Essential Auction News
|
Welcome to the November newsletter that looks at auctions held in October 2011 and the rolling quarterly and yearly figures. An overall 'Sale Rate' of 72.2% (up from 63.8% in October 2010) continues the positive signs we have been seeing over the last 6-9 months. Whilst there has been a slight reduction in 'Lots Offered' and 'Amounts Raised' in October 2011 when compared with October 2010, the number of 'Lots Sold' actually increased in both sectors across all 3 periods, and the 'Percent Sold' followed suit.
One reason for this could be the continued focus of auctioneers on setting realistic reserves and being more selective in the instructions they take. This would account for the figures witnessed below. As ever I welcome any comments you may have on this or indeed the wider market itself. Kind regards David Sandeman Managing Director davids@eigroup.co.uk 01737 232 289 |
National Auction Analysis
| The reduction in 'Lots Offered' and 'Amounts Raised' in October was predominantly due to falls in the residential market (down by 11.3% and 9.9% respectively). However, 73% of the lots that were offered went on to sell - an increase of over 16% on October 2010, and the commercial market also touched on 70% (a 5% increase).
The longer term outlook deduced from the quarterly and yearly sections show broadly positive figures, with only very slight reductions in the commercial 'Amounts Raised' for the month and year. As has been the case in the past few months, overall it is an encouraging set of results, with positive increases seen in the majority of metrics. |
Total
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| October 2011 | October 2010 | Increase | August 2011 - October 2011 | August 2010 - October 2010 | Increase | November 2010 - October 2011 | November 2009 - October 2010 | Increase | |
| Lots Offered | 3,329 | 3,515 | -5.3% | 8,191 | 8,073 | 1.5% | 32,453 | 31,382 | 3.4% |
| Lots Sold | 2,402 | 2,241 | 7.2% | 5,905 | 5,263 | 12.2% | 23,519 | 21,625 | 8.8% |
| Percent Sold | 72.2% | 63.8% | 13.2% | 72.1% | 65.2% | 10.6% | 72.5% | 68.9% | 5.2% |
| Total Raised | £366,866,240 | £394,388,174 | -7.0% | £770,482,784 | £732,006,304 | 5.3% | £3,351,375,426 | £3,305,649,719 | 1.4% |
Residential
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| October 2011 | October 2010 | Increase | August 2011 - October 2011 | August 2010 - October 2010 | Increase | November 2010 - October 2011 | November 2009 - October 2010 | Increase | |
| Lots Offered | 2,408 | 2,716 | -11.3% | 6,442 | 6,528 | -1.3% | 26,055 | 25,004 | 4.2% |
| Lots Sold | 1,759 | 1,709 | 2.9% | 4,681 | 4,246 | 10.2% | 18,891 | 17,136 | 10.2% |
| Percent Sold | 73% | 62.9% | 16.1% | 72.7% | 65% | 11.8% | 72.5% | 68.5% | 5.8% |
| Total Raised | £222,656,840 | £247,208,124 | -9.9% | £546,151,729 | £526,251,404 | 3.8% | £2,270,387,958 | £2,198,279,675 | 3.3% |
Commercial
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| October 2011 | October 2010 | Increase | August 2011 - October 2011 | August 2010 - October 2010 | Increase | November 2010 - October 2011 | November 2009 - October 2010 | Increase | |
| Lots Offered | 919 | 799 | 15.0% | 1,728 | 1,545 | 11.8% | 6,398 | 6,375 | 0.4% |
| Lots Sold | 642 | 532 | 20.7% | 1,211 | 1,017 | 19.1% | 4,628 | 4,489 | 3.1% |
| Percent Sold | 69.9% | 66.6% | 5.0% | 70.1% | 65.8% | 6.5% | 72.3% | 70.4% | 2.7% |
| Total Raised | £144,178,900 | £147,180,050 | -2.0% | £223,392,555 | £205,754,900 | 8.6% | £1,080,987,468 | £1,107,370,044 | -2.4% |
Regional Auction Analysis
| As is usually the case, variations across all the measurable parameters can be seen across the regions. |
East Anglia
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 200 | 256 | -21.9% |
