|
Welcome to the October newsletter. With the summer break behind us, September was a very busy month with 176 auctions being held, a new monthly record. At the bottom of the newsletter you will see two graphs showing the number of lots offered and amount raised over the last two years.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
|
Essential Auction News
176 property auctions were held throughout the UK in September 2007.
We will compare these results to those of September 2006.
There is also a regional breakdown of statistics.
|
|
Overall Statistics September 2007
| Number of Auctions Held in the UK |
176 |
| Total Lots Offered |
4,300 |
| Total Lots Sold |
2,857 |
| Percent Sold |
66% |
| Total Realised |
£489,675,396 |
|
|
National Auction Analysis
The figure to note is that the "% sold" rate climbed from 60% last month to 66% this month. In addition the number of lots offered when compared with September 06 was up 19% to 4,300. The rolling quarter and year figure paint a similar picture with double digit 'lots offered' increases though 'lots sold' and 'amount raised' falling back in both the monthly and quarterly figures.
| National Breakdown |
| |
Last Month |
Last Quarter |
Last Year |
| |
September 2007 |
September 2006 |
Increase |
July - September 2007 |
July - September 2006 |
Increase |
October 2006 - September 2007 |
October 2005 - September 2006 |
Increase |
| Lots Offered |
4,300 |
3,603 |
19.3% |
9,710 |
8,815 |
10.2% |
37,846 |
32,953 |
14.8% |
| Lots Sold |
2,857 |
2,843 |
0.5% |
6,602 |
6,758 |
-2.3% |
27,942 |
25,334 |
10.3% |
| Percent Sold |
66% |
79% |
-15.8% |
68% |
77% |
-11.3% |
74% |
77% |
-4.0% |
| Total Raised |
£489,675,396 |
£504,718,237 |
-3.0% |
£1,300,049,960 |
£1,393,716,029 |
-6.7% |
£6,258,180,631 |
£5,482,341,030 |
14.2% |
|
|
Regional Auction Analysis
As has become the norm over the past few months, there have been wide variations across the country in terms of '% sold' and 'amount raised'.
| Regional Breakdown |
| Location Map |
Column |
July - September 2007 |
July - September 2006 |
Increase |
| South-West |
Lots Offered |
913 |
720 |
26.8% |
| Lots Sold |
632 |
557 |
13.5% |
| Percent Sold |
69.2% |
77.4% |
-10.5% |
| Total Raised |
£139,647,800 |
£123,732,726 |
12.9% |
| North-East |
Lots Offered |
571 |
604 |
-5.5% |
| Lots Sold |
244 |
357 |
-31.7% |
| Percent Sold |
42.7% |
59.1% |
-27.7% |
| Total Raised |
£42,457,550 |
£54,020,050 |
-21.4% |
| East Anglia |
Lots Offered |
222 |
226 |
-1.8% |
| Lots Sold |
173 |
177 |
-2.3% |
| Percent Sold |
77.9% |
78.3% |
-0.5% |
| Total Raised |
£44,218,350 |
£40,101,550 |
10.3% |
| North-West Home Counties |
Lots Offered |
536 |
475 |
12.8% |
| Lots Sold |
412 |
384 |
7.3% |
| Percent Sold |
76.9% |
80.8% |
-4.9% |
| Total Raised |
£142,433,750 |
£157,565,950 |
-9.6% |
| West Midlands |
Lots Offered |
1061 |
1051 |
1.0% |
| Lots Sold |
704 |
794 |
-11.3% |
| Percent Sold |
66.4% |
75.5% |
-12.2% |
| Total Raised |
£120,113,995 |
£138,667,901 |
-13.4% |
| Scotland |
Lots Offered |
143 |
93 |
53.8% |
| Lots Sold |
96 |
67 |
43.3% |
| Percent Sold |
67.1% |
72.0% |
-6.8% |
| Total Raised |
£12,695,700 |
£29,473,575 |
-56.9% |
| London |
Lots Offered |
1090 |
1103 |
-1.2% |
| Lots Sold |
870 |
951 |
-8.5% |
| Percent Sold |
79.8% |
86.2% |
-7.4% |
| Total Raised |
£385,382,801 |
£350,379,560 |
10.0% |
| Yorkshire and The Humber |
Lots Offered |
814 |
705 |
15.5% |
| Lots Sold |
574 |
547 |
4.9% |
| Percent Sold |
70.5% |
77.6% |
-9.1% |
| Total Raised |
£91,408,801 |
£94,623,300 |
-3.4% |
| South-East Home Counties |
Lots Offered |
1441 |
1225 |
17.6% |
| Lots Sold |
1094 |
1012 |
8.1% |
| Percent Sold |
75.9% |
82.6% |
-8.1% |
| Total Raised |
£309,535,195 |
£287,747,995 |
7.6% |
| North-West |
Lots Offered |
1430 |
1304 |
9.7% |
| Lots Sold |
832 |
930 |
-10.5% |
| Percent Sold |
58.2% |
71.3% |
-18.4% |
| Total Raised |
£149,531,880 |
£150,671,122 |
-0.8% |
| Wales |
Lots Offered |
641 |
604 |
6.1% |
| Lots Sold |
416 |
435 |
-4.4% |
| Percent Sold |
64.9% |
72.0% |
-9.9% |
| Total Raised |
£60,637,050 |
£76,384,400 |
-20.6% |
| Northern Ireland |
Lots Offered |
28 |
7 |
300.0% |
| Lots Sold |
2 |
5 |
-60.0% |
| Percent Sold |
7.1% |
71.4% |
-90.0% |
| Total Raised |
£381,000 |
£684,500 |
-44.3% |
| East Midlands |
Lots Offered |
820 |
698 |
17.5% |
| Lots Sold |
553 |
542 |
2.0% |
| Percent Sold |
67.4% |
77.7% |
-13.2% |
| Total Raised |
£108,805,838 |
£98,002,150 |
11.0% |
|
|
Graphs comparing auctions held and lots offered over last two years
From these graphs one can see the steady growth in both the number of auctions held and the number of lots offered over the last two years. The average increase year on year for the number of auctions held has been 26% whilst lots offered has been 19%. This trend would appear to be set to continue.
|
|
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
|
|
