Essential Auction News
|
Welcome to the April newsletter that looks back at auction activity in March and preceding periods. I am pleased to report on another strong set of results, as over £400 million was raised across 128 UK auctions - a huge increase of 50% on March 2013. Lots offered rose 18%, to 2,880 lots, yet even more astonishing is that lots sold gained 25% to 2,235 lots.
This large increase can be partly attributed to a major London residential auction house holding their Spring auction in March this year as opposed to April last year. However, our historic figures reveal that the 2,235 lots sold is the greatest number ever recorded in March, surpassing the previous high of 2,220 lots sold in March 2007 when the market was at its peak. As ever I would welcome any feedback or questions you may have regarding the newsletter or the wider market in general. Kind regards David Sandeman Managing Director davids@eigroup.co.uk 01737 232 289 |
National Auction Analysis
|
In March the volume of residential lots offered increased by 16% and lots sold by 22%, with the market achieving a 77.5% sale rate. These are substantial numbers, notwithstanding the caveat mentioned above, and it is certainly good to see that demand and interest in property auctions continues to rise.
Figures for the commercial sector are some of the strongest seen in recent times, as double-digit increases are evident in 9 out of the 12 metrics measured. 120 more lots were sold last month when compared with March 2013 (up 36%), whilst the amount raised swelled by a massive 64% to £143.8m. A brief glance through the regional tables shows that the growth in property auctions has been spread throughout the UK, as 11 of the 13 regions analysed saw an increase in lots sold and amount raised in Q1 2014 when compared with Q1 2013. |
Total
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| March 2014 | March 2013 | Increase | January 2014 - March 2014 | January 2013 - March 2013 | Increase | April 2013 - March 2014 | April 2012 - March 2013 | Increase | |
| Lots Offered | 2,880 | 2,452 | 17.5% | 7,464 | 6,925 | 7.8% | 34,626 | 33,762 | 2.6% |
| Lots Sold | 2,235 | 1,792 | 24.7% | 5,785 | 5,279 | 9.6% | 26,858 | 25,323 | 6.1% |
| Percent Sold | 77.6% | 73.1% | 6.2% | 77.5% | 76.2% | 1.7% | 77.6% | 75% | 3.5% |
| Total Raised | £401,949,291 | £268,612,230 | 49.6% | £934,808,686 | £753,214,325 | 24.1% | £3,971,378,108 | £3,459,259,483 | 14.8% |
Residential
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| March 2014 | March 2013 | Increase | January 2014 - March 2014 | January 2013 - March 2013 | Increase | April 2013 - March 2014 | April 2012 - March 2013 | Increase | |
| Lots Offered | 2,304 | 1,986 | 16.0% | 5,991 | 5,590 | 7.2% | 27,887 | 27,446 | 1.6% |
| Lots Sold | 1,785 | 1,462 | 22.1% | 4,633 | 4,307 | 7.6% | 21,614 | 20,655 | 4.6% |
| Percent Sold | 77.5% | 73.6% | 5.3% | 77.3% | 77% | 0.4% | 77.5% | 75.3% | 2.9% |
| Total Raised | £258,198,458 | £181,109,330 | 42.6% | £647,553,088 | £524,598,874 | 23.4% | £2,786,653,939 | £2,446,554,977 | 13.9% |
Commercial
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| March 2014 | March 2013 | Increase | January 2014 - March 2014 | January 2013 - March 2013 | Increase | April 2013 - March 2014 | April 2012 - March 2013 | Increase | |
| Lots Offered | 576 | 466 | 23.6% | 1,473 | 1,335 | 10.3% | 6,739 | 6,316 | 6.7% |
| Lots Sold | 450 | 330 | 36.4% | 1,152 | 972 | 18.5% | 5,244 | 4,668 | 12.3% |
| Percent Sold | 78.1% | 70.8% | 10.3% | 78.2% | 72.8% | 7.4% | 77.8% | 73.9% | 5.3% |
| Total Raised | £143,750,833 | £87,502,900 | 64.3% | £287,255,598 | £228,615,451 | 25.7% | £1,184,724,169 | £1,012,704,506 | 17.0% |
Regional Auction Analysis
| As is usually the case, variations across all the measurable parameters can be seen across the regions. |
East Anglia
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 200 | 151 | 32.5% |
| Lots Sold | 174 | 126 | 38.1% |
