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Auction Data for October 2014

Go to our homepage

Monthly News Update

Overall Statistics October 2014

Auctions Held in the UK

172

Total Lots Offered

3,987

Total Lots Sold

2,904

Percent Sold

72.8%

Total Realised

£542,278,962

 

Auction Data for October 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 https://www.eigroup.co.uk/market-data/newsletters/2014/november.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the November newsletter that looks back at auction activity in October and preceding periods. Overall lots offered was largely unchanged from October 2013 (up 0.4% to 3,987 lots), but the number of lots sold fell by 5.2% to 2,904 lots. The 72.8% sale rate is synonymous with rates achieved in the past few months, and despite being several points lower than last year it remains comparative to the long-term average.

Looking forward, we are fast approaching one of the busiest periods in the auction calendar and I hope to be able to report on a strong finish to the year. As ever I would welcome any comments or feedback you may have regarding the newsletter of indeed the wider market in general.

Kind regards

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

National Auction Analysis

As mentioned above the volume of lots offered was comparative to last year, however both sectors witnessed a fall in auction sales. This was more hard-felt in the residential market (-6.1% compared with -2.1% in commercial), but both sectors still managed to achieve healthy sale rates of 72% and 75.6% respectively.

Auction revenues remain strong, particularly in the residential sector, as gains of between 12% and 15% are evident in figures for the month, rolling quarter and rolling year.

 

Total

Last Month

Last Quarter

Last Year

October 2014

October 2013

Increase

August 2014 - October 2014

August 2013 - October 2013

Increase

November 2013 - October 2014

November 2012 - October 2013

Increase

Lots Offered

3,987

3,972

0.4%

8,919

8,687

2.7%

35,302

34,501

2.3%

Lots Sold

2,904

3,064

-5.2%

6,423

6,617

-2.9%

26,837

26,481

1.3%

Percent Sold

72.8%

77.1%

-5.6%

72%

76.2%

-5.5%

76%

76.8%

-1.0%

Total Raised

£542,278,962

£493,011,005

10.0%

£1,002,948,498

£916,574,637

9.4%

£4,254,951,655

£3,753,268,220

13.4%

 

Residential

Last Month

Last Quarter

Last Year

October 2014

October 2013

Increase

August 2014 - October 2014

August 2013 - October 2013

Increase

November 2013 - October 2014

November 2012 - October 2013

Increase

Lots Offered

3,078

3,075

0.1%

7,393

7,111

4.0%

28,660

27,991

2.4%

Lots Sold

2,217

2,362

-6.1%

5,323

5,393

-1.3%

21,813

21,500

1.5%

Percent Sold

72%

76.8%

-6.3%

72%

75.8%

-5.0%

76.1%

76.8%

-0.9%

Total Raised

£342,254,931

£298,236,195

14.8%

£751,401,415

£666,155,157

12.8%

£2,992,353,132

£2,670,277,670

12.1%

 

Commercial

Last Month

Last Quarter

Last Year

October 2014

October 2013

Increase

August 2014 - October 2014

August 2013 - October 2013

Increase

November 2013 - October 2014

November 2012 - October 2013

Increase

Lots Offered

909

897

1.3%

1,526

1,576

-3.2%

6,642

6,510

2.0%

Lots Sold

687

702

-2.1%

1,100

1,224

-10.1%

5,024

4,981

0.9%

Percent Sold

75.6%

78.3%

-3.4%

72.1%

77.7%

-7.2%

75.6%

76.5%

-1.2%

Total Raised

£200,024,031

£194,774,810

2.7%

£251,547,083

£250,419,480

0.5%

£1,262,598,523

£1,082,990,550

16.6%

 

 

Regional Auction Analysis

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

East Anglia

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

288

279

3.2%

Lots Sold

222

230

-3.5%

Percent Sold

77.1%

82.4%

-6.4%

Total Raised

£33,914,950

£29,474,500

15.1%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

231

194

19.1%

Lots Sold

178

153

16.3%

Percent Sold

77.1%

78.9%

-2.3%

Total Raised

£25,894,950

£18,478,600

40.1%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

57

85

-32.9%

Lots Sold

44

77

-42.9%

Percent Sold

77.2%

90.6%

-14.8%

Total Raised

£8,020,000

£10,995,900

-27.1%

 

East Midlands

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

751

674

11.4%

Lots Sold

551

501

10.0%

Percent Sold

73.4%

74.3%

-1.2%

Total Raised

£64,673,754

£54,347,950

19.0%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

633

549

15.3%

Lots Sold

465

406

14.5%

Percent Sold

73.5%

74%

-0.7%

Total Raised

£47,011,754

£41,784,650

12.5%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

118

125

-5.6%

Lots Sold

86

95

-9.5%

Percent Sold

72.9%

76%

-4.1%

Total Raised

£17,662,000

£12,563,300

40.6%

 

London

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

726

649

11.9%

Lots Sold

555

554

0.2%

Percent Sold

76.4%

85.4%

-10.5%

Total Raised

£244,786,349

£191,613,000

27.8%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

686

583

17.7%

Lots Sold

525

502

4.6%

Percent Sold

76.5%

86.1%

-11.1%

Total Raised

£219,511,849

£165,453,000

32.7%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

40

66

-39.4%

Lots Sold

30

52

-42.3%

Percent Sold

75%

78.8%

-4.8%

Total Raised

£25,274,500

£26,160,000

-3.4%

 

North-East

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

833

927

-10.1%

Lots Sold

581

683

-14.9%

Percent Sold

69.7%

73.7%

-5.4%

Total Raised

£47,892,475

£59,999,999

-20.2%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

768

843

-8.9%

Lots Sold

539

619

-12.9%

Percent Sold

70.2%

73.4%

-4.4%

Total Raised

£39,595,725

£49,749,499

-20.4%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

65

84

-22.6%

Lots Sold

42

64

-34.4%

Percent Sold

64.6%

76.2%

-15.2%

Total Raised

£8,296,750

£10,250,500

-19.1%

 

