Essential Auction News
|
Welcome to the October newsletter that reviews the results for auctions held in September.
It is good to see that the overall sale rate has climbed to 61% for September having been in the 50%-59% bracket for the last five months. Hopefully this trend will continue.
Looking at the searches that have been run on the website over the past month I have seen a growing number of users selecting the 'repossession' option on the detailed search. If you have not yet taken a look, do try by using our property auction search.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
It is pleasing to see the percent sold rate breach the 60% barrier for the first time for 6 months. Lots offered was down 4.7% at 4,104 for the month though the figure for the rolling quarter and year is virtually the same. The number of lots selling in all three time periods reviewed below is down 16% on the previous corresponding periods. An even bigger fall is seen in amounts raised with September 2008 being 42% down on September 2007 at £302,576,557, and a similar fall witnessed for the rolling quarter.
Hopefully we are seeing the bottom of the market of auction sales in terms of lots sold and amount raised, though only time will tell over the next few months.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
September 2008 |
September 2007 |
Increase |
July - September 2008
|
July - September 2007
|
Increase |
October 2007 - September 2008 |
October 2006 - September 2007 |
Increase |
| Lots Offered |
4,104 |
4,307 |
-4.7% |
9,813 |
9,720 |
1.0% |
37,798 |
37,868 |
-0.2% |
| Lots Sold |
2,520 |
2,997 |
-15.9% |
5,779 |
6,860 |
-15.8% |
23,694 |
28,490 |
-16.8% |
| Percent Sold |
61% |
70% |
-11.8% |
59% |
71% |
-16.6% |
63% |
75% |
-16.7% |
| Total Raised |
£303,466,307 |
£522,926,211 |
-42.0% |
£808,985,338 |
£1,373,674,695 |
-41.1% |
£4,320,484,748 |
£6,439,405,370 |
-32.9% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
September 2008 |
September 2007 |
Increase |
July - September 2008
|
July - September 2007
|
Increase |
October 2007 - September 2008 |
October 2006 - September 2007 |
Increase |
| Lots Offered |
3,565 |
3,641 |
-2.1% |
8,273 |
8,064 |
2.6% |
30,651 |
30,049 |
2.0% |
| Lots Sold |
2,169 |
2,497 |
-13.1% |
4,796 |
5,601 |
-14.4% |
18,680 |
22,232 |
-16.0% |
| Percent Sold |
61% |
69% |
-11.3% |
58% |
69% |
-16.5% |
61% |
74% |
-17.6% |
| Total Raised |
£256,979,507 |
£423,981,511 |
-39.4% |
£590,908,764 |
£966,002,615 |
-38.8% |
£2,714,253,859 |
£3,789,296,977 |
-28.4% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
September 2008 |
September 2007 |
Increase |
July - September 2008
|
July - September 2007
|
Increase |
October 2007 - September 2008 |
October 2006 - September 2007 |
Increase |
| Lots Offered |
539 |
666 |
-19.1% |
1,540 |
1,656 |
-7.0% |
7,147 |
7,819 |
-8.6% |
| Lots Sold |
351 |
500 |
-29.8% |
983 |
1,259 |
-21.9% |
5,014 |
6,258 |
-19.9% |
| Percent Sold |
65% |
75% |
-13.3% |
64% |
76% |
-16.0% |
70% |
80% |
-12.3% |
| Total Raised |
£46,486,800 |
£98,944,700 |
-53.0% |
£218,076,574 |
£407,672,080 |
-46.5% |
£1,606,230,889 |
£2,650,108,393 |
-39.4% |
Regional Auction Analysis
The overall national figures are reflected to a greater or lesser extent in the regional breakdown. The percent sold ranges from 75% of commercial lots in East Anglia selling to 40% of the North East residential lots going under the hammer.
