Essential Information Group

December 2017 Newsletter

EIG monthly Newsletter

Essential Auction News

Welcome to the December newsletter that looks back at auction activity in November and preceding periods. As highlighted last month, several major auctioneers held their Autumn auction in October this year compared with November last year. This resulted in large double-digit gains made in October, but conversely large double-digit losses in November, as can be seen in the figures below.

Considering the above, one should look to the rolling quarterly figures for a more accurate representation of the market's health. These show increases in lots offered and sold, by 3.8% and 5% respectively, and a 9.6% increase in the amount raised - up over £109M to £1.24bn. These are certainly encouraging numbers, especially given that the market made a sluggish start to 2017.

May I take this opportunity of wishing you all a peaceful and relaxing holiday and prosperous new year!
Overall Statistics November 2017
Auctions Held in the UK 112
Total Lots Offered 1,874
Total Lots Sold 1,336
Percent Sold 71.3%
Total Realised £196,384,128

National Auction Analysis

The residential sector has performed very strongly since the summer break, as proven by the rolling quarterly figures shown below. Residential lots offered was up almost 5% on the same period last year, from 7,503 lots to 7,871 lots, whilst sales grew by almost 6% to 5,815 lots.

There was very little change in the volume of commercial lots offered or sold over the last 3 months. However, the amount raised grew by a staggering 24% - up from £285M to £355M, which suggests a recent increase in commercial lot sizes.

Overall

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

November 2017 September 2017 to November 2017 December 2016 to November 2017
Lots Offered 1,874 (2,163) 13.4% 9,389 (9,042) 3.8% 32,915 (33,437) 1.6%
Lots Sold 1,336 (1,591) 16.0% 6,993 (6,663) 5.0% 25,180 (25,299) 0.5%
Percent Sold 71.3% (73.6%) 3.1% 74.5% (73.7%) 1.1% 76.5% (75.7%) 1.1%
Total Raised £196M (£277M) 29.2% £1,240M (£1,131M) 9.6% £4,542M (£4,552M) 0.2%

Residential

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

November 2017 September 2017 to November 2017 December 2016 to November 2017
Lots Offered 1,658 (1,969) 15.8% 7,871 (7,503) 4.9% 27,357 (27,697) 1.2%
Lots Sold 1,169 (1,437) 18.6% 5,815 (5,496) 5.8% 20,786 (20,814) 0.1%
Percent Sold 70.5% (73.0%) 3.4% 73.9% (73.3%) 0.8% 76.0% (75.1%) 1.2%
Total Raised £175M (£255M) 31.5% £885M (£846M) 4.6% £3,143M (£3,212M) 2.1%

Commercial

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

November 2017 September 2017 to November 2017 December 2016 to November 2017
Lots Offered 216 (194) 11.3% 1,518 (1,539) 1.4% 5,558 (5,740) 3.2%
Lots Sold 167 (154) 8.4% 1,178 (1,167) 0.9% 4,394 (4,485) 2.0%
Percent Sold 77.3% (79.4%) 2.6% 77.6% (75.8%) 2.4% 79.1% (78.1%) 1.3%
Total Raised £21M (£22M) 2.5% £355M (£285M) 24.4% £1,399M (£1,341M) 4.4%

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

September 2017 to November 2017 Total Residential Commercial
Lots Offered 269 (253) 6.3% 201 (179) 12.3% 68 (74) 8.1%
Lots Sold 198 (198) 0.0% 141 (137) 2.9% 57 (61) 6.6%
Percent Sold 73.6% (78.3%) 6.0% 70.1% (76.5%) 8.4% 83.8% (82.4%) 1.7%
Total Raised £47M (£34M) 36.9% £22M (£20M) 10.0% £25M (£14M) 74.6%

East-MidlandsEast Midlands

September 2017 to November 2017 Total Residential Commercial
Lots Offered 713 (793) 10.1% 608 (681) 10.7% 105 (112) 6.3%
Lots Sold 549 (605) 9.3% 468 (516) 9.3% 81 (89) 9.0%
Percent Sold 77.0% (76.3%) 0.9% 77.0% (75.8%) 1.6% 77.1% (79.5%) 3.0%
Total Raised £83M (£73M) 15.1% £59M (£55M) 7.0% £24M (£17M) 41.7%

LondonLondon

September 2017 to November 2017 Total Residential Commercial
Lots Offered 738 (733) 0.7% 672 (690) 2.6% 66 (43) 53.5%
Lots Sold 504 (529) 4.7% 454 (493) 7.9% 50 (36) 38.9%
Percent Sold 68.3% (72.2%) 5.4% 67.6% (71.4%) 5.3% 75.8% (83.7%) 9.4%
Total Raised £233M (£241M) 3.4% £200M (£218M) 8.2% £33M (£23M) 41.8%

North-EastNorth-East

September 2017 to November 2017 Total Residential Commercial
Lots Offered 745 (781) 4.6% 694 (706) 1.7% 51 (75) 32.0%
Lots Sold 538 (552) 2.5% 506 (500) 1.2% 32 (52) 38.5%
Percent Sold 72.2% (70.7%) 2.1% 72.9% (70.8%) 3.0% 62.7% (69.3%) 9.5%
Total Raised £36M (£43M) 14.9% £31M (£35M) 9.1% £5M (£8M) 40.2%

