Essential Auction News
Welcome to our December newsletter which looks back on November's activity, and what a month it was! November is the first month this year that when compared with the same month last year i.e. November 2019 all 12 metrics for the monthly comparisons were up. Overall lots up were by 6.5%, and the amount raised by a staggering 75%. It went from £116M in Nov. 2019 to almost £204M in Nov. 2020.
In the Commercial sector, 50% more lots were offered, and the amount raised went up 337% from £13M to £57M.
On behalf of all my excellent colleagues here at Essential Information Group may I take the opportunity to wish you a peaceful and restful holiday and that next year gets us back to a more normal way of life.
Please note the newsletter can also be viewed online. |
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Overall Statistics November 2020 |
| Auctions Held in the UK |
39 |
| Total Lots Offered |
1,351 |
| Total Lots Sold |
959 |
| Percent Sold |
71% |
| Total Realised |
£203,907,370 |
|
|
National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
November 2020 |
September 2020 to November 2020 |
December 2019 to November 2020 |
| Lots Offered |
1,351 (1,268) |
▲ 6.5% |
6,872 (7,834) |
▼ 12.3% |
23,122 (28,929) |
▼ 20.1% |
| Lots Sold |
959 (858) |
▲ 11.8% |
5,257 (5,737) |
▼ 8.4% |
17,834 (21,655) |
▼ 17.6% |
| Percent Sold |
71.0% (67.7%) |
▲ 4.9% |
76.5% (73.2%) |
▲ 4.5% |
77.1% (74.9%) |
▲ 2.9% |
| Total Raised |
£203.9M (£116.5M) |
▲ 75.0% |
£994.0M (£876.1M) |
▲ 13.5% |
£3,197.3M (£3,585.4M) |
▼ 10.8% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
November 2020 |
September 2020 to November 2020 |
December 2019 to November 2020 |
| Lots Offered |
1,157 (1,139) |
▲ 1.6% |
6,004 (6,621) |
▼ 9.3% |
19,958 (24,565) |
▼ 18.8% |
| Lots Sold |
815 (773) |
▲ 5.4% |
4,591 (4,858) |
▼ 5.5% |
15,391 (18,391) |
▼ 16.3% |
| Percent Sold |
70.4% (67.9%) |
▲ 3.7% |
76.5% (73.4%) |
▲ 4.2% |
77.1% (74.9%) |
▲ 2.9% |
| Total Raised |
£146.9M (£103.4M) |
▲ 42.0% |
£774.8M (£685.0M) |
▲ 13.1% |
£2,413.4M (£2,617.9M) |
▼ 7.8% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
November 2020 |
September 2020 to November 2020 |
December 2019 to November 2020 |
| Lots Offered |
194 (129) |
▲ 50.4% |
868 (1,213) |
▼ 28.4% |
3,164 (4,364) |
▼ 27.5% |
| Lots Sold |
144 (85) |
▲ 69.4% |
666 (879) |
▼ 24.2% |
2,443 (3,264) |
▼ 25.2% |
| Percent Sold |
74.2% (65.9%) |
▲ 12.6% |
76.7% (72.5%) |
▲ 5.8% |
77.2% (74.8%) |
▲ 3.2% |
| Total Raised |
£57.0M (£13.0M) |
▲ 337.1% |
£219.2M (£191.1M) |
▲ 14.7% |
£783.9M (£967.4M) |
▼ 19.0% |
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
(Includes Cambridgeshire, Norfolk, Suffolk)
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
