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Monthly News

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Monthly News Update

Overall Statistics June 2014

Auctions Held in the UK

154

Total Lots Offered

2,902

Total Lots Sold

2,177

Percent Sold

75%

Total Realised

£292,589,492

 

Auction Data for June 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/july.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the July newsletter that looks back at auction activity in June and preceding periods. The volume of lots offered at auction increased marginally to 2,902 (up 1.2%), whilst lots sold increased by 4.6% to 2,177. The industry sale rate remains comparative to the long-term average - hovering in the mid-late seventies as it has been for almost a year now.

The market continues to make huge gains in auction revenues, as the figures below show a 22.5% rise on June 2013 to £292.5M. It is also the fifth month running in which property auctions have seen double-digit rises in the monthly, quarterly and yearly comparisons for total raised - a startling trend and one that is indicative of the increased buying activity and rising house prices that has been widely reported in the open market in recent times.

Finally, I have just published a half-year auction market review which takes an in-depth look at the industry and how it has fared over the last 10 years - read it here.

As ever I welcome any comments or feedback you may 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 overall increases made in lots offered and lots sold in June were largely due to another strong showing in the residential market, which saw gains made in every measurable parameter for a fifth consecutive month. Notably, last month the gavel fell on 1,835 residential lots - a 6.5% rise on June 2013 and the highest number recorded in June since 2007 when the market was at its peak.

In contrast, the commercial market experienced a second successive fall in auction lots offered and lots sold - down 4.9% and 4.5% respectively, although despite this the commercial auction revenues continue to increase.

 

Total

Last Month

Last Quarter

Last Year

June 2014

June 2013

Increase

April 2014 - June 2014

April 2013 - June 2013

Increase

July 2013 - June 2014

July 2012 - June 2013

Increase

Lots Offered

2,902

2,868

1.2%

9,094

8,934

1.8%

34,748

33,897

2.5%

Lots Sold

2,177

2,081

4.6%

6,981

6,754

3.4%

27,066

25,767

5.0%

Percent Sold

75%

72.6%

3.3%

76.8%

75.6%

1.6%

77.9%

76%

2.5%

Total Raised

£292,589,492

£238,877,575

22.5%

£1,057,300,187

£911,351,911

16.0%

£4,135,127,643

£3,569,333,703

15.9%

 

Residential

Last Month

Last Quarter

Last Year

June 2014

June 2013

Increase

April 2014 - June 2014

April 2013 - June 2013

Increase

July 2013 - June 2014

July 2012 - June 2013

Increase

Lots Offered

2,421

2,362

2.5%

7,469

7,301

2.3%

28,035

27,452

2.1%

Lots Sold

1,835

1,723

6.5%

5,768

5,521

4.5%

21,846

20,918

4.4%

Percent Sold

75.8%

72.9%

4.0%

77.2%

75.6%

2.1%

77.9%

76.2%

2.2%

Total Raised

£248,642,732

£201,298,840

23.5%

£786,394,057

£673,260,719

16.8%

£2,896,978,441

£2,506,680,577

15.6%

 

Commercial

Last Month

Last Quarter

Last Year

June 2014

June 2013

Increase

April 2014 - June 2014

April 2013 - June 2013

Increase

July 2013 - June 2014

July 2012 - June 2013

Increase

Lots Offered

481

506

-4.9%

1,625

1,633

-0.5%

6,713

6,445

4.2%

Lots Sold

342

358

-4.5%

1,213

1,233

-1.6%

5,220

4,849

7.7%

Percent Sold

71.1%

70.8%

0.4%

74.6%

75.5%

-1.2%

77.8%

75.2%

3.5%

Total Raised

£43,946,760

£37,578,735

16.9%

£270,906,130

£238,091,192

13.8%

£1,238,149,202

£1,062,653,126

16.5%

 

 

Regional Auction Analysis

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

East Anglia

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

313

259

20.8%

Lots Sold

258

194

33.0%

Percent Sold

82.4%

74.9%

10.0%

Total Raised

£41,165,300

£26,180,500

57.2%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

230

205

12.2%

Lots Sold

189

156

21.2%

Percent Sold

82.2%

76.1%

8.0%

Total Raised

£26,362,100

£20,520,000

28.5%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

83

54

53.7%

Lots Sold

69

38

81.6%

Percent Sold

83.1%

70.4%

18.0%

Total Raised

£14,803,200

£5,660,500

161.5%

 

East Midlands

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

702

742

-5.4%

Lots Sold

547

534

2.4%

Percent Sold

77.9%

72%

8.2%

Total Raised

£65,883,900

£60,217,800

9.4%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

580

604

-4.0%

Lots Sold

454

440

3.2%

Percent Sold

78.3%

72.8%

7.6%

Total Raised

£47,933,900

£45,477,800

5.4%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

122

138

-11.6%

Lots Sold

93

94

-1.1%

Percent Sold

76.2%

68.1%

11.9%

Total Raised

£17,950,000

£14,740,000

21.8%

 

London

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

805

701

14.8%

Lots Sold

657

604

8.8%

Percent Sold

81.6%

86.2%

-5.3%

Total Raised

£273,478,800

£204,012,350

34.1%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

745

626

19.0%

Lots Sold

604

539

12.1%

Percent Sold

81.1%

86.1%

-5.8%

Total Raised

£232,079,800

£171,136,850

35.6%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

60

75

-20.0%

Lots Sold

53

65

-18.5%

Percent Sold

88.3%

86.7%

1.8%

Total Raised

£41,399,000

£32,875,500

25.9%

 