North-WestNorth-West

September 2017 to November 2017 Total Residential Commercial
Lots Offered 1,464 (1,393) 5.1% 1,257 (1,164) 8.0% 207 (229) 9.6%
Lots Sold 1,069 (1,028) 4.0% 915 (864) 5.9% 154 (164) 6.1%
Percent Sold 73.0% (73.8%) 1.1% 72.8% (74.2%) 1.9% 74.4% (71.6%) 3.9%
Total Raised £99M (£105M) 5.1% £71M (£73M) 3.3% £28M (£31M) 9.5%

North-West-Home-CountiesNorth-West Home Counties

September 2017 to November 2017 Total Residential Commercial
Lots Offered 391 (408) 4.2% 304 (315) 3.5% 87 (93) 6.5%
Lots Sold 287 (345) 16.8% 219 (264) 17.0% 68 (81) 16.0%
Percent Sold 73.4% (84.6%) 13.2% 72.0% (83.8%) 14.1% 78.2% (87.1%) 10.2%
Total Raised £125M (£107M) 16.9% £77M (£72M) 7.1% £48M (£35M) 37.2%

Northern-IrelandNorthern Ireland

September 2017 to November 2017 Total Residential Commercial
Lots Offered 239 (174) 37.4% 198 (134) 47.8% 41 (40) 2.5%
Lots Sold 147 (103) 42.7% 117 (72) 62.5% 30 (31) 3.2%
Percent Sold 61.5% (59.2%) 3.9% 59.1% (53.7%) 10.1% 73.2% (77.5%) 5.5%
Total Raised £13M (£9M) 44.9% £10M (£5M) 81.9% £3M (£3M) 16.4%

ScotlandScotland

September 2017 to November 2017 Total Residential Commercial
Lots Offered 290 (247) 17.4% 213 (192) 10.9% 77 (55) 40.0%
Lots Sold 177 (118) 50.0% 118 (76) 55.3% 59 (42) 40.5%
Percent Sold 61.0% (47.8%) 27.6% 55.4% (39.6%) 39.9% 76.6% (76.4%) 0.3%
Total Raised £19M (£12M) 54.7% £6M (£5M) 38.9% £13M (£8M) 64.3%

South-East-Home-CountiesSouth-East Home Counties

September 2017 to November 2017 Total Residential Commercial
Lots Offered 1,204 (1,011) 19.1% 1,007 (814) 23.7% 197 (197) 0.0%
Lots Sold 904 (775) 16.6% 745 (622) 19.8% 159 (153) 3.9%
Percent Sold 75.1% (76.7%) 2.1% 74.0% (76.4%) 3.1% 80.7% (77.7%) 3.9%
Total Raised £205M (£186M) 9.9% £144M (£136M) 5.8% £61M (£51M) 21.0%

South-WestSouth-West

September 2017 to November 2017 Total Residential Commercial
Lots Offered 706 (711) 0.7% 486 (509) 4.5% 220 (202) 8.9%
Lots Sold 551 (527) 4.6% 375 (374) 0.3% 176 (153) 15.0%
Percent Sold 78.0% (74.1%) 5.3% 77.2% (73.5%) 5.0% 80.0% (75.7%) 5.7%
Total Raised £109M (£100M) 9.6% £78M (£70M) 12.4% £31M (£30M) 3.0%

WalesWales

September 2017 to November 2017 Total Residential Commercial
Lots Offered 557 (644) 13.5% 449 (518) 13.3% 108 (126) 14.3%
Lots Sold 408 (465) 12.3% 333 (373) 10.7% 75 (92) 18.5%
Percent Sold 73.2% (72.2%) 1.4% 74.2% (72.0%) 3.1% 69.4% (73.0%) 4.9%
Total Raised £40M (£43M) 6.8% £28M (£32M) 12.7% £12M (£11M) 9.9%

West-MidlandsWest Midlands

September 2017 to November 2017 Total Residential Commercial
Lots Offered 1,103 (1,018) 8.3% 948 (862) 10.0% 155 (156) 0.6%
Lots Sold 891 (771) 15.6% 761 (656) 16.0% 130 (115) 13.0%
Percent Sold 80.8% (75.7%) 6.7% 80.3% (76.1%) 5.5% 83.9% (73.7%) 13.8%
Total Raised £141M (£105M) 35.2% £99M (£75M) 32.0% £43M (£30M) 43.3%

Yorkshire-and-The-HumberYorkshire and The Humber

September 2017 to November 2017 Total Residential Commercial
Lots Offered 970 (876) 10.7% 834 (739) 12.9% 136 (137) 0.7%
Lots Sold 770 (647) 19.0% 663 (549) 20.8% 107 (98) 9.2%
Percent Sold 79.4% (73.9%) 7.4% 79.5% (74.3%) 7.0% 78.7% (71.5%) 10.1%
Total Raised £89M (£75M) 19.3% £59M (£50M) 17.5% £30M (£24M) 22.9%

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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