North-West

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

1,430

1,424

0.4%

Lots Sold

967

1,086

-11.0%

Percent Sold

67.6%

76.3%

-11.4%

Total Raised

£88,329,787

£100,643,816

-12.2%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

1,117

1,146

-2.5%

Lots Sold

755

875

-13.7%

Percent Sold

67.6%

76.4%

-11.5%

Total Raised

£60,394,511

£66,928,076

-9.8%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

313

278

12.6%

Lots Sold

212

211

0.5%

Percent Sold

67.7%

75.9%

-10.8%

Total Raised

£27,935,276

£33,715,740

-17.1%

 

North-West Home Counties

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

313

323

-3.1%

Lots Sold

249

263

-5.3%

Percent Sold

79.6%

81.4%

-2.2%

Total Raised

£72,081,127

£59,055,161

22.1%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

249

254

-2.0%

Lots Sold

191

206

-7.3%

Percent Sold

76.7%

81.1%

-5.4%

Total Raised

£41,463,627

£37,866,111

9.5%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

64

69

-7.2%

Lots Sold

58

57

1.8%

Percent Sold

90.6%

82.6%

9.7%

Total Raised

£30,617,500

£21,189,050

44.5%

 

Northern Ireland

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

301

325

-7.4%

Lots Sold

179

200

-10.5%

Percent Sold

59.5%

61.5%

-3.3%

Total Raised

£11,275,550

£10,543,102

6.9%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

281

307

-8.5%

Lots Sold

170

192

-11.5%

Percent Sold

60.5%

62.5%

-3.2%

Total Raised

£10,477,550

£9,477,602

10.6%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

20

18

11.1%

Lots Sold

9

8

12.5%

Percent Sold

45%

44.4%

1.4%

Total Raised

£798,000

£1,065,500

-25.1%

 

Scotland

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

296

358

-17.3%

Lots Sold

154

184

-16.3%

Percent Sold

52%

51.4%

1.2%

Total Raised

£10,930,505

£10,515,825

3.9%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

246

295

-16.6%

Lots Sold

126

146

-13.7%

Percent Sold

51.2%

49.5%

3.4%

Total Raised

£6,301,505

£6,289,475

0.2%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

50

63

-20.6%

Lots Sold

28

38

-26.3%

Percent Sold

56%

60.3%

-7.1%

Total Raised

£4,629,000

£4,226,350

9.5%

 

South-East Home Counties

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

872

821

6.2%

Lots Sold

686

656

4.6%

Percent Sold

78.7%

79.9%

-1.5%

Total Raised

£152,687,053

£139,065,495

9.8%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

694

633

9.6%

Lots Sold

547

508

7.7%

Percent Sold

78.8%

80.3%

-1.9%

Total Raised

£106,332,698

£84,564,045

25.7%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

178

188

-5.3%

Lots Sold

139

148

-6.1%

Percent Sold

78.1%

78.7%

-0.8%

Total Raised

£46,354,355

£54,501,450

-14.9%

 

South-West

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

660

578

14.2%

Lots Sold

494

460

7.4%

Percent Sold

74.8%

79.6%

-6.0%

Total Raised

£89,796,349

£78,387,300

14.6%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

479

414

15.7%

Lots Sold

346

318

8.8%

Percent Sold

72.2%

76.8%

-6.0%

Total Raised

£58,582,849

£55,152,050

6.2%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

181

164

10.4%

Lots Sold

148

142

4.2%

Percent Sold

81.8%

86.6%

-5.5%

Total Raised

£31,213,500

£23,235,250

34.3%

 

Wales

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

618

572

8.0%

Lots Sold

450

447

0.7%

Percent Sold

72.8%

78.1%

-6.8%

Total Raised

£43,538,474

£37,842,300

15.1%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

471

445

5.8%

Lots Sold

337

347

-2.9%

Percent Sold

71.5%

78%

-8.3%

Total Raised

£27,238,973

£29,290,950

-7.0%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

147

127

15.7%

Lots Sold

113

100

13.0%

Percent Sold

76.9%

78.7%

-2.3%

Total Raised

£16,299,501

£8,551,350

90.6%

 

West Midlands

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

955

915

4.4%

Lots Sold

710

730

-2.7%

Percent Sold

74.3%

79.8%

-6.9%

Total Raised

£79,427,926

£89,208,725

-11.0%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

793

751

5.6%

Lots Sold

596

601

-0.8%

Percent Sold

75.2%

80%

-6.0%

Total Raised

£59,466,225

£59,634,725

-0.3%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

162

164

-1.2%

Lots Sold

114

129

-11.6%

Percent Sold

70.4%

78.7%

-10.5%

Total Raised

£19,961,701

£29,574,000

-32.5%

 

Yorkshire and The Humber

Total

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

876

842

4.0%

Lots Sold

625

623

0.3%

Percent Sold

71.3%

74%

-3.6%

Total Raised

£63,614,199

£55,877,464

13.8%

 

Residential

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

745

697

6.9%

Lots Sold

548

520

5.4%

Percent Sold

73.6%

74.6%

-1.3%

Total Raised

£49,129,199

£41,486,374

18.4%

 

Commercial

August 2014 - October 2014

August 2013 - October 2013

Increase

Lots Offered

131

145

-9.7%

Lots Sold

77

103

-25.2%

Percent Sold

58.8%

71%

-17.2%

Total Raised

£14,485,000

£14,391,090

0.7%

 

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