Essential Auction News
|
Welcome to the February 2014 newsletter which looks back at auction activity in January and preceding periods. As always, the auction market was very quiet during January and this is reflected in the figures, as only 541 lots were offered across 19 auctions nationwide. This was a marginal increase on January 2013 (509 lots offered), whilst total revenues dropped by the negligible amount of £650,000 - 1.9%.
A more thorough analysis of the industry will be possible in next month's newsletter after a full quote of auctions has occurred. In the meantime I would welcome any comments or feedback you have regarding the newsletters or indeed the wider market in general. Kind regards David Sandeman Managing Director davids@eigroup.co.uk 01737 232 289 |
National Auction Analysis
|
There were slight increases in auction sales in January for both the residential and commercial markets (up 4% and 18.5% respectively), although it is not advisable to draw any meaningful conclusions with such a small sample set of auction data.
In this case the rolling yearly figures provide a more accurate picture of the industry's health, and this shows gains made in every metric except for a small decrease in residential lots offered (down 1.1%). The largest gains can be seen in the total raised across both sectors, due in part to the increase in property values witnessed over the last year or so. |
Total
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| January 2014 | January 2013 | Increase | November 2013 - January 2014 | November 2012 - January 2013 | Increase | February 2013 - January 2014 | February 2012 - January 2013 | Increase | |
| Lots Offered | 541 | 509 | 6.3% | 6,095 | 6,402 | -4.8% | 34,148 | 34,074 | 0.2% |
| Lots Sold | 371 | 353 | 5.1% | 4,632 | 4,759 | -2.7% | 26,557 | 25,558 | 3.9% |
| Percent Sold | 68.6% | 69.4% | -1.2% | 76% | 74.3% | 2.3% | 77.8% | 75% | 3.7% |
| Total Raised | £32,894,488 | £33,544,344 | -1.9% | £672,068,707 | £642,122,505 | 4.7% | £3,835,822,602 | £3,509,455,804 | 9.3% |
Residential
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| January 2014 | January 2013 | Increase | November 2013 - January 2014 | November 2012 - January 2013 | Increase | February 2013 - January 2014 | February 2012 - January 2013 | Increase | |
| Lots Offered | 492 | 470 | 4.7% | 4,874 | 5,243 | -7.0% | 27,524 | 27,837 | -1.1% |
| Lots Sold | 339 | 326 | 4.0% | 3,715 | 3,909 | -5.0% | 21,429 | 20,916 | 2.5% |
| Percent Sold | 68.9% | 69.4% | -0.7% | 76.2% | 74.6% | 2.1% | 77.9% | 75.1% | 3.7% |
| Total Raised | £29,670,488 | £29,896,844 | -0.8% | £455,797,830 | £471,200,412 | -3.3% | £2,681,900,605 | £2,481,182,671 | 8.1% |
Commercial
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| January 2014 | January 2013 | Increase | November 2013 - January 2014 | November 2012 - January 2013 | Increase | February 2013 - January 2014 | February 2012 - January 2013 | Increase | |
| Lots Offered | 49 | 39 | 25.6% | 1,221 | 1,159 | 5.3% | 6,624 | 6,237 | 6.2% |
| Lots Sold | 32 | 27 | 18.5% | 917 | 850 | 7.9% | 5,128 | 4,642 | 10.5% |
| Percent Sold | 65.3% | 69.2% | -5.6% | 75.1% | 73.3% | 2.5% | 77.4% | 74.4% | 4.0% |
| Total Raised | £3,224,000 | £3,647,500 | -11.6% | £216,270,877 | £170,922,093 | 26.5% | £1,153,921,997 | £1,028,273,133 | 12.2% |
Regional Auction Analysis
| As is usually the case, variations across all the measurable parameters can be seen across the regions. |
East Anglia
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 200 | 229 | -12.7% |
| Lots Sold | 152 | 180 | -15.6% |
| Percent Sold | 76% | 78.6% | -3.3% |
| Total Raised | £25,654,399 | £24,128,995 | 6.3% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 146 | 187 | -21.9% |
| Lots Sold | 113 | 146 | -22.6% |
| Percent Sold | 77.4% | 78.1% | -0.9% |