East Anglia
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
352 |
222 |
58.6% |
| Lots Sold |
196 |
177 |
10.7% |
| Percent Sold |
55.7% |
79.7% |
-30.2% |
| Total Raised |
£26,192,025 |
£37,394,350 |
-30.0% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
311 |
167 |
86.2% |
| Lots Sold |
165 |
135 |
22.2% |
| Percent Sold |
53.1% |
80.8% |
-34.4% |
| Total Raised |
£21,500,725 |
£22,004,350 |
-2.3% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
41 |
55 |
-25.5% |
| Lots Sold |
31 |
42 |
-26.2% |
| Percent Sold |
75.6% |
76.4% |
-1.0% |
| Total Raised |
£4,691,300 |
£15,390,000 |
-69.5% |
East Midlands
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
913 |
821 |
11.2% |
| Lots Sold |
563 |
581 |
-3.1% |
| Percent Sold |
61.7% |
70.8% |
-12.9% |
| Total Raised |
£76,947,650 |
£91,958,838 |
-16.3% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
723 |
682 |
6.0% |
| Lots Sold |
427 |
478 |
-10.7% |
| Percent Sold |
59.1% |
70.1% |
-15.7% |
| Total Raised |
£51,625,400 |
£67,993,788 |
-24.1% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
190 |
139 |
36.7% |
| Lots Sold |
136 |
103 |
32.0% |
| Percent Sold |
71.6% |
74.1% |
-3.4% |
| Total Raised |
£25,322,250 |
£23,965,050 |
5.7% |
London
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
953 |
1089 |
-12.5% |
| Lots Sold |
640 |
873 |
-26.7% |
| Percent Sold |
67.2% |
80.2% |
-16.2% |
| Total Raised |
£137,838,900 |
£306,981,251 |
-55.1% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
868 |
966 |
-10.1% |
| Lots Sold |
581 |
775 |
-25.0% |
| Percent Sold |
66.9% |
80.2% |
-16.6% |
| Total Raised |
£114,249,400 |
£237,745,151 |
-51.9% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
85 |
123 |
-30.9% |
| Lots Sold |
59 |
98 |
-39.8% |
| Percent Sold |
69.4% |
79.7% |
-12.9% |
| Total Raised |
£23,589,500 |
£69,236,100 |
-65.9% |
North-East
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
729 |
572 |
27.4% |
| Lots Sold |
299 |
296 |
1.0% |
| Percent Sold |
41.0% |
51.7% |
-20.7% |
| Total Raised |
£27,876,117 |
£43,084,310 |
-35.3% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
683 |
518 |
31.9% |
| Lots Sold |
275 |
264 |
4.2% |
| Percent Sold |
40.3% |
51.0% |
-21.0% |
| Total Raised |
£23,599,850 |
£29,208,310 |
-19.2% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
46 |
54 |
-14.8% |
| Lots Sold |
24 |
32 |
-25.0% |
| Percent Sold |
52.2% |
59.3% |
-12.0% |
| Total Raised |
£4,276,267 |
£13,876,000 |
-69.2% |
North-West
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
1517 |
1427 |
6.3% |
| Lots Sold |
876 |
880 |
-0.5% |
| Percent Sold |
57.7% |
61.7% |
-6.4% |
| Total Raised |
£112,480,545 |
£144,004,130 |
-21.9% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
1236 |
1164 |
6.2% |
| Lots Sold |
710 |
693 |
2.5% |
| Percent Sold |
57.4% |
59.5% |
-3.5% |
| Total Raised |
£64,701,995 |
£90,111,250 |
-28.2% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
281 |
263 |
6.8% |
| Lots Sold |
166 |
187 |
-11.2% |
| Percent Sold |
59.1% |
71.1% |
-16.9% |
| Total Raised |
£47,778,550 |
£53,892,880 |
-11.3% |
North-West Home Counties
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
473 |
541 |
-12.6% |
| Lots Sold |
313 |
425 |
-26.4% |
| Percent Sold |
66.2% |
78.6% |
-15.8% |
| Total Raised |
£62,673,950 |
£119,665,500 |
-47.6% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
414 |
435 |
-4.8% |
| Lots Sold |
276 |
340 |
-18.8% |
| Percent Sold |
66.7% |
78.2% |
-14.7% |
| Total Raised |
£44,989,950 |
£73,467,500 |
-38.8% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
59 |
106 |
-44.3% |
| Lots Sold |
37 |
85 |
-56.5% |
| Percent Sold |
62.7% |
80.2% |
-21.8% |
| Total Raised |
£17,684,000 |
£46,198,000 |
-61.7% |
Northern Ireland
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
6 |
28 |
-78.6% |
| Lots Sold |
4 |
2 |
100.0% |
| Percent Sold |
66.7% |
7.1% |
833.3% |
| Total Raised |
£463,750 |
£381,000 |
21.7% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
6 |
28 |
-78.6% |
| Lots Sold |
4 |
2 |
100.0% |
| Percent Sold |
66.7% |
7.1% |
833.3% |
| Total Raised |
