Essential Auction News
|
Welcome to the June newsletter that reviews auction activity for May 2008.
Continuing market conditions have seen the overall sales rate slip 3 points from last month to 56%. It should not be forgotten however that the auction process did sell over 2,100 lots in May, no mean achievement in this market.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
May saw an overall drop of 9.1% in the number of lots offered from 4,201 to 3,818 when compared with May 2007. The quarterly and yearly comparison, which iron out any idiosyncrasies, show a 2.3% and 5.3% increase in the number of lots offered when compared with previous periods, demonstrating continued support by vendors for the auction method of sale. With the falling sale rates, and relatively static numbers of lots offered, it is not surprising that the amount raised has decreased for the monthly (44.6%), quarterly (39.1%) and yearly (22.3%) comparisons.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
May 2008 |
May 2007 |
Increase |
March - May 2008
|
March - May 2007
|
Increase |
June 2007 - May 2008 |
June 2006 - May 2007 |
Increase |
| Lots Offered |
3,818 |
4,201 |
-9.1% |
10,381 |
10,143 |
2.3% |
37,992 |
36,094 |
5.3% |
| Lots Sold |
2,126 |
3,101 |
-31.4% |
6,122 |
7,589 |
-19.3% |
25,169 |
27,854 |
-9.6% |
| Percent Sold |
56% |
74% |
-24.6% |
59% |
75% |
-21.2% |
66% |
77% |
-14.2% |
| Total Raised |
£415,789,351 |
£750,628,328 |
-44.6% |
£1,081,261,706 |
£1,775,545,902 |
-39.1% |
£4,911,141,344 |
£6,322,529,378 |
-22.3% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
May 2008 |
May 2007 |
Increase |
March - May 2008
|
March - May 2007
|
Increase |
June 2007 - May 2008 |
June 2006 - May 2007 |
Increase |
| Lots Offered |
2,872 |
3,211 |
-10.6% |
8,304 |
8,018 |
3.6% |
30,613 |
28,507 |
7.4% |
| Lots Sold |
1,537 |
2,316 |
-33.6% |
4,748 |
5,910 |
-19.7% |
19,800 |
21,731 |
-8.9% |
| Percent Sold |
54% |
72% |
-25.8% |
57% |
74% |
-22.4% |
65% |
76% |
-15.2% |
| Total Raised |
£226,657,500 |
£418,898,378 |
-45.9% |
£667,134,505 |
£1,028,525,970 |
-35.1% |
£3,142,840,689 |
£3,592,289,190 |
-12.5% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
May 2008 |
May 2007 |
Increase |
March - May 2008
|
March - May 2007
|
Increase |
June 2007 - May 2008 |
June 2006 - May 2007 |
Increase |
| Lots Offered |
946 |
990 |
-4.4% |
2,077 |
2,094 |
-0.8% |
7,379 |
7,587 |
-2.7% |
| Lots Sold |
589 |
785 |
-25.0% |
1,374 |
1,658 |
-17.1% |
5,369 |
6,123 |
-12.3% |
| Percent Sold |
62% |
79% |
-21.5% |
66% |
79% |
-16.5% |
73% |
81% |
-9.8% |
| Total Raised |
£189,131,851 |
£331,729,950 |
-43.0% |
£414,127,201 |
£719,414,932 |
-42.4% |
£1,768,300,655 |
£2,730,240,188 |
-35.2% |
Regional Auction Analysis
The national trends are reflected in the regional analysis below to varying degrees with overall percent sold ranging from 38.1% in the North East to 68.6% in the North West Home Counties.
