Essential Auction News
Welcome to the November newsletter that looks back at auction activity in October and preceding periods. Overall lots offered and sold were down by 7.2% and 6% respectively last month, whilst total revenues fell by almost 15% to £410.3M.
Despite seeing the volume of instructions fall in recent times, the industry sale rate has remained steady and largely comparable to the long-term average. This is exemplified by the 73.3% success rate achieved in October - up 1.2% on October 2018 - whilst the rolling quarter and yearly figures also show small gains on the respective periods last year.
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 October 2019 |
| Auctions Held in the UK |
116 |
| Total Lots Offered |
3,188 |
| Total Lots Sold |
2,338 |
| Percent Sold |
73.3% |
| Total Realised |
£410,320,952 |
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National Auction Analysis
The residential market saw only marginal falls of 4.5% in lots offered and 1.9% in lots sold last month, yet despite this the total raised rose slightly to £277.5M (up 0.9%).
Conversely the commercial market saw double-digit falls in lots offered and lots sold of 17.2% and 20% respectively, whilst commercial revenues fells by over a third, to £132.9M (down 35.6%).
OverallN.B. Figures in brackets denote the comparative period last year
|
October 2019 |
August 2019 to October 2019 |
November 2018 to October 2019 |
| Lots Offered |
3,188 (3,437) |
▼ 7.2% |
7,395 (7,901) |
▼ 6.4% |
29,313 (31,818) |
▼ 7.9% |
| Lots Sold |
2,338 (2,487) |
▼ 6.0% |
5,428 (5,670) |
▼ 4.3% |
21,753 (23,515) |
▼ 7.5% |
| Percent Sold |
73.3% (72.4%) |
▲ 1.2% |
73.4% (71.8%) |
▲ 2.2% |
74.2% (73.9%) |
▲ 0.4% |
| Total Raised |
£410.3M (£481.3M) |
▼ 14.7% |
£822.8M (£938.9M) |
▼ 12.4% |
£3,620.0M (£4,146.7M) |
▼ 12.7% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
October 2019 |
August 2019 to October 2019 |
November 2018 to October 2019 |
| Lots Offered |
2,567 (2,687) |
▼ 4.5% |
6,239 (6,650) |
▼ 6.2% |
24,904 (26,529) |
▼ 6.1% |
| Lots Sold |
1,890 (1,927) |
▼ 1.9% |
4,593 (4,775) |
▼ 3.8% |
18,470 (19,531) |
▼ 5.4% |
| Percent Sold |
73.6% (71.7%) |
▲ 2.6% |
73.6% (71.8%) |
▲ 2.5% |
74.2% (73.6%) |
▲ 0.8% |
| Total Raised |
£277.5M (£275.1M) |
▲ 0.9% |
£641.1M (£691.4M) |
▼ 7.3% |
£2,653.0M (£2,983.6M) |
▼ 11.1% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
October 2019 |
August 2019 to October 2019 |
November 2018 to October 2019 |
| Lots Offered |
621 (750) |
▼ 17.2% |
1,156 (1,251) |
▼ 7.6% |
4,409 (5,289) |
▼ 16.6% |
| Lots Sold |
448 (560) |
▼ 20.0% |
835 (895) |
▼ 6.7% |
3,283 (3,984) |
▼ 17.6% |
| Percent Sold |
72.1% (74.7%) |
▼ 3.5% |
72.2% (71.5%) |
▲ 1.0% |
74.5% (75.3%) |
▼ 1.1% |
| Total Raised |
