Essential Auction News
|
Welcome the July newsletter giving the overall auction statistics for June 2008.
The prevailing market conditions continue to stifle an improvement in the level of activity in the auction room, with the overall sale rate slipping again to 53%. Notwithstanding this, anecdotal evidence coming from the private treaty market would suggest that the fall in sales concluded at auction is far less than that with estate agents.
Most auctioneers are succeeding in selling a fair proportion of their stock, which is more than can be said about the majority of their 'estate agent' neighbours on the high street.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
June, like May, saw a drop in all four sections shown in the table below when compared with June 2007. The drops were most marked in terms of lots offered and amount raised in the commercial sector. The trend of a smaller drop in the number of lots offered but a larger drop in the overall sale rate for residential lots when compared with commercial lots continues.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
June 2008 |
June 2007 |
Increase |
April - June 2008
|
April - June 2007
|
Increase |
July 2007 - June 2008 |
July 2006 - June 2007 |
Increase |
| Lots Offered |
3,074 |
3,367 |
-8.7% |
10,190 |
10,357 |
-1.6% |
37,702 |
36,963 |
2.0% |
| Lots Sold |
1,640 |
2,449 |
-33.0% |
5,868 |
7,663 |
-23.4% |
24,676 |
28,389 |
-13.1% |
| Percent Sold |
53% |
73% |
-26.7% |
58% |
74% |
-22.2% |
65% |
77% |
-14.8% |
| Total Raised |
£222,407,725 |
£411,920,160 |
-46.0% |
£999,934,688 |
£1,517,793,992 |
-34.1% |
£4,849,705,815 |
£6,447,461,704 |
-24.8% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
June 2008 |
June 2007 |
Increase |
April - June 2008
|
April - June 2007
|
Increase |
July 2007 - June 2008 |
July 2006 - June 2007 |
Increase |
| Lots Offered |
2,646 |
2,818 |
-6.1% |
8,241 |
8,357 |
-1.4% |
30,439 |
29,155 |
4.4% |
| Lots Sold |
1,372 |
2,023 |
-32.2% |
4,593 |
6,087 |
-24.5% |
19,400 |
22,094 |
-12.2% |
| Percent Sold |
52% |
72% |
-27.8% |
56% |
73% |
-23.5% |
64% |
76% |
-15.9% |
| Total Raised |
£185,778,470 |
£329,834,445 |
-43.7% |
£637,768,932 |
£1,039,422,447 |
-38.6% |
£3,061,426,370 |
£3,675,822,751 |
-16.7% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
June 2008 |
June 2007 |
Increase |
April - June 2008
|
April - June 2007
|
Increase |
July 2007 - June 2008 |
July 2006 - June 2007 |
Increase |
| Lots Offered |
428 |
549 |
-22.0% |
1,949 |
2,000 |
-2.6% |
7,263 |
7,808 |
-7.0% |
| Lots Sold |
268 |
426 |
-37.1% |
1,275 |
1,576 |
-19.1% |
5,276 |
6,295 |
-16.2% |
| Percent Sold |
63% |
78% |
-19.3% |
65% |
79% |
-17.0% |
73% |
81% |
-9.9% |
| Total Raised |
£36,629,255 |
£82,085,715 |
-55.4% |
£362,165,756 |
£478,371,545 |
-24.3% |
£1,788,279,445 |
£2,771,638,953 |
-35.5% |
Regional Auction Analysis
As would be expected, the figures are very similar to recent months with wide variations being seen across the regions.