East Anglia
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
349 |
266 |
31.2% |
| Lots Sold |
223 |
215 |
3.7% |
| Percent Sold |
63.9% |
80.8% |
-20.9% |
| Total Raised |
£31,125,300 |
£43,506,801 |
-28.5% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
283 |
199 |
42.2% |
| Lots Sold |
182 |
166 |
9.6% |
| Percent Sold |
64.3% |
83.4% |
-22.9% |
| Total Raised |
£22,054,800 |
£25,854,800 |
-14.7% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
66 |
67 |
-1.5% |
| Lots Sold |
41 |
49 |
-16.3% |
| Percent Sold |
62.1% |
73.1% |
-15.1% |
| Total Raised |
£9,070,500 |
£17,652,001 |
-48.6% |
East Midlands
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
915 |
792 |
15.5% |
| Lots Sold |
579 |
582 |
-0.5% |
| Percent Sold |
63.3% |
73.5% |
-13.9% |
| Total Raised |
£89,959,950 |
£100,099,356 |
-10.1% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
745 |
638 |
16.8% |
| Lots Sold |
449 |
455 |
-1.3% |
| Percent Sold |
60.3% |
71.3% |
-15.5% |
| Total Raised |
£49,452,450 |
£61,369,800 |
-19.4% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
170 |
154 |
10.4% |
| Lots Sold |
130 |
127 |
2.4% |
| Percent Sold |
76.5% |
82.5% |
-7.3% |
| Total Raised |
£40,507,500 |
£38,729,556 |
4.6% |
London
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
958 |
962 |
-0.4% |
| Lots Sold |
652 |
825 |
-21.0% |
| Percent Sold |
68.1% |
85.8% |
-20.6% |
| Total Raised |
£210,550,800 |
£335,982,749 |
-37.3% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
851 |
831 |
2.4% |
| Lots Sold |
575 |
711 |
-19.1% |
| Percent Sold |
67.6% |
85.6% |
-21.0% |
| Total Raised |
£154,888,300 |
£231,550,749 |
-33.1% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
107 |
131 |
-18.3% |
| Lots Sold |
77 |
114 |
-32.5% |
| Percent Sold |
72.0% |
87.0% |
-17.3% |
| Total Raised |
£55,662,500 |
£104,432,000 |
-46.7% |
North-East
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
694 |
645 |
7.6% |
| Lots Sold |
270 |
389 |
-30.6% |
| Percent Sold |
38.9% |
60.3% |
-35.5% |
| Total Raised |
£38,017,548 |
£59,057,848 |
-35.6% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
624 |
576 |
8.3% |
| Lots Sold |
230 |
347 |
-33.7% |
| Percent Sold |
36.9% |
60.2% |
-38.8% |
| Total Raised |
£23,329,548 |
£36,988,598 |
-36.9% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
70 |
69 |
1.4% |
| Lots Sold |
40 |
42 |
-4.8% |
| Percent Sold |
57.1% |
60.9% |
-6.1% |
| Total Raised |
£14,688,000 |
£22,069,250 |
-33.4% |
North-West
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
1586 |
1701 |
-6.8% |
| Lots Sold |
756 |
1146 |
-34.0% |
| Percent Sold |
47.7% |
67.4% |
-29.2% |
| Total Raised |
£102,401,400 |
£183,811,818 |
-44.3% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
1230 |
1396 |
-11.9% |
| Lots Sold |
585 |
918 |
-36.3% |
| Percent Sold |
47.6% |
65.8% |
-27.7% |
| Total Raised |
£63,454,499 |
£114,418,601 |
-44.5% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
356 |
305 |
16.7% |
| Lots Sold |
171 |
228 |
-25.0% |
| Percent Sold |
48.0% |
74.8% |
-35.7% |
| Total Raised |
£38,946,901 |
£69,393,217 |
-43.9% |
North-West Home Counties
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
566 |
610 |
-7.2% |
| Lots Sold |
388 |
451 |
-14.0% |
| Percent Sold |
68.6% |
73.9% |
-7.3% |
| Total Raised |
£109,282,450 |
£138,166,304 |
-20.9% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
442 |
429 |
3.0% |
| Lots Sold |
298 |
318 |
-6.3% |
| Percent Sold |
67.4% |
74.1% |
-9.0% |
| Total Raised |
£58,253,200 |
£70,945,704 |
-17.9% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
124 |
181 |
-31.5% |
| Lots Sold |
90 |
133 |
-32.3% |
| Percent Sold |
72.6% |
73.5% |
-1.2% |
| Total Raised |
£51,029,250 |
£67,220,600 |
-24.1% |
Scotland
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
259 |
