The figures below should appear in a 'table' format. If for any reason they do not, you can view the newsletter online at http://www.eigroup.co.uk/newsletters/2008/April.html
Essential Auction News
|
Welcome to the April newsletter that looks at the overall results for March 2008, and compares them with March 2007
Whilst February 2008 saw the overall sales rate clime to 71%, in March it has slipped back to 63%. The RAPID report we released last month generated a great deal of exposure in the media for auctions and the sale of repossessed "new builds" at auction continues.
I do hope you find the figures below of interest and as always if you have any comments please contact me.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
Overall saw March 2008 with slightly more lots offered (up 3.5% on March 07) but with lots sold, percent sold and amount raised all down 14.1%, 17% & 47.1% respectively. Similar trends, though not so marked, were seen in the quarterly and yearly comparisons.
A closer look at the two sectors; residential and commercial; shows how they are reacting to current market conditions differently. For the month of March the number of residential lots offered rose 9.1% whilst commercial lots offered fell 13.1%, though commercial lots had a sale rate at 72% whilst the residential rate was at 60%. In addition the fall in the amount raised was far higher for commercial lots at 63.2%, with the residential amount raised falling 26.2%. Again these trends are seen in the quarterly and yearly figures as well, though not as severe.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
March 2008 |
March 2007 |
Increase |
January - March 2008
|
January - March 2007
|
Increase |
April 2007 - March 2008 |
April 2006 - March 2007 |
Increase |
| Lots Offered |
3,263 |
3,153 |
3.5% |
7,934 |
8,157 |
-2.7% |
37,910 |
35,390 |
7.1% |
| Lots Sold |
2,040 |
2,375 |
-14.1% |
5,333 |
6,440 |
-17.2% |
26,295 |
27,563 |
-4.6% |
| Percent Sold |
63% |
75% |
-17.0% |
67% |
79% |
-14.9% |
69% |
78% |
-10.9% |
| Total Raised |
£354,331,103 |
£669,672,070 |
-47.1% |
£960,318,724 |
£1,635,103,763 |
-41.3% |
£5,288,535,573 |
£6,297,974,057 |
-16.0% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
March 2008 |
March 2007 |
Increase |
January - March 2008
|
January - March 2007
|
Increase |
April 2007 - March 2008 |
April 2006 - March 2007 |
Increase |
| Lots Offered |
2,704 |
2,479 |
9.1% |
6,389 |
6,347 |
0.7% |
30,596 |
27,771 |
10.2% |
| Lots Sold |
1,635 |
1,846 |
-11.4% |
4,159 |
4,978 |
-16.5% |
20,746 |
21,373 |
-2.9% |
| Percent Sold |
60% |
74% |
-18.8% |
65% |
78% |
-17.0% |
68% |
77% |
-11.9% |
| Total Raised |
£235,361,403 |
£318,937,968 |
-26.2% |
£635,721,605 |
£832,103,861 |
-23.6% |
£3,419,916,589 |
£3,439,303,076 |
-0.6% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
March 2008 |
March 2007 |
Increase |
January - March 2008
|
January - March 2007
|
Increase |
April 2007 - March 2008 |
April 2006 - March 2007 |
Increase |
| Lots Offered |
559 |
643 |
-13.1% |
1,545 |
1,777 |
-13.1% |
7,314 |
7,619 |
-4.0% |
| Lots Sold |
405 |
508 |
-20.3% |
1,174 |
1,439 |
-18.4% |
5,549 |
6,190 |
-10.4% |
| Percent Sold |
72% |
79% |
-8.3% |
76% |
81% |
-6.2% |
76% |
81% |
-6.6% |
| Total Raised |
£118,969,700 |
£323,129,102 |
-63.2% |
£324,597,119 |
£773,973,902 |
-58.1% |
£1,868,618,984 |
£2,858,670,981 |
-34.6% |
Regional Auction Analysis
A wide spectrum of results can be seen across the country with the highest percent sold being 92.7% for commercial lots in East Anglia to only 42.4% of the residential lots in the North-East finding buyers. (Northern Ireland has been excluded as it is a very small sample set)
Given the national figures one would expect the sale rates for commercial properties to be generally better than residential lots and this is borne out in the regional figures.
