Essential Auction News
|
Welcome to the first newsletter of 2012 which looks back at auction activity in December 2011 and the rolling quarterly and yearly periods. I am pleased to report that December's results are largely positive, building on the growth seen throughout 2011.
I am in the process of compiling the annual market report which compares 2011 against the previous 4 years and will also contain analysis of regional variations. I hope to have this published early next week so please look out for that. Finally may I take this opportunity to wish you a happy and prosperous new year! Kind regards David Sandeman Managing Director davids@eigroup.co.uk 01737 232 289 |
National Auction Analysis
| Another strong set of results in December epitomizes the trends witnessed throughout 2011. Increases were seen in both the number of lots offered and lots sold (up 3.7% and 8.1% respectively), and the sale rate of over 72% is only marginally below the annual rate of 74%. Overall total raised in December was down 13% (mainly due to a sizeable fall in commercial property receipts), however the longer term outlook seen in the quarterly and yearly figures remains encouraging.
Once again the residential sector showed growth in the majority of metrics measured, with notable increases seen in the volume of lots sold and the percent sold. December's figures for commercial property were down against December 2010, but as noted before the quarterly and yearly figures fared much better with rises seen in every metric save for amounts raised. |
Total
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| December 2011 | December 2010 | Increase | October 2011 - December 2011 | October 2010 - December 2010 | Increase | January 2011 - December 2011 | January 2010 - December 2010 | Increase | |
| Lots Offered | 3,391 | 3,270 | 3.7% | 8,841 | 8,890 | -0.6% | 32,646 | 31,457 | 3.8% |
| Lots Sold | 2,448 | 2,265 | 8.1% | 6,397 | 5,927 | 7.9% | 24,125 | 22,015 | 9.6% |
| Percent Sold | 72.2% | 69.3% | 4.2% | 72.4% | 66.7% | 8.5% | 73.9% | 70% | 5.6% |
| Total Raised | £341,255,671 | £393,650,687 | -13.3% | £928,218,126 | £962,381,754 | -3.5% | £3,425,149,984 | £3,350,664,429 | 2.2% |
Residential
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| December 2011 | December 2010 | Increase | October 2011 - December 2011 | October 2010 - December 2010 | Increase | January 2011 - December 2011 | January 2010 - December 2010 | Increase | |
| Lots Offered | 2,744 | 2,614 | 5.0% | 6,832 | 7,152 | -4.5% | 26,105 | 25,269 | 3.3% |
| Lots Sold | 1,996 | 1,787 | 11.7% | 4,959 | 4,707 | 5.4% | 19,312 | 17,550 | 10.0% |
| Percent Sold | 72.7% | 68.4% | 6.3% | 72.6% | 65.8% | 10.3% | 74% | 69.5% | 6.5% |
| Total Raised | £234,674,502 | £224,756,905 | 4.4% | £587,638,696 | £606,939,472 | -3.2% | £2,306,652,313 | £2,223,594,385 | 3.7% |
Commercial
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| December 2011 | December 2010 | Increase | October 2011 - December 2011 | October 2010 - December 2010 | Increase | January 2011 - December 2011 | January 2010 - December 2010 | Increase | |
| Lots Offered | 634 | 656 | -3.4% | 1,988 | 1,738 | 14.4% | 6,541 | 6,185 | 5.8% |
| Lots Sold | 444 | 478 | -7.1% | 1,429 | 1,220 | 17.1% | 4,813 | 4,465 | 7.8% |
| Percent Sold | 70% | 72.9% | -4.0% | 71.9% | 70.2% | 2.4% | 73.6% | 72.2% | 1.9% |
| Total Raised | £105,863,669 | £168,893,782 | -37.3% | £339,831,430 | £355,442,282 | -4.4% | £1,118,497,671 | £1,127,070,044 | -0.8% |
Regional Auction Analysis
| As is usually the case, variations across all the measurable parameters can be seen across the regions. |
East Anglia
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 281 | 273 | 2.9% |
