Auction Data for September 2015


Essential Auction News

David Sandeman, Managing Director Welcome to the October newsletter that looks back at auction activity in September and preceding periods. Overall lots offered was marginally down on September 2014, to 3,875 lots, whilst auction sales remained largely comparable with the gavel falling on 2,871 properties - just 8 lots fewer than last year. This augurs well against the estate agency backdrop in which trade press releases are commentating on falling sales - continue reading below for a detailed breakdown of the figures.

As ever I would welcome any comments or feedback you might 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

Following August's small dip in the amount raised (down £5m on August 2014 albeit in a decidedly quiet period in the auction calendar), last month's sales brought about a return to growth with a substantial 8% rise in revenues to £426.2m. This helped propel the quarterly totals well beyond £1bn, up over 8% on Q3 2014, exemplifying the on-going house price rises that show little sign of abating.

August aside, the commercial market has seen sales rise steadily over the course of the last 6 months, and this trend continued in September where the number of lots sold increased by 4.4% on September 2014, to 376 lots. Similar gains were made in Q3 (up 4%), whilst the rolling yearly figures show a 1.5% increase on the previous 12 months.

In contrast the residential market has had a challenging year to date, with a downward trend in sales when compared with some of the record-breaking figures we saw last year. That notwithstanding the auction revenues continue to swell, highlighted by notable rises of 8%, 9.8% and 2.7% in the monthly, quarterly and yearly metrics.

Total

Last Month Last Quarter Last Year
September 2015 September 2014 Increase July 2015 - September 2015 July 2014 - September 2014 Increase October 2014 - September 2015 October 2013 - September 2014 Increase
Lots Offered 3,875 4,027 -3.8% 8,722 9,168 -4.9% 33,685 35,281 -4.5%
Lots Sold 2,871 2,879 -0.3% 6,559 6,603 -0.7% 25,706 27,057 -5.0%
Percent Sold 74.1% 71.5% 3.6% 75.2% 72% 4.4% 76.3% 76.7% -0.5%
Total Raised £426,224,149 £394,709,886 8.0% £1,079,348,305 £995,005,017 8.5% £4,312,568,442 £4,214,845,598 2.3%

Residential

Last Month Last Quarter Last Year
September 2015 September 2014 Increase July 2015 - September 2015 July 2014 - September 2014 Increase October 2014 - September 2015 October 2013 - September 2014 Increase
Lots Offered 3,345 3,487 -4.1% 7,317 7,698 -4.9% 27,138 28,647 -5.3%
Lots Sold 2,495 2,519 -1.0% 5,503 5,588 -1.5% 20,571 22,000 -6.5%
Percent Sold 74.6% 72.2% 3.3% 75.2% 72.6% 3.6% 75.8% 76.8% -1.3%
Total Raised £378,239,475 £350,301,834 8.0% £818,077,981 £744,759,835 9.8% £3,026,884,504 £2,947,941,046 2.7%

Commercial

Last Month Last Quarter Last Year
September 2015 September 2014 Increase July 2015 - September 2015 July 2014 - September 2014 Increase October 2014 - September 2015 October 2013 - September 2014 Increase
Lots Offered 530 540 -1.9% 1,405 1,470 -4.4% 6,547 6,634 -1.3%
Lots Sold 376 360 4.4% 1,056 1,015 4.0% 5,135 5,057 1.5%
Percent Sold 70.9% 66.7% 6.3% 75.2% 69% 9.0% 78.4% 76.2% 2.9%
Total Raised £47,984,674 £44,408,052 8.1% £261,270,324 £250,245,182 4.4% £1,285,683,938 £1,266,904,552 1.5%


Regional Auction Analysis

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

East Anglia

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 249 318 -21.7%
Lots Sold 192 256 -25.0%
Percent Sold 77.1% 80.5% -4.2%
Total Raised £28,943,000 £30,839,950 -6.2%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 194 265 -26.8%
Lots Sold 144 219 -34.2%
Percent Sold 74.2% 82.6% -10.2%
Total Raised £19,996,500 £23,975,700 -16.6%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 55 53 3.8%
Lots Sold 48 37 29.7%
Percent Sold 87.3% 69.8% 25.1%
Total Raised £8,946,500 £6,864,250 30.3%


East Midlands

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 743 797 -6.8%
Lots Sold 547 590 -7.3%
Percent Sold 73.6% 74% -0.5%
Total Raised £67,702,733 £65,049,799 4.1%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 625 680 -8.1%
Lots Sold 451 512 -11.9%
Percent Sold 72.2% 75.3% -4.1%
Total Raised £49,352,833 £54,495,549 -9.4%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 118 117 0.9%
Lots Sold 96 78 23.1%
Percent Sold 81.4% 66.7% 22.0%
Total Raised £18,349,900 £10,554,250 73.9%


London

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 698 731 -4.5%
Lots Sold 559 570 -1.9%
Percent Sold 80.1% 78% 2.7%
Total Raised £227,521,950 £245,332,799 -7.3%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 642 663 -3.2%
Lots Sold 509 512 -0.6%
Percent Sold 79.3% 77.2% 2.7%
Total Raised £196,344,050 £195,051,699 0.7%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 56 68 -17.6%
Lots Sold 50 58 -13.8%
Percent Sold 89.3% 85.3% 4.7%
Total Raised £31,177,900 £50,281,100 -38.0%


