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Welcome to the July newsletter giving a summary of the results for June 2006. As predicted in the last newsletter, June was a relatively quiet month ahead of the July rush. We are covering in July.
At the end of this newsletter are two interesting graphs showing the increase in the number of auction houses and the number of auctions that we have covered over the past 5 years.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
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Essential Auction News
122 property auctions were held throughout the UK in June 2006.
We will compare these results to those of June 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 June 2006
| Number of Auctions Held in the UK |
122 |
| Total Lots Offered |
2,495 |
| Total Lots Sold |
1,804 |
| Percent Sold |
72% |
| Total Realised |
£269,723,334 |
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National Auction Analysis
Comparing June 06 with June 05, the number of lots offered fell by 5% but the percentage sold increased by 3%. Additionally the amount raised increased by 10% as well.
The rolling quarterly and yearly comparisons however improved in all areas, with the 'year on year' amount raised increasing by 10% and sale rate improving from 70% to 73%.
| National Breakdown |
| |
Last Month |
Last Quarter |
Last Year |
| |
June 2006 |
June 2005 |
March-June 2006 |
March-June 2005 |
July 2005-June 2006 |
July 2004-June 2005 |
| Lots Offered |
2,495 |
2,640 |
8,841 |
8,305 |
32,236 |
31,170 |
| Lots Sold |
1,804 |
1,839 |
6,469 |
5,923 |
23,725 |
22,038 |
| Total Raised |
£269,723,334 |
£245,650,343 |
£1,268,070,573 |
£1,107,980,932 |
£4,864,753,127 |
£4,109,796,678 |
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Regional Auction Analysis
The individual figures for the regions for June 05 and June 06 are broadly similar with no major variations being apparent. The only notable exception is the East Midlands which saw a 33% increase in the number of lots offered and the value of lots sold almost double to £19.3M.
| Regional Breakdown |
| Location Map |
Lots Offered |
Lots Sold |
Total Raised |
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June 2006 |
June 2005 |
June 2006 |
June 2005 |
June 2006 |
June 2005 |
| East Anglia |
54 |
51 |
40 |
36 |
£7,175,750 |
£5,565,500 |
| East Midlands |
198 |
150 |
150 |
92 |
£19,328,550 |
£10,362,250 |
| London |
236 |
254 |
212 |
208 |
£52,934,200 |
£54,841,445 |
| North-East |
235 |
244 |
162 |
171 |
£17,235,750 |
£14,201,600 |
| North-West |
475 |
564 |
332 |
353 |
£45,500,889 |
£34,811,400 |
| North-West Home Counties |
66 |
70 |
51 |
57 |
£8,712,650 |
£10,609,200 |
| Northern England |
172 |
208 |
58 |
108 |
£4,085,700 |
£10,856,700 |
| Northern Ireland |
1 |
3 |
1 |
3 |
£108,000 |
£330,000 |
| Scotland |
89 |
84 |
77 |
73 |
£3,812,950 |
£3,762,850 |
| South-East Home Counties |
340 |
394 |
260 |
294 |
£47,625,650 |
£47,609,300 |
| South-West |
182 |
209 |
122 |
131 |
£21,701,445 |
£20,736,599 |
| Wales |
168 |
112 |
121 |
87 |
£12,161,950 |
£8,085,599 |
| West Midlands |
279 |
297 |
218 |
226 |
£29,339,850 |
£23,877,900 |
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Auctioneers and auctions covered by Essential Information Group
Initially when the company was started in 1990, we only covered the activities of London Auctioneers. However, in 1994 a program of covering all regional auctioneers commenced, starting with the larger ones and then focusing on the smaller auction houses. You will see from the graph how the number of auction houses and auctions we cover has dramatically increased as we find new auction houses.
In our search for new auction houses we scour over 40 local newspapers, search the web, are approached by auctioneers themselves and of course are advised of new ones by you, our clients.
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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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