Essential Auction News
|
Welcome to the first newsletter of 2009 which looks at auction sales in December 2008 and the relevant quarterly and yearly periods, and changes on 2007.
The good news is that for the 6th month in succession the % sold rate has increased or remained the same as the previous month. As with November's auctions, December saw an overall sale rate of 67%, which was also the same rate for December 2007. This continuing trend is surely a sign that auctions are bringing together both vendors and purchasers in a market place that is seeing properties being sold.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
December 2008 saw 10% less lots sold and offered when compared with December 2007, and the amount raised was down 42%. Comparing 2008 with 2007 overall saw the number of lots offered remain virtually static, lots sold down 11% and amount raised down 37%. Reviewing the two sectors saw an increase in the number of residential lots offered and the fall in the amount raised was less marked than in the commercial sector.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
December 2008 |
December 2007 |
Increase |
October 2008 - December 2008
|
October 2007 - December 2007
|
Increase |
January 2008 - December 2008 |
January 2007 - December 2007 |
Increase |
| Lots Offered |
3,189 |
3,530 |
-9.7% |
9,877 |
9,857 |
0.2% |
37,825 |
38,091 |
-0.7% |
| Lots Sold |
2,147 |
2,370 |
-9.4% |
6,548 |
6,478 |
1.1% |
24,405 |
27,444 |
-11.1% |
| Percent Sold |
67% |
67% |
0.3% |
66% |
66% |
0.9% |
65% |
72% |
-10.4% |
| Total Raised |
£300,987,260 |
£523,705,339 |
-42.5% |
£854,997,393 |
£1,468,555,297 |
-41.8% |
£3,819,925,335 |
£6,031,749,422 |
-36.7% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
December 2008 |
December 2007 |
Increase |
October 2008 - December 2008
|
October 2007 - December 2007
|
Increase |
January 2008 - December 2008 |
January 2007 - December 2007 |
Increase |
| Lots Offered |
2,659 |
2,832 |
-6.1% |
8,199 |
7,745 |
5.9% |
31,109 |
30,514 |
1.9% |
| Lots Sold |
1,792 |
1,849 |
-3.1% |
5,423 |
4,936 |
9.9% |
19,752 |
21,605 |
-8.6% |
| Percent Sold |
67% |
65% |
3.2% |
66% |
64% |
3.8% |
63% |
71% |
-10.3% |
| Total Raised |
£214,338,200 |
£286,925,244 |
-25.3% |
£626,702,640 |
£807,835,107 |
-22.4% |
£2,627,858,293 |
£3,680,245,705 |
-28.6% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
December 2008 |
December 2007 |
Increase |
October 2008 - December 2008
|
October 2007 - December 2007
|
Increase |
January 2008 - December 2008 |
January 2007 - December 2007 |
Increase |
| Lots Offered |
530 |
698 |
-24.1% |
1,678 |
2,103 |
-20.2% |
6,716 |
7,535 |
-10.9% |
| Lots Sold |
355 |
521 |
-31.9% |
1,125 |
1,534 |
-26.7% |
4,653 |
5,808 |
-19.9% |
| Percent Sold |
67% |
75% |
-10.3% |
67% |
73% |
-8.1% |
69% |
77% |
-10.1% |
| Total Raised |
£86,649,060 |
£236,780,095 |
-63.4% |
£228,294,753 |
£654,305,190 |
-65.1% |
£1,192,067,042 |
£2,316,062,717 |
-48.5% |
Regional Auction Analysis
For the first time since February 2008 every region saw at least 50% of its lots sell at auction. Indeed every region was above 60% with the exception of the North East which was 57%. This is further evidence of the steadying of the auction market.