| Total Raised | £16,196,000 | £17,339,995 | -6.6% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 54 | 42 | 28.6% |
| Lots Sold | 39 | 34 | 14.7% |
| Percent Sold | 72.2% | 81% | -10.9% |
| Total Raised | £9,458,399 | £6,789,000 | 39.3% |
East Midlands
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 505 | 483 | 4.6% |
| Lots Sold | 389 | 354 | 9.9% |
| Percent Sold | 77% | 73.3% | 5.0% |
| Total Raised | £48,512,909 | £36,978,450 | 31.2% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 406 | 404 | 0.5% |
| Lots Sold | 310 | 298 | 4.0% |
| Percent Sold | 76.4% | 73.8% | 3.5% |
| Total Raised | £31,080,199 | £24,818,200 | 25.2% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 99 | 79 | 25.3% |
| Lots Sold | 79 | 56 | 41.1% |
| Percent Sold | 79.8% | 70.9% | 12.6% |
| Total Raised | £17,432,710 | £12,160,250 | 43.4% |
London
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 472 | 548 | -13.9% |
| Lots Sold | 424 | 460 | -7.8% |
| Percent Sold | 89.8% | 83.9% | 7.0% |
| Total Raised | £149,862,500 | £156,122,085 | -4.0% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 407 | 500 | -18.6% |
| Lots Sold | 367 | 421 | -12.8% |
| Percent Sold | 90.2% | 84.2% | 7.1% |
| Total Raised | £120,375,500 | £141,510,085 | -14.9% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 65 | 48 | 35.4% |
| Lots Sold | 57 | 39 | 46.2% |
| Percent Sold | 87.7% | 81.3% | 7.9% |
| Total Raised | £29,487,000 | £14,612,000 | 101.8% |
North-East
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 674 | 687 | -1.9% |
| Lots Sold | 497 | 496 | 0.2% |
| Percent Sold | 73.7% | 72.2% | 2.1% |
| Total Raised | £42,120,915 | £36,518,199 | 15.3% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 621 | 624 | -0.5% |
| Lots Sold | 456 | 451 | 1.1% |
| Percent Sold | 73.4% | 72.3% | 1.5% |
| Total Raised | £34,996,415 | £31,574,449 | 10.8% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 53 | 63 | -15.9% |
| Lots Sold | 41 | 45 | -8.9% |
| Percent Sold | 77.4% | 71.4% | 8.4% |
| Total Raised | £7,124,500 | £4,943,750 | 44.1% |
North-West
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 901 | 1,030 | -12.5% |
| Lots Sold | 680 | 740 | -8.1% |
| Percent Sold | 75.5% | 71.8% | 5.2% |
| Total Raised | £65,761,340 | £60,374,402 | 8.9% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 700 | 826 | -15.3% |
| Lots Sold | 532 | 603 | -11.8% |
| Percent Sold | 76% | 73% | 4.1% |
| Total Raised | £40,792,385 | £42,882,699 | -4.9% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 201 | 204 | -1.5% |
| Lots Sold | 148 | 137 | 8.0% |
| Percent Sold | 73.6% | 67.2% | 9.5% |
| Total Raised | £24,968,955 | £17,491,703 | 42.7% |
North-West Home Counties
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 226 | 272 | -16.9% |
| Lots Sold | 172 | 217 | -20.7% |
| Percent Sold | 76.1% | 79.8% | -4.6% |
| Total Raised | £51,360,000 | £60,358,340 | -14.9% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 165 | 215 | -23.3% |
| Lots Sold | 134 | 167 | -19.8% |
| Percent Sold | 81.2% | 77.7% | 4.5% |
| Total Raised | £30,309,500 | £33,063,640 | -8.3% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 61 | 57 | 7.0% |
| Lots Sold | 38 | 50 | -24.0% |
| Percent Sold | 62.3% | 87.7% | -29.0% |
| Total Raised | £21,050,500 | £27,294,700 | -22.9% |
Northern Ireland
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 158 | 222 | -28.8% |
| Lots Sold | 120 | 156 | -23.1% |
| Percent Sold | 75.9% | 70.3% | 8.0% |
| Total Raised | £7,533,250 | £8,636,350 | -12.8% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 129 | 199 | -35.2% |
| Lots Sold | 97 | 139 | -30.2% |
| Percent Sold | 75.2% | 69.8% | 7.7% |
| Total Raised | £5,576,750 | £7,501,600 | -25.7% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 29 | 23 | 26.1% |
| Lots Sold | 23 | 17 | 35.3% |
| Percent Sold | 79.3% | 73.9% | 7.3% |
| Total Raised | £1,956,500 | £1,134,750 | 72.4% |