281 |
-7.8% |
| Lots Sold |
146 |
155 |
-5.8% |
| Percent Sold |
56.4% |
55.2% |
2.2% |
| Total Raised |
£16,539,753 |
£30,026,850 |
-44.9% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
181 |
200 |
-9.5% |
| Lots Sold |
96 |
112 |
-14.3% |
| Percent Sold |
53.0% |
56.0% |
-5.3% |
| Total Raised |
£6,320,853 |
£8,004,000 |
-21.0% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
78 |
81 |
-3.7% |
| Lots Sold |
50 |
43 |
16.3% |
| Percent Sold |
64.1% |
53.1% |
20.8% |
| Total Raised |
£10,218,900 |
£22,022,850 |
-53.6% |
South-East Home Counties
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
1379 |
1239 |
11.3% |
| Lots Sold |
909 |
1013 |
-10.3% |
| Percent Sold |
65.9% |
81.8% |
-19.4% |
| Total Raised |
£180,242,605 |
£301,139,306 |
-40.1% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
1095 |
926 |
18.3% |
| Lots Sold |
714 |
751 |
-4.9% |
| Percent Sold |
65.2% |
81.1% |
-19.6% |
| Total Raised |
£109,425,655 |
£150,404,250 |
-27.2% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
284 |
313 |
-9.3% |
| Lots Sold |
195 |
262 |
-25.6% |
| Percent Sold |
68.7% |
83.7% |
-18.0% |
| Total Raised |
£70,816,950 |
£150,735,056 |
-53.0% |
South-West
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
935 |
921 |
1.5% |
| Lots Sold |
594 |
769 |
-22.8% |
| Percent Sold |
63.5% |
83.5% |
-23.9% |
| Total Raised |
£90,500,000 |
£181,143,099 |
-50.0% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
664 |
655 |
1.4% |
| Lots Sold |
390 |
533 |
-26.8% |
| Percent Sold |
58.7% |
81.4% |
-27.8% |
| Total Raised |
£56,056,500 |
£108,392,849 |
-48.3% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
271 |
266 |
1.9% |
| Lots Sold |
204 |
236 |
-13.6% |
| Percent Sold |
75.3% |
88.7% |
-15.2% |
| Total Raised |
£34,443,500 |
£72,750,250 |
-52.7% |
Wales
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
716 |
776 |
-7.7% |
| Lots Sold |
413 |
536 |
-22.9% |
| Percent Sold |
57.7% |
69.1% |
-16.5% |
| Total Raised |
£49,763,900 |
£70,125,924 |
-29.0% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
570 |
657 |
-13.2% |
| Lots Sold |
312 |
438 |
-28.8% |
| Percent Sold |
54.7% |
66.7% |
-17.9% |
| Total Raised |
£30,785,800 |
£48,229,924 |
-36.2% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
146 |
119 |
22.7% |
| Lots Sold |
101 |
98 |
3.1% |
| Percent Sold |
69.2% |
82.4% |
-16.0% |
| Total Raised |
£18,978,100 |
£21,896,000 |
-13.3% |
West Midlands
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
1127 |
1125 |
0.2% |
| Lots Sold |
708 |
869 |
-18.5% |
| Percent Sold |
62.8% |
77.2% |
-18.7% |
| Total Raised |
£93,081,400 |
£149,018,264 |
-37.5% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
898 |
902 |
-0.4% |
| Lots Sold |
537 |
695 |
-22.7% |
| Percent Sold |
59.8% |
77.1% |
-22.4% |
| Total Raised |
£56,090,300 |
£88,314,645 |
-36.5% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
229 |
223 |
2.7% |
| Lots Sold |
171 |
174 |
-1.7% |
| Percent Sold |
74.7% |
78.0% |
-4.3% |
| Total Raised |
£36,991,100 |
£60,703,619 |
-39.1% |
Yorkshire and The Humber
| Total |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
884 |
778 |
13.6% |
| Lots Sold |
474 |
607 |
-21.9% |
| Percent Sold |
53.6% |
78.0% |
-31.3% |
| Total Raised |
£68,704,600 |
£135,692,583 |
-49.4% |
| Residential |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
708 |
593 |
19.4% |
| Lots Sold |
370 |
455 |
-18.7% |
| Percent Sold |
52.3% |
76.7% |
-31.9% |
| Total Raised |
£35,930,600 |
£63,882,050 |
-43.8% |
| Commercial |
|
March - May 2008 |
March - May 2007 |
Increase |
| Lots Offered |
176 |
185 |
-4.9% |
| Lots Sold |
104 |
152 |
-31.6% |
| Percent Sold |
59.1% |
82.2% |
-28.1% |
| Total Raised |
£32,774,000 |
£71,810,533 |
-54.4% |
Your Comments
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