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Welcome to the July newsletter giving details of auction activity for June. Like May it was a busy month with 165 auctions held nationally (May 163 auctions) with 3,370 lots being offered (May 4,198 lots).
We have had a very positive feedback from our clients about the inclusion of house price data from our sister site www.englishhouseprices.com. Whenever you see the  icon you will be taken to a report giving details of all transactions within that specific postcode since April 2000. You can then change the search parameters if you wish.
I am pleased to announce the introduction of our "Auction Passport" facility. We are hosting the legal documentation pertaining to lots for an increasing number of auction houses and all one needs to access the legal documentation is a single username and password which will work with all participating auctioneers. Where the legals are available via this service within our search results you will see this icon  .
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
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Essential Auction News
165 property auctions were held throughout the UK in June 2007.
We will compare these results to those of June 2006.
There is also a regional breakdown of statistics.
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Overall Statistics June 2007
| Number of Auctions Held in the UK |
165 |
| Total Lots Offered |
3,371 |
| Total Lots Sold |
2,328 |
| Percent Sold |
69% |
| Total Realised |
£381,832,310 |
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National Auction Analysis
As with May, June 07 saw a big increase in the number of lots offered when compared with June 06, up 35% on last year and up 14% for the rolling year figures as well. The overall % sold however for June 07 was down when compared with June 06, but has moved up a point to 69% when compared with May 07. We are also seeing an increase in the amount raised despite the drop in sales rates with £381 million for June 07 and a total of £6.2 billion for the past 12 months.
| National Breakdown |
| |
Last Month |
Last Quarter |
Last Year |
| |
June 2007 |
June 2006 |
Increase |
April - June 2007 |
April - June 2006 |
Increase |
July 2006 - June 2007 |
July 2005 - June 2006 |
Increase |
| Lots Offered |
3,371 |
2,499 |
34.9% |
10,346 |
8,785 |
17.8% |
36,939 |
32,188 |
14.8% |
| Lots Sold |
2,328 |
1,915 |
21.6% |
7,262 |
6,838 |
6.2% |
27,626 |
24,394 |
13.2% |
| Percent Sold |
69% |
77% |
-9.9% |
70% |
78% |
-9.8% |
75% |
76% |
-1.3% |
| Total Raised |
£381,832,310 |
£287,067,834 |
33.0% |
£1,404,666,908 |
£1,368,386,345 |
2.7% |
£6,210,934,320 |
£5,208,766,392 |
19.2% |
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Regional Auction Analysis
Virtually every region saw an increase in number of lots offered over the past three months when compared with the same period last year. However, as the table below shows, there are some regions that have experienced a fall in the sale rate with the lowest one being in the North East with 42.5% (last yr 61%). The strongest results were to be found in the southern regions such as the South West, London and the Home Counties.
| Regional Breakdown |
| Location Map |
Column |
April - June 2007 |
April - June 2006 |
Increase |
| South-West |
Lots Offered |
870 |
653 |
33.2% |
| Lots Sold |
696 |
526 |
32.3% |
| Percent Sold |
80.0% |
80.6% |
-0.7% |
| Total Raised |
£151,351,365 |
£114,918,393 |
31.7% |
| North-East |
Lots Offered |
638 |
495 |
28.9% |
| Lots Sold |
271 |
302 |
-10.3% |
| Percent Sold |
42.5% |
61.0% |
-30.4% |
| Total Raised |
£48,394,899 |
£42,859,599 |
12.9% |
| East Anglia |
Lots Offered |
254 |
222 |
14.4% |
| Lots Sold |
205 |
193 |
6.2% |
| Percent Sold |
80.7% |
86.9% |
-7.2% |
| Total Raised |
£43,960,800 |
£55,447,500 |
-20.7% |
| North-West Home Counties |
Lots Offered |
511 |
377 |
35.5% |
| Lots Sold |
367 |
312 |
17.6% |
| Percent Sold |
71.8% |
82.8% |
-13.2% |
| Total Raised |
£168,745,850 |
£126,679,395 |
33.2% |
| West Midlands |
Lots Offered |
1241 |
895 |
38.7% |
| Lots Sold |
908 |
735 |
23.5% |
| Percent Sold |
73.2% |
82.1% |
-10.9% |
| Total Raised |
£145,134,900 |
£121,946,540 |
19.0% |
| Scotland |
Lots Offered |
237 |
239 |
-0.8% |
| Lots Sold |
132 |
169 |
-21.9% |
| Percent Sold |
55.7% |
70.7% |
-21.2% |
| Total Raised |
£37,975,150 |
£16,718,120 |
127.1% |
| London |
Lots Offered |
974 |
943 |
3.3% |
| Lots Sold |
818 |
828 |
-1.2% |
| Percent Sold |
84.0% |
87.8% |
-4.4% |
| Total Raised |
£338,284,199 |
£304,335,203 |
11.2% |
| Yorkshire and The Humber |
Lots Offered |
853 |
908 |
-6.1% |
| Lots Sold |
613 |
685 |
-10.5% |
| Percent Sold |
71.9% |
75.4% |
-4.7% |
| Total Raised |
£119,170,195 |
£116,801,000 |
2.0% |
| South-East Home Counties |
Lots Offered |
1378 |
1255 |
9.8% |
| Lots Sold |
1117 |
1031 |
8.3% |
| Percent Sold |
81.1% |
82.2% |
-1.3% |
| Total Raised |
£301,021,775 |
£269,858,506 |
11.5% |
| North-West |
Lots Offered |
1858 |
1623 |
14.5% |
| Lots Sold |
1109 |
1146 |
-3.2% |
| Percent Sold |
59.7% |
70.6% |
-15.5% |
| Total Raised |
£158,490,501 |
£179,848,439 |
-11.9% |
| Wales |
Lots Offered |
742 |
561 |
32.3% |
| Lots Sold |
486 |
432 |
12.5% |
| Percent Sold |
65.5% |
77.0% |
-14.9% |
| Total Raised |
£66,735,174 |
£91,789,700 |
-27.3% |
| Northern Ireland |
Lots Offered |
2 |
2 |
0.0% |
| Lots Sold |
2 |
2 |
0.0% |
| Percent Sold |
100.0% |
100.0% |
0.0% |
| Total Raised |
£205,000 |
£160,000 |
28.1% |
| East Midlands |
Lots Offered |
788 |
612 |
28.8% |
| Lots Sold |
538 |
477 |
12.8% |
| Percent Sold |
68.3% |
77.9% |
-12.4% |
| Total Raised |
£104,655,300 |
£80,768,450 |
29.6% |
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Your comments
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