Auction Data for December 2015


Essential Auction News

David Sandeman, Managing Director Welcome to the first newsletter of 2016 which looks back at auction activity in December and preceding periods. There were 114 property auctions held across the UK last month, 20 fewer than in December 2014, so it is perhaps of little surprise to learn that overall lots offered fell by almost 4% to 3,336 lots, whilst the number of lots sold fell marginally to 2,591 lots (down just 0.5%). The amount raised from December sales topped £511m - up 4% on December 2014 and the first time since December 2006 that the market has broken the £500m mark for the month.

These figures provide a reasonable reflection of market performance through the whole of 2015. If you want to see how they fare against previous years trading then I strongly recommend you read our forthcoming auction market review, which provides an in-depth analysis of the market. This will be sent out by email shortly so do look out for it.

Finally may I take this opportunity of wishing you a happy and prosperous New Year!

Kind regards

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

National Auction Analysis

Looking back over the newsletters released in 2015, only 2 out of the 12 months recorded a gain in monthly lots offered (November +17% and June +1.7%), so unsurprisingly the annual figures below show an overall fall of 5% in lots offered to 33,241 lots. Yet whilst lots offered and lots sold were both down, the amount raised recorded a 2.6% gain in 2015 to £4.491bn - largely attributed to a 3.4% rise in residential auction receipts over the same period.

The commercial market, which began the year reasonably strongly with increasing numbers of lots offered and sold through Q1 and Q2, tailed off in the latter half of the year and this is reflected in the numbers shown below. Commercial lots offered fell 18% in December to 623 lots, whilst lots sold dropped 15% to 508 lots, and these falls had a significant impact on the quarterly results which show falls of 8.4% and 6.8% in lots offered and lots sold respectively.

On a positive note the auction sale rates remain very healthy, as the residential sector achieved 76.8% in December and the commercial sector 81.5%. These numbers indicate that there is still a high demand for auction property despite the slight dip in available stock.

Total

Last Month Last Quarter Last Year
December 2015 December 2014 Increase October 2015 - December 2015 October 2014 - December 2014 Increase January 2015 - December 2015 January 2014 - December 2014 Increase
Lots Offered 3,336 3,473 -3.9% 9,028 9,444 -4.4% 33,241 35,003 -5.0%
Lots Sold 2,591 2,605 -0.5% 6,972 7,060 -1.2% 25,921 26,867 -3.5%
Percent Sold 77.7% 75% 3.6% 77.2% 74.8% 3.2% 78% 76.8% 1.6%
Total Raised £511,017,131 £491,153,403 4.0% £1,357,715,712 £1,259,500,889 7.8% £4,491,193,215 £4,378,420,022 2.6%

Residential

Last Month Last Quarter Last Year
December 2015 December 2014 Increase October 2015 - December 2015 October 2014 - December 2014 Increase January 2015 - December 2015 January 2014 - December 2014 Increase
Lots Offered 2,713 2,712 0.0% 7,246 7,499 -3.4% 26,866 28,525 -5.8%
Lots Sold 2,083 2,008 3.7% 5,554 5,538 0.3% 20,845 21,834 -4.5%
Percent Sold 76.8% 74% 3.8% 76.6% 73.8% 3.8% 77.6% 76.5% 1.4%
Total Raised £331,343,088 £309,260,382 7.1% £893,417,820 £813,246,537 9.9% £3,162,530,538 £3,058,368,935 3.4%

