Auction News update from EIG

by Property 118

15:15 PM, 13th February 2013
About 6 years ago

Auction News update from EIG

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Auction News update from EIG

This auction news update looks back at auction activity in January and preceding periods.

Lots offered and sold were both slightly down on January 2012 (2% and 8% respectively), but the amount raised increased by 8% to £33.5m.

With January being a relatively quiet month in the auction calendar one cannot draw many conclusions from the monthly figures, instead it is perhaps more beneficial to look at the rolling quarterly and yearly figures for a more accurate analysis of the market. These actually show positive growth, with sizeable gains made in lots offered, lots sold and total raised.
National Auction Analysis
Residential lots sold were up 11% and 8% in the rolling quarter and year respectively, whilst total amounts raised also increased by 24% and 10% over the same periods. Demand for keenly priced lots coupled with increasingly cheaper and more readily available funding is bringing about a return of buyer confidence to the market, and this bodes well for 2013.

The commercial sector has been more subdued, as the rolling year figures show a slight contraction in the volumes of lots being offered and sold. However if one looks to the rolling quarterly and monthly figures then positive gains are evident in all but one of the metrics measured, and hopefully this trend continues as we move into the busier months of the year.

Total

Last Month

Last Quarter

Last Year

January 2013 January 2012 Increase November 2012 – January 2013 November 2011 – January 2012 Increase February 2012 – January 2013 February 2011 – January 2012 Increase
Lots Offered

509

518

-1.7%

6,402

6,031

6.2%

34,074

32,586

4.6%

Lots Sold

353

382

-7.6%

4,759

4,301

10.6%

25,558

24,202

5.6%

Percent Sold

69.4%

73.7%

-5.8%

74.3%

71.3%

4.2%

75%

74.3%

0.9%

Total Raised

£33,544,344

£31,092,524

7.9%

£642,122,505

£549,092,211

16.9%

£3,509,455,804

£3,336,706,453

5.2%

Residential

Last Month

Last Quarter

Last Year

January 2013 January 2012 Increase November 2012 – January 2013 November 2011 – January 2012 Increase February 2012 – January 2013 February 2011 – January 2012 Increase
Lots Offered

470

486

-3.3%

5,243

4,914

6.7%

27,837

26,051

6.9%

Lots Sold

326

359

-9.2%

3,909

3,526

10.9%

20,916

19,368

8.0%

Percent Sold

69.4%

73.9%

-6.1%

74.6%

71.8%

3.9%

75.1%

74.3%

1.1%

Total Raised

£29,896,844

£28,877,924

3.5%

£471,200,412

£381,107,531

23.6%

£2,481,182,671

£2,256,796,727

9.9%

Commercial

Last Month

Last Quarter

Last Year

January 2013 January 2012 Increase November 2012 – January 2013 November 2011 – January 2012 Increase February 2012 – January 2013 February 2011 – January 2012 Increase
Lots Offered

39

32

21.9%

1,159

1,117

3.8%

6,237

6,535

-4.6%

Lots Sold

27

23

17.4%

850

775

9.7%

4,642

4,834

-4.0%

Percent Sold

69.2%

71.9%

-3.8%

73.3%

69.4%

5.6%

74.4%

74%

0.5%

Total Raised

£3,647,500

£2,214,600

64.7%

£170,922,093

£167,984,680

1.7%

£1,028,273,133

£1,079,909,726

-4.8%

 

