Auction Data for May 2016


Essential Auction News

David Sandeman, Managing Director Welcome to the June newsletter that looks back at auction activity in May and preceding periods. I am pleased to report on a very positive set of auction results, which show a 21% rise in lots offered to 3,200 lots (up from 2,640 in May 2015), and a 17% rise in lots sold to 2,374 (up from 2,019 in May 2015). Furthermore, the total raised at UK property auctions increased by over £100M to £524.6M, the largest amount raised in the month of May since 2007.

These results are particularly pleasing as they've come against a backdrop of economic and political uncertainty caused by the impending EU referendum, which many forecasters warned could have a short-term detrimental effect on the housing market. Additionally, many predicted that the recent changes to stamp duty would cast gloom over the market, but the gains shown below in the residential market certainly buck the trend and dispel any notion of a declining market.

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

Results below show rises in 26 out of the 36 metrics measured, with many recording double-digit increases. Notably, last month the residential market recorded increases of 24% and 19% for lots offered and lots sold respectively, and a staggering £63M increase in the amount raised (up 25.7%). Further double-digit gains are evident in the rolling quarterly figures, with almost £100M extra revenue gained in the last 3 months compared with the same period last year - up 14% from £704M to £802.7M.

In the commercial market lots offered increased by 14% to 755 lots, and lots sold increased by 13% to 594 lots. Despite the recent upturn the rolling quarterly figures remain down on last year, with lots offered and lots sold both falling by 12%, although the amount raised did gain £58M to £407.1M.

Total

Last Month Last Quarter Last Year
May 2016 May 2015 Increase March 2016 - May 2016 March 2015 - May 2015 Increase June 2015 - May 2016 June 2014 - May 2015 Increase
Lots Offered 3,200 2,640 21.2% 8,626 8,183 5.4% 34,262 33,995 0.8%
Lots Sold 2,374 2,019 17.6% 6,416 6,155 4.2% 26,377 25,667 2.8%
Percent Sold 74.2% 76.5% -3.0% 74.4% 75.2% -1.1% 77% 75.5% 2.0%
Total Raised £524,669,971 £422,875,827 24.1% £1,209,916,547 £1,053,344,385 14.9% £4,771,103,982 £4,183,283,217 14.1%

Residential

Last Month Last Quarter Last Year
May 2016 May 2015 Increase March 2016 - May 2016 March 2015 - May 2015 Increase June 2015 - May 2016 June 2014 - May 2015 Increase
Lots Offered 2,445 1,979 23.5% 7,033 6,379 10.3% 28,265 27,429 3.0%
Lots Sold 1,780 1,494 19.1% 5,187 4,752 9.2% 21,669 20,608 5.1%
Percent Sold 72.8% 75.5% -3.6% 73.8% 74.5% -0.9% 76.7% 75.1% 2.1%
Total Raised £310,608,921 £247,142,617 25.7% £802,781,592 £704,085,550 14.0% £3,384,730,930 £2,924,851,923 15.7%

Commercial

Last Month Last Quarter Last Year
May 2016 May 2015 Increase March 2016 - May 2016 March 2015 - May 2015 Increase June 2015 - May 2016 June 2014 - May 2015 Increase
Lots Offered 755 661 14.2% 1,593 1,804 -11.7% 5,997 6,566 -8.7%
Lots Sold 594 525 13.1% 1,229 1,403 -12.4% 4,708 5,059 -6.9%
Percent Sold 78.7% 79.4% -0.9% 77.2% 77.8% -0.8% 78.5% 77% 1.9%
Total Raised £214,061,050 £175,733,210 21.8% £407,134,955 £349,258,835 16.6% £1,386,373,052 £1,258,431,294 10.2%


Regional Auction Analysis

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

East Anglia

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 261 223 17.0%
Lots Sold 201 176 14.2%
Percent Sold 77% 78.9% -2.4%
Total Raised £35,157,900 £27,056,800 29.9%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 175 151 15.9%
Lots Sold 131 115 13.9%
Percent Sold 74.9% 76.2% -1.7%
Total Raised £18,433,300 £16,241,300 13.5%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 86 72 19.4%
Lots Sold 70 61 14.8%
Percent Sold 81.4% 84.7% -3.9%
Total Raised £16,724,600 £10,815,500 54.6%


East Midlands

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 630 677 -6.9%
Lots Sold 466 524 -11.1%
Percent Sold 74% 77.4% -4.4%
Total Raised £74,265,473 £58,440,650 27.1%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 510 517 -1.4%
Lots Sold 365 394 -7.4%
Percent Sold 71.6% 76.2% -6.0%
Total Raised £43,571,473 £39,815,000 9.4%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 120 160 -25.0%
Lots Sold 101 130 -22.3%
Percent Sold 84.2% 81.3% 3.6%
Total Raised £30,694,000 £18,625,650 64.8%


London

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 717 673 6.5%
Lots Sold 554 562 -1.4%
Percent Sold 77.3% 83.5% -7.4%
Total Raised £260,807,450 £260,458,250 0.1%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 668 615 8.6%
Lots Sold 513 511 0.4%
Percent Sold 76.8% 83.1% -7.6%
Total Raised £223,023,450 £211,996,750 5.2%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 49 58 -15.5%
Lots Sold 41 51 -19.6%
Percent Sold 83.7% 87.9% -4.8%
Total Raised £37,784,000 £48,461,500 -22.0%


