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Monthly News Update

Overall Statistics February 2014

Auctions Held in the UK

136

Total Lots Offered

4,037

Total Lots Sold

3,157

Percent Sold

78.2%

Total Realised

£494,218,537

 

Auction Data for February 2014

 

Difficulty reading the figures?

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/market-data/newsletters/2014/march.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the March newsletter that looks back at auction activity in February and preceding periods. The property auction market performed strongly in February, with a 78.2% sale rate and 2% gains made in lots offered and lots sold. The total raised from auction sales continued its upward curve, as £494.2m worth of property was sold (up 11% on February 2013), whilst the rolling quarterly figures show an even bigger gain in this regard as over £1bn was raised - up over 16% from the previous year.

I look forward to any comments you may have regarding the newsletter or the wider market in general.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk
01737 232 289

National Auction Analysis

Positive figures are prevalent across both the residential and commercial sectors, aside from a slight dip in the residential percent sold for February (down 1% to 78.2%). The largest increases are seen, unsurprisingly, in the total raised figures, highlighted by the 15% rise achieved in the residential market during February alone (up to £355.8m from £309.3m).

The commercial market also fared well in February, with lots sold up 9% to 662 lots and a healthy 78.3% sale rate (up from 73% last year). It has been a productive 3-month period for commercial auctions, as the rolling quarterly figures show a 12% rise in lots offered and an 18% rise in lots sold.

 

Total

Last Month

Last Quarter

Last Year

February 2014

February 2013

Increase

December 2013 - February 2014

December 2012 - February 2013

Increase

March 2013 - February 2014

March 2012 - February 2013

Increase

Lots Offered

4,037

3,965

1.8%

8,086

7,867

2.8%

34,226

34,118

0.3%

Lots Sold

3,157

3,086

2.3%

6,293

5,995

5.0%

26,492

25,641

3.3%

Percent Sold

78.2%

77.8%

0.5%

77.8%

76.2%

2.1%

77.4%

75.2%

2.9%

Total Raised

£494,218,537

£445,455,076

10.9%

£1,008,858,739

£867,911,383

16.2%

£3,857,109,526

£3,501,273,334

10.2%

 

Residential

Last Month

Last Quarter

Last Year

February 2014

February 2013

Increase

December 2013 - February 2014

December 2012 - February 2013

Increase

March 2013 - February 2014

March 2012 - February 2013

Increase

Lots Offered

3,191

3,135

1.8%

6,363

6,331

0.5%

27,593

27,753

-0.6%

Lots Sold

2,495

2,480

0.6%

4,956

4,870

1.8%

21,359

20,932

2.0%

Percent Sold

78.2%

79.1%

-1.1%

77.9%

76.9%

1.3%

77.4%

75.4%

2.7%

Total Raised

£355,867,772

£309,334,000

15.0%

£683,324,247

£592,402,164

15.3%

£2,719,241,540

£2,479,247,174

9.7%

 

Commercial

Last Month

Last Quarter

Last Year

February 2014

February 2013

Increase

December 2013 - February 2014

December 2012 - February 2013

Increase

March 2013 - February 2014

March 2012 - February 2013

Increase

Lots Offered

846

830

1.9%

1,723

1,536

12.2%

6,633

6,365

4.2%

Lots Sold

662

606

9.2%

1,337

1,125

18.8%

5,133

4,709

9.0%

Percent Sold

78.3%

73%

7.3%

77.6%

73.2%

6.0%

77.4%

74%

4.6%

Total Raised

£138,350,765

£136,121,076

1.6%

£325,534,492

£275,509,219

18.2%

£1,137,867,986

£1,022,026,160

11.3%

 

 

Regional Auction Analysis

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

East Anglia

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

269

228

18.0%

Lots Sold

221

181

22.1%

Percent Sold

82.2%

79.4%

3.5%

Total Raised

£38,621,554

£28,438,745

35.8%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

185

189

-2.1%

Lots Sold

154

148

4.1%

Percent Sold

83.2%

78.3%

6.3%

Total Raised

£21,112,355

£17,701,245

19.3%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

84

39

115.4%

Lots Sold

67

33

103.0%

Percent Sold

79.8%

84.6%

-5.7%

Total Raised

£17,509,199

£10,737,500

63.1%

 

East Midlands

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

599

628

-4.6%

Lots Sold

473

484

-2.3%

Percent Sold

79%

77.1%

2.5%

Total Raised

£58,153,502

£52,045,250

11.7%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

494

528

-6.4%

Lots Sold

392

411

-4.6%

Percent Sold

79.4%

77.8%

2.1%

Total Raised

£39,101,242

£35,478,000

10.2%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

105

100

5.0%

Lots Sold

81

73

11.0%

Percent Sold

77.1%

73%

5.6%

Total Raised

£19,052,260

£16,567,250

15.0%

 

London

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

841

815

3.2%

Lots Sold

738

706

4.5%

Percent Sold

87.8%

86.6%

1.4%

Total Raised

£269,429,320

£238,359,008

13.0%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

742

722

2.8%

Lots Sold

646

632

2.2%

Percent Sold

87.1%

87.5%

-0.5%

Total Raised

£221,025,220

£196,284,008

12.6%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

99

93

6.5%

Lots Sold

92

74

24.3%

Percent Sold

92.9%

79.6%

16.7%

Total Raised

£48,404,100

£42,075,000

15.0%

 

