Essential Auction News
Welcome to the July newsletter that looks back at auction activity in June and preceding periods. Overall lots offered was down 7% last month, from 2,144 lots to 1,993 lots, whilst lots sold dropped by 5% to 1,420 lots. The total amount raised was £197.5M - less than 3% down on June 2018's total of £203.2M, and a marked improvement on the double-digit falls witnessed in recent months.
As highlighted last month, the auction sale rate has remained stable and largely comparative to the long-term average throughout the challenging times of recent past. Last month was no exception; the 71.2% sale rate was up 2% on last year and reinforces the sentiment that suitably priced stock will still attract competitive bidding in the auction arena.
As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general.
Please note the newsletter can also be viewed online. |
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Overall Statistics June 2019 |
| Auctions Held in the UK |
89 |
| Total Lots Offered |
1,993 |
| Total Lots Sold |
1,420 |
| Percent Sold |
71.2% |
| Total Realised |
£197,505,125 |
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National Auction Analysis
Residential lots offered and sold fell by 7.3% and 4.8% respectively last month, whilst residential receipts totalled £170.1M - down 4%. Figures for Q2 show residential auction sales decreased by 1.9%, to 4,590 lots, yet residential revenues fell by almost 10% over the same period. An indication perhaps of falling house prices or a rise in smaller value lot sizes being taken on.
In the commercial market 295 lots were offered, 18 fewer than last year, whilst 200 lots sold raising £27.4M - up 5.3% on last year. Q2 figures show a significant drop in commercial auction sales, from 917 lots in Q2 2018 to 759 lots in Q2 2019 (down 17.2%), yet commercial revenues only fell by 5% over the same period.
OverallN.B. Figures in brackets denote the comparative period last year
|
June 2019 |
April 2019 to June 2019 |
July 2018 to June 2019 |
| Lots Offered |
1,993 (2,144) |
▼ 7.0% |
7,240 (7,608) |
▼ 4.8% |
30,184 (33,020) |
▼ 8.6% |
| Lots Sold |
1,420 (1,498) |
▼ 5.2% |
5,349 (5,596) |
▼ 4.4% |
22,373 (25,119) |
▼ 10.9% |
| Percent Sold |
71.2% (69.9%) |
▲ 1.9% |
73.9% (73.6%) |
▲ 0.4% |
74.1% (76.1%) |
▼ 2.6% |
| Total Raised |
£197.5M (£203.2M) |
▼ 2.8% |
£861.5M (£943.2M) |
▼ 8.7% |
£3,819.6M (£4,519.7M) |
▼ 15.5% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
June 2019 |
April 2019 to June 2019 |
July 2018 to June 2019 |
| Lots Offered |
1,698 (1,831) |
▼ 7.3% |
6,174 (6,400) |
▼ 3.5% |
25,551 (27,622) |
▼ 7.5% |
| Lots Sold |
1,220 (1,281) |
▼ 4.8% |
4,590 (4,679) |
▼ 1.9% |
18,905 (20,890) |
▼ 9.5% |
| Percent Sold |
71.8% (70.0%) |
▲ 2.6% |
74.3% (73.1%) |
▲ 1.6% |
74.0% (75.6%) |
▼ 2.1% |
| Total Raised |
£170.1M (£177.2M) |
▼ 4.0% |
£646.6M (£716.6M) |
▼ 9.8% |
£2,740.0M (£3,174.8M) |
▼ 13.7% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
June 2019 |
