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January 2017 Newsletter

Essential Information Group

January 2017 Newsletter

EIG monthly Newsletter

 

Essential Auction News

Welcome to the first newsletter of 2017 which looks back at auction activity in December and preceding periods. Having reported on a challenging few months towards the latter part of last year, it is pleasing to see that the industry enjoyed an extremely positive end to proceedings and set new records in the process.

Overall lots offered in December was up over 12%, from 3,336 lots to 3,745 lots, whilst lots sold increased by 9%, from 2,591 to 2,830. This is the largest ever number of lots offered and sold during December, beating the previous highs recorded in December 2007 (3,529 lots offered) and December 2013 (2,675 lots sold).

Finally, the amount raised also saw a sizeable increase - up 5% to £537M, the largest amount realised in December for 10 years.

As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general, and may I take this opportunity to wish you a happy and prosperous New Year!

Overall Statistics December 2016

Auctions Held in the UK

110

Total Lots Offered

3,745

Total Lots Sold

2,830

Percent Sold

75.6%

Total Realised

£536,773,550

National Auction Analysis

Residential lots offered increased by almost 12% in December, equating to 317 more lots being offered when compared with December 2015. The large gain in the number of residential instructions helped propel Q4 into a 1.4% gain in this regard, from 7,246 in Q4 15 to 7,351 in Q4 16, whilst annually the market saw growth of 4.2% equating to 1,136 more lots being offered compared with 2015.

The commercial sector saw a 15% rise in lots offered during December, up from 623 lots to 715 lots, whilst lots sold increased by almost 12% from 508 to 567 lots. The rolling quarter and annual figures for lots offered and lots sold saw single digit declines, but the sale rate remained constant and the all-important amount raised went up by 21%, 5% and 9% for the month, quarter and year respectively indicating a buoyant market and increased lot sizes.

Overall

N.B. Figures in brackets denote the comparative period last year

December 2016

October 2016 to December 2016

January 2016 to December 2016

Lots Offered

3,745 (3,336)

12.3%

9,115 (9,028)

1.0%

33,855 (33,241)

1.8%

Lots Sold

2,830 (2,591)

9.2%

6,874 (6,972)

1.4%

25,799 (25,921)

0.5%

Percent Sold

75.6% (77.7%)

2.7%

75.4% (77.2%)

2.3%

76.2% (78.0%)

2.3%

Total Raised

£537M (£511M)

5.0%

£1,314M (£1,358M)

3.2%

£4,685M (£4,491M)

4.3%


Residential

N.B. Figures in brackets denote the comparative period last year

December 2016

October 2016 to December 2016

January 2016 to December 2016

Lots Offered

3,030 (2,713)

11.7%

7,351 (7,246)

1.4%

28,002 (26,866)

4.2%

Lots Sold

2,263 (2,083)

8.6%

5,471 (5,554)

1.5%

21,173 (20,845)

1.6%

Percent Sold

74.7% (76.8%)

2.7%

74.4% (76.6%)

2.9%

75.6% (77.6%)

2.6%

Total Raised

£320M (£331M)

3.4%

£826M (£893M)

7.5%

£3,236M (£3,163M)

2.3%


Commercial

N.B. Figures in brackets denote the comparative period last year

December 2016

October 2016 to December 2016

January 2016 to December 2016

Lots Offered

715 (623)

14.8%

1,764 (1,782)

1.0%

5,853 (6,375)

8.2%

Lots Sold

567 (508)

11.6%

1,403 (1,418)

1.1%

4,626 (5,076)

8.9%

Percent Sold

79.3% (81.5%)

2.7%

79.5% (79.6%)

0.1%

79.0% (79.6%)

0.8%

Total Raised

£217M (£180M)

20.6%

£488M (£464M)

5.1%

£1,449M (£1,329M)

9.1%


Regional Auction Analysis

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

N.B. Figures in brackets denote the comparative period last year

East-AngliaEast Anglia

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

309 (249)

24.1%

222 (175)

26.9%

87 (74)

17.6%

Lots Sold

247 (204)

21.1%

173 (144)

20.1%

74 (60)

23.3%

Percent Sold

79.9% (81.9%)

2.4%

77.9% (82.3%)

5.3%

85.1% (81.1%)

4.9%

Total Raised

£51M (£40M)

29.1%

£27M (£20M)

35.6%

£24M (£20M)

22.6%


East-MidlandsEast Midlands

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

709 (796)

10.9%

601 (651)

7.7%

108 (145)

25.5%

Lots Sold

532 (620)

14.2%

444 (501)

11.4%

88 (119)

26.1%

Percent Sold

75.0% (77.9%)

3.7%

73.9% (77.0%)

4.0%

81.5% (82.1%)

0.7%

Total Raised

£73M (£96M)

24.2%

£47M (£59M)

19.6%

£26M (£37M)

31.3%


LondonLondon

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

801 (815)

1.7%

732 (721)

1.5%

69 (94)

26.6%

Lots Sold

574 (647)

11.3%

516 (559)

7.7%

58 (88)

34.1%

Percent Sold

71.7% (79.4%)

9.7%

70.5% (77.5%)

9.0%

84.1% (93.6%)

10.1%

Total Raised

£283M (£311M)

