Essential Auction News
|
Welcome to the first newsletter of 2014, which looks back at auction activity during December and the 3-month and 12-month periods. Throughout 2013 we saw a strengthening market, with auction sales rising and revenues swelling to often record-breaking levels. December's figures epitomised this trend, with auction sales up 8% on 2012 to 2,675 lots and amounts raised up almost £100M - a rise of 25% on the previous year - more on this below.
I will shortly be publishing our annual market review which will offer more detailed analysis of the year's activity, so do please look out for that. In the meantime if you have any questions or comments regarding the market then I would be glad to hear from you. Kind regards David Sandeman Managing Director davids@eigroup.co.uk 01737 232 289 |
National Auction Analysis
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The tables below show increases in nearly every metric measured. Only slight falls are evident in the number of lots offered in the residential market, where 100 fewer lots went to auction in December when compared with 2012 (a 3.7% decrease). However sales were up 3%, and the amount raised was up £50M to £295M (a 20% rise) - a record total for December.
Figures for Q4 show slight gains made in lots offered across both the residential and commercial sectors (up 1.7% and 2.8% respectively), however the 7% gains made in auction sales helped push revenues up by 14% (up to £730M for residential property and £411M for commercial property). It is clear to see that auctions continue to provide an attractive and effective means of buying and selling property, and I do hope that the industry maintains or improves upon this position in 2014. |
Total
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| December 2013 | December 2012 | Increase | October 2013 - December 2013 | October 2012 - December 2012 | Increase | January 2013 - December 2013 | January 2012 - December 2012 | Increase | |
| Lots Offered | 3,426 | 3,371 | 1.6% | 9,435 | 9,257 | 1.9% | 34,030 | 34,065 | -0.1% |
| Lots Sold | 2,675 | 2,469 | 8.3% | 7,305 | 6,841 | 6.8% | 26,458 | 25,539 | 3.6% |
| Percent Sold | 78.1% | 73.2% | 6.7% | 77.4% | 73.9% | 4.7% | 77.7% | 75% | 3.6% |
| Total Raised | £474,095,012 | £379,550,738 | 24.9% | £1,141,610,222 | £1,003,493,018 | 13.8% | £3,828,973,311 | £3,498,282,379 | 9.5% |
Residential
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| December 2013 | December 2012 | Increase | October 2013 - December 2013 | October 2012 - December 2012 | Increase | January 2013 - December 2013 | January 2012 - December 2012 | Increase | |
| Lots Offered | 2,610 | 2,710 | -3.7% | 7,380 | 7,258 | 1.7% | 27,486 | 27,831 | -1.2% |
| Lots Sold | 2,049 | 1,990 | 3.0% | 5,720 | 5,360 | 6.7% | 21,395 | 20,915 | 2.3% |
| Percent Sold | 78.5% | 73.4% | 6.9% | 77.5% | 73.8% | 5.0% | 77.8% | 75.2% | 3.5% |
| Total Raised | £295,350,690 | £245,393,095 | 20.4% | £730,042,690 | £643,424,627 | 13.5% | £2,684,061,274 | £2,474,354,246 | 8.5% |
Commercial
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| December 2013 | December 2012 | Increase | October 2013 - December 2013 | October 2012 - December 2012 | Increase | January 2013 - December 2013 | January 2012 - December 2012 | Increase | |
| Lots Offered | 816 | 661 | 23.4% | 2,055 | 1,999 | 2.8% | 6,544 | 6,234 | 5.0% |
| Lots Sold | 626 | 479 | 30.7% | 1,585 | 1,481 | 7.0% | 5,063 | 4,626 | 9.4% |
| Percent Sold | 76.7% | 72.5% | 5.8% | 77.1% | 74.1% | 4.0% | 77.4% | 74.2% | 4.3% |
| Total Raised | £178,744,322 | £134,157,643 | 33.2% | £411,567,532 | £360,068,391 | 14.3% | £1,144,912,037 | £1,024,063,133 | 11.8% |
Regional Auction Analysis
| As is usually the case, variations across all the measurable parameters can be seen across the regions. |
East Anglia
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 342 | 291 | 17.5% |
| Lots Sold | 272 | 225 | 20.9% |
| Percent Sold | 79.5% | 77.3% | 2.8% |
