Essential Auction News
|
Welcome to December's newsletter giving a round-up of recent auction activity, principally November.
November's results were down on November 2008 both in terms of lots offered and amount raised. This was more apparent in the residential sector than the commercial market which has seen a relative resurgence over the last few quarters. In Q4 2008 we saw 2,941 repossessions go to auction where as in Q4 2009 the number fell to almost 2,000 (68%) to 941. This accounts for a significant portion of the fall in numbers.
As always do contact me if you have any questions.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
In relative terms, November 2009 did not fare as well as October 2009. November 2009 compared with November 2008 saw the number of lots offered fall 36% to 1,959, and the percentage sold overall came out at 63%. As I mentioned earlier the brunt of the fall was taken in the residential sector, with the commercial lots only reducing by 8% with 71% of them selling. Year on year saw the number of lots offered slip to 29,552 (-22%) with £3.29Bn being raised. Whilst these figures are down, the private treaty market has seen much larger falls, so in relative terms the auction market is holding up well.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
November 2009 |
November 2008 |
Increase |
September - November 2009
|
September - November 2008
|
Increase |
December 2008 - November 2009 |
December 2007 - November 2008 |
Increase |
| Lots Offered |
1,959 |
3,082 |
-36.4% |
8,289 |
10,799 |
-23.2% |
29,552 |
38,170 |
-22.6% |
| Lots Sold |
1,225 |
2,155 |
-43.2% |
5,954 |
7,159 |
-16.8% |
21,977 |
24,724 |
-11.1% |
| Percent Sold |
63% |
70% |
-10.6% |
72% |
66% |
8.4% |
74% |
65% |
14.8% |
| Total Raised |
£134,075,755 |
£225,531,740 |
-40.6% |
£871,795,045 |
£905,796,372 |
-3.8% |
£3,298,030,772 |
£4,074,406,364 |
-19.1% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
November 2009 |
November 2008 |
Increase |
September - November 2009
|
September - November 2008
|
Increase |
December 2008 - November 2009 |
December 2007 - November 2008 |
Increase |
| Lots Offered |
1,636 |
2,730 |
-40.1% |
6,711 |
9,108 |
-26.3% |
24,147 |
31,283 |
-22.8% |
| Lots Sold |
997 |
1,912 |
-47.9% |
4,751 |
6,011 |
-21.0% |
17,880 |
19,880 |
-10.1% |
| Percent Sold |
61% |
70% |
-13.0% |
71% |
66% |
7.3% |
74% |
64% |
16.5% |
| Total Raised |
£114,370,355 |
£200,926,140 |
-43.1% |
£632,299,445 |
£705,680,379 |
-10.4% |
£2,212,259,585 |
£2,712,169,287 |
-18.4% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
November 2009 |
November 2008 |
Increase |
September - November 2009
|
September - November 2008
|
Increase |
December 2008 - November 2009 |
December 2007 - November 2008 |
Increase |
| Lots Offered |
323 |
352 |
-8.2% |
1,578 |
1,691 |
-6.7% |
5,405 |
6,887 |
-21.5% |
| Lots Sold |
228 |
243 |
-6.2% |
1,203 |
1,148 |
4.8% |
4,097 |
4,844 |
-15.4% |
| Percent Sold |
71% |
69% |
2.3% |
76% |
68% |
12.3% |
76% |
70% |
7.8% |
| Total Raised |
£19,705,400 |
£24,605,600 |
-19.9% |
£239,495,600 |
£200,115,993 |
19.7% |
£1,085,771,187 |
£1,362,237,077 |
-20.3% |
Regional Auction Analysis
As is usually the case, variations across all the measurable parameters can be seen across the regions.
