Essential Auction News
|
Welcome the rather late August newsletter that gives an overview of auction results for July 2008.
Whilst 'one swallow does not make a summer' (nor does the current weather we are having!), I am pleased to report that the national average sale rate increased from 53% in June to 56% for July. With only a handful of auctions held in August, we will have to wait until September figures that are out in early October to see if this trend will continue.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
The trend we have seen for almost a year now of decreasing volumes and sales rates when compared with earlier periods has continued, though there are signs that the rate of decrease is slowing. Indeed it should be noted that 196 auctions sold 2,649 lots and raised over £415 million pounds, demonstrating that there is a market.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
July 2008 |
July 2007 |
Increase |
May - July 2008
|
May - July 2007
|
Increase |
August 2007 - July 2008 |
August 2006 - July 2007 |
Increase |
| Lots Offered |
4,708 |
4,440 |
6.0% |
11,614 |
12,008 |
-3.3% |
37,976 |
37,057 |
2.5% |
| Lots Sold |
2,649 |
3,235 |
-18.1% |
6,567 |
8,785 |
-25.2% |
24,158 |
28,360 |
-14.8% |
| Percent Sold |
56% |
73% |
-22.8% |
57% |
73% |
-22.7% |
64% |
77% |
-16.9% |
| Total Raised |
£415,211,111 |
£776,138,184 |
-46.5% |
£1,101,411,500 |
£1,950,931,672 |
-43.5% |
£4,517,143,233 |
£6,422,629,545 |
-29.7% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
July 2008 |
July 2007 |
Increase |
May - July 2008
|
May - July 2007
|
Increase |
August 2007 - July 2008 |
August 2006 - July 2007 |
Increase |
| Lots Offered |
3,819 |
3,521 |
8.5% |
9,348 |
9,550 |
-2.1% |
30,743 |
29,345 |
4.8% |
| Lots Sold |
2,084 |
2,519 |
-17.3% |
5,108 |
6,858 |
-25.5% |
19,026 |
22,139 |
-14.1% |
| Percent Sold |
55% |
72% |
-23.7% |
55% |
72% |
-23.9% |
62% |
75% |
-18.0% |
| Total Raised |
£274,230,254 |
£471,831,754 |
-41.9% |
£707,987,537 |
£1,232,519,577 |
-42.6% |
£2,888,246,411 |
£3,784,003,577 |
-23.7% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
July 2008 |
July 2007 |
Increase |
May - July 2008
|
May - July 2007
|
Increase |
August 2007 - July 2008 |
August 2006 - July 2007 |
Increase |
| Lots Offered |
889 |
919 |
-3.3% |
2,266 |
2,458 |
-7.8% |
7,233 |
7,712 |
-6.2% |
| Lots Sold |
565 |
716 |
-21.1% |
1,459 |
1,927 |
-24.3% |
5,132 |
6,221 |
-17.5% |
| Percent Sold |
64% |
78% |
-18.4% |
64% |
78% |
-17.9% |
71% |
81% |
-12.0% |
| Total Raised |
£140,980,857 |
£304,306,430 |
-53.7% |
£393,423,963 |
£718,412,095 |
-45.2% |
£1,628,896,822 |
£2,638,625,968 |
-38.3% |
Regional Auction Analysis
Percent sold rates do vary across the UK, and ranged from 43.3% in the North East to 66.2% in London, a spread of 22.9% The range however has decreased from earlier months like September 2007 when it was 79.8% in London to 42.7% in the North East, a spread of 37.1%. This could be an indication of the countrywide effect of the current market conditions.
