Auction Data for August 2015


Essential Auction News

David Sandeman, Managing Director Welcome to the September newsletter that looks back at property auction activity in August and preceding periods. As is usually the case August was relatively quiet when compared to other months, with only 47 auctions held offering predominantly residential stock. Therefore one should not read too much into the slight falls that are evident in the figures below, with lots offered and lots sold both dipping by 8% and 9% respectively.

The rolling quarterly figures, which are perhaps more indicative as to the current health of the market, show marginal falls in lots offered (down 3.6%), no change in lots sold and a 9% gain in the total raised to £980M. Unlike the British weather the property auction market appears to be 'holding steady'!

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

The rolling quarterly figures show a recent dip in the number of properties going to auction - 4% fewer residential and 2% fewer commercial lots offered in the 3-month period to August. Yet encouragingly the demand amongst auction buyers remains strong, as demonstrated by increasing sale rates in both sectors over the same period to 75.9% and 76.9% respectively. I would hope and expect this to continue for some time yet, as record low interest rates, rising rents and perpetual house price increases make an investment in auction property an attractive proposition.

Total

Last Month Last Quarter Last Year
August 2015 August 2014 Increase June 2015 - August 2015 June 2014 - August 2014 Increase September 2014 - August 2015 September 2013 - August 2014 Increase
Lots Offered 835 907 -7.9% 7,796 8,083 -3.6% 33,819 35,053 -3.5%
Lots Sold 559 617 -9.4% 5,932 5,930 0.0% 25,795 27,105 -4.8%
Percent Sold 66.9% 68% -1.6% 76.1% 73.4% 3.7% 76.3% 77.3% -1.3%
Total Raised £51,927,427 £56,281,350 -7.7% £980,324,430 £898,750,223 9.1% £4,299,570,474 £4,183,091,204 2.8%

Residential

Last Month Last Quarter Last Year
August 2015 August 2014 Increase June 2015 - August 2015 June 2014 - August 2014 Increase September 2014 - August 2015 September 2013 - August 2014 Increase
Lots Offered 763 831 -8.2% 6,421 6,680 -3.9% 27,272 28,335 -3.8%
Lots Sold 517 567 -8.8% 4,874 4,929 -1.1% 20,670 21,922 -5.7%
Percent Sold 67.8% 68.2% -0.6% 75.9% 73.8% 2.8% 75.8% 77.4% -2.1%
Total Raised £47,873,427 £49,337,350 -3.0% £730,283,448 £647,680,333 12.8% £3,016,200,158 £2,908,208,434 3.7%

Commercial

Last Month Last Quarter Last Year
August 2015 August 2014 Increase June 2015 - August 2015 June 2014 - August 2014 Increase September 2014 - August 2015 September 2013 - August 2014 Increase
Lots Offered 72 76 -5.3% 1,375 1,403 -2.0% 6,547 6,718 -2.5%
Lots Sold 42 50 -16.0% 1,058 1,001 5.7% 5,125 5,183 -1.1%
Percent Sold 58.3% 65.8% -11.4% 76.9% 71.3% 7.9% 78.3% 77.2% 1.4%
Total Raised £4,054,000 £6,944,000 -41.6% £250,040,982 £251,069,890 -0.4% £1,283,370,316 £1,274,882,770 0.7%


Regional Auction Analysis

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

East Anglia

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 262 286 -8.4%
Lots Sold 209 234 -10.7%
Percent Sold 79.8% 81.8% -2.4%
Total Raised £28,687,700 £28,928,200 -0.8%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 206 233 -11.6%
Lots Sold 162 195 -16.9%
Percent Sold 78.6% 83.7% -6.1%
Total Raised £21,707,700 £20,454,200 6.1%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 56 53 5.7%
Lots Sold 47 39 20.5%
Percent Sold 83.9% 73.6% 14.0%
Total Raised £6,980,000 £8,474,000 -17.6%


East Midlands

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 652 597 9.2%
Lots Sold 507 437 16.0%
Percent Sold 77.8% 73.2% 6.3%
Total Raised £66,797,953 £53,431,350 25.0%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 528 500 5.6%
Lots Sold 396 370 7.0%
Percent Sold 75% 74% 1.4%
Total Raised £47,331,102 £43,006,600 10.1%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 124 97 27.8%
Lots Sold 111 67 65.7%
Percent Sold 89.5% 69.1% 29.5%
Total Raised £19,466,851 £10,424,750 86.7%


London

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 632 704 -10.2%
Lots Sold 534 539 -0.9%
Percent Sold 84.5% 76.6% 10.3%
Total Raised £223,912,300 £221,591,550 1.0%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 575 625 -8.0%
Lots Sold 482 470 2.6%
Percent Sold 83.8% 75.2% 11.4%
Total Raised £193,196,300 £166,974,450 15.7%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 57 79 -27.8%
Lots Sold 52 69 -24.6%
Percent Sold 91.2% 87.3% 4.5%
Total Raised £30,716,000 £54,617,100 -43.8%


North-East

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 762 799 -4.6%
Lots Sold 510 561 -9.1%
Percent Sold 66.9% 70.2% -4.7%
Total Raised £44,466,951 £43,559,150 2.1%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 710 752 -5.6%
Lots Sold 467 532 -12.2%
Percent Sold 65.8% 70.7% -6.9%
Total Raised £34,415,351 £38,823,150 -11.4%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 52 47 10.6%
Lots Sold 43 29 48.3%
Percent Sold 82.7% 61.7% 34.0%
Total Raised £10,051,600 £4,736,000 112.2%


