Essential Auction News
|
Welcome to November's newsletter giving a round-up of recent auction activity, principally October.
October was an exceptionally busy month with 170 auctions being held. The busiest ever was September 2009 with 179 auctions. The sale rate held steady at 72% with £422 million being raised. With only six weeks to the end of the year, we are very busy at the moment entering the catalogues for the rest of November and December.
As always do contact us if you have any questions.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
October saw a very strong set of results in the light of current market conditions and when compared with last year. Whilst the number of lots offered was down, the percent sold and amount raised were all up, by some margin in the case of commercial property. 40% more money was raised at commercial sales in October 2009 when compared with October 2008 and residential sales saw a rise of almost 10% in the same period. The overall percentage sale rate was 72% and this has broadly been the figure for some months now. Indications are that we will see this improvement continuing and it bodes well for next year.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
October 2009 |
October 2008 |
Increase |
August - October 2009
|
August - October 2008
|
Increase |
November 2008 - October 2009 |
November 2007 - October 2008 |
Increase |
| Lots Offered |
3,038 |
3,608 |
-15.8% |
6,995 |
8,714 |
-19.7% |
30,669 |
37,647 |
-18.5% |
| Lots Sold |
2,201 |
2,316 |
-5.0% |
5,050 |
5,627 |
-10.3% |
22,583 |
24,192 |
-6.7% |
| Percent Sold |
72% |
64% |
12.9% |
72% |
65% |
11.8% |
74% |
64% |
14.6% |
| Total Raised |
£422,132,876 |
£348,943,343 |
21.0% |
£772,058,765 |
£767,181,589 |
0.6% |
£3,345,951,157 |
£4,154,022,717 |
-19.5% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
October 2009 |
October 2008 |
Increase |
August - October 2009
|
August - October 2008
|
Increase |
November 2008 - October 2009 |
November 2007 - October 2008 |
Increase |
| Lots Offered |
2,304 |
2,810 |
-18.0% |
5,680 |
7,263 |
-21.8% |
25,235 |
30,682 |
-17.8% |
| Lots Sold |
1,653 |
1,778 |
-7.0% |
4,062 |
4,660 |
-12.8% |
18,525 |
19,281 |
-3.9% |
| Percent Sold |
72% |
63% |
13.4% |
72% |
64% |
11.5% |
73% |
63% |
16.8% |
| Total Raised |
£243,569,676 |
£221,990,250 |
9.7% |
£550,311,815 |
£565,507,279 |
-2.7% |
£2,264,204,770 |
£2,728,570,845 |
-17.0% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
October 2009 |
October 2008 |
Increase |
August - October 2009
|
August - October 2008
|
Increase |
November 2008 - October 2009 |
November 2007 - October 2008 |
Increase |
| Lots Offered |
734 |
798 |
-8.0% |
1,315 |
1,451 |
-9.4% |
5,434 |
6,965 |
-22.0% |
| Lots Sold |
548 |
538 |
1.9% |
988 |
967 |
2.2% |
4,058 |
4,911 |
-17.4% |
| Percent Sold |
75% |
67% |
10.7% |
75% |
67% |
12.7% |
75% |
71% |
5.9% |
| Total Raised |
£178,563,200 |
£126,953,093 |
40.7% |
£221,746,950 |
£201,674,310 |
10.0% |
£1,081,746,387 |
£1,425,451,872 |
-24.1% |
Regional Auction Analysis
As is usually the case, variations across all the measurable parameters can be seen across the regions.
