Auction Data for September 2014

Essential Auction News

David Sandeman, Managing Director Welcome to the October newsletter that looks back at property auction activity in September and preceding periods. There were 205 UK property auctions held during September - the highest number recorded since September 2011. Figures show that monthly lots offered was up 7.6% on September last year to 4,027 lots, mainly due to another strong showing in the residential market.

Lots sold increased by a more modest 1.5% whilst the total amount raised at UK auctions saw yet another double-digit percentage rise to £394.7M (up (10.9%). Sizeable gains were also made in the quarterly and yearly figures, with lots offered increasing by 6% and 4% respectively whilst total revenues grew by 11% and 16% respectively. Our historic data also shows that the 6,603 lots sold in Q3 is the highest number recorded in the third quarter since our records began in 1991, narrowly surpassing the 6,602 lots sold in Q3 2007 (see graph below).

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

Total lots sold and total raised at auction in Q3


Kind regards

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

National Auction Analysis

Despite a small dip in the sale rate, the residential market continued its upward trend with gains made in every other measurable metric. Notably, residential lots offered was up 10.9% in September to just shy of 3,500 lots, whilst the quarterly and yearly figures display equally strong gains of 8% and 4.5% respectively.

The commercial market experienced a challenging month, with lots offered and lots sold falling by 9.7% and 21.7% respectively. Figures for the rolling year remain positive, however, as lots offered and lots sold both saw increases of over 2% whilst total revenues have grown by over 19% in the past 12 months to £1.27bn.

Total

Last Month Last Quarter Last Year
September 2014 September 2013 Increase July 2014 - September 2014 July 2013 - September 2013 Increase October 2013 - September 2014 October 2012 - September 2013 Increase
Lots Offered 4,027 3,741 7.6% 9,168 8,637 6.1% 35,281 33,897 4.1%
Lots Sold 2,879 2,837 1.5% 6,603 6,512 1.4% 27,057 25,883 4.5%
Percent Sold 71.5% 75.8% -5.7% 72% 75.4% -4.5% 76.7% 76.4% 0.4%
Total Raised £394,709,886 £355,776,898 10.9% £995,005,017 £894,885,697 11.2% £4,214,845,598 £3,642,663,262 15.7%

Residential

Last Month Last Quarter Last Year
September 2014 September 2013 Increase July 2014 - September 2014 July 2013 - September 2013 Increase October 2013 - September 2014 October 2012 - September 2013 Increase
Lots Offered 3,487 3,143 10.9% 7,698 7,129 8.0% 28,647 27,405 4.5%
Lots Sold 2,519 2,377 6.0% 5,588 5,376 3.9% 22,000 20,953 5.0%
Percent Sold 72.2% 75.6% -4.5% 72.6% 75.4% -3.7% 76.8% 76.5% 0.4%
Total Raised £350,301,834 £306,812,828 14.2% £744,759,835 £695,009,428 7.2% £2,947,941,046 £2,580,064,049 14.3%

Commercial

Last Month Last Quarter Last Year
September 2014 September 2013 Increase July 2014 - September 2014 July 2013 - September 2013 Increase October 2013 - September 2014 October 2012 - September 2013 Increase
Lots Offered 540 598 -9.7% 1,470 1,508 -2.5% 6,634 6,492 2.2%
Lots Sold 360 460 -21.7% 1,015 1,136 -10.7% 5,057 4,930 2.6%
Percent Sold 66.7% 76.9% -13.3% 69% 75.3% -8.4% 76.2% 75.9% 0.4%
Total Raised £44,408,052 £48,964,070 -9.3% £250,245,182 £199,876,269 25.2% £1,266,904,552 £1,062,599,213 19.2%


Regional Auction Analysis

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

East Anglia

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 318 260 22.3%
Lots Sold 256 205 24.9%
Percent Sold 80.5% 78.8% 2.2%
Total Raised £30,839,950 £27,769,450 11.1%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 265 191 38.7%
Lots Sold 219 149 47.0%
Percent Sold 82.6% 78% 5.9%
Total Raised £23,975,700 £18,147,550 32.1%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 53 69 -23.2%
Lots Sold 37 56 -33.9%
Percent Sold 69.8% 81.2% -14.0%
Total Raised £6,864,250 £9,621,900 -28.7%


East Midlands

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 797 714 11.6%
Lots Sold 590 536 10.1%
Percent Sold 74% 75.1% -1.5%
Total Raised £65,049,799 £56,734,900 14.7%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 680 592 14.9%
Lots Sold 512 447 14.5%
Percent Sold 75.3% 75.5% -0.3%
Total Raised £54,495,549 £42,642,600 27.8%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 117 122 -4.1%
Lots Sold 78 89 -12.4%
Percent Sold 66.7% 73% -8.6%
Total Raised £10,554,250 £14,092,300 -25.1%


London

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 731 686 6.6%
Lots Sold 570 584 -2.4%
Percent Sold 78% 85.1% -8.3%
Total Raised £245,332,799 £211,412,225 16.0%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 663 620 6.9%
Lots Sold 512 528 -3.0%
Percent Sold 77.2% 85.2% -9.4%
Total Raised £195,051,699 £183,550,475 6.3%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 68 66 3.0%
Lots Sold 58 56 3.6%
Percent Sold 85.3% 84.8% 0.6%
Total Raised £50,281,100 £27,861,750 80.5%


