Auction Data for January 2015

Essential Auction News

David Sandeman, Managing Director Welcome to the February newsletter that looks back at auction activity in January and preceding periods. January is often the quietest month in the auction calendar, and this is reflected in the figures as only 508 lots were offered across 21 UK property auctions (down 6% on January 2014). There was little change in the number of lots sold however the amount raised increased slightly, by 3.1% to £33.9M.

This year we are expecting a rise in the number of properties being offered and sold via online auction. The innovative method of sale, which sees properties listed online and allows interested parties to place bids in a secure, eBay-style arena, provides vendors with an alternative, flexible route to market whilst buyers enjoy longer transactional timescales and a less-pressurised enviornment in which to secure property.

As ever I would 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

As mentioned above, January's figures do not really provide an accurate barometer of the market's health due to the small number of auctions held. The rolling quarterly figures, which report on auctions held between November and January, show a marginal fall in residential sales (down 2.6%) yet a sizeable gain in residential receipts (up 7.1%). The commercial market fared less well during the same period, with falls in lots offered (down 11.5%) and lots sold (down 8.3%), whilst commercial receipts totalled £209.3M - a 3% reduction on the same period last year.

There will be a full quota of auctions in February which will provide us with a better indication of the strength of the market.

Total

Last Month Last Quarter Last Year
January 2015 January 2014 Increase November 2014 - January 2015 November 2013 - January 2014 Increase February 2014 - January 2015 February 2013 - January 2014 Increase
Lots Offered 508 541 -6.1% 5,975 6,095 -2.0% 34,977 34,148 2.4%
Lots Sold 365 371 -1.6% 4,459 4,632 -3.7% 26,879 26,557 1.2%
Percent Sold 71.9% 68.6% 4.8% 74.6% 76% -1.8% 76.8% 77.8% -1.3%
Total Raised £33,906,989 £32,894,488 3.1% £697,409,746 £672,068,707 3.8% £4,378,724,099 £3,835,822,602 14.2%

Residential

Last Month Last Quarter Last Year
January 2015 January 2014 Increase November 2014 - January 2015 November 2013 - January 2014 Increase February 2014 - January 2015 February 2013 - January 2014 Increase
Lots Offered 465 492 -5.5% 4,894 4,874 0.4% 28,501 27,524 3.5%
Lots Sold 338 339 -0.3% 3,618 3,715 -2.6% 21,844 21,429 1.9%
Percent Sold 72.7% 68.9% 5.5% 73.9% 76.2% -3.0% 76.6% 77.9% -1.7%
Total Raised £30,263,989 £29,670,488 2.0% £488,153,175 £455,797,830 7.1% £3,057,863,012 £2,681,900,605 14.0%

Commercial

Last Month Last Quarter Last Year
January 2015 January 2014 Increase November 2014 - January 2015 November 2013 - January 2014 Increase February 2014 - January 2015 February 2013 - January 2014 Increase
Lots Offered 43 49 -12.2% 1,081 1,221 -11.5% 6,476 6,624 -2.2%
Lots Sold 27 32 -15.6% 841 917 -8.3% 5,035 5,128 -1.8%
Percent Sold 62.8% 65.3% -3.8% 77.8% 75.1% 3.6% 77.7% 77.4% 0.4%
Total Raised £3,643,000 £3,224,000 13.0% £209,256,571 £216,270,877 -3.2% £1,320,861,087 £1,153,921,997 14.5%


Regional Auction Analysis

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

East Anglia

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 188 200 -6.0%
Lots Sold 147 152 -3.3%
Percent Sold 78.2% 76% 2.9%
Total Raised £25,103,250 £25,654,399 -2.1%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 152 146 4.1%
Lots Sold 120 113 6.2%
Percent Sold 78.9% 77.4% 1.9%
Total Raised £16,463,750 £16,196,000 1.7%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 36 54 -33.3%
Lots Sold 27 39 -30.8%
Percent Sold 75% 72.2% 3.9%
Total Raised £8,639,500 £9,458,399 -8.7%


East Midlands

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 546 505 8.1%
Lots Sold 417 389 7.2%
Percent Sold 76.4% 77% -0.8%
Total Raised £52,686,214 £48,512,909 8.6%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 437 406 7.6%
Lots Sold 326 310 5.2%
Percent Sold 74.6% 76.4% -2.4%
Total Raised £35,821,164 £31,080,199 15.3%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 109 99 10.1%
Lots Sold 91 79 15.2%
Percent Sold 83.5% 79.8% 4.6%
Total Raised £16,865,050 £17,432,710 -3.3%


London

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 427 472 -9.5%
Lots Sold 343 424 -19.1%
Percent Sold 80.3% 89.8% -10.6%
Total Raised £145,740,000 £149,862,500 -2.8%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 386 407 -5.2%
Lots Sold 305 367 -16.9%
Percent Sold 79% 90.2% -12.4%
Total Raised £126,400,000 £120,375,500 5.0%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 41 65 -36.9%
Lots Sold 38 57 -33.3%
Percent Sold 92.7% 87.7% 5.7%
Total Raised £19,340,000 £29,487,000 -34.4%


North-East

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 650 674 -3.6%
Lots Sold 467 497 -6.0%
Percent Sold 71.8% 73.7% -2.6%
Total Raised £36,769,950 £42,120,915 -12.7%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 588 621 -5.3%
Lots Sold 418 456 -8.3%
Percent Sold 71.1% 73.4% -3.1%
Total Raised £28,139,700 £34,996,415 -19.6%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 62 53 17.0%
Lots Sold 49 41 19.5%
Percent Sold 79% 77.4% 2.1%
Total Raised £8,630,250 £7,124,500 21.1%