| Percent Sold | 87% | 83.4% | 4.3% |
| Total Raised | £31,154,805 | £20,754,000 | 50.1% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 133 | 117 | 13.7% |
| Lots Sold | 113 | 98 | 15.3% |
| Percent Sold | 85% | 83.8% | 1.4% |
| Total Raised | £15,811,305 | £11,434,500 | 38.3% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 67 | 34 | 97.1% |
| Lots Sold | 61 | 28 | 117.9% |
| Percent Sold | 91% | 82.4% | 10.4% |
| Total Raised | £15,343,500 | £9,319,500 | 64.6% |
East Midlands
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 564 | 516 | 9.3% |
| Lots Sold | 435 | 397 | 9.6% |
| Percent Sold | 77.1% | 76.9% | 0.3% |
| Total Raised | £50,857,243 | £42,323,500 | 20.2% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 471 | 428 | 10.0% |
| Lots Sold | 369 | 329 | 12.2% |
| Percent Sold | 78.3% | 76.9% | 1.8% |
| Total Raised | £37,376,293 | £31,021,000 | 20.5% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 93 | 88 | 5.7% |
| Lots Sold | 66 | 68 | -2.9% |
| Percent Sold | 71% | 77.3% | -8.2% |
| Total Raised | £13,480,950 | £11,302,500 | 19.3% |
London
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 724 | 695 | 4.2% |
| Lots Sold | 640 | 594 | 7.7% |
| Percent Sold | 88.4% | 85.5% | 3.4% |
| Total Raised | £258,430,570 | £201,176,543 | 28.5% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 653 | 622 | 5.0% |
| Lots Sold | 573 | 535 | 7.1% |
| Percent Sold | 87.7% | 86% | 2.0% |
| Total Raised | £210,018,470 | £161,358,543 | 30.2% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 71 | 73 | -2.7% |
| Lots Sold | 67 | 59 | 13.6% |
| Percent Sold | 94.4% | 80.8% | 16.8% |
| Total Raised | £48,412,100 | £39,818,000 | 21.6% |
North-East
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 828 | 868 | -4.6% |
| Lots Sold | 593 | 641 | -7.5% |
| Percent Sold | 71.6% | 73.8% | -3.0% |
| Total Raised | £53,182,819 | £50,864,060 | 4.6% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 750 | 801 | -6.4% |
| Lots Sold | 536 | 597 | -10.2% |
| Percent Sold | 71.5% | 74.5% | -4.0% |
| Total Raised | £40,615,069 | £44,568,360 | -8.9% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 78 | 67 | 16.4% |
| Lots Sold | 57 | 44 | 29.5% |
| Percent Sold | 73.1% | 65.7% | 11.3% |
| Total Raised | £12,567,750 | £6,295,700 | 99.6% |
North-West
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 1,127 | 1,078 | 4.5% |
| Lots Sold | 800 | 817 | -2.1% |
| Percent Sold | 71% | 75.8% | -6.3% |
| Total Raised | £73,012,900 | £74,037,412 | -1.4% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 867 | 812 | 6.8% |
| Lots Sold | 626 | 628 | -0.3% |
| Percent Sold | 72.2% | 77.3% | -6.6% |
| Total Raised | £48,048,800 | £43,777,067 | 9.8% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 260 | 266 | -2.3% |
| Lots Sold | 174 | 189 | -7.9% |
| Percent Sold | 66.9% | 71.1% | -5.9% |
| Total Raised | £24,964,100 | £30,260,345 | -17.5% |
North-West Home Counties
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 293 | 251 | 16.7% |
| Lots Sold | 244 | 204 | 19.6% |
| Percent Sold | 83.3% | 81.3% | 2.5% |
| Total Raised | £78,511,425 | £49,227,700 | 59.5% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 200 | 185 | 8.1% |
| Lots Sold | 165 | 151 | 9.3% |
| Percent Sold | 82.5% | 81.6% | 1.1% |
| Total Raised | £41,089,550 | £30,855,500 | 33.2% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 93 | 66 | 40.9% |
| Lots Sold | 79 | 53 | 49.1% |
| Percent Sold | 84.9% | 80.3% | 5.7% |
| Total Raised | £37,421,875 | £18,372,200 | 103.7% |
Northern Ireland
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 236 | 193 | 22.3% |
| Lots Sold | 181 | 143 | 26.6% |
| Percent Sold | 76.7% | 74.1% | 3.5% |
| Total Raised | £13,228,300 | £7,307,800 | 81.0% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 201 | 181 | 11.0% |
| Lots Sold | 151 | 137 | 10.2% |
| Percent Sold | 75.1% | 75.7% | -0.8% |
| Total Raised | £11,019,300 | £6,673,800 | 65.1% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 35 | 12 | 191.7% |
