Essential Auction News
Welcome to the July newsletter that looks back at auction activity in June and preceding periods. Regular readers of our newsletter will recall that for the past three months the value of sold lots has been running at approximately 50% when compared with the same month last year. Whilst the industry felt a significant ‘uptick’ in activity for June, it came as a pleasant surprise when reviewing the ‘numbers’ that the value of sales raised by the industry in June was up on last year, by 0.8%.
Whilst the residential revenue slipped 3% the commercial revenue was up 24%. This was in some part due to Allsop Commercial holding a June sale in addition to the normal auction calendar. It is also interesting to note that whilst overall the number of lots offered fell by 29% the percent selling went up by 13.5% to 80.8%.
This growth was to be expected owing to the easing of viewings and inspections (though neither are back to the flexibility seen pre COVID-19), and I think we can look forward to similar numbers for the July sales.
As ever, I welcome any comments you may have.
Please note the newsletter can also be viewed online. |
|
Overall Statistics June 2020 |
| Auctions Held in the UK |
43 |
| Total Lots Offered |
1,418 |
| Total Lots Sold |
1,146 |
| Percent Sold |
80.8% |
| Total Realised |
£199,017,266 |
|
|
National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
June 2020 |
April 2020 to June 2020 |
July 2019 to June 2020 |
| Lots Offered |
1,418 (1,993) |
▼ 28.9% |
3,860 (7,240) |
▼ 46.7% |
24,759 (30,184) |
▼ 18.0% |
| Lots Sold |
1,146 (1,420) |
▼ 19.3% |
2,938 (5,349) |
▼ 45.1% |
18,673 (22,373) |
▼ 16.5% |
| Percent Sold |
80.8% (71.2%) |
▲ 13.5% |
76.1% (73.9%) |
▲ 3.0% |
75.4% (74.1%) |
▲ 1.8% |
| Total Raised |
£199.0M (£197.5M) |
▲ 0.8% |
£503.5M (£861.5M) |
▼ 41.6% |
£3,115.0M (£3,819.6M) |
▼ 18.4% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
June 2020 |
April 2020 to June 2020 |
July 2019 to June 2020 |
| Lots Offered |
1,258 (1,698) |
▼ 25.9% |
3,381 (6,174) |
▼ 45.2% |
21,069 (25,551) |
▼ 17.5% |
| Lots Sold |
1,026 (1,220) |
▼ 15.9% |
2,572 (4,590) |
▼ 44.0% |
15,897 (18,905) |
▼ 15.9% |
| Percent Sold |
81.6% (71.8%) |
▲ 13.6% |
76.1% (74.3%) |
▲ 2.4% |
75.5% (74.0%) |
▲ 2.0% |
| Total Raised |
£165.1M (£170.1M) |
▼ 3.0% |
£394.8M (£646.6M) |
▼ 38.9% |
£2,315.9M (£2,740.0M) |
▼ 15.5% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
June 2020 |
April 2020 to June 2020 |
July 2019 to June 2020 |
| Lots Offered |
160 (295) |
▼ 45.8% |
479 (1,066) |
▼ 55.1% |
3,690 (4,633) |
▼ 20.4% |
| Lots Sold |
120 (200) |
▼ 40.0% |
366 (759) |
▼ 51.8% |
2,776 (3,468) |
▼ 20.0% |
| Percent Sold |
75.0% (67.8%) |
▲ 10.6% |
76.4% (71.2%) |
▲ 7.3% |
75.2% (74.9%) |
▲ 0.4% |
| Total Raised |
£33.9M (£27.4M) |
▲ 24.0% |
£108.7M (£214.9M) |