East Anglia
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
318 |
231 |
37.7% |
| Lots Sold |
205 |
166 |
23.5% |
| Percent Sold |
64.5% |
71.9% |
-10.3% |
| Total Raised |
£23,335,500 |
£41,097,200 |
-43.2% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
261 |
162 |
61.1% |
| Lots Sold |
166 |
108 |
53.7% |
| Percent Sold |
63.6% |
66.7% |
-4.6% |
| Total Raised |
£18,474,500 |
£18,675,200 |
-1.1% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
57 |
69 |
-17.4% |
| Lots Sold |
39 |
58 |
-32.8% |
| Percent Sold |
68.4% |
84.1% |
-18.6% |
| Total Raised |
£4,861,000 |
£22,422,000 |
-78.3% |
East Midlands
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
820 |
830 |
-1.2% |
| Lots Sold |
551 |
559 |
-1.4% |
| Percent Sold |
67.2% |
67.3% |
-0.2% |
| Total Raised |
£57,026,560 |
£96,507,200 |
-40.9% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
722 |
686 |
5.2% |
| Lots Sold |
485 |
452 |
7.3% |
| Percent Sold |
67.2% |
65.9% |
2.0% |
| Total Raised |
£44,414,660 |
£55,290,100 |
-19.7% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
98 |
144 |
-31.9% |
| Lots Sold |
66 |
107 |
-38.3% |
| Percent Sold |
67.3% |
74.3% |
-9.4% |
| Total Raised |
£12,611,900 |
£41,217,100 |
-69.4% |
London
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
1105 |
975 |
13.3% |
| Lots Sold |
811 |
718 |
13.0% |
| Percent Sold |
73.4% |
73.6% |
-0.3% |
| Total Raised |
£194,343,455 |
£313,050,400 |
-37.9% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
994 |
831 |
19.6% |
| Lots Sold |
725 |
600 |
20.8% |
| Percent Sold |
72.9% |
72.2% |
1.0% |
| Total Raised |
£152,129,205 |
£185,585,900 |
-18.0% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
111 |
144 |
-22.9% |
| Lots Sold |
86 |
118 |
-27.1% |
| Percent Sold |
77.5% |
81.9% |
-5.5% |
| Total Raised |
£42,214,250 |
£127,464,500 |
-66.9% |
North-East
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
642 |
631 |
1.7% |
| Lots Sold |
365 |
320 |
14.1% |
| Percent Sold |
56.9% |
50.7% |
12.1% |
| Total Raised |
£32,482,075 |
£49,017,735 |
-33.7% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
608 |
551 |
10.3% |
| Lots Sold |
350 |
272 |
28.7% |
| Percent Sold |
57.6% |
49.4% |
16.6% |
| Total Raised |
£29,196,375 |
£27,873,245 |
4.7% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
34 |
80 |
-57.5% |
| Lots Sold |
15 |
48 |
-68.8% |
| Percent Sold |
44.1% |
60.0% |
-26.5% |
| Total Raised |
£3,285,700 |
£21,144,490 |
-84.5% |
North-West
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
1595 |
1711 |
-6.8% |
| Lots Sold |
1002 |
993 |
0.9% |
| Percent Sold |
62.8% |
58.0% |
8.2% |
| Total Raised |
£89,743,400 |
£165,809,950 |
-45.9% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
1288 |
1362 |
-5.4% |
| Lots Sold |
808 |
759 |
6.5% |
| Percent Sold |
62.7% |
55.7% |
12.6% |
| Total Raised |
£64,408,600 |
£94,904,100 |
-32.1% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
307 |
349 |
-12.0% |
| Lots Sold |
194 |
234 |
-17.1% |
| Percent Sold |
63.2% |
67.0% |
-5.8% |
| Total Raised |
£25,334,800 |
£70,905,850 |
-64.3% |
North-West Home Counties
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
474 |
526 |
-9.9% |
| Lots Sold |
341 |
364 |
-6.3% |
| Percent Sold |
71.9% |
69.2% |
4.0% |
| Total Raised |
£68,598,850 |
£123,859,400 |
-44.6% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
388 |
397 |
-2.3% |
| Lots Sold |
282 |
278 |
1.4% |
| Percent Sold |
72.7% |
70.0% |
3.8% |
| Total Raised |
£44,694,950 |
£67,405,400 |
-33.7% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
86 |
129 |
-33.3% |
| Lots Sold |
59 |
86 |
-31.4% |
| Percent Sold |
68.6% |
66.7% |
2.9% |
| Total Raised |
£23,903,900 |
£56,454,000 |
-57.7% |
Northern Ireland
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
13 |
25 |
-48.0% |
| Lots Sold |
11 |
14 |
-21.4% |
| Percent Sold |
84.6% |
56.0% |
51.1% |
| Total Raised |
£1,144,500 |
£10,796,500 |
-89.4% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
13 |
16 |
-18.8% |
| Lots Sold |
11 |
6 |
83.3% |
| Percent Sold |
84.6% |
37.5% |
125.6% |
| Total Raised |
