Auction Data for October 2015


Essential Auction News

David Sandeman, Managing Director Welcome to the November newsletter that looks back at auction activity in October and preceding periods. UK auctioneers held 162 auctions last month, with 3,266 lots going under the hammer. This was 721 fewer lots than last year (down 18%), however before one digests the figures it should be noted that last year five major residential auctioneers held their Autumn auction at the end of October, offering 525 lots and raising almost £90M between them. This year the same auctioneers held their corresponding auctions at the beginning of November, and we expect this to be reflected when we report on the market's performance in next month's newsletter.

As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general.

Kind regards

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

National Auction Analysis

As highlighted above, this month's figures are somewhat skewed by the disparity in auction dates chosen by several major auction houses. That notwithstanding, it is still apparent that the market has slowed since the heights of 2014, when the volumes of lots offered and sold at auction were reaching record-breaking numbers. The slowdown has been more pronounced in the residential sector, and this persisted last month as lots offered and sold were both down by 20% and 19% respectively whilst the amount raised fell by 14% to £295.1M. The recent slowdown is also emphasized by the lots offered figures shown in the rolling quarterly and yearly comparisons - down 11% and 7% respectively.

The commercial auction market has been performing strongly for much of this year, so it could be that the recent slow-down is simply a case of the market pausing for breath. 12% fewer commercial lots were offered last month compared with October 2014, yet the market achieved a 77% success rate and an 11% gain in revenues (up to £222.3M) - these are certainly encouraging numbers and one hopes that both sectors enjoy a strong finish to the year.

Total

Last Month Last Quarter Last Year
October 2015 October 2014 Increase August 2015 - October 2015 August 2014 - October 2014 Increase November 2014 - October 2015 November 2013 - October 2014 Increase
Lots Offered 3,266 3,987 -18.1% 7,977 8,919 -10.6% 32,968 35,302 -6.6%
Lots Sold 2,406 2,904 -17.1% 5,863 6,423 -8.7% 25,147 26,837 -6.3%
Percent Sold 73.7% 72.8% 1.2% 73.5% 72% 2.1% 76.3% 76% 0.4%
Total Raised £517,518,879 £542,278,962 -4.6% £998,360,465 £1,002,948,498 -0.5% £4,237,934,699 £4,254,951,655 -0.4%

Residential

Last Month Last Quarter Last Year
October 2015 October 2014 Increase August 2015 - October 2015 August 2014 - October 2014 Increase November 2014 - October 2015 November 2013 - October 2014 Increase
Lots Offered 2,465 3,078 -19.9% 6,573 7,393 -11.1% 26,530 28,660 -7.4%
Lots Sold 1,790 2,217 -19.3% 4,824 5,323 -9.4% 20,107 21,813 -7.8%
Percent Sold 72.6% 72% 0.8% 73.4% 72% 1.9% 75.8% 76.1% -0.4%
Total Raised £295,161,629 £342,254,931 -13.8% £723,372,541 £751,401,415 -3.7% £2,972,155,792 £2,992,353,132 -0.7%

Commercial

Last Month Last Quarter Last Year
October 2015 October 2014 Increase August 2015 - October 2015 August 2014 - October 2014 Increase November 2014 - October 2015 November 2013 - October 2014 Increase
Lots Offered 801 909 -11.9% 1,404 1,526 -8.0% 6,438 6,642 -3.1%
Lots Sold 616 687 -10.3% 1,039 1,100 -5.5% 5,040 5,024 0.3%
Percent Sold 76.9% 75.6% 1.7% 74% 72.1% 2.6% 78.3% 75.6% 3.6%
Total Raised £222,357,250 £200,024,031 11.2% £274,987,924 £251,547,083 9.3% £1,265,778,907 £1,262,598,523 0.3%


Regional Auction Analysis

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

East Anglia

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 193 288 -33.0%
Lots Sold 142 222 -36.0%
Percent Sold 73.6% 77.1% -4.5%
Total Raised £27,279,000 £33,914,950 -19.6%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 142 231 -38.5%
Lots Sold 103 178 -42.1%
Percent Sold 72.5% 77.1% -6.0%
Total Raised £14,410,500 £25,894,950 -44.4%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 51 57 -10.5%
Lots Sold 39 44 -11.4%
Percent Sold 76.5% 77.2% -0.9%
Total Raised £12,868,500 £8,020,000 60.5%


East Midlands

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 677 751 -9.9%
Lots Sold 497 551 -9.8%
Percent Sold 73.4% 73.4% 0.0%
Total Raised £61,717,243 £64,673,754 -4.6%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 559 633 -11.7%
Lots Sold 400 465 -14.0%
Percent Sold 71.6% 73.5% -2.6%
Total Raised £42,381,843 £47,011,754 -9.8%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 118 118 0.0%
Lots Sold 97 86 12.8%
Percent Sold 82.2% 72.9% 12.8%
Total Raised £19,335,400 £17,662,000 9.5%


London

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 565 726 -22.2%
Lots Sold 430 555 -22.5%
Percent Sold 76.1% 76.4% -0.4%
Total Raised £194,412,150 £244,786,349 -20.6%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 512 686 -25.4%
Lots Sold 381 525 -27.4%
Percent Sold 74.4% 76.5% -2.7%
Total Raised £170,104,750 £219,511,849 -22.5%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 53 40 32.5%
Lots Sold 49 30 63.3%
Percent Sold 92.5% 75% 23.3%
Total Raised £24,307,400 £25,274,500 -3.8%