North-East

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

871

922

-5.5%

Lots Sold

633

683

-7.3%

Percent Sold

72.7%

74.1%

-1.9%

Total Raised

£58,064,494

£50,960,820

13.9%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

791

853

-7.3%

Lots Sold

569

641

-11.2%

Percent Sold

71.9%

75.1%

-4.3%

Total Raised

£44,484,244

£45,095,320

-1.4%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

80

69

15.9%

Lots Sold

64

42

52.4%

Percent Sold

80%

60.9%

31.4%

Total Raised

£13,580,250

£5,865,500

131.5%

 

North-West

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

1,298

1,424

-8.8%

Lots Sold

947

1,051

-9.9%

Percent Sold

73%

73.8%

-1.1%

Total Raised

£91,586,755

£86,586,340

5.8%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

940

1,108

-15.2%

Lots Sold

696

839

-17.0%

Percent Sold

74%

75.7%

-2.2%

Total Raised

£54,477,800

£56,527,267

-3.6%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

358

316

13.3%

Lots Sold

251

212

18.4%

Percent Sold

70.1%

67.1%

4.5%

Total Raised

£37,108,955

£30,059,073

23.5%

 

North-West Home Counties

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

340

304

11.8%

Lots Sold

264

245

7.8%

Percent Sold

77.6%

80.6%

-3.7%

Total Raised

£79,654,450

£75,040,090

6.1%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

243

222

9.5%

Lots Sold

196

176

11.4%

Percent Sold

80.7%

79.3%

1.8%

Total Raised

£48,831,750

£34,903,390

39.9%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

97

82

18.3%

Lots Sold

68

69

-1.4%

Percent Sold

70.1%

84.1%

-16.6%

Total Raised

£30,822,700

£40,136,700

-23.2%

 

Northern Ireland

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

190

228

-16.7%

Lots Sold

132

168

-21.4%

Percent Sold

69.5%

73.7%

-5.7%

Total Raised

£8,563,750

£7,559,150

13.3%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

181

222

-18.5%

Lots Sold

129

165

-21.8%

Percent Sold

71.3%

74.3%

-4.0%

Total Raised

£8,026,250

£7,364,150

9.0%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

9

6

50.0%

Lots Sold

3

3

0.0%

Percent Sold

33.3%

50%

-33.4%

Total Raised

£537,500

£195,000

175.6%

 

Scotland

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

188

240

-21.7%

Lots Sold

112

111

0.9%

Percent Sold

59.6%

46.3%

28.7%

Total Raised

£11,137,133

£9,394,500

18.5%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

138

186

-25.8%

Lots Sold

77

80

-3.8%

Percent Sold

55.8%

43%

29.8%

Total Raised

£4,600,333

£3,989,650

15.3%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

50

54

-7.4%

Lots Sold

35

31

12.9%

Percent Sold

70%

57.4%

22.0%

Total Raised

£6,536,800

£5,404,850

20.9%

 

South-East Home Counties

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

927

877

5.7%

Lots Sold

795

707

12.4%

Percent Sold

85.8%

80.6%

6.5%

Total Raised

£166,829,490

£134,998,811

23.6%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

676

635

6.5%

Lots Sold

583

516

13.0%

Percent Sold

86.2%

81.3%

6.0%

Total Raised

£96,737,475

£73,625,311

31.4%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

251

242

3.7%

Lots Sold

212

191

11.0%

Percent Sold

84.5%

78.9%

7.1%

Total Raised

£70,092,015

£61,373,500

14.2%

 

South-West

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

446

402

10.9%

Lots Sold

326

296

10.1%

Percent Sold

73.1%

73.6%

-0.7%

Total Raised

£57,338,140

£43,720,756

31.1%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

326

286

14.0%

Lots Sold

233

205

13.7%

Percent Sold

71.5%

71.7%

-0.3%

Total Raised

£35,731,140

£27,831,700

28.4%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

120

116

3.4%

Lots Sold

93

91

2.2%

Percent Sold

77.5%

78.4%

-1.1%

Total Raised

£21,607,000

£15,889,056

36.0%

 

Wales

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

402

412

-2.4%

Lots Sold

323

303

6.6%

Percent Sold

80.3%

73.5%

9.3%

Total Raised

£26,786,716

£25,466,900

5.2%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

286

271

5.5%

Lots Sold

227

197

15.2%

Percent Sold

79.4%

72.7%

9.2%

Total Raised

£15,515,903

£15,611,800

-0.6%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

116

141

-17.7%

Lots Sold

96

106

-9.4%

Percent Sold

82.8%

75.2%

10.1%

Total Raised

£11,270,813

£9,855,100

14.4%

 

West Midlands

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

805

638

26.2%

Lots Sold

653

496

31.7%

Percent Sold

81.1%

77.7%

4.4%

Total Raised

£73,741,055

£59,535,573

23.9%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

638

498

28.1%

Lots Sold

516

392

31.6%

Percent Sold

80.9%

78.7%

2.8%

Total Raised

£51,039,605

£36,776,633

38.8%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

167

140

19.3%

Lots Sold

137

104

31.7%

Percent Sold

82%

74.3%

10.4%

Total Raised

£22,701,450

£22,758,940

-0.3%

 

Yorkshire and The Humber

Total

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

910

749

21.5%

Lots Sold

676

564

19.9%

Percent Sold

74.3%

75.3%

-1.3%

Total Raised

£68,952,380

£55,805,440

23.6%

 

Residential

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

723

611

18.3%

Lots Sold

538

468

15.0%

Percent Sold

74.4%

76.6%

-2.9%

Total Raised

£42,640,930

£41,213,690

3.5%

 

Commercial

December 2013 - February 2014

December 2012 - February 2013

Increase

Lots Offered

187

138

35.5%

Lots Sold

138

96

43.8%

Percent Sold

73.8%

69.6%

6.0%

Total Raised

£26,311,450

£14,591,750

80.3%

 

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