Essential Auction News
|
Welcome to first newsletter of 2010 and a look at the results for December 2009 and a look back at 2009 in general. Simply looking at the figures for 2009, one would be forgiven for thinking that 2009 has been even worse than 2008, and on the face of it, yes, the overall number of lots offered and the amount raised was down 21% and 11% respectively. However, the overall sale rate for 2009 was 75% compared with 65% for 2008, and if one strips out repossession sales, the amount raised in 2009 was 2% up on 2008.
The Commercial market in 2009 was very much a year of 2 halves. The first half saw the slight decline in volumes that had been in evidence since 2007 continue, but the 2nd half of the year saw a complete turn around and much higher volumes being seen in H2 2009 when compared with H2 of 2008 (See graph 1).
A similar picture can bee seen in graph 2 for the residential sector. The decline in amount raised started in Q2 2007 and continued through to the end of 2008. From a low base of £490m in Q1 2009 it has slowly risen all year to finish at £616m in Q4 2009. This is just below the level in Q4 2008.
As always do contact me if you have any questions.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
As the tables below shows, December 2009 was busier compared with December 2008. The value of residential lots sold was up 5% and commercial lot values were up 95%. In addition the number of lots offered was up 3% overall. By looking at the trend in the 'Increase' figures for the three periods, 'Last month', 'Last Quarter', and 'Last Year', it is noticeable how the relatively large minus sign for the year comparison moved to being generally positive numbers for the month comparison. This shows and supports the relative improvement we have seen over the latter part of last year.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
December 2009 |
December 2008 |
Increase |
October 2009 - December 2009 |
October 2008 - December 2008 |
Increase |
January 2009 - December 2009 |
January 2008 -December 2008 |
Increase |
| Lots Offered |
3,293 |
3,189 |
3.3% |
8,338 |
9,879 |
-15.6% |
29,720 |
37,829 |
-21.4% |
| Lots Sold |
2,310 |
2,238 |
3.2% |
5,916 |
6,709 |
-11.8% |
22,373 |
24,592 |
-9.0% |
| Percent Sold |
70% |
70% |
-0.0% |
71% |
68% |
4.5% |
75% |
65% |
15.8% |
| Total Raised |
£440,719,778 |
£330,470,040 |
33.4% |
£1,024,132,300 |
£904,945,123 |
13.2% |
£3,471,652,346 |
£3,881,171,065 |
-10.6% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
December 2009 |
December 2008 |
Increase |
October 2009 - December 2009 |
October 2008 - December 2008 |
Increase |
January 2009 - December 2009 |
January 2008 -December 2008 |
Increase |
| Lots Offered |
2,491 |
2,659 |
-6.3% |
6,474 |
8,199 |
-21.0% |
24,025 |
31,110 |
-22.8% |
| Lots Sold |
1,748 |
1,864 |
-6.2% |
4,544 |
5,554 |
-18.2% |
18,014 |
19,895 |
-9.5% |
| Percent Sold |
70% |
70% |
0.1% |
70% |
68% |
3.6% |
75% |
64% |
17.2% |
| Total Raised |
£239,609,578 |
£227,620,055 |
5.3% |
£616,306,550 |
£650,536,445 |
-5.3% |
£2,261,365,244 |
£2,652,864,098 |
-14.8% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
December 2009 |
December 2008 |
Increase |
October 2009 - December 2009 |
October 2008 - December 2008 |
Increase |
January 2009 - December 2009 |
January 2008 -December 2008 |
Increase |
| Lots Offered |
802 |
530 |
51.3% |
1,864 |
1,680 |
11.0% |
5,695 |
6,719 |
-15.2% |
| Lots Sold |
562 |
374 |
50.3% |
1,372 |
1,155 |
18.8% |
4,359 |
4,697 |
-7.2% |
| Percent Sold |
70% |
71% |
-0.7% |
74% |
69% |
7.1% |
77% |
70% |
9.5% |
| Total Raised |
£201,110,200 |
£102,849,985 |
95.5% |
£407,825,750 |
£254,408,678 |
60.3% |
£1,210,287,102 |
£1,228,306,967 |
-1.5% |
Regional Auction Analysis
As is usually the case, variations across all the measurable parameters can be seen across the regions.
