Auction Data for August 2013


Essential Auction News

David Sandeman, Managing Director Welcome to the September newsletter that looks back at property auction activity in August and preceding periods. Only 53 auctions took place in August, yet lots offered and sold were both up on 2012 by 10% and 17% respectively whilst total raised jumped 36% to £65.7M.

With August being a relatively quiet month in the auction calendar, the rolling quarterly and yearly figures perhaps provide a more accurate account of the industry's health and buoyancy. Encouragingly, these show considerable increases in auction sales and receipts. Notably, 815 more lots were sold in the last 3 months compared with the same period in 2012 (a 16% increase), whilst over 1,100 more were sold in the last 12 months (a 4% increase). More on this below.

I do hope that you all enjoyed the summer break are looking forward to a productive and prosperous end to the year.

Kind regards

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

National Auction Analysis

The residential market saw another positive month with double-digit increases in lots offered, sold and amounts raised (13%, 18% and 34%), and remarkably similar-sized double-digit increases are also evident in the quarterly figures. The value of residential property is also on the rise, as auction receipts have grown by over £250 million in the last 12 months - a rise of over 10%.

The commercial market has also seen an upturn in auction sales, with increases of 5%, 6% and 3% for the month, rolling quarter and rolling year respectively. The last few month's have shown gradual improvements in the sale rate for commercial property, which now pushes close to 75% and is comparable to the long term average.

Total

Last Month Last Quarter Last Year
August 2013 August 2012 Increase June 2013 - August 2013 June 2012 - August 2012 Increase September 2012 - August 2013 September 2011 - August 2012 Increase
Lots Offered 956 866 10.4% 7,832 7,145 9.6% 34,211 33,841 1.1%
Lots Sold 694 592 17.2% 5,820 5,005 16.3% 26,121 25,014 4.4%
Percent Sold 72.6% 68.4% 6.1% 74.3% 70% 6.1% 76.4% 73.9% 3.4%
Total Raised £65,705,234 £48,324,372 36.0% £783,443,333 £648,905,295 20.7% £3,643,239,031 £3,397,119,588 7.2%

Residential

Last Month Last Quarter Last Year
August 2013 August 2012 Increase June 2013 - August 2013 June 2012 - August 2012 Increase September 2012 - August 2013 September 2011 - August 2012 Increase
Lots Offered 874 776 12.6% 6,412 5,812 10.3% 27,796 27,306 1.8%
Lots Sold 633 534 18.5% 4,777 4,076 17.2% 21,290 20,265 5.1%
Percent Sold 72.4% 68.8% 5.2% 74.5% 70.1% 6.3% 76.6% 74.2% 3.2%
Total Raised £59,264,634 £44,081,761 34.4% £593,701,639 £455,301,340 30.4% £2,592,526,606 £2,342,835,278 10.7%

Commercial

Last Month Last Quarter Last Year
August 2013 August 2012 Increase June 2013 - August 2013 June 2012 - August 2012 Increase September 2012 - August 2013 September 2011 - August 2012 Increase
Lots Offered 82 90 -8.9% 1,420 1,333 6.5% 6,415 6,535 -1.8%
Lots Sold 61 58 5.2% 1,043 929 12.3% 4,831 4,749 1.7%
Percent Sold 74.4% 64.4% 15.5% 73.5% 69.7% 5.5% 75.3% 72.7% 3.6%
Total Raised £6,440,600 £4,242,611 51.8% £189,741,694 £193,603,955 -2.0% £1,050,712,425 £1,054,284,310 -0.3%


Regional Auction Analysis

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

East Anglia

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 229 239 -4.2%
Lots Sold 176 163 8.0%
Percent Sold 76.9% 68.2% 12.8%
Total Raised £24,971,550 £19,170,500 30.3%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 173 187 -7.5%
Lots Sold 135 126 7.1%
Percent Sold 78% 67.4% 15.7%
Total Raised £15,737,550 £12,333,500 27.6%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 56 52 7.7%
Lots Sold 41 37 10.8%
Percent Sold 73.2% 71.2% 2.8%
Total Raised £9,234,000 £6,837,000 35.1%


East Midlands

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 638 525 21.5%
Lots Sold 484 392 23.5%
Percent Sold 75.9% 74.7% 1.6%
Total Raised £52,191,400 £38,001,501 37.3%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 531 433 22.6%
Lots Sold 407 334 21.9%
Percent Sold 76.6% 77.1% -0.6%
Total Raised £39,139,400 £27,844,501 40.6%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 107 92 16.3%
Lots Sold 77 58 32.8%
Percent Sold 72% 63% 14.3%
Total Raised £13,052,000 £10,157,000 28.5%


London

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 587 518 13.3%
Lots Sold 496 411 20.7%
Percent Sold 84.5% 79.3% 6.6%
Total Raised £177,845,375 £125,873,375 41.3%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 527 444 18.7%
Lots Sold 446 348 28.2%
Percent Sold 84.6% 78.4% 7.9%
Total Raised £152,795,125 £100,127,880 52.6%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 60 74 -18.9%
Lots Sold 50 63 -20.6%
Percent Sold 83.3% 85.1% -2.1%
Total Raised £25,050,250 £25,745,495 -2.7%


North-East

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 776 793 -2.1%
Lots Sold 559 539 3.7%
Percent Sold 72% 68% 5.9%
Total Raised £46,180,169 £45,660,829 1.1%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 718 741 -3.1%
Lots Sold 518 507 2.2%
Percent Sold 72.1% 68.4% 5.4%
Total Raised £40,998,420 £42,286,579 -3.0%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 58 52 11.5%
Lots Sold 41 32 28.1%
Percent Sold 70.7% 61.5% 15.0%
Total Raised £5,181,749 £3,374,250 53.6%


