Essential Auction News
|
Welcome to Augusts' newsletter giving a round-up of recent auction activity. The key pointers are the steady overall sale rate of 73% (June 2009 was 71%), and the slight increase in the amount raised from £470.5M to £490.7M when compared with July 2008. The past few months have seen the sales rate in the low 70's, just a few points off the long term average and all the signs are that this is set to continue.
I do hope that you will all have the opportunity to take at least a few days off over the holiday period for a well earned rest from this challenging market.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
Overall the market performed well when compared with July 2008. The sale rate was very similar for both residential and commercial, though it was the commercial auctions that lead to the overall amount raised increasing by 4.1%. July 2009 saw the resurgence of the London commercial auction market and the amount raised in this sector was up 42.4%. The residential market raised 16.6% less than July 2008, partly due to the dramatic fall in the number of repossessions coming to market.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
July 2009 |
July 2008 |
Increase |
May - July 2009
|
May - July 2008
|
Increase |
August 2008 - July 2009 |
August 2007 - July 2008 |
Increase |
| Lots Offered |
3,571 |
4,712 |
-24.2% |
8,546 |
11,615 |
-26.4% |
32,384 |
37,981 |
-14.7% |
| Lots Sold |
2,618 |
2,854 |
-8.3% |
6,238 |
6,927 |
-9.9% |
23,033 |
24,675 |
-6.7% |
| Percent Sold |
73% |
61% |
21.0% |
73% |
60% |
22.4% |
71% |
65% |
9.5% |
| Total Raised |
£490,807,696 |
£470,495,848 |
4.3% |
£1,077,929,216 |
£1,183,083,122 |
-8.9% |
£3,312,984,096 |
£4,625,095,505 |
-28.4% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
July 2009 |
July 2008 |
Increase |
May - July 2009
|
May - July 2008
|
Increase |
August 2008 - July 2009 |
August 2007 - July 2008 |
Increase |
| Lots Offered |
2,744 |
3,824 |
-28.2% |
6,742 |
9,350 |
-27.9% |
26,817 |
30,746 |
-12.8% |
| Lots Sold |
2,009 |
2,257 |
-11.0% |
4,899 |
5,418 |
-9.6% |
19,016 |
19,477 |
-2.4% |
| Percent Sold |
73% |
59% |
24.0% |
73% |
58% |
25.4% |
71% |
63% |
11.9% |
| Total Raised |
£256,210,706 |
£305,880,491 |
-16.2% |
£640,877,664 |
£759,069,869 |
-15.6% |
£2,264,937,349 |
£2,961,832,593 |
-23.5% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
July 2009 |
July 2008 |
Increase |
May - July 2009
|
May - July 2008
|
Increase |
August 2008 - July 2009 |
August 2007 - July 2008 |
Increase |
| Lots Offered |
827 |
888 |
-6.9% |
1,804 |
2,265 |
-20.4% |
5,567 |
7,226 |
-23.0% |
| Lots Sold |
609 |
597 |
2.0% |
1,339 |
1,509 |
-11.3% |
4,017 |
5,190 |
-22.6% |
| Percent Sold |
74% |
67% |
9.5% |
74% |
67% |
11.4% |
72% |
72% |
0.5% |
| Total Raised |
£234,596,990 |
£164,615,357 |
42.5% |
£437,051,552 |
£424,013,253 |
3.1% |
£1,048,046,747 |
£1,656,847,912 |
-36.7% |
Regional Auction Analysis
As is usually the case, variations across all the measurable parameters can be seen across the regions.
