Essential Auction News
Welcome to the July newsletter that looks back an auction activity in June and preceding periods. For the past 4 months the overall monthly amount raised has seen a double digit increase when compared with the same month last year. In June of this year, it fell back 28%, from £484M to £350M. The reason for this fall in revenue is principally because a major London commercial auction house held an auction in June last year raising £75M, but this year have held sales in both May and July but not June.
In the regions, the rolling quarter drops were not severe as it is measured over three months and not one month, with 6 of the regions seeing a rise in the value of properties sold including London, the South East, the Midlands and the South West.
As always, I welcome any comments you may have and do hope that you are coping with the extreme temperatures we are now all experiencing.
Please note the newsletter can also be viewed online. Kind regards David Sandeman davids@eigroup.co.uk P.S. Here at the Essential Information Group we maintain a database of virtually every property coming up for sale at auction as well as almost 900,000 lots that have been to auction in the past. It is fully searchable and allows you to identify properties coming up for sale that you might be interested in, and to see what similar properties have sold for in the past. If you would like a trial of our website, please register here. |
Overall Statistics June 2022 |
Total Lots Offered |
2,247 |
Total Lots Sold |
1,603 |
Percent Sold |
71.3% |
Total Realised |
£350,547,700 |
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National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
June 2022 |
April 2022 to June 2022 |
July 2021 to June 2022 |
Lots Offered |
2,247 (2,495) |
▼ 9.9% |
7,718 (7,334) |
▲ 5.2% |
28,775 (28,253) |
▲ 1.8% |
Lots Sold |
1,603 (1,938) |
▼ 17.3% |
5,653 (5,782) |
▼ 2.2% |
21,990 (21,903) |
▲ 0.4% |
Percent Sold |
71.3% (77.7%) |
▼ 8.2% |
73.2% (78.8%) |
▼ 7.1% |
76.4% (77.5%) |
▼ 1.4% |
Total Raised |
£350.5M (£484.4M) |
▼ 27.6% |
£1,210.1M (£1,213.5M) |
▼ 0.3% |
£4,693.6M (£4,384.4M) |
▲ 7.1% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
June 2022 |
April 2022 to June 2022 |
July 2021 to June 2022 |
Lots Offered |
1,950 (2,078) |
▼ 6.2% |
6,523 (6,349) |
▲ 2.7% |
24,403 (24,682) |
▼ 1.1% |
Lots Sold |
1,427 (1,617) |
▼ 11.8% |
4,882 (5,008) |
▼ 2.5% |
18,793 (19,111) |
▼ 1.7% |
Percent Sold |
73.2% (77.8%) |
▼ 5.9% |
74.8% (78.9%) |
▼ 5.2% |
77.0% (77.4%) |
▼ 0.5% |
Total Raised |
£311.0M (£365.0M) |
▼ 14.8% |
£962.4M (£930.8M) |
▲ 3.4% |
£3,549.3M (£3,364.5M) |
▲ 5.5% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
June 2022 |
April 2022 to June 2022 |
July 2021 to June 2022 |
Lots Offered |
297 (417) |
▼ 28.8% |
1,195 (985) |
▲ 21.3% |
4,372 (3,571) |
▲ 22.4% |
Lots Sold |
176 (321) |
▼ 45.2% |