Regional Auction Analysis

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

East Anglia

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

229

210

9.0%

Lots Sold

180

164

9.8%

Percent Sold

78.6%

78.1%

0.6%

Total Raised

£24,128,995

£21,268,000

13.5%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

187

162

15.4%

Lots Sold

146

127

15.0%

Percent Sold

78.1%

78.4%

-0.4%

Total Raised

£17,339,995

£13,972,500

24.1%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

42

48

-12.5%

Lots Sold

34

37

-8.1%

Percent Sold

81%

77.1%

5.1%

Total Raised

£6,789,000

£7,295,500

-6.9%

East Midlands

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

483

437

10.5%

Lots Sold

354

331

6.9%

Percent Sold

73.3%

75.7%

-3.2%

Total Raised

£36,978,450

£31,538,053

17.3%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

404

344

17.4%

Lots Sold

298

270

10.4%

Percent Sold

73.8%

78.5%

-6.0%

Total Raised

£24,818,200

£21,607,003

14.9%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

79

93

-15.1%

Lots Sold

56

61

-8.2%

Percent Sold

70.9%

65.6%

8.1%

Total Raised

£12,160,250

£9,931,050

22.4%

London

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

548

437

25.4%

Lots Sold

460

357

28.9%

Percent Sold

83.9%

81.7%

2.7%

Total Raised

£156,122,085

£103,633,600

50.6%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

500

375

33.3%

Lots Sold

421

312

34.9%

Percent Sold

84.2%

83.2%

1.2%

Total Raised

£141,510,085

£81,805,500

73.0%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

48

62

-22.6%

Lots Sold

39

45

-13.3%

Percent Sold

81.3%

72.6%

12.0%

Total Raised

£14,612,000

£21,828,100

-33.1%

North-East

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

687

561

22.5%

Lots Sold

496

403

23.1%

Percent Sold

72.2%

71.8%

0.6%

Total Raised

£36,518,199

£33,762,974

8.2%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

624

520

20.0%

Lots Sold

451

374

20.6%

Percent Sold

72.3%

71.9%

0.6%

Total Raised

£31,574,449

£28,971,974

9.0%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

63

41

53.7%

Lots Sold

45

29

55.2%

Percent Sold

71.4%

70.7%

1.0%

Total Raised

£4,943,750

£4,791,000

3.2%

Northern Ireland

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

222

123

80.5%

Lots Sold

156

63

147.6%

Percent Sold

70.3%

51.2%

37.3%

Total Raised

£8,636,350

£4,500,000

91.9%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

199

104

91.3%

Lots Sold

139

54

157.4%

Percent Sold

69.8%

51.9%

34.5%

Total Raised

£7,501,600

£3,672,500

104.3%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

23

19

21.1%

Lots Sold

17

9

88.9%

Percent Sold

73.9%

47.4%

55.9%

Total Raised

£1,134,750

£827,500

37.1%

North-West

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

1,030

1,120

-8.0%

Lots Sold

740

772

-4.1%

Percent Sold

71.8%

68.9%

4.2%

Total Raised

£60,374,402

£65,244,725

-7.5%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

826

876

-5.7%

Lots Sold

603

609

-1.0%

Percent Sold

73%

69.5%

5.0%

Total Raised

£42,882,699

£40,377,104

6.2%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

204

244

-16.4%

Lots Sold

137

163

-16.0%

Percent Sold

67.2%

66.8%

0.6%

Total Raised

£17,491,703

£24,867,621

-29.7%

North-West Home Counties

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

272

192

41.7%

Lots Sold

217

139

56.1%

Percent Sold

79.8%

72.4%

10.2%

Total Raised

£60,358,340

£34,202,500

76.5%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

215

149

44.3%

Lots Sold

167

106

57.5%

Percent Sold

77.7%

71.1%

9.3%

Total Raised

£33,063,640

£20,594,000

60.5%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

57

43

32.6%

Lots Sold

50

33

51.5%

Percent Sold

87.7%

76.7%

14.3%

Total Raised

£27,294,700

£13,608,500

100.6%

Scotland

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

253

253

0.0%

Lots Sold

111

96

15.6%

Percent Sold

43.9%

37.9%

15.8%

Total Raised

£9,255,000

£8,977,955

3.1%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

206

196

5.1%

Lots Sold

91

74

23.0%

Percent Sold

44.2%

37.8%

16.9%

Total Raised

£5,296,550

£5,341,555

-0.8%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

47

57

-17.5%

Lots Sold

20

22

-9.1%

Percent Sold

42.6%

38.6%

10.4%

Total Raised

£3,958,450

£3,636,400

8.9%

South-East Home Counties

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

688

588

17.0%

Lots Sold

533

447

19.2%

Percent Sold

77.5%

76%

2.0%

Total Raised

£94,324,561

£92,384,689

2.1%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

525

466

12.7%

Lots Sold

412

357

15.4%

Percent Sold

78.5%

76.6%

2.5%

Total Raised

£55,889,561

£54,699,189

2.2%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

163

122

33.6%

Lots Sold

121

90

34.4%

Percent Sold

74.2%

73.8%

0.5%

Total Raised

£38,435,000

£37,685,500

2.0%

South-West

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

431

414

4.1%

Lots Sold

313

285

9.8%

Percent Sold

72.6%

68.8%

5.5%

Total Raised

£44,487,450

£37,017,002

20.2%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

272

317

-14.2%

Lots Sold

193

211

-8.5%

Percent Sold

71%

66.6%

6.6%

Total Raised

£27,967,500

£27,302,502

2.4%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

159

97

63.9%

Lots Sold

120

74

62.2%

Percent Sold

75.5%

76.3%

-1.0%

Total Raised

£16,519,950

£9,714,500

70.1%

Wales

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

378

358

5.6%

Lots Sold

281

253

11.1%

Percent Sold

74.3%

70.7%

5.1%

Total Raised

£23,340,300

£22,319,783

4.6%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

287

282

1.8%

Lots Sold

210

200

5.0%

Percent Sold

73.2%

70.9%

3.2%

Total Raised

£17,548,300

£15,553,949

12.8%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

91

76

19.7%

Lots Sold

71

53

34.0%

Percent Sold

78%

69.7%

11.9%

Total Raised

£5,792,000

£6,765,834

-14.4%

West Midlands

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

529

630

-16.0%

Lots Sold

419

470

-10.9%

Percent Sold

79.2%

74.6%

6.2%

Total Raised

£42,114,373

£48,902,750

-13.9%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

439

517

-15.1%

Lots Sold

348

387

-10.1%

Percent Sold

79.3%

74.9%

5.9%

Total Raised

£28,986,633

£32,322,700

-10.3%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

90

113

-20.4%

Lots Sold

71

83

-14.5%

Percent Sold

78.9%

73.5%

7.3%

Total Raised

£13,127,740

£16,580,050

-20.8%

Yorkshire and The Humber

Total

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

652

708

-7.9%

Lots Sold

499

521

-4.2%

Percent Sold

76.5%

73.6%

3.9%

Total Raised

£45,484,000

£45,340,180

0.3%

 

Residential

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

559

606

-7.8%

Lots Sold

430

445

-3.4%

Percent Sold

76.9%

73.4%

4.8%

Total Raised

£36,821,200

£34,887,055

5.5%

 

Commercial

November 2012 – January 2013 November 2011 – January 2012 Increase
Lots Offered

93

102

-8.8%

Lots Sold

69

76

-9.2%

Percent Sold

74.2%

74.5%

-0.4%

Total Raised

£8,662,800

£10,453,125

-17.1%

 

Guide To Buying Property At AuctionPopular feedback from our landlords survey was to create a page on Property118 with a “Guide to Buying At Auction”.

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