Auction Data for December 2014


Essential Auction News

David Sandeman, Managing Director Welcome to the first newsletter of 2015 which looks back at auction activity in December and preceding periods. The auction market was largely unchanged in December, with only marginal differences in the number of lots offered and sold compared with December 2013. The amount raised from auction sales, which saw substantial increases throughout 2014, totalled in excess of £491m for the month; a 3.6% gain on December 2013 and the largest amount achieved in December since 2007.

I am pleased to report that I have just published a residential auction market review for 2014, which provides a detailed account of the trends witnessed in the market over the last few years - you can read it here.

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

The commercial auction market started very brightly in 2014, with instructions and sales volumes increasing through the first half of the year. However, growth slowed during the Summer months, and the past few newsletters have all shown a slight fall in activity which resonates in the quarterly figures shown below - lots offered down 5.4% and lots sold down 4% on Q4 2013.

Overall though the commercial market fared comparatively with 2013, and an annual average sale rate of 77.7% and a 15% rise in commercial receipts make positive reading.

In the residential sector, the gavel fell on 21,834 lots during 2014 - a 2.1% increase on 2013. More significantly, this sets a new record for the highest number of residential sales in a calendar year, surpassing the previous high recorded in 2007. We have also seen the amount raised at residential auctions increase throughout the year, often in double-digit percentage terms, and the yearly figures below show the total has broken through the £3bn mark for the first time in 7 years - a fantastic achievement for the industry.

Total

Last Month Last Quarter Last Year
December 2014 December 2013 Increase October 2014 - December 2014 October 2013 - December 2013 Increase January 2014 - December 2014 January 2013 - December 2013 Increase
Lots Offered 3,473 3,426 1.4% 9,444 9,435 0.1% 35,003 34,030 2.9%
Lots Sold 2,605 2,675 -2.6% 7,060 7,305 -3.4% 26,867 26,458 1.5%
Percent Sold 75% 78.1% -4.0% 74.8% 77.4% -3.4% 76.8% 77.7% -1.2%
Total Raised £491,153,403 £474,095,012 3.6% £1,259,500,889 £1,141,610,222 10.3% £4,378,420,022 £3,828,973,311 14.3%

Residential

Last Month Last Quarter Last Year
December 2014 December 2013 Increase October 2014 - December 2014 October 2013 - December 2013 Increase January 2014 - December 2014 January 2013 - December 2013 Increase
Lots Offered 2,712 2,610 3.9% 7,499 7,380 1.6% 28,525 27,486 3.8%
Lots Sold 2,008 2,049 -2.0% 5,538 5,720 -3.2% 21,834 21,395 2.1%
Percent Sold 74% 78.5% -5.7% 73.8% 77.5% -4.8% 76.5% 77.8% -1.7%
Total Raised £309,260,382 £295,350,690 4.7% £813,246,537 £730,042,690 11.4% £3,058,368,935 £2,684,061,274 13.9%

Commercial

Last Month Last Quarter Last Year
December 2014 December 2013 Increase October 2014 - December 2014 October 2013 - December 2013 Increase January 2014 - December 2014 January 2013 - December 2013 Increase
Lots Offered 761 816 -6.7% 1,945 2,055 -5.4% 6,478 6,544 -1.0%
Lots Sold 597 626 -4.6% 1,522 1,585 -4.0% 5,033 5,063 -0.6%
Percent Sold 78.4% 76.7% 2.2% 78.3% 77.1% 1.6% 77.7% 77.4% 0.4%
Total Raised £181,893,021 £178,744,322 1.8% £446,254,352 £411,567,532 8.4% £1,320,051,087 £1,144,912,037 15.3%


Regional Auction Analysis

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

East Anglia

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 321 342 -6.1%
Lots Sold 252 272 -7.4%
Percent Sold 78.5% 79.5% -1.3%
Total Raised £44,573,750 £42,690,499 4.4%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 261 241 8.3%
Lots Sold 204 189 7.9%
Percent Sold 78.2% 78.4% -0.3%
Total Raised £28,587,750 £24,709,100 15.7%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 60 101 -40.6%
Lots Sold 48 83 -42.2%
Percent Sold 80% 82.2% -2.7%
Total Raised £15,986,000 £17,981,399 -11.1%


East Midlands

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 778 720 8.1%
Lots Sold 581 559 3.9%
Percent Sold 74.7% 77.6% -3.7%
Total Raised £82,306,905 £68,708,409 19.8%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 612 576 6.3%
Lots Sold 445 445 0.0%
Percent Sold 72.7% 77.3% -6.0%
Total Raised £48,138,855 £44,927,199 7.1%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 166 144 15.3%
Lots Sold 136 114 19.3%
Percent Sold 81.9% 79.2% 3.4%
Total Raised £34,168,050 £23,781,210 43.7%


London

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 830 824 0.7%
Lots Sold 656 729 -10.0%
Percent Sold 79% 88.5% -10.7%
Total Raised £294,362,350 £263,056,150 11.9%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 754 706 6.8%
Lots Sold 589 631 -6.7%
Percent Sold 78.1% 89.4% -12.6%
Total Raised £247,887,850 £210,605,650 17.7%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 76 118 -35.6%
Lots Sold 67 98 -31.6%
Percent Sold 88.2% 83.1% 6.1%
Total Raised £46,474,500 £52,450,500 -11.4%