North-East

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 896 821 9.1%
Lots Sold 646 581 11.2%
Percent Sold 72.1% 70.8% 1.8%
Total Raised £54,604,283 £52,141,531 4.7%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 829 728 13.9%
Lots Sold 603 511 18.0%
Percent Sold 72.7% 70.2% 3.6%
Total Raised £44,221,283 £39,244,781 12.7%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 67 93 -28.0%
Lots Sold 43 70 -38.6%
Percent Sold 64.2% 75.3% -14.7%
Total Raised £10,383,000 £12,896,750 -19.5%


North-West

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 1,324 1,274 3.9%
Lots Sold 957 887 7.9%
Percent Sold 72.3% 69.6% 3.9%
Total Raised £106,475,557 £93,381,836 14.0%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 1,080 1,017 6.2%
Lots Sold 777 708 9.7%
Percent Sold 71.9% 69.6% 3.3%
Total Raised £63,994,152 £54,691,351 17.0%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 244 257 -5.1%
Lots Sold 180 179 0.6%
Percent Sold 73.8% 69.6% 6.0%
Total Raised £42,481,405 £38,690,485 9.8%


North-West Home Counties

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 321 284 13.0%
Lots Sold 265 234 13.2%
Percent Sold 82.6% 82.4% 0.2%
Total Raised £94,442,250 £85,155,750 10.9%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 246 192 28.1%
Lots Sold 199 156 27.6%
Percent Sold 80.9% 81.3% -0.5%
Total Raised £53,726,250 £45,296,500 18.6%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 75 92 -18.5%
Lots Sold 66 78 -15.4%
Percent Sold 88% 84.8% 3.8%
Total Raised £40,716,000 £39,859,250 2.1%


Northern Ireland

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 303 282 7.4%
Lots Sold 157 169 -7.1%
Percent Sold 51.8% 59.9% -13.5%
Total Raised £13,742,751 £12,521,225 9.8%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 258 234 10.3%
Lots Sold 131 132 -0.8%
Percent Sold 50.8% 56.4% -9.9%
Total Raised £10,313,251 £9,256,725 11.4%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 45 48 -6.3%
Lots Sold 26 37 -29.7%
Percent Sold 57.8% 77.1% -25.0%
Total Raised £3,429,500 £3,264,500 5.1%


Scotland

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 278 316 -12.0%
Lots Sold 177 178 -0.6%
Percent Sold 63.7% 56.3% 13.1%
Total Raised £12,913,975 £16,485,205 -21.7%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 220 229 -3.9%
Lots Sold 140 122 14.8%
Percent Sold 63.6% 53.3% 19.3%
Total Raised £7,526,975 £6,867,805 9.6%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 58 87 -33.3%
Lots Sold 37 56 -33.9%
Percent Sold 63.8% 64.4% -0.9%
Total Raised £5,387,000 £9,617,400 -44.0%


South-East Home Counties

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 1,064 1,047 1.6%
Lots Sold 856 840 1.9%
Percent Sold 80.5% 80.2% 0.4%
Total Raised £244,372,170 £183,412,800 33.2%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 829 801 3.5%
Lots Sold 658 648 1.5%
Percent Sold 79.4% 80.9% -1.9%
Total Raised £144,595,170 £119,801,350 20.7%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 235 246 -4.5%
Lots Sold 198 192 3.1%
Percent Sold 84.3% 78% 8.1%
Total Raised £99,777,000 £63,611,450 56.9%


South-West

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 545 603 -9.6%
Lots Sold 423 477 -11.3%
Percent Sold 77.6% 79.1% -1.9%
Total Raised £99,106,500 £78,321,622 26.5%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 390 424 -8.0%
Lots Sold 298 322 -7.5%
Percent Sold 76.4% 75.9% 0.7%
Total Raised £58,812,500 £57,330,872 2.6%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 155 179 -13.4%
Lots Sold 125 155 -19.4%
Percent Sold 80.6% 86.6% -6.9%
Total Raised £40,294,000 £20,990,750 92.0%


Wales

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 597 599 -0.3%
Lots Sold 440 470 -6.4%
Percent Sold 73.7% 78.5% -6.1%
Total Raised £43,328,956 £46,698,550 -7.2%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 440 398 10.6%
Lots Sold 325 318 2.2%
Percent Sold 73.9% 79.9% -7.5%
Total Raised £27,400,856 £24,489,700 11.9%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 157 201 -21.9%
Lots Sold 115 152 -24.3%
Percent Sold 73.2% 75.6% -3.2%
Total Raised £15,928,100 £22,208,850 -28.3%


West Midlands

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 881 724 21.7%
Lots Sold 684 566 20.8%
Percent Sold 77.6% 78.2% -0.8%
Total Raised £104,317,350 £90,611,200 15.1%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 686 552 24.3%
Lots Sold 533 433 23.1%
Percent Sold 77.7% 78.4% -0.9%
Total Raised £60,674,750 £47,800,100 26.9%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 195 172 13.4%
Lots Sold 151 133 13.5%
Percent Sold 77.4% 77.3% 0.1%
Total Raised £43,642,600 £42,811,100 1.9%


Yorkshire and The Humber

Total
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 809 660 22.6%
Lots Sold 590 491 20.2%
Percent Sold 72.9% 74.4% -2.0%
Total Raised £66,381,932 £48,658,966 36.4%


Residential
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 702 521 34.7%
Lots Sold 514 382 34.6%
Percent Sold 73.2% 73.3% -0.1%
Total Raised £46,488,182 £31,253,316 48.7%


Commercial
March 2016 - May 2016 March 2015 - May 2015 Increase
Lots Offered 107 139 -23.0%
Lots Sold 76 109 -30.3%
Percent Sold 71% 78.4% -9.4%
Total Raised £19,893,750 £17,405,650 14.3%


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