Welcome to the March news letter giving a summary of results for February
2006. With the Christmas holidays well behind us, the level of activity
was as expected well up on January and above average for a normal trading
month with over £600 million pounds being raised.
This month's graph shows how the number of residential lots sold at auction
over the last 5 years has steadily increased, whilst private treaty
sales, having peaked in 2002, have now fallen back to 2000 levels.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
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Essential Auction News
94 property auctions were held throughout the UK in February 2006.
We will compare these results to those of February 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 February 2006
| Number of Auctions Held in the UK |
94 |
| Total Lots Offered |
3,562 |
| Total Lots Sold |
2,763 |
| Percent Sold |
78% |
| Total Realised |
£608,243,620 |
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National Auction Analysis
February 2006 was a very busy month as the majority of the auction
houses hold their first sale of the year. Lots
offered was up nearly 12% on February last year at 3,562, and
the % sold increased from 76.2% in 2005 to 77.5% in Feb 2006, with
the amount raised surging forward by over 24%.
This upward trend was seen in the rolling quarter and rolling year as the table below shows.
| National Breakdown |
| |
Last Month |
Last Quarter |
Last Year |
| |
February 2006 |
February 2005 |
November-February 2006 |
November-February 2005 |
March 2005-February 2006 |
March 2004-February 2005 |
| Lots Offered |
3,562 |
3,191 |
7,037 |
6,452 |
31,171 |
31,269 |
| Lots Sold |
2,763 |
2,432 |
5,323 |
4,739 |
22,641 |
22,453 |
| Total Raised |
£608,243,620 |
£489,582,980 |
£1,226,042,598 |
£939,939,967 |
£4,509,252,035 |
£4,117,782,422 |
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Regional Auction Analysis
Given the national increase in the number of lots offered, the regional split was in line
with this trend when compared with 2005, and only 3 regions saw significant drop
in the number of lots offered, and a similar number saw the amount raised fall as well.
| Regional Breakdown |
| Location Map |
Lots Offered |
Lots Sold |
Total Raised |
| |
February 2006 |
February 2005 |
February 2006 |
February 2005 |
February 2006 |
February 2005 |
| East Anglia |
84 |
62 |
66 |
48 |
£11,889,000 |
£15,735,000 |
| East Midlands |
168 |
188 |
124 |
156 |
£33,467,645 |
£44,379,800 |
| London |
639 |
573 |
547 |
470 |
£151,742,450 |
£125,805,900 |
| North-East |
288 |
209 |
241 |
161 |
£36,881,450 |
£18,121,500 |
| North-West |
551 |
625 |
401 |
395 |
£56,585,150 |
£41,859,900 |
| North-West Home Counties |
232 |
239 |
188 |
195 |
£64,541,500 |
£46,798,650 |
| Northern England |
227 |
126 |
119 |
92 |
£19,121,750 |
£8,452,850 |
| Northern Ireland |
5 |
3 |
5 |
2 |
£584,000 |
£157,000 |
| Scotland |
60 |
55 |
48 |
46 |
£8,922,000 |
£5,170,300 |
| South-East Home Counties |
637 |
525 |
505 |
416 |
£122,848,475 |
£94,859,500 |
| South-West |
175 |
190 |
144 |
137 |
£41,198,750 |
£32,662,250 |
| Wales |
251 |
207 |
181 |
148 |
£28,674,050 |
£18,338,550 |
| West Midlands |
245 |
189 |
194 |
166 |
£31,787,400 |
£37,241,780 |
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Private Treaty and Auction sales
The graph below shows the number of residential properties in England
and Wales sold by private treaty against those sold at Auction over
the last 5 years.
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News and developments on the web site
We have introduced a "shortlist" facility on the site. By clicking on the 'add to shortlist' icon  found on the extreme right of icons, the lot will be added to the "shortlist" that will open in a new window. You can add as many properties as you like from different searches and print the list when you are done. The list will automatically clear itself after 30 minutes of inactivity.
Other news
We will be exhibiting at the Home buyer Show at Excel London, 17th-19 March, and I will be presenting the seminar on How to buy at Auction'. Full details are at www.homebuyer.co.uk. We look forward to seeing our clients there.
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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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