Essential Information Group

September 2016 Newsletter

EIG monthly Newsletter

Essential Auction News

Welcome to the September newsletter that looks back at auction activity in August and preceding periods. The traditionally quiet month of August has yielded a surprisingly positive set of auction results. In the 48 auctions held across the UK last month, lots offered was up 15% to 960 lots, lots sold up 20% to 670 lots and the amount raised also up 20% to £62M.

Whilst one swallow doesn't make a summer (especially given the much smaller than average sample set), the industry will certainly welcome the increased activity and approach the busy Autumn period ahead with renewed confidence.

I do hope that you are enjoying this prolonged period of fine (albeit late) Summer weather. As ever I would welcome any feedback you may have regarding the newsletter or indeed the wider market in general.
Overall Statistics August 2016
Auctions Held in the UK 48
Total Lots Offered 960
Total Lots Sold 670
Percent Sold 69.8%
Total Realised £62,339,343

National Auction Analysis

In the residential market lots offered increased 15% in August, from 763 lots to 880 lots, whilst lots sold increased 18% from 517 lots to 609 lots and the amount raised gained £9M to total £57M. The recent market falls prior to August have had an adverse effect on the rolling quarterly figures, which are down in all 4 of the metrics measured, but encouragingly the rolling yearly figures are still showing increases on the previous year - notably the double-digit rise in the amount raised (+10%).

The commercial market made large gains in August, with double-digit rises in all 4 metrics, although one shouldn't read too much into the surge given the very small sample size that we're reporting on.

Total

N.B. Figures in brackets denote the comparative period last year

August 2016 June 2016 to August 2016 September 2015 to August 2016
Lots Offered 960 (835) 15.0% 7,427 (7,796) 4.7% 33,902 (33,819) 0.2%
Lots Sold 670 (559) 19.9% 5,439 (5,932) 8.3% 25,936 (25,795) 0.5%
Percent Sold 69.8% (66.9%) 4.3% 73.2% (76.1%) 3.8% 76.5% (76.3%) 0.3%
Total Raised £62M (£52M) 20.1% £838M (£980M) 14.5% £4,709M (£4,300M) 9.5%

Residential

N.B. Figures in brackets denote the comparative period last year

August 2016 June 2016 to August 2016 September 2015 to August 2016
Lots Offered 880 (763) 15.3% 6,153 (6,421) 4.2% 28,015 (27,272) 2.7%
Lots Sold 609 (517) 17.8% 4,488 (4,874) 7.9% 21,321 (20,670) 3.1%
Percent Sold 69.2% (67.8%) 2.1% 72.9% (75.9%) 4.0% 76.1% (75.8%) 0.4%
Total Raised £57M (£48M) 18.7% £633M (£730M) 13.4% £3,320M (£3,016M) 10.1%

Commercial

N.B. Figures in brackets denote the comparative period last year

August 2016 June 2016 to August 2016 September 2015 to August 2016
Lots Offered 80 (72) 11.1% 1,274 (1,375) 7.3% 5,887 (6,547) 10.1%
Lots Sold 61 (42) 45.2% 951 (1,058) 10.1% 4,615 (5,125) 10.0%
Percent Sold 76.3% (58.3%) 30.9% 74.6% (76.9%) 3.0% 78.4% (78.3%) 0.1%
Total Raised £6M (£4M) 35.8% £206M (£250M) 17.8% £1,390M (£1,283M) 8.3%

Regional Auction Analysis

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

N.B. Figures in brackets denote the comparative period last year

East-AngliaEast Anglia

June 2016 to August 2016 Total Residential Commercial
Lots Offered 209 (262) 20.2% 162 (206) 21.4% 47 (56) 16.1%
Lots Sold 174 (209) 16.7% 131 (162) 19.1% 43 (47) 8.5%
Percent Sold 83.3% (79.8%) 4.4% 80.9% (78.6%) 2.9% 91.5% (83.9%) 9.1%
Total Raised £24M (£29M) 14.7% £18M (£22M) 18.7% £7M (£7M) 2.2%

East-MidlandsEast Midlands

June 2016 to August 2016 Total Residential Commercial
Lots Offered 571 (652) 12.4% 485 (528) 8.1% 86 (124) 30.6%
Lots Sold 432 (507) 14.8% 366 (396) 7.6% 66 (111) 40.5%
Percent Sold 75.7% (77.8%) 2.7% 75.5% (75.0%) 0.7% 76.7% (89.5%) 14.3%
Total Raised £54M (£67M) 19.0% £38M (£47M) 19.6% £16M (£19M) 17.4%

LondonLondon

June 2016 to August 2016 Total Residential Commercial
Lots Offered 535 (632) 15.3% 501 (575) 12.9% 34 (57) 40.4%
Lots Sold 383 (534) 28.3% 358 (482) 25.7% 25 (52) 51.9%
Percent Sold 71.6% (84.5%) 15.3% 71.5% (83.8%) 14.7% 73.5% (91.2%) 19.4%
Total Raised £155M (£224M) 30.8% £141M (£193M) 27.1% £14M (£31M) 54.2%

