Auction Data for February 2014


Essential Auction News

David Sandeman, Managing Director Welcome to the March newsletter that looks back at auction activity in February and preceding periods. The property auction market performed strongly in February, with a 78.2% sale rate and 2% gains made in lots offered and lots sold. The total raised from auction sales continued its upward curve, as £494.2m worth of property was sold (up 11% on February 2013), whilst the rolling quarterly figures show an even bigger gain in this regard as over £1bn was raised - up over 16% from the previous year.

I look forward to any comments you may have regarding the newsletter or the property auction market.

Kind regards

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

National Auction Analysis

Positive figures are prevalent across both the residential and commercial sectors, aside from a slight dip in the residential percent sold for February (down 1% to 78.2%). The largest increases are seen, unsurprisingly, in the total raised figures, highlighted by the 15% rise achieved in the residential market during February alone (up to £355.8m from £309.3m).

The commercial market also fared well in February, with lots sold up 9% to 662 lots and a healthy 78.3% sale rate (up from 73% last year). It has been a productive 3-month period for commercial auctions, as the rolling quarterly figures show a 12% rise in lots offered and an 18% rise in lots sold.

Total

Last Month Last Quarter Last Year
February 2014 February 2013 Increase December 2013 - February 2014 December 2012 - February 2013 Increase March 2013 - February 2014 March 2012 - February 2013 Increase
Lots Offered 4,037 3,965 1.8% 8,086 7,867 2.8% 34,226 34,118 0.3%
Lots Sold 3,157 3,086 2.3% 6,293 5,995 5.0% 26,492 25,641 3.3%
Percent Sold 78.2% 77.8% 0.5% 77.8% 76.2% 2.1% 77.4% 75.2% 2.9%
Total Raised £494,218,537 £445,455,076 10.9% £1,008,858,739 £867,911,383 16.2% £3,857,109,526 £3,501,273,334 10.2%

Residential

Last Month Last Quarter Last Year
February 2014 February 2013 Increase December 2013 - February 2014 December 2012 - February 2013 Increase March 2013 - February 2014 March 2012 - February 2013 Increase
Lots Offered 3,191 3,135 1.8% 6,363 6,331 0.5% 27,593 27,753 -0.6%
Lots Sold 2,495 2,480 0.6% 4,956 4,870 1.8% 21,359 20,932 2.0%
Percent Sold 78.2% 79.1% -1.1% 77.9% 76.9% 1.3% 77.4% 75.4% 2.7%
Total Raised £355,867,772 £309,334,000 15.0% £683,324,247 £592,402,164 15.3% £2,719,241,540 £2,479,247,174 9.7%

Commercial

Last Month Last Quarter Last Year
February 2014 February 2013 Increase December 2013 - February 2014 December 2012 - February 2013 Increase March 2013 - February 2014 March 2012 - February 2013 Increase
Lots Offered 846 830 1.9% 1,723 1,536 12.2% 6,633 6,365 4.2%
Lots Sold 662 606 9.2% 1,337 1,125 18.8% 5,133 4,709 9.0%
Percent Sold 78.3% 73% 7.3% 77.6% 73.2% 6.0% 77.4% 74% 4.6%
Total Raised £138,350,765 £136,121,076 1.6% £325,534,492 £275,509,219 18.2% £1,137,867,986 £1,022,026,160 11.3%


Regional Auction Analysis

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

East Anglia

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 269 228 18.0%
Lots Sold 221 181 22.1%
Percent Sold 82.2% 79.4% 3.5%
Total Raised £38,621,554 £28,438,745 35.8%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 185 189 -2.1%
Lots Sold 154 148 4.1%
Percent Sold 83.2% 78.3% 6.3%
Total Raised £21,112,355 £17,701,245 19.3%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 84 39 115.4%
Lots Sold 67 33 103.0%
Percent Sold 79.8% 84.6% -5.7%
Total Raised £17,509,199 £10,737,500 63.1%


East Midlands

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 599 628 -4.6%
Lots Sold 473 484 -2.3%
Percent Sold 79% 77.1% 2.5%
Total Raised £58,153,502 £52,045,250 11.7%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 494 528 -6.4%
Lots Sold 392 411 -4.6%
Percent Sold 79.4% 77.8% 2.1%
Total Raised £39,101,242 £35,478,000 10.2%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 105 100 5.0%
Lots Sold 81 73 11.0%
Percent Sold 77.1% 73% 5.6%
Total Raised £19,052,260 £16,567,250 15.0%


London

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 841 815 3.2%
Lots Sold 738 706 4.5%
Percent Sold 87.8% 86.6% 1.4%
Total Raised £269,429,320 £238,359,008 13.0%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 742 722 2.8%
Lots Sold 646 632 2.2%
Percent Sold 87.1% 87.5% -0.5%
Total Raised £221,025,220 £196,284,008 12.6%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 99 93 6.5%
Lots Sold 92 74 24.3%
Percent Sold 92.9% 79.6% 16.7%
Total Raised £48,404,100 £42,075,000 15.0%


North-East

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 871 922 -5.5%
Lots Sold 633 683 -7.3%
Percent Sold 72.7% 74.1% -1.9%
Total Raised £58,064,494 £50,960,820 13.9%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 791 853 -7.3%
Lots Sold 569 641 -11.2%
Percent Sold 71.9% 75.1% -4.3%
Total Raised £44,484,244 £45,095,320 -1.4%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 80 69 15.9%
Lots Sold 64 42 52.4%
Percent Sold 80% 60.9% 31.4%
Total Raised £13,580,250 £5,865,500 131.5%