East Anglia
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
411 |
240 |
71.3% |
| Lots Sold |
227 |
194 |
17.0% |
| Percent Sold |
55.2% |
80.8% |
-31.7% |
| Total Raised |
£33,068,500 |
£44,420,000 |
-25.6% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
343 |
164 |
109.1% |
| Lots Sold |
184 |
134 |
37.3% |
| Percent Sold |
53.6% |
81.7% |
-34.3% |
| Total Raised |
£23,016,200 |
£24,560,500 |
-6.3% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
68 |
76 |
-10.5% |
| Lots Sold |
43 |
60 |
-28.3% |
| Percent Sold |
63.2% |
78.9% |
-19.9% |
| Total Raised |
£10,052,300 |
£19,859,500 |
-49.4% |
East Midlands
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
981 |
901 |
8.9% |
| Lots Sold |
566 |
652 |
-13.2% |
| Percent Sold |
57.7% |
72.4% |
-20.3% |
| Total Raised |
£80,368,250 |
£125,654,938 |
-36.0% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
812 |
718 |
13.1% |
| Lots Sold |
453 |
508 |
-10.8% |
| Percent Sold |
55.8% |
70.8% |
-21.1% |
| Total Raised |
£49,791,250 |
£74,774,138 |
-33.4% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
169 |
183 |
-7.7% |
| Lots Sold |
113 |
144 |
-21.5% |
| Percent Sold |
66.9% |
78.7% |
-15.0% |
| Total Raised |
£30,577,000 |
£50,880,800 |
-39.9% |
London
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
1144 |
1282 |
-10.8% |
| Lots Sold |
757 |
1072 |
-29.4% |
| Percent Sold |
66.2% |
83.6% |
-20.9% |
| Total Raised |
£218,799,363 |
£404,722,201 |
-45.9% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
1014 |
1134 |
-10.6% |
| Lots Sold |
665 |
952 |
-30.1% |
| Percent Sold |
65.6% |
84.0% |
-21.9% |
| Total Raised |
£168,232,863 |
£301,457,701 |
-44.2% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
130 |
148 |
-12.2% |
| Lots Sold |
92 |
120 |
-23.3% |
| Percent Sold |
70.8% |
81.1% |
-12.7% |
| Total Raised |
£50,566,500 |
£103,264,500 |
-51.0% |
North-East
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
751 |
643 |
16.8% |
| Lots Sold |
325 |
350 |
-7.1% |
| Percent Sold |
43.3% |
54.4% |
-20.5% |
| Total Raised |
£38,344,850 |
£56,364,995 |
-32.0% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
679 |
568 |
19.5% |
| Lots Sold |
277 |
302 |
-8.3% |
| Percent Sold |
40.8% |
53.2% |
-23.3% |
| Total Raised |
£26,837,350 |
£35,910,695 |
-25.3% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
72 |
75 |
-4.0% |
| Lots Sold |
48 |
48 |
0.0% |
| Percent Sold |
66.7% |
64.0% |
4.2% |
| Total Raised |
£11,507,500 |
£20,454,300 |
-43.7% |
North-West
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
1759 |
1955 |
-10.0% |
| Lots Sold |
912 |
1244 |
-26.7% |
| Percent Sold |
51.8% |
63.6% |
-18.5% |
| Total Raised |
£110,633,896 |
£198,286,480 |
-44.2% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
1341 |
1606 |
-16.5% |
| Lots Sold |
691 |
996 |
-30.6% |
| Percent Sold |
51.5% |
62.0% |
-16.9% |
| Total Raised |
£68,482,690 |
£121,423,850 |
-43.6% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
418 |
349 |
19.8% |
| Lots Sold |
221 |
248 |
-10.9% |
| Percent Sold |
52.9% |
71.1% |
-25.6% |
| Total Raised |
£42,151,206 |
£76,862,630 |
-45.2% |
North-West Home Counties
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
663 |
713 |
-7.0% |
| Lots Sold |
409 |
539 |
-24.1% |
| Percent Sold |
61.7% |
75.6% |
-18.4% |
| Total Raised |
£99,292,600 |
£170,709,054 |
-41.8% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
539 |
524 |
2.9% |
| Lots Sold |
330 |
393 |
-16.0% |
| Percent Sold |
61.2% |
75.0% |
-18.4% |
| Total Raised |
£59,767,350 |
£86,048,554 |
-30.5% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
124 |
189 |
-34.4% |
| Lots Sold |
79 |
146 |
-45.9% |
| Percent Sold |
63.7% |
77.2% |
-17.5% |
| Total Raised |
£39,525,250 |
£84,660,500 |
-53.3% |
Northern Ireland
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
12 |
2 |
500.0% |
| Lots Sold |
5 |
2 |
150.0% |
| Percent Sold |
41.7% |
100.0% |
-58.3% |
| Total Raised |
£567,000 |
£205,000 |
176.6% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
12 |
2 |
500.0% |
| Lots Sold |
5 |
2 |
150.0% |
| Percent Sold |
41.7% |
100.0% |
-58.3% |
