Essential Auction News
Welcome to the August newsletter that looks back at auction activity in July and preceding periods.
The past three newsletters have shown huge increases across all measurable metrics when comparing each month with its corresponding month in 2020. This was due in part to the temporary shrinking of auction numbers last year due to Covid-19 restrictions, especially in April, May, and June 2020. Fast forward 15 months and the industry is now coping well with the challenges that Covid presents, and for the past few months we've seen big increases in numbers when compared with 2020.
However, as with previous months, when we compare July 2021 against July 2019 we see broadly similar values. The amount realised last month was £445.5M - up just £700,000 on July 19, with 2,396 lots sold in July 19 compared with 2,136 lots sold in July this year. Interestingly, it was recently reported by HMRC that private treaty sales were down 62% in July when compared with July 2020.
I would expect to see this trend continuing as we look forward to the second half of the year with similar sized auctions being prepared as we speak. As always, I would welcome any comments you might have.
Please note the newsletter can also be viewed online. |
|
Overall Statistics July 2021 |
| Auctions Held in the UK |
80 |
| Total Lots Offered |
2,693 |
| Total Lots Sold |
2,136 |
| Percent Sold |
79.3% |
| Total Realised |
£446,213,904 |
|
|
National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
July 2021 |
May 2021 to July 2021 |
August 2020 to July 2021 |
| Lots Offered |
2,693 (2,602) |
▲ 3.5% |
7,172 (5,290) |
▲ 35.6% |
25,090 (24,279) |
▲ 3.3% |
| Lots Sold |
2,136 (2,125) |
▲ 0.5% |
5,694 (4,293) |
▲ 32.6% |
19,746 (18,485) |
▲ 6.8% |
| Percent Sold |
79.3% (81.7%) |
▼ 2.9% |
79.4% (81.2%) |
▼ 2.2% |
78.7% (76.1%) |
▲ 3.4% |
| Total Raised |
£446.2M (£416.5M) |
▲ 7.1% |
£1,228.6M (£820.9M) |
▲ 49.7% |
£3,974.4M (£3,072.4M) |
▲ 29.4% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
July 2021 |
May 2021 to July 2021 |
August 2020 to July 2021 |
| Lots Offered |
2,335 (2,239) |
▲ 4.3% |
6,149 (4,590) |
▲ 34.0% |
22,044 (20,803) |
▲ 6.0% |
| Lots Sold |
1,880 (1,835) |
▲ 2.5% |
4,921 (3,734) |
▲ 31.8% |
17,351 (15,878) |
▲ 9.3% |
| Percent Sold |
80.5% (82.0%) |
▼ 1.8% |
80.0% (81.4%) |
▼ 1.7% |
78.7% (76.3%) |
▲ 3.1% |
| Total Raised |
£334.1M (£312.0M) |
▲ 7.1% |
£901.6M (£615.6M) |
▲ 46.4% |
£3,052.7M (£2,326.7M) |
▲ 31.2% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
July 2021 |
May 2021 to July 2021 |
August 2020 to July 2021 |
| Lots Offered |
358 (363) |
▼ 1.4% |
1,023 (700) |
▲ 46.1% |
3,046 (3,476) |
▼ 12.4% |
| Lots Sold |
256 (290) |
▼ 11.7% |
773 (559) |
▲ 38.3% |
2,395 (2,607) |
▼ 8.1% |
| Percent Sold |
71.5% (79.9%) |
▼ 10.5% |
75.6% (79.9%) |
▼ 5.4% |
78.6% (75.0%) |