£132.9M (£206.2M) |
▼ 35.6% |
£181.7M (£247.6M) |
▼ 26.6% |
£967.0M (£1,163.1M) |
▼ 16.9% |
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
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
267 (307) |
▼ 13.0% |
211 (256) |
▼ 17.6% |
56 (51) |
▲ 9.8% |
| Lots Sold |
189 (223) |
▼ 15.2% |
144 (180) |
▼ 20.0% |
45 (43) |
▲ 4.7% |
| Percent Sold |
70.8% (72.6%) |
▼ 2.5% |
68.2% (70.3%) |
▼ 3.0% |
80.4% (84.3%) |
▼ 4.6% |
| Total Raised |
£34.1M (£36.2M) |
▼ 5.8% |
£25.4M (£27.1M) |
▼ 6.2% |
£8.7M (£9.1M) |
▼ 4.4% |
 East Midlands
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
532 (577) |
▼ 7.8% |
443 (480) |
▼ 7.7% |
89 (97) |
▼ 8.2% |
| Lots Sold |
404 (432) |
▼ 6.5% |
340 (373) |
▼ 8.8% |
64 (59) |
▲ 8.5% |
| Percent Sold |
75.9% (74.9%) |
▲ 1.3% |
76.7% (77.7%) |
▼ 1.3% |
71.9% (60.8%) |
▲ 18.3% |
| Total Raised |
£54.0M (£63.6M) |
▼ 15.0% |
£40.9M (£47.0M) |
▼ 13.1% |
£13.2M (£16.6M) |
▼ 20.5% |
 London
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
424 (428) |
▼ 0.9% |
365 (391) |
▼ 6.6% |
59 (37) |
▲ 59.5% |
| Lots Sold |
325 (303) |
▲ 7.3% |
279 (278) |
▲ 0.4% |
46 (25) |
▲ 84.0% |
| Percent Sold |
76.7% (70.8%) |
▲ 8.3% |
76.4% (71.1%) |
▲ 7.5% |
78.0% (67.6%) |
▲ 15.4% |
| Total Raised |
£147.9M (£146.7M) |
▲ 0.8% |
£121.3M (£131.2M) |
▼ 7.6% |
£26.6M (£15.4M) |
▲ 72.1% |
 North-East
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
751 (779) |
▼ 3.6% |
708 (721) |
▼ 1.8% |
43 (58) |
▼ 25.9% |
| Lots Sold |
517 (550) |
▼ 6.0% |
493 (513) |
▼ 3.9% |
24 (37) |
▼ 35.1% |
| Percent Sold |
68.8% (70.6%) |
▼ 2.5% |
69.6% (71.2%) |
▼ 2.2% |
55.8% (63.8%) |
▼ 12.5% |
| Total Raised |
£34.8M (£45.5M) |
▼ 23.6% |
£30.8M (£34.3M) |
▼ 10.3% |
£4.0M (£11.2M) |
▼ 64.3% |
 North-West
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
1,257 (1,285) |
▼ 2.2% |
1,067 (1,061) |
▲ 0.6% |
190 (224) |
▼ 15.2% |
| Lots Sold |
911 (906) |
▲ 0.6% |
784 (754) |
▲ 4.0% |
127 (152) |
▼ 16.4% |
| Percent Sold |
72.5% (70.5%) |
▲ 2.8% |
73.5% (71.1%) |
▲ 3.4% |
66.8% (67.9%) |
▼ 1.6% |
| Total Raised |
£95.8M (£92.0M) |
▲ 4.1% |
£71.3M (£65.5M) |
▲ 8.9% |
£24.5M (£26.5M) |
▼ 7.6% |
 North-West Home Counties
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
325 (317) |
▲ 2.5% |
281 (268) |
▲ 4.9% |
44 (49) |
▼ 10.2% |
| Lots Sold |
249 (222) |
▲ 12.2% |
213 (184) |
▲ 15.8% |
36 (38) |
▼ 5.3% |
| Percent Sold |
76.6% (70.0%) |
▲ 9.4% |
75.8% (68.7%) |
▲ 10.3% |
81.8% (77.6%) |
▲ 5.4% |
| Total Raised |
£51.4M (£65.5M) |
▼ 21.6% |
£39.0M (£44.2M) |
▼ 11.8% |
£12.4M (£21.3M) |
▼ 41.8% |
 Northern Ireland
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
98 (121) |
▼ 19.0% |
79 (114) |
▼ 30.7% |
19 (7) |
▲ 171.4% |
| Lots Sold |
49 (57) |
▼ 14.0% |
42 (56) |
▼ 25.0% |
7 (1) |
▲ 600.0% |