East Anglia
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
205 |
186 |
10.2% |
| Lots Sold |
161 |
140 |
15.0% |
| Percent Sold |
78.5% |
75.3% |
4.3% |
| Total Raised |
£29,614,000 |
£37,621,951 |
-21.3% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
150 |
131 |
14.5% |
| Lots Sold |
110 |
101 |
8.9% |
| Percent Sold |
73.3% |
77.1% |
-4.9% |
| Total Raised |
£19,139,500 |
£16,511,950 |
15.9% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
55 |
55 |
0.0% |
| Lots Sold |
51 |
39 |
30.8% |
| Percent Sold |
92.7% |
70.9% |
30.8% |
| Total Raised |
£10,474,500 |
£21,110,001 |
-50.4% |
East Midlands
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
648 |
555 |
16.8% |
| Lots Sold |
460 |
443 |
3.8% |
| Percent Sold |
71.0% |
79.8% |
-11.1% |
| Total Raised |
£64,871,110 |
£72,445,106 |
-10.5% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
525 |
461 |
13.9% |
| Lots Sold |
357 |
368 |
-3.0% |
| Percent Sold |
68.0% |
79.8% |
-14.8% |
| Total Raised |
£38,710,550 |
£45,560,550 |
-15.0% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
123 |
94 |
30.9% |
| Lots Sold |
103 |
75 |
37.3% |
| Percent Sold |
83.7% |
79.8% |
5.0% |
| Total Raised |
£26,160,560 |
£26,884,556 |
-2.7% |
London
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
904 |
885 |
2.1% |
| Lots Sold |
704 |
805 |
-12.5% |
| Percent Sold |
77.9% |
91.0% |
-14.4% |
| Total Raised |
£236,266,150 |
£361,468,845 |
-34.6% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
811 |
724 |
12.0% |
| Lots Sold |
628 |
661 |
-5.0% |
| Percent Sold |
77.4% |
91.3% |
-15.2% |
| Total Raised |
£194,679,650 |
£218,943,345 |
-11.1% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
93 |
161 |
-42.2% |
| Lots Sold |
76 |
144 |
-47.2% |
| Percent Sold |
81.7% |
89.4% |
-8.6% |
| Total Raised |
£41,586,500 |
£142,525,500 |
-70.8% |
North-East
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
560 |
531 |
5.5% |
| Lots Sold |
246 |
384 |
-35.9% |
| Percent Sold |
43.9% |
72.3% |
-39.3% |
| Total Raised |
£34,369,299 |
£65,195,199 |
-47.3% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
500 |
479 |
4.4% |
| Lots Sold |
212 |
347 |
-38.9% |
| Percent Sold |
42.4% |
72.4% |
-41.5% |
| Total Raised |
£23,605,799 |
£36,333,199 |
-35.0% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
60 |
52 |
15.4% |
| Lots Sold |
34 |
37 |
-8.1% |
| Percent Sold |
56.7% |
71.2% |
-20.4% |
| Total Raised |
£10,763,500 |
£28,862,000 |
-62.7% |
North-West
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
1287 |
1517 |
-15.2% |
| Lots Sold |
759 |
1114 |
-31.9% |
| Percent Sold |
59.0% |
73.4% |
-19.7% |
| Total Raised |
£90,274,950 |
£167,261,469 |
-46.0% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
1053 |
1222 |
-13.8% |
| Lots Sold |
609 |
876 |
-30.5% |
| Percent Sold |
57.8% |
71.7% |
-19.3% |
| Total Raised |
£60,038,750 |
£99,491,252 |
-39.7% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
234 |
295 |
-20.7% |
| Lots Sold |
150 |
238 |
-37.0% |
| Percent Sold |
64.1% |
80.7% |
-20.5% |
| Total Raised |
£30,236,200 |
£67,770,217 |
-55.4% |
North-West Home Counties
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
411 |
455 |
-9.7% |
| Lots Sold |
305 |
363 |
-16.0% |
| Percent Sold |
74.2% |
79.8% |
-7.0% |
| Total Raised |
£78,274,801 |
£154,048,450 |
-49.2% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
335 |
301 |
11.3% |
| Lots Sold |
242 |
235 |
3.0% |
| Percent Sold |
72.2% |
78.1% |
-7.5% |
| Total Raised |
£47,400,801 |
£59,644,950 |
-20.5% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
76 |
154 |
-50.6% |
| Lots Sold |
63 |
128 |
-50.8% |
| Percent Sold |
82.9% |
83.1% |
-0.3% |
| Total Raised |
£30,874,000 |
£94,403,500 |
-67.3% |
Northern Ireland
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
11 |
50 |
-78.0% |
| Lots Sold |
11 |
35 |
-68.6% |
| Percent Sold |
100.0% |
70.0% |
42.9% |
| Total Raised |
£1,227,000 |
£49,319,500 |
-97.5% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
11 |
17 |
-35.3% |
| Lots Sold |
11 |
12 |
-8.3% |
| Percent Sold |
100.0% |
70.6% |
41.7% |
| Total Raised |
£1,227,000 |
