Essential Auction News
|
Welcome to the May newsletter that looks primarily at auction activity in April 2008.
The lack of liquidity in the money markets has again been reflected in the subdued sale rate with only 59% of lots finding buyers. This is the national figure and do take a look at the regional variation which is shown in the tables at the bottom of this newsletter.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
As with March 2008, April saw an increase in lots offered overall, when compared with the same month last year, but a decrease in both the number of lots that sold and amount raised. It is interesting to see that as with previous months the percent sold for commercial lots is consistently higher than for residential sales, though generally the number of commercial lots coming to auction is slightly lower when looking at rolling quarterly and yearly figures. April 2008 did see though, a 23% increase in the number of commercial lots offered over April 2007.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
April 2008 |
April 2007 |
Increase |
February - April 2008
|
February - April 2007
|
Increase |
May 2007 - April 2008 |
May 2006 - April 2007 |
Increase |
| Lots Offered |
3,294 |
2,789 |
18.1% |
10,544 |
10,363 |
1.7% |
38,372 |
35,393 |
8.4% |
| Lots Sold |
1,933 |
2,113 |
-8.5% |
6,840 |
8,075 |
-15.3% |
26,136 |
27,461 |
-4.8% |
| Percent Sold |
59% |
76% |
-22.5% |
65% |
78% |
-16.7% |
68% |
78% |
-12.2% |
| Total Raised |
£307,185,249 |
£355,245,504 |
-13.5% |
£1,217,438,376 |
£1,923,580,617 |
-36.7% |
£5,244,112,321 |
£6,333,573,126 |
-17.2% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
April 2008 |
April 2007 |
Increase |
February - April 2008
|
February - April 2007
|
Increase |
May 2007 - April 2008 |
May 2006 - April 2007 |
Increase |
| Lots Offered |
2,722 |
2,328 |
16.9% |
8,487 |
8,135 |
4.3% |
30,949 |
27,801 |
11.3% |
| Lots Sold |
1,557 |
1,748 |
-10.9% |
5,320 |
6,275 |
-15.2% |
20,572 |
21,309 |
-3.5% |
| Percent Sold |
57% |
75% |
-23.8% |
63% |
77% |
-18.7% |
66% |
77% |
-13.3% |
| Total Raised |
£201,397,599 |
£290,689,624 |
-30.7% |
£793,249,607 |
£1,062,328,835 |
-25.3% |
£3,333,308,567 |
£3,481,054,665 |
-4.2% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
April 2008 |
April 2007 |
Increase |
February - April 2008
|
February - April 2007
|
Increase |
May 2007 - April 2008 |
May 2006 - April 2007 |
Increase |
| Lots Offered |
568 |
461 |
23.2% |
2,057 |
2,195 |
-6.3% |
7,423 |
7,592 |
-2.2% |
| Lots Sold |
375 |
365 |
2.7% |
1,520 |
1,777 |
-14.5% |
5,564 |
6,152 |
-9.6% |
| Percent Sold |
66% |
79% |
-16.6% |
74% |
81% |
-8.7% |
75% |
81% |
-7.5% |
| Total Raised |
£105,687,650 |
£64,555,880 |
63.7% |
£424,188,769 |
£832,225,782 |
-49.0% |
£1,910,803,754 |
£2,852,518,461 |
-33.0% |
Regional Auction Analysis
Following the pattern that has been evident in the past, there has been a wide variation in the percent sold across the regions. The national trend of a higher percentage of commercial lots selling when compared with residential lots was seen in every region.
