Auction Data for July 2014

Essential Auction News

David Sandeman, Managing Director Welcome to the August newsletter that looks back at auction activity in July and preceding periods. July is traditionally one of the busiest months in the auction calendar, and last month was no exception with over 4,200 lots offered across 194 auctions - a 7.8% gain on July 2013.

The number of lots sold at auction increased by 4.4% to 3.062 lots, generating total revenues of £539.2M. This was yet another substantial gain on last year (15.4%), whilst similar rises are evident in the rolling quarterly and yearly figures.

I do hope you are now enjoying the summer break. As ever I would welcome any feedback yo umay 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

Residential lots offered and sold both increased in July, up by 9.1% and 5.7% respectively, and after several months of double-digit rises the total amount raised shows a more moderate gain this month of 5.1%, to £341.8M.

Conversely, the commercial market enjoyed a huge leap in revenues - up 38.8% to £197.3M, yet actual sales fell by 0.5% in July to 595 lots.

Total

Last Month Last Quarter Last Year
July 2014 July 2013 Increase May 2014 - July 2014 May 2013 - July 2013 Increase August 2013 - July 2014 August 2012 - July 2013 Increase
Lots Offered 4,239 3,931 7.8% 10,523 10,202 3.1% 35,101 34,125 2.9%
Lots Sold 3,062 2,932 4.4% 7,940 7,700 3.1% 27,157 25,988 4.5%
Percent Sold 72.2% 74.6% -3.2% 75.5% 75.5% 0.0% 77.4% 76.2% 1.6%
Total Raised £539,239,280 £467,408,989 15.4% £1,355,809,035 £1,161,355,893 16.7% £4,187,900,588 £3,622,531,744 15.6%

Residential

Last Month Last Quarter Last Year
July 2014 July 2013 Increase May 2014 - July 2014 May 2013 - July 2013 Increase August 2013 - July 2014 August 2012 - July 2013 Increase
Lots Offered 3,388 3,105 9.1% 8,492 8,114 4.7% 28,378 27,712 2.4%
Lots Sold 2,467 2,334 5.7% 6,438 6,129 5.0% 21,969 21,176 3.7%
Percent Sold 72.8% 75.2% -3.2% 75.8% 75.5% 0.4% 77.4% 76.4% 1.3%
Total Raised £341,860,650 £325,249,890 5.1% £924,626,805 £805,693,694 14.8% £2,916,259,218 £2,576,709,308 13.2%

Commercial

Last Month Last Quarter Last Year
July 2014 July 2013 Increase May 2014 - July 2014 May 2013 - July 2013 Increase August 2013 - July 2014 August 2012 - July 2013 Increase
Lots Offered 851 826 3.0% 2,031 2,088 -2.7% 6,723 6,413 4.8%
Lots Sold 595 598 -0.5% 1,502 1,571 -4.4% 5,188 4,812 7.8%
Percent Sold 69.9% 72.4% -3.5% 74% 75.2% -1.6% 77.2% 75% 2.9%
Total Raised £197,378,630 £142,159,099 38.8% £431,182,230 £355,662,199 21.2% £1,271,641,370 £1,045,822,436 21.6%


Regional Auction Analysis

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

East Anglia

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 393 283 38.9%
Lots Sold 326 217 50.2%
Percent Sold 83% 76.7% 8.2%
Total Raised £46,951,800 £32,380,800 45.0%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 303 209 45.0%
Lots Sold 254 166 53.0%
Percent Sold 83.8% 79.4% 5.5%
Total Raised £27,405,600 £20,305,300 35.0%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 90 74 21.6%
Lots Sold 72 51 41.2%
Percent Sold 80% 68.9% 16.1%
Total Raised £19,546,200 £12,075,500 61.9%


East Midlands

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 809 851 -4.9%
Lots Sold 607 628 -3.3%
Percent Sold 75% 73.8% 1.6%
Total Raised £76,770,109 £72,535,950 5.8%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 656 694 -5.5%
Lots Sold 501 516 -2.9%
Percent Sold 76.4% 74.4% 2.7%
Total Raised £55,199,359 £51,014,950 8.2%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 153 157 -2.5%
Lots Sold 106 112 -5.4%
Percent Sold 69.3% 71.3% -2.8%
Total Raised £21,570,750 £21,521,000 0.2%


London

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 1,036 940 10.2%
Lots Sold 826 804 2.7%
Percent Sold 79.7% 85.5% -6.8%
Total Raised £367,518,300 £289,860,500 26.8%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 925 819 12.9%
Lots Sold 729 699 4.3%
Percent Sold 78.8% 85.3% -7.6%
Total Raised £282,327,200 £237,306,750 19.0%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 111 121 -8.3%
Lots Sold 97 105 -7.6%
Percent Sold 87.4% 86.8% 0.7%
Total Raised £85,191,100 £52,553,750 62.1%


North-East

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 924 977 -5.4%
Lots Sold 657 721 -8.9%
Percent Sold 71.1% 73.8% -3.7%
Total Raised £53,328,690 £57,647,309 -7.5%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 839 879 -4.6%
Lots Sold 595 644 -7.6%
Percent Sold 70.9% 73.3% -3.3%
Total Raised £42,085,300 £46,071,060 -8.7%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 85 98 -13.3%
Lots Sold 62 77 -19.5%
Percent Sold 72.9% 78.6% -7.3%
Total Raised £11,243,390 £11,576,249 -2.9%


