Essential Auction News
|
Welcome to October's newsletter giving a round-up of recent auction activity, principally September.
I am pleased to report that the overall sales rate has increased to 71% from the 67% we saw in August. As I commented on last month, August is traditionally a very quiet month, and so not a particularly accurate barometer of the market.
Looking at the decreases in volumes when compared with the same periods last year, we are seeing a marked drop in the fall off in volumes of lots offered and the amount raised, more on that below.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
September saw the overall success rate rise to 71%, with 70% of residential lots selling and 76% of commercial lots selling. Perhaps more importantly the decline we have seen over the last two years both in the number of lots offered and the amount raised, has started to level off this month.
Overall, the amount raised in July - September 2009 was only 5% lower than the same period in 2008, with commercial only lots seeing an increase in amount raised of almost 20% in the same quarter. In the residential sector, whilst the number of lots is still down around 20% compared with last year, the amount raised for the month, quarter and year comparison is only down 11%, 14% and 20% respectively.
This may well be due to the higher sales rates we are seeing and higher value lots selling.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
September 2009 |
September 2008 |
Increase |
July - September 2009
|
July - September 2008
|
Increase |
October 2008 - September 2009 |
October 2007 - September 2008 |
Increase |
| Lots Offered |
3,291 |
4,109 |
-19.9% |
7,528 |
9,818 |
-23.3% |
31,238 |
37,807 |
-17.4% |
| Lots Sold |
2,334 |
2,688 |
-13.2% |
5,433 |
6,165 |
-11.9% |
22,558 |
24,361 |
-7.4% |
| Percent Sold |
71% |
65% |
8.4% |
72% |
63% |
14.9% |
72% |
64% |
12.1% |
| Total Raised |
£288,606,614 |
£331,321,289 |
-12.9% |
£845,001,195 |
£888,734,094 |
-4.9% |
£3,253,954,849 |
£4,444,781,239 |
-26.8% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
September 2009 |
September 2008 |
Increase |
July - September 2009
|
July - September 2008
|
Increase |
October 2008 - September 2009 |
October 2007 - September 2008 |
Increase |
| Lots Offered |
2,770 |
3,568 |
-22.4% |
6,119 |
8,277 |
-26.1% |
25,740 |
30,656 |
-16.0% |
| Lots Sold |
1,936 |
2,321 |
-16.6% |
4,376 |
5,139 |
-14.8% |
18,516 |
19,277 |
-3.9% |
| Percent Sold |
70% |
65% |
7.4% |
72% |
62% |
15.2% |
72% |
63% |
14.4% |
| Total Raised |
£250,747,114 |
£282,763,989 |
-11.3% |
£558,582,955 |
£649,397,520 |
-14.0% |
£2,227,217,069 |
£2,810,162,760 |
-20.7% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
September 2009 |
September 2008 |
Increase |
July - September 2009
|
July - September 2008
|
Increase |
October 2008 - September 2009 |
October 2007 - September 2008 |
Increase |
| Lots Offered |
521 |
541 |
-3.7% |
1,409 |
1,541 |
-8.6% |
5,498 |
7,142 |
-23.0% |
| Lots Sold |
398 |
367 |
8.4% |
1,057 |
1,026 |
3.0% |
4,042 |
5,076 |
-20.4% |
| Percent Sold |
76% |
68% |
12.6% |
75% |
67% |
12.7% |
74% |
71% |
3.4% |
| Total Raised |
£37,859,500 |
£48,557,300 |
-22.0% |
£286,418,240 |
£239,336,574 |
19.7% |
£1,026,737,780 |
£1,628,203,479 |
-36.9% |
Regional Auction Analysis
As is usually the case, variations across all the measurable parameters can be seen across the regions.
