Auction Data for January 2016


Essential Auction News

David Sandeman, Managing Director Welcome to the February newsletter that looks back at auction activity in January and preceding periods. With the vast majority of auctioneer's busily taking instructions for their February sales, January was predictably quiet with only 492 lots offered and 354 lots sold across 15 auctions.

Whilst these numbers are marginally down on last year I would discourage from drawing any conclusions, but instead wait to see how the market fares over the next few months. Early indications are that we will see a surge in auction activity, especially in the residential sector, as buyers and sellers seek to complete before the new stamp duty surcharges take effect in April.

I am pleased to report that I have just published a residential auction market review for 2015, which provides a detailed account of the trends witnessed in the market over the last few years - you can read it here.

As ever I would welcome any comments or feedback you may 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

The rolling quarterly figures show increases in the residential sector, with lots offered and sold up 7% and 12% respectively. These recent gains have not been large enough to swing the year-on-year comparisons into positive territory, as figures show that 5% fewer residential lots have been offered in the last 12 months - over 1,600, but as mentioned above we expect a flurry of activity in the near future.

Total

Last Month Last Quarter Last Year
January 2016 January 2015 Increase November 2015 - January 2016 November 2014 - January 2015 Increase February 2015 - January 2016 February 2014 - January 2015 Increase
Lots Offered 492 508 -3.1% 6,236 5,975 4.4% 33,228 34,977 -5.0%
Lots Sold 354 365 -3.0% 4,850 4,459 8.8% 25,957 26,879 -3.4%
Percent Sold 72% 71.9% 0.1% 77.8% 74.6% 4.3% 78.1% 76.8% 1.7%
Total Raised £33,078,535 £33,906,989 -2.4% £846,066,028 £697,409,746 21.3% £4,511,185,322 £4,378,724,099 3.0%

Residential

Last Month Last Quarter Last Year
January 2016 January 2015 Increase November 2015 - January 2016 November 2014 - January 2015 Increase February 2015 - January 2016 February 2014 - January 2015 Increase
Lots Offered 473 465 1.7% 5,238 4,894 7.0% 26,878 28,501 -5.7%
Lots Sold 343 338 1.5% 4,054 3,618 12.1% 20,886 21,844 -4.4%
Percent Sold 72.5% 72.7% -0.3% 77.4% 73.9% 4.7% 77.7% 76.6% 1.4%
Total Raised £31,865,035 £30,263,989 5.3% £626,474,476 £488,153,175 28.3% £3,181,024,922 £3,057,863,012 4.0%

Commercial

Last Month Last Quarter Last Year
January 2016 January 2015 Increase November 2015 - January 2016 November 2014 - January 2015 Increase February 2015 - January 2016 February 2014 - January 2015 Increase
Lots Offered 19 43 -55.8% 998 1,081 -7.7% 6,350 6,476 -1.9%
Lots Sold 11 27 -59.3% 796 841 -5.4% 5,071 5,035 0.7%
Percent Sold 57.9% 62.8% -7.8% 79.8% 77.8% 2.6% 79.9% 77.7% 2.8%
Total Raised £1,213,500 £3,643,000 -66.7% £219,591,552 £209,256,571 4.9% £1,330,160,400 £1,320,861,087 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
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 177 188 -5.9%
Lots Sold 145 147 -1.4%
Percent Sold 81.9% 78.2% 4.7%
Total Raised £22,503,025 £25,103,250 -10.4%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 128 152 -15.8%
Lots Sold 105 120 -12.5%
Percent Sold 82% 78.9% 3.9%
Total Raised £14,269,825 £16,463,750 -13.3%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 49 36 36.1%
Lots Sold 40 27 48.1%
Percent Sold 81.6% 75% 8.8%
Total Raised £8,233,200 £8,639,500 -4.7%


East Midlands

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 540 546 -1.1%
Lots Sold 421 417 1.0%
Percent Sold 78% 76.4% 2.1%
Total Raised £63,807,043 £52,686,214 21.1%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 460 437 5.3%
Lots Sold 359 326 10.1%
Percent Sold 78% 74.6% 4.6%
Total Raised £44,560,393 £35,821,164 24.4%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 80 109 -26.6%
Lots Sold 62 91 -31.9%
Percent Sold 77.5% 83.5% -7.2%
Total Raised £19,246,650 £16,865,050 14.1%


London

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 582 427 36.3%
Lots Sold 474 343 38.2%
Percent Sold 81.4% 80.3% 1.4%
Total Raised £218,329,450 £145,740,000 49.8%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 527 386 36.5%
Lots Sold 423 305 38.7%
Percent Sold 80.3% 79% 1.6%
Total Raised £191,577,250 £126,400,000 51.6%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 55 41 34.1%
Lots Sold 51 38 34.2%
Percent Sold 92.7% 92.7% 0.0%
Total Raised £26,752,200 £19,340,000 38.3%


North-East

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 721 650 10.9%
Lots Sold 551 467 18.0%
Percent Sold 76.4% 71.8% 6.4%
Total Raised £41,492,280 £36,769,950 12.8%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 678 588 15.3%
Lots Sold 519 418 24.2%
Percent Sold 76.5% 71.1% 7.6%
Total Raised £37,175,030 £28,139,700 32.1%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 43 62 -30.6%
Lots Sold 32 49 -34.7%
Percent Sold 74.4% 79% -5.8%
Total Raised £4,317,250 £8,630,250 -50.0%