April 2019 to June 2019 |
July 2018 to June 2019 |
| Lots Offered |
295 (313) |
▼ 5.8% |
1,066 (1,208) |
▼ 11.8% |
4,633 (5,398) |
▼ 14.2% |
| Lots Sold |
200 (217) |
▼ 7.8% |
759 (917) |
▼ 17.2% |
3,468 (4,229) |
▼ 18.0% |
| Percent Sold |
67.8% (69.3%) |
▼ 2.2% |
71.2% (75.9%) |
▼ 6.2% |
74.9% (78.3%) |
▼ 4.3% |
| Total Raised |
£27.4M (£26.0M) |
▲ 5.3% |
£214.9M (£226.6M) |
▼ 5.2% |
£1,079.6M (£1,344.9M) |
▼ 19.7% |
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 Anglia
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
294 (295) |
▼ 0.3% |
241 (254) |
▼ 5.1% |
53 (41) |
▲ 29.3% |
| Lots Sold |
189 (220) |
▼ 14.1% |
152 (185) |
▼ 17.8% |
37 (35) |
▲ 5.7% |
| Percent Sold |
64.3% (74.6%) |
▼ 13.8% |
63.1% (72.8%) |
▼ 13.3% |
69.8% (85.4%) |
▼ 18.3% |
| Total Raised |
£32.5M (£32.8M) |
▼ 1.2% |
£23.2M (£27.6M) |
▼ 16.0% |
£9.3M (£5.3M) |
▲ 76.2% |
 East Midlands
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
504 (677) |
▼ 25.6% |
426 (602) |
▼ 29.2% |
78 (75) |
▲ 4.0% |
| Lots Sold |
388 (525) |
▼ 26.1% |
338 (466) |
▼ 27.5% |
50 (59) |
▼ 15.3% |
| Percent Sold |
77.0% (77.5%) |
▼ 0.6% |
79.3% (77.4%) |
▲ 2.5% |
64.1% (78.7%) |
▼ 18.6% |
| Total Raised |
£57.1M (£76.7M) |
▼ 25.6% |
£44.5M (£61.6M) |
▼ 27.7% |
£12.5M (£15.1M) |
▼ 16.8% |
 London
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
466 (504) |
▼ 7.5% |
420 (474) |
▼ 11.4% |
46 (30) |
▲ 53.3% |
| Lots Sold |
329 (352) |
▼ 6.5% |
298 (325) |
▼ 8.3% |
31 (27) |
▲ 14.8% |
| Percent Sold |
70.6% (69.8%) |
▲ 1.1% |
71.0% (68.6%) |
▲ 3.5% |
67.4% (90.0%) |
▼ 25.1% |
| Total Raised |
£155.1M (£183.8M) |
▼ 15.6% |
£124.1M (£154.2M) |
▼ 19.5% |
£31.0M (£29.5M) |
▲ 4.8% |
 North-East
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
693 (688) |
▲ 0.7% |
648 (641) |
▲ 1.1% |
45 (47) |
▼ 4.3% |
| Lots Sold |
523 (524) |
▼ 0.2% |
498 (493) |
▲ 1.0% |
25 (31) |
▼ 19.4% |
| Percent Sold |
75.5% (76.2%) |
▼ 0.9% |
76.9% (76.9%) |
▼ 0.0% |
55.6% (66.0%) |
▼ 15.8% |
| Total Raised |
£40.7M (£40.4M) |
▲ 0.8% |
£32.7M (£34.7M) |
▼ 5.8% |
£8.0M (£5.7M) |
▲ 41.4% |
 North-West
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
1,166 (1,204) |
▼ 3.2% |
994 (971) |
▲ 2.4% |
172 (233) |
▼ 26.2% |
| Lots Sold |
840 (862) |
▼ 2.6% |
737 (687) |
▲ 7.3% |
103 (175) |
▼ 41.1% |
| Percent Sold |
72.0% (71.6%) |
▲ 0.6% |
74.1% (70.8%) |
▲ 4.7% |
59.9% (75.1%) |
▼ 20.2% |
| Total Raised |
£84.3M (£96.5M) |
▼ 12.6% |
£64.5M (£67.0M) |
▼ 3.8% |
£19.8M (£29.5M) |
▼ 32.7% |
 North-West Home Counties
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
421 (353) |
▲ 19.3% |
383 (293) |
▲ 30.7% |
38 (60) |
▼ 36.7% |
| Lots Sold |
332 (259) |
▲ 28.2% |
299 (215) |
▲ 39.1% |
33 (44) |
▼ 25.0% |
| Percent Sold |
78.9% (73.4%) |
▲ 7.5% |
78.1% (73.4%) |
▲ 6.4% |
86.8% (73.3%) |
▲ 18.4% |
| Total Raised |
£80.4M (£64.9M) |
▲ 23.8% |
£62.2M (£46.3M) |
▲ 34.3% |
£18.2M (£18.6M) |
▼ 2.3% |
 Northern Ireland
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
133 (187) |
▼ 28.9% |
106 (175) |
▼ 39.4% |