Commercial

Last Month Last Quarter Last Year
December 2015 December 2014 Increase October 2015 - December 2015 October 2014 - December 2014 Increase January 2015 - December 2015 January 2014 - December 2014 Increase
Lots Offered 623 761 -18.1% 1,782 1,945 -8.4% 6,375 6,478 -1.6%
Lots Sold 508 597 -14.9% 1,418 1,522 -6.8% 5,076 5,033 0.9%
Percent Sold 81.5% 78.4% 4.0% 79.6% 78.3% 1.7% 79.6% 77.7% 2.4%
Total Raised £179,674,043 £181,893,021 -1.2% £464,297,892 £446,254,352 4.0% £1,328,662,677 £1,320,051,087 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
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 249 321 -22.4%
Lots Sold 204 252 -19.0%
Percent Sold 81.9% 78.5% 4.3%
Total Raised £39,558,025 £44,573,750 -11.3%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 175 261 -33.0%
Lots Sold 144 204 -29.4%
Percent Sold 82.3% 78.2% 5.2%
Total Raised £19,836,825 £28,587,750 -30.6%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 74 60 23.3%
Lots Sold 60 48 25.0%
Percent Sold 81.1% 80% 1.4%
Total Raised £19,721,200 £15,986,000 23.4%


East Midlands

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 796 778 2.3%
Lots Sold 620 581 6.7%
Percent Sold 77.9% 74.7% 4.3%
Total Raised £96,337,393 £82,306,905 17.0%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 651 612 6.4%
Lots Sold 501 445 12.6%
Percent Sold 77% 72.7% 5.9%
Total Raised £58,907,743 £48,138,855 22.4%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 145 166 -12.7%
Lots Sold 119 136 -12.5%
Percent Sold 82.1% 81.9% 0.2%
Total Raised £37,429,650 £34,168,050 9.5%


London

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 815 830 -1.8%
Lots Sold 647 656 -1.4%
Percent Sold 79.4% 79% 0.5%
Total Raised £310,756,450 £294,362,350 5.6%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 721 754 -4.4%
Lots Sold 559 589 -5.1%
Percent Sold 77.5% 78.1% -0.8%
Total Raised £261,472,750 £247,887,850 5.5%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 94 76 23.7%
Lots Sold 88 67 31.3%
Percent Sold 93.6% 88.2% 6.1%
Total Raised £49,283,700 £46,474,500 6.0%


North-East

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 824 781 5.5%
Lots Sold 600 565 6.2%
Percent Sold 72.8% 72.3% 0.7%
Total Raised £50,014,781 £49,860,095 0.3%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 746 691 8.0%
Lots Sold 549 494 11.1%
Percent Sold 73.6% 71.5% 2.9%
Total Raised £40,937,031 £33,371,595 22.7%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 78 90 -13.3%
Lots Sold 51 71 -28.2%
Percent Sold 65.4% 78.9% -17.1%
Total Raised £9,077,750 £16,488,500 -44.9%


North-West

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 1,494 1,390 7.5%
Lots Sold 1,089 1,000 8.9%
Percent Sold 72.9% 71.9% 1.4%
Total Raised £122,395,605 £112,174,658 9.1%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 1,219 1,081 12.8%
Lots Sold 885 781 13.3%
Percent Sold 72.6% 72.2% 0.6%
Total Raised £83,705,055 £66,406,261 26.0%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 275 309 -11.0%
Lots Sold 204 219 -6.8%
Percent Sold 74.2% 70.9% 4.7%
Total Raised £38,690,550 £45,768,397 -15.5%


North-West Home Counties

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 337 406 -17.0%
Lots Sold 285 321 -11.2%
Percent Sold 84.6% 79.1% 7.0%
Total Raised £106,083,201 £113,328,927 -6.4%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 241 300 -19.7%
Lots Sold 200 229 -12.7%
Percent Sold 83% 76.3% 8.8%
Total Raised £60,343,701 £58,553,777 3.1%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 96 106 -9.4%
Lots Sold 85 92 -7.6%
Percent Sold 88.5% 86.8% 2.0%
Total Raised £45,739,500 £54,775,150 -16.5%