| Total Raised | £42,690,499 | £31,244,350 | 36.6% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 241 | 239 | 0.8% |
| Lots Sold | 189 | 183 | 3.3% |
| Percent Sold | 78.4% | 76.6% | 2.3% |
| Total Raised | £24,709,100 | £21,561,350 | 14.6% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 101 | 52 | 94.2% |
| Lots Sold | 83 | 42 | 97.6% |
| Percent Sold | 82.2% | 80.8% | 1.7% |
| Total Raised | £17,981,399 | £9,683,000 | 85.7% |
East Midlands
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 720 | 731 | -1.5% |
| Lots Sold | 559 | 553 | 1.1% |
| Percent Sold | 77.6% | 75.6% | 2.6% |
| Total Raised | £68,708,409 | £68,748,355 | -0.1% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 576 | 594 | -3.0% |
| Lots Sold | 445 | 452 | -1.5% |
| Percent Sold | 77.3% | 76.1% | 1.6% |
| Total Raised | £44,927,199 | £39,690,105 | 13.2% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 144 | 137 | 5.1% |
| Lots Sold | 114 | 101 | 12.9% |
| Percent Sold | 79.2% | 73.7% | 7.5% |
| Total Raised | £23,781,210 | £29,058,250 | -18.2% |
London
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 824 | 801 | 2.9% |
| Lots Sold | 729 | 668 | 9.1% |
| Percent Sold | 88.5% | 83.4% | 6.1% |
| Total Raised | £263,056,150 | £229,823,145 | 14.5% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 706 | 714 | -1.1% |
| Lots Sold | 631 | 598 | 5.5% |
| Percent Sold | 89.4% | 83.8% | 6.7% |
| Total Raised | £210,605,650 | £195,819,645 | 7.6% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 118 | 87 | 35.6% |
| Lots Sold | 98 | 70 | 40.0% |
| Percent Sold | 83.1% | 80.5% | 3.2% |
| Total Raised | £52,450,500 | £34,003,500 | 54.3% |
North-East
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 893 | 803 | 11.2% |
| Lots Sold | 648 | 574 | 12.9% |
| Percent Sold | 72.6% | 71.5% | 1.5% |
| Total Raised | £57,391,244 | £46,138,438 | 24.4% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 787 | 720 | 9.3% |
| Lots Sold | 567 | 516 | 9.9% |
| Percent Sold | 72% | 71.7% | 0.4% |
| Total Raised | £41,648,994 | £35,746,688 | 16.5% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 106 | 83 | 27.7% |
| Lots Sold | 81 | 58 | 39.7% |
| Percent Sold | 76.4% | 69.9% | 9.3% |
| Total Raised | £15,742,250 | £10,391,750 | 51.5% |
North-West
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 1,541 | 1,597 | -3.5% |
| Lots Sold | 1,190 | 1,134 | 4.9% |
| Percent Sold | 77.2% | 71% | 8.7% |
| Total Raised | £120,511,226 | £102,317,468 | 17.8% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 1,207 | 1,222 | -1.2% |
| Lots Sold | 941 | 878 | 7.2% |
| Percent Sold | 78% | 71.8% | 8.6% |
| Total Raised | £74,366,666 | £62,882,929 | 18.3% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 334 | 375 | -10.9% |
| Lots Sold | 249 | 256 | -2.7% |
| Percent Sold | 74.6% | 68.3% | 9.2% |
| Total Raised | £46,144,560 | £39,434,539 | 17.0% |
North-West Home Counties
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 406 | 390 | 4.1% |
| Lots Sold | 314 | 311 | 1.0% |
| Percent Sold | 77.3% | 79.7% | -3.0% |
| Total Raised | £87,077,450 | £92,660,350 | -6.0% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 295 | 277 | 6.5% |
| Lots Sold | 234 | 211 | 10.9% |
| Percent Sold | 79.3% | 76.2% | 4.1% |
| Total Raised | £46,483,200 | £40,018,400 | 16.2% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 111 | 113 | -1.8% |
| Lots Sold | 80 | 100 | -20.0% |
| Percent Sold | 72.1% | 88.5% | -18.5% |
| Total Raised | £40,594,250 | £52,641,950 | -22.9% |
Northern Ireland
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 212 | 285 | -25.6% |
| Lots Sold | 148 | 186 | -20.4% |
| Percent Sold | 69.8% | 65.3% | 6.9% |
| Total Raised | £8,977,000 | £10,294,050 | -12.8% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 173 | 267 | -35.2% |
| Lots Sold | 118 | 172 | -31.4% |
| Percent Sold | 68.2% | 64.4% | 5.9% |
| Total Raised | £5,991,000 | £9,354,300 | -36.0% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 39 | 18 | 116.7% |