North-West

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 1,298 1,424 -8.8%
Lots Sold 947 1,051 -9.9%
Percent Sold 73% 73.8% -1.1%
Total Raised £91,586,755 £86,586,340 5.8%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 940 1,108 -15.2%
Lots Sold 696 839 -17.0%
Percent Sold 74% 75.7% -2.2%
Total Raised £54,477,800 £56,527,267 -3.6%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 358 316 13.3%
Lots Sold 251 212 18.4%
Percent Sold 70.1% 67.1% 4.5%
Total Raised £37,108,955 £30,059,073 23.5%


North-West Home Counties

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 340 304 11.8%
Lots Sold 264 245 7.8%
Percent Sold 77.6% 80.6% -3.7%
Total Raised £79,654,450 £75,040,090 6.1%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 243 222 9.5%
Lots Sold 196 176 11.4%
Percent Sold 80.7% 79.3% 1.8%
Total Raised £48,831,750 £34,903,390 39.9%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 97 82 18.3%
Lots Sold 68 69 -1.4%
Percent Sold 70.1% 84.1% -16.6%
Total Raised £30,822,700 £40,136,700 -23.2%


Northern Ireland

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 190 228 -16.7%
Lots Sold 132 168 -21.4%
Percent Sold 69.5% 73.7% -5.7%
Total Raised £8,563,750 £7,559,150 13.3%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 181 222 -18.5%
Lots Sold 129 165 -21.8%
Percent Sold 71.3% 74.3% -4.0%
Total Raised £8,026,250 £7,364,150 9.0%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 9 6 50.0%
Lots Sold 3 3 0.0%
Percent Sold 33.3% 50% -33.4%
Total Raised £537,500 £195,000 175.6%


Scotland

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 188 240 -21.7%
Lots Sold 112 111 0.9%
Percent Sold 59.6% 46.3% 28.7%
Total Raised £11,137,133 £9,394,500 18.5%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 138 186 -25.8%
Lots Sold 77 80 -3.8%
Percent Sold 55.8% 43% 29.8%
Total Raised £4,600,333 £3,989,650 15.3%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 50 54 -7.4%
Lots Sold 35 31 12.9%
Percent Sold 70% 57.4% 22.0%
Total Raised £6,536,800 £5,404,850 20.9%


South-East Home Counties

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 927 877 5.7%
Lots Sold 795 707 12.4%
Percent Sold 85.8% 80.6% 6.5%
Total Raised £166,829,490 £134,998,811 23.6%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 676 635 6.5%
Lots Sold 583 516 13.0%
Percent Sold 86.2% 81.3% 6.0%
Total Raised £96,737,475 £73,625,311 31.4%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 251 242 3.7%
Lots Sold 212 191 11.0%
Percent Sold 84.5% 78.9% 7.1%
Total Raised £70,092,015 £61,373,500 14.2%


South-West

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 446 402 10.9%
Lots Sold 326 296 10.1%
Percent Sold 73.1% 73.6% -0.7%
Total Raised £57,338,140 £43,720,756 31.1%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 326 286 14.0%
Lots Sold 233 205 13.7%
Percent Sold 71.5% 71.7% -0.3%
Total Raised £35,731,140 £27,831,700 28.4%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 120 116 3.4%
Lots Sold 93 91 2.2%
Percent Sold 77.5% 78.4% -1.1%
Total Raised £21,607,000 £15,889,056 36.0%


Wales

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 402 412 -2.4%
Lots Sold 323 303 6.6%
Percent Sold 80.3% 73.5% 9.3%
Total Raised £26,786,716 £25,466,900 5.2%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 286 271 5.5%
Lots Sold 227 197 15.2%
Percent Sold 79.4% 72.7% 9.2%
Total Raised £15,515,903 £15,611,800 -0.6%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 116 141 -17.7%
Lots Sold 96 106 -9.4%
Percent Sold 82.8% 75.2% 10.1%
Total Raised £11,270,813 £9,855,100 14.4%


West Midlands

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 805 638 26.2%
Lots Sold 653 496 31.7%
Percent Sold 81.1% 77.7% 4.4%
Total Raised £73,741,055 £59,535,573 23.9%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 638 498 28.1%
Lots Sold 516 392 31.6%
Percent Sold 80.9% 78.7% 2.8%
Total Raised £51,039,605 £36,776,633 38.8%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 167 140 19.3%
Lots Sold 137 104 31.7%
Percent Sold 82% 74.3% 10.4%
Total Raised £22,701,450 £22,758,940 -0.3%


Yorkshire and The Humber

Total
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 910 749 21.5%
Lots Sold 676 564 19.9%
Percent Sold 74.3% 75.3% -1.3%
Total Raised £68,952,380 £55,805,440 23.6%


Residential
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 723 611 18.3%
Lots Sold 538 468 15.0%
Percent Sold 74.4% 76.6% -2.9%
Total Raised £42,640,930 £41,213,690 3.5%


Commercial
December 2013 - February 2014 December 2012 - February 2013 Increase
Lots Offered 187 138 35.5%
Lots Sold 138 96 43.8%
Percent Sold 73.8% 69.6% 6.0%
Total Raised £26,311,450 £14,591,750 80.3%


Your Comments

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