Essential Auction News
|
Welcome to the second newsletter of 2008.This newsletter looks principally at the auction activity for January which is historically a quiet month.
As always I would welcome any suggestions for future content or special reports that you would like to see in future publications.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
Whilst more lots were offered at the 31 auctions held in January 08 when compared with January 07, the amount raised slipped 25% to £50 million, as did the sale rate which was 61% for January 08 as opposed to 82% for January 07. It was however, a relatively quiet month with only 966 lots being offered and Februarys results will give a better indication as to where the market is in terms of percentage sold when the figures are released next month.
The performance of both residential and commercial lots can be seen as very similar, and the rolling quarter and yearly figures follow the trends that we have seen develop since the summer of last year.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
January 2008 |
January 2007 |
Increase |
November 2007 - January 2008
|
November 2006 - January 2007
|
Increase |
February 2007 - January 2008 |
February 2006 - January 2007 |
Increase |
| Lots Offered |
696 |
582 |
19.6% |
6,782 |
6,425 |
5.6% |
38,246 |
34,215 |
11.8% |
| Lots Sold |
425 |
477 |
-10.9% |
4,370 |
5,017 |
-12.9% |
27,336 |
26,835 |
1.9% |
| Percent Sold |
61% |
82% |
-25.5% |
64% |
78% |
-17.5% |
71% |
78% |
-8.9% |
| Total Raised |
£50,145,100 |
£66,645,150 |
-24.8% |
£854,195,687 |
£1,117,823,383 |
-23.6% |
£5,941,916,562 |
£5,939,960,879 |
0.0% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
January 2008 |
January 2007 |
Increase |
November 2007 - January 2008
|
November 2006 - January 2007
|
Increase |
February 2007 - January 2008 |
February 2006 - January 2007 |
Increase |
| Lots Offered |
636 |
539 |
18.0% |
5,595 |
5,109 |
9.5% |
30,650 |
26,950 |
13.7% |
| Lots Sold |
393 |
450 |
-12.7% |
3,510 |
3,987 |
-12.0% |
21,496 |
20,876 |
3.0% |
| Percent Sold |
62% |
83% |
-26.0% |
63% |
78% |
-19.6% |
70% |
77% |
-9.5% |
| Total Raised |
£44,006,100 |
£60,341,150 |
-27.1% |
£527,346,197 |
£671,570,222 |
-21.5% |
£3,598,159,795 |
£3,282,912,050 |
9.6% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
January 2008 |
January 2007 |
Increase |
November 2007 - January 2008
|
November 2006 - January 2007
|
Increase |
February 2007 - January 2008 |
February 2006 - January 2007 |
Increase |
| Lots Offered |
43 |
42 |
2.4% |
1,187 |
1,315 |
-9.7% |
7,596 |
7,265 |
4.6% |
| Lots Sold |
27 |
27 |
0.0% |
860 |
1,029 |
-16.4% |
5,840 |
5,959 |
-2.0% |
| Percent Sold |
63% |
64% |
-2.3% |
72% |
78% |
-7.4% |
77% |
82% |
-6.3% |
| Total Raised |
£4,794,500 |
£6,304,000 |
-23.9% |
£326,849,490 |
£445,408,161 |
-26.6% |
£2,343,756,767 |
£2,657,048,829 |
-11.8% |
Regional Auction Analysis
The percentage sold rates of the 13 regions over the past quarter range from 41% in the North East to 81% in Scotland, an interesting scenario when one considers the two regions share a border. Elsewhere, again similar trends as to what has been seen over the last six months are in evidence.