East Anglia
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
277 |
318 |
-12.9% |
| Lots Sold |
219 |
211 |
3.8% |
| Percent Sold |
79.1% |
66.4% |
19.2% |
| Total Raised |
£35,896,500 |
£25,622,500 |
40.1% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
210 |
261 |
-19.5% |
| Lots Sold |
162 |
172 |
-5.8% |
| Percent Sold |
77.1% |
65.9% |
17.1% |
| Total Raised |
£17,501,000 |
£19,661,500 |
-11.0% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
67 |
57 |
17.5% |
| Lots Sold |
57 |
39 |
46.2% |
| Percent Sold |
85.1% |
68.4% |
24.3% |
| Total Raised |
£18,395,500 |
£5,961,000 |
208.6% |
East Midlands
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
631 |
821 |
-23.1% |
| Lots Sold |
442 |
561 |
-21.2% |
| Percent Sold |
70.0% |
68.3% |
2.5% |
| Total Raised |
£53,316,250 |
£61,764,560 |
-13.7% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
475 |
722 |
-34.2% |
| Lots Sold |
337 |
493 |
-31.6% |
| Percent Sold |
70.9% |
68.3% |
3.9% |
| Total Raised |
£29,445,000 |
£45,829,660 |
-35.8% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
156 |
99 |
57.6% |
| Lots Sold |
105 |
68 |
54.4% |
| Percent Sold |
67.3% |
68.7% |
-2.0% |
| Total Raised |
£23,871,250 |
£15,934,900 |
49.8% |
London
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
1088 |
1105 |
-1.5% |
| Lots Sold |
889 |
822 |
8.2% |
| Percent Sold |
81.7% |
74.4% |
9.8% |
| Total Raised |
£311,193,000 |
£202,657,955 |
53.6% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
919 |
994 |
-7.5% |
| Lots Sold |
744 |
734 |
1.4% |
| Percent Sold |
81.0% |
73.8% |
9.6% |
| Total Raised |
£196,867,000 |
£156,833,705 |
25.5% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
169 |
111 |
52.3% |
| Lots Sold |
145 |
88 |
64.8% |
| Percent Sold |
85.8% |
79.3% |
8.2% |
| Total Raised |
£114,326,000 |
£45,824,250 |
149.5% |
North-East
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
539 |
642 |
-16.0% |
| Lots Sold |
274 |
419 |
-34.6% |
| Percent Sold |
50.8% |
65.3% |
-22.1% |
| Total Raised |
£31,788,702 |
£39,827,125 |
-20.2% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
497 |
608 |
-18.3% |
| Lots Sold |
252 |
398 |
-36.7% |
| Percent Sold |
50.7% |
65.5% |
-22.5% |
| Total Raised |
£18,117,202 |
£35,773,925 |
-49.4% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
42 |
34 |
23.5% |
| Lots Sold |
22 |
21 |
4.8% |
| Percent Sold |
52.4% |
61.8% |
-15.2% |
| Total Raised |
£13,671,500 |
£4,053,200 |
237.3% |
North-West
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
1254 |
1595 |
-21.4% |
| Lots Sold |
847 |
1021 |
-17.0% |
| Percent Sold |
67.5% |
64.0% |
5.5% |
| Total Raised |
£75,867,475 |
£94,648,400 |
-19.8% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
994 |
1288 |
-22.8% |
| Lots Sold |
667 |
825 |
-19.2% |
| Percent Sold |
67.1% |
64.1% |
4.8% |
| Total Raised |
£46,386,325 |
£66,788,600 |
-30.5% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
260 |
307 |
-15.3% |
| Lots Sold |
180 |
196 |
-8.2% |
| Percent Sold |
69.2% |
63.8% |
8.4% |
| Total Raised |
£29,481,150 |
£27,859,800 |
5.8% |
North-West Home Counties
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
473 |
474 |
-0.2% |
| Lots Sold |
339 |
345 |
-1.7% |
| Percent Sold |
71.7% |
72.8% |
-1.5% |
| Total Raised |
£83,161,100 |
£70,862,600 |
17.4% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
310 |
388 |
-20.1% |
| Lots Sold |
226 |
285 |
-20.7% |
| Percent Sold |
72.9% |
73.5% |
-0.7% |
| Total Raised |
£47,574,500 |
£45,958,700 |
3.5% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
163 |
86 |
89.5% |
| Lots Sold |
113 |
60 |
88.3% |
| Percent Sold |
69.3% |
69.8% |
-0.6% |
| Total Raised |
£35,586,600 |
£24,903,900 |
42.9% |
Scotland
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
278 |
269 |
3.3% |
| Lots Sold |