North-East

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 782 897 -12.8%
Lots Sold 550 601 -8.5%
Percent Sold 70.3% 67% 4.9%
Total Raised £46,346,076 £45,574,550 1.7%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 730 838 -12.9%
Lots Sold 507 566 -10.4%
Percent Sold 69.5% 67.5% 3.0%
Total Raised £35,841,476 £40,820,050 -12.2%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 52 59 -11.9%
Lots Sold 43 35 22.9%
Percent Sold 82.7% 59.3% 39.5%
Total Raised £10,504,600 £4,754,500 120.9%


North-West

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 1,435 1,464 -2.0%
Lots Sold 1,061 1,017 4.3%
Percent Sold 73.9% 69.5% 6.3%
Total Raised £102,099,595 £98,463,525 3.7%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 1,182 1,146 3.1%
Lots Sold 892 804 10.9%
Percent Sold 75.5% 70.2% 7.5%
Total Raised £74,620,495 £62,683,545 19.0%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 253 318 -20.4%
Lots Sold 169 213 -20.7%
Percent Sold 66.8% 67% -0.3%
Total Raised £27,479,100 £35,779,980 -23.2%


North-West Home Counties

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 316 292 8.2%
Lots Sold 259 233 11.2%
Percent Sold 82% 79.8% 2.8%
Total Raised £83,070,800 £71,614,500 16.0%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 265 226 17.3%
Lots Sold 224 178 25.8%
Percent Sold 84.5% 78.8% 7.2%
Total Raised £65,068,500 £43,344,500 50.1%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 51 66 -22.7%
Lots Sold 35 55 -36.4%
Percent Sold 68.6% 83.3% -17.6%
Total Raised £18,002,300 £28,270,000 -36.3%


Northern Ireland

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 193 216 -10.6%
Lots Sold 81 128 -36.7%
Percent Sold 42% 59.3% -29.2%
Total Raised £5,407,550 £7,803,050 -30.7%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 178 202 -11.9%
Lots Sold 78 123 -36.6%
Percent Sold 43.8% 60.9% -28.1%
Total Raised £5,256,050 £7,310,050 -28.1%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 15 14 7.1%
Lots Sold 3 5 -40.0%
Percent Sold 20% 35.7% -44.0%
Total Raised £151,500 £493,000 -69.3%


Scotland

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 219 287 -23.7%
Lots Sold 147 140 5.0%
Percent Sold 67.1% 48.8% 37.5%
Total Raised £21,245,900 £8,047,000 164.0%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 167 240 -30.4%
Lots Sold 106 118 -10.2%
Percent Sold 63.5% 49.2% 29.1%
Total Raised £13,056,800 £5,637,100 131.6%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 52 47 10.6%
Lots Sold 41 22 86.4%
Percent Sold 78.8% 46.8% 68.4%
Total Raised £8,189,100 £2,409,900 239.8%


South-East Home Counties

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 988 902 9.5%
Lots Sold 811 713 13.7%
Percent Sold 82.1% 79% 3.9%
Total Raised £191,766,700 £146,532,096 30.9%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 825 767 7.6%
Lots Sold 683 606 12.7%
Percent Sold 82.8% 79% 4.8%
Total Raised £144,039,650 £109,567,196 31.5%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 163 135 20.7%
Lots Sold 128 107 19.6%
Percent Sold 78.5% 79.3% -1.0%
Total Raised £47,727,050 £36,964,900 29.1%


South-West

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 630 713 -11.6%
Lots Sold 470 515 -8.7%
Percent Sold 74.6% 72.2% 3.3%
Total Raised £96,044,401 £95,560,299 0.5%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 494 538 -8.2%
Lots Sold 363 377 -3.7%
Percent Sold 73.5% 70.1% 4.9%
Total Raised £73,198,401 £65,747,999 11.3%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 136 175 -22.3%
Lots Sold 107 138 -22.5%
Percent Sold 78.7% 78.9% -0.3%
Total Raised £22,846,000 £29,812,300 -23.4%


Wales

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 663 574 15.5%
Lots Sold 495 401 23.4%
Percent Sold 74.7% 69.9% 6.9%
Total Raised £42,568,058 £33,920,073 25.5%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 501 453 10.6%
Lots Sold 384 319 20.4%
Percent Sold 76.6% 70.4% 8.8%
Total Raised £31,058,784 £25,371,572 22.4%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 162 121 33.9%
Lots Sold 111 82 35.4%
Percent Sold 68.5% 67.8% 1.0%
Total Raised £11,509,274 £8,548,501 34.6%


West Midlands

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 995 1,046 -4.9%
Lots Sold 770 773 -0.4%
Percent Sold 77.4% 73.9% 4.7%
Total Raised £93,365,990 £82,817,226 12.7%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 827 879 -5.9%
Lots Sold 646 665 -2.9%
Percent Sold 78.1% 75.7% 3.2%
Total Raised £66,260,390 £62,472,475 6.1%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 168 167 0.6%
Lots Sold 124 108 14.8%
Percent Sold 73.8% 64.7% 14.1%
Total Raised £27,105,600 £20,344,751 33.2%


Yorkshire and The Humber

Total
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 811 931 -12.9%
Lots Sold 617 666 -7.4%
Percent Sold 76.1% 71.5% 6.4%
Total Raised £73,265,552 £63,450,150 15.5%


Residential
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 687 801 -14.2%
Lots Sold 516 589 -12.4%
Percent Sold 75.1% 73.5% 2.2%
Total Raised £43,984,052 £48,282,400 -8.9%


Commercial
July 2015 - September 2015 July 2014 - September 2014 Increase
Lots Offered 124 130 -4.6%
Lots Sold 101 77 31.2%
Percent Sold 81.5% 59.2% 37.7%
Total Raised £29,281,500 £15,167,750 93.1%


Your Comments

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