Auction Data for October 2014

Essential Auction News

David Sandeman, Managing Director Welcome to the November newsletter that looks back at auction activity in October and preceding periods. Overall lots offered was largely unchanged from October 2013 (up 0.4% to 3,987 lots), but the number of lots sold fell by 5.2% to 2,904 lots. The 72.8% sale rate is synonymous with rates achieved in the past few months, and despite being several points lower than last year it remains comparative to the long-term average.

Looking forward, we are fast approaching one of the busiest periods in the auction calendar and I hope to be able to report on a strong finish to the year. As ever I would welcome any comments or feedback you may have regarding the newsletter of 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 the volume of lots offered was comparative to last year, however both sectors witnessed a fall in auction sales. This was more hard-felt in the residential market (-6.1% compared with -2.1% in commercial), but both sectors still managed to achieve healthy sale rates of 72% and 75.6% respectively.

Auction revenues remain strong, particularly in the residential sector, as gains of between 12% and 15% are evident in figures for the month, rolling quarter and rolling year.

Total

Last Month Last Quarter Last Year
October 2014 October 2013 Increase August 2014 - October 2014 August 2013 - October 2013 Increase November 2013 - October 2014 November 2012 - October 2013 Increase
Lots Offered 3,987 3,972 0.4% 8,919 8,687 2.7% 35,302 34,501 2.3%
Lots Sold 2,904 3,064 -5.2% 6,423 6,617 -2.9% 26,837 26,481 1.3%
Percent Sold 72.8% 77.1% -5.6% 72% 76.2% -5.5% 76% 76.8% -1.0%
Total Raised £542,278,962 £493,011,005 10.0% £1,002,948,498 £916,574,637 9.4% £4,254,951,655 £3,753,268,220 13.4%

Residential

Last Month Last Quarter Last Year
October 2014 October 2013 Increase August 2014 - October 2014 August 2013 - October 2013 Increase November 2013 - October 2014 November 2012 - October 2013 Increase
Lots Offered 3,078 3,075 0.1% 7,393 7,111 4.0% 28,660 27,991 2.4%
Lots Sold 2,217 2,362 -6.1% 5,323 5,393 -1.3% 21,813 21,500 1.5%
Percent Sold 72% 76.8% -6.3% 72% 75.8% -5.0% 76.1% 76.8% -0.9%
Total Raised £342,254,931 £298,236,195 14.8% £751,401,415 £666,155,157 12.8% £2,992,353,132 £2,670,277,670 12.1%

Commercial

Last Month Last Quarter Last Year
October 2014 October 2013 Increase August 2014 - October 2014 August 2013 - October 2013 Increase November 2013 - October 2014 November 2012 - October 2013 Increase
Lots Offered 909 897 1.3% 1,526 1,576 -3.2% 6,642 6,510 2.0%
Lots Sold 687 702 -2.1% 1,100 1,224 -10.1% 5,024 4,981 0.9%
Percent Sold 75.6% 78.3% -3.4% 72.1% 77.7% -7.2% 75.6% 76.5% -1.2%
Total Raised £200,024,031 £194,774,810 2.7% £251,547,083 £250,419,480 0.5% £1,262,598,523 £1,082,990,550 16.6%


Regional Auction Analysis

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

East Anglia

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 288 279 3.2%
Lots Sold 222 230 -3.5%
Percent Sold 77.1% 82.4% -6.4%
Total Raised £33,914,950 £29,474,500 15.1%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 231 194 19.1%
Lots Sold 178 153 16.3%
Percent Sold 77.1% 78.9% -2.3%
Total Raised £25,894,950 £18,478,600 40.1%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 57 85 -32.9%
Lots Sold 44 77 -42.9%
Percent Sold 77.2% 90.6% -14.8%
Total Raised £8,020,000 £10,995,900 -27.1%


East Midlands

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 751 674 11.4%
Lots Sold 551 501 10.0%
Percent Sold 73.4% 74.3% -1.2%
Total Raised £64,673,754 £54,347,950 19.0%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 633 549 15.3%
Lots Sold 465 406 14.5%
Percent Sold 73.5% 74% -0.7%
Total Raised £47,011,754 £41,784,650 12.5%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 118 125 -5.6%
Lots Sold 86 95 -9.5%
Percent Sold 72.9% 76% -4.1%
Total Raised £17,662,000 £12,563,300 40.6%


London

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 726 649 11.9%
Lots Sold 555 554 0.2%
Percent Sold 76.4% 85.4% -10.5%
Total Raised £244,786,349 £191,613,000 27.8%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 686 583 17.7%
Lots Sold 525 502 4.6%
Percent Sold 76.5% 86.1% -11.1%
Total Raised £219,511,849 £165,453,000 32.7%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 40 66 -39.4%
Lots Sold 30 52 -42.3%
Percent Sold 75% 78.8% -4.8%
Total Raised £25,274,500 £26,160,000 -3.4%


North-East

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 833 927 -10.1%
Lots Sold 581 683 -14.9%
Percent Sold 69.7% 73.7% -5.4%
Total Raised £47,892,475 £59,999,999 -20.2%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 768 843 -8.9%
Lots Sold 539 619 -12.9%
Percent Sold 70.2% 73.4% -4.4%
Total Raised £39,595,725 £49,749,499 -20.4%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 65 84 -22.6%
Lots Sold 42 64 -34.4%
Percent Sold 64.6% 76.2% -15.2%
Total Raised £8,296,750 £10,250,500 -19.1%