▲ 4.8% |
| Total Raised |
£112.2M (£104.5M) |
▲ 7.3% |
£327.0M (£205.2M) |
▲ 59.3% |
£921.7M (£745.7M) |
▲ 23.6% |
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)
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
360 (207) |
▲ 73.9% |
309 (166) |
▲ 86.1% |
51 (41) |
▲ 24.4% |
| Lots Sold |
295 (170) |
▲ 73.5% |
249 (133) |
▲ 87.2% |
46 (37) |
▲ 24.3% |
| Percent Sold |
81.9% (82.1%) |
▼ 0.2% |
80.6% (80.1%) |
▲ 0.6% |
90.2% (90.2%) |
▼ 0.0% |
| Total Raised |
£61.8M (£32.4M) |
▲ 90.5% |
£44.3M (£21.6M) |
▲ 105.1% |
£17.5M (£10.8M) |
▲ 61.5% |
 East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
448 (373) |
▲ 20.1% |
409 (323) |
▲ 26.6% |
39 (50) |
▼ 22.0% |
| Lots Sold |
366 (306) |
▲ 19.6% |
333 (270) |
▲ 23.3% |
33 (36) |
▼ 8.3% |
| Percent Sold |
81.7% (82.0%) |
▼ 0.4% |
81.4% (83.6%) |
▼ 2.6% |
84.6% (72.0%) |
▲ 17.5% |
| Total Raised |
£64.9M (£47.6M) |
▲ 36.3% |
£50.3M (£35.0M) |
▲ 43.8% |
£14.6M (£12.6M) |
▲ 15.5% |
 London
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
673 (527) |
▲ 27.7% |
603 (476) |
▲ 26.7% |
70 (51) |
▲ 37.3% |
| Lots Sold |
500 (422) |
▲ 18.5% |
445 (381) |
▲ 16.8% |
55 (41) |
▲ 34.1% |
| Percent Sold |
74.3% (80.1%) |
▼ 7.2% |
73.8% (80.0%) |
▼ 7.8% |
78.6% (80.4%) |
▼ 2.2% |
| Total Raised |
£235.1M (£198.4M) |
▲ 18.5% |
£193.5M (£153.6M) |
▲ 26.0% |
£41.6M (£44.8M) |
▼ 7.1% |
 North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
427 (455) |
▼ 6.2% |
411 (427) |
▼ 3.7% |
16 (28) |
▼ 42.9% |
| Lots Sold |
334 (401) |
▼ 16.7% |
319 (378) |
▼ 15.6% |
15 (23) |
▼ 34.8% |
| Percent Sold |
78.2% (88.1%) |
▼ 11.2% |
77.6% (88.5%) |
▼ 12.3% |
93.8% (82.1%) |
▲ 14.3% |
| Total Raised |
£32.9M (£27.8M) |
▲ 18.6% |
£23.7M (£22.9M) |
▲ 3.7% |
£9.2M (£4.9M) |
▲ 88.3% |
 North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
1,214 (924) |
▲ 31.4% |
1,082 (811) |
▲ 33.4% |
132 (113) |
▲ 16.8% |
| Lots Sold |
910 (709) |
▲ 28.3% |
825 (628) |
▲ 31.4% |
85 (81) |
▲ 4.9% |
| Percent Sold |
75.0% (76.7%) |
▼ 2.2% |
76.2% (77.4%) |
▼ 1.6% |
64.4% (71.7%) |
▼ 10.2% |
| Total Raised |
£112.8M (£78.7M) |
▲ 43.4% |
£88.1M (£62.6M) |
▲ 40.7% |
£24.7M (£16.1M) |
▲ 53.8% |
 North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
440 (369) |
▲ 19.2% |
391 (322) |
▲ 21.4% |
49 (47) |
▲ 4.3% |
| Lots Sold |
351 (308) |
▲ 14.0% |
315 (269) |
▲ 17.1% |
36 (39) |
▼ 7.7% |
| Percent Sold |
79.8% (83.5%) |
▼ 4.4% |
80.6% (83.5%) |
▼ 3.5% |
73.5% (83.0%) |
▼ 11.4% |
| Total Raised |
£107.8M (£65.1M) |
▲ 65.4% |
£76.3M (£53.2M) |
▲ 43.3% |
£31.5M (£11.9M) |
▲ 164.1% |
 Northern Ireland
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
2 (0) |
▲ n/a |
2 (0) |
▲ n/a |
0 (0) |
▼ n/a |
| Lots Sold |
2 (0) |
▲ n/a |
2 (0) |
▲ n/a |
0 (0) |
▼ n/a |
| Percent Sold |
100.0% (0.0%) |
▲ n/a |
100.0% (0.0%) |
▲ n/a |
0.0% (0.0%) |
▼ n/a |
| Total Raised |