East Anglia
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
245 |
272 |
-9.9% |
| Lots Sold |
169 |
180 |
-6.1% |
| Percent Sold |
69.0% |
66.2% |
4.2% |
| Total Raised |
£20,929,150 |
£24,715,725 |
-15.3% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
208 |
237 |
-12.2% |
| Lots Sold |
139 |
155 |
-10.3% |
| Percent Sold |
66.8% |
65.4% |
2.2% |
| Total Raised |
£17,012,150 |
£19,570,725 |
-13.1% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
37 |
35 |
5.7% |
| Lots Sold |
30 |
25 |
20.0% |
| Percent Sold |
81.1% |
71.4% |
13.5% |
| Total Raised |
£3,917,000 |
£5,145,000 |
-23.9% |
East Midlands
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
497 |
799 |
-37.8% |
| Lots Sold |
372 |
510 |
-27.1% |
| Percent Sold |
74.8% |
63.8% |
17.3% |
| Total Raised |
£40,179,800 |
£67,696,950 |
-40.6% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
380 |
661 |
-42.5% |
| Lots Sold |
276 |
413 |
-33.2% |
| Percent Sold |
72.6% |
62.5% |
16.2% |
| Total Raised |
£24,006,050 |
£49,491,300 |
-51.5% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
117 |
138 |
-15.2% |
| Lots Sold |
96 |
97 |
-1.0% |
| Percent Sold |
82.1% |
70.3% |
16.7% |
| Total Raised |
£16,173,750 |
£18,205,650 |
-11.2% |
London
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
872 |
844 |
3.3% |
| Lots Sold |
726 |
599 |
21.2% |
| Percent Sold |
83.3% |
71.0% |
17.3% |
| Total Raised |
£219,394,150 |
£137,491,201 |
59.6% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
784 |
782 |
0.3% |
| Lots Sold |
647 |
550 |
17.6% |
| Percent Sold |
82.5% |
70.3% |
17.3% |
| Total Raised |
£163,113,750 |
£113,935,701 |
43.2% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
88 |
62 |
41.9% |
| Lots Sold |
79 |
49 |
61.2% |
| Percent Sold |
89.8% |
79.0% |
13.6% |
| Total Raised |
£56,280,400 |
£23,555,500 |
138.9% |
North-East
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
483 |
676 |
-28.6% |
| Lots Sold |
281 |
401 |
-29.9% |
| Percent Sold |
58.2% |
59.3% |
-1.9% |
| Total Raised |
£28,436,875 |
£39,529,692 |
-28.1% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
443 |
638 |
-30.6% |
| Lots Sold |
257 |
376 |
-31.6% |
| Percent Sold |
58.0% |
58.9% |
-1.6% |
| Total Raised |
£19,604,875 |
£35,387,225 |
-44.6% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
40 |
38 |
5.3% |
| Lots Sold |
24 |
25 |
-4.0% |
| Percent Sold |
60.0% |
65.8% |
-8.8% |
| Total Raised |
£8,832,000 |
£4,142,467 |
113.2% |
North-West
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
1168 |
1466 |
-20.3% |
| Lots Sold |
766 |
875 |
-12.5% |
| Percent Sold |
65.6% |
59.7% |
9.9% |
| Total Raised |
£68,814,589 |
£106,833,100 |
-35.6% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
929 |
1152 |
-19.4% |
| Lots Sold |
602 |
685 |
-12.1% |
| Percent Sold |
64.8% |
59.5% |
9.0% |
| Total Raised |
£46,783,839 |
£61,673,250 |
-24.1% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
239 |
314 |
-23.9% |
| Lots Sold |
164 |
190 |
-13.7% |
| Percent Sold |
68.6% |
60.5% |
13.4% |
| Total Raised |
£22,030,750 |
£45,159,850 |
-51.2% |
North-West Home Counties
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
402 |
384 |
4.7% |
| Lots Sold |
306 |
285 |
7.4% |
| Percent Sold |
76.1% |
74.2% |
2.6% |
| Total Raised |
£66,550,250 |
£57,489,450 |
15.8% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
316 |
322 |
-1.9% |
| Lots Sold |
236 |
243 |
-2.9% |
| Percent Sold |
74.7% |
75.5% |
-1.0% |
| Total Raised |
£49,749,050 |
£40,177,250 |
23.8% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
86 |
62 |
38.7% |
| Lots Sold |
70 |
42 |
66.7% |
| Percent Sold |
81.4% |
67.7% |
20.2% |
| Total Raised |
£16,801,200 |
£17,312,200 |
-3.0% |
Scotland
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
165 |
192 |