771 (774) |
▼ 0.4% |
3,197 (2,792) |
▲ 14.5% |
Percent Sold |
59.3% (77.0%) |
▼ 23.0% |
64.5% (78.6%) |
▼ 17.9% |
73.1% (78.2%) |
▼ 6.5% |
Total Raised |
£39.5M (£119.3M) |
▼ 66.9% |
£247.7M (£282.7M) |
▼ 12.4% |
£1,144.3M (£1,019.9M) |
▲ 12.2% |
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 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
280 (278) |
▲ 0.7% |
231 (237) |
▼ 2.5% |
49 (41) |
▲ 19.5% |
Lots Sold |
201 (239) |
▼ 15.9% |
167 (200) |
▼ 16.5% |
34 (39) |
▼ 12.8% |
Percent Sold |
71.8% (86.0%) |
▼ 16.5% |
72.3% (84.4%) |
▼ 14.3% |
69.4% (95.1%) |
▼ 27.0% |
Total Raised |
£43.3M (£52.6M) |
▼ 17.6% |
£32.2M (£38.5M) |
▼ 16.3% |
£11.1M (£14.0M) |
▼ 21.1% |
East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
597 (536) |
▲ 11.4% |
506 (483) |
▲ 4.8% |
91 (53) |
▲ 71.7% |
Lots Sold |
449 (436) |
▲ 3.0% |
391 (391) |
▼ 0.0% |
58 (45) |
▲ 28.9% |
Percent Sold |
75.2% (81.3%) |
▼ 7.5% |
77.3% (81.0%) |
▼ 4.6% |
63.7% (84.9%) |
▼ 25.0% |
Total Raised |
£74.7M (£69.0M) |
▲ 8.3% |
£58.6M (£55.3M) |
▲ 6.0% |
£16.1M (£13.7M) |
▲ 17.7% |
London
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
711 (707) |
▲ 0.6% |
649 (620) |
▲ 4.7% |
62 (87) |
▼ 28.7% |
Lots Sold |
548 (521) |
▲ 5.2% |
507 (454) |
▲ 11.7% |
41 (67) |
▼ 38.8% |
Percent Sold |
77.1% (73.7%) |
▲ 4.6% |
78.1% (73.2%) |
▲ 6.7% |
66.1% (77.0%) |
▼ 14.2% |
Total Raised |
£277.5M (£236.0M) |
▲ 17.6% |
£241.3M (£194.1M) |
▲ 24.3% |
£36.2M (£41.9M) |
▼ 13.5% |
North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
471 (544) |
▼ 13.4% |
434 (528) |
▼ 17.8% |
37 (16) |
▲ 131.3% |
Lots Sold |
324 (406) |
▼ 20.2% |
302 (391) |
▼ 22.8% |
22 (15) |
▲ 46.7% |
Percent Sold |
68.8% (74.6%) |
▼ 7.8% |
69.6% (74.1%) |
▼ 6.1% |
59.5% (93.8%) |
▼ 36.6% |
Total Raised |
£29.5M (£35.4M) |
▼ 16.6% |
£24.6M (£27.4M) |
▼ 10.3% |
£4.9M (£7.9M) |
▼ 38.0% |
North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
1,135 (1,260) |
▼ 9.9% |
994 (1,142) |
▼ 13.0% |
141 (118) |
▲ 19.5% |
Lots Sold |
849 (970) |
▼ 12.5% |
758 (885) |
▼ 14.4% |
91 (85) |
▲ 7.1% |
Percent Sold |
74.8% (77.0%) |
▼ 2.9% |
76.3% (77.5%) |
▼ 1.5% |
64.5% (72.0%) |
▼ 10.4% |
Total Raised |
£105.4M (£122.5M) |
▼ 14.0% |
£86.7M (£97.6M) |
▼ 11.1% |
£18.7M (£24.9M) |
▼ 25.0% |
North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
554 (487) |
▲ 13.8% |
464 (444) |
▲ 4.5% |
90 (43) |
▲ 109.3% |
Lots Sold |
393 (383) |
▲ 2.6% |
347 (352) |
▼ 1.4% |
46 (31) |
▲ 48.4% |
Percent Sold |
70.9% (78.6%) |
▼ 9.8% |
74.8% (79.3%) |
▼ 5.7% |
51.1% (72.1%) |
▼ 29.1% |
Total Raised |
£110.5M (£103.6M) |
▲ 6.7% |
£89.3M (£80.6M) |
▲ 10.8% |
£21.2M (£22.9M) |
▼ 7.5% |
Northern Ireland
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
74 (34) |
▲ 117.6% |
46 (32) |
▲ 43.8% |
28 (2) |
▲ 1,300.0% |
Lots Sold |
28 (14) |
▲ 100.0% |
16 (13) |
▲ 23.1% |
12 (1) |
▲ 1,100.0% |
Percent Sold |
37.8% (41.2%) |
▼ 8.3% |
34.8% (40.6%) |