| Lots Sold | 30 | 14 | 114.3% |
| Percent Sold | 76.9% | 77.8% | -1.2% |
| Total Raised | £2,986,000 | £939,750 | 217.7% |
Scotland
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 333 | 316 | 5.4% |
| Lots Sold | 183 | 145 | 26.2% |
| Percent Sold | 55% | 45.9% | 19.8% |
| Total Raised | £14,689,050 | £14,773,250 | -0.6% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 254 | 241 | 5.4% |
| Lots Sold | 139 | 103 | 35.0% |
| Percent Sold | 54.7% | 42.7% | 28.1% |
| Total Raised | £7,672,200 | £5,824,050 | 31.7% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 79 | 75 | 5.3% |
| Lots Sold | 44 | 42 | 4.8% |
| Percent Sold | 55.7% | 56% | -0.5% |
| Total Raised | £7,016,850 | £8,949,200 | -21.6% |
South-East Home Counties
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 973 | 1,051 | -7.4% |
| Lots Sold | 808 | 796 | 1.5% |
| Percent Sold | 83% | 75.7% | 9.6% |
| Total Raised | £186,512,445 | £155,783,652 | 19.7% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 683 | 749 | -8.8% |
| Lots Sold | 566 | 567 | -0.2% |
| Percent Sold | 82.9% | 75.7% | 9.5% |
| Total Raised | £90,363,945 | £76,285,450 | 18.5% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 290 | 302 | -4.0% |
| Lots Sold | 242 | 229 | 5.7% |
| Percent Sold | 83.4% | 75.8% | 10.0% |
| Total Raised | £96,148,500 | £79,498,202 | 20.9% |
South-West
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 672 | 661 | 1.7% |
| Lots Sold | 492 | 486 | 1.2% |
| Percent Sold | 73.2% | 73.5% | -0.4% |
| Total Raised | £87,136,000 | £71,741,610 | 21.5% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 477 | 401 | 19.0% |
| Lots Sold | 338 | 285 | 18.6% |
| Percent Sold | 70.9% | 71.1% | -0.3% |
| Total Raised | £52,961,250 | £39,927,900 | 32.6% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 195 | 260 | -25.0% |
| Lots Sold | 154 | 201 | -23.4% |
| Percent Sold | 79% | 77.3% | 2.2% |
| Total Raised | £34,174,750 | £31,813,710 | 7.4% |
Wales
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 558 | 562 | -0.7% |
| Lots Sold | 431 | 417 | 3.4% |
| Percent Sold | 77.2% | 74.2% | 4.0% |
| Total Raised | £36,984,414 | £36,045,710 | 2.6% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 418 | 408 | 2.5% |
| Lots Sold | 326 | 300 | 8.7% |
| Percent Sold | 78% | 73.5% | 6.1% |
| Total Raised | £26,770,201 | £22,793,710 | 17.4% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 140 | 154 | -9.1% |
| Lots Sold | 105 | 117 | -10.3% |
| Percent Sold | 75% | 76% | -1.3% |
| Total Raised | £10,214,213 | £13,252,000 | -22.9% |
West Midlands
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 1,016 | 864 | 17.6% |
| Lots Sold | 826 | 676 | 22.2% |
| Percent Sold | 81.3% | 78.2% | 4.0% |
| Total Raised | £97,160,150 | £78,493,790 | 23.8% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 797 | 672 | 18.6% |
| Lots Sold | 652 | 531 | 22.8% |
| Percent Sold | 81.8% | 79% | 3.5% |
| Total Raised | £60,133,650 | £45,213,550 | 33.0% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 219 | 192 | 14.1% |
| Lots Sold | 174 | 145 | 20.0% |
| Percent Sold | 79.5% | 75.5% | 5.3% |
| Total Raised | £37,026,500 | £33,280,240 | 11.3% |
Yorkshire and The Humber
| Total | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 945 | 905 | 4.4% |
| Lots Sold | 705 | 670 | 5.2% |
| Percent Sold | 74.6% | 74% | 0.8% |
| Total Raised | £70,716,185 | £65,428,850 | 8.1% |
| Residential | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 766 | 754 | 1.6% |
| Lots Sold | 574 | 564 | 1.8% |
| Percent Sold | 74.9% | 74.8% | 0.1% |
| Total Raised | £43,409,635 | £48,306,550 | -10.1% |
| Commercial | |||
|---|---|---|---|
| October 2013 - December 2013 | October 2012 - December 2012 | Increase | |
| Lots Offered | 179 | 151 | 18.5% |
| Lots Sold | 131 | 106 | 23.6% |
| Percent Sold | 73.2% | 70.2% | 4.3% |
| Total Raised | £27,306,550 | £17,122,300 | 59.5% |
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. |