| Total Raised |
£567,000 |
£205,000 |
176.6% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
0 |
0 |
0.0% |
| Lots Sold |
0 |
0 |
0.0% |
| Percent Sold |
0.0% |
0.0% |
0.0% |
| Total Raised |
£0 |
£0 |
0.0% |
Scotland
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
300 |
254 |
18.1% |
| Lots Sold |
171 |
177 |
-3.4% |
| Percent Sold |
57.0% |
69.7% |
-18.2% |
| Total Raised |
£22,424,000 |
£24,199,900 |
-7.3% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
189 |
169 |
11.8% |
| Lots Sold |
87 |
124 |
-29.8% |
| Percent Sold |
46.0% |
73.4% |
-37.3% |
| Total Raised |
£6,543,050 |
£9,607,050 |
-31.9% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
111 |
85 |
30.6% |
| Lots Sold |
84 |
53 |
58.5% |
| Percent Sold |
75.7% |
62.4% |
21.4% |
| Total Raised |
£15,880,950 |
£14,592,850 |
8.8% |
South-East Home Counties
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
1574 |
1665 |
-5.5% |
| Lots Sold |
921 |
1332 |
-30.9% |
| Percent Sold |
58.5% |
80.0% |
-26.9% |
| Total Raised |
£177,384,830 |
£331,899,395 |
-46.6% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
1275 |
1301 |
-2.0% |
| Lots Sold |
737 |
1040 |
-29.1% |
| Percent Sold |
57.8% |
79.9% |
-27.7% |
| Total Raised |
£109,984,730 |
£217,209,145 |
-49.4% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
299 |
364 |
-17.9% |
| Lots Sold |
184 |
292 |
-37.0% |
| Percent Sold |
61.5% |
80.2% |
-23.3% |
| Total Raised |
£67,400,100 |
£114,690,250 |
-41.2% |
South-West
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
1017 |
1089 |
-6.6% |
| Lots Sold |
618 |
851 |
-27.4% |
| Percent Sold |
60.8% |
78.1% |
-22.2% |
| Total Raised |
£92,917,350 |
£186,289,765 |
-50.1% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
739 |
766 |
-3.5% |
| Lots Sold |
412 |
565 |
-27.1% |
| Percent Sold |
55.8% |
73.8% |
-24.4% |
| Total Raised |
£62,515,350 |
£118,442,200 |
-47.2% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
278 |
323 |
-13.9% |
| Lots Sold |
206 |
286 |
-28.0% |
| Percent Sold |
74.1% |
88.5% |
-16.3% |
| Total Raised |
£30,402,000 |
£67,847,565 |
-55.2% |
Wales
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
783 |
883 |
-11.3% |
| Lots Sold |
441 |
607 |
-27.3% |
| Percent Sold |
56.3% |
68.7% |
-18.1% |
| Total Raised |
£56,342,250 |
£90,416,874 |
-37.7% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
625 |
720 |
-13.2% |
| Lots Sold |
337 |
472 |
-28.6% |
| Percent Sold |
53.9% |
65.6% |
-17.7% |
| Total Raised |
£35,339,450 |
£54,893,374 |
-35.6% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
158 |
163 |
-3.1% |
| Lots Sold |
104 |
135 |
-23.0% |
| Percent Sold |
65.8% |
82.8% |
-20.5% |
| Total Raised |
£21,002,800 |
£35,523,500 |
-40.9% |
West Midlands
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
1270 |
1430 |
-11.2% |
| Lots Sold |
695 |
1043 |
-33.4% |
| Percent Sold |
54.7% |
72.9% |
-25.0% |
| Total Raised |
£90,159,550 |
£172,050,500 |
-47.6% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
1002 |
1125 |
-10.9% |
| Lots Sold |
517 |
806 |
-35.9% |
| Percent Sold |
51.6% |
71.6% |
-28.0% |
| Total Raised |
£55,032,400 |
£104,865,300 |
-47.5% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
268 |
305 |
-12.1% |
| Lots Sold |
178 |
237 |
-24.9% |
| Percent Sold |
66.4% |
77.7% |
-14.5% |
| Total Raised |
£35,127,150 |
£67,185,200 |
-47.7% |
Yorkshire and The Humber
| Total |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
949 |
951 |
-0.2% |
| Lots Sold |
520 |
722 |
-28.0% |
| Percent Sold |
54.8% |
75.9% |
-27.8% |
| Total Raised |
£81,109,061 |
£145,712,570 |
-44.3% |
| Residential |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
778 |
753 |
3.3% |
| Lots Sold |
413 |
564 |
-26.8% |
| Percent Sold |
53.1% |
74.9% |
-29.1% |
| Total Raised |
£41,877,854 |
£83,122,070 |
-49.6% |
| Commercial |
|
May - July 2008 |
May - July 2007 |
Increase |
| Lots Offered |
171 |
198 |
-13.6% |
| Lots Sold |
107 |
158 |
-32.3% |
| Percent Sold |
62.6% |
79.8% |
-21.6% |
| Total Raised |
£39,231,207 |
£62,590,500 |
-37.3% |
Your Comments
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