Essential Information Group

October 2019 Newsletter

EIG monthly Newsletter

Essential Auction News

Welcome to the October newsletter that looks back at auction activity in September and preceding periods.

Overall, September saw both the number of lots offered and the amount raised both down by 1.5% and 8.8% respectively, whilst both lots sold and percentage sold rose by 3.1% and 4.7%. With an overall percentage rate of 73.8% this sits very close to the long-term average.

Of the 36 metrics we monitor in the overall figures, there were 11 with the 'green upward arrow', the highest number since the April figures were published. In terms of where the biggest percentage falls were noted, it is in the amount raised, suggesting that the average lot size is continuing to fall slightly.

As ever I would welcome any comments or feedback you may have regarding the newsletter or indeed the wider market in general.

Please note the newsletter can also be viewed online.

Overall Statistics September 2019
Auctions Held in the UK 118
Total Lots Offered 3,328
Total Lots Sold 2,457
Percent Sold 73.8%
Total Realised £338,431,595

National Auction Analysis

The commercial market saw monthly increases across all the metrics we measure, whilst the amount raised in the residential sector fell 11.3% to £295.9M.

Overall

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

September 2019 July 2019 to September 2019 October 2018 to September 2019
Lots Offered 3,328 (3,378) 1.5% 7,539 (7,999) 5.8% 29,684 (32,417) 8.4%
Lots Sold 2,457 (2,382) 3.1% 5,509 (5,769) 4.5% 22,001 (24,212) 9.1%
Percent Sold 73.8% (70.5%) 4.7% 73.1% (72.1%) 1.4% 74.1% (74.7%) 0.8%
Total Raised £338.4M (£371.1M) 8.8% £861.6M (£932.1M) 7.6% £3,710.0M (£4,325.8M) 14.2%

Residential

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

September 2019 July 2019 to September 2019 October 2018 to September 2019
Lots Offered 2,871 (2,941) 2.4% 6,392 (6,756) 5.4% 25,141 (27,019) 7.0%
Lots Sold 2,124 (2,091) 1.6% 4,654 (4,905) 5.1% 18,583 (20,088) 7.5%
Percent Sold 74.0% (71.1%) 4.1% 72.8% (72.6%) 0.3% 73.9% (74.3%) 0.5%
Total Raised £295.9M (£333.7M) 11.3% £657.1M (£726.2M) 9.5% £2,657.2M (£3,050.5M) 12.9%

Commercial

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

September 2019 July 2019 to September 2019 October 2018 to September 2019
Lots Offered 457 (437) 4.6% 1,147 (1,243) 7.7% 4,543 (5,398) 15.8%
Lots Sold 333 (291) 14.4% 855 (864) 1.0% 3,418 (4,124) 17.1%
Percent Sold 72.9% (66.6%) 9.5% 74.5% (69.5%) 7.2% 75.2% (76.4%) 1.6%
Total Raised £42.5M (£37.4M) 13.6% £204.5M (£205.8M) 0.7% £1,052.8M (£1,275.3M) 17.4%

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

July 2019 to September 2019 Total Residential Commercial
Lots Offered 317 (268) 18.3% 221 (220) 0.5% 96 (48) 100.0%
Lots Sold 241 (196) 23.0% 154 (158) 2.5% 87 (38) 128.9%
Percent Sold 76.0% (73.1%) 4.0% 69.7% (71.8%) 2.9% 90.6% (79.2%) 14.4%
Total Raised £41.2M (£33.6M) 22.6% £30.3M (£26.8M) 12.9% £10.9M (£6.8M) 61.0%

East-MidlandsEast Midlands

July 2019 to September 2019 Total Residential Commercial
Lots Offered 580 (615) 5.7% 491 (525) 6.5% 89 (90) 1.1%
Lots Sold 434 (453) 4.2% 371 (397) 6.5% 63 (56) 12.5%
Percent Sold 74.8% (73.7%) 1.5% 75.6% (75.6%) 0.0% 70.8% (62.2%) 13.8%
Total Raised £55.0M (£65.6M) 16.1% £43.7M (£52.8M) 17.3% £11.4M (£12.8M) 11.3%

LondonLondon

July 2019 to September 2019 Total Residential Commercial
Lots Offered 467 (446) 4.7% 437 (404) 8.2% 30 (42) 28.6%
Lots Sold 346 (314) 10.2% 322 (281) 14.6% 24 (33) 27.3%
Percent Sold 74.1% (70.4%) 5.3% 73.7% (69.6%) 5.9% 80.0% (78.6%) 1.8%
Total Raised £151.5M (£137.3M) 10.4% £131.7M (£122.5M) 7.5% £19.8M (£14.8M) 33.6%

North-EastNorth-East

July 2019 to September 2019 Total Residential Commercial
Lots Offered 805 (768) 4.8% 751 (727) 3.3% 54 (41) 31.7%
Lots Sold 559 (526) 6.3% 522 (505) 3.4% 37 (21) 76.2%
Percent Sold 69.4% (68.5%) 1.3% 69.5% (69.5%) 0.0% 68.5% (51.2%) 33.8%
Total Raised £44.9M (£38.7M) 16.0% £34.0M (£34.1M) 0.4% £10.9M (£4.6M) 136.6%