East Anglia
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
279 |
396 |
-29.5% |
| Lots Sold |
207 |
263 |
-21.3% |
| Percent Sold |
74.2% |
66.4% |
11.7% |
| Total Raised |
£23,373,150 |
£34,146,225 |
-31.5% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
236 |
340 |
-30.6% |
| Lots Sold |
170 |
223 |
-23.8% |
| Percent Sold |
72.0% |
65.6% |
9.8% |
| Total Raised |
£19,229,150 |
£27,678,225 |
-30.5% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
43 |
56 |
-23.2% |
| Lots Sold |
37 |
40 |
-7.5% |
| Percent Sold |
86.0% |
71.4% |
20.5% |
| Total Raised |
£4,144,000 |
£6,468,000 |
-35.9% |
East Midlands
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
615 |
1009 |
-39.0% |
| Lots Sold |
454 |
685 |
-33.7% |
| Percent Sold |
73.8% |
67.9% |
8.7% |
| Total Raised |
£48,195,750 |
£85,510,110 |
-43.6% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
468 |
855 |
-45.3% |
| Lots Sold |
338 |
572 |
-40.9% |
| Percent Sold |
72.2% |
66.9% |
8.0% |
| Total Raised |
£29,053,500 |
£66,625,960 |
-56.4% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
147 |
154 |
-4.5% |
| Lots Sold |
116 |
113 |
2.7% |
| Percent Sold |
78.9% |
73.4% |
7.5% |
| Total Raised |
£19,142,250 |
£18,884,150 |
1.4% |
London
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
919 |
1004 |
-8.5% |
| Lots Sold |
770 |
723 |
6.5% |
| Percent Sold |
83.8% |
72.0% |
16.4% |
| Total Raised |
£230,571,750 |
£160,073,956 |
44.0% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
832 |
927 |
-10.2% |
| Lots Sold |
693 |
665 |
4.2% |
| Percent Sold |
83.3% |
71.7% |
16.1% |
| Total Raised |
£174,810,850 |
£133,994,206 |
30.5% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
87 |
77 |
13.0% |
| Lots Sold |
77 |
58 |
32.8% |
| Percent Sold |
88.5% |
75.3% |
17.5% |
| Total Raised |
£55,760,900 |
£26,079,750 |
113.8% |
North-East
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
553 |
713 |
-22.4% |
| Lots Sold |
322 |
439 |
-26.7% |
| Percent Sold |
58.2% |
61.6% |
-5.4% |
| Total Raised |
£31,168,900 |
£41,167,700 |
-24.3% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
510 |
677 |
-24.7% |
| Lots Sold |
295 |
417 |
-29.3% |
| Percent Sold |
57.8% |
61.6% |
-6.1% |
| Total Raised |
£22,471,900 |
£37,324,000 |
-39.8% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
43 |
36 |
19.4% |
| Lots Sold |
27 |
22 |
22.7% |
| Percent Sold |
62.8% |
61.1% |
2.7% |
| Total Raised |
£8,697,000 |
£3,843,700 |
126.3% |
North-West
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
1306 |
1752 |
-25.5% |
| Lots Sold |
850 |
1075 |
-20.9% |
| Percent Sold |
65.1% |
61.4% |
6.1% |
| Total Raised |
£75,342,089 |
£100,362,900 |
-24.9% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
1039 |
1440 |
-27.8% |
| Lots Sold |
661 |
888 |
-25.6% |
| Percent Sold |
63.6% |
61.7% |
3.2% |
| Total Raised |
£51,329,539 |
£75,180,550 |
-31.7% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
267 |
312 |
-14.4% |
| Lots Sold |
189 |
187 |
1.1% |
| Percent Sold |
70.8% |
59.9% |
18.1% |
| Total Raised |
£24,012,550 |
£25,182,350 |
-4.6% |
North-West Home Counties
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
441 |
501 |
-12.0% |
| Lots Sold |
335 |
361 |
-7.2% |
| Percent Sold |
76.0% |
72.1% |
5.4% |
| Total Raised |
£71,330,750 |
£68,324,650 |
4.4% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
339 |
421 |
-19.5% |
| Lots Sold |
256 |
308 |
-16.9% |
| Percent Sold |
75.5% |
73.2% |
3.2% |
| Total Raised |
£53,227,550 |
£49,544,750 |
7.4% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
102 |
80 |
27.5% |
| Lots Sold |
79 |
53 |
49.1% |
| Percent Sold |
77.5% |
66.3% |
16.9% |
| Total Raised |
£18,103,200 |
£18,779,900 |
-3.6% |
Scotland
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
244 |
291 |
-16.2% |