| Lots Sold | 146 | 182 | -19.8% |
| Percent Sold | 73% | 71.1% | 2.7% |
| Total Raised | £20,887,500 | £25,561,950 | -18.3% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 141 | 214 | -34.1% |
| Lots Sold | 103 | 152 | -32.2% |
| Percent Sold | 73% | 71% | 2.8% |
| Total Raised | £15,733,000 | £17,037,250 | -7.7% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 59 | 42 | 40.5% |
| Lots Sold | 43 | 30 | 43.3% |
| Percent Sold | 72.9% | 71.4% | 2.1% |
| Total Raised | £5,154,500 | £8,524,700 | -39.5% |
East Midlands
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 685 | 647 | 5.9% |
| Lots Sold | 510 | 443 | 15.1% |
| Percent Sold | 74.5% | 68.5% | 8.8% |
| Total Raised | £56,682,612 | £42,930,975 | 32.0% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 516 | 525 | -1.7% |
| Lots Sold | 389 | 361 | 7.8% |
| Percent Sold | 75.4% | 68.8% | 9.6% |
| Total Raised | £33,448,812 | £32,324,475 | 3.5% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 169 | 122 | 38.5% |
| Lots Sold | 121 | 82 | 47.6% |
| Percent Sold | 71.6% | 67.2% | 6.5% |
| Total Raised | £23,233,800 | £10,606,500 | 119.1% |
London
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 744 | 937 | -20.6% |
| Lots Sold | 577 | 679 | -15.0% |
| Percent Sold | 77.6% | 72.5% | 7.0% |
| Total Raised | £160,470,325 | £220,521,350 | -27.2% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 661 | 812 | -18.6% |
| Lots Sold | 516 | 585 | -11.8% |
| Percent Sold | 78.1% | 72% | 8.5% |
| Total Raised | £129,206,825 | £168,814,300 | -23.5% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 83 | 125 | -33.6% |
| Lots Sold | 61 | 94 | -35.1% |
| Percent Sold | 73.5% | 75.2% | -2.3% |
| Total Raised | £31,263,500 | £51,707,050 | -39.5% |
North-East
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 735 | 646 | 13.8% |
| Lots Sold | 520 | 337 | 54.3% |
| Percent Sold | 70.7% | 52.2% | 35.4% |
| Total Raised | £43,643,419 | £28,137,815 | 55.1% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 670 | 599 | 11.9% |
| Lots Sold | 481 | 314 | 53.2% |
| Percent Sold | 71.8% | 52.4% | 37.0% |
| Total Raised | £37,528,119 | £22,627,815 | 65.8% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 65 | 47 | 38.3% |
| Lots Sold | 39 | 23 | 69.6% |
| Percent Sold | 60% | 48.9% | 22.7% |
| Total Raised | £6,115,300 | £5,510,000 | 11.0% |
North-West
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 1,435 | 1,417 | 1.3% |
| Lots Sold | 998 | 895 | 11.5% |
| Percent Sold | 69.5% | 63.2% | 10.0% |
| Total Raised | £89,094,190 | £84,684,646 | 5.2% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 1,106 | 1,039 | 6.4% |
| Lots Sold | 778 | 662 | 17.5% |
| Percent Sold | 70.3% | 63.7% | 10.4% |
| Total Raised | £58,050,835 | £53,809,896 | 7.9% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 329 | 378 | -13.0% |
| Lots Sold | 220 | 233 | -5.6% |
| Percent Sold | 66.9% | 61.6% | 8.6% |
| Total Raised | £31,043,355 | £30,874,750 | 0.5% |
North-West Home Counties
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 345 | 355 | -2.8% |
| Lots Sold | 270 | 253 | 6.7% |
| Percent Sold | 78.3% | 71.3% | 9.8% |
| Total Raised | £61,750,495 | £48,994,900 | 26.0% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 273 | 292 | -6.5% |
| Lots Sold | 218 | 211 | 3.3% |
| Percent Sold | 79.9% | 72.3% | 10.5% |
| Total Raised | £39,818,995 | £35,209,150 | 13.1% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 72 | 63 | 14.3% |
| Lots Sold | 52 | 42 | 23.8% |
| Percent Sold | 72.2% | 66.7% | 8.2% |
| Total Raised | £21,931,500 | £13,785,750 | 59.1% |
Scotland
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 98 | 135 | -27.4% |
| Lots Sold | 47 | 87 | -46.0% |
