Auction Data for June 2015


Essential Auction News

David Sandeman, Managing Director Welcome to the July newsletter that looks back at auction activity in June and preceding periods. After a challenging few months in which we have witnessed a cooling-off period in the industry, I am pleased to report on figures that show a return to growth with a 1.7% rise in lots offered to 2,950 lots and a 2.8% rise in lots sold to 2,239 lots. Furthermore, the amount raised at auction increased by almost 12% to £326.9M, the highest amount recorded in the month of June since 2007 (£381M).

These figures are certainly encouraging, especially considering that there have been a number of recent reports from the private treaty market that refer to a 'property drought'!

As always I would welcome your comments on this and the wider issues within the market space.

Kind regards

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

National Auction Analysis

A run of five consecutive monthly newsletters that reported on falls in the residential sector has thankfully come to an end, as June's figures show small gains of 0.9% in residential lots offered and 1.3% in residential lots sold. The total raised from residential auction sales also increased substantially, to £290.4M - a rise of almost 17% on June 2014.

The aforementioned slowdown is still evident in the residential sector's quarterly figures, with lots offered and lots sold down 11.6% and 12.8% respectively on Q2 2014, but one hopes that the latest monthly figures indicate a return of confidence amongst buyers and sellers alike.

The commercial auction market continues to grow, as June's figures show a 5.4% rise in lots offered and a significant 11.4% rise in lots sold. However despite these gains, figures show that the total raised from commercial auction sales actually fell by 17% in June, from £43.9M to £36.5M. As none of the London commercial auction houses hold an auction in June, the fall in average lot size is likely due to an increase in lower-value commercial lots being sold by regional auctioneers.

Total

Last Month Last Quarter Last Year
June 2015 June 2014 Increase April 2015 - June 2015 April 2014 - June 2014 Increase July 2014 - June 2015 July 2013 - June 2014 Increase
Lots Offered 2,950 2,902 1.7% 8,287 9,094 -8.9% 34,065 34,748 -2.0%
Lots Sold 2,239 2,177 2.8% 6,339 6,981 -9.2% 25,877 27,066 -4.4%
Percent Sold 75.9% 75% 1.2% 76.5% 76.8% -0.4% 76% 77.9% -2.4%
Total Raised £326,940,774 £292,589,492 11.7% £1,020,136,424 £1,057,300,187 -3.5% £4,271,049,464 £4,135,127,643 3.3%

Residential

Last Month Last Quarter Last Year
June 2015 June 2014 Increase April 2015 - June 2015 April 2014 - June 2014 Increase July 2014 - June 2015 July 2013 - June 2014 Increase
Lots Offered 2,443 2,421 0.9% 6,604 7,469 -11.6% 27,453 28,035 -2.1%
Lots Sold 1,858 1,835 1.3% 5,032 5,768 -12.8% 20,733 21,846 -5.1%
Percent Sold 76.1% 75.8% 0.4% 76.2% 77.2% -1.3% 75.5% 77.9% -3.1%
Total Raised £290,447,942 £248,642,732 16.8% £755,618,682 £786,394,057 -3.9% £2,974,222,798 £2,896,978,441 2.7%

Commercial

Last Month Last Quarter Last Year
June 2015 June 2014 Increase April 2015 - June 2015 April 2014 - June 2014 Increase July 2014 - June 2015 July 2013 - June 2014 Increase
Lots Offered 507 481 5.4% 1,683 1,625 3.6% 6,612 6,713 -1.5%
Lots Sold 381 342 11.4% 1,307 1,213 7.7% 5,144 5,220 -1.5%
Percent Sold 75.1% 71.1% 5.6% 77.7% 74.6% 4.2% 77.8% 77.8% 0.0%
Total Raised £36,492,832 £43,946,760 -17.0% £264,517,742 £270,906,130 -2.4% £1,296,826,666 £1,238,149,202 4.7%


Regional Auction Analysis

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

East Anglia

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 277 313 -11.5%
Lots Sold 214 258 -17.1%
Percent Sold 77.3% 82.4% -6.2%
Total Raised £31,148,700 £41,165,300 -24.3%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 212 230 -7.8%
Lots Sold 162 189 -14.3%
Percent Sold 76.4% 82.2% -7.1%
Total Raised £23,516,700 £26,362,100 -10.8%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 65 83 -21.7%
Lots Sold 52 69 -24.6%
Percent Sold 80% 83.1% -3.7%
Total Raised £7,632,000 £14,803,200 -48.4%


East Midlands

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 698 702 -0.6%
Lots Sold 561 547 2.6%
Percent Sold 80.4% 77.9% 3.2%
Total Raised £67,256,703 £65,883,900 2.1%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 544 580 -6.2%
Lots Sold 423 454 -6.8%
Percent Sold 77.8% 78.3% -0.6%
Total Raised £48,718,502 £47,933,900 1.6%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 154 122 26.2%
Lots Sold 138 93 48.4%
Percent Sold 89.6% 76.2% 17.6%
Total Raised £18,538,201 £17,950,000 3.3%


London

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 670 805 -16.8%
Lots Sold 578 657 -12.0%
Percent Sold 86.3% 81.6% 5.8%
Total Raised £253,691,250 £273,478,800 -7.2%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 615 745 -17.4%
Lots Sold 528 604 -12.6%
Percent Sold 85.9% 81.1% 5.9%
Total Raised £222,821,750 £232,079,800 -4.0%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 55 60 -8.3%
Lots Sold 50 53 -5.7%
Percent Sold 90.9% 88.3% 2.9%
Total Raised £30,869,500 £41,399,000 -25.4%