£463,750 |
£381,000 |
21.7% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
0 |
0 |
0.0% |
| Lots Sold |
0 |
0 |
0.0% |
| Percent Sold |
0.0% |
0.0% |
0.0% |
| Total Raised |
£0 |
£0 |
0.0% |
Scotland
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
99 |
143 |
-30.8% |
| Lots Sold |
49 |
98 |
-50.0% |
| Percent Sold |
49.5% |
68.5% |
-27.8% |
| Total Raised |
£10,291,422 |
£9,400,200 |
9.5% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
83 |
116 |
-28.4% |
| Lots Sold |
37 |
82 |
-54.9% |
| Percent Sold |
44.6% |
70.7% |
-36.9% |
| Total Raised |
£3,921,922 |
£5,828,750 |
-32.7% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
16 |
27 |
-40.7% |
| Lots Sold |
12 |
16 |
-25.0% |
| Percent Sold |
75.0% |
59.3% |
26.6% |
| Total Raised |
£6,369,500 |
£3,571,450 |
78.3% |
South-East Home Counties
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
1329 |
1441 |
-7.8% |
| Lots Sold |
798 |
1119 |
-28.7% |
| Percent Sold |
60.0% |
77.7% |
-22.7% |
| Total Raised |
£117,831,190 |
£233,018,295 |
-49.4% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
1128 |
1188 |
-5.1% |
| Lots Sold |
679 |
922 |
-26.4% |
| Percent Sold |
60.2% |
77.6% |
-22.4% |
| Total Raised |
£92,392,090 |
£168,569,295 |
-45.2% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
201 |
253 |
-20.6% |
| Lots Sold |
119 |
197 |
-39.6% |
| Percent Sold |
59.2% |
77.9% |
-24.0% |
| Total Raised |
£25,439,100 |
£64,449,000 |
-60.5% |
South-West
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
823 |
915 |
-10.1% |
| Lots Sold |
516 |
660 |
-21.8% |
| Percent Sold |
62.7% |
72.1% |
-13.1% |
| Total Raised |
£70,473,400 |
£130,687,050 |
-46.1% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
623 |
704 |
-11.5% |
| Lots Sold |
378 |
478 |
-20.9% |
| Percent Sold |
60.7% |
67.9% |
-10.6% |
| Total Raised |
£49,583,900 |
£92,716,700 |
-46.5% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
200 |
211 |
-5.2% |
| Lots Sold |
138 |
182 |
-24.2% |
| Percent Sold |
69.0% |
86.3% |
-20.0% |
| Total Raised |
£20,889,500 |
£37,970,350 |
-45.0% |
Wales
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
637 |
641 |
-0.6% |
| Lots Sold |
370 |
424 |
-12.7% |
| Percent Sold |
58.1% |
66.1% |
-12.2% |
| Total Raised |
£41,807,300 |
£60,134,250 |
-30.5% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
520 |
528 |
-1.5% |
| Lots Sold |
301 |
338 |
-10.9% |
| Percent Sold |
57.9% |
64.0% |
-9.6% |
| Total Raised |
£27,534,550 |
£36,555,500 |
-24.7% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
117 |
113 |
3.5% |
| Lots Sold |
69 |
86 |
-19.8% |
| Percent Sold |
59.0% |
76.1% |
-22.5% |
| Total Raised |
£14,272,750 |
£23,578,750 |
-39.5% |
West Midlands
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
1146 |
1062 |
7.9% |
| Lots Sold |
628 |
727 |
-13.6% |
| Percent Sold |
54.8% |
68.5% |
-19.9% |
| Total Raised |
£68,956,500 |
£111,520,495 |
-38.2% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
942 |
864 |
9.0% |
| Lots Sold |
495 |
575 |
-13.9% |
| Percent Sold |
52.5% |
66.6% |
-21.0% |
| Total Raised |
£52,667,250 |
£76,682,395 |
-31.3% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
204 |
198 |
3.0% |
| Lots Sold |
133 |
152 |
-12.5% |
| Percent Sold |
65.2% |
76.8% |
-15.1% |
| Total Raised |
£16,289,250 |
£34,838,100 |
-53.2% |
Yorkshire and The Humber
| Total |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
836 |
818 |
2.2% |
| Lots Sold |
527 |
598 |
-11.9% |
| Percent Sold |
63.0% |
73.1% |
-13.8% |
| Total Raised |
£55,152,589 |
£85,445,026 |
-35.5% |
| Residential |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
736 |
704 |
4.5% |
| Lots Sold |
468 |
519 |
-9.8% |
| Percent Sold |
63.6% |
73.7% |
-13.7% |
| Total Raised |
£43,677,982 |
£64,738,626 |
-32.5% |
| Commercial |
|
July - September 2008 |
July - September 2007 |
Increase |
| Lots Offered |
100 |
114 |
-12.3% |
| Lots Sold |
59 |
79 |
-25.3% |
| Percent Sold |
59.0% |
69.3% |
-14.9% |
| Total Raised |
£11,474,607 |
£20,706,400 |
-44.6% |
Your Comments
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