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/November.html
Essential Auction News
|
Welcome to the November newsletter that primarily auction activity in October 2008.
I am pleased to say that the 61% overall success rate we saw in September has been repeated for last month. Should this trend continue, and I hope it does, it will indicate that the gap between the buyers' and the vendors' expectations is closing.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
Overall the number of lots coming to auction is remaining steady. The amount raised in the residential sector for all three periods reviewed is down by between 30% and 36%. In the commercial sector the falls were more marked at between 40% and 66%. However, the average sale rates in the commercial sale rooms was 65% against 59% in the residential sales for October.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
October 2008 |
October 2007 |
Increase |
August - October 2008
|
August - October 2007
|
Increase |
November 2007 - October 2008 |
November 2006 - October 2007 |
Increase |
| Lots Offered |
3,607 |
3,768 |
-4.3% |
8,708 |
9,048 |
-3.8% |
37,636 |
37,845 |
-0.6% |
| Lots Sold |
2,186 |
2,485 |
-12.0% |
5,289 |
6,110 |
-13.4% |
23,438 |
27,989 |
-16.3% |
| Percent Sold |
61% |
66% |
-8.1% |
61% |
68% |
-10.1% |
62% |
74% |
-15.8% |
| Total Raised |
£313,365,250 |
£639,701,865 |
-51.0% |
£700,085,964 |
£1,237,238,376 |
-43.4% |
£4,002,575,483 |
£6,231,434,048 |
-35.8% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
October 2008 |
October 2007 |
Increase |
August - October 2008
|
August - October 2007
|
Increase |
November 2007 - October 2008 |
November 2006 - October 2007 |
Increase |
| Lots Offered |
2,811 |
2,784 |
1.0% |
7,261 |
7,327 |
-0.9% |
30,677 |
30,121 |
1.8% |
| Lots Sold |
1,672 |
1,774 |
-5.7% |
4,362 |
4,856 |
-10.2% |
18,612 |
21,976 |
-15.3% |
| Percent Sold |
59% |
64% |
-6.7% |
60% |
66% |
-9.4% |
61% |
73% |
-16.8% |
| Total Raised |
£202,034,700 |
£303,582,165 |
-33.4% |
£515,994,197 |
£797,753,026 |
-35.3% |
£2,616,729,444 |
£3,764,171,660 |
-30.5% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
October 2008 |
October 2007 |
Increase |
August - October 2008
|
August - October 2007
|
Increase |
November 2007 - October 2008 |
November 2006 - October 2007 |
Increase |
| Lots Offered |
796 |
975 |
-18.4% |
1,447 |
1,712 |
-15.5% |
6,959 |
7,681 |
-9.4% |
| Lots Sold |
514 |
703 |
-26.9% |
927 |
1,246 |
-25.6% |
4,826 |
5,981 |
-19.3% |
| Percent Sold |
65% |
72% |
-10.4% |
64% |
73% |
-12.0% |
69% |
78% |
-10.9% |
| Total Raised |
£111,330,550 |
£329,704,700 |
-66.2% |
£184,091,767 |
£433,070,350 |
-57.5% |
£1,385,846,039 |
£2,430,976,388 |
-43.0% |
Regional Auction Analysis
As is the long term pattern, the sale rates varied across the UK with the South East generally seeing higher rates than other areas of the Country.
