Essential Auction News
|
Welcome to the November newsletter, giving details of market activity for the month of October and an analysis of trends over the past year.
In response to many requests from recipients, we have produced an additional set of figures for both the National Analysis and the Regional Analysis, splitting the figures into residential and commercial lots. To make it easier to compare the totals, we have colour coded the 3 different sets of figures.
It is important to note how we have recorded 'mixed use' lots. If a mixed lot has been offered by a commercial auction house then it is treated as a commercial lot and if offered by a residential house it is a residential lot for the purposes of these tables. We have identified for each and every auctioneer what type of property they predominantly sell, residential or commercial. This does not mean however that they only sell one type of property. Many residential auction houses offer commercial lots and vice versa.
I would welcome feedback as to whether you find these additional tables useful.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
Overall, 63% of all lots offered sold at auction in October 07 compared with 79% in October 06. This is 3% up on September 07. The number of lots offered remained fairly static though total receipts was down 30%. Interestingly, whilst 70% of commercial lots found new owners, the capital receipts for these lots were down 42%. The rolling quarter and yearly figures show similar, albeit not such large trends, in respect of sale rates. Receipts however, are up 4.5%.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
October 2007 |
October 2006 |
Increase |
August - October 2007
|
August - October 2006
|
Increase |
November 2006 - October 2007 |
November 2005 - October 2006 |
Increase |
| Lots Offered |
3,809 |
3,791 |
0.5% |
9,076 |
8,260 |
9.9% |
37,862 |
33,484 |
13.1% |
| Lots Sold |
2,382 |
2,987 |
-20.3% |
5,862 |
6,482 |
-9.6% |
27,384 |
26,055 |
5.1% |
| Percent Sold |
63% |
79% |
-20.6% |
65% |
78% |
-17.7% |
72% |
78% |
-7.1% |
| Total Raised |
£591,754,215 |
£849,453,187 |
-30.3% |
£1,156,156,111 |
£1,430,213,873 |
-19.2% |
£6,016,590,359 |
£5,758,876,537 |
4.5% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
October 2007 |
October 2006 |
Increase |
August - October 2007
|
August - October 2006
|
Increase |
November 2006 - October 2007 |
November 2005 - October 2006 |
Increase |
| Lots Offered |
2,827 |
2,712 |
4.2% |
7,359 |
6,551 |
12.3% |
30,152 |
26,216 |
15.0% |
| Lots Sold |
1,699 |
2,030 |
-16.3% |
4,646 |
5,019 |
-7.4% |
21,482 |
20,050 |
7.1% |
| Percent Sold |
60% |
75% |
-19.7% |
63% |
77% |
-17.6% |
71% |
76% |
-6.8% |
| Total Raised |
£289,798,015 |
£328,707,482 |
-11.8% |
£753,629,261 |
£817,584,943 |
-7.8% |
£3,622,564,871 |
£3,060,509,955 |
18.4% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
October 2007 |
October 2006 |
Increase |
August - October 2007
|
August - October 2006
|
Increase |
November 2006 - October 2007 |
November 2005 - October 2006 |
Increase |
| Lots Offered |
982 |
1,079 |
-9.0% |
1,717 |
1,709 |
0.5% |
7,710 |
7,268 |
6.1% |
| Lots Sold |
683 |
957 |
-28.6% |
1,216 |
1,463 |
-16.9% |
5,902 |
6,005 |
-1.7% |
| Percent Sold |
70% |
89% |
-21.6% |
71% |
86% |
-17.3% |
77% |
83% |
-7.3% |
| Total Raised |
£301,956,200 |
£520,745,705 |
-42.0% |
£402,526,850 |
£612,628,930 |
-34.3% |
£2,394,025,488 |
£2,698,366,582 |
-11.3% |
Regional Auction Analysis
As has become the norm over the past few months, there have been wide variations across the country in terms of percent sold and amount raised.