27 (12) |
▲ 125.0% |
| Lots Sold |
68 (70) |
▼ 2.9% |
63 (68) |
▼ 7.4% |
5 (2) |
▲ 150.0% |
| Percent Sold |
51.1% (37.4%) |
▲ 36.6% |
59.4% (38.9%) |
▲ 52.7% |
18.5% (16.7%) |
▲ 10.8% |
| Total Raised |
£6.4M (£5.7M) |
▲ 10.6% |
£5.9M (£5.6M) |
▲ 5.5% |
£0.4M (£0.1M) |
▲ 249.2% |
 Scotland
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
241 (246) |
▼ 2.0% |
186 (183) |
▲ 1.6% |
55 (63) |
▼ 12.7% |
| Lots Sold |
170 (155) |
▲ 9.7% |
130 (112) |
▲ 16.1% |
40 (43) |
▼ 7.0% |
| Percent Sold |
70.5% (63.0%) |
▲ 11.9% |
69.9% (61.2%) |
▲ 14.2% |
72.7% (68.3%) |
▲ 6.4% |
| Total Raised |
£17.7M (£15.0M) |
▲ 18.4% |
£7.5M (£6.8M) |
▲ 10.7% |
£10.2M (£8.2M) |
▲ 24.7% |
 South-East Home Counties
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
923 (920) |
▲ 0.3% |
802 (780) |
▲ 2.8% |
121 (140) |
▼ 13.6% |
| Lots Sold |
689 (673) |
▲ 2.4% |
592 (563) |
▲ 5.2% |
97 (110) |
▼ 11.8% |
| Percent Sold |
74.6% (73.2%) |
▲ 1.9% |
73.8% (72.2%) |
▲ 2.2% |
80.2% (78.6%) |
▲ 2.0% |
| Total Raised |
£146.7M (£161.7M) |
▼ 9.3% |
£107.3M (£119.1M) |
▼ 9.9% |
£39.3M (£42.7M) |
▼ 7.8% |
 South-West
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
555 (527) |
▲ 5.3% |
433 (370) |
▲ 17.0% |
122 (157) |
▼ 22.3% |
| Lots Sold |
435 (412) |
▲ 5.6% |
331 (283) |
▲ 17.0% |
104 (129) |
▼ 19.4% |
| Percent Sold |
78.4% (78.2%) |
▲ 0.3% |
76.4% (76.5%) |
▼ 0.1% |
85.2% (82.2%) |
▲ 3.6% |
| Total Raised |
£72.9M (£74.6M) |
▼ 2.3% |
£55.2M (£54.3M) |
▲ 1.6% |
£17.7M (£20.3M) |
▼ 12.9% |
 Wales
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
522 (494) |
▲ 5.7% |
415 (387) |
▲ 7.2% |
107 (107) |
▼ 0.0% |
| Lots Sold |
356 (376) |
▼ 5.3% |
285 (292) |
▼ 2.4% |
71 (84) |
▼ 15.5% |
| Percent Sold |
68.2% (76.1%) |
▼ 10.4% |
68.7% (75.5%) |
▼ 9.0% |
66.4% (78.5%) |
▼ 15.4% |
| Total Raised |
£38.7M (£37.1M) |
▲ 4.3% |
£26.5M (£27.0M) |
▼ 2.1% |
£12.2M (£10.0M) |
▲ 21.7% |
 West Midlands
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
739 (828) |
▼ 10.7% |
633 (689) |
▼ 8.1% |
106 (139) |
▼ 23.7% |
| Lots Sold |
575 (640) |
▼ 10.2% |
492 (537) |
▼ 8.4% |
83 (103) |
▼ 19.4% |
| Percent Sold |
77.8% (77.3%) |
▲ 0.6% |
77.7% (77.9%) |
▼ 0.3% |
78.3% (74.1%) |
▲ 5.7% |
| Total Raised |
£81.8M (£92.3M) |
▼ 11.4% |
£59.8M (£67.1M) |
▼ 10.9% |
£22.0M (£25.2M) |
▼ 12.8% |
 Yorkshire and The Humber
| April 2019 to June 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
583 (685) |
▼ 14.9% |
487 (581) |
▼ 16.2% |
96 (104) |
▼ 7.7% |
| Lots Sold |
455 (528) |
▼ 13.8% |
375 (453) |
▼ 17.2% |
80 (75) |
▲ 6.7% |
| Percent Sold |
78.0% (77.1%) |
▲ 1.2% |
77.0% (78.0%) |
▼ 1.3% |
83.3% (72.1%) |
▲ 15.5% |
| Total Raised |
£47.4M (£61.7M) |
▼ 23.1% |
£33.2M (£45.3M) |
▼ 26.6% |
£14.2M (£16.4M) |
▼ 13.5% |
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
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As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general.
Kind regards
David Sandeman
davids@eigroup.co.uk
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