East Anglia
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
272 |
224 |
21.4% |
| Lots Sold |
164 |
169 |
-3.0% |
| Percent Sold |
60.3% |
75.4% |
-20.1% |
| Total Raised |
£21,117,225 |
£38,638,800 |
-45.3% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
237 |
169 |
40.2% |
| Lots Sold |
139 |
127 |
9.4% |
| Percent Sold |
58.6% |
75.1% |
-22.0% |
| Total Raised |
£17,072,225 |
£20,896,300 |
-18.3% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
35 |
55 |
-36.4% |
| Lots Sold |
25 |
42 |
-40.5% |
| Percent Sold |
71.4% |
76.4% |
-6.5% |
| Total Raised |
£4,045,000 |
£17,742,500 |
-77.2% |
East Midlands
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
799 |
733 |
9.0% |
| Lots Sold |
485 |
496 |
-2.2% |
| Percent Sold |
60.7% |
67.7% |
-10.3% |
| Total Raised |
£62,891,950 |
£77,052,500 |
-18.4% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
662 |
603 |
9.8% |
| Lots Sold |
389 |
400 |
-2.8% |
| Percent Sold |
58.8% |
66.3% |
-11.4% |
| Total Raised |
£46,601,300 |
£53,133,500 |
-12.3% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
137 |
130 |
5.4% |
| Lots Sold |
96 |
96 |
0.0% |
| Percent Sold |
70.1% |
73.8% |
-5.1% |
| Total Raised |
£16,290,650 |
£23,919,000 |
-31.9% |
London
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
844 |
822 |
2.7% |
| Lots Sold |
587 |
626 |
-6.2% |
| Percent Sold |
69.5% |
76.2% |
-8.7% |
| Total Raised |
£128,854,700 |
£231,945,000 |
-44.4% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
783 |
709 |
10.4% |
| Lots Sold |
539 |
535 |
0.7% |
| Percent Sold |
68.8% |
75.5% |
-8.8% |
| Total Raised |
£106,575,200 |
£166,275,400 |
-35.9% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
61 |
113 |
-46.0% |
| Lots Sold |
48 |
91 |
-47.3% |
| Percent Sold |
78.7% |
80.5% |
-2.3% |
| Total Raised |
£22,279,500 |
£65,669,600 |
-66.1% |
North-East
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
677 |
624 |
8.5% |
| Lots Sold |
261 |
307 |
-15.0% |
| Percent Sold |
38.6% |
49.2% |
-21.6% |
| Total Raised |
£23,478,667 |
£42,912,965 |
-45.3% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
639 |
554 |
15.3% |
| Lots Sold |
246 |
268 |
-8.2% |
| Percent Sold |
38.5% |
48.4% |
-20.4% |
| Total Raised |
£21,767,200 |
£28,387,465 |
-23.3% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
38 |
70 |
-45.7% |
| Lots Sold |
15 |
39 |
-61.5% |
| Percent Sold |
39.5% |
55.7% |
-29.1% |
| Total Raised |
£1,711,467 |
£14,525,500 |
-88.2% |
North-West
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
1466 |
1575 |
-6.9% |
| Lots Sold |
858 |
938 |
-8.5% |
| Percent Sold |
58.5% |
59.6% |
-1.7% |
| Total Raised |
£103,845,500 |
£152,353,550 |
-31.8% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
1152 |
1292 |
-10.8% |
| Lots Sold |
670 |
749 |
-10.5% |
| Percent Sold |
58.2% |
58.0% |
0.3% |
| Total Raised |
£58,812,650 |
£100,360,950 |
-41.4% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
314 |
283 |
11.0% |
| Lots Sold |
188 |
189 |
-0.5% |
| Percent Sold |
59.9% |
66.8% |
-10.3% |
| Total Raised |
£45,032,850 |
£51,992,600 |
-13.4% |
North-West Home Counties
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
385 |
414 |
-7.0% |
| Lots Sold |
276 |
317 |
-12.9% |
| Percent Sold |
71.7% |
76.6% |
-6.4% |
| Total Raised |
£54,139,450 |
£103,217,000 |
-47.5% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
323 |
299 |
8.0% |
| Lots Sold |
234 |
236 |
-0.8% |
| Percent Sold |
72.4% |
78.9% |
-8.2% |
| Total Raised |
£37,202,250 |
£61,416,000 |
-39.4% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
62 |
115 |
-46.1% |
| Lots Sold |
42 |
81 |
-48.1% |
| Percent Sold |
67.7% |
70.4% |
-3.8% |
| Total Raised |
£16,937,200 |
£41,801,000 |
-59.5% |
Northern Ireland
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
7 |
49 |
-85.7% |
| Lots Sold |
7 |
15 |
-53.3% |
| Percent Sold |
100.0% |
30.6% |
226.7% |
| Total Raised |
£748,250 |
£11,092,500 |
-93.3% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
7 |
40 |
-82.5% |
| Lots Sold |
7 |
7 |
0.0% |
| Percent Sold |
100.0% |
17.5% |
471.4% |
| Total Raised |