North-West

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 771 901 -14.4%
Lots Sold 576 680 -15.3%
Percent Sold 74.7% 75.5% -1.1%
Total Raised £62,327,485 £65,761,340 -5.2%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 613 700 -12.4%
Lots Sold 462 532 -13.2%
Percent Sold 75.4% 76% -0.8%
Total Raised £39,453,864 £40,792,385 -3.3%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 158 201 -21.4%
Lots Sold 114 148 -23.0%
Percent Sold 72.2% 73.6% -1.9%
Total Raised £22,873,621 £24,968,955 -8.4%


North-West Home Counties

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 219 226 -3.1%
Lots Sold 168 172 -2.3%
Percent Sold 76.7% 76.1% 0.8%
Total Raised £61,892,150 £51,360,000 20.5%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 164 165 -0.6%
Lots Sold 122 134 -9.0%
Percent Sold 74.4% 81.2% -8.4%
Total Raised £34,791,500 £30,309,500 14.8%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 55 61 -9.8%
Lots Sold 46 38 21.1%
Percent Sold 83.6% 62.3% 34.2%
Total Raised £27,100,650 £21,050,500 28.7%


Northern Ireland

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 258 158 63.3%
Lots Sold 193 120 60.8%
Percent Sold 74.8% 75.9% -1.4%
Total Raised £13,823,550 £7,533,250 83.5%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 212 129 64.3%
Lots Sold 153 97 57.7%
Percent Sold 72.2% 75.2% -4.0%
Total Raised £10,641,050 £5,576,750 90.8%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 46 29 58.6%
Lots Sold 40 23 73.9%
Percent Sold 87% 79.3% 9.7%
Total Raised £3,182,500 £1,956,500 62.7%


Scotland

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 285 259 10.0%
Lots Sold 143 140 2.1%
Percent Sold 50.2% 54.1% -7.2%
Total Raised £10,654,700 £10,004,583 6.5%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 230 205 12.2%
Lots Sold 114 114 0.0%
Percent Sold 49.6% 55.6% -10.8%
Total Raised £6,035,450 £6,392,583 -5.6%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 55 54 1.9%
Lots Sold 29 26 11.5%
Percent Sold 52.7% 48.1% 9.6%
Total Raised £4,619,250 £3,612,000 27.9%


South-East Home Counties

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 643 582 10.5%
Lots Sold 512 492 4.1%
Percent Sold 79.6% 84.5% -5.8%
Total Raised £110,559,218 £105,544,850 4.8%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 483 422 14.5%
Lots Sold 389 356 9.3%
Percent Sold 80.5% 84.4% -4.6%
Total Raised £71,369,218 £57,492,800 24.1%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 160 160 0.0%
Lots Sold 123 136 -9.6%
Percent Sold 76.9% 85% -9.5%
Total Raised £39,190,000 £48,052,050 -18.4%


South-West

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 387 458 -15.5%
Lots Sold 285 327 -12.8%
Percent Sold 73.6% 71.4% 3.1%
Total Raised £49,530,900 £53,155,700 -6.8%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 301 336 -10.4%
Lots Sold 210 235 -10.6%
Percent Sold 69.8% 69.9% -0.1%
Total Raised £33,545,650 £34,857,950 -3.8%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 86 122 -29.5%
Lots Sold 75 92 -18.5%
Percent Sold 87.2% 75.4% 15.6%
Total Raised £15,985,250 £18,297,750 -12.6%


Wales

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 398 330 20.6%
Lots Sold 309 250 23.6%
Percent Sold 77.6% 75.8% 2.4%
Total Raised £30,432,704 £19,892,666 53.0%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 303 249 21.7%
Lots Sold 237 192 23.4%
Percent Sold 78.2% 77.1% 1.4%
Total Raised £17,957,704 £14,010,453 28.2%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 95 81 17.3%
Lots Sold 72 58 24.1%
Percent Sold 75.8% 71.6% 5.9%
Total Raised £12,475,000 £5,882,213 112.1%


West Midlands

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 619 631 -1.9%
Lots Sold 479 501 -4.4%
Percent Sold 77.4% 79.4% -2.5%
Total Raised £57,637,900 £48,705,155 18.3%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 520 497 4.6%
Lots Sold 400 395 1.3%
Percent Sold 76.9% 79.5% -3.3%
Total Raised £37,141,900 £33,655,655 10.4%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 99 134 -26.1%
Lots Sold 79 106 -25.5%
Percent Sold 79.8% 79.1% 0.9%
Total Raised £20,496,000 £15,049,500 36.2%


Yorkshire and The Humber

Total
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 584 699 -16.5%
Lots Sold 420 488 -13.9%
Percent Sold 71.9% 69.8% 3.0%
Total Raised £40,251,725 £43,960,440 -8.4%


Residential
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 505 591 -14.6%
Lots Sold 362 414 -12.6%
Percent Sold 71.7% 70.1% 2.3%
Total Raised £30,392,225 £30,061,640 1.1%


Commercial
November 2014 - January 2015 November 2013 - January 2014 Increase
Lots Offered 79 108 -26.9%
Lots Sold 58 74 -21.6%
Percent Sold 73.4% 68.5% 7.2%
Total Raised £9,859,500 £13,898,800 -29.1%


Your Comments

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