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BRG Gibson Auctions - EIG Monthly Newsletter September 2014

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Monthly News Update

Overall Statistics August 2014

Auctions Held in the UK

54

Total Lots Offered

907

Total Lots Sold

617

Percent Sold

68%

Total Realised

£56,281,350

 

Auction Data for August 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/september.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the September newsletter that looks back at property auction activity in August and preceding periods. Figures show a slight dip in the monthly activity when compared with August 2013, with lots offered and lots sold both down 5% and 11% respectively whilst total raised fell by over 14% to £56M. However, being a relatively quiet month in the auction calendar one should probably look to the rolling quarterly and yearly figures for a more accurate account of the market's strength, and these both remain largely positive.

As ever I would 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

Both residential and commercial markets suffered a dip in August, with falls in lots offered (5% residential, 7% commercial) and in lots sold (11% residential, 20% commercial).

The rolling quarterly figures show that the residential sector grew by 4% in terms of lots offered and 3% in lots sold, with a 9% gain in amounts raised. Conversely, commercial sector figures show a 1% fall in lots offered and a 4% fall in lots sold over the same period, however the amount raised continues to swell as figures show a 32% gain in this regard.

 

Total

Last Month

Last Quarter

Last Year

August 2014

August 2013

Increase

June 2014 - August 2014

June 2013 - August 2013

Increase

September 2013 - August 2014

September 2012 - August 2013

Increase

Lots Offered

907

956

-5.1%

8,083

7,832

3.2%

35,053

34,211

2.5%

Lots Sold

617

694

-11.1%

5,930

5,820

1.9%

27,105

26,121

3.8%

Percent Sold

68%

72.6%

-6.3%

73.4%

74.3%

-1.2%

77.3%

76.4%

1.2%

Total Raised

£56,281,350

£65,705,234

-14.3%

£898,750,223

£783,443,333

14.7%

£4,183,091,204

£3,643,239,031

14.8%

 

Residential

Last Month

Last Quarter

Last Year

August 2014

August 2013

Increase

June 2014 - August 2014

June 2013 - August 2013

Increase

September 2013 - August 2014

September 2012 - August 2013

Increase

Lots Offered

831

874

-4.9%

6,680

6,412

4.2%

28,335

27,796

1.9%

Lots Sold

567

633

-10.4%

4,929

4,777

3.2%

21,922

21,290

3.0%

Percent Sold

68.2%

72.4%

-5.8%

73.8%

74.5%

-0.9%

77.4%

76.6%

1.0%

Total Raised

£49,337,350

£59,264,634

-16.8%

£647,680,333

£593,701,639

9.1%

£2,908,208,434

£2,592,526,606

12.2%

 

Commercial

Last Month

Last Quarter

Last Year

August 2014

August 2013

Increase

June 2014 - August 2014

June 2013 - August 2013

Increase

September 2013 - August 2014

September 2012 - August 2013

Increase

Lots Offered

76

82

-7.3%

1,403

1,420

-1.2%

6,718

6,415

4.7%

Lots Sold

50

61

-18.0%

1,001

1,043

-4.0%

5,183

4,831

7.3%

Percent Sold

65.8%

74.4%

-11.6%

71.3%

73.5%

-3.0%

77.2%

75.3%

2.5%

Total Raised

£6,944,000

£6,440,600

7.8%

£251,069,890

£189,741,694

32.3%

£1,274,882,770

£1,050,712,425

21.3%

 

 

Regional Auction Analysis

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

East Anglia

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

286

229

24.9%

Lots Sold

234

176

33.0%

Percent Sold

81.8%

76.9%

6.4%

Total Raised

£28,928,200

£24,971,550

15.8%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

233

173

34.7%

Lots Sold

195

135

44.4%

Percent Sold

83.7%

78%

7.3%

Total Raised

£20,454,200

£15,737,550

30.0%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

53

56

-5.4%

Lots Sold

39

41

-4.9%

Percent Sold

73.6%

73.2%

0.5%

Total Raised

£8,474,000

£9,234,000

-8.2%

 

East Midlands

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

597

638

-6.4%

Lots Sold

437

484

-9.7%

Percent Sold

73.2%

75.9%

-3.6%

Total Raised

£53,431,350

£52,191,400

2.4%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

500

531

-5.8%

Lots Sold

370

407

-9.1%

Percent Sold

74%

76.6%

-3.4%

Total Raised

£43,006,600

£39,139,400

9.9%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

97

107

-9.3%

Lots Sold

67

77

-13.0%

Percent Sold

69.1%

72%

-4.0%

Total Raised

£10,424,750

£13,052,000

-20.1%

 

London

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

704

587

19.9%

Lots Sold

539

496

8.7%

Percent Sold

76.6%

84.5%

-9.3%

Total Raised

£221,591,550

£177,845,375

24.6%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

625

527

18.6%

Lots Sold

470

446

5.4%

Percent Sold

75.2%

84.6%

-11.1%

Total Raised

£166,974,450

£152,795,125

9.3%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

79

60

31.7%

Lots Sold

69

50

38.0%

Percent Sold

87.3%

83.3%

4.8%

Total Raised

£54,617,100

£25,050,250

118.0%

 

North-East

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

799

776

3.0%

Lots Sold

561

559

0.4%

Percent Sold

70.2%

72%

-2.5%

Total Raised

£43,559,150

£46,180,169

-5.7%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

752

718

4.7%

Lots Sold

532

518

2.7%

Percent Sold

70.7%

72.1%

-1.9%

Total Raised

£38,823,150

£40,998,420

-5.3%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

47

58

-19.0%

Lots Sold

29

41

-29.3%

Percent Sold

61.7%

70.7%

-12.7%

Total Raised

£4,736,000

£5,181,749

-8.6%

 

