Essential Auction News
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Welcome to the June newsletter that looks back at auction activity in May and preceding periods. The monthly volume of lots offered (3,319) and lots sold (2,543) was near-identical to May 2013, yet the total raised increased by 11.7% to £471.9M. Figures show even larger gains made in the rolling quarterly and yearly periods - more on this below.
Next month I will be publishing a half-year market report, assessing the current state of the auction market and comparing against the open market. A link to the review will be sent out in the next newsletter so do look out for that. As ever I would welcome any comments or feedback you 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 residential auction market performed slightly better than the commercial market in May, as figures below show a 3% rise in residential auction sales compared with a 10% fall in commercial sales. That notwithstanding, the total revenues earned in both markets continues to swell. The rolling quarterly figures show residential amounts raised were up a massive £128M on the same period last year - a 20% rise, whilst the commercial market fared better still with a 27% rise - up £70M to £336.8M. |
Total
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| May 2014 | May 2013 | Increase | March 2014 - May 2014 | March 2013 - May 2013 | Increase | June 2013 - May 2014 | June 2012 - May 2013 | Increase | |
| Lots Offered | 3,319 | 3,326 | -0.2% | 9,049 | 8,549 | 5.8% | 34,762 | 33,528 | 3.7% |
| Lots Sold | 2,543 | 2,537 | 0.2% | 6,842 | 6,369 | 7.4% | 26,747 | 25,210 | 6.1% |
| Percent Sold | 76.6% | 76.3% | 0.4% | 75.6% | 74.5% | 1.5% | 76.9% | 75.2% | 2.3% |
| Total Raised | £471,929,704 | £422,450,870 | 11.7% | £1,115,768,416 | £916,504,718 | 21.7% | £3,996,993,047 | £3,467,372,863 | 15.3% |
Residential
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| May 2014 | May 2013 | Increase | March 2014 - May 2014 | March 2013 - May 2013 | Increase | June 2013 - May 2014 | June 2012 - May 2013 | Increase | |
| Lots Offered | 2,618 | 2,574 | 1.7% | 7,333 | 6,955 | 5.4% | 28,016 | 27,256 | 2.8% |
| Lots Sold | 2,024 | 1,959 | 3.3% | 5,578 | 5,195 | 7.4% | 21,583 | 20,559 | 5.0% |
| Percent Sold | 77.3% | 76.1% | 1.6% | 76.1% | 74.7% | 1.9% | 77% | 75.4% | 2.1% |
| Total Raised | £315,874,814 | £269,720,264 | 17.1% | £778,925,933 | £650,126,360 | 19.8% | £2,829,114,185 | £2,464,244,901 | 14.8% |
Commercial
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| May 2014 | May 2013 | Increase | March 2014 - May 2014 | March 2013 - May 2013 | Increase | June 2013 - May 2014 | June 2012 - May 2013 | Increase | |
| Lots Offered | 701 | 752 | -6.8% | 1,716 | 1,594 | 7.7% | 6,746 | 6,272 | 7.6% |
| Lots Sold | 519 | 578 | -10.2% | 1,264 | 1,174 | 7.7% | 5,164 | 4,651 | 11.0% |
| Percent Sold | 74% | 76.9% | -3.8% | 73.7% | 73.7% | 0.0% | 76.5% | 74.2% | 3.1% |
| Total Raised | £156,054,890 | £152,730,606 | 2.2% | £336,842,483 | £266,378,358 | 26.5% | £1,167,878,862 | £1,003,127,962 | 16.4% |
Regional Auction Analysis
| As is usually the case, variations across all the measurable parameters can be seen across the regions. |
East Anglia
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 284 | 258 | 10.1% |
| Lots Sold | 232 | 203 | 14.3% |
| Percent Sold | 81.7% | 78.7% | 3.8% |
| Total Raised | £39,201,250 | £29,339,000 | 33.6% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 206 | 198 | 4.0% |
| Lots Sold | 167 | 159 | 5.0% |
| Percent Sold | 81.1% | 80.3% | 1.0% |
| Total Raised | £23,881,050 | £20,535,500 | 16.3% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 78 | 60 | 30.0% |
| Lots Sold | 65 | 44 | 47.7% |
| Percent Sold | 83.3% | 73.3% | 13.6% |