North-East

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 781 893 -12.5%
Lots Sold 565 648 -12.8%
Percent Sold 72.3% 72.6% -0.4%
Total Raised £49,860,095 £57,391,244 -13.1%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 691 787 -12.2%
Lots Sold 494 567 -12.9%
Percent Sold 71.5% 72% -0.7%
Total Raised £33,371,595 £41,648,994 -19.9%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 90 106 -15.1%
Lots Sold 71 81 -12.3%
Percent Sold 78.9% 76.4% 3.3%
Total Raised £16,488,500 £15,742,250 4.7%


North-West

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 1,390 1,541 -9.8%
Lots Sold 1,000 1,190 -16.0%
Percent Sold 71.9% 77.2% -6.9%
Total Raised £112,174,658 £120,511,226 -6.9%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 1,081 1,207 -10.4%
Lots Sold 781 941 -17.0%
Percent Sold 72.2% 78% -7.4%
Total Raised £66,406,261 £74,366,666 -10.7%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 309 334 -7.5%
Lots Sold 219 249 -12.0%
Percent Sold 70.9% 74.6% -5.0%
Total Raised £45,768,397 £46,144,560 -0.8%


North-West Home Counties

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 406 406 0.0%
Lots Sold 321 314 2.2%
Percent Sold 79.1% 77.3% 2.3%
Total Raised £113,328,927 £87,077,450 30.1%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 300 295 1.7%
Lots Sold 229 234 -2.1%
Percent Sold 76.3% 79.3% -3.8%
Total Raised £58,553,777 £46,483,200 26.0%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 106 111 -4.5%
Lots Sold 92 80 15.0%
Percent Sold 86.8% 72.1% 20.4%
Total Raised £54,775,150 £40,594,250 34.9%


Northern Ireland

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 333 212 57.1%
Lots Sold 246 148 66.2%
Percent Sold 73.9% 69.8% 5.9%
Total Raised £17,347,800 £8,977,000 93.2%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 283 173 63.6%
Lots Sold 202 118 71.2%
Percent Sold 71.4% 68.2% 4.7%
Total Raised £13,860,300 £5,991,000 131.4%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 50 39 28.2%
Lots Sold 44 30 46.7%
Percent Sold 88% 76.9% 14.4%
Total Raised £3,487,500 £2,986,000 16.8%


Scotland

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 346 333 3.9%
Lots Sold 180 183 -1.6%
Percent Sold 52% 55% -5.5%
Total Raised £15,128,755 £14,689,050 3.0%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 272 254 7.1%
Lots Sold 136 139 -2.2%
Percent Sold 50% 54.7% -8.6%
Total Raised £6,629,405 £7,672,200 -13.6%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 74 79 -6.3%
Lots Sold 44 44 0.0%
Percent Sold 59.5% 55.7% 6.8%
Total Raised £8,499,350 £7,016,850 21.1%


South-East Home Counties

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 1,057 973 8.6%
Lots Sold 842 808 4.2%
Percent Sold 79.7% 83% -4.0%
Total Raised £197,655,196 £186,512,445 6.0%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 762 683 11.6%
Lots Sold 609 566 7.6%
Percent Sold 79.9% 82.9% -3.6%
Total Raised £117,193,241 £90,363,945 29.7%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 295 290 1.7%
Lots Sold 233 242 -3.7%
Percent Sold 79% 83.4% -5.3%
Total Raised £80,461,955 £96,148,500 -16.3%


South-West

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 676 672 0.6%
Lots Sold 506 492 2.8%
Percent Sold 74.9% 73.2% 2.3%
Total Raised £107,109,550 £87,136,000 22.9%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 482 477 1.0%
Lots Sold 343 338 1.5%
Percent Sold 71.2% 70.9% 0.4%
Total Raised £55,913,800 £52,961,250 5.6%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 194 195 -0.5%
Lots Sold 163 154 5.8%
Percent Sold 84% 79% 6.3%
Total Raised £51,195,750 £34,174,750 49.8%


Wales

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 691 558 23.8%
Lots Sold 534 431 23.9%
Percent Sold 77.3% 77.2% 0.1%
Total Raised £56,844,754 £36,984,414 53.7%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 503 418 20.3%
Lots Sold 384 326 17.8%
Percent Sold 76.3% 78% -2.2%
Total Raised £30,591,254 £26,770,201 14.3%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 188 140 34.3%
Lots Sold 150 105 42.9%
Percent Sold 79.8% 75% 6.4%
Total Raised £26,253,500 £10,214,213 157.0%


West Midlands

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 961 1,016 -5.4%
Lots Sold 743 826 -10.0%
Percent Sold 77.3% 81.3% -4.9%
Total Raised £97,811,450 £97,160,150 0.7%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 773 797 -3.0%
Lots Sold 593 652 -9.0%
Percent Sold 76.7% 81.8% -6.2%
Total Raised £59,663,250 £60,133,650 -0.8%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 188 219 -14.2%
Lots Sold 150 174 -13.8%
Percent Sold 79.8% 79.5% 0.4%
Total Raised £38,148,200 £37,026,500 3.0%


Yorkshire and The Humber

Total
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 874 945 -7.5%
Lots Sold 634 705 -10.1%
Percent Sold 72.5% 74.6% -2.8%
Total Raised £70,996,699 £70,716,185 0.4%


Residential
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 725 766 -5.4%
Lots Sold 529 574 -7.8%
Percent Sold 73% 74.9% -2.5%
Total Raised £46,449,199 £43,409,635 7.0%


Commercial
October 2014 - December 2014 October 2013 - December 2013 Increase
Lots Offered 149 179 -16.8%
Lots Sold 105 131 -19.8%
Percent Sold 70.5% 73.2% -3.7%
Total Raised £24,547,500 £27,306,550 -10.1%


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.