Auction Data for March 2016


Essential Auction News

David Sandeman, Managing Director Welcome to the April newsletter that looks back at auction activity in March and preceding periods. Following last month's newsletter in which I reported on an unprecedented buying surge resulting in 25-year old records being broken, this month's figures show more modest gains as the market returned to normality.

Overall lots offered was up 5.8%, from 2,800 lots to 2,962 lots, whilst lots sold rose 4.4% to 2,188 lots (from 2,096 in March 2015). Figures for Q1 show double-digit gains of 10% for both lots offered and sold, whilst the total amount raised broke through the £1bn mark for the first time in 9 years - up over 28% to £1.145bn.

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

For the fourth month running the figures show noticeable differences between the two property auction sectors. In the residential market the number of instructions rose by 12.5% to 2,457 lots - 273 more lots than in March 2015, whilst lots sold increased by 11% to 1,788 lots (from 1,611 in March 2015). Coupled with the huge gains made in February, the Q1 2016 figures show lots offered and sold up a staggering 18% on Q1 2015, whilst the residential amount raised increased by 28% during the same period - over £174m in monetary terms.

The commercial market, on the other hand, saw last month lots offered and lots sold both down 18% on March 2015, with similar drops evident in the quarterly figures. However, whilst lots offered and sold have both decreased, the value of commercial auction sales has actually increased, as reflected in the total raised comparisons below. Commercial receipts were up over 21% during March (from £133.6m to £162.6m), and by almost 30% in Q1 (from £273.2m to £354.3m).


Total lots sold and total raised at auction in Q1

Total

Last Month Last Quarter Last Year
March 2016 March 2015 Increase January 2016 - March 2016 January 2015 - March 2015 Increase April 2015 - March 2016 April 2014 - March 2015 Increase
Lots Offered 2,962 2,800 5.8% 7,902 7,158 10.4% 33,954 34,761 -2.3%
Lots Sold 2,188 2,096 4.4% 6,034 5,490 9.9% 26,301 26,447 -0.6%
Percent Sold 73.9% 74.9% -1.3% 76.4% 76.7% -0.4% 77.5% 76.1% 1.8%
Total Raised £433,789,994 £376,135,215 15.3% £1,145,823,913 £890,348,004 28.7% £4,701,710,542 £4,283,161,657 9.8%

Residential

Last Month Last Quarter Last Year
March 2016 March 2015 Increase January 2016 - March 2016 January 2015 - March 2015 Increase April 2015 - March 2016 April 2014 - March 2015 Increase
Lots Offered 2,457 2,184 12.5% 6,686 5,666 18.0% 27,856 28,250 -1.4%
Lots Sold 1,788 1,611 11.0% 5,077 4,311 17.8% 21,481 21,427 0.3%
Percent Sold 72.8% 73.8% -1.4% 75.9% 76.1% -0.3% 77.1% 75.8% 1.7%
Total Raised £271,191,894 £242,473,290 11.8% £791,517,913 £617,117,784 28.3% £3,324,098,085 £3,010,506,153 10.4%

Commercial

Last Month Last Quarter Last Year
March 2016 March 2015 Increase January 2016 - March 2016 January 2015 - March 2015 Increase April 2015 - March 2016 April 2014 - March 2015 Increase
Lots Offered 505 616 -18.0% 1,216 1,492 -18.5% 6,098 6,511 -6.3%
Lots Sold 400 485 -17.5% 957 1,179 -18.8% 4,820 5,020 -4.0%
Percent Sold 79.2% 78.7% 0.6% 78.7% 79% -0.4% 79% 77.1% 2.5%
Total Raised £162,598,100 £133,661,925 21.6% £354,306,000 £273,230,220 29.7% £1,377,612,457 £1,272,655,504 8.2%


Regional Auction Analysis

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

East Anglia

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 196 205 -4.4%
Lots Sold 148 167 -11.4%
Percent Sold 75.5% 81.5% -7.4%
Total Raised £24,306,200 £23,794,550 2.2%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 142 133 6.8%
Lots Sold 109 113 -3.5%
Percent Sold 76.8% 85% -9.6%
Total Raised £14,690,850 £13,732,050 7.0%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 54 72 -25.0%
Lots Sold 39 54 -27.8%
Percent Sold 72.2% 75% -3.7%
Total Raised £9,615,350 £10,062,500 -4.4%


East Midlands

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 606 592 2.4%
Lots Sold 465 469 -0.9%
Percent Sold 76.7% 79.2% -3.2%
Total Raised £71,963,607 £55,364,592 30.0%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 509 466 9.2%
Lots Sold 391 370 5.7%
Percent Sold 76.8% 79.4% -3.3%
Total Raised £46,953,207 £37,954,265 23.7%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 97 126 -23.0%
Lots Sold 74 99 -25.3%
Percent Sold 76.3% 78.6% -2.9%
Total Raised £25,010,400 £17,410,327 43.7%


London

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 735 628 17.0%
Lots Sold 607 515 17.9%
Percent Sold 82.6% 82% 0.7%
Total Raised £275,750,500 £217,185,800 27.0%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 673 578 16.4%
Lots Sold 549 473 16.1%
Percent Sold 81.6% 81.8% -0.2%
Total Raised £233,422,500 £185,803,200 25.6%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 62 50 24.0%
Lots Sold 58 42 38.1%
Percent Sold 93.5% 84% 11.3%
Total Raised £42,328,000 £31,382,600 34.9%