East Anglia
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
273 |
351 |
-22.2% |
| Lots Sold |
208 |
223 |
-6.7% |
| Percent Sold |
76.2% |
63.5% |
19.9% |
| Total Raised |
£39,187,000 |
£29,934,975 |
30.9% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
217 |
311 |
-30.2% |
| Lots Sold |
158 |
192 |
-17.7% |
| Percent Sold |
72.8% |
61.7% |
17.9% |
| Total Raised |
£23,610,000 |
£25,228,675 |
-6.4% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
56 |
40 |
40.0% |
| Lots Sold |
50 |
31 |
61.3% |
| Percent Sold |
89.3% |
77.5% |
15.2% |
| Total Raised |
£15,577,000 |
£4,706,300 |
231.0% |
East Midlands
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
563 |
913 |
-38.3% |
| Lots Sold |
423 |
594 |
-28.8% |
| Percent Sold |
75.1% |
65.1% |
15.5% |
| Total Raised |
£48,201,450 |
£81,707,250 |
-41.0% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
432 |
723 |
-40.2% |
| Lots Sold |
322 |
456 |
-29.4% |
| Percent Sold |
74.5% |
63.1% |
18.2% |
| Total Raised |
£27,442,450 |
£55,915,000 |
-50.9% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
131 |
190 |
-31.1% |
| Lots Sold |
101 |
138 |
-26.8% |
| Percent Sold |
77.1% |
72.6% |
6.2% |
| Total Raised |
£20,759,000 |
£25,792,250 |
-19.5% |
London
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
838 |
953 |
-12.1% |
| Lots Sold |
696 |
652 |
6.7% |
| Percent Sold |
83.1% |
68.4% |
21.4% |
| Total Raised |
£171,946,350 |
£146,826,901 |
17.1% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
759 |
868 |
-12.6% |
| Lots Sold |
626 |
590 |
6.1% |
| Percent Sold |
82.5% |
68.0% |
21.3% |
| Total Raised |
£136,380,450 |
£120,927,401 |
12.8% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
79 |
85 |
-7.1% |
| Lots Sold |
70 |
62 |
12.9% |
| Percent Sold |
88.6% |
72.9% |
21.5% |
| Total Raised |
£35,565,900 |
£25,899,500 |
37.3% |
North-East
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
519 |
729 |
-28.8% |
| Lots Sold |
282 |
432 |
-34.7% |
| Percent Sold |
54.3% |
59.3% |
-8.3% |
| Total Raised |
£26,294,331 |
£44,090,042 |
-40.4% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
477 |
683 |
-30.2% |
| Lots Sold |
256 |
402 |
-36.3% |
| Percent Sold |
53.7% |
58.9% |
-8.8% |
| Total Raised |
£20,989,331 |
£36,850,275 |
-43.0% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
42 |
46 |
-8.7% |
| Lots Sold |
26 |
30 |
-13.3% |
| Percent Sold |
61.9% |
65.2% |
-5.1% |
| Total Raised |
£5,305,000 |
£7,239,767 |
-26.7% |
North-West
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
1234 |
1517 |
-18.7% |
| Lots Sold |
814 |
904 |
-10.0% |
| Percent Sold |
66.0% |
59.6% |
10.7% |
| Total Raised |
£79,029,455 |
£122,585,644 |
-35.5% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
996 |
1237 |
-19.5% |
| Lots Sold |
648 |
733 |
-11.6% |
| Percent Sold |
65.1% |
59.3% |
9.8% |
| Total Raised |
£49,598,355 |
£70,359,094 |
-29.5% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
238 |
280 |
-15.0% |
| Lots Sold |
166 |
171 |
-2.9% |
| Percent Sold |
69.7% |
61.1% |
14.2% |
| Total Raised |
£29,431,100 |
£52,226,550 |
-43.6% |
North-West Home Counties
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
381 |
473 |
-19.5% |
| Lots Sold |
295 |
324 |
-9.0% |
| Percent Sold |
77.4% |
68.5% |
13.0% |
| Total Raised |
£85,554,550 |
£65,779,950 |
30.1% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
296 |
414 |
-28.5% |
| Lots Sold |
224 |
285 |
-21.4% |
| Percent Sold |
75.7% |
68.8% |
9.9% |
| Total Raised |
£43,176,550 |
£47,470,950 |
-9.0% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
85 |
59 |
44.1% |
| Lots Sold |
71 |
39 |
82.1% |
| Percent Sold |
83.5% |
66.1% |
26.4% |
| Total Raised |
£42,378,000 |
£18,309,000 |
131.5% |
Scotland
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
171 |
