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Auction Data for November 2014

Go to our homepage

Monthly News Update

Overall Statistics November 2014

Auctions Held in the UK

119

Total Lots Offered

1,997

Total Lots Sold

1,431

Percent Sold

71.7%

Total Realised

£166,764,854

 

Auction Data for November 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/december.html

Essential Auction News

David Sandeman, Managing Director

Welcome to the December newsletter that looks back at auction activity in November and preceding periods. The market experienced a slight dip in November, with lots offered and lots sold down 2% and 4% respectively, Over the past 12-18 months rising house prices have been driving auction revenues skywards, and the figures below show this trend continues with gains of 6%, 12% and 15% in the monthly, quarterly and yearly 'total raised' comparisons.

The Autumn budget saw the Chancellor announce an overhaul of the stamp duty system, as a graduated scheme was introduced with immediate effect. Homebuyers will now pay stamp duty on the proportion of the property price paid above newly reformed thresholds, which should bring an end to the abundance of property auction transactions seen at, or just below the previous stamp duty thresholds of £125,000, £250,000 and £500,000.

May I take this opportunity to wish you all a peaceful holiday and a prosperous new year!

Kind regards

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

National Auction Analysis

Activity in the residential auction market was largely comparable to November 2013, with lots offered slightly up (1.5%) and lots sold marginally down (-1.9%) on last year's figures. The residential total amount raised increased by over 12% in the monthly comparisons, and over 14% in the quarterly and yearly comparisons - the third consecutive month that we have seen double-digit rises in this regard.

Commercial numbers were down last month, with 20% fewer lots offered and 16% fewer lots sold when compared with November 2013. However one shouldn't read too much into this drop as none of the London commercial auctioneers held an auction in November, so the numbers will be mainly made up of pure commercial lots offered by residential auctioneers. A far better indication of the health of the commercial market will emerge in January when we publish the stats for December and Q4 2014, so do look out for that.

 

Total

Last Month

Last Quarter

Last Year

November 2014

November 2013

Increase

September 2014 - November 2014

September 2013 - November 2013

Increase

December 2013 - November 2014

December 2012 - November 2013

Increase

Lots Offered

1,997

2,042

-2.2%

10,014

9,783

2.4%

35,231

33,993

3.6%

Lots Sold

1,431

1,494

-4.2%

7,298

7,547

-3.3%

26,869

26,346

2.0%

Percent Sold

71.7%

73.2%

-2.0%

72.9%

77.1%

-5.4%

76.3%

77.5%

-1.5%

Total Raised

£166,764,854

£157,704,005

5.7%

£1,154,296,752

£1,030,615,258

12.0%

£4,309,850,604

£3,745,607,262

15.1%

 

Residential

Last Month

Last Quarter

Last Year

November 2014

November 2013

Increase

September 2014 - November 2014

September 2013 - November 2013

Increase

December 2013 - November 2014

December 2012 - November 2013

Increase

Lots Offered

1,722

1,697

1.5%

8,288

7,939

4.4%

28,663

27,598

3.9%

Lots Sold

1,226

1,250

-1.9%

6,033

6,115

-1.3%

21,866

21,411

2.1%

Percent Sold

71.2%

73.7%

-3.4%

72.8%

77%

-5.5%

76.3%

77.6%

-1.7%

Total Raised

£144,290,304

£128,036,855

12.7%

£854,368,619

£747,244,978

14.3%

£3,021,353,181

£2,643,024,904

14.3%

 

Commercial

Last Month

Last Quarter

Last Year

November 2014

November 2013

Increase

September 2014 - November 2014

September 2013 - November 2013

Increase

December 2013 - November 2014

December 2012 - November 2013

Increase

Lots Offered

275

345

-20.3%

1,726

1,844

-6.4%

6,568

6,395

2.7%

Lots Sold

205

244

-16.0%

1,265

1,432

-11.7%

5,003

4,935

1.4%

Percent Sold

74.5%

70.7%

5.4%

73.3%

77.7%

-5.7%

76.2%

77.2%

-1.3%

Total Raised

£22,474,550

£29,667,150

-24.2%

£299,928,133

£283,370,280

5.8%

£1,288,497,423

£1,102,582,358

16.9%

 

