Property auction results record 6-year highs in February with total sales of £445,455,076
David Sandeman Managing Director of EIG reports that the overall market figures are positive, with increases made in almost every parameter across both residential and commercial sectors.
A noticable highlight is that 3,083 lots sold last month marking a rise of over 8% on February 2012, and significantly this stands as the largest volume recorded in February since 2007. The amount raised also made considerable gains in both the monthly and rolling quarterly figures – up 8.6% and 11.2% respectively, and equally these are at levels not seen since the height of the property boom some 5 to 6 years ago.
National Auction Analysis
In the residential sector the market continues to demonstrate positive growth, particularly in auction sales and receipts. The soaring sale rate of 79% indicates a confident and competitive marketplace, with an increasing demand for keenly priced lots from cash-ready buyers.
The commercial market also continues to gain strength, with increases made in all 8 of the metrics that are measured in the monthly and quarterly figures, 6 of which are double-digit rises. For February alone lots offered was up over 16%, lots sold up 23% and amount raised up 17% , and you have to look all the way back to February 2008 to find this level of commercial market activity.
Total
|
Last Month
|
Last Year
|
|
February 2013 |
February 2012 |
Increase |
March 2012 – February 2013 |
March 2011 – February 2012 |
Increase |
Lots Offered |
3,965
|
3,923
|
1.1%
|
34,118
|
32,991
|
3.4%
|
Lots Sold |
3,086
|
2,852
|
8.2%
|
25,641
|
24,402
|
5.1%
|
Percent Sold |
77.8%
|
72.7%
|
7.0%
|
75.2%
|
74%
|
1.6%
|
Total Raised |
£445,455,076
|
£409,897,643
|
8.7%
|
£3,501,273,334
|
£3,343,556,853
|
4.7%
|
Residential
|
Last Month
|
Last Year
|
|
February 2013 |
February 2012 |
Increase |
March 2012 – February 2013 |
March 2011 – February 2012 |
Increase |
Lots Offered |
3,135
|
3,212
|
-2.4%
|
27,753
|
26,443
|
5.0%
|
Lots Sold |
2,480
|
2,361
|
5.0%
|
20,932
|
19,606
|
6.8%
|
Percent Sold |
79.1%
|
73.5%
|
7.6%
|
75.4%
|
74.1%
|
1.8%
|
Total Raised |
£309,334,000
|
£293,820,404
|
5.3%
|
£2,479,247,174
|
£2,289,558,674
|
8.3%
|
Commercial
|
Last Month
|
Last Year
|
|
February 2013 |
February 2012 |
Increase |
March 2012 – February 2013 |
March 2011 – February 2012 |
Increase |
Lots Offered |
830
|
711
|
16.7%
|
6,365
|
6,548
|
-2.8%
|
Lots Sold |
606
|
491
|
23.4%
|
4,709
|
4,796
|
-1.8%
|
Percent Sold |
73%
|
69.1%
|
5.6%
|
74%
|
73.2%
|
1.1%
|
Total Raised |
£136,121,076
|
£116,077,239
|
17.3%
|
£1,022,026,160
|
£1,053,998,179
|
-3.0%
|
You are welcome to use the Property Auction Search tool we have developed in conjunction with EIG – the Essential Information Group.