307 (292) |
▲ 5.1% |
269 (226) |
▲ 19.0% |
38 (66) |
▼ 42.4% |
| Lots Sold |
232 (202) |
▲ 14.9% |
200 (152) |
▲ 31.6% |
32 (50) |
▼ 36.0% |
| Percent Sold |
75.6% (69.2%) |
▲ 9.2% |
74.3% (67.3%) |
▲ 10.4% |
84.2% (75.8%) |
▲ 11.1% |
| Total Raised |
£43.7M (£36.7M) |
▲ 19.1% |
£32.8M (£28.3M) |
▲ 15.9% |
£11.0M (£8.4M) |
▲ 29.9% |
 East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
585 (567) |
▲ 3.2% |
500 (474) |
▲ 5.5% |
85 (93) |
▼ 8.6% |
| Lots Sold |
440 (433) |
▲ 1.6% |
378 (363) |
▲ 4.1% |
62 (70) |
▼ 11.4% |
| Percent Sold |
75.2% (76.4%) |
▼ 1.6% |
75.6% (76.6%) |
▼ 1.3% |
72.9% (75.3%) |
▼ 3.2% |
| Total Raised |
£77.2M (£61.4M) |
▲ 25.8% |
£60.3M (£46.2M) |
▲ 30.6% |
£16.9M (£15.2M) |
▲ 11.4% |
 London
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
674 (484) |
▲ 39.3% |
627 (422) |
▲ 48.6% |
47 (62) |
▼ 24.2% |
| Lots Sold |
511 (365) |
▲ 40.0% |
470 (317) |
▲ 48.3% |
41 (48) |
▼ 14.6% |
| Percent Sold |
75.8% (75.4%) |
▲ 0.5% |
75.0% (75.1%) |
▼ 0.1% |
87.2% (77.4%) |
▲ 12.7% |
| Total Raised |
£214.7M (£163.2M) |
▲ 31.5% |
£173.8M (£136.5M) |
▲ 27.4% |
£40.9M (£26.8M) |
▲ 52.8% |
 North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
415 (866) |
▼ 52.1% |
393 (821) |
▼ 52.1% |
22 (45) |
▼ 51.1% |
| Lots Sold |
312 (573) |
▼ 45.5% |
295 (551) |
▼ 46.5% |
17 (22) |
▼ 22.7% |
| Percent Sold |
75.2% (66.2%) |
▲ 13.6% |
75.1% (67.1%) |
▲ 11.9% |
77.3% (48.9%) |
▲ 58.1% |
| Total Raised |
£19.7M (£36.5M) |
▼ 45.9% |
£17.5M (£32.7M) |
▼ 46.6% |
£2.3M (£3.8M) |
▼ 40.1% |
 North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
1,267 (1,226) |
▲ 3.3% |
1,133 (1,035) |
▲ 9.5% |
134 (191) |
▼ 29.8% |
| Lots Sold |
892 (887) |
▲ 0.6% |
797 (760) |
▲ 4.9% |
95 (127) |
▼ 25.2% |
| Percent Sold |
70.4% (72.3%) |
▼ 2.6% |
70.3% (73.4%) |
▼ 4.2% |
70.9% (66.5%) |
▲ 6.6% |
| Total Raised |
£97.9M (£94.1M) |
▲ 4.0% |
£83.5M (£69.6M) |
▲ 20.0% |
£14.4M (£24.6M) |
▼ 41.2% |
 North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
427 (351) |
▲ 21.7% |
356 (303) |
▲ 17.5% |
71 (48) |
▲ 47.9% |
| Lots Sold |
318 (264) |
▲ 20.5% |
258 (228) |
▲ 13.2% |
60 (36) |
▲ 66.7% |
| Percent Sold |
74.5% (75.2%) |
▼ 0.9% |
72.5% (75.2%) |
▼ 3.6% |
84.5% (75.0%) |
▲ 12.7% |
| Total Raised |
£91.4M (£55.9M) |
▲ 63.3% |
£65.1M (£42.1M) |
▲ 54.6% |
£26.2M (£13.8M) |
▲ 90.0% |
 Northern Ireland
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
1 (103) |
▼ 99.0% |
1 (81) |
▼ 98.8% |
0 (22) |
▼ 100.0% |
| Lots Sold |
0 (48) |
▼ 100.0% |
0 (41) |
▼ 100.0% |
0 (7) |
▼ 100.0% |
| Percent Sold |
0.0% (46.6%) |
▼ 100.0% |
0.0% (50.6%) |
▼ 100.0% |
0.0% (31.8%) |
▼ 100.0% |
| Total Raised |
£0.0M (£3.5M) |
▼ 100.0% |
£0.0M (£3.2M) |
▼ 100.0% |
£0.0M (£0.3M) |
▼ 100.0% |
 Scotland