£1,144,500 |
£4,381,500 |
-73.9% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
0 |
9 |
-100.0% |
| Lots Sold |
0 |
8 |
-100.0% |
| Percent Sold |
0.0% |
88.9% |
0.0% |
| Total Raised |
£0 |
£6,415,000 |
-100.0% |
Scotland
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
269 |
245 |
9.8% |
| Lots Sold |
175 |
194 |
-9.8% |
| Percent Sold |
65.1% |
79.2% |
-17.8% |
| Total Raised |
£9,796,350 |
£37,511,650 |
-73.9% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
183 |
129 |
41.9% |
| Lots Sold |
110 |
94 |
17.0% |
| Percent Sold |
60.1% |
72.9% |
-17.5% |
| Total Raised |
£7,954,600 |
£6,026,550 |
32.0% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
86 |
116 |
-25.9% |
| Lots Sold |
65 |
100 |
-35.0% |
| Percent Sold |
75.6% |
86.2% |
-12.3% |
| Total Raised |
£1,841,750 |
£31,485,100 |
-94.2% |
South-East Home Counties
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
1243 |
1314 |
-5.4% |
| Lots Sold |
890 |
935 |
-4.8% |
| Percent Sold |
71.6% |
71.2% |
0.6% |
| Total Raised |
£142,317,910 |
£233,713,051 |
-39.1% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
968 |
1017 |
-4.8% |
| Lots Sold |
705 |
713 |
-1.1% |
| Percent Sold |
72.8% |
70.1% |
3.9% |
| Total Raised |
£92,561,050 |
£126,471,551 |
-26.8% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
275 |
297 |
-7.4% |
| Lots Sold |
185 |
222 |
-16.7% |
| Percent Sold |
67.3% |
74.7% |
-10.0% |
| Total Raised |
£49,756,860 |
£107,241,500 |
-53.6% |
South-West
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
804 |
782 |
2.8% |
| Lots Sold |
539 |
563 |
-4.3% |
| Percent Sold |
67.0% |
72.0% |
-6.9% |
| Total Raised |
£73,301,800 |
£115,630,750 |
-36.6% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
581 |
527 |
10.2% |
| Lots Sold |
378 |
359 |
5.3% |
| Percent Sold |
65.1% |
68.1% |
-4.5% |
| Total Raised |
£49,218,350 |
£61,723,650 |
-20.3% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
223 |
255 |
-12.5% |
| Lots Sold |
161 |
204 |
-21.1% |
| Percent Sold |
72.2% |
80.0% |
-9.8% |
| Total Raised |
£24,083,450 |
£53,907,100 |
-55.3% |
Wales
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
694 |
706 |
-1.7% |
| Lots Sold |
437 |
391 |
11.8% |
| Percent Sold |
63.0% |
55.4% |
13.7% |
| Total Raised |
£38,483,850 |
£56,685,550 |
-32.1% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
568 |
565 |
0.5% |
| Lots Sold |
372 |
305 |
22.0% |
| Percent Sold |
65.5% |
54.0% |
21.3% |
| Total Raised |
£32,643,000 |
£30,514,750 |
7.0% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
126 |
141 |
-10.6% |
| Lots Sold |
65 |
86 |
-24.4% |
| Percent Sold |
51.6% |
61.0% |
-15.4% |
| Total Raised |
£5,840,850 |
£26,170,800 |
-77.7% |
West Midlands
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
978 |
1136 |
-13.9% |
| Lots Sold |
600 |
752 |
-20.2% |
| Percent Sold |
61.3% |
66.2% |
-7.3% |
| Total Raised |
£62,303,900 |
£142,322,851 |
-56.2% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
825 |
905 |
-8.8% |
| Lots Sold |
498 |
581 |
-14.3% |
| Percent Sold |
60.4% |
64.2% |
-6.0% |
| Total Raised |
£45,349,150 |
£78,047,601 |
-41.9% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
153 |
231 |
-33.8% |
| Lots Sold |
102 |
171 |
-40.4% |
| Percent Sold |
66.7% |
74.0% |
-9.9% |
| Total Raised |
£16,954,750 |
£64,275,250 |
-73.6% |
Yorkshire and The Humber
| Total |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
922 |
745 |
23.8% |
| Lots Sold |
621 |
509 |
22.0% |
| Percent Sold |
67.4% |
68.3% |
-1.4% |
| Total Raised |
£62,119,243 |
£82,553,060 |
-24.8% |
| Residential |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
800 |
597 |
34.0% |
| Lots Sold |
533 |
409 |
30.3% |
| Percent Sold |
66.6% |
68.5% |
-2.8% |
| Total Raised |
£44,513,700 |
£50,935,560 |
-12.6% |
| Commercial |
|
October - December 2008 |
October - December 2007 |
Increase |
| Lots Offered |
122 |
148 |
-17.6% |
| Lots Sold |
88 |
100 |
-12.0% |
| Percent Sold |
72.1% |
67.6% |
6.8% |
| Total Raised |
£17,605,543 |
£31,617,500 |
-44.3% |
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.
