Essential Auction News
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Welcome to the May 2010 newsletter giving an overview of auction activity for April and preceding periods. Notably the overall success rate has dropped to 60% from a recent average of above 70%. This has been against a backdrop of an uncertain general election result and continuing worries about the National and European economies. With the election behind us and a solution to the Greek crisis in hand we should be able to look forward to more positive results. We have made several changes to our website. Clicking the back button after performing a search will now retain the search criteria used. We have also added extra tenancy types to search on, including registered rents and assured shorthold tenancies. We are continuing to bring many new features to the site so if you have any function or feature that you would like to see then please reply to this email. Kind regards David Sandeman Managing Director davids@eigroup.co.uk |
National Auction Analysis
| The number of lots offered was down only 5% in April 2010 compared with April 2009. In addition the quarterly figure saw an improvement of over 6%, an encouraging trend. The commercial market continues to recover in terms of lots offered and amount raised. The residential market saw falls on both the monthly and yearly figures, though rallying a small increase in lots offered and amount raised for the quarterly figures. |
Total
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| April 2010 | April 2009 | Increase | February 2010 - April 2010 | February 2009 - April 2009 | Increase | May 2009 - April 2010 | May 2008 - April 2009 | Increase | |
| Lots Offered | 2,219 | 2,333 | -4.9% | 8,543 | 8,033 | 6.3% | 29,734 | 35,443 | -16.1% |
| Lots Sold | 1,344 | 1,641 | -18.1% | 5,899 | 5,898 | 0.0% | 21,671 | 23,419 | -7.5% |
| Percent Sold | 60.6% | 70.3% | -13.8% | 69.1% | 73.4% | -5.9% | 72.9% | 66.1% | 10.3% |
| Total Raised | £152,495,001 | £170,241,874 | -10.4% | £848,348,117 | £809,702,660 | 4.8% | £3,420,977,607 | £3,367,688,201 | 1.6% |
Residential
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| April 2010 | April 2009 | Increase | February 2010 - April 2010 | February 2009 - April 2009 | Increase | May 2009 - April 2010 | May 2008 - April 2009 | Increase | |
| Lots Offered | 1,848 | 1,953 | -5.4% | 6,856 | 6,642 | 3.2% | 23,763 | 29,419 | -19.2% |
| Lots Sold | 1,095 | 1,368 | -20.0% | 4,692 | 4,861 | -3.5% | 17,200 | 19,282 | -10.8% |
| Percent Sold | 59.3% | 70% | -15.3% | 68.4% | 73.2% | -6.6% | 72.4% | 65.5% | 10.5% |
| Total Raised | £124,297,351 | £143,019,725 | -13.1% | £577,460,492 | £549,100,260 | 5.2% | £2,223,675,180 | £2,356,847,153 | -5.7% |
Commercial
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| April 2010 | April 2009 | Increase | February 2010 - April 2010 | February 2009 - April 2009 | Increase | May 2009 - April 2010 | May 2008 - April 2009 | Increase | |
| Lots Offered | 371 | 380 | -2.4% | 1,684 | 1,391 | 21.1% | 5,968 | 6,024 | -0.9% |
| Lots Sold | 249 | 273 | -8.8% | 1,207 | 1,037 | 16.4% | 4,471 | 4,137 | 8.1% |
| Percent Sold | 67.1% | 71.8% | -6.5% | 71.7% | 74.6% | -3.9% | 74.9% | 67.7% | 10.6% |
| Total Raised | £28,197,650 | £27,222,149 | 3.6% | £270,887,625 | £260,602,400 | 3.9% | £1,197,302,427 | £1,010,841,048 | 18.4% |
Regional Auction Analysis
| As is usually the case, variations across all the measurable parameters can be seen across the regions. |
East Anglia
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 356 | 215 | 65.6% |
| Lots Sold | 245 | 154 | 59.1% |
| Percent Sold | 68.8% | 71.6% | -3.9% |