£0.2M (£0.0M) |
▲ n/a |
£0.2M (£0.0M) |
▲ n/a |
£0.0M (£0.0M) |
▼ n/a |
 Scotland
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
85 (36) |
▲ 136.1% |
36 (11) |
▲ 227.3% |
49 (25) |
▲ 96.0% |
| Lots Sold |
68 (29) |
▲ 134.5% |
31 (10) |
▲ 210.0% |
37 (19) |
▲ 94.7% |
| Percent Sold |
80.0% (80.6%) |
▼ 0.7% |
86.1% (90.9%) |
▼ 5.3% |
75.5% (76.0%) |
▼ 0.7% |
| Total Raised |
£17.2M (£9.0M) |
▲ 90.2% |
£2.5M (£0.6M) |
▲ 344.2% |
£14.7M (£8.5M) |
▲ 73.3% |
 South-East Home Counties
(Includes East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex, Channel Islands)
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
1,265 (884) |
▲ 43.1% |
1,041 (761) |
▲ 36.8% |
224 (123) |
▲ 82.1% |
| Lots Sold |
995 (714) |
▲ 39.4% |
848 (615) |
▲ 37.9% |
147 (99) |
▲ 48.5% |
| Percent Sold |
78.7% (80.8%) |
▼ 2.6% |
81.5% (80.8%) |
▲ 0.9% |
65.6% (80.5%) |
▼ 18.5% |
| Total Raised |
£264.1M (£161.3M) |
▲ 63.8% |
£197.3M (£123.4M) |
▲ 60.0% |
£66.8M (£37.9M) |
▲ 76.1% |
 South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Somerset, Wiltshire, Isles of Scilly)
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
509 (342) |
▲ 48.8% |
392 (281) |
▲ 39.5% |
117 (61) |
▲ 91.8% |
| Lots Sold |
439 (288) |
▲ 52.4% |
342 (236) |
▲ 44.9% |
97 (52) |
▲ 86.5% |
| Percent Sold |
86.2% (84.2%) |
▲ 2.4% |
87.2% (84.0%) |
▲ 3.8% |
82.9% (85.2%) |
▼ 2.7% |
| Total Raised |
£108.3M (£69.3M) |
▲ 56.2% |
£76.6M (£47.9M) |
▲ 59.8% |
£31.7M (£21.4M) |
▲ 48.2% |
 Wales
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
427 (268) |
▲ 59.3% |
329 (222) |
▲ 48.2% |
98 (46) |
▲ 113.0% |
| Lots Sold |
341 (209) |
▲ 63.2% |
258 (172) |
▲ 50.0% |
83 (37) |
▲ 124.3% |
| Percent Sold |
79.9% (78.0%) |
▲ 2.4% |
78.4% (77.5%) |
▲ 1.2% |
84.7% (80.4%) |
▲ 5.3% |
| Total Raised |
£47.9M (£26.1M) |
▲ 83.7% |
£29.9M (£16.9M) |
▲ 76.3% |
£18.0M (£9.1M) |
▲ 97.6% |
 West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
759 (598) |
▲ 26.9% |
650 (543) |
▲ 19.7% |
109 (55) |
▲ 98.2% |
| Lots Sold |
629 (482) |
▲ 30.5% |
545 (438) |
▲ 24.4% |
84 (44) |
▲ 90.9% |
| Percent Sold |
82.9% (80.6%) |
▲ 2.9% |
83.8% (80.7%) |
▲ 3.8% |
77.1% (80.0%) |
▼ 3.6% |
| Total Raised |
£112.2M (£73.5M) |
▲ 52.8% |
£79.1M (£58.3M) |
▲ 35.6% |
£33.1M (£15.1M) |
▲ 119.0% |
 Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| May 2021 to July 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
563 (307) |
▲ 83.4% |
494 (247) |
▲ 100.0% |
69 (60) |
▲ 15.0% |
| Lots Sold |
464 (255) |
▲ 82.0% |
409 (204) |
▲ 100.5% |
55 (51) |
▲ 7.8% |
| Percent Sold |
82.4% (83.1%) |
▼ 0.8% |
82.8% (82.6%) |
▲ 0.2% |
79.7% (85.0%) |
▼ 6.2% |
| Total Raised |
£63.4M (£31.7M) |
▲ 100.0% |
£39.8M (£19.6M) |
▲ 102.9% |
£23.7M (£12.1M) |
▲ 95.2% |
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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