| Lots Sold |
118 |
193 |
-38.9% |
| Percent Sold |
48.4% |
66.3% |
-27.1% |
| Total Raised |
£8,908,295 |
£11,118,772 |
-19.9% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
189 |
209 |
-9.6% |
| Lots Sold |
84 |
129 |
-34.9% |
| Percent Sold |
44.4% |
61.7% |
-28.0% |
| Total Raised |
£6,564,395 |
£10,055,522 |
-34.7% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
55 |
82 |
-32.9% |
| Lots Sold |
34 |
64 |
-46.9% |
| Percent Sold |
61.8% |
78.0% |
-20.8% |
| Total Raised |
£2,343,900 |
£1,063,250 |
120.4% |
South-East Home Counties
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
981 |
1321 |
-25.7% |
| Lots Sold |
773 |
967 |
-20.1% |
| Percent Sold |
78.8% |
73.2% |
7.6% |
| Total Raised |
£124,661,014 |
£147,952,700 |
-15.7% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
774 |
1097 |
-29.4% |
| Lots Sold |
617 |
800 |
-22.9% |
| Percent Sold |
79.7% |
72.9% |
9.3% |
| Total Raised |
£97,297,564 |
£105,909,450 |
-8.1% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
207 |
224 |
-7.6% |
| Lots Sold |
156 |
167 |
-6.6% |
| Percent Sold |
75.4% |
74.6% |
1.1% |
| Total Raised |
£27,363,450 |
£42,043,250 |
-34.9% |
South-West
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
801 |
933 |
-14.1% |
| Lots Sold |
610 |
629 |
-3.0% |
| Percent Sold |
76.2% |
67.4% |
13.0% |
| Total Raised |
£85,106,000 |
£82,041,200 |
3.7% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
561 |
683 |
-17.9% |
| Lots Sold |
412 |
449 |
-8.2% |
| Percent Sold |
73.4% |
65.7% |
11.7% |
| Total Raised |
£60,732,250 |
£56,580,000 |
7.3% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
240 |
250 |
-4.0% |
| Lots Sold |
198 |
180 |
10.0% |
| Percent Sold |
82.5% |
72.0% |
14.6% |
| Total Raised |
£24,373,750 |
£25,461,200 |
-4.3% |
Wales
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
560 |
647 |
-13.4% |
| Lots Sold |
381 |
388 |
-1.8% |
| Percent Sold |
68.0% |
60.0% |
13.5% |
| Total Raised |
£39,050,100 |
£37,135,000 |
5.2% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
454 |
543 |
-16.4% |
| Lots Sold |
302 |
333 |
-9.3% |
| Percent Sold |
66.5% |
61.3% |
8.5% |
| Total Raised |
£27,453,850 |
£29,952,500 |
-8.3% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
106 |
104 |
1.9% |
| Lots Sold |
79 |
55 |
43.6% |
| Percent Sold |
74.5% |
52.9% |
40.9% |
| Total Raised |
£11,596,250 |
£7,182,500 |
61.5% |
West Midlands
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
878 |
1195 |
-26.5% |
| Lots Sold |
636 |
716 |
-11.2% |
| Percent Sold |
72.4% |
59.9% |
20.9% |
| Total Raised |
£77,656,347 |
£69,283,556 |
12.1% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
706 |
995 |
-29.0% |
| Lots Sold |
503 |
584 |
-13.9% |
| Percent Sold |
71.2% |
58.7% |
21.4% |
| Total Raised |
£51,537,347 |
£55,080,306 |
-6.4% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
172 |
200 |
-14.0% |
| Lots Sold |
133 |
132 |
0.8% |
| Percent Sold |
77.3% |
66.0% |
17.2% |
| Total Raised |
£26,119,000 |
£14,203,250 |
83.9% |
Yorkshire and The Humber
| Total |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
706 |
1026 |
-31.2% |
| Lots Sold |
493 |
709 |
-30.5% |
| Percent Sold |
69.8% |
69.1% |
1.1% |
| Total Raised |
£56,094,900 |
£67,625,353 |
-17.1% |
| Residential |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
597 |
910 |
-34.4% |
| Lots Sold |
415 |
632 |
-34.3% |
| Percent Sold |
69.5% |
69.5% |
0.1% |
| Total Raised |
£38,255,550 |
£56,700,660 |
-32.5% |
| Commercial |
|
September 2009 - November 2009 |
September 2008 - November 2008 |
Increase |
| Lots Offered |
109 |
116 |
-6.0% |
| Lots Sold |
78 |
77 |
1.3% |
| Percent Sold |
71.6% |
66.4% |
7.8% |
| Total Raised |
£17,839,350 |
£10,924,693 |
63.3% |
Your Comments
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