East Anglia
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
303 |
410 |
-26.1% |
| Lots Sold |
227 |
248 |
-8.5% |
| Percent Sold |
74.9% |
60.5% |
23.9% |
| Total Raised |
£42,553,400 |
£36,055,450 |
18.0% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
238 |
343 |
-30.6% |
| Lots Sold |
178 |
205 |
-13.2% |
| Percent Sold |
74.8% |
59.8% |
25.1% |
| Total Raised |
£21,960,900 |
£25,988,150 |
-15.5% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
65 |
67 |
-3.0% |
| Lots Sold |
49 |
43 |
14.0% |
| Percent Sold |
75.4% |
64.2% |
17.5% |
| Total Raised |
£20,592,500 |
£10,067,300 |
104.5% |
East Midlands
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
597 |
981 |
-39.1% |
| Lots Sold |
445 |
587 |
-24.2% |
| Percent Sold |
74.5% |
59.8% |
24.6% |
| Total Raised |
£52,736,426 |
£85,913,350 |
-38.6% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
447 |
812 |
-45.0% |
| Lots Sold |
336 |
472 |
-28.8% |
| Percent Sold |
75.2% |
58.1% |
29.3% |
| Total Raised |
£30,747,600 |
£52,976,350 |
-42.0% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
150 |
169 |
-11.2% |
| Lots Sold |
109 |
115 |
-5.2% |
| Percent Sold |
72.7% |
68.0% |
6.8% |
| Total Raised |
£21,988,826 |
£32,937,000 |
-33.2% |
London
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
982 |
1144 |
-14.2% |
| Lots Sold |
786 |
770 |
2.1% |
| Percent Sold |
80.0% |
67.3% |
18.9% |
| Total Raised |
£251,929,600 |
£225,792,363 |
11.6% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
868 |
1014 |
-14.4% |
| Lots Sold |
691 |
672 |
2.8% |
| Percent Sold |
79.6% |
66.3% |
20.1% |
| Total Raised |
£188,160,100 |
£171,249,863 |
9.9% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
114 |
130 |
-12.3% |
| Lots Sold |
95 |
98 |
-3.1% |
| Percent Sold |
83.3% |
75.4% |
10.5% |
| Total Raised |
£63,769,500 |
£54,542,500 |
16.9% |
North-East
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
606 |
751 |
-19.3% |
| Lots Sold |
319 |
403 |
-20.8% |
| Percent Sold |
52.6% |
53.7% |
-1.9% |
| Total Raised |
£34,377,286 |
£48,963,000 |
-29.8% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
525 |
679 |
-22.7% |
| Lots Sold |
273 |
352 |
-22.4% |
| Percent Sold |
52.0% |
51.8% |
0.3% |
| Total Raised |
£24,775,036 |
£34,605,500 |
-28.4% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
81 |
72 |
12.5% |
| Lots Sold |
46 |
51 |
-9.8% |
| Percent Sold |
56.8% |
70.8% |
-19.8% |
| Total Raised |
£9,602,250 |
£14,357,500 |
-33.1% |
North-West
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
1313 |
1759 |
-25.4% |
| Lots Sold |
906 |
945 |
-4.1% |
| Percent Sold |
69.0% |
53.7% |
28.4% |
| Total Raised |
£95,389,027 |
£122,381,885 |
-22.1% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
1052 |
1342 |
-21.6% |
| Lots Sold |
716 |
717 |
-0.1% |
| Percent Sold |
68.1% |
53.4% |
27.4% |
| Total Raised |
£53,608,577 |
£75,294,689 |
-28.8% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
261 |
417 |
-37.4% |
| Lots Sold |
190 |
228 |
-16.7% |
| Percent Sold |
72.8% |
54.7% |
33.1% |
| Total Raised |
£41,780,450 |
£47,087,196 |
-11.3% |
North-West Home Counties
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
394 |
664 |
-40.7% |
| Lots Sold |
320 |
428 |
-25.2% |
| Percent Sold |
81.2% |
64.5% |
26.0% |
| Total Raised |
£102,685,600 |
£106,650,100 |
-3.7% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
287 |
540 |
-46.9% |
| Lots Sold |
232 |
343 |
-32.4% |
| Percent Sold |
80.8% |
63.5% |
27.3% |
| Total Raised |
£42,419,600 |
£62,659,850 |
-32.3% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
107 |
124 |
-13.7% |
| Lots Sold |
88 |
85 |
3.5% |
| Percent Sold |
82.2% |
68.5% |
20.0% |
| Total Raised |
£60,266,000 |
£43,990,250 |
37.0% |
Scotland
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
213 |
300 |