East Anglia
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
302 |
297 |
1.7% |
| Lots Sold |
222 |
235 |
-5.5% |
| Percent Sold |
73.5% |
79.1% |
-7.1% |
| Total Raised |
£37,586,800 |
£50,054,251 |
-24.9% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
233 |
231 |
0.9% |
| Lots Sold |
162 |
188 |
-13.8% |
| Percent Sold |
69.5% |
81.4% |
-14.6% |
| Total Raised |
£25,695,800 |
£27,884,250 |
-7.8% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
69 |
66 |
4.5% |
| Lots Sold |
60 |
47 |
27.7% |
| Percent Sold |
87.0% |
71.2% |
22.1% |
| Total Raised |
£11,891,000 |
£22,170,001 |
-46.4% |
East Midlands
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
909 |
769 |
18.2% |
| Lots Sold |
626 |
586 |
6.8% |
| Percent Sold |
68.9% |
76.2% |
-9.6% |
| Total Raised |
£86,080,860 |
£88,186,156 |
-2.4% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
740 |
651 |
13.7% |
| Lots Sold |
487 |
488 |
-0.2% |
| Percent Sold |
65.8% |
75.0% |
-12.2% |
| Total Raised |
£50,476,800 |
£59,489,100 |
-15.1% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
169 |
118 |
43.2% |
| Lots Sold |
139 |
98 |
41.8% |
| Percent Sold |
82.2% |
83.1% |
-1.0% |
| Total Raised |
£35,604,060 |
£28,697,056 |
24.1% |
London
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
1104 |
1140 |
-3.2% |
| Lots Sold |
818 |
1009 |
-18.9% |
| Percent Sold |
74.1% |
88.5% |
-16.3% |
| Total Raised |
£274,448,150 |
£426,723,194 |
-35.7% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
991 |
953 |
4.0% |
| Lots Sold |
727 |
842 |
-13.7% |
| Percent Sold |
73.4% |
88.4% |
-17.0% |
| Total Raised |
£223,495,650 |
£276,615,194 |
-19.2% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
113 |
187 |
-39.6% |
| Lots Sold |
91 |
167 |
-45.5% |
| Percent Sold |
80.5% |
89.3% |
-9.8% |
| Total Raised |
£50,952,500 |
£150,108,000 |
-66.1% |
North-East
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
630 |
610 |
3.3% |
| Lots Sold |
295 |
402 |
-26.6% |
| Percent Sold |
46.8% |
65.9% |
-28.9% |
| Total Raised |
£40,425,249 |
£67,253,598 |
-39.9% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
562 |
544 |
3.3% |
| Lots Sold |
252 |
358 |
-29.6% |
| Percent Sold |
44.8% |
65.8% |
-31.9% |
| Total Raised |
£25,413,749 |
£37,511,648 |
-32.3% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
68 |
66 |
3.0% |
| Lots Sold |
43 |
44 |
-2.3% |
| Percent Sold |
63.2% |
66.7% |
-5.1% |
| Total Raised |
£15,011,500 |
£29,741,950 |
-49.5% |
North-West
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
1733 |
1919 |
-9.7% |
| Lots Sold |
957 |
1386 |
-31.0% |
| Percent Sold |
55.2% |
72.2% |
-23.5% |
| Total Raised |
£121,062,999 |
£204,237,570 |
-40.7% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
1400 |
1507 |
-7.1% |
| Lots Sold |
754 |
1062 |
-29.0% |
| Percent Sold |
53.9% |
70.5% |
-23.6% |
| Total Raised |
£76,405,999 |
£121,561,303 |
-37.1% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
333 |
412 |
-19.2% |
| Lots Sold |
203 |
324 |
-37.3% |
| Percent Sold |
61.0% |
78.6% |
-22.5% |
| Total Raised |
£44,657,000 |
£82,676,267 |
-46.0% |
North-West Home Counties
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
491 |
548 |
-10.4% |
| Lots Sold |
357 |
425 |
-16.0% |
| Percent Sold |
72.7% |
77.6% |
-6.2% |
| Total Raised |
£105,802,801 |
£167,855,550 |
-37.0% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
392 |
372 |
5.4% |
| Lots Sold |
278 |
281 |
-1.1% |
| Percent Sold |
70.9% |
75.5% |
-6.1% |
| Total Raised |
£57,576,301 |
£70,104,950 |
-17.9% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
99 |
176 |
-43.8% |
| Lots Sold |
79 |
144 |
-45.1% |
| Percent Sold |
79.8% |
81.8% |
-2.5% |
| Total Raised |
£48,226,500 |
£97,750,600 |
-50.7% |
Northern Ireland
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
13 |
49 |
-73.5% |
| Lots Sold |
12 |
34 |
-64.7% |
| Percent Sold |
92.3% |
69.4% |
33.0% |
| Total Raised |
£1,352,000 |
£49,196,000 |
-97.3% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
13 |
16 |
-18.8% |
| Lots Sold |
12 |
11 |
9.1% |
| Percent Sold |
92.3% |
68.8% |
34.3% |
| Total Raised |
