Auction Data for September 2013

Essential Auction News

David Sandeman, Managing Director 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

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