-14.1% |
| Lots Sold |
84 |
109 |
-22.9% |
| Percent Sold |
50.9% |
56.8% |
-10.3% |
| Total Raised |
£6,802,250 |
£7,121,522 |
-4.5% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
118 |
147 |
-19.7% |
| Lots Sold |
60 |
74 |
-18.9% |
| Percent Sold |
50.8% |
50.3% |
1.0% |
| Total Raised |
£4,588,750 |
£6,609,672 |
-30.6% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
47 |
45 |
4.4% |
| Lots Sold |
24 |
35 |
-31.4% |
| Percent Sold |
51.1% |
77.8% |
-34.3% |
| Total Raised |
£2,213,500 |
£511,850 |
332.5% |
South-East Home Counties
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
779 |
1073 |
-27.4% |
| Lots Sold |
616 |
772 |
-20.2% |
| Percent Sold |
79.1% |
71.9% |
9.9% |
| Total Raised |
£105,315,759 |
£121,574,340 |
-13.4% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
637 |
895 |
-28.8% |
| Lots Sold |
513 |
637 |
-19.5% |
| Percent Sold |
80.5% |
71.2% |
13.2% |
| Total Raised |
£82,145,509 |
£84,238,090 |
-2.5% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
142 |
178 |
-20.2% |
| Lots Sold |
103 |
135 |
-23.7% |
| Percent Sold |
72.5% |
75.8% |
-4.4% |
| Total Raised |
£23,170,250 |
£37,336,250 |
-37.9% |
South-West
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
599 |
656 |
-8.7% |
| Lots Sold |
452 |
455 |
-0.7% |
| Percent Sold |
75.5% |
69.4% |
8.8% |
| Total Raised |
£67,133,900 |
£63,669,700 |
5.4% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
418 |
476 |
-12.2% |
| Lots Sold |
302 |
327 |
-7.6% |
| Percent Sold |
72.2% |
68.7% |
5.2% |
| Total Raised |
£45,899,150 |
£42,117,500 |
9.0% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
181 |
180 |
0.6% |
| Lots Sold |
150 |
128 |
17.2% |
| Percent Sold |
82.9% |
71.1% |
16.5% |
| Total Raised |
£21,234,750 |
£21,552,200 |
-1.5% |
Wales
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
494 |
603 |
-18.1% |
| Lots Sold |
329 |
352 |
-6.5% |
| Percent Sold |
66.6% |
58.4% |
14.1% |
| Total Raised |
£33,767,650 |
£32,532,500 |
3.8% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
404 |
493 |
-18.1% |
| Lots Sold |
267 |
298 |
-10.4% |
| Percent Sold |
66.1% |
60.4% |
9.3% |
| Total Raised |
£23,361,150 |
£25,457,250 |
-8.2% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
90 |
110 |
-18.2% |
| Lots Sold |
62 |
54 |
14.8% |
| Percent Sold |
68.9% |
49.1% |
40.3% |
| Total Raised |
£10,406,500 |
£7,075,250 |
47.1% |
West Midlands
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
739 |
955 |
-22.6% |
| Lots Sold |
546 |
546 |
0.0% |
| Percent Sold |
73.9% |
57.2% |
29.2% |
| Total Raised |
£68,172,742 |
£54,608,006 |
24.8% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
585 |
783 |
-25.3% |
| Lots Sold |
428 |
436 |
-1.8% |
| Percent Sold |
73.2% |
55.7% |
31.4% |
| Total Raised |
£44,034,242 |
£42,571,006 |
3.4% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
154 |
172 |
-10.5% |
| Lots Sold |
118 |
110 |
7.3% |
| Percent Sold |
76.6% |
64.0% |
19.8% |
| Total Raised |
£24,138,500 |
£12,037,000 |
100.5% |
Yorkshire and The Humber
| Total |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
548 |
787 |
-30.4% |
| Lots Sold |
399 |
536 |
-25.6% |
| Percent Sold |
72.8% |
68.1% |
6.9% |
| Total Raised |
£46,272,650 |
£53,171,153 |
-13.0% |
| Residential |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
454 |
670 |
-32.2% |
| Lots Sold |
331 |
459 |
-27.9% |
| Percent Sold |
72.9% |
68.5% |
6.4% |
| Total Raised |
£29,724,300 |
£43,530,060 |
-31.7% |
| Commercial |
|
August 2009 - October 2009 |
August 2008 - October 2008 |
Increase |
| Lots Offered |
94 |
117 |
-19.7% |
| Lots Sold |
68 |
77 |
-11.7% |
| Percent Sold |
72.3% |
65.8% |
9.9% |
| Total Raised |
£16,548,350 |
£9,641,093 |
71.6% |
Your Comments
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