North-East

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 897 875 2.5%
Lots Sold 601 641 -6.2%
Percent Sold 67% 73.3% -8.6%
Total Raised £45,574,550 £53,889,569 -15.4%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 838 811 3.3%
Lots Sold 566 594 -4.7%
Percent Sold 67.5% 73.2% -7.8%
Total Raised £40,820,050 £48,215,070 -15.3%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 59 64 -7.8%
Lots Sold 35 47 -25.5%
Percent Sold 59.3% 73.4% -19.2%
Total Raised £4,754,500 £5,674,499 -16.2%


North-West

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 1,464 1,356 8.0%
Lots Sold 1,017 1,034 -1.6%
Percent Sold 69.5% 76.3% -8.9%
Total Raised £98,463,525 £90,296,485 9.0%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 1,146 1,086 5.5%
Lots Sold 804 836 -3.8%
Percent Sold 70.2% 77% -8.8%
Total Raised £62,683,545 £66,749,755 -6.1%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 318 270 17.8%
Lots Sold 213 198 7.6%
Percent Sold 67% 73.3% -8.6%
Total Raised £35,779,980 £23,546,730 52.0%


North-West Home Counties

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 292 302 -3.3%
Lots Sold 233 248 -6.0%
Percent Sold 79.8% 82.1% -2.8%
Total Raised £71,614,500 £58,303,111 22.8%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 226 245 -7.8%
Lots Sold 178 200 -11.0%
Percent Sold 78.8% 81.6% -3.4%
Total Raised £43,344,500 £43,482,261 -0.3%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 66 57 15.8%
Lots Sold 55 48 14.6%
Percent Sold 83.3% 84.2% -1.1%
Total Raised £28,270,000 £14,820,850 90.7%


Northern Ireland

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 216 210 2.9%
Lots Sold 128 136 -5.9%
Percent Sold 59.3% 64.8% -8.5%
Total Raised £7,803,050 £6,604,602 18.1%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 202 204 -1.0%
Lots Sold 123 135 -8.9%
Percent Sold 60.9% 66.2% -8.0%
Total Raised £7,310,050 £6,568,602 11.3%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 14 6 133.3%
Lots Sold 5 1 400.0%
Percent Sold 35.7% 16.7% 113.8%
Total Raised £493,000 £36,000 1,269.4%


Scotland

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 287 301 -4.7%
Lots Sold 140 147 -4.8%
Percent Sold 48.8% 48.8% 0.0%
Total Raised £8,047,000 £8,622,326 -6.7%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 240 250 -4.0%
Lots Sold 118 120 -1.7%
Percent Sold 49.2% 48% 2.5%
Total Raised £5,637,100 £5,157,826 9.3%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 47 51 -7.8%
Lots Sold 22 27 -18.5%
Percent Sold 46.8% 52.9% -11.5%
Total Raised £2,409,900 £3,464,500 -30.4%


South-East Home Counties

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 902 845 6.7%
Lots Sold 713 659 8.2%
Percent Sold 79% 78% 1.3%
Total Raised £146,532,096 £122,231,900 19.9%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 767 663 15.7%
Lots Sold 606 518 17.0%
Percent Sold 79% 78.1% 1.2%
Total Raised £109,567,196 £90,517,700 21.0%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 135 182 -25.8%
Lots Sold 107 141 -24.1%
Percent Sold 79.3% 77.5% 2.3%
Total Raised £36,964,900 £31,714,200 16.6%


South-West

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 713 586 21.7%
Lots Sold 515 470 9.6%
Percent Sold 72.2% 80.2% -10.0%
Total Raised £95,560,299 £78,367,050 21.9%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 538 425 26.6%
Lots Sold 377 333 13.2%
Percent Sold 70.1% 78.4% -10.6%
Total Raised £65,747,999 £57,276,800 14.8%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 175 161 8.7%
Lots Sold 138 137 0.7%
Percent Sold 78.9% 85.1% -7.3%
Total Raised £29,812,300 £21,090,250 41.4%


Wales

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 574 548 4.7%
Lots Sold 401 431 -7.0%
Percent Sold 69.9% 78.6% -11.1%
Total Raised £33,920,073 £36,236,200 -6.4%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 453 426 6.3%
Lots Sold 319 337 -5.3%
Percent Sold 70.4% 79.1% -11.0%
Total Raised £25,371,572 £26,971,850 -5.9%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 121 122 -0.8%
Lots Sold 82 94 -12.8%
Percent Sold 67.8% 77% -11.9%
Total Raised £8,548,501 £9,264,350 -7.7%


West Midlands

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 1,046 882 18.6%
Lots Sold 773 667 15.9%
Percent Sold 73.9% 75.6% -2.2%
Total Raised £82,817,226 £77,368,475 7.0%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 879 705 24.7%
Lots Sold 665 537 23.8%
Percent Sold 75.7% 76.2% -0.7%
Total Raised £62,472,475 £56,739,375 10.1%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 167 177 -5.6%
Lots Sold 108 130 -16.9%
Percent Sold 64.7% 73.4% -11.9%
Total Raised £20,344,751 £20,629,100 -1.4%


Yorkshire and The Humber

Total
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 931 1,072 -13.2%
Lots Sold 666 754 -11.7%
Percent Sold 71.5% 70.3% 1.7%
Total Raised £63,450,150 £67,049,404 -5.4%


Residential
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 801 911 -12.1%
Lots Sold 589 642 -8.3%
Percent Sold 73.5% 70.5% 4.3%
Total Raised £48,282,400 £48,989,564 -1.4%


Commercial
July 2014 - September 2014 July 2013 - September 2013 Increase
Lots Offered 130 161 -19.3%
Lots Sold 77 112 -31.3%
Percent Sold 59.2% 69.6% -14.9%
Total Raised £15,167,750 £18,059,840 -16.0%


Your Comments

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