Auction Data for June 2016


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Essential Auction News

David Sandeman, Managing Director Welcome to the July newsletter that looks back at auction activity in June and preceding periods. In the past month the UK has taken the historic decision to leave the EU, sending immediate shockwaves through the global economic markets and resulting in significant changes at the very top of our country's political tree.

It is perhaps no surprise to see the property auction market retract slightly during this period of uncertainty, with figures showing a 10% fall in lots offered (from 2,950 to 2,662 lots) and a 12% fall in lots sold (from 2,239 to 1,961 lots). However, it should be noted that these numbers are still high when compared with the years of recovery that followed the property crash in 08-09. History also shows us that the auction market is usually very quick to respond and I expect confidence to return before long - indeed a cursory glance at July's catalogues indicate a busy period ahead!

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 residential auction market saw falls of 6.6% in lots offered and 8.8% in lots sold last month, and a 16.3% decrease in amount raised. Despite these falls, the quarterly and rolling yearly figures remained largely positive due to a strong run of results in the months leading up to the EU referendum. Overall 254 more lots were offered in Q2 this year compared with the same period in 2015 (up 3.8%), whilst lots sold increased by 1.9% to 5,129 lots and the amount raised by 4% to £785.8m.

The commercial market also suffered as a result of pre-Brexit speculation. Lots offered fell by 25% in June, from 507 to 380 lots, whilst lots sold decreased by 30% from 381 to 267 lots. Despite the sharp fall in sales the commercial revenues fell by less than £3m, from £36.49m to £33.9m, and the quarterly figures and yearly figures actually show growth in this regard by 14% and 12%, to £300.55m and £1.446bn respectively.

Total

Last Month Last Quarter Last Year
June 2016 June 2015 Increase April 2016 - June 2016 April 2015 - June 2015 Increase July 2015 - June 2016 July 2014 - June 2015 Increase
Lots Offered 2,662 2,950 -9.8% 8,328 8,287 0.5% 33,965 34,065 -0.3%
Lots Sold 1,961 2,239 -12.4% 6,244 6,339 -1.5% 26,215 25,877 1.3%
Percent Sold 73.7% 75.9% -2.9% 75% 76.5% -2.0% 77.2% 76% 1.6%
Total Raised £277,106,686 £326,940,774 -15.2% £1,086,385,434 £1,020,136,424 6.5% £4,814,412,474 £4,271,049,464 12.7%

Residential

Last Month Last Quarter Last Year
June 2016 June 2015 Increase April 2016 - June 2016 April 2015 - June 2015 Increase July 2015 - June 2016 July 2014 - June 2015 Increase
Lots Offered 2,282 2,443 -6.6% 6,858 6,604 3.8% 28,096 27,453 2.3%
Lots Sold 1,694 1,858 -8.8% 5,129 5,032 1.9% 21,584 20,733 4.1%
Percent Sold 74.2% 76.1% -2.5% 74.8% 76.2% -1.8% 76.8% 75.5% 1.7%
Total Raised £243,206,371 £290,447,942 -16.3% £785,839,564 £755,618,682 4.0% £3,368,419,219 £2,974,222,798 13.3%

Commercial

Last Month Last Quarter Last Year
June 2016 June 2015 Increase April 2016 - June 2016 April 2015 - June 2015 Increase July 2015 - June 2016 July 2014 - June 2015 Increase
Lots Offered 380 507 -25.0% 1,470 1,683 -12.7% 5,869 6,612 -11.2%
Lots Sold 267 381 -29.9% 1,115 1,307 -14.7% 4,631 5,144 -10.0%
Percent Sold 70.3% 75.1% -6.4% 75.9% 77.7% -2.3% 78.9% 77.8% 1.4%
Total Raised £33,900,315 £36,492,832 -7.1% £300,545,870 £264,517,742 13.6% £1,445,993,255 £1,296,826,666 11.5%


Regional Auction Analysis

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

East Anglia

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 276 277 -0.4%
Lots Sold 223 214 4.2%
Percent Sold 80.8% 77.3% 4.5%
Total Raised £39,232,800 £31,148,700 26.0%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 195 212 -8.0%
Lots Sold 153 162 -5.6%
Percent Sold 78.5% 76.4% 2.7%
Total Raised £22,868,200 £23,516,700 -2.8%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 81 65 24.6%
Lots Sold 70 52 34.6%
Percent Sold 86.4% 80% 8.0%
Total Raised £16,364,600 £7,632,000 114.4%


East Midlands

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 624 698 -10.6%
Lots Sold 460 561 -18.0%
Percent Sold 73.7% 80.4% -8.3%
Total Raised £65,221,939 £67,256,703 -3.0%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 526 544 -3.3%
Lots Sold 380 423 -10.2%
Percent Sold 72.2% 77.8% -7.2%
Total Raised £42,586,939 £48,718,502 -12.6%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 98 154 -36.4%
Lots Sold 80 138 -42.0%
Percent Sold 81.6% 89.6% -8.9%
Total Raised £22,635,000 £18,538,201 22.1%


London

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 678 670 1.2%
Lots Sold 515 578 -10.9%
Percent Sold 76% 86.3% -11.9%
Total Raised £217,117,950 £253,691,250 -14.4%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 643 615 4.6%
Lots Sold 489 528 -7.4%
Percent Sold 76% 85.9% -11.5%
Total Raised £198,189,950 £222,821,750 -11.1%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 35 55 -36.4%
Lots Sold 26 50 -48.0%
Percent Sold 74.3% 90.9% -18.3%
Total Raised £18,928,000 £30,869,500 -38.7%