Northern Ireland

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 230 333 -30.9%
Lots Sold 163 246 -33.7%
Percent Sold 70.9% 73.9% -4.1%
Total Raised £14,684,600 £17,347,800 -15.4%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 173 283 -38.9%
Lots Sold 117 202 -42.1%
Percent Sold 67.6% 71.4% -5.3%
Total Raised £10,516,000 £13,860,300 -24.1%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 57 50 14.0%
Lots Sold 46 44 4.5%
Percent Sold 80.7% 88% -8.3%
Total Raised £4,168,600 £3,487,500 19.5%


Scotland

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 274 346 -20.8%
Lots Sold 181 180 0.6%
Percent Sold 66.1% 52% 27.1%
Total Raised £25,518,805 £15,128,755 68.7%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 188 272 -30.9%
Lots Sold 114 136 -16.2%
Percent Sold 60.6% 50% 21.2%
Total Raised £7,003,405 £6,629,405 5.6%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 86 74 16.2%
Lots Sold 67 44 52.3%
Percent Sold 77.9% 59.5% 30.9%
Total Raised £18,515,400 £8,499,350 117.8%


South-East Home Counties

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 1,083 1,057 2.5%
Lots Sold 891 842 5.8%
Percent Sold 82.3% 79.7% 3.3%
Total Raised £254,434,150 £197,655,196 28.7%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 855 762 12.2%
Lots Sold 697 609 14.4%
Percent Sold 81.5% 79.9% 2.0%
Total Raised £151,884,200 £117,193,241 29.6%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 228 295 -22.7%
Lots Sold 194 233 -16.7%
Percent Sold 85.1% 79% 7.7%
Total Raised £102,549,950 £80,461,955 27.5%


South-West

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 638 676 -5.6%
Lots Sold 485 506 -4.2%
Percent Sold 76% 74.9% 1.5%
Total Raised £107,332,925 £107,109,550 0.2%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 424 482 -12.0%
Lots Sold 323 343 -5.8%
Percent Sold 76.2% 71.2% 7.0%
Total Raised £62,559,350 £55,913,800 11.9%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 214 194 10.3%
Lots Sold 162 163 -0.6%
Percent Sold 75.7% 84% -9.9%
Total Raised £44,773,575 £51,195,750 -12.5%


Wales

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 557 691 -19.4%
Lots Sold 438 534 -18.0%
Percent Sold 78.6% 77.3% 1.7%
Total Raised £36,794,835 £56,844,754 -35.3%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 447 503 -11.1%
Lots Sold 346 384 -9.9%
Percent Sold 77.4% 76.3% 1.4%
Total Raised £22,445,352 £30,591,254 -26.6%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 110 188 -41.5%
Lots Sold 92 150 -38.7%
Percent Sold 83.6% 79.8% 4.8%
Total Raised £14,349,483 £26,253,500 -45.3%


West Midlands

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 863 961 -10.2%
Lots Sold 699 743 -5.9%
Percent Sold 81% 77.3% 4.8%
Total Raised £111,812,586 £97,811,450 14.3%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 676 773 -12.5%
Lots Sold 547 593 -7.8%
Percent Sold 80.9% 76.7% 5.5%
Total Raised £64,454,852 £59,663,250 8.0%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 187 188 -0.5%
Lots Sold 152 150 1.3%
Percent Sold 81.3% 79.8% 1.9%
Total Raised £47,357,734 £38,148,200 24.1%


Yorkshire and The Humber

Total
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 868 874 -0.7%
Lots Sold 670 634 5.7%
Percent Sold 77.2% 72.5% 6.5%
Total Raised £81,992,356 £70,996,699 15.5%


Residential
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 730 725 0.7%
Lots Sold 572 529 8.1%
Percent Sold 78.4% 73% 7.4%
Total Raised £49,351,556 £46,449,199 6.2%


Commercial
October 2015 - December 2015 October 2014 - December 2014 Increase
Lots Offered 138 149 -7.4%
Lots Sold 98 105 -6.7%
Percent Sold 71% 70.5% 0.7%
Total Raised £32,640,800 £24,547,500 33.0%


Your Comments

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