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July 2017 Newsletter

Essential Auction News

Welcome to the July newsletter that looks back at auction activity in June and preceding periods. 126 auctions were held across the UK last month, 18 fewer than in June 2016, yet the market saw very little change in terms of overall performance. The number of lots offered increased by one solitary instruction, to 2,663 lots, whilst there were 14 fewer lots sold - down 0.7% to 1,947 lots. The total amount raised fell 3.7% to £267M, down £10M from June 2016.

The rolling quarterly and yearly figures show small falls in lots offered, lots sold and amount raised, but sale rates remain consistently healthy at around 76% indicating that demand remains high for keenly priced lots.

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

Overall Statistics June 2017

Auctions Held in the UK

126

Total Lots Offered

2,663

Total Lots Sold

1,947

Percent Sold

73.1%

Total Realised

£266,830,790

National Auction Analysis

The residential market saw a small increase in lots offered last month, up 1.5% to 2,317 lots, whilst lots sold fell by 0.6% to 1,684 lots. The rolling quarterly figures show minor fluctuations, but overall the sector's recent results have been largely comparable to those recorded last year.

In the commercial market, lots offered and sold fell by 9% and 1.5% respectively last month, whilst the amount raised dropped by £1M to £33M. However, none of the major commercial auctioneers held an auction in June so you can't read too much into these figures, as they will be predominantly made up of commercial lots offered by residential auctioneers.

Having witnessed commercial lot volumes increase throughout the first quarter of 2017, it is slightly surprising to see those trends reversed in the second quarter, with lots offered and sold down 10% on Q2 2016. One contributing factor could have been the furore surrounding the general election; from the unexpected announcement in April through to the extraordinary conclusion of a hung parliament on June 9th. Now the dust has settled one hopes that the market strengthens again through the second half of the year.

Overall

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

June 2017

April 2017 to June 2017

July 2016 to June 2017

Lots Offered

2,663 (2,662)

0.0%

8,122 (8,328)

2.5%

33,586 (33,965)

1.1%

Lots Sold

1,947 (1,961)

0.7%

6,177 (6,244)

1.1%

25,583 (26,215)

2.4%

Percent Sold

73.1% (73.7%)

0.8%

76.1% (75.0%)

1.5%

76.2% (77.2%)

1.3%

Total Raised

£267M (£277M)

3.7%

£1,050M (£1,086M)

3.3%

£4,553M (£4,814M)

5.4%


Residential

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

June 2017

April 2017 to June 2017

July 2016 to June 2017

Lots Offered

2,317 (2,282)

1.5%

6,806 (6,858)

0.8%

27,775 (28,096)

1.1%

Lots Sold

1,684 (1,694)

0.6%

5,172 (5,129)

0.8%

21,011 (21,584)

2.7%

Percent Sold

72.7% (74.2%)

2.0%

76.0% (74.8%)

1.6%

75.6% (76.8%)

1.6%

Total Raised

£234M (£243M)

3.8%

£779M (£786M)

0.9%

£3,176M (£3,368M)

5.7%


Commercial

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

June 2017

April 2017 to June 2017

July 2016 to June 2017

Lots Offered

346 (380)

8.9%

1,316 (1,470)

10.5%

5,811 (5,869)

1.0%

Lots Sold

263 (267)

1.5%

1,005 (1,115)

9.9%

4,572 (4,631)

1.3%

Percent Sold

76.0% (70.3%)

8.1%

76.4% (75.9%)

0.7%

78.7% (78.9%)

0.3%

Total Raised

£33M (£34M)

2.7%

£271M (£301M)

9.7%

£1,377M (£1,446M)

4.7%


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

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

251 (276)

9.1%

199 (195)

2.1%

52 (81)

35.8%

Lots Sold

219 (223)

1.8%

170 (153)

11.1%

49 (70)

30.0%

Percent Sold

87.3% (80.8%)

8.0%

85.4% (78.5%)

8.8%

94.2% (86.4%)

9.0%

Total Raised

£38M (£39M)

4.3%

£27M (£23M)

17.8%

£11M (£16M)

35.1%


East-MidlandsEast Midlands

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

671 (624)

7.5%

579 (526)

10.1%

92 (98)

6.1%

Lots Sold

519 (460)

12.8%

449 (380)

18.2%

70 (80)

12.5%

Percent Sold

77.3% (73.7%)

4.9%

77.5% (72.2%)

7.3%

76.1% (81.6%)

6.7%

Total Raised

£71M (£65M)

9.0%

£53M (£43M)

25.3%

£18M (£23M)

21.6%


LondonLondon

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

618 (678)

8.8%

567 (643)

11.8%

51 (35)

45.7%

Lots Sold

447 (515)

13.2%

405 (489)

17.2%

42 (26)

61.5%

Percent Sold

72.3% (76.0%)

4.9%

71.4% (76.0%)

6.1%

82.4% (74.3%)

10.9%

Total Raised

£206M (£217M)

5.3%

£173M (£198M)