North-West

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 1,152 1,175 -2.0%
Lots Sold 870 844 3.1%
Percent Sold 75.5% 71.8% 5.2%
Total Raised £90,091,010 £86,791,398 3.8%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 944 894 5.6%
Lots Sold 731 651 12.3%
Percent Sold 77.4% 72.8% 6.3%
Total Raised £63,010,160 £51,474,168 22.4%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 208 281 -26.0%
Lots Sold 139 193 -28.0%
Percent Sold 66.8% 68.7% -2.8%
Total Raised £27,080,850 £35,317,230 -23.3%


North-West Home Counties

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 279 265 5.3%
Lots Sold 229 213 7.5%
Percent Sold 82.1% 80.4% 2.1%
Total Raised £68,267,300 £67,790,000 0.7%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 221 197 12.2%
Lots Sold 186 156 19.2%
Percent Sold 84.2% 79.2% 6.3%
Total Raised £49,745,500 £40,340,350 23.3%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 58 68 -14.7%
Lots Sold 43 57 -24.6%
Percent Sold 74.1% 83.8% -11.6%
Total Raised £18,521,800 £27,449,650 -32.5%


Northern Ireland

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 289 391 -26.1%
Lots Sold 159 285 -44.2%
Percent Sold 55% 72.9% -24.6%
Total Raised £10,791,200 £19,166,200 -43.7%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 228 345 -33.9%
Lots Sold 122 252 -51.6%
Percent Sold 53.5% 73% -26.7%
Total Raised £7,782,200 £16,248,700 -52.1%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 61 46 32.6%
Lots Sold 37 33 12.1%
Percent Sold 60.7% 71.7% -15.3%
Total Raised £3,009,000 £2,917,500 3.1%


Scotland

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 215 294 -26.9%
Lots Sold 142 137 3.6%
Percent Sold 66% 46.6% 41.6%
Total Raised £13,401,551 £7,790,350 72.0%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 153 231 -33.8%
Lots Sold 96 106 -9.4%
Percent Sold 62.7% 45.9% 36.6%
Total Raised £5,054,350 £4,706,350 7.4%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 62 63 -1.6%
Lots Sold 46 31 48.4%
Percent Sold 74.2% 49.2% 50.8%
Total Raised £8,347,201 £3,084,000 170.7%


South-East Home Counties

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 853 791 7.8%
Lots Sold 696 630 10.5%
Percent Sold 81.6% 79.6% 2.5%
Total Raised £160,646,800 £124,930,921 28.6%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 693 666 4.1%
Lots Sold 566 528 7.2%
Percent Sold 81.7% 79.3% 3.0%
Total Raised £115,464,650 £91,212,721 26.6%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 160 125 28.0%
Lots Sold 130 102 27.5%
Percent Sold 81.3% 81.6% -0.4%
Total Raised £45,182,150 £33,718,200 34.0%


South-West

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 614 598 2.7%
Lots Sold 470 441 6.6%
Percent Sold 76.5% 73.7% 3.8%
Total Raised £93,260,651 £86,910,510 7.3%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 466 445 4.7%
Lots Sold 350 320 9.4%
Percent Sold 75.1% 71.9% 4.5%
Total Raised £70,558,151 £58,545,350 20.5%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 148 153 -3.3%
Lots Sold 120 121 -0.8%
Percent Sold 81.1% 79.1% 2.5%
Total Raised £22,702,500 £28,365,160 -20.0%


Wales

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 553 550 0.5%
Lots Sold 415 385 7.8%
Percent Sold 75% 70% 7.1%
Total Raised £36,040,649 £31,761,694 13.5%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 405 424 -4.5%
Lots Sold 316 301 5.0%
Percent Sold 78% 71% 9.9%
Total Raised £26,094,219 £23,188,194 12.5%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 148 126 17.5%
Lots Sold 99 84 17.9%
Percent Sold 66.9% 66.7% 0.3%
Total Raised £9,946,430 £8,573,500 16.0%


West Midlands

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 879 875 0.5%
Lots Sold 685 672 1.9%
Percent Sold 77.9% 76.8% 1.4%
Total Raised £78,911,963 £73,441,000 7.4%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 733 731 0.3%
Lots Sold 571 578 -1.2%
Percent Sold 77.9% 79.1% -1.5%
Total Raised £57,760,363 £54,547,750 5.9%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 146 144 1.4%
Lots Sold 114 94 21.3%
Percent Sold 78.1% 65.3% 19.6%
Total Raised £21,151,600 £18,893,250 12.0%


Yorkshire and The Humber

Total
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 654 758 -13.7%
Lots Sold 506 552 -8.3%
Percent Sold 77.4% 72.8% 6.3%
Total Raised £65,048,402 £52,657,900 23.5%


Residential
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 559 637 -12.2%
Lots Sold 429 470 -8.7%
Percent Sold 76.7% 73.8% 3.9%
Total Raised £38,163,402 £38,158,350 0.0%


Commercial
June 2015 - August 2015 June 2014 - August 2014 Increase
Lots Offered 95 121 -21.5%
Lots Sold 77 82 -6.1%
Percent Sold 81.1% 67.8% 19.6%
Total Raised £26,885,000 £14,499,550 85.4%


Your Comments

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