£20,293,500 |
-94.0% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
0 |
33 |
-100.0% |
| Lots Sold |
0 |
23 |
-100.0% |
| Percent Sold |
0.0% |
69.7% |
0.0% |
| Total Raised |
£0 |
£29,026,000 |
-100.0% |
Scotland
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
233 |
245 |
-4.9% |
| Lots Sold |
163 |
160 |
1.9% |
| Percent Sold |
70.0% |
65.3% |
7.1% |
| Total Raised |
£21,821,810 |
£34,048,901 |
-35.9% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
148 |
153 |
-3.3% |
| Lots Sold |
93 |
93 |
0.0% |
| Percent Sold |
62.8% |
60.8% |
3.4% |
| Total Raised |
£6,843,250 |
£5,287,551 |
29.4% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
85 |
92 |
-7.6% |
| Lots Sold |
70 |
67 |
4.5% |
| Percent Sold |
82.4% |
72.8% |
13.1% |
| Total Raised |
£14,978,560 |
£28,761,350 |
-47.9% |
South-East Home Counties
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
984 |
1056 |
-6.8% |
| Lots Sold |
724 |
854 |
-15.2% |
| Percent Sold |
73.6% |
80.9% |
-9.0% |
| Total Raised |
£153,680,004 |
£247,453,176 |
-37.9% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
788 |
780 |
1.0% |
| Lots Sold |
574 |
643 |
-10.7% |
| Percent Sold |
72.8% |
82.4% |
-11.6% |
| Total Raised |
£96,799,605 |
£109,935,370 |
-11.9% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
196 |
276 |
-29.0% |
| Lots Sold |
150 |
211 |
-28.9% |
| Percent Sold |
76.5% |
76.4% |
0.1% |
| Total Raised |
£56,880,399 |
£137,517,806 |
-58.6% |
South-West
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
599 |
619 |
-3.2% |
| Lots Sold |
398 |
509 |
-21.8% |
| Percent Sold |
66.4% |
82.2% |
-19.2% |
| Total Raised |
£68,926,600 |
£137,114,849 |
-49.7% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
436 |
427 |
2.1% |
| Lots Sold |
262 |
339 |
-22.7% |
| Percent Sold |
60.1% |
79.4% |
-24.3% |
| Total Raised |
£38,156,100 |
£60,294,899 |
-36.7% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
163 |
192 |
-15.1% |
| Lots Sold |
136 |
170 |
-20.0% |
| Percent Sold |
83.4% |
88.5% |
-5.8% |
| Total Raised |
£30,770,500 |
£76,819,950 |
-59.9% |
Wales
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
551 |
525 |
5.0% |
| Lots Sold |
352 |
401 |
-12.2% |
| Percent Sold |
63.9% |
76.4% |
-16.4% |
| Total Raised |
£36,696,350 |
£50,400,250 |
-27.2% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
442 |
449 |
-1.6% |
| Lots Sold |
278 |
336 |
-17.3% |
| Percent Sold |
62.9% |
74.8% |
-16.0% |
| Total Raised |
£25,309,350 |
£32,380,250 |
-21.8% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
109 |
76 |
43.4% |
| Lots Sold |
74 |
65 |
13.8% |
| Percent Sold |
67.9% |
85.5% |
-20.6% |
| Total Raised |
£11,387,000 |
£18,020,000 |
-36.8% |
West Midlands
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
871 |
811 |
7.4% |
| Lots Sold |
609 |
656 |
-7.2% |
| Percent Sold |
69.9% |
80.9% |
-13.6% |
| Total Raised |
£82,353,300 |
£123,740,734 |
-33.4% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
684 |
643 |
6.4% |
| Lots Sold |
463 |
528 |
-12.3% |
| Percent Sold |
67.7% |
82.1% |
-17.6% |
| Total Raised |
£54,411,800 |
£68,022,595 |
-20.0% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
187 |
168 |
11.3% |
| Lots Sold |
146 |
128 |
14.1% |
| Percent Sold |
78.1% |
76.2% |
2.5% |
| Total Raised |
£27,941,500 |
£55,718,139 |
-49.9% |
Yorkshire and The Humber
| Total |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
670 |
722 |
-7.2% |
| Lots Sold |
441 |
576 |
-23.4% |
| Percent Sold |
65.8% |
79.8% |
-17.5% |
| Total Raised |
£61,943,350 |
£134,985,333 |
-54.1% |
| Residential |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
506 |
560 |
-9.6% |
| Lots Sold |
320 |
439 |
-27.1% |
| Percent Sold |
63.2% |
78.4% |
-19.3% |
| Total Raised |
£29,399,450 |
£59,404,450 |
-50.5% |
| Commercial |
|
January - March 2008 |
January - March 2007 |
Increase |
| Lots Offered |
164 |
162 |
1.2% |
| Lots Sold |
121 |
137 |
-11.7% |
| Percent Sold |
73.8% |
84.6% |
-12.8% |
| Total Raised |
£32,543,900 |
£75,580,883 |
-56.9% |
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
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