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EIG Auction News February 2018

Essential Information Group

February 2018 Newsletter

EIG monthly Newsletter

 

Essential Auction News

Welcome to the February newsletter that looks back at auction activity in January and preceding periods. Just 9 auctions were held across the UK last month, offering 430 lots (up 5%), selling 316 lots and raising £26M (down 15%).

Given the very small sample set it is difficult to draw any meaningful conclusions from the results. However, the quietest month in the auction calendar is now behind us and we're currently in the midst of one of the busiest. Around 4,000 lots are expected to go under the hammer in February so do look out for next month's newsletter which will provide a far more accurate account of today's market.

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

Overall Statistics January 2018

Auctions Held in the UK

9

Total Lots Offered

430

Total Lots Sold

316

Percent Sold

73.5%

Total Realised

£26,474,459

National Auction Analysis

409 residential lots were offered in January - a 4% increase on last year (393), but the amount raised dropped by £5M to £25M (down 16%). There were no major commercial auctions held in January, so the 21 commercial lots offered were by regional, predominantly residential auctioneers.

The rolling yearly figures show very marginal falls in the number of residential lots offered and sold, but the sale rate averaged a very healthy 76.5% over that period. The commercial sector has seen a more marked drop in lots offered and sold over the last 12 months - down 6% and 5.9% respectively, however the sale rate has remained strong at 79.3% and the amount raised largely comparable.

Overall

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


January 2018

November 2017 to January 2018

February 2017 to January 2018

Lots Offered

430 (408)

5.4%

6,089 (6,376)

4.5%

33,070 (33,793)

2.1%

Lots Sold

316 (315)

0.3%

4,560 (4,807)

5.1%

25,447 (25,795)

1.3%

Percent Sold

73.5% (77.2%)

4.8%

74.9% (75.4%)

0.7%

76.9% (76.3%)

0.8%

Total Raised

£26M (£31M)

14.6%

£768M (£858M)

10.5%

£4,641M (£4,689M)

1.0%


Residential

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


January 2018

November 2017 to January 2018

February 2017 to January 2018

Lots Offered

409 (393)

4.1%

5,219 (5,439)

4.0%

27,566 (27,940)

1.3%

Lots Sold

300 (303)

1.0%

3,906 (4,068)

4.0%

21,083 (21,158)

0.4%

Percent Sold

73.3% (77.1%)

4.9%

74.8% (74.8%)

0.0%

76.5% (75.7%)

1.1%

Total Raised

£25M (£30M)

15.5%

£553M (£618M)

10.5%

£3,196M (£3,238M)

1.3%


Commercial

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


January 2018

November 2017 to January 2018

February 2017 to January 2018

Lots Offered

21 (15)

40.0%

870 (937)

7.2%

5,504 (5,853)

6.0%

Lots Sold

16 (12)

33.3%

654 (739)

11.5%

4,364 (4,637)

5.9%

Percent Sold

76.2% (80.0%)

4.8%

75.2% (78.9%)

4.7%

79.3% (79.2%)

0.1%

Total Raised

£1M (£1M)

8.8%

£215M (£240M)

10.7%

£1,445M (£1,450M)

0.4%


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 2017 to January 2018

Total

Residential

Commercial

Lots Offered

169 (201)

15.9%

132 (161)

18.0%

37 (40)

7.5%

Lots Sold

141 (152)

7.2%

107 (120)

10.8%

34 (32)

6.3%

Percent Sold

83.4% (75.6%)

10.3%

81.1% (74.5%)

8.9%

91.9% (80.0%)

14.9%

Total Raised

£28M (£29M)

0.8%

£16M (£18M)

15.2%

£13M (£10M)

24.8%


East-MidlandsEast Midlands

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

464 (477)

2.7%

392 (413)

5.1%

72 (64)

12.5%

Lots Sold

367 (349)

5.2%

310 (296)

4.7%

57 (53)

7.5%

Percent Sold

79.1% (73.2%)

8.1%

79.1% (71.7%)

10.3%

79.2% (82.8%)

4.3%

Total Raised

£54M (£48M)

12.4%

£38M (£32M)

20.2%

£15M (£16M)

3.2%


LondonLondon

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

476 (627)

24.1%

441 (590)

25.3%

35 (37)

5.4%

Lots Sold

340 (441)

22.9%

315 (411)

23.4%

25 (30)

16.7%

Percent Sold

71.4% (70.3%)

1.6%

71.4% (69.7%)

2.4%

71.4% (81.1%)

12.0%

Total Raised

£141M (£216M)

34.5%

£121M (£178M)

32.0%

£20M (£37M)

46.6%


North-EastNorth-East

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

771 (638)

20.8%

732 (595)

23.0%

39 (43)

9.3%

Lots Sold

578 (474)

