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Welcome to the June news letter giving a round-up of auction activity for May 07. It was an extremely busy month, one of the busiest on record with 163 auctions offering 4,198 lots. That is an average of 8 auctions and 210 lots per day.
I announced last month our purchase of http://www.englishhouseprices.com. I am pleased to say that access to the site is now totally free and do hope that you will use this site when looking up general house prices. If you have any suggestions for the site do please let me know.
As a result of several comments from recipients of last month's news letter, we have added an additional field showing the '% sold' into the 'Regional Breakdown'. I do hope you find this interesting.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
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Essential Auction News
163 property auctions were held throughout the UK in May 2007.
We will compare these results to those of May 2006.
There is also a regional breakdown of statistics.
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Overall Statistics May 2007
| Number of Auctions Held in the UK |
163 |
| Total Lots Offered |
4,191 |
| Total Lots Sold |
2,870 |
| Percent Sold |
68% |
| Total Realised |
£671,227,374 |
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National Auction Analysis
May 07 saw a big increase in the number of lots offered when compared with May 06. However the percentage sold slipped 9 points to 68% and the total raised was down on last May as well. Similar, but not so large, trends were seen in the 'rolling quarter' as well. The 'year on year' figures showing a 11% increase in lots offered, sale rate holding firm at 75%, and a 17% increase in amount raised.
| National Breakdown |
| |
Last Month |
Last Quarter |
Last Year |
| |
May 2007 |
May 2006 |
Increase |
March - May 2007 |
March - May 2006 |
Increase |
June 2006 - May 2007 |
June 2005 - May 2006 |
Increase |
| Lots Offered |
4,191 |
3,500 |
19.7% |
10,115 |
9,120 |
10.9% |
36,062 |
32,318 |
11.6% |
| Lots Sold |
2,870 |
2,708 |
6.0% |
7,158 |
7,230 |
-1.0% |
27,129 |
24,318 |
11.6% |
| Percent Sold |
68% |
77% |
-11.5% |
71% |
79% |
-10.7% |
75% |
75% |
-0.0% |
| Total Raised |
£671,227,374 |
£761,672,076 |
-11.9% |
£1,620,544,218 |
£1,612,630,082 |
0.5% |
£6,092,608,844 |
£5,167,348,901 |
17.9% |
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Regional Auction Analysis
With 11% increase in the number of lots offered nationally over the last quarter when compared with the same quarter 06, one would expect to see increases across the regions. This was the case with the exception of London and the South East and Yorkshire and Humberside. All the other regions saw dramatic rises in lots offered though these are not being translated into lots sold as the tables show. Wales for instance has 50% more lots offered but the value of sold lots was down 29%.
Without exception, every region saw a decrease in the sale rate, with eight of the regions experiencing a double digit reduction. London and the South East has the smallest fall, with Scotland and Wales experiencing the largest decrease in sale rate.
| Regional Breakdown |
| Location Map |
Column |
March - May 2007 |
March - May 2006 |
Increase |
| London |
Lots Offered |
958 |
1005 |
-4.7% |
| Lots Sold |
807 |
877 |
-8.0% |
| Percent Sold |
84.2% |
87.3% |
-3.5% |
| Total Raised |
£385,295,449 |
£340,962,603 |
13.0% |
| South-East Home Counties |
Lots Offered |
1234 |
1235 |
-0.1% |
| Lots Sold |
979 |
1031 |
-5.0% |
| Percent Sold |
79.3% |
83.5% |
-5.0% |
| Total Raised |
£321,876,856 |
£304,711,201 |
5.6% |
| South-West |
Lots Offered |
919 |
695 |
32.2% |
| Lots Sold |
724 |
591 |
22.5% |
| Percent Sold |
78.8% |
85.0% |
-7.4% |
| Total Raised |
£179,620,099 |
£136,956,898 |
31.2% |
| Yorkshire and The Humber |
Lots Offered |
778 |
873 |
-10.9% |
| Lots Sold |
576 |
691 |
-16.6% |
| Percent Sold |
74.0% |
79.2% |
-6.5% |
| Total Raised |
£136,344,633 |
£141,707,501 |
-3.8% |
| North-West |
Lots Offered |
1696 |
1637 |
3.6% |
| Lots Sold |
1078 |
1182 |
-8.8% |
| Percent Sold |
63.6% |
72.2% |
-12.0% |
| Total Raised |
£187,249,568 |
£192,906,100 |
-2.9% |
| North-East |
Lots Offered |
645 |
547 |
17.9% |
| Lots Sold |
325 |
329 |
-1.2% |
| Percent Sold |
50.4% |
60.1% |
-16.2% |
| Total Raised |
£63,103,148 |
£53,403,624 |
18.2% |
| West Midlands |
Lots Offered |
1124 |
1004 |
12.0% |
| Lots Sold |
833 |
829 |
0.5% |
| Percent Sold |
74.1% |
82.6% |
-10.2% |
| Total Raised |
£160,195,734 |
£135,950,340 |
17.8% |
| East Midlands |
Lots Offered |
785 |
611 |
28.5% |
| Lots Sold |
533 |
489 |
9.0% |
| Percent Sold |
67.9% |
80.0% |
-15.2% |
| Total Raised |
£109,508,856 |
£87,275,400 |
25.5% |
| East Anglia |
Lots Offered |
266 |
220 |
20.9% |
| Lots Sold |
202 |
189 |
6.9% |
| Percent Sold |
75.9% |
85.9% |
-11.6% |
| Total Raised |
£50,469,301 |
£67,925,750 |
-25.7% |
| Scotland |
Lots Offered |
281 |
243 |
15.6% |
| Lots Sold |
124 |
167 |
-25.7% |
| Percent Sold |
44.1% |
68.7% |
-35.8% |
| Total Raised |
£53,112,100 |
£38,856,270 |
36.7% |
| Wales |
Lots Offered |
775 |
521 |
48.8% |
| Lots Sold |
512 |
412 |
24.3% |
| Percent Sold |
66.1% |
79.1% |
-16.5% |
| Total Raised |
£71,029,424 |
£99,219,700 |
-28.4% |
| North-West Home Counties |
Lots Offered |
609 |
503 |
21.1% |
| Lots Sold |
436 |
426 |
2.3% |
| Percent Sold |
71.6% |
84.7% |
-15.5% |
| Total Raised |
£200,514,500 |
£191,670,695 |
4.6% |
| Northern Ireland |
Lots Offered |
45 |
26 |
73.1% |
| Lots Sold |
29 |
17 |
70.6% |
| Percent Sold |
64.4% |
65.4% |
-1.4% |
| Total Raised |
£44,795,000 |
£12,637,500 |
254.5% |
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Your comments
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