Auction Data for July 2015


Essential Auction News

David Sandeman, Managing Director Welcome to the August newsletter that looks back at auction activity in July and preceding periods. There was a slight dip in the volume of lots offered at auction last month, down 5% on July 2014 to 4,007 lots, whilst lots sold was largely comparable to last year with the gavel falling on 3,080 lots.

The market attained a very healthy sale rate of 76.9%, up 6.5% on last year, and the total value of property sold at auction increased by almost 10% to £592.2M.

We are now in one of the quieter periods in the auction calendar so I do hope you are enjoying the summer break. As ever I would welcome any feedback you have regarding the newsletter or the wider market in general.

Kind regards

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

National Auction Analysis

The slight reduction in lots offered last month was evident in both the residential sector (down 5%) and the commercial sector (down 6%), but both achieved sale rates in the high-seventies which shows that there remains a high demand for auction property.

Sales in the residential market were marginally down on last year, yet a 12.3% jump in the amount raised is evidence of a continuation of rising property prices. In the commercial market the volume of lots sold was up almost 6% on July 2014 to 629 lots, and I am pleased to report that this extends a run of 5 consecutive months in which commercial auction sales have increased on their corresponding month in the previous year. Long may this run continue!

Total

Last Month Last Quarter Last Year
July 2015 July 2014 Increase May 2015 - July 2015 May 2014 - July 2014 Increase August 2014 - July 2015 August 2013 - July 2014 Increase
Lots Offered 4,007 4,239 -5.5% 9,617 10,523 -8.6% 33,879 35,101 -3.5%
Lots Sold 3,080 3,062 0.6% 7,403 7,940 -6.8% 25,811 27,157 -5.0%
Percent Sold 76.9% 72.2% 6.5% 77% 75.5% 2.0% 76.2% 77.4% -1.6%
Total Raised £592,207,679 £539,239,280 9.8% £1,363,989,780 £1,355,809,035 0.6% £4,297,355,947 £4,187,900,588 2.6%

Residential

Last Month Last Quarter Last Year
July 2015 July 2014 Increase May 2015 - July 2015 May 2014 - July 2014 Increase August 2014 - July 2015 August 2013 - July 2014 Increase
Lots Offered 3,210 3,388 -5.3% 7,652 8,492 -9.9% 27,330 28,378 -3.7%
Lots Sold 2,451 2,467 -0.6% 5,852 6,438 -9.1% 20,681 21,969 -5.9%
Percent Sold 76.4% 72.8% 4.9% 76.5% 75.8% 0.9% 75.7% 77.4% -2.2%
Total Raised £383,802,029 £341,860,650 12.3% £927,488,588 £924,626,805 0.3% £3,011,476,131 £2,916,259,218 3.3%

Commercial

Last Month Last Quarter Last Year
July 2015 July 2014 Increase May 2015 - July 2015 May 2014 - July 2014 Increase August 2014 - July 2015 August 2013 - July 2014 Increase
Lots Offered 797 851 -6.3% 1,965 2,031 -3.2% 6,549 6,723 -2.6%
Lots Sold 629 595 5.7% 1,551 1,502 3.3% 5,130 5,188 -1.1%
Percent Sold 78.9% 69.9% 12.9% 78.9% 74% 6.6% 78.3% 77.2% 1.4%
Total Raised £208,405,650 £197,378,630 5.6% £436,501,192 £431,182,230 1.2% £1,285,879,816 £1,271,641,370 1.1%


Regional Auction Analysis

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

East Anglia

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 312 393 -20.6%
Lots Sold 250 326 -23.3%
Percent Sold 80.1% 83% -3.5%
Total Raised £39,215,200 £46,951,800 -16.5%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 232 303 -23.4%
Lots Sold 180 254 -29.1%
Percent Sold 77.6% 83.8% -7.4%
Total Raised £26,338,200 £27,405,600 -3.9%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 80 90 -11.1%
Lots Sold 70 72 -2.8%
Percent Sold 87.5% 80% 9.4%
Total Raised £12,877,000 £19,546,200 -34.1%


East Midlands

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 812 809 0.4%
Lots Sold 642 607 5.8%
Percent Sold 79.1% 75% 5.5%
Total Raised £84,231,353 £76,770,109 9.7%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 646 656 -1.5%
Lots Sold 496 501 -1.0%
Percent Sold 76.8% 76.4% 0.5%
Total Raised £55,862,502 £55,199,359 1.2%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 166 153 8.5%
Lots Sold 146 106 37.7%
Percent Sold 88% 69.3% 27.0%
Total Raised £28,368,851 £21,570,750 31.5%


London

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 898 1,036 -13.3%
Lots Sold 758 826 -8.2%
Percent Sold 84.4% 79.7% 5.9%
Total Raised £335,361,800 £367,518,300 -8.7%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 813 925 -12.1%
Lots Sold 681 729 -6.6%
Percent Sold 83.8% 78.8% 6.3%
Total Raised £278,101,300 £282,327,200 -1.5%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 85 111 -23.4%
Lots Sold 77 97 -20.6%
Percent Sold 90.6% 87.4% 3.7%
Total Raised £57,260,500 £85,191,100 -32.8%


North-East

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 866 924 -6.3%
Lots Sold 592 657 -9.9%
Percent Sold 68.4% 71.1% -3.8%
Total Raised £56,249,887 £53,328,690 5.5%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 787 839 -6.2%
Lots Sold 526 595 -11.6%
Percent Sold 66.8% 70.9% -5.8%
Total Raised £38,461,787 £42,085,300 -8.6%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 79 85 -7.1%
Lots Sold 66 62 6.5%
Percent Sold 83.5% 72.9% 14.5%
Total Raised £17,788,100 £11,243,390 58.2%


