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EIG Monthly Newsletter June 2014

Go to our homepage

Monthly News Update

Overall Statistics May 2014

Auctions Held in the UK

143

Total Lots Offered

3,319

Total Lots Sold

2,543

Percent Sold

76.6%

Total Realised

£471,929,704

 

Auction Data for May 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/june.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the June newsletter that looks back at auction activity in May and preceding periods. The monthly volume of lots offered (3,319) and lots sold (2,543) was near-identical to May 2013, yet the total raised increased by 11.7% to £471.9M. Figures show even larger gains made in the rolling quarterly and yearly periods - more on this below.

Next month I will be publishing a half-year market report, assessing the current state of the auction market and comparing against the open market. A link to the review will be sent out in the next newsletter so do look out for that.

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

Kind regards

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

National Auction Analysis

The residential auction market performed slightly better than the commercial market in May, as figures below show a 3% rise in residential auction sales compared with a 10% fall in commercial sales. That notwithstanding, the total revenues earned in both markets continues to swell. The rolling quarterly figures show residential amounts raised were up a massive £128M on the same period last year - a 20% rise, whilst the commercial market fared better still with a 27% rise - up £70M to £336.8M.

 

Total

Last Month

Last Quarter

Last Year

May 2014

May 2013

Increase

March 2014 - May 2014

March 2013 - May 2013

Increase

June 2013 - May 2014

June 2012 - May 2013

Increase

Lots Offered

3,319

3,326

-0.2%

9,049

8,549

5.8%

34,762

33,528

3.7%

Lots Sold

2,543

2,537

0.2%

6,842

6,369

7.4%

26,747

25,210

6.1%

Percent Sold

76.6%

76.3%

0.4%

75.6%

74.5%

1.5%

76.9%

75.2%

2.3%

Total Raised

£471,929,704

£422,450,870

11.7%

£1,115,768,416

£916,504,718

21.7%

£3,996,993,047

£3,467,372,863

15.3%

 

Residential

Last Month

Last Quarter

Last Year

May 2014

May 2013

Increase

March 2014 - May 2014

March 2013 - May 2013

Increase

June 2013 - May 2014

June 2012 - May 2013

Increase

Lots Offered

2,618

2,574

1.7%

7,333

6,955

5.4%

28,016

27,256

2.8%

Lots Sold

2,024

1,959

3.3%

5,578

5,195

7.4%

21,583

20,559

5.0%

Percent Sold

77.3%

76.1%

1.6%

76.1%

74.7%

1.9%

77%

75.4%

2.1%

Total Raised

£315,874,814

£269,720,264

17.1%

£778,925,933

£650,126,360

19.8%

£2,829,114,185

£2,464,244,901

14.8%

 

Commercial

Last Month

Last Quarter

Last Year

May 2014

May 2013

Increase

March 2014 - May 2014

March 2013 - May 2013

Increase

June 2013 - May 2014

June 2012 - May 2013

Increase

Lots Offered

701

752

-6.8%

1,716

1,594

7.7%

6,746

6,272

7.6%

Lots Sold

519

578

-10.2%

1,264

1,174

7.7%

5,164

4,651

11.0%

Percent Sold

74%

76.9%

-3.8%

73.7%

73.7%

0.0%

76.5%

74.2%

3.1%

Total Raised

£156,054,890

£152,730,606

2.2%

£336,842,483

£266,378,358

26.5%

£1,167,878,862

£1,003,127,962

16.4%

 

 

Regional Auction Analysis

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

East Anglia

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

284

258

10.1%

Lots Sold

232

203

14.3%

Percent Sold

81.7%

78.7%

3.8%

Total Raised

£39,201,250

£29,339,000

33.6%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

206

198

4.0%

Lots Sold

167

159

5.0%

Percent Sold

81.1%

80.3%

1.0%

Total Raised

£23,881,050

£20,535,500

16.3%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

78

60

30.0%

Lots Sold

65

44

47.7%

Percent Sold

83.3%

73.3%

13.6%

Total Raised

£15,320,200

£8,803,500

74.0%

 

East Midlands

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

757

680

11.3%

Lots Sold

565

490

15.3%

Percent Sold

74.6%

72.1%

3.5%

Total Raised

£63,680,700

£54,129,850

17.6%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

626

549

14.0%

Lots Sold

474

403

17.6%

Percent Sold

75.7%

73.4%

3.1%

Total Raised

£47,302,150

£41,182,350

14.9%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

131

131

0.0%

Lots Sold

91

87

4.6%

Percent Sold

69.5%

66.4%

4.7%

Total Raised

£16,378,550

£12,947,500

26.5%

 

London

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

810

735

10.2%

Lots Sold

708

632

12.0%

Percent Sold

87.4%

86%

1.6%

Total Raised

£319,372,800

£217,659,469

46.7%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

731

646

13.2%

Lots Sold

639

555

15.1%

Percent Sold

87.4%

85.9%

1.7%

Total Raised

£258,123,300

£177,140,969

45.7%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

79

89

-11.2%

Lots Sold

69

77

-10.4%

Percent Sold

87.3%

86.5%

0.9%

Total Raised

£61,249,500

£40,518,500

51.2%

 

North-East

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

941

898

4.8%

Lots Sold

653

655

-0.3%

Percent Sold

69.4%

72.9%

-4.8%

Total Raised

£51,070,410

£52,862,830

-3.4%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

846

810

4.4%

Lots Sold

589

587

0.3%

Percent Sold

69.6%

72.5%

-4.0%

Total Raised

£41,590,520

£43,374,880

-4.1%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

95

88

8.0%

Lots Sold

64

68

-5.9%

Percent Sold

67.4%

77.3%

-12.8%

Total Raised

£9,479,890

£9,487,950

-0.1%

 