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
59 (275) |
▼ 78.5% |
27 (222) |
▼ 87.8% |
32 (53) |
▼ 39.6% |
| Lots Sold |
51 (209) |
▼ 75.6% |
23 (167) |
▼ 86.2% |
28 (42) |
▼ 33.3% |
| Percent Sold |
86.4% (76.0%) |
▲ 13.7% |
85.2% (75.2%) |
▲ 13.3% |
87.5% (79.2%) |
▲ 10.5% |
| Total Raised |
£8.8M (£14.7M) |
▼ 40.4% |
£1.5M (£8.6M) |
▼ 82.2% |
£7.2M (£6.1M) |
▲ 18.6% |
 South-East Home Counties
(Includes East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex, Channel Islands)
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
1,020 (929) |
▲ 9.8% |
882 (789) |
▲ 11.8% |
138 (140) |
▼ 1.4% |
| Lots Sold |
790 (698) |
▲ 13.2% |
688 (584) |
▲ 17.8% |
102 (114) |
▼ 10.5% |
| Percent Sold |
77.5% (75.1%) |
▲ 3.2% |
78.0% (74.0%) |
▲ 5.4% |
73.9% (81.4%) |
▼ 9.2% |
| Total Raised |
£192.6M (£139.2M) |
▲ 38.3% |
£148.0M (£106.7M) |
▲ 38.7% |
£44.6M (£32.5M) |
▲ 37.2% |
 South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Somerset, Wiltshire, Isles of Scilly)
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
469 (592) |
▼ 20.8% |
370 (445) |
▼ 16.9% |
99 (147) |
▼ 32.7% |
| Lots Sold |
388 (443) |
▼ 12.4% |
306 (335) |
▼ 8.7% |
82 (108) |
▼ 24.1% |
| Percent Sold |
82.7% (74.8%) |
▲ 10.6% |
82.7% (75.3%) |
▲ 9.8% |
82.8% (73.5%) |
▲ 12.7% |
| Total Raised |
£76.9M (£80.0M) |
▼ 3.9% |
£60.4M (£61.3M) |
▼ 1.5% |
£16.5M (£18.6M) |
▼ 11.7% |
 Wales
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
376 (469) |
▼ 19.8% |
316 (377) |
▼ 16.2% |
60 (92) |
▼ 34.8% |
| Lots Sold |
291 (337) |
▼ 13.6% |
248 (281) |
▼ 11.7% |
43 (56) |
▼ 23.2% |
| Percent Sold |
77.4% (71.9%) |
▲ 7.6% |
78.5% (74.5%) |
▲ 5.4% |
71.7% (60.9%) |
▲ 17.7% |
| Total Raised |
£34.6M (£37.7M) |
▼ 8.3% |
£24.7M (£28.3M) |
▼ 12.8% |
£9.9M (£9.4M) |
▲ 5.2% |
 West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
746 (943) |
▼ 20.9% |
673 (807) |
▼ 16.6% |
73 (136) |
▼ 46.3% |
| Lots Sold |
607 (718) |
▼ 15.5% |
552 (612) |
▼ 9.8% |
55 (106) |
▼ 48.1% |
| Percent Sold |
81.4% (76.1%) |
▲ 7.0% |
82.0% (75.8%) |
▲ 8.2% |
75.3% (77.9%) |
▼ 3.3% |
| Total Raised |
£84.6M (£97.2M) |
▼ 13.0% |
£69.8M (£77.4M) |
▼ 9.9% |
£14.8M (£19.8M) |
▼ 25.3% |
 Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| September 2020 to November 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
526 (737) |
▼ 28.6% |
457 (619) |
▼ 26.2% |
69 (118) |
▼ 41.5% |
| Lots Sold |
425 (560) |
▼ 24.1% |
376 (467) |
▼ 19.5% |
49 (93) |
▼ 47.3% |
| Percent Sold |
80.8% (76.0%) |
▲ 6.3% |
82.3% (75.4%) |
▲ 9.2% |
71.0% (78.8%) |
▼ 9.9% |
| Total Raised |
£51.8M (£55.8M) |
▼ 7.2% |
£37.4M (£44.1M) |
▼ 15.2% |
£14.5M (£11.8M) |
▲ 22.8% |
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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