99 |
72.7% |
| Lots Sold |
96 |
53 |
81.1% |
| Percent Sold |
56.1% |
53.5% |
4.9% |
| Total Raised |
£8,531,000 |
£10,606,422 |
-19.6% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
113 |
83 |
36.1% |
| Lots Sold |
59 |
41 |
43.9% |
| Percent Sold |
52.2% |
49.4% |
5.7% |
| Total Raised |
£5,064,000 |
£4,236,922 |
19.5% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
58 |
16 |
262.5% |
| Lots Sold |
37 |
12 |
208.3% |
| Percent Sold |
63.8% |
75.0% |
-14.9% |
| Total Raised |
£3,467,000 |
£6,369,500 |
-45.6% |
South-East Home Counties
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
924 |
1329 |
-30.5% |
| Lots Sold |
734 |
834 |
-12.0% |
| Percent Sold |
79.4% |
62.8% |
26.6% |
| Total Raised |
£133,121,669 |
£130,842,190 |
1.7% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
770 |
1128 |
-31.7% |
| Lots Sold |
620 |
702 |
-11.7% |
| Percent Sold |
80.5% |
62.2% |
29.4% |
| Total Raised |
£96,685,919 |
£99,189,090 |
-2.5% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
154 |
201 |
-23.4% |
| Lots Sold |
114 |
132 |
-13.6% |
| Percent Sold |
74.0% |
65.7% |
12.7% |
| Total Raised |
£36,435,750 |
£31,653,100 |
15.1% |
South-West
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
651 |
822 |
-20.8% |
| Lots Sold |
497 |
555 |
-10.5% |
| Percent Sold |
76.3% |
67.5% |
13.1% |
| Total Raised |
£90,703,250 |
£76,794,400 |
18.1% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
459 |
622 |
-26.2% |
| Lots Sold |
331 |
412 |
-19.7% |
| Percent Sold |
72.1% |
66.2% |
8.9% |
| Total Raised |
£49,663,050 |
£54,482,400 |
-8.8% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
192 |
200 |
-4.0% |
| Lots Sold |
166 |
143 |
16.1% |
| Percent Sold |
86.5% |
71.5% |
20.9% |
| Total Raised |
£41,040,200 |
£22,312,000 |
83.9% |
Wales
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
506 |
637 |
-20.6% |
| Lots Sold |
337 |
385 |
-12.5% |
| Percent Sold |
66.6% |
60.4% |
10.2% |
| Total Raised |
£33,589,090 |
£44,123,800 |
-23.9% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
406 |
520 |
-21.9% |
| Lots Sold |
276 |
314 |
-12.1% |
| Percent Sold |
68.0% |
60.4% |
12.6% |
| Total Raised |
£24,652,400 |
£29,778,050 |
-17.2% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
100 |
117 |
-14.5% |
| Lots Sold |
61 |
71 |
-14.1% |
| Percent Sold |
61.0% |
60.7% |
0.5% |
| Total Raised |
£8,936,690 |
£14,345,750 |
-37.7% |
West Midlands
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
776 |
1153 |
-32.7% |
| Lots Sold |
557 |
655 |
-15.0% |
| Percent Sold |
71.8% |
56.8% |
26.4% |
| Total Raised |
£74,300,300 |
£75,157,081 |
-1.1% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
609 |
946 |
-35.6% |
| Lots Sold |
439 |
517 |
-15.1% |
| Percent Sold |
72.1% |
54.7% |
31.9% |
| Total Raised |
£45,669,800 |
£56,148,831 |
-18.7% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
167 |
207 |
-19.3% |
| Lots Sold |
118 |
138 |
-14.5% |
| Percent Sold |
70.7% |
66.7% |
6.0% |
| Total Raised |
£28,630,500 |
£19,008,250 |
50.6% |
Yorkshire and The Humber
| Total |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
689 |
836 |
-17.6% |
| Lots Sold |
491 |
549 |
-10.6% |
| Percent Sold |
71.3% |
65.7% |
8.5% |
| Total Raised |
£54,226,750 |
£59,751,689 |
-9.2% |
| Residential |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
582 |
736 |
-20.9% |
| Lots Sold |
414 |
490 |
-15.5% |
| Percent Sold |
71.1% |
66.6% |
6.8% |
| Total Raised |
£35,334,650 |
£48,277,082 |
-26.8% |
| Commercial |
|
July 2009 - September 2009 |
July 2008 - September 2008 |
Increase |
| Lots Offered |
107 |
100 |
7.0% |
| Lots Sold |
77 |
59 |
30.5% |
| Percent Sold |
72.0% |
59.0% |
22.0% |
| Total Raised |
£18,892,100 |
£11,474,607 |
64.6% |
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.