| Lots Sold | 217 | 181 | 19.9% |
| Percent Sold | 77.2% | 66.3% | 16.4% |
| Total Raised | £30,769,000 | £26,738,950 | 15.1% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 210 | 223 | -5.8% |
| Lots Sold | 165 | 142 | 16.2% |
| Percent Sold | 78.6% | 63.7% | 23.4% |
| Total Raised | £20,052,500 | £15,368,000 | 30.5% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 71 | 50 | 42.0% |
| Lots Sold | 52 | 39 | 33.3% |
| Percent Sold | 73.2% | 78% | -6.2% |
| Total Raised | £10,716,500 | £11,370,950 | -5.8% |
East Midlands
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 691 | 706 | -2.1% |
| Lots Sold | 526 | 507 | 3.7% |
| Percent Sold | 76.1% | 71.8% | 6.0% |
| Total Raised | £59,769,263 | £56,808,595 | 5.2% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 507 | 575 | -11.8% |
| Lots Sold | 396 | 421 | -5.9% |
| Percent Sold | 78.1% | 73.2% | 6.7% |
| Total Raised | £33,541,463 | £37,666,845 | -11.0% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 184 | 131 | 40.5% |
| Lots Sold | 130 | 86 | 51.2% |
| Percent Sold | 70.7% | 65.6% | 7.8% |
| Total Raised | £26,227,800 | £19,141,750 | 37.0% |
London
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 815 | 1,091 | -25.3% |
| Lots Sold | 669 | 824 | -18.8% |
| Percent Sold | 82.1% | 75.5% | 8.7% |
| Total Raised | £214,804,975 | £301,312,801 | -28.7% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 683 | 892 | -23.4% |
| Lots Sold | 565 | 668 | -15.4% |
| Percent Sold | 82.7% | 74.9% | 10.4% |
| Total Raised | £158,307,375 | £201,746,950 | -21.5% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 132 | 199 | -33.7% |
| Lots Sold | 104 | 156 | -33.3% |
| Percent Sold | 78.8% | 78.4% | 0.5% |
| Total Raised | £56,497,600 | £99,565,851 | -43.3% |
North-East
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 681 | 735 | -7.3% |
| Lots Sold | 487 | 374 | 30.2% |
| Percent Sold | 71.5% | 50.9% | 40.5% |
| Total Raised | £41,627,700 | £31,529,792 | 32.0% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 610 | 677 | -9.9% |
| Lots Sold | 432 | 338 | 27.8% |
| Percent Sold | 70.8% | 49.9% | 41.9% |
| Total Raised | £32,044,900 | £24,135,792 | 32.8% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 71 | 58 | 22.4% |
| Lots Sold | 55 | 36 | 52.8% |
| Percent Sold | 77.5% | 62.1% | 24.8% |
| Total Raised | £9,582,800 | £7,394,000 | 29.6% |
North-West
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 1,624 | 1,352 | 20.1% |
| Lots Sold | 1,153 | 880 | 31.0% |
| Percent Sold | 71% | 65.1% | 9.1% |
| Total Raised | £105,265,835 | £90,169,810 | 16.7% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 1,222 | 1,056 | 15.7% |
| Lots Sold | 884 | 688 | 28.5% |
| Percent Sold | 72.3% | 65.2% | 10.9% |
| Total Raised | £62,142,964 | £60,984,110 | 1.9% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 402 | 296 | 35.8% |
| Lots Sold | 269 | 192 | 40.1% |
| Percent Sold | 66.9% | 64.9% | 3.1% |
| Total Raised | £43,122,871 | £29,185,700 | 47.8% |
North-West Home Counties
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 381 | 397 | -4.0% |
| Lots Sold | 286 | 290 | -1.4% |
| Percent Sold | 75.1% | 73% | 2.9% |
| Total Raised | £72,986,145 | £76,835,626 | -5.0% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 286 | 301 | -5.0% |
| Lots Sold | 214 | 219 | -2.3% |
| Percent Sold | 74.8% | 72.8% | 2.7% |
| Total Raised | £38,685,145 | £43,855,600 | -11.8% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 95 | 96 | -1.0% |
| Lots Sold | 72 | 71 | 1.4% |
| Percent Sold | 75.8% | 74% | 2.4% |
| Total Raised | £34,301,000 | £32,980,026 | 4.0% |
Scotland
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 271 | 272 | -0.4% |
| Lots Sold | 106 | 124 | -14.5% |