North-West

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 883 771 14.5%
Lots Sold 658 576 14.2%
Percent Sold 74.5% 74.7% -0.3%
Total Raised £69,658,069 £62,327,485 11.8%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 737 613 20.2%
Lots Sold 544 462 17.7%
Percent Sold 73.8% 75.4% -2.1%
Total Raised £47,957,369 £39,453,864 21.6%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 146 158 -7.6%
Lots Sold 114 114 0.0%
Percent Sold 78.1% 72.2% 8.2%
Total Raised £21,700,700 £22,873,621 -5.1%


North-West Home Counties

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 189 219 -13.7%
Lots Sold 159 168 -5.4%
Percent Sold 84.1% 76.7% 9.6%
Total Raised £48,477,201 £61,892,150 -21.7%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 148 164 -9.8%
Lots Sold 123 122 0.8%
Percent Sold 83.1% 74.4% 11.7%
Total Raised £33,159,201 £34,791,500 -4.7%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 41 55 -25.5%
Lots Sold 36 46 -21.7%
Percent Sold 87.8% 83.6% 5.0%
Total Raised £15,318,000 £27,100,650 -43.5%


Northern Ireland

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 225 258 -12.8%
Lots Sold 157 193 -18.7%
Percent Sold 69.8% 74.8% -6.7%
Total Raised £14,470,850 £13,823,550 4.7%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 168 212 -20.8%
Lots Sold 112 153 -26.8%
Percent Sold 66.7% 72.2% -7.6%
Total Raised £10,371,250 £10,641,050 -2.5%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 57 46 23.9%
Lots Sold 45 40 12.5%
Percent Sold 78.9% 87% -9.3%
Total Raised £4,099,600 £3,182,500 28.8%


Scotland

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 219 285 -23.2%
Lots Sold 140 143 -2.1%
Percent Sold 63.9% 50.2% 27.3%
Total Raised £13,289,305 £10,654,700 24.7%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 172 230 -25.2%
Lots Sold 103 114 -9.6%
Percent Sold 59.9% 49.6% 20.8%
Total Raised £6,907,905 £6,035,450 14.5%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 47 55 -14.5%
Lots Sold 37 29 27.6%
Percent Sold 78.7% 52.7% 49.3%
Total Raised £6,381,400 £4,619,250 38.1%


South-East Home Counties

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 775 643 20.5%
Lots Sold 638 512 24.6%
Percent Sold 82.3% 79.6% 3.4%
Total Raised £164,602,750 £110,559,218 48.9%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 646 483 33.7%
Lots Sold 525 389 35.0%
Percent Sold 81.3% 80.5% 1.0%
Total Raised £104,432,550 £71,369,218 46.3%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 129 160 -19.4%
Lots Sold 113 123 -8.1%
Percent Sold 87.6% 76.9% 13.9%
Total Raised £60,170,200 £39,190,000 53.5%


South-West

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 417 387 7.8%
Lots Sold 309 285 8.4%
Percent Sold 74.1% 73.6% 0.7%
Total Raised £58,397,480 £49,530,900 17.9%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 309 301 2.7%
Lots Sold 232 210 10.5%
Percent Sold 75.1% 69.8% 7.6%
Total Raised £41,576,405 £33,545,650 23.9%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 108 86 25.6%
Lots Sold 77 75 2.7%
Percent Sold 71.3% 87.2% -18.2%
Total Raised £16,821,075 £15,985,250 5.2%


Wales

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 341 398 -14.3%
Lots Sold 273 309 -11.7%
Percent Sold 80.1% 77.6% 3.2%
Total Raised £19,505,840 £30,432,704 -35.9%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 266 303 -12.2%
Lots Sold 209 237 -11.8%
Percent Sold 78.6% 78.2% 0.5%
Total Raised £12,647,047 £17,957,704 -29.6%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 75 95 -21.1%
Lots Sold 64 72 -11.1%
Percent Sold 85.3% 75.8% 12.5%
Total Raised £6,858,793 £12,475,000 -45.0%


West Midlands

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 594 619 -4.0%
Lots Sold 485 479 1.3%
Percent Sold 81.6% 77.4% 5.4%
Total Raised £65,228,185 £57,637,900 13.2%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 501 520 -3.7%
Lots Sold 413 400 3.3%
Percent Sold 82.4% 76.9% 7.2%
Total Raised £46,857,701 £37,141,900 26.2%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 93 99 -6.1%
Lots Sold 72 79 -8.9%
Percent Sold 77.4% 79.8% -3.0%
Total Raised £18,370,484 £20,496,000 -10.4%


Yorkshire and The Humber

Total
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 573 584 -1.9%
Lots Sold 440 420 4.8%
Percent Sold 76.8% 71.9% 6.8%
Total Raised £46,304,550 £40,251,725 15.0%


Residential
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 498 505 -1.4%
Lots Sold 387 362 6.9%
Percent Sold 77.7% 71.7% 8.4%
Total Raised £34,982,550 £30,392,225 15.1%


Commercial
November 2015 - January 2016 November 2014 - January 2015 Increase
Lots Offered 75 79 -5.1%
Lots Sold 53 58 -8.6%
Percent Sold 70.7% 73.4% -3.7%
Total Raised £11,322,000 £9,859,500 14.8%


Your Comments

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