East Anglia
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
316 |
254 |
24.4% |
| Lots Sold |
189 |
212 |
-10.8% |
| Percent Sold |
59.8% |
83.5% |
-28.3% |
| Total Raised |
£28,900,500 |
£37,912,300 |
-23.8% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
262 |
197 |
33.0% |
| Lots Sold |
157 |
168 |
-6.5% |
| Percent Sold |
59.9% |
85.3% |
-29.7% |
| Total Raised |
£20,099,000 |
£26,720,300 |
-24.8% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
54 |
57 |
-5.3% |
| Lots Sold |
32 |
44 |
-27.3% |
| Percent Sold |
59.3% |
77.2% |
-23.2% |
| Total Raised |
£8,801,500 |
£11,192,000 |
-21.4% |
East Midlands
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
867 |
795 |
9.1% |
| Lots Sold |
529 |
562 |
-5.9% |
| Percent Sold |
61.0% |
70.7% |
-13.7% |
| Total Raised |
£74,883,000 |
£95,209,800 |
-21.3% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
735 |
643 |
14.3% |
| Lots Sold |
437 |
439 |
-0.5% |
| Percent Sold |
59.5% |
68.3% |
-12.9% |
| Total Raised |
£48,142,500 |
£59,264,550 |
-18.8% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
132 |
152 |
-13.2% |
| Lots Sold |
92 |
123 |
-25.2% |
| Percent Sold |
69.7% |
80.9% |
-13.9% |
| Total Raised |
£26,740,500 |
£35,945,250 |
-25.6% |
London
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
815 |
977 |
-16.6% |
| Lots Sold |
529 |
829 |
-36.2% |
| Percent Sold |
64.9% |
84.9% |
-23.5% |
| Total Raised |
£178,377,813 |
£288,883,999 |
-38.3% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
728 |
876 |
-16.9% |
| Lots Sold |
466 |
743 |
-37.3% |
| Percent Sold |
64.0% |
84.8% |
-24.5% |
| Total Raised |
£136,376,313 |
£227,722,999 |
-40.1% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
87 |
101 |
-13.9% |
| Lots Sold |
63 |
86 |
-26.7% |
| Percent Sold |
72.4% |
85.1% |
-15.0% |
| Total Raised |
£42,001,500 |
£61,161,000 |
-31.3% |
North-East
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
687 |
639 |
7.5% |
| Lots Sold |
310 |
349 |
-11.2% |
| Percent Sold |
45.1% |
54.6% |
-17.4% |
| Total Raised |
£37,935,450 |
£45,802,149 |
-17.2% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
625 |
574 |
8.9% |
| Lots Sold |
269 |
309 |
-12.9% |
| Percent Sold |
43.0% |
53.8% |
-20.0% |
| Total Raised |
£25,815,450 |
£35,221,899 |
-26.7% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
62 |
65 |
-4.6% |
| Lots Sold |
41 |
40 |
2.5% |
| Percent Sold |
66.1% |
61.5% |
7.5% |
| Total Raised |
£12,120,000 |
£10,580,250 |
14.6% |
North-West
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
1712 |
1856 |
-7.8% |
| Lots Sold |
835 |
1202 |
-30.5% |
| Percent Sold |
48.8% |
64.8% |
-24.7% |
| Total Raised |
£104,796,150 |
£166,888,001 |
-37.2% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
1307 |
1536 |
-14.9% |
| Lots Sold |
635 |
976 |
-34.9% |
| Percent Sold |
48.6% |
63.5% |
-23.5% |
| Total Raised |
£66,325,144 |
£114,071,451 |
-41.9% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
405 |
320 |
26.6% |
| Lots Sold |
200 |
226 |
-11.5% |
| Percent Sold |
49.4% |
70.6% |
-30.1% |
| Total Raised |
£38,471,006 |
£52,816,550 |
-27.2% |
North-West Home Counties
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
484 |
511 |
-5.3% |
| Lots Sold |
309 |
374 |
-17.4% |
| Percent Sold |
63.8% |
73.2% |
-12.8% |
| Total Raised |
£94,440,400 |
£107,474,654 |
-12.1% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
379 |
363 |
4.4% |
| Lots Sold |
235 |
263 |
-10.6% |
| Percent Sold |
62.0% |
72.5% |
-14.4% |
| Total Raised |
£47,826,650 |
£58,494,054 |
-18.2% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
105 |
148 |
-29.1% |
| Lots Sold |
74 |
111 |
-33.3% |
| Percent Sold |
70.5% |
75.0% |
-6.0% |
| Total Raised |
£46,613,750 |
£48,980,600 |
-4.8% |
Northern Ireland
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
10 |
2 |
400.0% |
| Lots Sold |
4 |
2 |
100.0% |
| Percent Sold |
40.0% |
100.0% |
-60.0% |
| Total Raised |
£427,000 |
£205,000 |
108.3% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
10 |
2 |
400.0% |
| Lots Sold |
4 |
2 |
100.0% |
| Percent Sold |