East Anglia
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
132 |
153 |
-13.7% |
| Lots Sold |
97 |
128 |
-24.2% |
| Percent Sold |
73.5% |
83.7% |
-12.2% |
| Total Raised |
£19,186,250 |
£32,688,250 |
-41.3% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
94 |
117 |
-19.7% |
| Lots Sold |
64 |
100 |
-36.0% |
| Percent Sold |
68.1% |
85.5% |
-20.3% |
| Total Raised |
£11,244,250 |
£18,184,000 |
-38.2% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
38 |
36 |
5.6% |
| Lots Sold |
33 |
28 |
17.9% |
| Percent Sold |
86.8% |
77.8% |
11.7% |
| Total Raised |
£7,942,000 |
£14,504,250 |
-45.2% |
East Midlands
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
596 |
491 |
21.4% |
| Lots Sold |
404 |
361 |
11.9% |
| Percent Sold |
67.8% |
73.5% |
-7.8% |
| Total Raised |
£62,118,900 |
£62,164,800 |
-0.1% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
500 |
410 |
22.0% |
| Lots Sold |
333 |
296 |
12.5% |
| Percent Sold |
66.6% |
72.2% |
-7.7% |
| Total Raised |
£38,200,800 |
£36,509,300 |
4.6% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
96 |
81 |
18.5% |
| Lots Sold |
71 |
65 |
9.2% |
| Percent Sold |
74.0% |
80.2% |
-7.8% |
| Total Raised |
£23,918,100 |
£25,655,500 |
-6.8% |
London
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
662 |
745 |
-11.1% |
| Lots Sold |
498 |
676 |
-26.3% |
| Percent Sold |
75.2% |
90.7% |
-17.1% |
| Total Raised |
£199,608,550 |
£248,004,208 |
-19.5% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
580 |
627 |
-7.5% |
| Lots Sold |
429 |
569 |
-24.6% |
| Percent Sold |
74.0% |
90.7% |
-18.5% |
| Total Raised |
£119,382,550 |
£163,206,658 |
-26.9% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
82 |
118 |
-30.5% |
| Lots Sold |
69 |
107 |
-35.5% |
| Percent Sold |
84.1% |
90.7% |
-7.2% |
| Total Raised |
£80,226,000 |
£84,797,550 |
-5.4% |
North-East
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
509 |
468 |
8.8% |
| Lots Sold |
212 |
338 |
-37.3% |
| Percent Sold |
41.7% |
72.2% |
-42.3% |
| Total Raised |
£27,583,391 |
£52,730,650 |
-47.7% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
466 |
428 |
8.9% |
| Lots Sold |
188 |
305 |
-38.4% |
| Percent Sold |
40.3% |
71.3% |
-43.4% |
| Total Raised |
£18,273,401 |
£34,613,650 |
-47.2% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
43 |
40 |
7.5% |
| Lots Sold |
24 |
33 |
-27.3% |
| Percent Sold |
55.8% |
82.5% |
-32.3% |
| Total Raised |
£9,309,990 |
£18,117,000 |
-48.6% |
North-West
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
1162 |
957 |
21.4% |
| Lots Sold |
654 |
649 |
0.8% |
| Percent Sold |
56.3% |
67.8% |
-17.0% |
| Total Raised |
£91,504,050 |
£103,575,999 |
-11.7% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
964 |
762 |
26.5% |
| Lots Sold |
526 |
519 |
1.3% |
| Percent Sold |
54.6% |
68.1% |
-19.9% |
| Total Raised |
£57,205,550 |
£64,499,249 |
-11.3% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
198 |
195 |
1.5% |
| Lots Sold |
128 |
130 |
-1.5% |
| Percent Sold |
64.6% |
66.7% |
-3.0% |
| Total Raised |
£34,298,500 |
£39,076,750 |
-12.2% |
North-West Home Counties
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
357 |
356 |
0.3% |
| Lots Sold |
244 |
284 |
-14.1% |
| Percent Sold |
68.3% |
79.8% |
-14.3% |
| Total Raised |
£65,859,650 |
£99,455,900 |
-33.8% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
299 |
239 |
25.1% |
| Lots Sold |
204 |
196 |
4.1% |
| Percent Sold |
68.2% |
82.0% |
-16.8% |
| Total Raised |
£43,135,650 |
£49,582,500 |
-13.0% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
58 |
117 |
-50.4% |
| Lots Sold |
40 |
88 |
-54.5% |
| Percent Sold |
69.0% |
75.2% |
-8.3% |
| Total Raised |
£22,724,000 |
£49,873,400 |
-54.4% |
Northern Ireland
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
4 |
2 |
100.0% |
| Lots Sold |
1 |
2 |
-50.0% |
| Percent Sold |
25.0% |
100.0% |
-75.0% |
| Total Raised |
£85,000 |
£968,500 |
-91.2% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
4 |
1 |
300.0% |
| Lots Sold |
1 |
1 |
0.0% |
| Percent Sold |
25.0% |
100.0% |
-75.0% |
| Total Raised |