12.6%

£32M (£19M)

71.7%


North-EastNorth-East

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

761 (874)

12.9%

708 (811)

12.7%

53 (63)

15.9%

Lots Sold

597 (645)

7.4%

555 (606)

8.4%

42 (39)

7.7%

Percent Sold

78.4% (73.8%)

6.2%

78.4% (74.7%)

5.0%

79.2% (61.9%)

27.9%

Total Raised

£50M (£53M)

5.5%

£40M (£45M)

10.6%

£10M (£8M)

23.5%


North-WestNorth-West

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

1,152 (1,249)

7.8%

928 (991)

6.4%

224 (258)

13.2%

Lots Sold

900 (953)

5.6%

732 (754)

2.9%

168 (199)

15.6%

Percent Sold

78.1% (76.3%)

2.4%

78.9% (76.1%)

3.7%

75.0% (77.1%)

2.7%

Total Raised

£105M (£107M)

1.5%

£68M (£65M)

4.0%

£38M (£42M)

10.0%


North-West-Home-CountiesNorth-West Home Counties

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

373 (319)

16.9%

322 (258)

24.8%

51 (61)

16.4%

Lots Sold

289 (265)

9.1%

249 (216)

15.3%

40 (49)

18.4%

Percent Sold

77.5% (83.1%)

6.7%

77.3% (83.7%)

7.6%

78.4% (80.3%)

2.4%

Total Raised

£69M (£81M)

14.7%

£51M (£57M)

9.9%

£18M (£24M)

26.0%


Northern-IrelandNorthern Ireland

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

290 (262)

10.7%

237 (226)

4.9%

53 (36)

47.2%

Lots Sold

184 (96)

91.7%

148 (79)

87.3%

36 (17)

111.8%

Percent Sold

63.4% (36.6%)

73.2%

62.4% (35.0%)

78.3%

67.9% (47.2%)

43.9%

Total Raised

£27M (£7M)

259.4%

£20M (£6M)

246.2%

£7M (£2M)

303.8%


ScotlandScotland

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

212 (206)

2.9%

160 (150)

6.7%

52 (56)

7.1%

Lots Sold

122 (122)

0.0%

85 (83)

2.4%

37 (39)

5.1%

Percent Sold

57.5% (59.2%)

2.9%

53.1% (55.3%)

4.0%

71.2% (69.6%)

2.3%

Total Raised

£13M (£10M)

32.1%

£5M (£5M)

1.6%

£8M (£5M)

64.8%


South-East-Home-CountiesSouth-East Home Counties

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

944 (930)

1.5%

785 (747)

5.1%

159 (183)

13.1%

Lots Sold

741 (741)

0.0%

612 (594)

3.0%

129 (147)

12.2%

Percent Sold

78.5% (79.7%)

1.5%

78.0% (79.5%)

1.9%

81.1% (80.3%)

1.0%

Total Raised

£172M (£203M)

15.3%

£128M (£135M)

5.5%

£44M (£68M)

34.8%


South-WestSouth-West

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

576 (636)

9.4%

430 (482)

10.8%

146 (154)

5.2%

Lots Sold

425 (502)

15.3%

314 (379)

17.2%

111 (123)

9.8%

Percent Sold

73.8% (78.9%)

6.5%

73.0% (78.6%)

7.1%

76.0% (79.9%)

4.9%

Total Raised

£87M (£102M)

15.0%

£60M (£72M)

16.7%

£27M (£30M)

11.0%


WalesWales

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

560 (574)

2.4%

451 (425)

6.1%

109 (149)

26.8%

Lots Sold

412 (413)

0.2%

336 (310)

8.4%

76 (103)

26.2%

Percent Sold

73.6% (72.0%)

2.2%

74.5% (72.9%)

2.2%

69.7% (69.1%)

0.9%

Total Raised

£41M (£40M)

0.5%

£29M (£27M)

6.8%

£12M (£13M)

12.2%


West-MidlandsWest Midlands

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

965 (875)

10.3%

802 (705)

13.8%

163 (170)

4.1%

Lots Sold

733 (702)

4.4%

614 (571)

7.5%

119 (131)

9.2%

Percent Sold

76.0% (80.2%)

5.2%

76.6% (81.0%)

5.4%

73.0% (77.1%)

5.3%

Total Raised

£97M (£94M)

2.7%

£74M (£63M)

18.3%

£23M (£32M)

28.1%


Yorkshire-and-The-HumberYorkshire and The Humber

April 2017 to June 2017

Total

Residential

Commercial

Lots Offered

749 (825)

9.2%

638 (699)

8.7%

111 (126)

11.9%

Lots Sold

589 (607)

3.0%

503 (515)

2.3%

86 (92)

6.5%

Percent Sold

78.6% (73.6%)

6.8%

78.8% (73.7%)

6.9%

77.5% (73.0%)

6.2%

Total Raised

£75M (£66M)

13.4%

£51M (£47M)

6.9%

£25M (£19M)

29.7%


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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