21.9%

550 (444)

23.9%

28 (30)

6.7%

Percent Sold

75.0% (74.3%)

0.9%

75.1% (74.6%)

0.7%

71.8% (69.8%)

2.9%

Total Raised

£43M (£38M)

13.1%

£40M (£31M)

27.0%

£4M (£7M)

48.5%


North-WestNorth-West

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

1,024 (983)

4.2%

906 (823)

10.1%

118 (160)

26.3%

Lots Sold

728 (744)

2.2%

650 (622)

4.5%

78 (122)

36.1%

Percent Sold

71.1% (75.7%)

6.1%

71.7% (75.6%)

5.2%

66.1% (76.3%)

13.4%

Total Raised

£68M (£79M)

13.8%

£51M (£53M)

3.1%

£17M (£26M)

35.5%


North-West-Home-CountiesNorth-West Home Counties

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

261 (265)

1.5%

216 (217)

0.5%

45 (48)

6.3%

Lots Sold

211 (219)

3.7%

173 (175)

1.1%

38 (44)

13.6%

Percent Sold

80.8% (82.6%)

2.2%

80.1% (80.6%)

0.6%

84.4% (91.7%)

8.0%

Total Raised

£65M (£74M)

11.5%

£41M (£51M)

19.3%

£24M (£23M)

5.8%


Northern-IrelandNorthern Ireland

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

133 (195)

31.8%

119 (153)

22.2%

14 (42)

66.7%

Lots Sold

69 (130)

46.9%

65 (95)

31.6%

4 (35)

88.6%

Percent Sold

51.9% (66.7%)

22.2%

54.6% (62.1%)

12.1%

28.6% (83.3%)

65.7%

Total Raised

£5M (£10M)

52.9%

£5M (£7M)

29.7%

£0M (£4M)

97.7%


ScotlandScotland

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

215 (212)

1.4%

144 (146)

1.4%

71 (66)

7.6%

Lots Sold

124 (138)

10.1%

74 (84)

11.9%

50 (54)

7.4%

Percent Sold

57.7% (65.1%)

11.4%

51.4% (57.5%)

10.6%

70.4% (81.8%)

13.9%

Total Raised

£17M (£15M)

12.7%

£4M (£5M)

19.9%

£13M (£10M)

27.8%


South-East-Home-CountiesSouth-East Home Counties

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

733 (697)

5.2%

624 (568)

9.9%

109 (129)

15.5%

Lots Sold

558 (539)

3.5%

476 (437)

8.9%

82 (102)

19.6%

Percent Sold

76.1% (77.3%)

1.6%

76.3% (76.9%)

0.8%

75.2% (79.1%)

4.9%

Total Raised

£136M (£140M)

2.7%

£97M (£88M)

9.8%

£39M (£52M)

24.0%


South-WestSouth-West

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

414 (396)

4.5%

303 (307)

1.3%

111 (89)

24.7%

Lots Sold

334 (304)

9.9%

241 (240)

0.4%

93 (64)

45.3%

Percent Sold

80.7% (76.8%)

5.1%

79.5% (78.2%)

1.7%

83.8% (71.9%)

16.6%

Total Raised

£71M (£60M)

18.9%

£49M (£46M)

7.6%

£22M (£14M)

54.7%


WalesWales

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

318 (311)

2.3%

251 (261)

3.8%

67 (50)

34.0%

Lots Sold

238 (234)

1.7%

186 (200)

7.0%

52 (34)

52.9%

Percent Sold

74.8% (75.2%)

0.5%

74.1% (76.6%)

3.3%

77.6% (68.0%)

14.1%

Total Raised

£28M (£21M)

31.2%

£16M (£14M)

13.7%

£12M (£7M)

66.2%


West-MidlandsWest Midlands

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

608 (731)

16.8%

541 (634)

14.7%

67 (97)

30.9%

Lots Sold

485 (579)

16.2%

432 (502)

13.9%

53 (77)

31.2%

Percent Sold

79.8% (79.2%)

0.8%

79.9% (79.2%)

0.9%

79.1% (79.4%)

0.4%

Total Raised

£62M (£75M)

17.3%

£45M (£56M)

18.4%

£17M (£19M)

14.1%


Yorkshire-and-The-HumberYorkshire and The Humber

November 2017 to January 2018

Total

Residential

Commercial

Lots Offered

503 (643)

21.8%

418 (571)

26.8%

85 (72)

18.1%

Lots Sold

387 (504)

23.2%

327 (442)

26.0%

60 (62)

3.2%

Percent Sold

76.9% (78.4%)

1.9%

78.2% (77.4%)

1.0%

70.6% (86.1%)

18.0%

Total Raised

£48M (£53M)

9.6%

£29M (£39M)

23.8%

£19M (£14M)

28.6%


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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