Auction Data for April 2014


Essential Auction News

David Sandeman, Managing Director Welcome to the May newsletter that looks back at auction activity in April and preceding periods. Following last month's record-breaking figures, the market consolidated in May with modest gains made in lots offerd and lots sold of 2.9% and 3.2% respectively and a comparable 72% sale rate.

The amount raised at auction continues to swell as the hammer fell on £238.5M worth of property - up 9.8% on May 2013, whilst the rolling quarterly and yearly figures show substantial gains in revenues of 21% and 14% over their respective periods last year.

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

As mentioned above, last month I reported on record breaking figures due in part to a major London residential auction house holding their Spring sale in March this year compared with April last year. Therefore I was anticipating a slight downturn in this month's residential figures, however it is pleasing to see gains made in every aspect of the residential market when compared with last year.

The commercial market enjoyed another very positive month, with a 16% increase in lots offered and a 12% increase in lots sold. In fact the sustained growth seen in this sector over the last 6-12 months is highlighted within the rolling quarterly and rolling yearly figures, as double-digit increases were made in both lots sold and total raised.

Total

Last Month Last Quarter Last Year
April 2014 April 2013 Increase February 2014 - April 2014 February 2013 - April 2013 Increase May 2013 - April 2014 May 2012 - April 2013 Increase
Lots Offered 2,818 2,738 2.9% 9,758 9,178 6.3% 34,734 34,021 2.1%
Lots Sold 2,030 1,968 3.2% 7,458 6,931 7.6% 26,827 25,464 5.4%
Percent Sold 72% 71.9% 0.1% 76.4% 75.5% 1.2% 77.2% 74.8% 3.2%
Total Raised £238,451,721 £217,079,627 9.8% £1,142,468,119 £942,998,608 21.2% £3,986,232,112 £3,490,219,263 14.2%

Residential

Last Month Last Quarter Last Year
April 2014 April 2013 Increase February 2014 - April 2014 February 2013 - April 2013 Increase May 2013 - April 2014 May 2012 - April 2013 Increase
Lots Offered 2,384 2,365 0.8% 7,898 7,506 5.2% 27,932 27,696 0.9%
Lots Sold 1,740 1,708 1.9% 6,045 5,720 5.7% 21,560 20,795 3.7%
Percent Sold 73% 72.2% 1.1% 76.5% 76.2% 0.4% 77.2% 75.1% 2.8%
Total Raised £201,798,561 £191,393,275 5.4% £821,435,261 £691,723,805 18.8% £2,789,978,535 £2,477,646,926 12.6%

Commercial

Last Month Last Quarter Last Year
April 2014 April 2013 Increase February 2014 - April 2014 February 2013 - April 2013 Increase May 2013 - April 2014 May 2012 - April 2013 Increase
Lots Offered 434 373 16.4% 1,860 1,672 11.2% 6,802 6,325 7.5%
Lots Sold 290 260 11.5% 1,413 1,211 16.7% 5,267 4,669 12.8%
Percent Sold 66.8% 69.7% -4.2% 76% 72.4% 5.0% 77.4% 73.8% 4.9%
Total Raised £36,653,160 £25,686,352 42.7% £321,032,858 £251,274,803 27.8% £1,196,253,577 £1,012,572,337 18.1%


Regional Auction Analysis

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

East Anglia

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 286 251 13.9%
Lots Sold 235 196 19.9%
Percent Sold 82.2% 78.1% 5.2%
Total Raised £39,886,555 £29,385,250 35.7%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 207 205 1.0%
Lots Sold 166 160 3.8%
Percent Sold 80.2% 78% 2.8%
Total Raised £24,143,555 £19,523,750 23.7%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 79 46 71.7%
Lots Sold 69 36 91.7%
Percent Sold 87.3% 78.3% 11.5%
Total Raised £15,743,000 £9,861,500 59.6%


East Midlands

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 737 694 6.2%
Lots Sold 575 528 8.9%
Percent Sold 78% 76.1% 2.5%
Total Raised £66,472,043 £55,193,050 20.4%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 620 575 7.8%
Lots Sold 489 439 11.4%
Percent Sold 78.9% 76.3% 3.4%
Total Raised £49,861,993 £41,647,050 19.7%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 117 119 -1.7%
Lots Sold 86 89 -3.4%
Percent Sold 73.5% 74.8% -1.7%
Total Raised £16,610,050 £13,546,000 22.6%


London

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 896 829 8.1%
Lots Sold 785 717 9.5%
Percent Sold 87.6% 86.5% 1.3%
Total Raised £312,486,370 £244,116,143 28.0%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 814 751 8.4%
Lots Sold 708 653 8.4%
Percent Sold 87% 87% 0.0%
Total Raised £259,339,270 £200,341,143 29.4%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 82 78 5.1%
Lots Sold 77 64 20.3%
Percent Sold 93.9% 82.1% 14.4%
Total Raised £53,147,100 £43,775,000 21.4%


North-East

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 971 909 6.8%
Lots Sold 674 671 0.4%
Percent Sold 69.4% 73.8% -6.0%
Total Raised £56,820,889 £52,710,560 7.8%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 869 832 4.4%
Lots Sold 604 620 -2.6%
Percent Sold 69.5% 74.5% -6.7%
Total Raised £43,501,639 £45,775,360 -5.0%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 102 77 32.5%
Lots Sold 70 51 37.3%
Percent Sold 68.6% 66.2% 3.6%
Total Raised £13,319,250 £6,935,200 92.1%