South-West
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
746 |
680 |
9.7% |
| Lots Sold |
523 |
551 |
-5.1% |
| Percent Sold |
70.1% |
81.0% |
-13.5% |
| Total Raised |
£100,965,050 |
£112,557,325 |
-10.3% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
532 |
468 |
13.7% |
| Lots Sold |
349 |
359 |
-2.8% |
| Percent Sold |
65.6% |
76.7% |
-14.5% |
| Total Raised |
£63,021,850 |
£68,264,600 |
-7.7% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
214 |
212 |
0.9% |
| Lots Sold |
174 |
192 |
-9.4% |
| Percent Sold |
81.3% |
90.6% |
-10.2% |
| Total Raised |
£37,943,200 |
£44,292,725 |
-14.3% |
North-East
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
622 |
520 |
19.6% |
| Lots Sold |
261 |
340 |
-23.2% |
| Percent Sold |
42.0% |
65.4% |
-35.8% |
| Total Raised |
£36,615,450 |
£47,216,670 |
-22.5% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
553 |
485 |
14.0% |
| Lots Sold |
228 |
314 |
-27.4% |
| Percent Sold |
41.2% |
64.7% |
-36.3% |
| Total Raised |
£24,014,450 |
£34,396,670 |
-30.2% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
69 |
35 |
97.1% |
| Lots Sold |
33 |
26 |
26.9% |
| Percent Sold |
47.8% |
74.3% |
-35.6% |
| Total Raised |
£12,601,000 |
£12,820,000 |
-1.7% |
East Anglia
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
224 |
178 |
25.8% |
| Lots Sold |
163 |
144 |
13.2% |
| Percent Sold |
72.8% |
80.9% |
-10.1% |
| Total Raised |
£37,467,800 |
£32,258,000 |
16.2% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
169 |
127 |
33.1% |
| Lots Sold |
123 |
101 |
21.8% |
| Percent Sold |
72.8% |
79.5% |
-8.5% |
| Total Raised |
£20,370,300 |
£14,934,000 |
36.4% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
55 |
51 |
7.8% |
| Lots Sold |
40 |
43 |
-7.0% |
| Percent Sold |
72.7% |
84.3% |
-13.7% |
| Total Raised |
£17,097,500 |
£17,324,000 |
-1.3% |
North-West Home Counties
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
410 |
432 |
-5.1% |
| Lots Sold |
309 |
361 |
-14.4% |
| Percent Sold |
75.4% |
83.6% |
-9.8% |
| Total Raised |
£99,206,000 |
£146,015,800 |
-32.1% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
297 |
292 |
1.7% |
| Lots Sold |
231 |
238 |
-2.9% |
| Percent Sold |
77.8% |
81.5% |
-4.6% |
| Total Raised |
£59,783,000 |
£59,689,050 |
0.2% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
113 |
140 |
-19.3% |
| Lots Sold |
78 |
123 |
-36.6% |
| Percent Sold |
69.0% |
87.9% |
-21.4% |
| Total Raised |
£39,423,000 |
£86,326,750 |
-54.3% |
West Midlands
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
1099 |
945 |
16.3% |
| Lots Sold |
709 |
727 |
-2.5% |
| Percent Sold |
64.5% |
76.9% |
-16.1% |
| Total Raised |
£113,019,545 |
£124,269,954 |
-9.1% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
895 |
749 |
19.5% |
| Lots Sold |
559 |
570 |
-1.9% |
| Percent Sold |
62.5% |
76.1% |
-17.9% |
| Total Raised |
£71,424,945 |
£75,772,649 |
-5.7% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
204 |
196 |
4.1% |
| Lots Sold |
150 |
157 |
-4.5% |
| Percent Sold |
73.5% |
80.1% |
-8.2% |
| Total Raised |
£41,594,600 |
£48,497,305 |
-14.2% |
Scotland
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
283 |
197 |
43.7% |
| Lots Sold |
167 |
159 |
5.0% |
| Percent Sold |
59.0% |
80.7% |
-26.9% |
| Total Raised |
£25,807,100 |
£26,707,703 |
-3.4% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
207 |
132 |
56.8% |
| Lots Sold |
110 |
107 |
2.8% |
| Percent Sold |
53.1% |
81.1% |
-34.4% |
| Total Raised |
£6,892,800 |
£7,251,203 |
-4.9% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
76 |
65 |
16.9% |
| Lots Sold |
57 |
52 |
9.6% |
| Percent Sold |
75.0% |
80.0% |
-6.3% |
| Total Raised |
£18,914,300 |
£19,456,500 |
-2.8% |
London
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
821 |
891 |
-7.9% |
| Lots Sold |
621 |
786 |
-21.0% |
| Percent Sold |
75.6% |
88.2% |
-14.3% |
| Total Raised |
£222,318,550 |
£281,171,505 |
-20.9% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
709 |
760 |
-6.7% |
| Lots Sold |
531 |
666 |
-20.3% |
| Percent Sold |
74.9% |
87.6% |
-14.5% |
| Total Raised |
£163,374,950 |