-29.0% |
| Lots Sold |
138 |
182 |
-24.2% |
| Percent Sold |
64.8% |
60.7% |
6.8% |
| Total Raised |
£19,902,900 |
£23,097,800 |
-13.8% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
128 |
189 |
-32.3% |
| Lots Sold |
79 |
96 |
-17.7% |
| Percent Sold |
61.7% |
50.8% |
21.5% |
| Total Raised |
£6,660,000 |
£7,176,050 |
-7.2% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
85 |
111 |
-23.4% |
| Lots Sold |
59 |
86 |
-31.4% |
| Percent Sold |
69.4% |
77.5% |
-10.4% |
| Total Raised |
£13,242,900 |
£15,921,750 |
-16.8% |
South-East Home Counties
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
986 |
1574 |
-37.4% |
| Lots Sold |
800 |
958 |
-16.5% |
| Percent Sold |
81.1% |
60.9% |
33.3% |
| Total Raised |
£162,889,707 |
£190,002,830 |
-14.3% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
780 |
1275 |
-38.8% |
| Lots Sold |
643 |
760 |
-15.4% |
| Percent Sold |
82.4% |
59.6% |
38.3% |
| Total Raised |
£95,812,921 |
£115,786,730 |
-17.3% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
206 |
299 |
-31.1% |
| Lots Sold |
157 |
198 |
-20.7% |
| Percent Sold |
76.2% |
66.2% |
15.1% |
| Total Raised |
£67,076,786 |
£74,216,100 |
-9.6% |
South-West
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
747 |
1018 |
-26.6% |
| Lots Sold |
559 |
660 |
-15.3% |
| Percent Sold |
74.8% |
64.8% |
15.4% |
| Total Raised |
£101,024,850 |
£102,200,250 |
-1.2% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
501 |
740 |
-32.3% |
| Lots Sold |
359 |
451 |
-20.4% |
| Percent Sold |
71.7% |
60.9% |
17.6% |
| Total Raised |
£51,797,550 |
£69,643,250 |
-25.6% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
246 |
278 |
-11.5% |
| Lots Sold |
200 |
209 |
-4.3% |
| Percent Sold |
81.3% |
75.2% |
8.1% |
| Total Raised |
£49,227,300 |
£32,557,000 |
51.2% |
Wales
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
659 |
783 |
-15.8% |
| Lots Sold |
481 |
465 |
3.4% |
| Percent Sold |
73.0% |
59.4% |
22.9% |
| Total Raised |
£47,950,475 |
£58,961,750 |
-18.7% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
500 |
625 |
-20.0% |
| Lots Sold |
377 |
359 |
5.0% |
| Percent Sold |
75.4% |
57.4% |
31.3% |
| Total Raised |
£30,318,185 |
£37,815,950 |
-19.8% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
159 |
158 |
0.6% |
| Lots Sold |
104 |
106 |
-1.9% |
| Percent Sold |
65.4% |
67.1% |
-2.5% |
| Total Raised |
£17,632,290 |
£21,145,800 |
-16.6% |
West Midlands
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
968 |
1271 |
-23.8% |
| Lots Sold |
704 |
729 |
-3.4% |
| Percent Sold |
72.7% |
57.4% |
26.8% |
| Total Raised |
£102,750,345 |
£97,646,375 |
5.2% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
773 |
1002 |
-22.9% |
| Lots Sold |
567 |
547 |
3.7% |
| Percent Sold |
73.4% |
54.6% |
34.4% |
| Total Raised |
£57,571,245 |
£59,786,725 |
-3.7% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
195 |
269 |
-27.5% |
| Lots Sold |
137 |
182 |
-24.7% |
| Percent Sold |
70.3% |
67.7% |
3.8% |
| Total Raised |
£45,179,100 |
£37,859,650 |
19.3% |
Yorkshire and The Humber
| Total |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
777 |
948 |
-18.0% |
| Lots Sold |
552 |
546 |
1.1% |
| Percent Sold |
71.0% |
57.6% |
23.3% |
| Total Raised |
£63,574,600 |
£84,780,969 |
-25.0% |
| Residential |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
642 |
777 |
-17.4% |
| Lots Sold |
447 |
438 |
2.1% |
| Percent Sold |
69.6% |
56.4% |
23.5% |
| Total Raised |
£36,880,950 |
£45,449,762 |
-18.9% |
| Commercial |
|
May 2009 - July 2009 |
May 2008 - July 2008 |
Increase |
| Lots Offered |
135 |
171 |
-21.1% |
| Lots Sold |
105 |
108 |
-2.8% |
| Percent Sold |
77.8% |
63.2% |
23.1% |
| Total Raised |
£26,693,650 |
£39,331,207 |
-32.1% |
Your Comments
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