£748,250 |
£4,677,500 |
-84.0% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
0 |
9 |
-100.0% |
| Lots Sold |
0 |
8 |
-100.0% |
| Percent Sold |
0.0% |
88.9% |
0.0% |
| Total Raised |
£0 |
£6,415,000 |
-100.0% |
Scotland
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
192 |
236 |
-18.6% |
| Lots Sold |
104 |
171 |
-39.2% |
| Percent Sold |
54.2% |
72.5% |
-25.2% |
| Total Raised |
£6,776,522 |
£26,213,100 |
-74.1% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
147 |
163 |
-9.8% |
| Lots Sold |
70 |
113 |
-38.1% |
| Percent Sold |
47.6% |
69.3% |
-31.3% |
| Total Raised |
£6,294,672 |
£7,293,800 |
-13.7% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
45 |
73 |
-38.4% |
| Lots Sold |
34 |
58 |
-41.4% |
| Percent Sold |
75.6% |
79.5% |
-4.9% |
| Total Raised |
£481,850 |
£18,919,300 |
-97.5% |
South-East Home Counties
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
1073 |
1106 |
-3.0% |
| Lots Sold |
744 |
838 |
-11.2% |
| Percent Sold |
69.3% |
75.8% |
-8.5% |
| Total Raised |
£109,312,090 |
£187,416,851 |
-41.7% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
895 |
897 |
-0.2% |
| Lots Sold |
617 |
681 |
-9.4% |
| Percent Sold |
68.9% |
75.9% |
-9.2% |
| Total Raised |
£77,744,840 |
£119,629,351 |
-35.0% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
178 |
209 |
-14.8% |
| Lots Sold |
127 |
157 |
-19.1% |
| Percent Sold |
71.3% |
75.1% |
-5.0% |
| Total Raised |
£31,567,250 |
£67,787,500 |
-53.4% |
South-West
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
654 |
754 |
-13.3% |
| Lots Sold |
421 |
556 |
-24.3% |
| Percent Sold |
64.4% |
73.7% |
-12.7% |
| Total Raised |
£56,491,700 |
£111,247,550 |
-49.2% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
474 |
537 |
-11.7% |
| Lots Sold |
303 |
376 |
-19.4% |
| Percent Sold |
63.9% |
70.0% |
-8.7% |
| Total Raised |
£38,048,000 |
£70,390,350 |
-45.9% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
180 |
217 |
-17.1% |
| Lots Sold |
118 |
180 |
-34.4% |
| Percent Sold |
65.6% |
82.9% |
-21.0% |
| Total Raised |
£18,443,700 |
£40,857,200 |
-54.9% |
Wales
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
603 |
653 |
-7.7% |
| Lots Sold |
338 |
393 |
-14.0% |
| Percent Sold |
56.1% |
60.2% |
-6.9% |
| Total Raised |
£30,818,000 |
£49,335,800 |
-37.5% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
493 |
530 |
-7.0% |
| Lots Sold |
285 |
313 |
-8.9% |
| Percent Sold |
57.8% |
59.1% |
-2.1% |
| Total Raised |
£23,812,750 |
£30,799,250 |
-22.7% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
110 |
123 |
-10.6% |
| Lots Sold |
53 |
80 |
-33.8% |
| Percent Sold |
48.2% |
65.0% |
-25.9% |
| Total Raised |
£7,005,250 |
£18,536,550 |
-62.2% |
West Midlands
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
949 |
1099 |
-13.6% |
| Lots Sold |
528 |
739 |
-28.6% |
| Percent Sold |
55.6% |
67.2% |
-17.3% |
| Total Raised |
£51,718,750 |
£118,461,295 |
-56.3% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
779 |
896 |
-13.1% |
| Lots Sold |
423 |
586 |
-27.8% |
| Percent Sold |
54.3% |
65.4% |
-17.0% |
| Total Raised |
£40,952,750 |
£75,082,695 |
-45.5% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
170 |
203 |
-16.3% |
| Lots Sold |
105 |
153 |
-31.4% |
| Percent Sold |
61.8% |
75.4% |
-18.1% |
| Total Raised |
£10,766,000 |
£43,378,600 |
-75.2% |
Yorkshire and The Humber
| Total |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
787 |
759 |
3.7% |
| Lots Sold |
516 |
545 |
-5.3% |
| Percent Sold |
65.6% |
71.8% |
-8.7% |
| Total Raised |
£49,893,160 |
£87,351,465 |
-42.9% |
| Residential |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
670 |
638 |
5.0% |
| Lots Sold |
440 |
465 |
-5.4% |
| Percent Sold |
65.7% |
72.9% |
-9.9% |
| Total Raised |
£40,362,110 |
£59,410,465 |
-32.1% |
| Commercial |
|
August - October 2008 |
August - October 2007 |
Increase |
| Lots Offered |
117 |
121 |
-3.3% |
| Lots Sold |
76 |
80 |
-5.0% |
| Percent Sold |
65.0% |
66.1% |
-1.8% |
| Total Raised |
£9,531,050 |
£27,941,000 |
-65.9% |
Your Comments
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