| Total Raised | £15,320,200 | £8,803,500 | 74.0% |
East Midlands
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 757 | 680 | 11.3% |
| Lots Sold | 565 | 490 | 15.3% |
| Percent Sold | 74.6% | 72.1% | 3.5% |
| Total Raised | £63,680,700 | £54,129,850 | 17.6% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 626 | 549 | 14.0% |
| Lots Sold | 474 | 403 | 17.6% |
| Percent Sold | 75.7% | 73.4% | 3.1% |
| Total Raised | £47,302,150 | £41,182,350 | 14.9% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 131 | 131 | 0.0% |
| Lots Sold | 91 | 87 | 4.6% |
| Percent Sold | 69.5% | 66.4% | 4.7% |
| Total Raised | £16,378,550 | £12,947,500 | 26.5% |
London
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 810 | 735 | 10.2% |
| Lots Sold | 708 | 632 | 12.0% |
| Percent Sold | 87.4% | 86% | 1.6% |
| Total Raised | £319,372,800 | £217,659,469 | 46.7% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 731 | 646 | 13.2% |
| Lots Sold | 639 | 555 | 15.1% |
| Percent Sold | 87.4% | 85.9% | 1.7% |
| Total Raised | £258,123,300 | £177,140,969 | 45.7% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 79 | 89 | -11.2% |
| Lots Sold | 69 | 77 | -10.4% |
| Percent Sold | 87.3% | 86.5% | 0.9% |
| Total Raised | £61,249,500 | £40,518,500 | 51.2% |
North-East
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 941 | 898 | 4.8% |
| Lots Sold | 653 | 655 | -0.3% |
| Percent Sold | 69.4% | 72.9% | -4.8% |
| Total Raised | £51,070,410 | £52,862,830 | -3.4% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 846 | 810 | 4.4% |
| Lots Sold | 589 | 587 | 0.3% |
| Percent Sold | 69.6% | 72.5% | -4.0% |
| Total Raised | £41,590,520 | £43,374,880 | -4.1% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 95 | 88 | 8.0% |
| Lots Sold | 64 | 68 | -5.9% |
| Percent Sold | 67.4% | 77.3% | -12.8% |
| Total Raised | £9,479,890 | £9,487,950 | -0.1% |
North-West
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 1,488 | 1,216 | 22.4% |
| Lots Sold | 1,063 | 873 | 21.8% |
| Percent Sold | 71.4% | 71.8% | -0.6% |
| Total Raised | £100,222,460 | £84,322,950 | 18.9% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 1,196 | 979 | 22.2% |
| Lots Sold | 869 | 700 | 24.1% |
| Percent Sold | 72.7% | 71.5% | 1.7% |
| Total Raised | £63,187,150 | £52,925,850 | 19.4% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 292 | 237 | 23.2% |
| Lots Sold | 194 | 173 | 12.1% |
| Percent Sold | 66.4% | 73% | -9.0% |
| Total Raised | £37,035,310 | £31,397,100 | 18.0% |
North-West Home Counties
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 371 | 310 | 19.7% |
| Lots Sold | 312 | 247 | 26.3% |
| Percent Sold | 84.1% | 79.7% | 5.5% |
| Total Raised | £99,030,325 | £66,121,100 | 49.8% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 260 | 226 | 15.0% |
| Lots Sold | 219 | 182 | 20.3% |
| Percent Sold | 84.2% | 80.5% | 4.6% |
| Total Raised | £53,305,300 | £39,680,600 | 34.3% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 111 | 84 | 32.1% |
| Lots Sold | 93 | 65 | 43.1% |
| Percent Sold | 83.8% | 77.4% | 8.3% |
| Total Raised | £45,725,025 | £26,440,500 | 72.9% |
Northern Ireland
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 256 | 229 | 11.8% |
| Lots Sold | 184 | 161 | 14.3% |
| Percent Sold | 71.9% | 70.3% | 2.3% |
| Total Raised | £13,244,800 | £8,266,150 | 60.2% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 222 | 217 | 2.3% |
| Lots Sold | 156 | 155 | 0.6% |
| Percent Sold | 70.3% | 71.4% | -1.5% |
| Total Raised | £11,078,300 | £7,642,650 | 45.0% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 34 | 12 | 183.3% |
| Lots Sold | 28 | 6 | 366.7% |
| Percent Sold | 82.4% | 50% | 64.8% |
| Total Raised | £2,166,500 | £623,500 | 247.5% |
Scotland
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 280 | 316 | -11.4% |