▼ 49.4% |
£799.1M (£1,079.6M) |
▼ 26.0% |
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)
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
182 (294) |
▼ 38.1% |
154 (241) |
▼ 36.1% |
28 (53) |
▼ 47.2% |
| Lots Sold |
130 (189) |
▼ 31.2% |
107 (152) |
▼ 29.6% |
23 (37) |
▼ 37.8% |
| Percent Sold |
71.4% (64.3%) |
▲ 11.0% |
69.5% (63.1%) |
▲ 10.1% |
82.1% (69.8%) |
▲ 17.6% |
| Total Raised |
£19.1M (£32.5M) |
▼ 41.1% |
£14.8M (£23.2M) |
▼ 36.0% |
£4.3M (£9.3M) |
▼ 53.8% |
 East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
277 (504) |
▼ 45.0% |
241 (426) |
▼ 43.4% |
36 (78) |
▼ 53.8% |
| Lots Sold |
215 (388) |
▼ 44.6% |
189 (338) |
▼ 44.1% |
26 (50) |
▼ 48.0% |
| Percent Sold |
77.6% (77.0%) |
▲ 0.8% |
78.4% (79.3%) |
▼ 1.1% |
72.2% (64.1%) |
▲ 12.6% |
| Total Raised |
£30.8M (£57.1M) |
▼ 46.0% |
£23.4M (£44.5M) |
▼ 47.4% |
£7.4M (£12.5M) |
▼ 40.8% |
 London
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
378 (466) |
▼ 18.9% |
351 (420) |
▼ 16.4% |
27 (46) |
▼ 41.3% |
| Lots Sold |
293 (329) |
▼ 10.9% |
269 (298) |
▼ 9.7% |
24 (31) |
▼ 22.6% |
| Percent Sold |
77.5% (70.6%) |
▲ 9.8% |
76.6% (71.0%) |
▲ 7.9% |
88.9% (67.4%) |
▲ 31.9% |
| Total Raised |
£135.1M (£155.1M) |
▼ 12.8% |
£108.2M (£124.1M) |
▼ 12.8% |
£27.0M (£31.0M) |
▼ 13.0% |
 North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
210 (693) |
▼ 69.7% |
200 (648) |
▼ 69.1% |
10 (45) |
▼ 77.8% |
| Lots Sold |
172 (523) |
▼ 67.1% |
164 (498) |
▼ 67.1% |
8 (25) |
▼ 68.0% |
| Percent Sold |
81.9% (75.5%) |
▲ 8.5% |
82.0% (76.9%) |
▲ 6.6% |
80.0% (55.6%) |
▲ 43.9% |
| Total Raised |
£8.9M (£40.7M) |
▼ 78.1% |
£7.9M (£32.7M) |
▼ 75.8% |
£1.0M (£8.0M) |
▼ 87.2% |
 North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
807 (1,166) |
▼ 30.8% |
703 (994) |
▼ 29.3% |
104 (172) |
▼ 39.5% |
| Lots Sold |
577 (840) |
▼ 31.3% |
507 (737) |
▼ 31.2% |
70 (103) |
▼ 32.0% |
| Percent Sold |
71.5% (72.0%) |
▼ 0.7% |
72.1% (74.1%) |
▼ 2.7% |
67.3% (59.9%) |
▲ 12.4% |
| Total Raised |
£54.8M (£84.3M) |
▼ 35.0% |
£46.0M (£64.5M) |
▼ 28.7% |
£8.8M (£19.8M) |
▼ 55.4% |
 North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
271 (421) |
▼ 35.6% |
251 (383) |
▼ 34.5% |
20 (38) |
▼ 47.4% |
| Lots Sold |
217 (332) |
▼ 34.6% |
201 (299) |
▼ 32.8% |
16 (33) |
▼ 51.5% |
| Percent Sold |
80.1% (78.9%) |
▲ 1.5% |
80.1% (78.1%) |
▲ 2.6% |
80.0% (86.8%) |
▼ 7.8% |
| Total Raised |
£37.3M (£80.4M) |
▼ 53.6% |
£30.9M (£62.2M) |
▼ 50.3% |
£6.4M (£18.2M) |
▼ 64.6% |
 Northern Ireland
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
0 (133) |
▼ 100.0% |
0 (106) |
▼ 100.0% |
0 (27) |
▼ 100.0% |
| Lots Sold |
0 (68) |
▼ 100.0% |
0 (63) |
▼ 100.0% |
0 (5) |
▼ 100.0% |
| Percent Sold |
0.0% (51.1%) |
▼ 100.0% |
0.0% (59.4%) |
▼ 100.0% |
0.0% (18.5%) |
▼ 100.0% |
| Total Raised |
£0.0M (£6.4M) |
