Essential Auction News
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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. ![]() 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
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. |