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EIG Monthly Newsletter February 2017

Essential Information Group

February 2017 Newsletter

EIG monthly Newsletter

 

Essential Auction News

Welcome to the February newsletter that looks back at auction activity in January and preceding periods. As is usually the case at the turn of the year, January was a very quiet month with only 408 lots offered in 15 auctions held across the UK.

Whilst this was down 17% on last year, one cannot draw any meaningful conclusions due to the smaller-than-average sample set. Instead it will be all eyes on next month's publication to see if the industry can pick up where it left off in December when auction records were sent tumbling.

In the meantime I would, as ever, welcome any feedback or questions you may have about our newsletters or the wider market in general.

Overall Statistics January 2017

Auctions Held in the UK

15

Total Lots Offered

408

Total Lots Sold

315

Percent Sold

77.2%

Total Realised

£31,006,177

National Auction Analysis

Only 15 out of the 408 lots offered last month were commercial lots (12 sold raising £1m), and none of these were offered by any of the London commercial auctioneers. The rolling quarterly and rolling yearly statistics show commercial sales were down 7.3% and 8.6% respectively, however the amount raised grew by 9% in both periods indicating that larger lot sizes have been on the rise.

Of the 393 residential lots that went under the hammer, 303 lots sold (77%) with a total value of £30m. The rolling quarterly and yearly figures remain largely positive, with lots offered up 4% in both periods and small increases in lots sold.

Overall

N.B. Figures in brackets denote the comparative period last year

January 2017

November 2016 to January 2017

February 2016 to January 2017

Lots Offered

408 (492)

17.1%

6,376 (6,236)

2.2%

33,793 (33,228)

1.7%

Lots Sold

315 (354)

11.0%

4,807 (4,850)

0.9%

25,795 (25,957)

0.6%

Percent Sold

77.2% (72.0%)

7.2%

75.4% (77.8%)

3.1%

76.3% (78.1%)

2.3%

Total Raised

£31M (£33M)

6.3%

£858M (£846M)

1.4%

£4,689M (£4,511M)

3.9%


Residential

N.B. Figures in brackets denote the comparative period last year

January 2017

November 2016 to January 2017

February 2016 to January 2017

Lots Offered

393 (473)

16.9%

5,439 (5,238)

3.8%

27,940 (26,878)

4.0%

Lots Sold

303 (343)

11.7%

4,068 (4,054)

0.3%

21,158 (20,886)

1.3%

Percent Sold

77.1% (72.5%)

6.3%

74.8% (77.4%)

3.4%

75.7% (77.7%)

2.6%

Total Raised

£30M (£32M)

6.3%

£618M (£626M)

1.3%

£3,238M (£3,181M)

1.8%


Commercial

N.B. Figures in brackets denote the comparative period last year

January 2017

November 2016 to January 2017

February 2016 to January 2017

Lots Offered

15 (19)

21.1%

937 (998)

6.1%

5,853 (6,350)

7.8%

Lots Sold

12 (11)

9.1%

739 (796)

7.2%

4,637 (5,071)

8.6%

Percent Sold

80.0% (57.9%)

38.2%

78.9% (79.8%)

1.1%

79.2% (79.9%)

0.9%

Total Raised

£1M (£1M)

6.0%

£240M (£220M)

9.4%

£1,450M (£1,330M)

9.0%


Regional Auction Analysis

As is usually the case, variations across all the measurable parameters can be seen across the regions.

N.B. Figures in brackets denote the comparative period last year

East-AngliaEast Anglia

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

201 (177)

13.6%

161 (128)

25.8%

40 (49)

18.4%

Lots Sold

152 (145)

4.8%

120 (105)

14.3%

32 (40)

20.0%

Percent Sold

75.6% (81.9%)

7.7%

74.5% (82.0%)

9.1%

80.0% (81.6%)

2.0%

Total Raised

£29M (£23M)

27.2%

£18M (£14M)

28.6%

£10M (£8M)

24.8%


East-MidlandsEast Midlands

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

477 (540)

11.7%

413 (460)

10.2%

64 (80)

20.0%

Lots Sold

349 (421)

17.1%

296 (359)

17.5%

53 (62)

14.5%

Percent Sold

73.2% (78.0%)

6.2%

71.7% (78.0%)

8.1%

82.8% (77.5%)

6.8%

Total Raised

£48M (£64M)

24.8%

£32M (£45M)

28.2%

£16M (£19M)

16.9%


LondonLondon

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

627 (582)

7.7%

590 (527)

12.0%

37 (55)

32.7%

Lots Sold

441 (474)

7.0%

411 (423)

2.8%

30 (51)

41.2%

Percent Sold

70.3% (81.4%)

13.6%

69.7% (80.3%)

13.2%

81.1% (92.7%)

12.5%

Total Raised

£216M (£218M)

1.3%

£178M (£192M)

6.8%

£37M (£27M)

38.8%


North-EastNorth-East

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

638 (721)

11.5%

595 (678)