▼ 100.0% |
£0.0M (£5.9M) |
▼ 100.0% |
£0.0M (£0.4M) |
▼ 100.0% |
 Scotland
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
35 (241) |
▼ 85.5% |
12 (186) |
▼ 93.5% |
23 (55) |
▼ 58.2% |
| Lots Sold |
23 (170) |
▼ 86.5% |
9 (130) |
▼ 93.1% |
14 (40) |
▼ 65.0% |
| Percent Sold |
65.7% (70.5%) |
▼ 6.8% |
75.0% (69.9%) |
▲ 7.3% |
60.9% (72.7%) |
▼ 16.2% |
| Total Raised |
£4.3M (£17.7M) |
▼ 75.5% |
£0.5M (£7.5M) |
▼ 93.6% |
£3.9M (£10.2M) |
▼ 62.2% |
 South-East Home Counties
(Includes East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex, Channel Islands)
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
595 (923) |
▼ 35.5% |
533 (802) |
▼ 33.5% |
62 (121) |
▼ 48.8% |
| Lots Sold |
455 (689) |
▼ 34.0% |
409 (592) |
▼ 30.9% |
46 (97) |
▼ 52.6% |
| Percent Sold |
76.5% (74.6%) |
▲ 2.5% |
76.7% (73.8%) |
▲ 3.9% |
74.2% (80.2%) |
▼ 7.5% |
| Total Raised |
£89.8M (£146.7M) |
▼ 38.8% |
£75.2M (£107.3M) |
▼ 29.9% |
£14.5M (£39.3M) |
▼ 63.1% |
 South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Somerset, Wiltshire, Isles of Scilly)
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
272 (555) |
▼ 51.0% |
232 (433) |
▼ 46.4% |
40 (122) |
▼ 67.2% |
| Lots Sold |
213 (435) |
▼ 51.0% |
179 (331) |
▼ 45.9% |
34 (104) |
▼ 67.3% |
| Percent Sold |
78.3% (78.4%) |
▼ 0.1% |
77.2% (76.4%) |
▲ 1.0% |
85.0% (85.2%) |
▼ 0.2% |
| Total Raised |
£35.4M (£72.9M) |
▼ 51.4% |
£26.3M (£55.2M) |
▼ 52.3% |
£9.1M (£17.7M) |
▼ 48.6% |
 Wales
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
209 (522) |
▼ 60.0% |
168 (415) |
▼ 59.5% |
41 (107) |
▼ 61.7% |
| Lots Sold |
149 (356) |
▼ 58.1% |
119 (285) |
▼ 58.2% |
30 (71) |
▼ 57.7% |
| Percent Sold |
71.3% (68.2%) |
▲ 4.5% |
70.8% (68.7%) |
▲ 3.1% |
73.2% (66.4%) |
▲ 10.2% |
| Total Raised |
£15.8M (£38.7M) |
▼ 59.2% |
£10.4M (£26.5M) |
▼ 60.5% |
£5.3M (£12.2M) |
▼ 56.3% |
 West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
399 (739) |
▼ 46.0% |
358 (633) |
▼ 43.4% |
41 (106) |
▼ 61.3% |
| Lots Sold |
311 (575) |
▼ 45.9% |
278 (492) |
▼ 43.5% |
33 (83) |
▼ 60.2% |
| Percent Sold |
77.9% (77.8%) |
▲ 0.1% |
77.7% (77.7%) |
▼ 0.0% |
80.5% (78.3%) |
▲ 2.8% |
| Total Raised |
£49.9M (£81.8M) |
▼ 39.1% |
£39.0M (£59.8M) |
▼ 34.8% |
£10.8M (£22.0M) |
▼ 50.7% |
 Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| April 2020 to June 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
225 (583) |
▼ 61.4% |
178 (487) |
▼ 63.4% |
47 (96) |
▼ 51.0% |
| Lots Sold |
183 (455) |
▼ 59.8% |
141 (375) |
▼ 62.4% |
42 (80) |
▼ 47.5% |
| Percent Sold |
81.3% (78.0%) |
▲ 4.2% |
79.2% (77.0%) |
▲ 2.9% |
89.4% (83.3%) |
▲ 7.3% |
| Total Raised |
£22.2M (£47.4M) |
▼ 53.2% |
£12.1M (£33.2M) |
▼ 63.5% |
£10.1M (£14.2M) |
▼ 29.2% |
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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