| Percent Sold |
50.0% (47.1%) |
▲ 6.2% |
53.2% (49.1%) |
▲ 8.4% |
36.8% (14.3%) |
▲ 157.3% |
| Total Raised |
£4.4M (£4.2M) |
▲ 5.8% |
£4.1M (£4.2M) |
▼ 2.8% |
£0.4M (£0.0M) |
▲ 1,724.3% |
 Scotland
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
226 (210) |
▲ 7.6% |
184 (152) |
▲ 21.1% |
42 (58) |
▼ 27.6% |
| Lots Sold |
163 (147) |
▲ 10.9% |
131 (100) |
▲ 31.0% |
32 (47) |
▼ 31.9% |
| Percent Sold |
72.1% (70.0%) |
▲ 3.0% |
71.2% (65.8%) |
▲ 8.2% |
76.2% (81.0%) |
▼ 5.9% |
| Total Raised |
£12.9M (£15.8M) |
▼ 18.3% |
£7.6M (£7.3M) |
▲ 4.4% |
£5.3M (£8.5M) |
▼ 37.8% |
 South-East Home Counties
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
849 (908) |
▼ 6.5% |
715 (751) |
▼ 4.8% |
134 (157) |
▼ 14.6% |
| Lots Sold |
641 (635) |
▲ 0.9% |
533 (522) |
▲ 2.1% |
108 (113) |
▼ 4.4% |
| Percent Sold |
75.5% (69.9%) |
▲ 8.0% |
74.5% (69.5%) |
▲ 7.2% |
80.6% (72.0%) |
▲ 11.9% |
| Total Raised |
£132.9M (£149.8M) |
▼ 11.3% |
£101.4M (£105.6M) |
▼ 4.0% |
£31.6M (£44.3M) |
▼ 28.6% |
 South-West
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
527 (524) |
▲ 0.6% |
397 (360) |
▲ 10.3% |
130 (164) |
▼ 20.7% |
| Lots Sold |
391 (378) |
▲ 3.4% |
299 (249) |
▲ 20.1% |
92 (129) |
▼ 28.7% |
| Percent Sold |
74.2% (72.1%) |
▲ 2.9% |
75.3% (69.2%) |
▲ 8.8% |
70.8% (78.7%) |
▼ 10.0% |
| Total Raised |
£69.4M (£86.7M) |
▼ 19.9% |
£55.6M (£53.2M) |
▲ 4.6% |
£13.8M (£33.6M) |
▼ 58.9% |
 Wales
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
567 (576) |
▼ 1.6% |
465 (475) |
▼ 2.1% |
102 (101) |
▲ 1.0% |
| Lots Sold |
399 (395) |
▲ 1.0% |
338 (335) |
▲ 0.9% |
61 (60) |
▲ 1.7% |
| Percent Sold |
70.4% (68.6%) |
▲ 2.6% |
72.7% (70.5%) |
▲ 3.1% |
59.8% (59.4%) |
▲ 0.7% |
| Total Raised |
£43.2M (£40.6M) |
▲ 6.3% |
£32.9M (£29.3M) |
▲ 12.4% |
£10.2M (£11.3M) |
▼ 9.4% |
 West Midlands
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
848 (1,111) |
▼ 23.7% |
712 (970) |
▼ 26.6% |
136 (141) |
▼ 3.5% |
| Lots Sold |
644 (821) |
▼ 21.6% |
539 (715) |
▼ 24.6% |
105 (106) |
▼ 0.9% |
| Percent Sold |
75.9% (73.9%) |
▲ 2.7% |
75.7% (73.7%) |
▲ 2.7% |
77.2% (75.2%) |
▲ 2.7% |
| Total Raised |
£87.8M (£129.0M) |
▼ 31.9% |
£68.4M (£93.6M) |
▼ 26.9% |
£19.4M (£35.5M) |
▼ 45.4% |
 Yorkshire and The Humber
| August 2019 to October 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
724 (758) |
▼ 4.5% |
612 (651) |
▼ 6.0% |
112 (107) |
▲ 4.7% |
| Lots Sold |
546 (601) |
▼ 9.2% |
458 (516) |
▼ 11.2% |
88 (85) |
▲ 3.5% |
| Percent Sold |
75.4% (79.3%) |
▼ 4.9% |
74.8% (79.3%) |
▼ 5.7% |
78.6% (79.4%) |
▼ 1.0% |
| Total Raised |
£54.1M (£63.3M) |
▼ 14.5% |
£42.4M (£49.0M) |
▼ 13.4% |
£11.7M (£14.3M) |
▼ 18.3% |
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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