| Lots Sold | 164 | 168 | -2.4% |
| Percent Sold | 58.6% | 53.2% | 10.2% |
| Total Raised | £20,472,109 | £14,925,976 | 37.2% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 238 | 273 | -12.8% |
| Lots Sold | 138 | 148 | -6.8% |
| Percent Sold | 58% | 54.2% | 7.0% |
| Total Raised | £8,027,309 | £10,571,520 | -24.1% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 42 | 43 | -2.3% |
| Lots Sold | 26 | 20 | 30.0% |
| Percent Sold | 61.9% | 46.5% | 33.1% |
| Total Raised | £12,444,800 | £4,354,456 | 185.8% |
South-East Home Counties
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 928 | 956 | -2.9% |
| Lots Sold | 750 | 745 | 0.7% |
| Percent Sold | 80.8% | 77.9% | 3.7% |
| Total Raised | £148,717,335 | £146,574,228 | 1.5% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 740 | 760 | -2.6% |
| Lots Sold | 605 | 595 | 1.7% |
| Percent Sold | 81.8% | 78.3% | 4.5% |
| Total Raised | £102,779,900 | £87,183,278 | 17.9% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 188 | 196 | -4.1% |
| Lots Sold | 145 | 150 | -3.3% |
| Percent Sold | 77.1% | 76.5% | 0.8% |
| Total Raised | £45,937,435 | £59,390,950 | -22.7% |
South-West
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 596 | 643 | -7.3% |
| Lots Sold | 473 | 469 | 0.9% |
| Percent Sold | 79.4% | 72.9% | 8.9% |
| Total Raised | £76,440,849 | £70,589,702 | 8.3% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 391 | 471 | -17.0% |
| Lots Sold | 312 | 334 | -6.6% |
| Percent Sold | 79.8% | 70.9% | 12.6% |
| Total Raised | £47,048,949 | £47,695,250 | -1.4% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 205 | 172 | 19.2% |
| Lots Sold | 161 | 135 | 19.3% |
| Percent Sold | 78.5% | 78.5% | 0.0% |
| Total Raised | £29,391,900 | £22,894,452 | 28.4% |
Wales
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 572 | 611 | -6.4% |
| Lots Sold | 416 | 461 | -9.8% |
| Percent Sold | 72.7% | 75.5% | -3.7% |
| Total Raised | £38,782,200 | £49,203,700 | -21.2% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 415 | 442 | -6.1% |
| Lots Sold | 304 | 335 | -9.3% |
| Percent Sold | 73.3% | 75.8% | -3.3% |
| Total Raised | £22,934,200 | £28,850,750 | -20.5% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 157 | 169 | -7.1% |
| Lots Sold | 112 | 126 | -11.1% |
| Percent Sold | 71.3% | 74.6% | -4.4% |
| Total Raised | £15,848,000 | £20,352,950 | -22.1% |
West Midlands
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 953 | 902 | 5.7% |
| Lots Sold | 728 | 698 | 4.3% |
| Percent Sold | 76.4% | 77.4% | -1.3% |
| Total Raised | £83,096,704 | £73,868,203 | 12.5% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 802 | 728 | 10.2% |
| Lots Sold | 620 | 573 | 8.2% |
| Percent Sold | 77.3% | 78.7% | -1.8% |
| Total Raised | £59,888,704 | £55,028,703 | 8.8% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 151 | 174 | -13.2% |
| Lots Sold | 108 | 125 | -13.6% |
| Percent Sold | 71.5% | 71.8% | -0.4% |
| Total Raised | £23,208,000 | £18,839,500 | 23.2% |
Yorkshire and The Humber
| Total | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 813 | 795 | 2.3% |
| Lots Sold | 594 | 567 | 4.8% |
| Percent Sold | 73.1% | 71.3% | 2.5% |
| Total Raised | £62,436,474 | £48,641,560 | 28.4% |
| Residential | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 660 | 656 | 0.6% |
| Lots Sold | 486 | 469 | 3.6% |
| Percent Sold | 73.6% | 71.5% | 2.9% |
| Total Raised | £39,779,101 | £38,314,060 | 3.8% |
| Commercial | |||
|---|---|---|---|
| March 2014 - May 2014 | March 2013 - May 2013 | Increase | |
| Lots Offered | 153 | 139 | 10.1% |
| Lots Sold | 108 | 98 | 10.2% |
| Percent Sold | 70.6% | 70.5% | 0.1% |
| Total Raised | £22,657,373 | £10,327,500 | 119.4% |
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. |