North-West

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 1,491 1,138 31.0%
Lots Sold 1,142 789 44.7%
Percent Sold 76.6% 69.3% 10.5%
Total Raised £97,303,790 £67,719,709 43.7%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 1,185 908 30.5%
Lots Sold 917 639 43.5%
Percent Sold 77.4% 70.4% 9.9%
Total Raised £70,608,305 £46,788,509 50.9%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 306 230 33.0%
Lots Sold 225 150 50.0%
Percent Sold 73.5% 65.2% 12.7%
Total Raised £26,695,485 £20,931,200 27.5%


North-West Home Counties

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 262 247 6.1%
Lots Sold 203 188 8.0%
Percent Sold 77.5% 76.1% 1.8%
Total Raised £47,333,400 £50,289,606 -5.9%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 207 187 10.7%
Lots Sold 158 145 9.0%
Percent Sold 76.3% 77.5% -1.5%
Total Raised £32,015,350 £28,606,356 11.9%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 55 60 -8.3%
Lots Sold 45 43 4.7%
Percent Sold 81.8% 71.7% 14.1%
Total Raised £15,318,050 £21,683,250 -29.4%


Northern Ireland

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 249 197 26.4%
Lots Sold 164 109 50.5%
Percent Sold 65.9% 55.3% 19.2%
Total Raised £9,160,400 £6,109,100 49.9%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 229 181 26.5%
Lots Sold 149 101 47.5%
Percent Sold 65.1% 55.8% 16.7%
Total Raised £7,795,400 £5,677,100 37.3%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 20 16 25.0%
Lots Sold 15 8 87.5%
Percent Sold 75% 50% 50.0%
Total Raised £1,365,000 £432,000 216.0%


Scotland

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 269 326 -17.5%
Lots Sold 127 139 -8.6%
Percent Sold 47.2% 42.6% 10.8%
Total Raised £8,239,820 £8,809,849 -6.5%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 215 270 -20.4%
Lots Sold 95 121 -21.5%
Percent Sold 44.2% 44.8% -1.3%
Total Raised £4,302,820 £5,499,350 -21.8%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 54 56 -3.6%
Lots Sold 32 18 77.8%
Percent Sold 59.3% 32.1% 84.7%
Total Raised £3,937,000 £3,310,499 18.9%


South-East Home Counties

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 698 757 -7.8%
Lots Sold 546 571 -4.4%
Percent Sold 78.2% 75.4% 3.7%
Total Raised £101,130,100 £105,525,684 -4.2%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 536 582 -7.9%
Lots Sold 421 440 -4.3%
Percent Sold 78.5% 75.6% 3.8%
Total Raised £72,485,650 £66,692,584 8.7%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 162 175 -7.4%
Lots Sold 125 131 -4.6%
Percent Sold 77.2% 74.9% 3.1%
Total Raised £28,644,450 £38,833,100 -26.2%


South-West

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 547 581 -5.9%
Lots Sold 411 420 -2.1%
Percent Sold 75.1% 72.3% 3.9%
Total Raised £67,435,450 £53,110,500 27.0%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 413 412 0.2%
Lots Sold 306 278 10.1%
Percent Sold 74.1% 67.5% 9.8%
Total Raised £48,052,950 £35,525,600 35.3%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 134 169 -20.7%
Lots Sold 105 142 -26.1%
Percent Sold 78.4% 84% -6.7%
Total Raised £19,382,500 £17,584,900 10.2%


Wales

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 514 462 11.3%
Lots Sold 389 327 19.0%
Percent Sold 75.7% 70.8% 6.9%
Total Raised £32,388,710 £30,383,911 6.6%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 392 339 15.6%
Lots Sold 308 246 25.2%
Percent Sold 78.6% 72.6% 8.3%
Total Raised £24,794,100 £16,623,650 49.1%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 122 123 -0.8%
Lots Sold 81 81 0.0%
Percent Sold 66.4% 65.9% 0.8%
Total Raised £7,594,610 £13,760,261 -44.8%


West Midlands

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 705 637 10.7%
Lots Sold 523 471 11.0%
Percent Sold 74.2% 73.9% 0.4%
Total Raised £61,409,600 £48,563,399 26.5%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 559 518 7.9%
Lots Sold 420 385 9.1%
Percent Sold 75.1% 74.3% 1.1%
Total Raised £44,771,000 £34,264,149 30.7%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 146 119 22.7%
Lots Sold 103 86 19.8%
Percent Sold 70.5% 72.3% -2.5%
Total Raised £16,638,600 £14,299,250 16.4%


Yorkshire and The Humber

Total
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 867 725 19.6%
Lots Sold 600 486 23.5%
Percent Sold 69.2% 67% 3.3%
Total Raised £57,853,569 £49,687,332 16.4%


Residential
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 727 610 19.2%
Lots Sold 497 406 22.4%
Percent Sold 68.4% 66.6% 2.7%
Total Raised £40,205,569 £33,031,582 21.7%


Commercial
June 2013 - August 2013 June 2012 - August 2012 Increase
Lots Offered 140 115 21.7%
Lots Sold 103 80 28.8%
Percent Sold 73.6% 69.6% 5.7%
Total Raised £17,648,000 £16,655,750 6.0%


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.