North-West

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 1,430 1,424 0.4%
Lots Sold 967 1,086 -11.0%
Percent Sold 67.6% 76.3% -11.4%
Total Raised £88,329,787 £100,643,816 -12.2%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 1,117 1,146 -2.5%
Lots Sold 755 875 -13.7%
Percent Sold 67.6% 76.4% -11.5%
Total Raised £60,394,511 £66,928,076 -9.8%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 313 278 12.6%
Lots Sold 212 211 0.5%
Percent Sold 67.7% 75.9% -10.8%
Total Raised £27,935,276 £33,715,740 -17.1%


North-West Home Counties

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 313 323 -3.1%
Lots Sold 249 263 -5.3%
Percent Sold 79.6% 81.4% -2.2%
Total Raised £72,081,127 £59,055,161 22.1%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 249 254 -2.0%
Lots Sold 191 206 -7.3%
Percent Sold 76.7% 81.1% -5.4%
Total Raised £41,463,627 £37,866,111 9.5%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 64 69 -7.2%
Lots Sold 58 57 1.8%
Percent Sold 90.6% 82.6% 9.7%
Total Raised £30,617,500 £21,189,050 44.5%


Northern Ireland

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 301 325 -7.4%
Lots Sold 179 200 -10.5%
Percent Sold 59.5% 61.5% -3.3%
Total Raised £11,275,550 £10,543,102 6.9%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 281 307 -8.5%
Lots Sold 170 192 -11.5%
Percent Sold 60.5% 62.5% -3.2%
Total Raised £10,477,550 £9,477,602 10.6%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 20 18 11.1%
Lots Sold 9 8 12.5%
Percent Sold 45% 44.4% 1.4%
Total Raised £798,000 £1,065,500 -25.1%


Scotland

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 296 358 -17.3%
Lots Sold 154 184 -16.3%
Percent Sold 52% 51.4% 1.2%
Total Raised £10,930,505 £10,515,825 3.9%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 246 295 -16.6%
Lots Sold 126 146 -13.7%
Percent Sold 51.2% 49.5% 3.4%
Total Raised £6,301,505 £6,289,475 0.2%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 50 63 -20.6%
Lots Sold 28 38 -26.3%
Percent Sold 56% 60.3% -7.1%
Total Raised £4,629,000 £4,226,350 9.5%


South-East Home Counties

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 872 821 6.2%
Lots Sold 686 656 4.6%
Percent Sold 78.7% 79.9% -1.5%
Total Raised £152,687,053 £139,065,495 9.8%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 694 633 9.6%
Lots Sold 547 508 7.7%
Percent Sold 78.8% 80.3% -1.9%
Total Raised £106,332,698 £84,564,045 25.7%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 178 188 -5.3%
Lots Sold 139 148 -6.1%
Percent Sold 78.1% 78.7% -0.8%
Total Raised £46,354,355 £54,501,450 -14.9%


South-West

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 660 578 14.2%
Lots Sold 494 460 7.4%
Percent Sold 74.8% 79.6% -6.0%
Total Raised £89,796,349 £78,387,300 14.6%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 479 414 15.7%
Lots Sold 346 318 8.8%
Percent Sold 72.2% 76.8% -6.0%
Total Raised £58,582,849 £55,152,050 6.2%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 181 164 10.4%
Lots Sold 148 142 4.2%
Percent Sold 81.8% 86.6% -5.5%
Total Raised £31,213,500 £23,235,250 34.3%


Wales

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 618 572 8.0%
Lots Sold 450 447 0.7%
Percent Sold 72.8% 78.1% -6.8%
Total Raised £43,538,474 £37,842,300 15.1%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 471 445 5.8%
Lots Sold 337 347 -2.9%
Percent Sold 71.5% 78% -8.3%
Total Raised £27,238,973 £29,290,950 -7.0%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 147 127 15.7%
Lots Sold 113 100 13.0%
Percent Sold 76.9% 78.7% -2.3%
Total Raised £16,299,501 £8,551,350 90.6%


West Midlands

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 955 915 4.4%
Lots Sold 710 730 -2.7%
Percent Sold 74.3% 79.8% -6.9%
Total Raised £79,427,926 £89,208,725 -11.0%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 793 751 5.6%
Lots Sold 596 601 -0.8%
Percent Sold 75.2% 80% -6.0%
Total Raised £59,466,225 £59,634,725 -0.3%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 162 164 -1.2%
Lots Sold 114 129 -11.6%
Percent Sold 70.4% 78.7% -10.5%
Total Raised £19,961,701 £29,574,000 -32.5%


Yorkshire and The Humber

Total
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 876 842 4.0%
Lots Sold 625 623 0.3%
Percent Sold 71.3% 74% -3.6%
Total Raised £63,614,199 £55,877,464 13.8%


Residential
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 745 697 6.9%
Lots Sold 548 520 5.4%
Percent Sold 73.6% 74.6% -1.3%
Total Raised £49,129,199 £41,486,374 18.4%


Commercial
August 2014 - October 2014 August 2013 - October 2013 Increase
Lots Offered 131 145 -9.7%
Lots Sold 77 103 -25.2%
Percent Sold 58.8% 71% -17.2%
Total Raised £14,485,000 £14,391,090 0.7%


Your Comments

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