134 |
179 |
-25.1% |
| Percent Sold |
48.2% |
66.5% |
-27.6% |
| Total Raised |
£15,423,295 |
£10,527,350 |
46.5% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
221 |
183 |
20.8% |
| Lots Sold |
96 |
113 |
-15.0% |
| Percent Sold |
43.4% |
61.7% |
-29.7% |
| Total Raised |
£6,166,395 |
£8,480,600 |
-27.3% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
57 |
86 |
-33.7% |
| Lots Sold |
38 |
66 |
-42.4% |
| Percent Sold |
66.7% |
76.7% |
-13.1% |
| Total Raised |
£9,256,900 |
£2,046,750 |
352.3% |
South-East Home Counties
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
1035 |
1245 |
-16.9% |
| Lots Sold |
784 |
911 |
-13.9% |
| Percent Sold |
75.7% |
73.2% |
3.5% |
| Total Raised |
£147,756,206 |
£153,628,835 |
-3.8% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
760 |
969 |
-21.6% |
| Lots Sold |
578 |
716 |
-19.3% |
| Percent Sold |
76.1% |
73.9% |
2.9% |
| Total Raised |
£95,977,006 |
£95,498,550 |
0.5% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
275 |
276 |
-0.4% |
| Lots Sold |
206 |
195 |
5.6% |
| Percent Sold |
74.9% |
70.7% |
6.0% |
| Total Raised |
£51,779,200 |
£58,130,285 |
-10.9% |
South-West
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
717 |
803 |
-10.7% |
| Lots Sold |
542 |
548 |
-1.1% |
| Percent Sold |
75.6% |
68.2% |
10.8% |
| Total Raised |
£90,788,050 |
£75,797,300 |
19.8% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
484 |
580 |
-16.6% |
| Lots Sold |
358 |
385 |
-7.0% |
| Percent Sold |
74.0% |
66.4% |
11.4% |
| Total Raised |
£53,111,300 |
£50,118,850 |
6.0% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
233 |
223 |
4.5% |
| Lots Sold |
184 |
163 |
12.9% |
| Percent Sold |
79.0% |
73.1% |
8.0% |
| Total Raised |
£37,676,750 |
£25,678,450 |
46.7% |
Wales
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
528 |
694 |
-23.9% |
| Lots Sold |
365 |
442 |
-17.4% |
| Percent Sold |
69.1% |
63.7% |
8.5% |
| Total Raised |
£39,630,050 |
£40,487,850 |
-2.1% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
426 |
568 |
-25.0% |
| Lots Sold |
286 |
376 |
-23.9% |
| Percent Sold |
67.1% |
66.2% |
1.4% |
| Total Raised |
£22,905,950 |
£32,967,000 |
-30.5% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
102 |
126 |
-19.0% |
| Lots Sold |
79 |
66 |
19.7% |
| Percent Sold |
77.5% |
52.4% |
47.9% |
| Total Raised |
£16,724,100 |
£7,520,850 |
122.4% |
West Midlands
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
856 |
978 |
-12.5% |
| Lots Sold |
617 |
609 |
1.3% |
| Percent Sold |
72.1% |
62.3% |
15.8% |
| Total Raised |
£82,150,022 |
£63,770,405 |
28.8% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
669 |
825 |
-18.9% |
| Lots Sold |
487 |
506 |
-3.8% |
| Percent Sold |
72.8% |
61.3% |
18.7% |
| Total Raised |
£51,406,272 |
£46,250,655 |
11.1% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
187 |
153 |
22.2% |
| Lots Sold |
130 |
103 |
26.2% |
| Percent Sold |
69.5% |
67.3% |
3.3% |
| Total Raised |
£30,743,750 |
£17,519,750 |
75.5% |
Yorkshire and The Humber
| Total |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
647 |
922 |
-29.8% |
| Lots Sold |
456 |
630 |
-27.6% |
| Percent Sold |
70.5% |
68.3% |
3.1% |
| Total Raised |
£56,676,150 |
£64,205,743 |
-11.7% |
| Residential |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
494 |
800 |
-38.3% |
| Lots Sold |
343 |
540 |
-36.5% |
| Percent Sold |
69.4% |
67.5% |
2.9% |
| Total Raised |
£30,363,100 |
£45,230,200 |
-32.9% |
| Commercial |
|
October 2009 - December 2009 |
October 2008 -December 2008 |
Increase |
| Lots Offered |
153 |
122 |
25.4% |
| Lots Sold |
113 |
90 |
25.6% |
| Percent Sold |
73.9% |
73.8% |
0.1% |
| Total Raised |
£26,313,050 |
£18,975,543 |
38.7% |
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
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