 

Regional Auction Analysis

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

East Anglia

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

321

290

10.7%

Lots Sold

244

231

5.6%

Percent Sold

76%

79.7%

-4.6%

Total Raised

£36,531,250

£30,152,200

21.2%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

262

202

29.7%

Lots Sold

198

152

30.3%

Percent Sold

75.6%

75.2%

0.5%

Total Raised

£27,457,750

£19,167,600

43.3%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

59

88

-33.0%

Lots Sold

46

79

-41.8%

Percent Sold

78%

89.8%

-13.1%

Total Raised

£9,073,500

£10,984,600

-17.4%

 

East Midlands

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

853

783

8.9%

Lots Sold

645

587

9.9%

Percent Sold

75.6%

75%

0.8%

Total Raised

£82,789,254

£64,919,650

27.5%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

706

623

13.3%

Lots Sold

535

464

15.3%

Percent Sold

75.8%

74.5%

1.7%

Total Raised

£59,040,254

£47,859,400

23.4%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

147

160

-8.1%

Lots Sold

110

123

-10.6%

Percent Sold

74.8%

76.9%

-2.7%

Total Raised

£23,749,000

£17,060,250

39.2%

 

London

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

808

701

15.3%

Lots Sold

629

611

2.9%

Percent Sold

77.8%

87.2%

-10.8%

Total Raised

£267,369,349

£208,448,250

28.3%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

762

633

20.4%

Lots Sold

593

556

6.7%

Percent Sold

77.8%

87.8%

-11.4%

Total Raised

£238,633,349

£181,437,250

31.5%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

46

68

-32.4%

Lots Sold

36

55

-34.5%

Percent Sold

78.3%

80.9%

-3.2%

Total Raised

£28,736,000

£27,011,000

6.4%

 

North-East

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

779

947

-17.7%

Lots Sold

535

703

-23.9%

Percent Sold

68.7%

74.2%

-7.4%

Total Raised

£43,162,525

£58,288,269

-25.9%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

708

847

-16.4%

Lots Sold

489

627

-22.0%

Percent Sold

69.1%

74%

-6.6%

Total Raised

£33,590,275

£46,099,519

-27.1%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

71

100

-29.0%

Lots Sold

46

76

-39.5%

Percent Sold

64.8%

76%

-14.7%

Total Raised

£9,572,250

£12,188,750

-21.5%

 

North-West

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

1,565

1,510

3.6%

Lots Sold

1,081

1,192

-9.3%

Percent Sold

69.1%

78.9%

-12.4%

Total Raised

£104,571,837

£109,469,501

-4.5%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

1,241

1,224

1.4%

Lots Sold

859

973

-11.7%

Percent Sold

69.2%

79.5%

-13.0%

Total Raised

£71,271,561

£73,823,261

-3.5%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

324

286

13.3%

Lots Sold

222

219

1.4%

Percent Sold

68.5%

76.6%

-10.6%

Total Raised

£33,300,276

£35,646,240

-6.6%

 

North-West Home Counties

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

348

348

0.0%

Lots Sold

270

287

-5.9%

Percent Sold

77.6%

82.5%

-5.9%

Total Raised

£82,008,127

£65,259,161

25.7%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

279

278

0.4%

Lots Sold

210

230

-8.7%

Percent Sold

75.3%

82.7%

-8.9%

Total Raised

£47,405,627

£43,591,111

8.8%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

69

70

-1.4%

Lots Sold

60

57

5.3%

Percent Sold

87%

81.4%

6.9%

Total Raised

£34,602,500

£21,668,050

59.7%

 