| Percent Sold | 39.1% | 45.6% | -14.3% |
| Total Raised | £12,117,955 | £13,513,700 | -10.3% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 197 | 219 | -10.0% |
| Lots Sold | 73 | 95 | -23.2% |
| Percent Sold | 37.1% | 43.4% | -14.5% |
| Total Raised | £5,408,055 | £6,117,100 | -11.6% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 74 | 53 | 39.6% |
| Lots Sold | 33 | 29 | 13.8% |
| Percent Sold | 44.6% | 54.7% | -18.5% |
| Total Raised | £6,709,900 | £7,396,600 | -9.3% |
South-East Home Counties
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 1,004 | 1,039 | -3.4% |
| Lots Sold | 776 | 754 | 2.9% |
| Percent Sold | 77.3% | 72.6% | 6.5% |
| Total Raised | £156,012,888 | £135,944,896 | 14.8% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 758 | 780 | -2.8% |
| Lots Sold | 584 | 555 | 5.2% |
| Percent Sold | 77% | 71.2% | 8.1% |
| Total Raised | £88,213,438 | £76,869,596 | 14.8% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 246 | 259 | -5.0% |
| Lots Sold | 192 | 199 | -3.5% |
| Percent Sold | 78% | 76.8% | 1.6% |
| Total Raised | £67,799,450 | £59,075,300 | 14.8% |
South-West
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 684 | 617 | 10.9% |
| Lots Sold | 474 | 443 | 7.0% |
| Percent Sold | 69.3% | 71.8% | -3.5% |
| Total Raised | £64,118,052 | £73,106,750 | -12.3% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 478 | 450 | 6.2% |
| Lots Sold | 318 | 313 | 1.6% |
| Percent Sold | 66.5% | 69.6% | -4.5% |
| Total Raised | £40,634,552 | £43,084,000 | -5.7% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 206 | 167 | 23.4% |
| Lots Sold | 156 | 130 | 20.0% |
| Percent Sold | 75.7% | 77.8% | -2.7% |
| Total Raised | £23,483,500 | £30,022,750 | -21.8% |
Wales
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 531 | 719 | -26.1% |
| Lots Sold | 367 | 468 | -21.6% |
| Percent Sold | 69.1% | 65.1% | 6.1% |
| Total Raised | £30,372,783 | £38,351,898 | -20.8% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 406 | 591 | -31.3% |
| Lots Sold | 279 | 385 | -27.5% |
| Percent Sold | 68.7% | 65.1% | 5.5% |
| Total Raised | £19,931,049 | £25,505,603 | -21.9% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 125 | 128 | -2.3% |
| Lots Sold | 88 | 83 | 6.0% |
| Percent Sold | 70.4% | 64.8% | 8.6% |
| Total Raised | £10,441,734 | £12,846,295 | -18.7% |
West Midlands
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 907 | 776 | 16.9% |
| Lots Sold | 676 | 478 | 41.4% |
| Percent Sold | 74.5% | 61.6% | 20.9% |
| Total Raised | £79,724,350 | £56,338,001 | 41.5% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 682 | 626 | 8.9% |
| Lots Sold | 506 | 387 | 30.7% |
| Percent Sold | 74.2% | 61.8% | 20.1% |
| Total Raised | £47,163,850 | £35,229,401 | 33.9% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 225 | 150 | 50.0% |
| Lots Sold | 170 | 91 | 86.8% |
| Percent Sold | 75.6% | 60.7% | 24.5% |
| Total Raised | £32,560,500 | £21,108,600 | 54.3% |
Yorkshire and The Humber
| Total | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 826 | 798 | 3.5% |
| Lots Sold | 592 | 565 | 4.8% |
| Percent Sold | 71.7% | 70.8% | 1.3% |
| Total Raised | £56,272,180 | £59,345,085 | -5.2% |
| Residential | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 669 | 647 | 3.4% |
| Lots Sold | 484 | 457 | 5.9% |
| Percent Sold | 72.3% | 70.6% | 2.4% |
| Total Raised | £37,884,405 | £33,990,625 | 11.5% |
| Commercial | |||
|---|---|---|---|
| October 2011 - December 2011 | October 2010 - December 2010 | Increase | |
| Lots Offered | 157 | 151 | 4.0% |
| Lots Sold | 108 | 108 | 0.0% |
| Percent Sold | 68.8% | 71.5% | -3.8% |
| Total Raised | £18,387,775 | £25,354,460 | -27.5% |
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. |