| Percent Sold | 48% | 64.4% | -25.5% |
| Total Raised | £4,049,966 | £6,626,375 | -38.9% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 66 | 110 | -40.0% |
| Lots Sold | 31 | 72 | -56.9% |
| Percent Sold | 47% | 65.5% | -28.2% |
| Total Raised | £1,464,366 | £4,270,375 | -65.7% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 32 | 25 | 28.0% |
| Lots Sold | 16 | 15 | 6.7% |
| Percent Sold | 50% | 60% | -16.7% |
| Total Raised | £2,585,600 | £2,356,000 | 9.7% |
South-East Home Counties
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 892 | 838 | 6.4% |
| Lots Sold | 663 | 590 | 12.4% |
| Percent Sold | 74.3% | 70.4% | 5.5% |
| Total Raised | £103,824,480 | £91,623,945 | 13.3% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 699 | 670 | 4.3% |
| Lots Sold | 525 | 480 | 9.4% |
| Percent Sold | 75.1% | 71.6% | 4.9% |
| Total Raised | £75,130,730 | £65,104,445 | 15.4% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 193 | 168 | 14.9% |
| Lots Sold | 138 | 110 | 25.5% |
| Percent Sold | 71.5% | 65.5% | 9.2% |
| Total Raised | £28,693,750 | £26,519,500 | 8.2% |
South-West
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 680 | 617 | 10.2% |
| Lots Sold | 482 | 396 | 21.7% |
| Percent Sold | 70.9% | 64.2% | 10.4% |
| Total Raised | £71,260,700 | £55,722,750 | 27.9% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 462 | 450 | 2.7% |
| Lots Sold | 309 | 270 | 14.4% |
| Percent Sold | 66.9% | 60% | 11.5% |
| Total Raised | £41,964,200 | £35,254,700 | 19.0% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 218 | 167 | 30.5% |
| Lots Sold | 173 | 126 | 37.3% |
| Percent Sold | 79.4% | 75.4% | 5.3% |
| Total Raised | £29,296,500 | £20,468,050 | 43.1% |
Wales
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 556 | 671 | -17.1% |
| Lots Sold | 387 | 394 | -1.8% |
| Percent Sold | 69.6% | 58.7% | 18.6% |
| Total Raised | £28,059,697 | £31,629,956 | -11.3% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 431 | 534 | -19.3% |
| Lots Sold | 308 | 311 | -1.0% |
| Percent Sold | 71.5% | 58.2% | 22.9% |
| Total Raised | £21,584,547 | £20,685,706 | 4.3% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 125 | 137 | -8.8% |
| Lots Sold | 79 | 83 | -4.8% |
| Percent Sold | 63.2% | 60.6% | 4.3% |
| Total Raised | £6,475,150 | £10,944,250 | -40.8% |
West Midlands
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 882 | 758 | 16.4% |
| Lots Sold | 666 | 482 | 38.2% |
| Percent Sold | 75.5% | 63.6% | 18.7% |
| Total Raised | £75,444,850 | £51,508,396 | 46.5% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 639 | 610 | 4.8% |
| Lots Sold | 493 | 388 | 27.1% |
| Percent Sold | 77.2% | 63.6% | 21.4% |
| Total Raised | £48,531,250 | £36,973,346 | 31.3% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 243 | 148 | 64.2% |
| Lots Sold | 173 | 94 | 84.0% |
| Percent Sold | 71.2% | 63.5% | 12.1% |
| Total Raised | £26,913,600 | £14,535,050 | 85.2% |
Yorkshire and The Humber
| Total | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 810 | 688 | 17.7% |
| Lots Sold | 556 | 484 | 14.9% |
| Percent Sold | 68.6% | 70.3% | -2.4% |
| Total Raised | £49,193,050 | £42,218,496 | 16.5% |
| Residential | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 670 | 565 | 18.6% |
| Lots Sold | 460 | 399 | 15.3% |
| Percent Sold | 68.7% | 70.6% | -2.7% |
| Total Raised | £38,507,050 | £32,295,196 | 19.2% |
| Commercial | |||
|---|---|---|---|
| August 2011 - October 2011 | August 2010 - October 2010 | Increase | |
| Lots Offered | 140 | 123 | 13.8% |
| Lots Sold | 96 | 85 | 12.9% |
| Percent Sold | 68.6% | 69.1% | -0.7% |
| Total Raised | £10,686,000 | £9,923,300 | 7.7% |
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 email us anytime. |