Scotland
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 259 | 253 | 2.4% |
| Lots Sold | 140 | 111 | 26.1% |
| Percent Sold | 54.1% | 43.9% | 23.2% |
| Total Raised | £10,004,583 | £9,255,000 | 8.1% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 205 | 206 | -0.5% |
| Lots Sold | 114 | 91 | 25.3% |
| Percent Sold | 55.6% | 44.2% | 25.8% |
| Total Raised | £6,392,583 | £5,296,550 | 20.7% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 54 | 47 | 14.9% |
| Lots Sold | 26 | 20 | 30.0% |
| Percent Sold | 48.1% | 42.6% | 12.9% |
| Total Raised | £3,612,000 | £3,958,450 | -8.8% |
South-East Home Counties
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 582 | 688 | -15.4% |
| Lots Sold | 492 | 533 | -7.7% |
| Percent Sold | 84.5% | 77.5% | 9.0% |
| Total Raised | £105,544,850 | £94,324,561 | 11.9% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 422 | 525 | -19.6% |
| Lots Sold | 356 | 412 | -13.6% |
| Percent Sold | 84.4% | 78.5% | 7.5% |
| Total Raised | £57,492,800 | £55,889,561 | 2.9% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 160 | 163 | -1.8% |
| Lots Sold | 136 | 121 | 12.4% |
| Percent Sold | 85% | 74.2% | 14.6% |
| Total Raised | £48,052,050 | £38,435,000 | 25.0% |
South-West
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 458 | 431 | 6.3% |
| Lots Sold | 327 | 313 | 4.5% |
| Percent Sold | 71.4% | 72.6% | -1.7% |
| Total Raised | £53,155,700 | £44,487,450 | 19.5% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 336 | 272 | 23.5% |
| Lots Sold | 235 | 193 | 21.8% |
| Percent Sold | 69.9% | 71% | -1.5% |
| Total Raised | £34,857,950 | £27,967,500 | 24.6% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 122 | 159 | -23.3% |
| Lots Sold | 92 | 120 | -23.3% |
| Percent Sold | 75.4% | 75.5% | -0.1% |
| Total Raised | £18,297,750 | £16,519,950 | 10.8% |
Wales
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 330 | 378 | -12.7% |
| Lots Sold | 250 | 281 | -11.0% |
| Percent Sold | 75.8% | 74.3% | 2.0% |
| Total Raised | £19,892,666 | £23,340,300 | -14.8% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 249 | 287 | -13.2% |
| Lots Sold | 192 | 210 | -8.6% |
| Percent Sold | 77.1% | 73.2% | 5.3% |
| Total Raised | £14,010,453 | £17,548,300 | -20.2% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 81 | 91 | -11.0% |
| Lots Sold | 58 | 71 | -18.3% |
| Percent Sold | 71.6% | 78% | -8.2% |
| Total Raised | £5,882,213 | £5,792,000 | 1.6% |
West Midlands
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 631 | 529 | 19.3% |
| Lots Sold | 501 | 419 | 19.6% |
| Percent Sold | 79.4% | 79.2% | 0.3% |
| Total Raised | £48,705,155 | £42,114,373 | 15.6% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 497 | 439 | 13.2% |
| Lots Sold | 395 | 348 | 13.5% |
| Percent Sold | 79.5% | 79.3% | 0.3% |
| Total Raised | £33,655,655 | £28,986,633 | 16.1% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 134 | 90 | 48.9% |
| Lots Sold | 106 | 71 | 49.3% |
| Percent Sold | 79.1% | 78.9% | 0.3% |
| Total Raised | £15,049,500 | £13,127,740 | 14.6% |
Yorkshire and The Humber
| Total | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 699 | 652 | 7.2% |
| Lots Sold | 488 | 499 | -2.2% |
| Percent Sold | 69.8% | 76.5% | -8.8% |
| Total Raised | £43,960,440 | £45,484,000 | -3.3% |
| Residential | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 591 | 559 | 5.7% |
| Lots Sold | 414 | 430 | -3.7% |
| Percent Sold | 70.1% | 76.9% | -8.8% |
| Total Raised | £30,061,640 | £36,821,200 | -18.4% |
| Commercial | |||
|---|---|---|---|
| November 2013 - January 2014 | November 2012 - January 2013 | Increase | |
| Lots Offered | 108 | 93 | 16.1% |
| Lots Sold | 74 | 69 | 7.2% |
| Percent Sold | 68.5% | 74.2% | -7.7% |
| Total Raised | £13,898,800 | £8,662,800 | 60.4% |
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. |