North-West

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 1,442 1,513 -4.7%
Lots Sold 1,088 1,076 1.1%
Percent Sold 75.5% 71.1% 6.2%
Total Raised £124,688,582 £116,393,497 7.1%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 1,171 1,179 -0.7%
Lots Sold 899 848 6.0%
Percent Sold 76.8% 71.9% 6.8%
Total Raised £76,307,172 £67,865,317 12.4%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 271 334 -18.9%
Lots Sold 189 228 -17.1%
Percent Sold 69.7% 68.3% 2.0%
Total Raised £48,381,410 £48,528,180 -0.3%


North-West Home Counties

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 367 430 -14.7%
Lots Sold 310 351 -11.7%
Percent Sold 84.5% 81.6% 3.6%
Total Raised £110,318,300 £114,676,750 -3.8%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 259 313 -17.3%
Lots Sold 221 255 -13.3%
Percent Sold 85.3% 81.5% 4.7%
Total Raised £63,117,000 £69,070,850 -8.6%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 108 117 -7.7%
Lots Sold 89 96 -7.3%
Percent Sold 82.4% 82.1% 0.4%
Total Raised £47,201,300 £45,605,900 3.5%


Northern Ireland

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 292 288 1.4%
Lots Sold 167 231 -27.7%
Percent Sold 57.2% 80.2% -28.7%
Total Raised £11,538,700 £16,015,600 -28.0%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 236 250 -5.6%
Lots Sold 132 201 -34.3%
Percent Sold 55.9% 80.4% -30.5%
Total Raised £8,660,700 £13,266,100 -34.7%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 56 38 47.4%
Lots Sold 35 30 16.7%
Percent Sold 62.5% 78.9% -20.8%
Total Raised £2,878,000 £2,749,500 4.7%


Scotland

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 282 282 0.0%
Lots Sold 176 150 17.3%
Percent Sold 62.4% 53.2% 17.3%
Total Raised £21,131,356 £10,352,360 104.1%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 182 223 -18.4%
Lots Sold 103 115 -10.4%
Percent Sold 56.6% 51.6% 9.7%
Total Raised £6,030,155 £6,033,360 -0.1%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 100 59 69.5%
Lots Sold 73 35 108.6%
Percent Sold 73% 59.3% 23.1%
Total Raised £15,101,201 £4,319,000 249.6%


South-East Home Counties

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 1,279 1,157 10.5%
Lots Sold 1,036 938 10.4%
Percent Sold 81% 81.1% -0.1%
Total Raised £239,680,750 £198,164,371 21.0%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 1,009 926 9.0%
Lots Sold 817 751 8.8%
Percent Sold 81% 81.1% -0.1%
Total Raised £160,102,650 £130,958,071 22.3%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 270 231 16.9%
Lots Sold 219 187 17.1%
Percent Sold 81.1% 81% 0.1%
Total Raised £79,578,100 £67,206,300 18.4%


South-West

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 758 800 -5.3%
Lots Sold 587 616 -4.7%
Percent Sold 77.4% 77% 0.5%
Total Raised £119,221,651 £123,660,660 -3.6%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 566 575 -1.6%
Lots Sold 430 434 -0.9%
Percent Sold 76% 75.5% 0.7%
Total Raised £86,277,651 £77,123,050 11.9%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 192 225 -14.7%
Lots Sold 157 182 -13.7%
Percent Sold 81.8% 80.9% 1.1%
Total Raised £32,944,000 £46,537,610 -29.2%


Wales

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 648 725 -10.6%
Lots Sold 505 533 -5.3%
Percent Sold 77.9% 73.5% 6.0%
Total Raised £50,349,699 £48,142,794 4.6%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 435 536 -18.8%
Lots Sold 349 402 -13.2%
Percent Sold 80.2% 75% 6.9%
Total Raised £28,606,669 £29,836,794 -4.1%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 213 189 12.7%
Lots Sold 156 131 19.1%
Percent Sold 73.2% 69.3% 5.6%
Total Raised £21,743,030 £18,306,000 18.8%


West Midlands

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 858 1,199 -28.4%
Lots Sold 676 935 -27.7%
Percent Sold 78.8% 78% 1.0%
Total Raised £92,062,000 £110,935,004 -17.0%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 671 973 -31.0%
Lots Sold 529 776 -31.8%
Percent Sold 78.8% 79.8% -1.3%
Total Raised £56,272,400 £76,287,754 -26.2%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 187 226 -17.3%
Lots Sold 147 159 -7.5%
Percent Sold 78.6% 70.4% 11.6%
Total Raised £35,789,600 £34,647,250 3.3%


Yorkshire and The Humber

Total
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 803 967 -17.0%
Lots Sold 616 694 -11.2%
Percent Sold 76.7% 71.8% 6.8%
Total Raised £79,940,502 £72,899,100 9.7%


Residential
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 645 794 -18.8%
Lots Sold 489 577 -15.3%
Percent Sold 75.8% 72.7% 4.3%
Total Raised £43,350,402 £47,168,050 -8.1%


Commercial
May 2015 - July 2015 May 2014 - July 2014 Increase
Lots Offered 158 173 -8.7%
Lots Sold 127 117 8.5%
Percent Sold 80.4% 67.6% 18.9%
Total Raised £36,590,100 £25,731,050 42.2%


Your Comments

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