North-EastNorth-East

June 2016 to August 2016 Total Residential Commercial
Lots Offered 765 (762) 0.4% 707 (710) 0.4% 58 (52) 11.5%
Lots Sold 526 (510) 3.1% 487 (467) 4.3% 39 (43) 9.3%
Percent Sold 68.8% (66.9%) 2.8% 68.9% (65.8%) 4.7% 67.2% (82.7%) 18.7%
Total Raised £41M (£44M) 6.8% £35M (£34M) 1.7% £6M (£10M) 36.0%

North-WestNorth-West

June 2016 to August 2016 Total Residential Commercial
Lots Offered 1,216 (1,152) 5.6% 984 (944) 4.2% 232 (208) 11.5%
Lots Sold 885 (870) 1.7% 704 (731) 3.7% 181 (139) 30.2%
Percent Sold 72.8% (75.5%) 3.6% 71.5% (77.4%) 7.6% 78.0% (66.8%) 16.8%
Total Raised £98M (£90M) 9.3% £60M (£63M) 5.2% £39M (£27M) 43.1%

North-West-Home-CountiesNorth-West Home Counties

June 2016 to August 2016 Total Residential Commercial
Lots Offered 302 (279) 8.2% 249 (221) 12.7% 53 (58) 8.6%
Lots Sold 241 (229) 5.2% 208 (186) 11.8% 33 (43) 23.3%
Percent Sold 79.8% (82.1%) 2.8% 83.5% (84.2%) 0.8% 62.3% (74.1%) 15.9%
Total Raised £58M (£68M) 14.5% £47M (£50M) 4.6% £11M (£19M) 41.3%

Northern-IrelandNorthern Ireland

June 2016 to August 2016 Total Residential Commercial
Lots Offered 278 (289) 3.8% 234 (228) 2.6% 44 (61) 27.9%
Lots Sold 121 (159) 23.9% 96 (122) 21.3% 25 (37) 32.4%
Percent Sold 43.5% (55.0%) 20.9% 41.0% (53.5%) 23.4% 56.8% (60.7%) 6.4%
Total Raised £9M (£11M) 15.0% £7M (£8M) 12.1% £2M (£3M) 22.5%

ScotlandScotland

June 2016 to August 2016 Total Residential Commercial
Lots Offered 224 (215) 4.2% 178 (153) 16.3% 46 (62) 25.8%
Lots Sold 134 (142) 5.6% 103 (96) 7.3% 31 (46) 32.6%
Percent Sold 59.8% (66.0%) 9.4% 57.9% (62.7%) 7.7% 67.4% (74.2%) 9.2%
Total Raised £10M (£13M) 28.4% £6M (£5M) 27.8% £3M (£8M) 62.4%

South-East-Home-CountiesSouth-East Home Counties

June 2016 to August 2016 Total Residential Commercial
Lots Offered 771 (853) 9.6% 619 (693) 10.7% 152 (160) 5.0%
Lots Sold 593 (696) 14.8% 483 (566) 14.7% 110 (130) 15.4%
Percent Sold 76.9% (81.6%) 5.8% 78.0% (81.7%) 4.5% 72.4% (81.3%) 10.9%
Total Raised £140M (£161M) 12.6% £105M (£115M) 9.2% £36M (£45M) 21.3%

South-WestSouth-West

June 2016 to August 2016 Total Residential Commercial
Lots Offered 580 (614) 5.5% 406 (466) 12.9% 174 (148) 17.6%
Lots Sold 433 (470) 7.9% 300 (350) 14.3% 133 (120) 10.8%
Percent Sold 74.7% (76.5%) 2.4% 73.9% (75.1%) 1.6% 76.4% (81.1%) 5.8%
Total Raised £72M (£93M) 23.2% £53M (£71M) 25.2% £19M (£23M) 17.1%

WalesWales

June 2016 to August 2016 Total Residential Commercial
Lots Offered 467 (553) 15.6% 368 (405) 9.1% 99 (148) 33.1%
Lots Sold 342 (415) 17.6% 268 (316) 15.2% 74 (99) 25.3%
Percent Sold 73.2% (75.0%) 2.4% 72.8% (78.0%) 6.7% 74.7% (66.9%) 11.7%
Total Raised £33M (£36M) 9.6% £21M (£26M) 18.3% £11M (£10M) 13.5%

West-MidlandsWest Midlands

June 2016 to August 2016 Total Residential Commercial
Lots Offered 763 (879) 13.2% 637 (733) 13.1% 126 (146) 13.7%
Lots Sold 600 (685) 12.4% 507 (571) 11.2% 93 (114) 18.4%
Percent Sold 78.6% (77.9%) 0.9% 79.6% (77.9%) 2.2% 73.8% (78.1%) 5.5%
Total Raised £79M (£79M) 0.5% £60M (£58M) 4.2% £19M (£21M) 9.6%

Yorkshire-and-The-HumberYorkshire and The Humber

June 2016 to August 2016 Total Residential Commercial
Lots Offered 746 (654) 14.1% 623 (559) 11.4% 123 (95) 29.5%
Lots Sold 575 (506) 13.6% 477 (429) 11.2% 98 (77) 27.3%
Percent Sold 77.1% (77.4%) 0.4% 76.6% (76.7%) 0.1% 79.7% (81.1%) 1.7%
Total Raised £64M (£65M) 1.8% £42M (£38M) 8.9% £22M (£27M) 17.0%

Your Comments

If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would like to hear from you. So please email us anytime.

A word from the editor

David Sandeman
As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general.

Kind regards

David Sandeman

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