North-East

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 714 833 -14.3%
Lots Sold 478 581 -17.7%
Percent Sold 66.9% 69.7% -4.0%
Total Raised £39,381,645 £47,892,475 -17.8%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 659 768 -14.2%
Lots Sold 447 539 -17.1%
Percent Sold 67.8% 70.2% -3.4%
Total Raised £33,419,145 £39,595,725 -15.6%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 55 65 -15.4%
Lots Sold 31 42 -26.2%
Percent Sold 56.4% 64.6% -12.7%
Total Raised £5,962,500 £8,296,750 -28.1%


North-West

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 1,372 1,430 -4.1%
Lots Sold 987 967 2.1%
Percent Sold 71.9% 67.6% 6.4%
Total Raised £92,783,536 £88,329,787 5.0%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 1,112 1,117 -0.4%
Lots Sold 805 755 6.6%
Percent Sold 72.4% 67.6% 7.1%
Total Raised £71,513,186 £60,394,511 18.4%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 260 313 -16.9%
Lots Sold 182 212 -14.2%
Percent Sold 70% 67.7% 3.4%
Total Raised £21,270,350 £27,935,276 -23.9%


North-West Home Counties

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 301 313 -3.8%
Lots Sold 246 249 -1.2%
Percent Sold 81.7% 79.6% 2.6%
Total Raised £88,382,500 £72,081,127 22.6%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 231 249 -7.2%
Lots Sold 188 191 -1.6%
Percent Sold 81.4% 76.7% 6.1%
Total Raised £58,777,000 £41,463,627 41.8%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 70 64 9.4%
Lots Sold 58 58 0.0%
Percent Sold 82.9% 90.6% -8.5%
Total Raised £29,605,500 £30,617,500 -3.3%


Northern Ireland

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 190 301 -36.9%
Lots Sold 81 179 -54.7%
Percent Sold 42.6% 59.5% -28.4%
Total Raised £5,660,000 £11,275,550 -49.8%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 176 281 -37.4%
Lots Sold 78 170 -54.1%
Percent Sold 44.3% 60.5% -26.8%
Total Raised £5,460,000 £10,477,550 -47.9%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 14 20 -30.0%
Lots Sold 3 9 -66.7%
Percent Sold 21.4% 45% -52.4%
Total Raised £200,000 £798,000 -74.9%


Scotland

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 251 296 -15.2%
Lots Sold 168 154 9.1%
Percent Sold 66.9% 52% 28.7%
Total Raised £27,017,700 £10,930,505 147.2%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 186 246 -24.4%
Lots Sold 121 126 -4.0%
Percent Sold 65.1% 51.2% 27.1%
Total Raised £13,879,600 £6,301,505 120.3%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 65 50 30.0%
Lots Sold 47 28 67.9%
Percent Sold 72.3% 56% 29.1%
Total Raised £13,138,100 £4,629,000 183.8%


South-East Home Counties

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 783 872 -10.2%
Lots Sold 638 686 -7.0%
Percent Sold 81.5% 78.7% 3.6%
Total Raised £171,082,650 £152,687,053 12.0%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 634 694 -8.6%
Lots Sold 523 547 -4.4%
Percent Sold 82.5% 78.8% 4.7%
Total Raised £124,184,600 £106,332,698 16.8%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 149 178 -16.3%
Lots Sold 115 139 -17.3%
Percent Sold 77.2% 78.1% -1.2%
Total Raised £46,898,050 £46,354,355 1.2%


South-West

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 545 660 -17.4%
Lots Sold 400 494 -19.0%
Percent Sold 73.4% 74.8% -1.9%
Total Raised £86,354,650 £89,796,349 -3.8%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 387 479 -19.2%
Lots Sold 283 346 -18.2%
Percent Sold 73.1% 72.2% 1.2%
Total Raised £56,433,650 £58,582,849 -3.7%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 158 181 -12.7%
Lots Sold 117 148 -20.9%
Percent Sold 74.1% 81.8% -9.4%
Total Raised £29,921,000 £31,213,500 -4.1%


Wales

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 648 618 4.9%
Lots Sold 471 450 4.7%
Percent Sold 72.7% 72.8% -0.1%
Total Raised £41,206,694 £43,538,474 -5.4%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 518 471 10.0%
Lots Sold 383 337 13.6%
Percent Sold 73.9% 71.5% 3.4%
Total Raised £29,503,820 £27,238,973 8.3%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 130 147 -11.6%
Lots Sold 88 113 -22.1%
Percent Sold 67.7% 76.9% -12.0%
Total Raised £11,702,874 £16,299,501 -28.2%


West Midlands

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 938 955 -1.8%
Lots Sold 723 710 1.8%
Percent Sold 77.1% 74.3% 3.8%
Total Raised £98,841,741 £79,427,926 24.4%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 771 793 -2.8%
Lots Sold 593 596 -0.5%
Percent Sold 76.9% 75.2% 2.3%
Total Raised £61,203,491 £59,466,225 2.9%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 167 162 3.1%
Lots Sold 130 114 14.0%
Percent Sold 77.8% 70.4% 10.5%
Total Raised £37,638,250 £19,961,701 88.6%


Yorkshire and The Humber

Total
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 800 876 -8.7%
Lots Sold 602 625 -3.7%
Percent Sold 75.3% 71.3% 5.6%
Total Raised £64,240,956 £63,614,199 1.0%


Residential
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 686 745 -7.9%
Lots Sold 519 548 -5.3%
Percent Sold 75.7% 73.6% 2.9%
Total Raised £42,100,956 £49,129,199 -14.3%


Commercial
August 2015 - October 2015 August 2014 - October 2014 Increase
Lots Offered 114 131 -13.0%
Lots Sold 83 77 7.8%
Percent Sold 72.8% 58.8% 23.8%
Total Raised £22,140,000 £14,485,000 52.8%


Your Comments

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