12.2%

43 (43)

0.0%

Lots Sold

474 (551)

14.0%

444 (519)

14.5%

30 (32)

6.3%

Percent Sold

74.3% (76.4%)

2.7%

74.6% (76.5%)

2.5%

69.8% (74.4%)

6.2%

Total Raised

£38M (£41M)

7.4%

£31M (£37M)

15.6%

£7M (£4M)

63.6%


North-WestNorth-West

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

983 (883)

11.3%

823 (737)

11.7%

160 (146)

9.6%

Lots Sold

744 (658)

13.1%

622 (544)

14.3%

122 (114)

7.0%

Percent Sold

75.7% (74.5%)

1.6%

75.6% (73.8%)

2.4%

76.3% (78.1%)

2.3%

Total Raised

£79M (£70M)

13.5%

£53M (£48M)

10.5%

£26M (£22M)

20.1%


North-West-Home-CountiesNorth-West Home Counties

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

265 (189)

40.2%

217 (148)

46.6%

48 (41)

17.1%

Lots Sold

219 (159)

37.7%

175 (123)

42.3%

44 (36)

22.2%

Percent Sold

82.6% (84.1%)

1.8%

80.6% (83.1%)

3.0%

91.7% (87.8%)

4.4%

Total Raised

£74M (£48M)

52.5%

£51M (£33M)

53.8%

£23M (£15M)

49.9%


Northern-IrelandNorthern Ireland

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

195 (225)

13.3%

153 (168)

8.9%

42 (57)

26.3%

Lots Sold

130 (157)

17.2%

95 (112)

15.2%

35 (45)

22.2%

Percent Sold

66.7% (69.8%)

4.4%

62.1% (66.7%)

6.9%

83.3% (78.9%)

5.6%

Total Raised

£10M (£14M)

27.8%

£7M (£10M)

33.7%

£4M (£4M)

13.0%


ScotlandScotland

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

212 (219)

3.2%

146 (172)

15.1%

66 (47)

40.4%

Lots Sold

138 (140)

1.4%

84 (103)

18.4%

54 (37)

45.9%

Percent Sold

65.1% (63.9%)

1.9%

57.5% (59.9%)

4.0%

81.8% (78.7%)

3.9%

Total Raised

£15M (£13M)

14.7%

£5M (£7M)

30.1%

£10M (£6M)

63.1%


South-East-Home-CountiesSouth-East Home Counties

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

697 (775)

10.1%

568 (646)

12.1%

129 (129)

0.0%

Lots Sold

539 (638)

15.5%

437 (525)

16.8%

102 (113)

9.7%

Percent Sold

77.3% (82.3%)

6.1%

76.9% (81.3%)

5.4%

79.1% (87.6%)

9.7%

Total Raised

£140M (£165M)

15.1%

£88M (£104M)

15.6%

£52M (£60M)

14.3%


South-WestSouth-West

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

396 (417)

5.0%

307 (309)

0.6%

89 (108)

17.6%

Lots Sold

304 (309)

1.6%

240 (232)

3.4%

64 (77)

16.9%

Percent Sold

76.8% (74.1%)

3.6%

78.2% (75.1%)

4.1%

71.9% (71.3%)

0.8%

Total Raised

£60M (£58M)

2.4%

£46M (£42M)

9.5%

£14M (£17M)

15.0%


WalesWales

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

311 (341)

8.8%

261 (266)

1.9%

50 (75)

33.3%

Lots Sold

234 (273)

14.3%

200 (209)

4.3%

34 (64)

46.9%

Percent Sold

75.2% (80.1%)

6.1%

76.6% (78.6%)

2.5%

68.0% (85.3%)

20.3%

Total Raised

£21M (£20M)

8.9%

£14M (£13M)

11.9%

£7M (£7M)

3.2%


West-MidlandsWest Midlands

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

731 (594)

23.1%

634 (501)

26.5%

97 (93)

4.3%

Lots Sold

579 (485)

19.4%

502 (413)

21.5%

77 (72)

6.9%

Percent Sold

79.2% (81.6%)

2.9%

79.2% (82.4%)

3.9%

79.4% (77.4%)

2.6%

Total Raised

£75M (£65M)

15.1%

£56M (£47M)

18.8%

£19M (£18M)

5.5%


Yorkshire-and-The-HumberYorkshire and The Humber

November 2016 to January 2017

Total

Residential

Commercial

Lots Offered

643 (573)

12.2%

571 (498)

14.7%

72 (75)

4.0%

Lots Sold

504 (440)

14.5%

442 (387)

14.2%

62 (53)

17.0%

Percent Sold

78.4% (76.8%)

2.1%

77.4% (77.7%)

0.4%

86.1% (70.7%)

21.8%

Total Raised

£53M (£46M)

14.8%

£39M (£35M)

10.7%

£14M (£11M)

27.6%


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 anytime.

A word from the editor

David Sandeman


As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general.

Kind regards

David Sandeman

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