9.0%

£223M (£261M)

14.8%

£60M (£49M)

21.9%


North-EastNorth-East

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

831 (824)

0.8%

746 (746)

0.0%

85 (78)

9.0%

Lots Sold

623 (600)

3.8%

560 (549)

2.0%

63 (51)

23.5%

Percent Sold

75.0% (72.8%)

3.0%

75.1% (73.6%)

2.0%

74.1% (65.4%)

13.3%

Total Raised

£54M (£50M)

8.9%

£38M (£41M)

6.9%

£16M (£9M)

80.0%


North-WestNorth-West

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

1,379 (1,494)

7.7%

1,099 (1,219)

9.8%

280 (275)

1.8%

Lots Sold

1,015 (1,089)

6.8%

807 (885)

8.8%

208 (204)

2.0%

Percent Sold

73.6% (72.9%)

1.0%

73.4% (72.6%)

1.1%

74.3% (74.2%)

0.1%

Total Raised

£125M (£122M)

1.8%

£67M (£84M)

19.6%

£57M (£39M)

48.1%


North-West-Home-CountiesNorth-West Home Counties

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

424 (337)

25.8%

302 (241)

25.3%

122 (96)

27.1%

Lots Sold

354 (285)

24.2%

242 (200)

21.0%

112 (85)

31.8%

Percent Sold

83.5% (84.6%)

1.3%

80.1% (83.0%)

3.5%

91.8% (88.5%)

3.7%

Total Raised

£120M (£106M)

13.0%

£66M (£60M)

8.8%

£54M (£46M)

18.5%


Northern-IrelandNorthern Ireland

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

281 (230)

22.2%

231 (173)

33.5%

50 (57)

12.3%

Lots Sold

166 (163)

1.8%

129 (117)

10.3%

37 (46)

19.6%

Percent Sold

59.1% (70.9%)

16.6%

55.8% (67.6%)

17.5%

74.0% (80.7%)

8.3%

Total Raised

£14M (£15M)

6.8%

£10M (£11M)

6.3%

£4M (£4M)

8.3%


ScotlandScotland

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

278 (274)

1.5%

190 (188)

1.1%

88 (86)

2.3%

Lots Sold

179 (181)

1.1%

108 (114)

5.3%

71 (67)

6.0%

Percent Sold

64.4% (66.1%)

2.6%

56.8% (60.6%)

6.3%

80.7% (77.9%)

3.6%

Total Raised

£23M (£26M)

8.4%

£7M (£7M)

3.7%

£17M (£19M)

10.2%


South-East-Home-CountiesSouth-East Home Counties

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

1,078 (1,083)

0.5%

820 (855)

4.1%

258 (228)

13.2%

Lots Sold

831 (891)

6.7%

622 (697)

10.8%

209 (194)

7.7%

Percent Sold

77.1% (82.3%)

6.3%

75.9% (81.5%)

6.9%

81.0% (85.1%)

4.8%

Total Raised

£223M (£254M)

12.3%

£128M (£152M)

15.8%

£95M (£103M)

7.2%


South-WestSouth-West

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

564 (638)

11.6%

384 (424)

9.4%

180 (214)

15.9%

Lots Sold

446 (485)

8.0%

302 (323)

6.5%

144 (162)

11.1%

Percent Sold

79.1% (76.0%)

4.1%

78.6% (76.2%)

3.1%

80.0% (75.7%)

5.7%

Total Raised

£101M (£107M)

5.7%

£60M (£63M)

4.1%

£41M (£45M)

7.9%


WalesWales

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

535 (557)

3.9%

418 (447)

6.5%

117 (110)

6.4%

Lots Sold

396 (438)

9.6%

314 (346)

9.2%

82 (92)

10.9%

Percent Sold

74.0% (78.6%)

5.9%

75.1% (77.4%)

3.0%

70.1% (83.6%)

16.1%

Total Raised

£41M (£37M)

10.3%

£25M (£22M)

10.8%

£16M (£14M)

9.4%


West-MidlandsWest Midlands

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

994 (863)

15.2%

817 (676)

20.9%

177 (187)

5.3%

Lots Sold

786 (699)

12.4%

643 (547)

17.6%

143 (152)

5.9%

Percent Sold

79.1% (81.0%)

2.3%

78.7% (80.9%)

2.7%

80.8% (81.3%)

0.6%

Total Raised

£118M (£112M)

5.3%

£76M (£64M)

17.6%

£42M (£47M)

11.5%


Yorkshire-and-The-HumberYorkshire and The Humber

October 2016 to December 2016

Total

Residential

Commercial

Lots Offered

932 (868)

7.4%

789 (730)

8.1%

143 (138)

3.6%

Lots Sold

725 (670)

8.2%

611 (572)

6.8%

114 (98)

16.3%

Percent Sold

77.8% (77.2%)

0.8%

77.4% (78.4%)

1.3%

79.7% (71.0%)

12.3%

Total Raised

£88M (£82M)

7.9%

£53M (£49M)

7.4%

£35M (£33M)

8.7%


Your Comments

If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would like to hear from you. So please email us anytime.

A word from the editor

David Sandeman


As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general.

Kind regards

David Sandeman

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