Auction Data for June 2014


Essential Auction News

David Sandeman, Managing Director Welcome to the July newsletter that looks back at auction activity in June and preceding periods. The volume of lots offered at auction increased marginally to 2,902 (up 1.2%), whilst lots sold increased by 4.6% to 2,177. The industry sale rate remains comparative to the long-term average - hovering in the mid-late seventies as it has been for almost a year now.

The market continues to make huge gains in auction revenues, as the figures below show a 22.5% rise on June 2013 to £292.5M. It is also the fifth month running in which property auctions have seen double-digit rises in the monthly, quarterly and yearly comparisons for total raised - a startling trend and one that is indicative of the increased buying activity and rising house prices that has been widely reported in the open market in recent times.

Finally, I have just published a half-year auction market review which takes an in-depth look at the industry and how it has fared over the last 10 years - read it here.

As ever I welcome any comments or feedback you may have regarding the newsletter or indeed the wider market in general.

Kind regards

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

National Auction Analysis

The overall increases made in lots offered and lots sold in June were largely due to another strong showing in the residential market, which saw gains made in every measurable parameter for a fifth consecutive month. Notably, last month the gavel fell on 1,835 residential lots - a 6.5% rise on June 2013 and the highest number recorded in June since 2007 when the market was at its peak.

In contrast, the commercial market experienced a second successive fall in auction lots offered and lots sold - down 4.9% and 4.5% respectively, although despite this the commercial auction revenues continue to increase.


Total

Last Month Last Quarter Last Year
June 2014 June 2013 Increase April 2014 - June 2014 April 2013 - June 2013 Increase July 2013 - June 2014 July 2012 - June 2013 Increase
Lots Offered 2,902 2,868 1.2% 9,094 8,934 1.8% 34,748 33,897 2.5%
Lots Sold 2,177 2,081 4.6% 6,981 6,754 3.4% 27,066 25,767 5.0%
Percent Sold 75% 72.6% 3.3% 76.8% 75.6% 1.6% 77.9% 76% 2.5%
Total Raised £292,589,492 £238,877,575 22.5% £1,057,300,187 £911,351,911 16.0% £4,135,127,643 £3,569,333,703 15.9%

Residential

Last Month Last Quarter Last Year
June 2014 June 2013 Increase April 2014 - June 2014 April 2013 - June 2013 Increase July 2013 - June 2014 July 2012 - June 2013 Increase
Lots Offered 2,421 2,362 2.5% 7,469 7,301 2.3% 28,035 27,452 2.1%
Lots Sold 1,835 1,723 6.5% 5,768 5,521 4.5% 21,846 20,918 4.4%
Percent Sold 75.8% 72.9% 4.0% 77.2% 75.6% 2.1% 77.9% 76.2% 2.2%
Total Raised £248,642,732 £201,298,840 23.5% £786,394,057 £673,260,719 16.8% £2,896,978,441 £2,506,680,577 15.6%

Commercial

Last Month Last Quarter Last Year
June 2014 June 2013 Increase April 2014 - June 2014 April 2013 - June 2013 Increase July 2013 - June 2014 July 2012 - June 2013 Increase
Lots Offered 481 506 -4.9% 1,625 1,633 -0.5% 6,713 6,445 4.2%
Lots Sold 342 358 -4.5% 1,213 1,233 -1.6% 5,220 4,849 7.7%
Percent Sold 71.1% 70.8% 0.4% 74.6% 75.5% -1.2% 77.8% 75.2% 3.5%
Total Raised £43,946,760 £37,578,735 16.9% £270,906,130 £238,091,192 13.8% £1,238,149,202 £1,062,653,126 16.5%


Regional Auction Analysis

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

East Anglia

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 313 259 20.8%
Lots Sold 258 194 33.0%
Percent Sold 82.4% 74.9% 10.0%
Total Raised £41,165,300 £26,180,500 57.2%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 230 205 12.2%
Lots Sold 189 156 21.2%
Percent Sold 82.2% 76.1% 8.0%
Total Raised £26,362,100 £20,520,000 28.5%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 83 54 53.7%
Lots Sold 69 38 81.6%
Percent Sold 83.1% 70.4% 18.0%
Total Raised £14,803,200 £5,660,500 161.5%


East Midlands

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 702 742 -5.4%
Lots Sold 547 534 2.4%
Percent Sold 77.9% 72% 8.2%
Total Raised £65,883,900 £60,217,800 9.4%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 580 604 -4.0%
Lots Sold 454 440 3.2%
Percent Sold 78.3% 72.8% 7.6%
Total Raised £47,933,900 £45,477,800 5.4%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 122 138 -11.6%
Lots Sold 93 94 -1.1%
Percent Sold 76.2% 68.1% 11.9%
Total Raised £17,950,000 £14,740,000 21.8%


London

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 805 701 14.8%
Lots Sold 657 604 8.8%
Percent Sold 81.6% 86.2% -5.3%
Total Raised £273,478,800 £204,012,350 34.1%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 745 626 19.0%
Lots Sold 604 539 12.1%
Percent Sold 81.1% 86.1% -5.8%
Total Raised £232,079,800 £171,136,850 35.6%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 60 75 -20.0%
Lots Sold 53 65 -18.5%
Percent Sold 88.3% 86.7% 1.8%
Total Raised £41,399,000 £32,875,500 25.9%