North-East

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 836 896 -6.7%
Lots Sold 590 641 -8.0%
Percent Sold 70.6% 71.5% -1.3%
Total Raised £50,128,686 £49,291,110 1.7%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 766 808 -5.2%
Lots Sold 531 583 -8.9%
Percent Sold 69.3% 72.2% -4.0%
Total Raised £39,804,686 £40,943,720 -2.8%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 70 88 -20.5%
Lots Sold 59 58 1.7%
Percent Sold 84.3% 65.9% 27.9%
Total Raised £10,324,000 £8,347,390 23.7%


North-West

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 1,266 1,553 -18.5%
Lots Sold 935 1,153 -18.9%
Percent Sold 73.9% 74.2% -0.4%
Total Raised £96,590,657 £106,750,697 -9.5%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 994 1,216 -18.3%
Lots Sold 744 920 -19.1%
Percent Sold 74.8% 75.7% -1.2%
Total Raised £60,223,297 £68,431,187 -12.0%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 272 337 -19.3%
Lots Sold 191 233 -18.0%
Percent Sold 70.2% 69.1% 1.6%
Total Raised £36,367,360 £38,319,510 -5.1%


North-West Home Counties

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 283 323 -12.4%
Lots Sold 234 270 -13.3%
Percent Sold 82.7% 83.6% -1.1%
Total Raised £74,525,750 £78,329,700 -4.9%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 189 252 -25.0%
Lots Sold 154 211 -27.0%
Percent Sold 81.5% 83.7% -2.6%
Total Raised £41,582,500 £53,389,700 -22.1%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 94 71 32.4%
Lots Sold 80 59 35.6%
Percent Sold 85.1% 83.1% 2.4%
Total Raised £32,943,250 £24,940,000 32.1%


Northern Ireland

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 269 368 -26.9%
Lots Sold 156 270 -42.2%
Percent Sold 58% 73.4% -21.0%
Total Raised £11,245,650 £18,706,000 -39.9%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 215 327 -34.3%
Lots Sold 122 241 -49.4%
Percent Sold 56.7% 73.7% -23.1%
Total Raised £8,388,150 £15,980,500 -47.5%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 54 41 31.7%
Lots Sold 34 29 17.2%
Percent Sold 63% 70.7% -10.9%
Total Raised £2,857,500 £2,725,500 4.8%


Scotland

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 272 236 15.3%
Lots Sold 143 136 5.1%
Percent Sold 52.6% 57.6% -8.7%
Total Raised £14,041,556 £8,420,710 66.8%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 189 190 -0.5%
Lots Sold 91 105 -13.3%
Percent Sold 48.1% 55.3% -13.0%
Total Raised £5,306,455 £5,480,210 -3.2%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 83 46 80.4%
Lots Sold 52 31 67.7%
Percent Sold 62.7% 67.4% -7.0%
Total Raised £8,735,101 £2,940,500 197.1%


South-East Home Counties

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 931 856 8.8%
Lots Sold 756 699 8.2%
Percent Sold 81.2% 81.7% -0.6%
Total Raised £159,698,400 £139,501,550 14.5%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 746 702 6.3%
Lots Sold 612 575 6.4%
Percent Sold 82% 81.9% 0.1%
Total Raised £118,638,450 £97,909,650 21.2%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 185 154 20.1%
Lots Sold 144 124 16.1%
Percent Sold 77.8% 80.5% -3.4%
Total Raised £41,059,950 £41,591,900 -1.3%


South-West

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 648 642 0.9%
Lots Sold 515 513 0.4%
Percent Sold 79.5% 79.9% -0.5%
Total Raised £90,074,172 £91,094,780 -1.1%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 490 467 4.9%
Lots Sold 387 366 5.7%
Percent Sold 79% 78.4% 0.8%
Total Raised £70,985,922 £64,838,450 9.5%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 158 175 -9.7%
Lots Sold 128 147 -12.9%
Percent Sold 81% 84% -3.6%
Total Raised £19,088,250 £26,256,330 -27.3%


Wales

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 638 556 14.7%
Lots Sold 490 407 20.4%
Percent Sold 76.8% 73.2% 4.9%
Total Raised £44,722,830 £35,946,145 24.4%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 434 416 4.3%
Lots Sold 340 310 9.7%
Percent Sold 78.3% 74.5% 5.1%
Total Raised £26,856,950 £21,933,145 22.4%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 204 140 45.7%
Lots Sold 150 97 54.6%
Percent Sold 73.5% 69.3% 6.1%
Total Raised £17,865,880 £14,013,000 27.5%


West Midlands

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 827 1,020 -18.9%
Lots Sold 666 806 -17.4%
Percent Sold 80.5% 79% 1.9%
Total Raised £80,270,450 £87,893,604 -8.7%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 656 856 -23.4%
Lots Sold 528 690 -23.5%
Percent Sold 80.5% 80.6% -0.1%
Total Raised £54,694,850 £67,018,604 -18.4%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 171 164 4.3%
Lots Sold 138 116 19.0%
Percent Sold 80.7% 70.7% 14.1%
Total Raised £25,575,600 £20,875,000 22.5%


Yorkshire and The Humber

Total
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 672 824 -18.4%
Lots Sold 501 624 -19.7%
Percent Sold 74.6% 75.7% -1.5%
Total Raised £46,741,620 £60,837,891 -23.2%


Residential
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 554 680 -18.5%
Lots Sold 410 520 -21.2%
Percent Sold 74% 76.5% -3.3%
Total Raised £34,080,470 £44,093,091 -22.7%


Commercial
April 2015 - June 2015 April 2014 - June 2014 Increase
Lots Offered 118 144 -18.1%
Lots Sold 91 104 -12.5%
Percent Sold 77.1% 72.2% 6.8%
Total Raised £12,661,150 £16,744,800 -24.4%


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.