▼ 14.3% |
42.9% (50.0%) |
▼ 14.2% |
Total Raised |
£2.5M (£1.1M) |
▲ 120.4% |
£1.2M (£1.0M) |
▲ 16.1% |
£1.2M (£0.1M) |
▲ 1,564.0% |
Scotland
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
269 (212) |
▲ 26.9% |
167 (116) |
▲ 44.0% |
102 (96) |
▲ 6.3% |
Lots Sold |
116 (109) |
▲ 6.4% |
74 (56) |
▲ 32.1% |
42 (53) |
▼ 20.8% |
Percent Sold |
43.1% (51.4%) |
▼ 16.1% |
44.3% (48.3%) |
▼ 8.3% |
41.2% (55.2%) |
▼ 25.4% |
Total Raised |
£14.1M (£14.3M) |
▼ 1.6% |
£5.6M (£4.1M) |
▲ 38.4% |
£8.5M (£10.3M) |
▼ 17.5% |
South-East Home Counties
(Includes Channel Islands, East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex)
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
1,277 (1,155) |
▲ 10.6% |
1,057 (991) |
▲ 6.7% |
220 (164) |
▲ 34.1% |
Lots Sold |
894 (921) |
▼ 2.9% |
772 (793) |
▼ 2.6% |
122 (128) |
▼ 4.7% |
Percent Sold |
70.0% (79.7%) |
▼ 12.2% |
73.0% (80.0%) |
▼ 8.8% |
55.5% (78.0%) |
▼ 28.8% |
Total Raised |
£253.1M (£244.6M) |
▲ 3.5% |
£192.6M (£190.9M) |
▲ 0.9% |
£60.5M (£53.7M) |
▲ 12.7% |
South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Isles of Scilly, Somerset, Wiltshire)
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
654 (449) |
▲ 45.7% |
517 (336) |
▲ 53.9% |
137 (113) |
▲ 21.2% |
Lots Sold |
527 (406) |
▲ 29.8% |
418 (309) |
▲ 35.3% |
109 (97) |
▲ 12.4% |
Percent Sold |
80.6% (90.4%) |
▼ 10.8% |
80.9% (92.0%) |
▼ 12.1% |
79.6% (85.8%) |
▼ 7.2% |
Total Raised |
£110.9M (£98.3M) |
▲ 12.8% |
£86.6M (£65.4M) |
▲ 32.5% |
£24.3M (£32.9M) |
▼ 26.2% |
Wales
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
471 (422) |
▲ 11.6% |
393 (334) |
▲ 17.7% |
78 (88) |
▼ 11.4% |
Lots Sold |
358 (352) |
▲ 1.7% |
297 (278) |
▲ 6.8% |
61 (74) |
▼ 17.6% |
Percent Sold |
76.0% (83.4%) |
▼ 8.9% |
75.6% (83.2%) |
▼ 9.1% |
78.2% (84.1%) |
▼ 7.0% |
Total Raised |
£42.5M (£43.7M) |
▼ 2.6% |
£33.6M (£30.7M) |
▲ 9.3% |
£8.9M (£12.9M) |
▼ 31.0% |
West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
594 (642) |
▼ 7.5% |
509 (560) |
▼ 9.1% |
85 (82) |
▲ 3.7% |
Lots Sold |
490 (527) |
▼ 7.0% |
422 (460) |
▼ 8.3% |
68 (67) |
▲ 1.5% |
Percent Sold |
82.5% (82.1%) |
▲ 0.5% |
82.9% (82.1%) |
▲ 1.0% |
80.0% (81.7%) |
▼ 2.1% |
Total Raised |
£87.9M (£89.9M) |
▼ 2.2% |
£64.3M (£67.4M) |
▼ 4.6% |
£23.6M (£22.5M) |
▲ 4.9% |
Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
April 2022 to June 2022 |
Total |
Residential |
Commercial |
Lots Offered |
631 (608) |
▲ 3.8% |
556 (526) |
▲ 5.7% |
75 (82) |
▼ 8.5% |
Lots Sold |
476 (498) |
▼ 4.4% |
411 (426) |
▼ 3.5% |
65 (72) |
▼ 9.7% |
Percent Sold |
75.4% (81.9%) |
▼ 7.9% |
73.9% (81.0%) |
▼ 8.8% |
86.7% (87.8%) |
▼ 1.3% |
Total Raised |
£58.1M (£102.7M) |
▼ 43.4% |
£45.7M (£77.8M) |
▼ 41.3% |
£12.5M (£24.9M) |
▼ 49.9% |
Disclaimer: The figures in this newsletter are based on sales data provided to us by the auctioneers.
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