Northern Ireland

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

322

304

5.9%

Lots Sold

232

207

12.1%

Percent Sold

72%

68.1%

5.7%

Total Raised

£15,444,400

£11,451,202

34.9%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

275

263

4.6%

Lots Sold

194

177

9.6%

Percent Sold

70.5%

67.3%

4.8%

Total Raised

£12,494,400

£8,924,202

40.0%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

47

41

14.6%

Lots Sold

38

30

26.7%

Percent Sold

80.9%

73.2%

10.5%

Total Raised

£2,950,000

£2,527,000

16.7%

 

Scotland

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

348

392

-11.2%

Lots Sold

183

222

-17.6%

Percent Sold

52.6%

56.6%

-7.1%

Total Raised

£12,106,555

£14,269,175

-15.2%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

281

303

-7.3%

Lots Sold

142

166

-14.5%

Percent Sold

50.5%

54.8%

-7.8%

Total Raised

£7,003,805

£8,374,325

-16.4%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

67

89

-24.7%

Lots Sold

41

56

-26.8%

Percent Sold

61.2%

62.9%

-2.7%

Total Raised

£5,102,750

£5,894,850

-13.4%

 

South-East Home Counties

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

1,055

946

11.5%

Lots Sold

830

772

7.5%

Percent Sold

78.7%

81.6%

-3.6%

Total Raised

£180,200,203

£159,549,745

12.9%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

839

741

13.2%

Lots Sold

666

608

9.5%

Percent Sold

79.4%

82.1%

-3.3%

Total Raised

£129,074,448

£101,780,295

26.8%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

216

205

5.4%

Lots Sold

164

164

0.0%

Percent Sold

75.9%

80%

-5.1%

Total Raised

£51,125,755

£57,769,450

-11.5%

 

South-West

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

850

792

7.3%

Lots Sold

629

609

3.3%

Percent Sold

74%

76.9%

-3.8%

Total Raised

£120,357,649

£97,212,900

23.8%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

640

562

13.9%

Lots Sold

457

419

9.1%

Percent Sold

71.4%

74.6%

-4.3%

Total Raised

£76,941,149

£66,241,150

16.2%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

210

230

-8.7%

Lots Sold

172

190

-9.5%

Percent Sold

81.9%

82.6%

-0.8%

Total Raised

£43,416,500

£30,971,750

40.2%

 

Wales

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

757

629

20.3%

Lots Sold

565

487

16.0%

Percent Sold

74.6%

77.4%

-3.6%

Total Raised

£54,631,928

£41,446,950

31.8%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

601

495

21.4%

Lots Sold

444

385

15.3%

Percent Sold

73.9%

77.8%

-5.0%

Total Raised

£35,514,927

£32,459,700

9.4%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

156

134

16.4%

Lots Sold

121

102

18.6%

Percent Sold

77.6%

76.1%

2.0%

Total Raised

£19,117,001

£8,987,250

112.7%

 

West Midlands

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

1,046

1,063

-1.6%

Lots Sold

773

845

-8.5%

Percent Sold

73.9%

79.5%

-7.0%

Total Raised

£85,897,676

£98,941,875

-13.2%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

862

869

-0.8%

Lots Sold

640

695

-7.9%

Percent Sold

74.2%

80%

-7.3%

Total Raised

£62,601,075

£66,949,875

-6.5%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

184

194

-5.2%

Lots Sold

133

150

-11.3%

Percent Sold

72.3%

77.3%

-6.5%

Total Raised

£23,296,601

£31,992,000

-27.2%

 

Yorkshire and The Humber

Total

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

962

1,078

-10.8%

Lots Sold

682

794

-14.1%

Percent Sold

70.9%

73.7%

-3.8%

Total Raised

£69,225,999

£71,206,380

-2.8%

 

Residential

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

832

899

-7.5%

Lots Sold

606

663

-8.6%

Percent Sold

72.8%

73.7%

-1.2%

Total Raised

£53,339,999

£50,537,290

5.5%

 

Commercial

September 2014 - November 2014

September 2013 - November 2013

Increase

Lots Offered

130

179

-27.4%

Lots Sold

76

131

-42.0%

Percent Sold

58.5%

73.2%

-20.1%

Total Raised

£15,886,000

£20,669,090

-23.1%

 

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