£85,000 |
£123,500 |
-31.2% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
0 |
1 |
-100.0% |
| Lots Sold |
0 |
1 |
-100.0% |
| Percent Sold |
0.0% |
100.0% |
0.0% |
| Total Raised |
£0 |
£845,000 |
-100.0% |
Scotland
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
134 |
146 |
-8.2% |
| Lots Sold |
109 |
125 |
-12.8% |
| Percent Sold |
81.3% |
85.6% |
-5.0% |
| Total Raised |
£17,220,250 |
£20,740,550 |
-17.0% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
76 |
78 |
-2.6% |
| Lots Sold |
59 |
71 |
-16.9% |
| Percent Sold |
77.6% |
91.0% |
-14.7% |
| Total Raised |
£4,225,500 |
£6,425,950 |
-34.2% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
58 |
68 |
-14.7% |
| Lots Sold |
50 |
54 |
-7.4% |
| Percent Sold |
86.2% |
79.4% |
8.6% |
| Total Raised |
£12,994,750 |
£14,314,600 |
-9.2% |
South-East Home Counties
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
951 |
960 |
-0.9% |
| Lots Sold |
683 |
804 |
-15.0% |
| Percent Sold |
71.8% |
83.8% |
-14.2% |
| Total Raised |
£147,799,350 |
£201,821,095 |
-26.8% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
764 |
743 |
2.8% |
| Lots Sold |
543 |
628 |
-13.5% |
| Percent Sold |
71.1% |
84.5% |
-15.9% |
| Total Raised |
£90,561,850 |
£114,390,895 |
-20.8% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
187 |
217 |
-13.8% |
| Lots Sold |
140 |
176 |
-20.5% |
| Percent Sold |
74.9% |
81.1% |
-7.7% |
| Total Raised |
£57,237,500 |
£87,430,200 |
-34.5% |
South-West
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
546 |
568 |
-3.9% |
| Lots Sold |
377 |
429 |
-12.1% |
| Percent Sold |
69.0% |
75.5% |
-8.6% |
| Total Raised |
£67,897,200 |
£103,373,661 |
-34.3% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
400 |
398 |
0.5% |
| Lots Sold |
260 |
285 |
-8.8% |
| Percent Sold |
65.0% |
71.6% |
-9.2% |
| Total Raised |
£43,355,300 |
£55,547,000 |
-21.9% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
146 |
170 |
-14.1% |
| Lots Sold |
117 |
144 |
-18.8% |
| Percent Sold |
80.1% |
84.7% |
-5.4% |
| Total Raised |
£24,541,900 |
£47,826,661 |
-48.7% |
Wales
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
444 |
404 |
9.9% |
| Lots Sold |
243 |
292 |
-16.8% |
| Percent Sold |
54.7% |
72.3% |
-24.3% |
| Total Raised |
£30,603,300 |
£38,866,170 |
-21.3% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
374 |
329 |
13.7% |
| Lots Sold |
202 |
236 |
-14.4% |
| Percent Sold |
54.0% |
71.7% |
-24.7% |
| Total Raised |
£19,171,300 |
£25,600,670 |
-25.1% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
70 |
75 |
-6.7% |
| Lots Sold |
41 |
56 |
-26.8% |
| Percent Sold |
58.6% |
74.7% |
-21.6% |
| Total Raised |
£11,432,000 |
£13,265,500 |
-13.8% |
West Midlands
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
711 |
699 |
1.7% |
| Lots Sold |
458 |
553 |
-17.2% |
| Percent Sold |
64.4% |
79.1% |
-18.6% |
| Total Raised |
£76,160,950 |
£99,659,000 |
-23.6% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
588 |
564 |
4.3% |
| Lots Sold |
369 |
450 |
-18.0% |
| Percent Sold |
62.8% |
79.8% |
-21.3% |
| Total Raised |
£46,023,200 |
£63,735,250 |
-27.8% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
123 |
135 |
-8.9% |
| Lots Sold |
89 |
103 |
-13.6% |
| Percent Sold |
72.4% |
76.3% |
-5.2% |
| Total Raised |
£30,137,750 |
£35,923,750 |
-16.1% |
Yorkshire and The Humber
| Total |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
574 |
476 |
20.6% |
| Lots Sold |
390 |
376 |
3.7% |
| Percent Sold |
67.9% |
79.0% |
-14.0% |
| Total Raised |
£48,568,846 |
£53,774,600 |
-9.7% |
| Residential |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
486 |
413 |
17.7% |
| Lots Sold |
332 |
331 |
0.3% |
| Percent Sold |
68.3% |
80.1% |
-14.8% |
| Total Raised |
£36,481,846 |
£39,151,600 |
-6.8% |
| Commercial |
|
November - January 2008 |
November - January 2007 |
Increase |
| Lots Offered |
88 |
63 |
39.7% |
| Lots Sold |
58 |
45 |
28.9% |
| Percent Sold |
65.9% |
71.4% |
-7.7% |
| Total Raised |
£12,087,000 |
£14,623,000 |
-17.3% |
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.