North-West

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

1,175

1,491

-21.2%

Lots Sold

844

1,142

-26.1%

Percent Sold

71.8%

76.6%

-6.3%

Total Raised

£86,791,398

£97,303,790

-10.8%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

894

1,185

-24.6%

Lots Sold

651

917

-29.0%

Percent Sold

72.8%

77.4%

-5.9%

Total Raised

£51,474,168

£70,608,305

-27.1%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

281

306

-8.2%

Lots Sold

193

225

-14.2%

Percent Sold

68.7%

73.5%

-6.5%

Total Raised

£35,317,230

£26,695,485

32.3%

 

North-West Home Counties

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

265

262

1.1%

Lots Sold

213

203

4.9%

Percent Sold

80.4%

77.5%

3.7%

Total Raised

£67,790,000

£47,333,400

43.2%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

197

207

-4.8%

Lots Sold

156

158

-1.3%

Percent Sold

79.2%

76.3%

3.8%

Total Raised

£40,340,350

£32,015,350

26.0%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

68

55

23.6%

Lots Sold

57

45

26.7%

Percent Sold

83.8%

81.8%

2.4%

Total Raised

£27,449,650

£15,318,050

79.2%

 

Northern Ireland

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

391

249

57.0%

Lots Sold

285

164

73.8%

Percent Sold

72.9%

65.9%

10.6%

Total Raised

£19,166,200

£9,160,400

109.2%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

345

229

50.7%

Lots Sold

252

149

69.1%

Percent Sold

73%

65.1%

12.1%

Total Raised

£16,248,700

£7,795,400

108.4%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

46

20

130.0%

Lots Sold

33

15

120.0%

Percent Sold

71.7%

75%

-4.4%

Total Raised

£2,917,500

£1,365,000

113.7%

 

Scotland

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

294

269

9.3%

Lots Sold

137

127

7.9%

Percent Sold

46.6%

47.2%

-1.3%

Total Raised

£7,790,350

£8,239,820

-5.5%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

231

215

7.4%

Lots Sold

106

95

11.6%

Percent Sold

45.9%

44.2%

3.8%

Total Raised

£4,706,350

£4,302,820

9.4%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

63

54

16.7%

Lots Sold

31

32

-3.1%

Percent Sold

49.2%

59.3%

-17.0%

Total Raised

£3,084,000

£3,937,000

-21.7%

 

South-East Home Counties

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

791

698

13.3%

Lots Sold

630

546

15.4%

Percent Sold

79.6%

78.2%

1.8%

Total Raised

£124,930,921

£101,130,100

23.5%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

666

536

24.3%

Lots Sold

528

421

25.4%

Percent Sold

79.3%

78.5%

1.0%

Total Raised

£91,212,721

£72,485,650

25.8%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

125

162

-22.8%

Lots Sold

102

125

-18.4%

Percent Sold

81.6%

77.2%

5.7%

Total Raised

£33,718,200

£28,644,450

17.7%

 

South-West

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

598

547

9.3%

Lots Sold

441

411

7.3%

Percent Sold

73.7%

75.1%

-1.9%

Total Raised

£86,910,510

£67,435,450

28.9%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

445

413

7.7%

Lots Sold

320

306

4.6%

Percent Sold

71.9%

74.1%

-3.0%

Total Raised

£58,545,350

£48,052,950

21.8%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

153

134

14.2%

Lots Sold

121

105

15.2%

Percent Sold

79.1%

78.4%

0.9%

Total Raised

£28,365,160

£19,382,500

46.3%

 

Wales

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

550

514

7.0%

Lots Sold

385

389

-1.0%

Percent Sold

70%

75.7%

-7.5%

Total Raised

£31,761,694

£32,388,710

-1.9%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

424

392

8.2%

Lots Sold

301

308

-2.3%

Percent Sold

71%

78.6%

-9.7%

Total Raised

£23,188,194

£24,794,100

-6.5%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

126

122

3.3%

Lots Sold

84

81

3.7%

Percent Sold

66.7%

66.4%

0.5%

Total Raised

£8,573,500

£7,594,610

12.9%

 

West Midlands

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

875

705

24.1%

Lots Sold

672

523

28.5%

Percent Sold

76.8%

74.2%

3.5%

Total Raised

£73,441,000

£61,409,600

19.6%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

731

559

30.8%

Lots Sold

578

420

37.6%

Percent Sold

79.1%

75.1%

5.3%

Total Raised

£54,547,750

£44,771,000

21.8%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

144

146

-1.4%

Lots Sold

94

103

-8.7%

Percent Sold

65.3%

70.5%

-7.4%

Total Raised

£18,893,250

£16,638,600

13.6%

 

Yorkshire and The Humber

Total

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

758

867

-12.6%

Lots Sold

552

600

-8.0%

Percent Sold

72.8%

69.2%

5.2%

Total Raised

£52,657,900

£57,853,569

-9.0%

 

Residential

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

637

727

-12.4%

Lots Sold

470

497

-5.4%

Percent Sold

73.8%

68.4%

7.9%

Total Raised

£38,158,350

£40,205,569

-5.1%

 

Commercial

June 2014 - August 2014

June 2013 - August 2013

Increase

Lots Offered

121

140

-13.6%

Lots Sold

82

103

-20.4%

Percent Sold

67.8%

73.6%

-7.9%

Total Raised

£14,499,550

£17,648,000

-17.8%