North-East

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

896

871

2.9%

Lots Sold

641

658

-2.6%

Percent Sold

71.5%

75.5%

-5.3%

Total Raised

£49,291,110

£51,976,260

-5.2%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

808

794

1.8%

Lots Sold

583

595

-2.0%

Percent Sold

72.2%

74.9%

-3.6%

Total Raised

£40,943,720

£42,863,510

-4.5%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

88

77

14.3%

Lots Sold

58

63

-7.9%

Percent Sold

65.9%

81.8%

-19.4%

Total Raised

£8,347,390

£9,112,750

-8.4%

 

North-West

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

1,553

1,656

-6.2%

Lots Sold

1,153

1,259

-8.4%

Percent Sold

74.2%

76%

-2.4%

Total Raised

£106,750,697

£109,668,535

-2.7%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

1,216

1,324

-8.2%

Lots Sold

920

1,003

-8.3%

Percent Sold

75.7%

75.8%

-0.1%

Total Raised

£68,431,187

£74,368,200

-8.0%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

337

332

1.5%

Lots Sold

233

256

-9.0%

Percent Sold

69.1%

77.1%

-10.4%

Total Raised

£38,319,510

£35,300,335

8.6%

 

North-West Home Counties

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

323

296

9.1%

Lots Sold

270

226

19.5%

Percent Sold

83.6%

76.4%

9.4%

Total Raised

£78,329,700

£60,116,400

30.3%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

252

229

10.0%

Lots Sold

211

173

22.0%

Percent Sold

83.7%

75.5%

10.9%

Total Raised

£53,389,700

£34,731,600

53.7%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

71

67

6.0%

Lots Sold

59

53

11.3%

Percent Sold

83.1%

79.1%

5.1%

Total Raised

£24,940,000

£25,384,800

-1.8%

 

Northern Ireland

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

368

164

124.4%

Lots Sold

270

116

132.8%

Percent Sold

73.4%

70.7%

3.8%

Total Raised

£18,706,000

£6,016,900

210.9%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

327

144

127.1%

Lots Sold

241

100

141.0%

Percent Sold

73.7%

69.4%

6.2%

Total Raised

£15,980,500

£4,837,400

230.4%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

41

20

105.0%

Lots Sold

29

16

81.3%

Percent Sold

70.7%

80%

-11.6%

Total Raised

£2,725,500

£1,179,500

131.1%

 

Scotland

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

236

306

-22.9%

Lots Sold

136

163

-16.6%

Percent Sold

57.6%

53.3%

8.1%

Total Raised

£8,420,710

£12,300,144

-31.5%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

190

251

-24.3%

Lots Sold

105

131

-19.8%

Percent Sold

55.3%

52.2%

5.9%

Total Raised

£5,480,210

£9,664,688

-43.3%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

46

55

-16.4%

Lots Sold

31

32

-3.1%

Percent Sold

67.4%

58.2%

15.8%

Total Raised

£2,940,500

£2,635,456

11.6%

 

South-East Home Counties

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

856

844

1.4%

Lots Sold

699

677

3.2%

Percent Sold

81.7%

80.2%

1.9%

Total Raised

£139,501,550

£128,857,767

8.3%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

702

684

2.6%

Lots Sold

575

548

4.9%

Percent Sold

81.9%

80.1%

2.2%

Total Raised

£97,909,650

£84,822,068

15.4%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

154

160

-3.8%

Lots Sold

124

129

-3.9%

Percent Sold

80.5%

80.6%

-0.1%

Total Raised

£41,591,900

£44,035,699

-5.5%

 

South-West

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

642

739

-13.1%

Lots Sold

513

547

-6.2%

Percent Sold

79.9%

74%

8.0%

Total Raised

£91,094,780

£80,684,852

12.9%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

467

551

-15.2%

Lots Sold

366

398

-8.0%

Percent Sold

78.4%

72.2%

8.6%

Total Raised

£64,838,450

£56,846,900

14.1%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

175

188

-6.9%

Lots Sold

147

149

-1.3%

Percent Sold

84%

79.3%

5.9%

Total Raised

£26,256,330

£23,837,952

10.1%

 

Wales

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

556

598

-7.0%

Lots Sold

407

448

-9.2%

Percent Sold

73.2%

74.9%

-2.3%

Total Raised

£35,946,145

£39,155,800

-8.2%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

416

441

-5.7%

Lots Sold

310

341

-9.1%

Percent Sold

74.5%

77.3%

-3.6%

Total Raised

£21,933,145

£27,422,600

-20.0%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

140

157

-10.8%

Lots Sold

97

107

-9.3%

Percent Sold

69.3%

68.2%

1.6%

Total Raised

£14,013,000

£11,733,200

19.4%

 

West Midlands

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

1,020

861

18.5%

Lots Sold

806

677

19.1%

Percent Sold

79%

78.6%

0.5%

Total Raised

£87,893,604

£73,969,903

18.8%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

856

706

21.2%

Lots Sold

690

563

22.6%

Percent Sold

80.6%

79.7%

1.1%

Total Raised

£67,018,604

£55,333,403

21.1%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

164

155

5.8%

Lots Sold

116

114

1.8%

Percent Sold

70.7%

73.5%

-3.8%

Total Raised

£20,875,000

£18,636,500

12.0%

 

Yorkshire and The Humber

Total

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

824

897

-8.1%

Lots Sold

624

651

-4.1%

Percent Sold

75.7%

72.6%

4.3%

Total Raised

£60,837,891

£58,194,700

4.5%

 

Residential

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

680

742

-8.4%

Lots Sold

520

534

-2.6%

Percent Sold

76.5%

72%

6.3%

Total Raised

£44,093,091

£45,235,700

-2.5%

 

Commercial

April 2014 - June 2014

April 2013 - June 2013

Increase

Lots Offered

144

155

-7.1%

Lots Sold

104

117

-11.1%

Percent Sold

72.2%

75.5%

-4.4%

Total Raised

£16,744,800

£12,959,000

29.2%

 

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