| Lots Sold | 30 | 6 | 400.0% |
| Percent Sold | 85.7% | 50% | 71.4% |
| Total Raised | £2,209,000 | £634,000 | 248.4% |
Scotland
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 238 | 243 | -2.1% |
| Lots Sold | 140 | 132 | 6.1% |
| Percent Sold | 58.8% | 54.3% | 8.3% |
| Total Raised | £20,773,532 | £10,646,700 | 95.1% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 180 | 193 | -6.7% |
| Lots Sold | 101 | 104 | -2.9% |
| Percent Sold | 56.1% | 53.9% | 4.1% |
| Total Raised | £6,130,932 | £5,726,350 | 7.1% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 58 | 50 | 16.0% |
| Lots Sold | 39 | 28 | 39.3% |
| Percent Sold | 67.2% | 56% | 20.0% |
| Total Raised | £14,642,600 | £4,920,350 | 197.6% |
South-East Home Counties
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 882 | 800 | 10.3% |
| Lots Sold | 750 | 630 | 19.0% |
| Percent Sold | 85% | 78.8% | 7.9% |
| Total Raised | £142,565,625 | £122,598,071 | 16.3% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 709 | 607 | 16.8% |
| Lots Sold | 605 | 489 | 23.7% |
| Percent Sold | 85.3% | 80.6% | 5.8% |
| Total Raised | £102,236,925 | £71,314,071 | 43.4% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 173 | 193 | -10.4% |
| Lots Sold | 145 | 141 | 2.8% |
| Percent Sold | 83.8% | 73.1% | 14.6% |
| Total Raised | £40,328,700 | £51,284,000 | -21.4% |
South-West
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 432 | 394 | 9.6% |
| Lots Sold | 335 | 295 | 13.6% |
| Percent Sold | 77.5% | 74.9% | 3.5% |
| Total Raised | £57,481,739 | £40,669,006 | 41.3% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 286 | 291 | -1.7% |
| Lots Sold | 218 | 212 | 2.8% |
| Percent Sold | 76.2% | 72.9% | 4.5% |
| Total Raised | £33,776,289 | £28,907,450 | 16.8% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 146 | 103 | 41.7% |
| Lots Sold | 117 | 83 | 41.0% |
| Percent Sold | 80.1% | 80.6% | -0.6% |
| Total Raised | £23,705,450 | £11,761,556 | 101.6% |
Wales
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 461 | 449 | 2.7% |
| Lots Sold | 365 | 331 | 10.3% |
| Percent Sold | 79.2% | 73.7% | 7.5% |
| Total Raised | £32,527,300 | £35,844,550 | -9.3% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 338 | 310 | 9.0% |
| Lots Sold | 263 | 231 | 13.9% |
| Percent Sold | 77.8% | 74.5% | 4.4% |
| Total Raised | £19,868,200 | £19,902,450 | -0.2% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 123 | 139 | -11.5% |
| Lots Sold | 102 | 100 | 2.0% |
| Percent Sold | 82.9% | 71.9% | 15.3% |
| Total Raised | £12,659,100 | £15,942,100 | -20.6% |
West Midlands
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 661 | 621 | 6.4% |
| Lots Sold | 513 | 464 | 10.6% |
| Percent Sold | 77.6% | 74.7% | 3.9% |
| Total Raised | £59,976,155 | £50,348,633 | 19.1% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 558 | 481 | 16.0% |
| Lots Sold | 431 | 364 | 18.4% |
| Percent Sold | 77.2% | 75.7% | 2.0% |
| Total Raised | £42,848,205 | £33,128,683 | 29.3% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 103 | 140 | -26.4% |
| Lots Sold | 82 | 100 | -18.0% |
| Percent Sold | 79.6% | 71.4% | 11.5% |
| Total Raised | £17,127,950 | £17,219,950 | -0.5% |
Yorkshire and The Humber
| Total | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 818 | 666 | 22.8% |
| Lots Sold | 615 | 505 | 21.8% |
| Percent Sold | 75.2% | 75.8% | -0.8% |
| Total Raised | £63,106,273 | £47,416,350 | 33.1% |
| Residential | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 645 | 562 | 14.8% |
| Lots Sold | 482 | 432 | 11.6% |
| Percent Sold | 74.7% | 76.9% | -2.9% |
| Total Raised | £38,713,750 | £35,931,100 | 7.7% |
| Commercial | |||
|---|---|---|---|
| January 2014 - March 2014 | January 2013 - March 2013 | Increase | |
| Lots Offered | 173 | 104 | 66.3% |
| Lots Sold | 133 | 73 | 82.2% |
| Percent Sold | 76.9% | 70.2% | 9.5% |
| Total Raised | £24,392,523 | £11,485,250 | 112.4% |
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. |