| Total Raised | £31,037,500 | £29,193,450 | 6.3% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 272 | 179 | 52.0% |
| Lots Sold | 189 | 128 | 47.7% |
| Percent Sold | 69.5% | 71.5% | -2.8% |
| Total Raised | £22,778,500 | £14,961,700 | 52.2% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 84 | 36 | 133.3% |
| Lots Sold | 56 | 26 | 115.4% |
| Percent Sold | 66.7% | 72.2% | -7.6% |
| Total Raised | £8,259,000 | £14,231,750 | -42.0% |
East Midlands
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 623 | 675 | -7.7% |
| Lots Sold | 453 | 510 | -11.2% |
| Percent Sold | 72.7% | 75.6% | -3.8% |
| Total Raised | £52,713,624 | £49,806,900 | 5.8% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 525 | 562 | -6.6% |
| Lots Sold | 382 | 431 | -11.4% |
| Percent Sold | 72.8% | 76.7% | -5.1% |
| Total Raised | £36,412,374 | £36,652,400 | -0.7% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 98 | 113 | -13.3% |
| Lots Sold | 71 | 79 | -10.1% |
| Percent Sold | 72.4% | 69.9% | 3.6% |
| Total Raised | £16,301,250 | £13,154,500 | 23.9% |
London
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 973 | 853 | 14.1% |
| Lots Sold | 763 | 690 | 10.6% |
| Percent Sold | 78.4% | 80.9% | -3.1% |
| Total Raised | £235,202,270 | £167,457,700 | 40.5% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 819 | 778 | 5.3% |
| Lots Sold | 642 | 631 | 1.7% |
| Percent Sold | 78.4% | 81.1% | -3.3% |
| Total Raised | £153,639,920 | £135,589,700 | 13.3% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 154 | 75 | 105.3% |
| Lots Sold | 121 | 59 | 105.1% |
| Percent Sold | 78.6% | 78.7% | -0.1% |
| Total Raised | £81,562,350 | £31,868,000 | 155.9% |
North-East
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 654 | 611 | 7.0% |
| Lots Sold | 279 | 345 | -19.1% |
| Percent Sold | 42.7% | 56.5% | -24.4% |
| Total Raised | £25,618,560 | £38,561,535 | -33.6% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 602 | 568 | 6.0% |
| Lots Sold | 246 | 314 | -21.7% |
| Percent Sold | 40.9% | 55.3% | -26.0% |
| Total Raised | £17,436,960 | £26,905,975 | -35.2% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 52 | 43 | 20.9% |
| Lots Sold | 33 | 31 | 6.5% |
| Percent Sold | 63.5% | 72.1% | -11.9% |
| Total Raised | £8,181,600 | £11,655,560 | -29.8% |
North-West
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 1,546 | 1,395 | 10.8% |
| Lots Sold | 1,046 | 947 | 10.5% |
| Percent Sold | 67.7% | 67.9% | -0.3% |
| Total Raised | £89,872,221 | £97,001,855 | -7.3% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 1,243 | 1,133 | 9.7% |
| Lots Sold | 849 | 770 | 10.3% |
| Percent Sold | 68.3% | 68% | 0.4% |
| Total Raised | £61,433,471 | £60,670,105 | 1.3% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 303 | 262 | 15.6% |
| Lots Sold | 197 | 177 | 11.3% |
| Percent Sold | 65% | 67.6% | -3.8% |
| Total Raised | £28,438,750 | £36,331,750 | -21.7% |
North-West Home Counties
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 431 | 391 | 10.2% |
| Lots Sold | 309 | 283 | 9.2% |
| Percent Sold | 71.7% | 72.4% | -1.0% |
| Total Raised | £68,989,325 | £60,610,500 | 13.8% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 287 | 322 | -10.9% |
| Lots Sold | 208 | 235 | -11.5% |
| Percent Sold | 72.5% | 73% | -0.7% |
| Total Raised | £41,122,500 | £37,006,250 | 11.1% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 144 | 69 | 108.7% |
| Lots Sold | 101 | 48 | 110.4% |
| Percent Sold | 70.1% | 69.6% | 0.7% |
| Total Raised | £27,866,825 | £23,604,250 | 18.1% |
Scotland
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 181 | 195 | -7.2% |
| Lots Sold | 120 | 120 | 0.0% |
| Percent Sold | 66.3% | 61.5% | 7.8% |