40.0% |
100.0% |
-60.0% |
| Total Raised |
£427,000 |
£205,000 |
108.3% |
| Commercial |
|
April - June 2008 |
April - June 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 |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
293 |
237 |
23.6% |
| Lots Sold |
171 |
165 |
3.6% |
| Percent Sold |
58.4% |
69.6% |
-16.2% |
| Total Raised |
£16,561,000 |
£20,854,400 |
-20.6% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
190 |
164 |
15.9% |
| Lots Sold |
95 |
120 |
-20.8% |
| Percent Sold |
50.0% |
73.2% |
-31.7% |
| Total Raised |
£6,733,050 |
£9,404,050 |
-28.4% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
103 |
73 |
41.1% |
| Lots Sold |
76 |
45 |
68.9% |
| Percent Sold |
73.8% |
61.6% |
19.7% |
| Total Raised |
£9,827,950 |
£11,450,350 |
-14.2% |
South-East Home Counties
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
1369 |
1378 |
-0.7% |
| Lots Sold |
876 |
1142 |
-23.3% |
| Percent Sold |
64.0% |
82.9% |
-22.8% |
| Total Raised |
£176,389,430 |
£268,990,225 |
-34.4% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
1123 |
1093 |
2.7% |
| Lots Sold |
703 |
905 |
-22.3% |
| Percent Sold |
62.6% |
82.8% |
-24.4% |
| Total Raised |
£106,808,880 |
£187,030,225 |
-42.9% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
246 |
285 |
-13.7% |
| Lots Sold |
173 |
237 |
-27.0% |
| Percent Sold |
70.3% |
83.2% |
-15.4% |
| Total Raised |
£69,580,550 |
£81,960,000 |
-15.1% |
South-West
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
816 |
871 |
-6.3% |
| Lots Sold |
508 |
732 |
-30.6% |
| Percent Sold |
62.3% |
84.0% |
-25.9% |
| Total Raised |
£80,043,900 |
£153,303,365 |
-47.8% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
587 |
595 |
-1.3% |
| Lots Sold |
339 |
482 |
-29.7% |
| Percent Sold |
57.8% |
81.0% |
-28.7% |
| Total Raised |
£53,620,900 |
£104,634,900 |
-48.8% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
229 |
276 |
-17.0% |
| Lots Sold |
169 |
250 |
-32.4% |
| Percent Sold |
73.8% |
90.6% |
-18.5% |
| Total Raised |
£26,423,000 |
£48,668,465 |
-45.7% |
Wales
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
634 |
744 |
-14.8% |
| Lots Sold |
357 |
501 |
-28.7% |
| Percent Sold |
56.3% |
67.3% |
-16.4% |
| Total Raised |
£42,652,550 |
£65,020,674 |
-34.4% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
517 |
620 |
-16.6% |
| Lots Sold |
277 |
399 |
-30.6% |
| Percent Sold |
53.6% |
64.4% |
-16.7% |
| Total Raised |
£27,837,450 |
£46,966,674 |
-40.7% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
117 |
124 |
-5.6% |
| Lots Sold |
80 |
102 |
-21.6% |
| Percent Sold |
68.4% |
82.3% |
-16.9% |
| Total Raised |
£14,815,100 |
£18,054,000 |
-17.9% |
West Midlands
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
1243 |
1241 |
0.2% |
| Lots Sold |
730 |
937 |
-22.1% |
| Percent Sold |
58.7% |
75.5% |
-22.2% |
| Total Raised |
£90,497,850 |
£137,276,930 |
-34.1% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
999 |
994 |
0.5% |
| Lots Sold |
557 |
746 |
-25.3% |
| Percent Sold |
55.8% |
75.1% |
-25.7% |
| Total Raised |
£57,392,950 |
£89,927,450 |
-36.2% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
244 |
247 |
-1.2% |
| Lots Sold |
173 |
191 |
-9.4% |
| Percent Sold |
70.9% |
77.3% |
-8.3% |
| Total Raised |
£33,104,900 |
£47,349,480 |
-30.1% |
Yorkshire and The Humber
| Total |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
944 |
852 |
10.8% |
| Lots Sold |
521 |
656 |
-20.6% |
| Percent Sold |
55.2% |
77.0% |
-28.3% |
| Total Raised |
£74,029,645 |
£129,972,495 |
-43.0% |
| Residential |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
779 |
700 |
11.3% |
| Lots Sold |
419 |
535 |
-21.7% |
| Percent Sold |
53.8% |
76.4% |
-29.6% |
| Total Raised |
£40,363,645 |
£79,758,895 |
-49.4% |
| Commercial |
|
April - June 2008 |
April - June 2007 |
Increase |
| Lots Offered |
165 |
152 |
8.6% |
| Lots Sold |
102 |
121 |
-15.7% |
| Percent Sold |
61.8% |
79.6% |
-22.3% |
| Total Raised |
£33,666,000 |
£50,213,600 |
-33.0% |
Your Comments
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