North-West

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 1,802 1,659 8.6%
Lots Sold 1,290 1,241 3.9%
Percent Sold 71.6% 74.8% -4.3%
Total Raised £110,932,510 £104,217,712 6.4%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 1,389 1,291 7.6%
Lots Sold 1,020 978 4.3%
Percent Sold 73.4% 75.8% -3.2%
Total Raised £73,059,150 £68,189,867 7.1%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 413 368 12.2%
Lots Sold 270 263 2.7%
Percent Sold 65.4% 71.5% -8.5%
Total Raised £37,873,360 £36,027,845 5.1%


North-West Home Counties

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 351 310 13.2%
Lots Sold 293 254 15.4%
Percent Sold 83.5% 81.9% 2.0%
Total Raised £89,070,525 £58,164,450 53.1%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 253 239 5.9%
Lots Sold 208 196 6.1%
Percent Sold 82.2% 82% 0.2%
Total Raised £49,782,550 £39,621,250 25.6%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 98 71 38.0%
Lots Sold 85 58 46.6%
Percent Sold 86.7% 81.7% 6.1%
Total Raised £39,287,975 £18,543,200 111.9%


Northern Ireland

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 358 283 26.5%
Lots Sold 241 201 19.9%
Percent Sold 67.3% 71% -5.2%
Total Raised £17,248,550 £10,166,700 69.7%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 317 272 16.5%
Lots Sold 211 196 7.7%
Percent Sold 66.6% 72.1% -7.6%
Total Raised £15,039,550 £9,581,700 57.0%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 41 11 272.7%
Lots Sold 30 5 500.0%
Percent Sold 73.2% 45.5% 60.9%
Total Raised £2,209,000 £585,000 277.6%


Scotland

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 231 342 -32.5%
Lots Sold 133 180 -26.1%
Percent Sold 57.6% 52.6% 9.5%
Total Raised £19,581,949 £14,982,650 30.7%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 170 276 -38.4%
Lots Sold 90 144 -37.5%
Percent Sold 52.9% 52.2% 1.3%
Total Raised £4,850,849 £9,838,100 -50.7%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 61 66 -7.6%
Lots Sold 43 36 19.4%
Percent Sold 70.5% 54.5% 29.4%
Total Raised £14,731,100 £5,144,550 186.3%


South-East Home Counties

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 1,030 947 8.8%
Lots Sold 856 749 14.3%
Percent Sold 83.1% 79.1% 5.1%
Total Raised £159,496,025 £139,974,885 13.9%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 841 742 13.3%
Lots Sold 702 597 17.6%
Percent Sold 83.5% 80.5% 3.7%
Total Raised £117,401,725 £87,078,135 34.8%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 189 205 -7.8%
Lots Sold 154 152 1.3%
Percent Sold 81.5% 74.1% 10.0%
Total Raised £42,094,300 £52,896,750 -20.4%


South-West

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 600 628 -4.5%
Lots Sold 473 458 3.3%
Percent Sold 78.8% 72.9% 8.1%
Total Raised £77,590,939 £62,318,958 24.5%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 406 473 -14.2%
Lots Sold 316 341 -7.3%
Percent Sold 77.8% 72.1% 7.9%
Total Raised £50,892,289 £49,083,450 3.7%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 194 155 25.2%
Lots Sold 157 117 34.2%
Percent Sold 80.9% 75.5% 7.2%
Total Raised £26,698,650 £13,235,508 101.7%


Wales

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 559 554 0.9%
Lots Sold 422 407 3.7%
Percent Sold 75.5% 73.5% 2.7%
Total Raised £37,248,900 £41,150,900 -9.5%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 417 400 4.3%
Lots Sold 309 299 3.3%
Percent Sold 74.1% 74.8% -0.9%
Total Raised £23,413,300 £24,345,100 -3.8%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 142 154 -7.8%
Lots Sold 113 108 4.6%
Percent Sold 79.6% 70.1% 13.6%
Total Raised £13,835,600 £16,805,800 -17.7%


West Midlands

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 892 796 12.1%
Lots Sold 691 602 14.8%
Percent Sold 77.5% 75.6% 2.5%
Total Raised £77,334,100 £66,123,000 17.0%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 760 629 20.8%
Lots Sold 590 479 23.2%
Percent Sold 77.6% 76.2% 1.8%
Total Raised £58,560,150 £46,644,550 25.5%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 132 167 -21.0%
Lots Sold 101 123 -17.9%
Percent Sold 76.5% 73.7% 3.8%
Total Raised £18,773,950 £19,478,450 -3.6%


Yorkshire and The Humber

Total
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 1,045 976 7.1%
Lots Sold 790 727 8.7%
Percent Sold 75.6% 74.5% 1.5%
Total Raised £78,298,764 £64,494,350 21.4%


Residential
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 835 821 1.7%
Lots Sold 632 618 2.3%
Percent Sold 75.7% 75.3% 0.5%
Total Raised £51,589,241 £50,054,350 3.1%


Commercial
February 2014 - April 2014 February 2013 - April 2013 Increase
Lots Offered 210 155 35.5%
Lots Sold 158 109 45.0%
Percent Sold 75.2% 70.3% 7.0%
Total Raised £26,709,523 £14,440,000 85.0%


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.