| Total Raised | £10,710,782 | £11,673,835 | -8.2% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 107 | 112 | -4.5% |
| Lots Sold | 63 | 67 | -6.0% |
| Percent Sold | 58.9% | 59.8% | -1.5% |
| Total Raised | £4,552,782 | £5,133,585 | -11.3% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 74 | 83 | -10.8% |
| Lots Sold | 57 | 53 | 7.5% |
| Percent Sold | 77% | 63.9% | 20.5% |
| Total Raised | £6,158,000 | £6,540,250 | -5.8% |
South-East Home Counties
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 995 | 1,011 | -1.6% |
| Lots Sold | 757 | 809 | -6.4% |
| Percent Sold | 76.1% | 80% | -4.9% |
| Total Raised | £130,827,050 | £130,389,640 | 0.3% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 760 | 821 | -7.4% |
| Lots Sold | 590 | 657 | -10.2% |
| Percent Sold | 77.6% | 80% | -3.0% |
| Total Raised | £91,166,650 | £82,587,640 | 10.4% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 235 | 190 | 23.7% |
| Lots Sold | 167 | 152 | 9.9% |
| Percent Sold | 71.1% | 80% | -11.1% |
| Total Raised | £39,660,400 | £47,802,000 | -17.0% |
South-West
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 607 | 565 | 7.4% |
| Lots Sold | 441 | 464 | -5.0% |
| Percent Sold | 72.7% | 82.1% | -11.4% |
| Total Raised | £63,268,899 | £66,068,999 | -4.2% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 447 | 405 | 10.4% |
| Lots Sold | 307 | 324 | -5.2% |
| Percent Sold | 68.7% | 80% | -14.1% |
| Total Raised | £46,002,299 | £43,960,650 | 4.6% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 160 | 160 | 0.0% |
| Lots Sold | 134 | 140 | -4.3% |
| Percent Sold | 83.8% | 87.5% | -4.2% |
| Total Raised | £17,266,600 | £22,108,349 | -21.9% |
Wales
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 573 | 546 | 4.9% |
| Lots Sold | 364 | 400 | -9.0% |
| Percent Sold | 63.5% | 73.3% | -13.4% |
| Total Raised | £30,194,900 | £40,932,100 | -26.2% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 464 | 423 | 9.7% |
| Lots Sold | 293 | 300 | -2.3% |
| Percent Sold | 63.1% | 70.9% | -11.0% |
| Total Raised | £22,998,400 | £23,947,350 | -4.0% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 109 | 123 | -11.4% |
| Lots Sold | 71 | 100 | -29.0% |
| Percent Sold | 65.1% | 81.3% | -19.9% |
| Total Raised | £7,196,500 | £16,984,750 | -57.6% |
West Midlands
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 801 | 739 | 8.4% |
| Lots Sold | 581 | 541 | 7.4% |
| Percent Sold | 72.5% | 73.2% | -1.0% |
| Total Raised | £59,284,426 | £50,290,000 | 17.9% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 652 | 619 | 5.3% |
| Lots Sold | 469 | 454 | 3.3% |
| Percent Sold | 71.9% | 73.3% | -1.9% |
| Total Raised | £42,665,176 | £34,987,500 | 21.9% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 149 | 120 | 24.2% |
| Lots Sold | 112 | 87 | 28.7% |
| Percent Sold | 75.2% | 72.5% | 3.7% |
| Total Raised | £16,619,250 | £15,302,500 | 8.6% |
Yorkshire and The Humber
| Total | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 779 | 832 | -6.4% |
| Lots Sold | 526 | 632 | -16.8% |
| Percent Sold | 67.5% | 76% | -11.2% |
| Total Raised | £49,945,060 | £67,415,646 | -25.9% |
| Residential | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 657 | 715 | -8.1% |
| Lots Sold | 439 | 547 | -19.7% |
| Percent Sold | 66.8% | 76.5% | -12.7% |
| Total Raised | £36,567,960 | £46,396,905 | -21.2% |
| Commercial | |||
|---|---|---|---|
| February 2010 - April 2010 | February 2009 - April 2009 | Increase | |
| Lots Offered | 122 | 117 | 4.3% |
| Lots Sold | 87 | 85 | 2.4% |
| Percent Sold | 71.3% | 72.6% | -1.8% |
| Total Raised | £13,377,100 | £21,018,741 | -36.4% |
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. |