North-WestNorth-West

July 2019 to September 2019 Total Residential Commercial
Lots Offered 1,233 (1,328) 7.2% 1,040 (1,108) 6.1% 193 (220) 12.3%
Lots Sold 878 (967) 9.2% 742 (815) 9.0% 136 (152) 10.5%
Percent Sold 71.2% (72.8%) 2.2% 71.3% (73.6%) 3.1% 70.5% (69.1%) 2.0%
Total Raised £87.0M (£101.9M) 14.7% £65.5M (£77.1M) 15.0% £21.5M (£24.8M) 13.6%

North-West-Home-CountiesNorth-West Home Counties

July 2019 to September 2019 Total Residential Commercial
Lots Offered 362 (303) 19.5% 317 (248) 27.8% 45 (55) 18.2%
Lots Sold 272 (213) 27.7% 236 (175) 34.9% 36 (38) 5.3%
Percent Sold 75.1% (70.3%) 6.8% 74.4% (70.6%) 5.4% 80.0% (69.1%) 15.8%
Total Raised £63.2M (£66.5M) 5.0% £43.1M (£45.7M) 5.7% £20.1M (£20.8M) 3.6%

Northern-IrelandNorthern Ireland

July 2019 to September 2019 Total Residential Commercial
Lots Offered 102 (126) 19.0% 82 (119) 31.1% 20 (7) 185.7%
Lots Sold 50 (62) 19.4% 41 (59) 30.5% 9 (3) 200.0%
Percent Sold 49.0% (49.2%) 0.4% 50.0% (49.6%) 0.8% 45.0% (42.9%) 4.9%
Total Raised £4.7M (£4.9M) 3.2% £4.2M (£4.4M) 4.1% £0.5M (£0.5M) 4.0%

ScotlandScotland

July 2019 to September 2019 Total Residential Commercial
Lots Offered 182 (133) 36.8% 149 (85) 75.3% 33 (48) 31.3%
Lots Sold 130 (85) 52.9% 110 (56) 96.4% 20 (29) 31.0%
Percent Sold 71.4% (63.9%) 11.7% 73.8% (65.9%) 12.0% 60.6% (60.4%) 0.3%
Total Raised £7.9M (£10.6M) 25.5% £6.4M (£5.7M) 12.4% £1.5M (£5.0M) 68.8%

South-East-Home-CountiesSouth-East Home Counties

July 2019 to September 2019 Total Residential Commercial
Lots Offered 905 (1,008) 10.2% 766 (843) 9.1% 139 (165) 15.8%
Lots Sold 671 (703) 4.6% 565 (595) 5.0% 106 (108) 1.9%
Percent Sold 74.1% (69.7%) 6.3% 73.8% (70.6%) 4.5% 76.3% (65.5%) 16.5%
Total Raised £139.5M (£167.9M) 16.9% £104.3M (£124.6M) 16.2% £35.2M (£43.3M) 18.8%

South-WestSouth-West

July 2019 to September 2019 Total Residential Commercial
Lots Offered 497 (651) 23.7% 375 (457) 17.9% 122 (194) 37.1%
Lots Sold 365 (471) 22.5% 274 (327) 16.2% 91 (144) 36.8%
Percent Sold 73.4% (72.4%) 1.4% 73.1% (71.6%) 2.1% 74.6% (74.2%) 0.5%
Total Raised £66.2M (£98.2M) 32.6% £50.5M (£68.0M) 25.8% £15.7M (£30.3M) 48.0%

WalesWales

July 2019 to September 2019 Total Residential Commercial
Lots Offered 472 (572) 17.5% 380 (451) 15.7% 92 (121) 24.0%
Lots Sold 329 (396) 16.9% 270 (316) 14.6% 59 (80) 26.3%
Percent Sold 69.7% (69.2%) 0.7% 71.1% (70.1%) 1.4% 64.1% (66.1%) 3.0%
Total Raised £35.5M (£39.0M) 9.1% £26.4M (£27.0M) 2.6% £9.1M (£12.0M) 23.8%

West-MidlandsWest Midlands

July 2019 to September 2019 Total Residential Commercial
Lots Offered 896 (992) 9.7% 773 (881) 12.3% 123 (111) 10.8%
Lots Sold 668 (755) 11.5% 568 (675) 15.9% 100 (80) 25.0%
Percent Sold 74.6% (76.1%) 2.0% 73.5% (76.6%) 4.0% 81.3% (72.1%) 12.8%
Total Raised £96.7M (£104.8M) 7.8% £70.6M (£87.4M) 19.2% £26.1M (£17.5M) 49.5%

Yorkshire-and-The-HumberYorkshire and The Humber

July 2019 to September 2019 Total Residential Commercial
Lots Offered 721 (789) 8.6% 610 (688) 11.3% 111 (101) 9.9%
Lots Sold 566 (628) 9.9% 479 (546) 12.3% 87 (82) 6.1%
Percent Sold 78.5% (79.6%) 1.4% 78.5% (79.4%) 1.1% 78.4% (81.2%) 3.4%
Total Raised £68.2M (£62.8M) 8.5% £46.6M (£50.2M) 7.3% £21.6M (£12.6M) 71.3%

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

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
davids@eigroup.co.uk

Copyright © 2019 Essential Information Group