North-East

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 896 871 2.9%
Lots Sold 641 658 -2.6%
Percent Sold 71.5% 75.5% -5.3%
Total Raised £49,291,110 £51,976,260 -5.2%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 808 794 1.8%
Lots Sold 583 595 -2.0%
Percent Sold 72.2% 74.9% -3.6%
Total Raised £40,943,720 £42,863,510 -4.5%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 88 77 14.3%
Lots Sold 58 63 -7.9%
Percent Sold 65.9% 81.8% -19.4%
Total Raised £8,347,390 £9,112,750 -8.4%


North-West

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 1,553 1,656 -6.2%
Lots Sold 1,153 1,259 -8.4%
Percent Sold 74.2% 76% -2.4%
Total Raised £106,750,697 £109,668,535 -2.7%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 1,216 1,324 -8.2%
Lots Sold 920 1,003 -8.3%
Percent Sold 75.7% 75.8% -0.1%
Total Raised £68,431,187 £74,368,200 -8.0%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 337 332 1.5%
Lots Sold 233 256 -9.0%
Percent Sold 69.1% 77.1% -10.4%
Total Raised £38,319,510 £35,300,335 8.6%


North-West Home Counties

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 323 296 9.1%
Lots Sold 270 226 19.5%
Percent Sold 83.6% 76.4% 9.4%
Total Raised £78,329,700 £60,116,400 30.3%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 252 229 10.0%
Lots Sold 211 173 22.0%
Percent Sold 83.7% 75.5% 10.9%
Total Raised £53,389,700 £34,731,600 53.7%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 71 67 6.0%
Lots Sold 59 53 11.3%
Percent Sold 83.1% 79.1% 5.1%
Total Raised £24,940,000 £25,384,800 -1.8%


Northern Ireland

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 368 164 124.4%
Lots Sold 270 116 132.8%
Percent Sold 73.4% 70.7% 3.8%
Total Raised £18,706,000 £6,016,900 210.9%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 327 144 127.1%
Lots Sold 241 100 141.0%
Percent Sold 73.7% 69.4% 6.2%
Total Raised £15,980,500 £4,837,400 230.4%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 41 20 105.0%
Lots Sold 29 16 81.3%
Percent Sold 70.7% 80% -11.6%
Total Raised £2,725,500 £1,179,500 131.1%


Scotland

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 236 306 -22.9%
Lots Sold 136 163 -16.6%
Percent Sold 57.6% 53.3% 8.1%
Total Raised £8,420,710 £12,300,144 -31.5%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 190 251 -24.3%
Lots Sold 105 131 -19.8%
Percent Sold 55.3% 52.2% 5.9%
Total Raised £5,480,210 £9,664,688 -43.3%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 46 55 -16.4%
Lots Sold 31 32 -3.1%
Percent Sold 67.4% 58.2% 15.8%
Total Raised £2,940,500 £2,635,456 11.6%


South-East Home Counties

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 856 844 1.4%
Lots Sold 699 677 3.2%
Percent Sold 81.7% 80.2% 1.9%
Total Raised £139,501,550 £128,857,767 8.3%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 702 684 2.6%
Lots Sold 575 548 4.9%
Percent Sold 81.9% 80.1% 2.2%
Total Raised £97,909,650 £84,822,068 15.4%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 154 160 -3.8%
Lots Sold 124 129 -3.9%
Percent Sold 80.5% 80.6% -0.1%
Total Raised £41,591,900 £44,035,699 -5.5%


South-West

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 642 739 -13.1%
Lots Sold 513 547 -6.2%
Percent Sold 79.9% 74% 8.0%
Total Raised £91,094,780 £80,684,852 12.9%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 467 551 -15.2%
Lots Sold 366 398 -8.0%
Percent Sold 78.4% 72.2% 8.6%
Total Raised £64,838,450 £56,846,900 14.1%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 175 188 -6.9%
Lots Sold 147 149 -1.3%
Percent Sold 84% 79.3% 5.9%
Total Raised £26,256,330 £23,837,952 10.1%


Wales

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 556 598 -7.0%
Lots Sold 407 448 -9.2%
Percent Sold 73.2% 74.9% -2.3%
Total Raised £35,946,145 £39,155,800 -8.2%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 416 441 -5.7%
Lots Sold 310 341 -9.1%
Percent Sold 74.5% 77.3% -3.6%
Total Raised £21,933,145 £27,422,600 -20.0%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 140 157 -10.8%
Lots Sold 97 107 -9.3%
Percent Sold 69.3% 68.2% 1.6%
Total Raised £14,013,000 £11,733,200 19.4%


West Midlands

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 1,020 861 18.5%
Lots Sold 806 677 19.1%
Percent Sold 79% 78.6% 0.5%
Total Raised £87,893,604 £73,969,903 18.8%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 856 706 21.2%
Lots Sold 690 563 22.6%
Percent Sold 80.6% 79.7% 1.1%
Total Raised £67,018,604 £55,333,403 21.1%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 164 155 5.8%
Lots Sold 116 114 1.8%
Percent Sold 70.7% 73.5% -3.8%
Total Raised £20,875,000 £18,636,500 12.0%


Yorkshire and The Humber

Total
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 824 897 -8.1%
Lots Sold 624 651 -4.1%
Percent Sold 75.7% 72.6% 4.3%
Total Raised £60,837,891 £58,194,700 4.5%


Residential
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 680 742 -8.4%
Lots Sold 520 534 -2.6%
Percent Sold 76.5% 72% 6.3%
Total Raised £44,093,091 £45,235,700 -2.5%


Commercial
April 2014 - June 2014 April 2013 - June 2013 Increase
Lots Offered 144 155 -7.1%
Lots Sold 104 117 -11.1%
Percent Sold 72.2% 75.5% -4.4%
Total Raised £16,744,800 £12,959,000 29.2%


Your Comments

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