North-West

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

1,488

1,216

22.4%

Lots Sold

1,063

873

21.8%

Percent Sold

71.4%

71.8%

-0.6%

Total Raised

£100,222,460

£84,322,950

18.9%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

1,196

979

22.2%

Lots Sold

869

700

24.1%

Percent Sold

72.7%

71.5%

1.7%

Total Raised

£63,187,150

£52,925,850

19.4%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

292

237

23.2%

Lots Sold

194

173

12.1%

Percent Sold

66.4%

73%

-9.0%

Total Raised

£37,035,310

£31,397,100

18.0%

 

North-West Home Counties

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

371

310

19.7%

Lots Sold

312

247

26.3%

Percent Sold

84.1%

79.7%

5.5%

Total Raised

£99,030,325

£66,121,100

49.8%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

260

226

15.0%

Lots Sold

219

182

20.3%

Percent Sold

84.2%

80.5%

4.6%

Total Raised

£53,305,300

£39,680,600

34.3%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

111

84

32.1%

Lots Sold

93

65

43.1%

Percent Sold

83.8%

77.4%

8.3%

Total Raised

£45,725,025

£26,440,500

72.9%

 

Northern Ireland

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

256

229

11.8%

Lots Sold

184

161

14.3%

Percent Sold

71.9%

70.3%

2.3%

Total Raised

£13,244,800

£8,266,150

60.2%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

222

217

2.3%

Lots Sold

156

155

0.6%

Percent Sold

70.3%

71.4%

-1.5%

Total Raised

£11,078,300

£7,642,650

45.0%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

34

12

183.3%

Lots Sold

28

6

366.7%

Percent Sold

82.4%

50%

64.8%

Total Raised

£2,166,500

£623,500

247.5%

 

Scotland

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

280

316

-11.4%

Lots Sold

164

168

-2.4%

Percent Sold

58.6%

53.2%

10.2%

Total Raised

£20,472,109

£14,925,976

37.2%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

238

273

-12.8%

Lots Sold

138

148

-6.8%

Percent Sold

58%

54.2%

7.0%

Total Raised

£8,027,309

£10,571,520

-24.1%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

42

43

-2.3%

Lots Sold

26

20

30.0%

Percent Sold

61.9%

46.5%

33.1%

Total Raised

£12,444,800

£4,354,456

185.8%

 

South-East Home Counties

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

928

956

-2.9%

Lots Sold

750

745

0.7%

Percent Sold

80.8%

77.9%

3.7%

Total Raised

£148,717,335

£146,574,228

1.5%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

740

760

-2.6%

Lots Sold

605

595

1.7%

Percent Sold

81.8%

78.3%

4.5%

Total Raised

£102,779,900

£87,183,278

17.9%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

188

196

-4.1%

Lots Sold

145

150

-3.3%

Percent Sold

77.1%

76.5%

0.8%

Total Raised

£45,937,435

£59,390,950

-22.7%

 

South-West

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

596

643

-7.3%

Lots Sold

473

469

0.9%

Percent Sold

79.4%

72.9%

8.9%

Total Raised

£76,440,849

£70,589,702

8.3%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

391

471

-17.0%

Lots Sold

312

334

-6.6%

Percent Sold

79.8%

70.9%

12.6%

Total Raised

£47,048,949

£47,695,250

-1.4%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

205

172

19.2%

Lots Sold

161

135

19.3%

Percent Sold

78.5%

78.5%

0.0%

Total Raised

£29,391,900

£22,894,452

28.4%

 

Wales

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

572

611

-6.4%

Lots Sold

416

461

-9.8%

Percent Sold

72.7%

75.5%

-3.7%

Total Raised

£38,782,200

£49,203,700

-21.2%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

415

442

-6.1%

Lots Sold

304

335

-9.3%

Percent Sold

73.3%

75.8%

-3.3%

Total Raised

£22,934,200

£28,850,750

-20.5%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

157

169

-7.1%

Lots Sold

112

126

-11.1%

Percent Sold

71.3%

74.6%

-4.4%

Total Raised

£15,848,000

£20,352,950

-22.1%

 

West Midlands

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

953

902

5.7%

Lots Sold

728

698

4.3%

Percent Sold

76.4%

77.4%

-1.3%

Total Raised

£83,096,704

£73,868,203

12.5%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

802

728

10.2%

Lots Sold

620

573

8.2%

Percent Sold

77.3%

78.7%

-1.8%

Total Raised

£59,888,704

£55,028,703

8.8%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

151

174

-13.2%

Lots Sold

108

125

-13.6%

Percent Sold

71.5%

71.8%

-0.4%

Total Raised

£23,208,000

£18,839,500

23.2%

 

Yorkshire and The Humber

Total

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

813

795

2.3%

Lots Sold

594

567

4.8%

Percent Sold

73.1%

71.3%

2.5%

Total Raised

£62,436,474

£48,641,560

28.4%

 

Residential

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

660

656

0.6%

Lots Sold

486

469

3.6%

Percent Sold

73.6%

71.5%

2.9%

Total Raised

£39,779,101

£38,314,060

3.8%

 

Commercial

March 2014 - May 2014

March 2013 - May 2013

Increase

Lots Offered

153

139

10.1%

Lots Sold

108

98

10.2%

Percent Sold

70.6%

70.5%

0.1%

Total Raised

£22,657,373

£10,327,500

119.4%

 

Your Comments

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