North-West

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 1,513 1,668 -9.3%
Lots Sold 1,076 1,266 -15.0%
Percent Sold 71.1% 75.9% -6.3%
Total Raised £116,393,497 £120,523,040 -3.4%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 1,179 1,297 -9.1%
Lots Sold 848 990 -14.3%
Percent Sold 71.9% 76.3% -5.8%
Total Raised £67,865,317 £77,990,705 -13.0%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 334 371 -10.0%
Lots Sold 228 276 -17.4%
Percent Sold 68.3% 74.4% -8.2%
Total Raised £48,528,180 £42,532,335 14.1%


North-West Home Counties

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 430 385 11.7%
Lots Sold 351 297 18.2%
Percent Sold 81.6% 77.1% 5.8%
Total Raised £114,676,750 £84,063,550 36.4%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 313 285 9.8%
Lots Sold 255 217 17.5%
Percent Sold 81.5% 76.1% 7.1%
Total Raised £69,070,850 £45,889,200 50.5%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 117 100 17.0%
Lots Sold 96 80 20.0%
Percent Sold 82.1% 80% 2.6%
Total Raised £45,605,900 £38,174,350 19.5%


Northern Ireland

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 288 175 64.6%
Lots Sold 231 124 86.3%
Percent Sold 80.2% 70.9% 13.1%
Total Raised £16,015,600 £7,169,000 123.4%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 250 156 60.3%
Lots Sold 201 108 86.1%
Percent Sold 80.4% 69.2% 16.2%
Total Raised £13,266,100 £5,765,500 130.1%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 38 19 100.0%
Lots Sold 30 16 87.5%
Percent Sold 78.9% 84.2% -6.3%
Total Raised £2,749,500 £1,403,500 95.9%


Scotland

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 282 244 15.6%
Lots Sold 150 116 29.3%
Percent Sold 53.2% 47.5% 12.0%
Total Raised £10,352,360 £9,626,096 7.5%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 223 186 19.9%
Lots Sold 115 82 40.2%
Percent Sold 51.6% 44.1% 17.0%
Total Raised £6,033,360 £4,647,340 29.8%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 59 58 1.7%
Lots Sold 35 34 2.9%
Percent Sold 59.3% 58.6% 1.2%
Total Raised £4,319,000 £4,978,756 -13.3%


South-East Home Counties

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 1,157 1,117 3.6%
Lots Sold 938 884 6.1%
Percent Sold 81.1% 79.1% 2.5%
Total Raised £198,164,371 £177,689,550 11.5%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 926 845 9.6%
Lots Sold 751 668 12.4%
Percent Sold 81.1% 79.1% 2.5%
Total Raised £130,958,071 £109,887,401 19.2%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 231 272 -15.1%
Lots Sold 187 216 -13.4%
Percent Sold 81% 79.4% 2.0%
Total Raised £67,206,300 £67,802,149 -0.9%


South-West

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 800 727 10.0%
Lots Sold 616 546 12.8%
Percent Sold 77% 75.1% 2.5%
Total Raised £123,660,660 £91,889,450 34.6%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 575 519 10.8%
Lots Sold 434 377 15.1%
Percent Sold 75.5% 72.6% 4.0%
Total Raised £77,123,050 £56,796,450 35.8%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 225 208 8.2%
Lots Sold 182 169 7.7%
Percent Sold 80.9% 81.3% -0.5%
Total Raised £46,537,610 £35,093,000 32.6%


Wales

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 725 688 5.4%
Lots Sold 533 526 1.3%
Percent Sold 73.5% 76.5% -3.9%
Total Raised £48,142,794 £47,717,610 0.9%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 536 497 7.8%
Lots Sold 402 394 2.0%
Percent Sold 75% 79.3% -5.4%
Total Raised £29,836,794 £32,822,350 -9.1%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 189 191 -1.0%
Lots Sold 131 132 -0.8%
Percent Sold 69.3% 69.1% 0.3%
Total Raised £18,306,000 £14,895,260 22.9%


West Midlands

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 1,199 1,064 12.7%
Lots Sold 935 814 14.9%
Percent Sold 78% 76.5% 2.0%
Total Raised £110,935,004 £96,525,603 14.9%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 973 838 16.1%
Lots Sold 776 654 18.7%
Percent Sold 79.8% 78% 2.3%
Total Raised £76,287,754 £67,015,003 13.8%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 226 226 0.0%
Lots Sold 159 160 -0.6%
Percent Sold 70.4% 70.8% -0.6%
Total Raised £34,647,250 £29,510,600 17.4%


Yorkshire and The Humber

Total
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 967 1,083 -10.7%
Lots Sold 694 757 -8.3%
Percent Sold 71.8% 69.9% 2.7%
Total Raised £72,899,100 £73,727,435 -1.1%


Residential
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 794 890 -10.8%
Lots Sold 577 614 -6.0%
Percent Sold 72.7% 69% 5.4%
Total Raised £47,168,050 £50,181,685 -6.0%


Commercial
May 2014 - July 2014 May 2013 - July 2013 Increase
Lots Offered 173 193 -10.4%
Lots Sold 117 143 -18.2%
Percent Sold 67.6% 74.1% -8.8%
Total Raised £25,731,050 £23,545,750 9.3%


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