North-East

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 757 718 5.4%
Lots Sold 539 527 2.3%
Percent Sold 71.2% 73.4% -3.0%
Total Raised £45,007,485 £44,384,020 1.4%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 701 646 8.5%
Lots Sold 502 480 4.6%
Percent Sold 71.6% 74.3% -3.6%
Total Raised £35,058,735 £37,463,770 -6.4%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 56 72 -22.2%
Lots Sold 37 47 -21.3%
Percent Sold 66.1% 65.3% 1.2%
Total Raised £9,948,750 £6,920,250 43.8%


North-West

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 1,342 1,112 20.7%
Lots Sold 970 810 19.8%
Percent Sold 72.3% 72.8% -0.7%
Total Raised £93,634,906 £76,202,507 22.9%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 1,137 864 31.6%
Lots Sold 814 621 31.1%
Percent Sold 71.6% 71.9% -0.4%
Total Raised £65,816,126 £47,805,753 37.7%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 205 248 -17.3%
Lots Sold 156 189 -17.5%
Percent Sold 76.1% 76.2% -0.1%
Total Raised £27,818,780 £28,396,754 -2.0%


North-West Home Counties

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 296 242 22.3%
Lots Sold 249 198 25.8%
Percent Sold 84.1% 81.8% 2.8%
Total Raised £103,718,200 £66,428,800 56.1%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 229 172 33.1%
Lots Sold 189 143 32.2%
Percent Sold 82.5% 83.1% -0.7%
Total Raised £58,128,700 £37,167,750 56.4%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 67 70 -4.3%
Lots Sold 60 55 9.1%
Percent Sold 89.6% 78.6% 14.0%
Total Raised £45,589,500 £29,261,050 55.8%


Northern Ireland

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 268 308 -13.0%
Lots Sold 154 183 -15.8%
Percent Sold 57.5% 59.4% -3.2%
Total Raised £13,174,001 £13,149,025 0.2%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 226 258 -12.4%
Lots Sold 130 146 -11.0%
Percent Sold 57.5% 56.6% 1.6%
Total Raised £10,344,501 £9,884,525 4.7%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 42 50 -16.0%
Lots Sold 24 37 -35.1%
Percent Sold 57.1% 74% -22.8%
Total Raised £2,829,500 £3,264,500 -13.3%


Scotland

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 238 238 0.0%
Lots Sold 151 134 12.7%
Percent Sold 63.4% 56.3% 12.6%
Total Raised £12,713,700 £13,850,600 -8.2%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 188 174 8.0%
Lots Sold 118 90 31.1%
Percent Sold 62.8% 51.7% 21.5%
Total Raised £6,696,100 £5,138,500 30.3%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 50 64 -21.9%
Lots Sold 33 44 -25.0%
Percent Sold 66% 68.8% -4.1%
Total Raised £6,017,600 £8,712,100 -30.9%


South-East Home Counties

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 1,030 918 12.2%
Lots Sold 846 747 13.3%
Percent Sold 82.1% 81.4% 0.9%
Total Raised £231,200,281 £163,121,750 41.7%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 847 702 20.7%
Lots Sold 689 571 20.7%
Percent Sold 81.3% 81.3% 0.0%
Total Raised £149,365,321 £110,870,750 34.7%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 183 216 -15.3%
Lots Sold 157 176 -10.8%
Percent Sold 85.8% 81.5% 5.3%
Total Raised £81,834,960 £52,251,000 56.6%


South-West

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 488 444 9.9%
Lots Sold 369 335 10.1%
Percent Sold 75.6% 75.5% 0.1%
Total Raised £76,502,585 £54,519,600 40.3%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 380 325 16.9%
Lots Sold 283 233 21.5%
Percent Sold 74.5% 71.7% 3.9%
Total Raised £49,844,575 £37,349,100 33.5%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 108 119 -9.2%
Lots Sold 86 102 -15.7%
Percent Sold 79.6% 85.7% -7.1%
Total Raised £26,658,010 £17,170,500 55.3%


Wales

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 417 436 -4.4%
Lots Sold 324 339 -4.4%
Percent Sold 77.7% 77.8% -0.1%
Total Raised £27,666,288 £32,436,550 -14.7%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 345 310 11.3%
Lots Sold 268 243 10.3%
Percent Sold 77.7% 78.4% -0.9%
Total Raised £18,855,238 £17,685,550 6.6%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 72 126 -42.9%
Lots Sold 56 96 -41.7%
Percent Sold 77.8% 76.2% 2.1%
Total Raised £8,811,050 £14,751,000 -40.3%


West Midlands

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 757 670 13.0%
Lots Sold 608 544 11.8%
Percent Sold 80.3% 81.2% -1.1%
Total Raised £97,509,100 £79,395,639 22.8%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 636 535 18.9%
Lots Sold 507 431 17.6%
Percent Sold 79.7% 80.6% -1.1%
Total Raised £54,623,000 £43,833,850 24.6%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 121 135 -10.4%
Lots Sold 101 113 -10.6%
Percent Sold 83.5% 83.7% -0.2%
Total Raised £42,886,100 £35,561,789 20.6%


Yorkshire and The Humber

Total
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 772 647 19.3%
Lots Sold 604 522 15.7%
Percent Sold 78.2% 80.7% -3.1%
Total Raised £72,677,060 £50,514,571 43.9%


Residential
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 673 503 33.8%
Lots Sold 528 397 33.0%
Percent Sold 78.5% 78.9% -0.5%
Total Raised £47,719,060 £32,428,721 47.2%


Commercial
January 2016 - March 2016 January 2015 - March 2015 Increase
Lots Offered 99 144 -31.3%
Lots Sold 76 125 -39.2%
Percent Sold 76.8% 86.8% -11.5%
Total Raised £24,958,000 £18,085,850 38.0%


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