | 79.3% | 2.9% |
| Total Raised | £43,482,261 | £46,067,381 | -5.6% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 57 | 62 | -8.1% |
| Lots Sold | 48 | 51 | -5.9% |
| Percent Sold | 84.2% | 82.3% | 2.3% |
| Total Raised | £14,820,850 | £22,102,250 | -32.9% |
Northern Ireland
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 210 | 189 | 11.1% |
| Lots Sold | 136 | 107 | 27.1% |
| Percent Sold | 64.8% | 56.6% | 14.5% |
| Total Raised | £6,604,602 | £6,003,750 | 10.0% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 204 | 180 | 13.3% |
| Lots Sold | 135 | 105 | 28.6% |
| Percent Sold | 66.2% | 58.3% | 13.6% |
| Total Raised | £6,568,602 | £5,878,750 | 11.7% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 6 | 9 | -33.3% |
| Lots Sold | 1 | 2 | -50.0% |
| Percent Sold | 16.7% | 22.2% | -24.8% |
| Total Raised | £36,000 | £125,000 | -71.2% |
Scotland
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 301 | 274 | 9.9% |
| Lots Sold | 147 | 148 | -0.7% |
| Percent Sold | 48.8% | 54% | -9.6% |
| Total Raised | £8,622,326 | £9,583,099 | -10.0% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 250 | 247 | 1.2% |
| Lots Sold | 120 | 135 | -11.1% |
| Percent Sold | 48% | 54.7% | -12.2% |
| Total Raised | £5,157,826 | £6,508,600 | -20.8% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 51 | 27 | 88.9% |
| Lots Sold | 27 | 13 | 107.7% |
| Percent Sold | 52.9% | 48.1% | 10.0% |
| Total Raised | £3,464,500 | £3,074,499 | 12.7% |
South-East Home Counties
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 845 | 898 | -5.9% |
| Lots Sold | 659 | 674 | -2.2% |
| Percent Sold | 78% | 75.1% | 3.9% |
| Total Raised | £122,231,900 | £121,302,234 | 0.8% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 663 | 730 | -9.2% |
| Lots Sold | 518 | 549 | -5.6% |
| Percent Sold | 78.1% | 75.2% | 3.9% |
| Total Raised | £90,517,700 | £85,487,384 | 5.9% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 182 | 168 | 8.3% |
| Lots Sold | 141 | 125 | 12.8% |
| Percent Sold | 77.5% | 74.4% | 4.2% |
| Total Raised | £31,714,200 | £35,814,850 | -11.4% |
South-West
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 586 | 643 | -8.9% |
| Lots Sold | 470 | 482 | -2.5% |
| Percent Sold | 80.2% | 75% | 6.9% |
| Total Raised | £78,367,050 | £59,532,855 | 31.6% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 425 | 455 | -6.6% |
| Lots Sold | 333 | 329 | 1.2% |
| Percent Sold | 78.4% | 72.3% | 8.4% |
| Total Raised | £57,276,800 | £41,597,455 | 37.7% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 161 | 188 | -14.4% |
| Lots Sold | 137 | 153 | -10.5% |
| Percent Sold | 85.1% | 81.4% | 4.5% |
| Total Raised | £21,090,250 | £17,935,400 | 17.6% |
Wales
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 548 | 672 | -18.5% |
| Lots Sold | 431 | 499 | -13.6% |
| Percent Sold | 78.6% | 74.3% | 5.8% |
| Total Raised | £36,236,200 | £43,850,111 | -17.4% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 426 | 531 | -19.8% |
| Lots Sold | 337 | 407 | -17.2% |
| Percent Sold | 79.1% | 76.6% | 3.3% |
| Total Raised | £26,971,850 | £27,923,950 | -3.4% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 122 | 141 | -13.5% |
| Lots Sold | 94 | 92 | 2.2% |
| Percent Sold | 77% | 65.2% | 18.1% |
| Total Raised | £9,264,350 | £15,926,161 | -41.8% |
West Midlands
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 882 | 802 | 10.0% |
| Lots Sold | 667 | 602 | 10.8% |
| Percent Sold | 75.6% | 75.1% | 0.7% |
| Total Raised | £77,368,475 | £60,604,849 | 27.7% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 705 | 618 | 14.1% |
| Lots Sold | 537 | 463 | 16.0% |
| Percent Sold | 76.2% | 74.9% | 1.7% |
| Total Raised | £56,739,375 | £41,412,099 | 37.0% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 177 | 184 | -3.8% |
| Lots Sold | 130 | 139 | -6.5% |
| Percent Sold | 73.4% | 75.5% | -2.8% |
| Total Raised | £20,629,100 | £19,192,750 | 7.5% |
Yorkshire and The Humber
| Total | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 1,072 | 943 | 13.7% |
| Lots Sold | 754 | 662 | 13.9% |
| Percent Sold | 70.3% | 70.2% | 0.1% |
| Total Raised | £67,049,404 | £62,113,618 | 7.9% |
| Residential | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 911 | 800 | 13.9% |
| Lots Sold | 642 | 561 | 14.4% |
| Percent Sold | 70.5% | 70.1% | 0.6% |
| Total Raised | £48,989,564 | £42,425,868 | 15.5% |
| Commercial | |||
|---|---|---|---|
| July 2013 - September 2013 | July 2012 - September 2012 | Increase | |
| Lots Offered | 161 | 143 | 12.6% |
| Lots Sold | 112 | 101 | 10.9% |
| Percent Sold | 69.6% | 70.6% | -1.4% |
| Total Raised | £18,059,840 | £19,687,750 | -8.3% |
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. |