£182,664,005 |
-10.6% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
112 |
131 |
-14.5% |
| Lots Sold |
90 |
120 |
-25.0% |
| Percent Sold |
80.4% |
91.6% |
-12.3% |
| Total Raised |
£58,943,600 |
£98,507,500 |
-40.2% |
Yorkshire and The Humber
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
755 |
721 |
4.7% |
| Lots Sold |
519 |
602 |
-13.8% |
| Percent Sold |
68.7% |
83.5% |
-17.7% |
| Total Raised |
£83,036,965 |
£104,141,435 |
-20.3% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
634 |
551 |
15.1% |
| Lots Sold |
440 |
438 |
0.5% |
| Percent Sold |
69.4% |
79.5% |
-12.7% |
| Total Raised |
£55,665,965 |
£54,020,185 |
3.0% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
121 |
170 |
-28.8% |
| Lots Sold |
79 |
164 |
-51.8% |
| Percent Sold |
65.3% |
96.5% |
-32.3% |
| Total Raised |
£27,371,000 |
£50,121,250 |
-45.4% |
South-East Home Counties
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
1106 |
992 |
11.5% |
| Lots Sold |
815 |
842 |
-3.2% |
| Percent Sold |
73.7% |
84.9% |
-13.2% |
| Total Raised |
£175,585,451 |
£216,188,689 |
-18.8% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
897 |
736 |
21.9% |
| Lots Sold |
661 |
616 |
7.3% |
| Percent Sold |
73.7% |
83.7% |
-12.0% |
| Total Raised |
£113,907,951 |
£110,447,939 |
3.1% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
209 |
256 |
-18.4% |
| Lots Sold |
154 |
226 |
-31.9% |
| Percent Sold |
73.7% |
88.3% |
-16.5% |
| Total Raised |
£61,677,500 |
£105,740,750 |
-41.7% |
North-West
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
1575 |
1417 |
11.2% |
| Lots Sold |
891 |
1015 |
-12.2% |
| Percent Sold |
56.6% |
71.6% |
-21.0% |
| Total Raised |
£131,022,650 |
£149,814,247 |
-12.5% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
1292 |
1177 |
9.8% |
| Lots Sold |
709 |
840 |
-15.6% |
| Percent Sold |
54.9% |
71.4% |
-23.1% |
| Total Raised |
£87,548,550 |
£90,363,247 |
-3.1% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
283 |
240 |
17.9% |
| Lots Sold |
182 |
175 |
4.0% |
| Percent Sold |
64.3% |
72.9% |
-11.8% |
| Total Raised |
£43,474,100 |
£59,451,000 |
-26.9% |
Wales
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
653 |
553 |
18.1% |
| Lots Sold |
386 |
405 |
-4.7% |
| Percent Sold |
59.1% |
73.2% |
-19.3% |
| Total Raised |
£46,998,050 |
£53,048,050 |
-11.4% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
530 |
474 |
11.8% |
| Lots Sold |
307 |
333 |
-7.8% |
| Percent Sold |
57.9% |
70.3% |
-17.5% |
| Total Raised |
£29,979,500 |
£38,716,800 |
-22.6% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
123 |
79 |
55.7% |
| Lots Sold |
79 |
72 |
9.7% |
| Percent Sold |
64.2% |
91.1% |
-29.5% |
| Total Raised |
£17,018,550 |
£14,331,250 |
18.8% |
Northern Ireland
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
49 |
40 |
22.5% |
| Lots Sold |
16 |
29 |
-44.8% |
| Percent Sold |
32.7% |
72.5% |
-55.0% |
| Total Raised |
£11,442,500 |
£46,359,500 |
-75.3% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
40 |
19 |
110.5% |
| Lots Sold |
8 |
15 |
-46.7% |
| Percent Sold |
20.0% |
78.9% |
-74.7% |
| Total Raised |
£5,927,500 |
£22,299,500 |
-73.4% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
9 |
21 |
-57.1% |
| Lots Sold |
8 |
14 |
-42.9% |
| Percent Sold |
88.9% |
66.7% |
33.3% |
| Total Raised |
£5,515,000 |
£24,060,000 |
-77.1% |
East Midlands
| Total |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
733 |
694 |
5.6% |
| Lots Sold |
482 |
521 |
-7.5% |
| Percent Sold |
65.8% |
75.1% |
-12.4% |
| Total Raised |
£72,671,000 |
£90,464,995 |
-19.7% |
| Residential |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
604 |
581 |
4.0% |
| Lots Sold |
390 |
422 |
-7.6% |
| Percent Sold |
64.6% |
72.6% |
-11.1% |
| Total Raised |
£51,717,500 |
£58,765,095 |
-12.0% |
| Commercial |
|
August - October 2007 |
August - October 2006 |
Increase |
| Lots Offered |
129 |
113 |
14.2% |
| Lots Sold |
92 |
99 |
-7.1% |
| Percent Sold |
71.3% |
87.6% |
-18.6% |
| Total Raised |
£20,953,500 |
£31,699,900 |
-33.9% |
Your Comments
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