£1,352,000 |
£20,170,000 |
-93.3% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
0 |
33 |
-100.0% |
| Lots Sold |
0 |
23 |
-100.0% |
| Percent Sold |
0.0% |
69.7% |
0.0% |
| Total Raised |
£0 |
£29,026,000 |
-100.0% |
Scotland
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
249 |
245 |
1.6% |
| Lots Sold |
175 |
159 |
10.1% |
| Percent Sold |
70.3% |
64.9% |
8.3% |
| Total Raised |
£22,351,313 |
£33,911,901 |
-34.1% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
160 |
153 |
4.6% |
| Lots Sold |
104 |
92 |
13.0% |
| Percent Sold |
65.0% |
60.1% |
8.1% |
| Total Raised |
£7,272,753 |
£5,150,551 |
41.2% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
89 |
92 |
-3.3% |
| Lots Sold |
71 |
67 |
6.0% |
| Percent Sold |
79.8% |
72.8% |
9.5% |
| Total Raised |
£15,078,560 |
£28,761,350 |
-47.6% |
South-East Home Counties
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
1439 |
1469 |
-2.0% |
| Lots Sold |
1013 |
1187 |
-14.7% |
| Percent Sold |
70.4% |
80.8% |
-12.9% |
| Total Raised |
£205,641,304 |
£312,737,901 |
-34.2% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
1154 |
1115 |
3.5% |
| Lots Sold |
803 |
909 |
-11.7% |
| Percent Sold |
69.6% |
81.5% |
-14.6% |
| Total Raised |
£129,565,355 |
£161,083,845 |
-19.6% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
285 |
354 |
-19.5% |
| Lots Sold |
210 |
278 |
-24.5% |
| Percent Sold |
73.7% |
78.5% |
-6.2% |
| Total Raised |
£76,075,949 |
£151,654,056 |
-49.8% |
South-West
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
766 |
772 |
-0.8% |
| Lots Sold |
500 |
668 |
-25.1% |
| Percent Sold |
65.3% |
86.5% |
-24.6% |
| Total Raised |
£86,001,700 |
£167,864,099 |
-48.8% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
548 |
527 |
4.0% |
| Lots Sold |
329 |
444 |
-25.9% |
| Percent Sold |
60.0% |
84.3% |
-28.7% |
| Total Raised |
£48,080,700 |
£84,158,899 |
-42.9% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
218 |
245 |
-11.0% |
| Lots Sold |
171 |
224 |
-23.7% |
| Percent Sold |
78.4% |
91.4% |
-14.2% |
| Total Raised |
£37,921,000 |
£83,705,200 |
-54.7% |
Wales
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
679 |
651 |
4.3% |
| Lots Sold |
428 |
483 |
-11.4% |
| Percent Sold |
63.0% |
74.2% |
-15.0% |
| Total Raised |
£47,899,750 |
£61,877,350 |
-22.6% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
534 |
552 |
-3.3% |
| Lots Sold |
323 |
400 |
-19.3% |
| Percent Sold |
60.5% |
72.5% |
-16.5% |
| Total Raised |
£30,917,450 |
£41,535,850 |
-25.6% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
145 |
99 |
46.5% |
| Lots Sold |
105 |
83 |
26.5% |
| Percent Sold |
72.4% |
83.8% |
-13.6% |
| Total Raised |
£16,982,300 |
£20,341,500 |
-16.5% |
West Midlands
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
1304 |
1032 |
26.4% |
| Lots Sold |
866 |
827 |
4.7% |
| Percent Sold |
66.4% |
80.1% |
-17.1% |
| Total Raised |
£113,732,200 |
£145,218,264 |
-21.7% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
1032 |
826 |
24.9% |
| Lots Sold |
657 |
669 |
-1.8% |
| Percent Sold |
63.7% |
81.0% |
-21.4% |
| Total Raised |
£76,840,700 |
£84,646,345 |
-9.2% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
272 |
206 |
32.0% |
| Lots Sold |
209 |
158 |
32.3% |
| Percent Sold |
76.8% |
76.7% |
0.2% |
| Total Raised |
£36,891,500 |
£60,571,919 |
-39.1% |
Yorkshire and The Humber
| Total |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
925 |
862 |
7.3% |
| Lots Sold |
571 |
674 |
-15.3% |
| Percent Sold |
61.7% |
78.2% |
-21.1% |
| Total Raised |
£75,053,250 |
£148,464,783 |
-49.4% |
| Residential |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
728 |
688 |
5.8% |
| Lots Sold |
432 |
531 |
-18.6% |
| Percent Sold |
59.3% |
77.2% |
-23.1% |
| Total Raised |
£40,156,350 |
£72,416,900 |
-44.5% |
| Commercial |
|
February - April 2008 |
February - April 2007 |
Increase |
| Lots Offered |
197 |
174 |
13.2% |
| Lots Sold |
139 |
143 |
-2.8% |
| Percent Sold |
70.6% |
82.2% |
-14.1% |
| Total Raised |
£34,896,900 |
£76,047,883 |
-54.1% |
Your Comments
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