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Welcome to the August newsletter giving a summary of the results for July 2006. As predicted in the last newsletter, July was a very busy month with the most number of auctions and lots that we have covered in a single month since we started keeping records 16 years ago.
Summer madness!
Many of you will have been greeted with our 'Summer Madness' page when you have logged into the site. We have had a huge response by way of requests and suggestions and the IT team are hard at work looking at them and devising ways of implementing the ideas that you, our clients, have come up with. Many thanks for all the suggestions and keep them coming. Next month I will be able to give you news on what changes we will be making to the site based on these suggestions.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
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Essential Auction News
150 property auctions were held throughout the UK in July 2006.
We will compare these results to those of July 2005.
There is also a regional breakdown of statistics, and a detailed analysis of the type of properties offered and sold at auction.
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Overall Statistics July 2006
| Number of Auctions Held in the UK |
150 |
| Total Lots Offered |
4,346 |
| Total Lots Sold |
3,093 |
| Percent Sold |
71% |
| Total Realised |
£710,745,493 |
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National Auction Analysis
July 06 saw a 15% increase over July 05 in both the number of lots offered and the amount raised. The sales rate eased from 73% July 05 to 71% July 06. This trend has reversed for year on year figures with the sold rate moving from 71% for 04-05 to 73% for 05-06. Interestingly, the number of lots offered increased by 7% year on year and the amount raised went up 21% to just under £5 billion
| National Breakdown |
| |
Last Month |
Last Quarter |
Last Year |
| |
July 2006 |
July 2005 |
April-July 2006 |
April-July 2005 |
August 2005-July 2006 |
August 2004-July 2005 |
| Lots Offered |
4,346 |
3,788 |
10,415 |
9,531 |
32,794 |
30,598 |
| Lots Sold |
3,093 |
2,798 |
7,500 |
6,838 |
24,057 |
21,757 |
| Total Raised |
£710,745,493 |
£618,019,230 |
£1,683,247,130 |
£1,338,685,073 |
£4,962,061,890 |
£4,089,078,863 |
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Regional Auction Analysis
Big increases were seen when comparing July 05 and July 06 in the number of lots offered in several regions. East midlands was up 69%, North West up 47%, Northern England up 66% and Wales up 36%. We are seeing more new regional auction houses and existing ones with larger catalogues and this may well be the reason for the increase.
| Regional Breakdown |
| Location Map |
Lots Offered |
Lots Sold |
Total Raised |
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July 2006 |
July 2005 |
July 2006 |
July 2005 |
July 2006 |
July 2005 |
| East Anglia |
104 |
94 |
73 |
75 |
£16,705,050 |
£21,558,000 |
| East Midlands |
310 |
183 |
236 |
124 |
£42,240,200 |
£31,334,500 |
| London |
590 |
584 |
477 |
464 |
£151,270,950 |
£121,124,800 |
| North-East |
325 |
301 |
235 |
205 |
£39,164,565 |
£38,510,825 |
| North-West |
617 |
421 |
418 |
287 |
£66,551,375 |
£55,088,855 |
| North-West Home Counties |
272 |
271 |
195 |
195 |
£74,338,350 |
£69,878,600 |
| Northern England |
290 |
175 |
128 |
104 |
£18,621,500 |
£11,416,600 |
| Northern Ireland |
2 |
0 |
0 |
0 |
£0 |
£0 |
| Scotland |
27 |
44 |
18 |
39 |
£16,141,000 |
£18,597,500 |
| South-East Home Counties |
666 |
678 |
513 |
534 |
£135,269,300 |
£120,835,500 |
| South-West |
345 |
316 |
252 |
240 |
£58,313,901 |
£57,745,000 |
| Wales |
274 |
202 |
189 |
150 |
£32,339,700 |
£25,735,400 |
| West Midlands |
524 |
519 |
359 |
381 |
£59,789,602 |
£46,193,650 |
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News and developments on the web site
Are you using the AuctionElert service effectively??
With an Auction elert set up you simply enter the types of property you are looking for and as soon as one is entered on our database we e mail you to tell you about it. As soon as it has been offered another e mail goes out to you with the results. No more missed lots!!
To see how to set one up click on http://www.eigroup.co.uk/subscribers/tutorials.asp and watch "Make the most out of Auction Elert".
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Your comments
If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would love to hear from you. So please
email us
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