North-East

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 874 836 4.5%
Lots Sold 645 590 9.3%
Percent Sold 73.8% 70.6% 4.5%
Total Raised £53,233,635 £50,128,686 6.2%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 811 766 5.9%
Lots Sold 606 531 14.1%
Percent Sold 74.7% 69.3% 7.8%
Total Raised £45,287,635 £39,804,686 13.8%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 63 70 -10.0%
Lots Sold 39 59 -33.9%
Percent Sold 61.9% 84.3% -26.6%
Total Raised £7,946,000 £10,324,000 -23.0%


North-West

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 1,249 1,266 -1.3%
Lots Sold 953 935 1.9%
Percent Sold 76.3% 73.9% 3.2%
Total Raised £107,031,467 £96,590,657 10.8%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 991 994 -0.3%
Lots Sold 754 744 1.3%
Percent Sold 76.1% 74.8% 1.7%
Total Raised £65,186,562 £60,223,297 8.2%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 258 272 -5.1%
Lots Sold 199 191 4.2%
Percent Sold 77.1% 70.2% 9.8%
Total Raised £41,844,905 £36,367,360 15.1%


North-West Home Counties

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 319 283 12.7%
Lots Sold 265 234 13.2%
Percent Sold 83.1% 82.7% 0.5%
Total Raised £81,188,450 £74,525,750 8.9%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 258 189 36.5%
Lots Sold 216 154 40.3%
Percent Sold 83.7% 81.5% 2.7%
Total Raised £56,921,950 £41,582,500 36.9%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 61 94 -35.1%
Lots Sold 49 80 -38.8%
Percent Sold 80.3% 85.1% -5.6%
Total Raised £24,266,500 £32,943,250 -26.3%


Northern Ireland

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 262 269 -2.6%
Lots Sold 96 156 -38.5%
Percent Sold 36.6% 58% -36.9%
Total Raised £7,486,000 £11,245,650 -33.4%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 226 215 5.1%
Lots Sold 79 122 -35.2%
Percent Sold 35% 56.7% -38.3%
Total Raised £5,767,000 £8,388,150 -31.2%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 36 54 -33.3%
Lots Sold 17 34 -50.0%
Percent Sold 47.2% 63% -25.1%
Total Raised £1,719,000 £2,857,500 -39.8%


Scotland

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 206 272 -24.3%
Lots Sold 122 143 -14.7%
Percent Sold 59.2% 52.6% 12.5%
Total Raised £9,645,075 £14,041,556 -31.3%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 150 189 -20.6%
Lots Sold 83 91 -8.8%
Percent Sold 55.3% 48.1% 15.0%
Total Raised £4,747,075 £5,306,455 -10.5%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 56 83 -32.5%
Lots Sold 39 52 -25.0%
Percent Sold 69.6% 62.7% 11.0%
Total Raised £4,898,000 £8,735,101 -43.9%


South-East Home Counties

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 930 931 -0.1%
Lots Sold 741 756 -2.0%
Percent Sold 79.7% 81.2% -1.8%
Total Raised £203,114,900 £159,698,400 27.2%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 747 746 0.1%
Lots Sold 594 612 -2.9%
Percent Sold 79.5% 82% -3.0%
Total Raised £135,256,850 £118,638,450 14.0%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 183 185 -1.1%
Lots Sold 147 144 2.1%
Percent Sold 80.3% 77.8% 3.2%
Total Raised £67,858,050 £41,059,950 65.3%


South-West

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 636 648 -1.9%
Lots Sold 502 515 -2.5%
Percent Sold 78.9% 79.5% -0.8%
Total Raised £101,804,240 £90,074,172 13.0%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 482 490 -1.6%
Lots Sold 379 387 -2.1%
Percent Sold 78.6% 79% -0.5%
Total Raised £71,887,575 £70,985,922 1.3%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 154 158 -2.5%
Lots Sold 123 128 -3.9%
Percent Sold 79.9% 81% -1.4%
Total Raised £29,916,665 £19,088,250 56.7%


Wales

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 574 638 -10.0%
Lots Sold 413 490 -15.7%
Percent Sold 72% 76.8% -6.3%
Total Raised £40,433,016 £44,722,830 -9.6%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 425 434 -2.1%
Lots Sold 310 340 -8.8%
Percent Sold 72.9% 78.3% -6.9%
Total Raised £27,024,916 £26,856,950 0.6%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 149 204 -27.0%
Lots Sold 103 150 -31.3%
Percent Sold 69.1% 73.5% -6.0%
Total Raised £13,408,100 £17,865,880 -25.0%


West Midlands

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 875 827 5.8%
Lots Sold 702 666 5.4%
Percent Sold 80.2% 80.5% -0.4%
Total Raised £94,442,481 £80,270,450 17.7%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 705 656 7.5%
Lots Sold 571 528 8.1%
Percent Sold 81% 80.5% 0.6%
Total Raised £62,709,481 £54,694,850 14.7%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 170 171 -0.6%
Lots Sold 131 138 -5.1%
Percent Sold 77.1% 80.7% -4.5%
Total Raised £31,733,000 £25,575,600 24.1%


Yorkshire and The Humber

Total
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 825 672 22.8%
Lots Sold 607 501 21.2%
Percent Sold 73.6% 74.6% -1.3%
Total Raised £66,433,481 £46,741,620 42.1%


Residential
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 699 554 26.2%
Lots Sold 515 410 25.6%
Percent Sold 73.7% 74% -0.4%
Total Raised £47,405,431 £34,080,470 39.1%


Commercial
April 2016 - June 2016 April 2015 - June 2015 Increase
Lots Offered 126 118 6.8%
Lots Sold 92 91 1.1%
Percent Sold 73% 77.1% -5.3%
Total Raised £19,028,050 £12,661,150 50.3%


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