Regional Auction Analysis
As is usually the case, variations across all the measurable parameters can be seen across the regions. |
East Anglia
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
228
|
191
|
19.4%
|
Lots Sold |
181
|
143
|
26.6%
|
Percent Sold |
79.4%
|
74.9%
|
6.0%
|
Total Raised |
£28,438,745
|
£16,717,500
|
70.1%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
189
|
145
|
30.3%
|
Lots Sold |
148
|
111
|
33.3%
|
Percent Sold |
78.3%
|
76.6%
|
2.2%
|
Total Raised |
£17,701,245
|
£11,440,500
|
54.7%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
39
|
46
|
-15.2%
|
Lots Sold |
33
|
32
|
3.1%
|
Percent Sold |
84.6%
|
69.6%
|
21.6%
|
Total Raised |
£10,737,500
|
£5,277,000
|
103.5%
|
East Midlands
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
628
|
546
|
15.0%
|
Lots Sold |
484
|
414
|
16.9%
|
Percent Sold |
77.1%
|
75.8%
|
1.7%
|
Total Raised |
£52,045,250
|
£43,571,453
|
19.4%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
528
|
448
|
17.9%
|
Lots Sold |
411
|
349
|
17.8%
|
Percent Sold |
77.8%
|
77.9%
|
-0.1%
|
Total Raised |
£35,478,000
|
£28,978,153
|
22.4%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
100
|
98
|
2.0%
|
Lots Sold |
73
|
65
|
12.3%
|
Percent Sold |
73%
|
66.3%
|
10.1%
|
Total Raised |
£16,567,250
|
£14,593,300
|
13.5%
|
London
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
815
|
780
|
4.5%
|
Lots Sold |
706
|
650
|
8.6%
|
Percent Sold |
86.6%
|
83.3%
|
4.0%
|
Total Raised |
£238,359,008
|
£203,794,750
|
17.0%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
722
|
677
|
6.6%
|
Lots Sold |
632
|
572
|
10.5%
|
Percent Sold |
87.5%
|
84.5%
|
3.6%
|
Total Raised |
£196,284,008
|
£167,254,750
|
17.4%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
93
|
103
|
-9.7%
|
Lots Sold |
74
|
78
|
-5.1%
|
Percent Sold |
79.6%
|
75.7%
|
5.2%
|
Total Raised |
£42,075,000
|
£36,540,000
|
15.1%
|
North-East
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
922
|
755
|
22.1%
|
Lots Sold |
683
|
566
|
20.7%
|
Percent Sold |
74.1%
|
75%
|
-1.2%
|
Total Raised |
£50,960,820
|
£47,764,044
|
6.7%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
853
|
693
|
23.1%
|
Lots Sold |
641
|
524
|
22.3%
|
Percent Sold |
75.1%
|
75.6%
|
-0.7%
|
Total Raised |
£45,095,320
|
£40,516,194
|
11.3%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
69
|
62
|
11.3%
|
Lots Sold |
42
|
42
|
0.0%
|
Percent Sold |
60.9%
|
67.7%
|
-10.0%
|
Total Raised |
£5,865,500
|
£7,247,850
|
-19.1%
|
Northern Ireland
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
228
|
140
|
62.9%
|
Lots Sold |
168
|
79
|
112.7%
|
Percent Sold |
73.7%
|
56.4%
|
30.7%
|
Total Raised |
£7,559,150
|
£4,880,000
|
54.9%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
222
|
120
|
85.0%
|
Lots Sold |
165
|
68
|
142.6%
|
Percent Sold |
74.3%
|
56.7%
|
31.0%
|
Total Raised |
£7,364,150
|
£4,101,500
|
79.5%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
6
|
20
|
-70.0%
|
Lots Sold |
3
|
11
|
-72.7%
|
Percent Sold |
50%
|
55%
|
-9.1%
|
Total Raised |
£195,000
|
£778,500
|
-75.0%
|
North-West
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
1,424
|
1,751
|
-18.7%
|
Lots Sold |
1,051
|
1,208
|
-13.0%
|
Percent Sold |
73.8%
|
69%
|
7.0%
|
Total Raised |
£86,586,340
|
£94,450,364
|
-8.3%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
1,108
|
1,380
|
-19.7%
|
Lots Sold |
839
|
964
|
-13.0%
|
Percent Sold |
75.7%
|
69.9%
|
8.3%
|
Total Raised |
£56,527,267
|
£62,661,554
|
-9.8%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
316
|
371
|
-14.8%
|
Lots Sold |
212
|
244
|
-13.1%
|
Percent Sold |
67.1%
|
65.8%
|
2.0%
|
Total Raised |
£30,059,073
|
£31,788,810
|
-5.4%
|
North-West Home Counties
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
304
|
293
|
3.8%
|
Lots Sold |
245
|
248
|
-1.2%
|
Percent Sold |
80.6%
|
84.6%
|
-4.7%
|
Total Raised |
£75,040,090
|
£62,851,600
|
19.4%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
222
|
229
|
-3.1%
|
Lots Sold |
176
|
189
|
-6.9%
|
Percent Sold |
79.3%
|
82.5%
|
-3.9%
|
Total Raised |
£34,903,390
|
£37,093,600
|
-5.9%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
82
|
64
|
28.1%
|
Lots Sold |
69
|
59
|
16.9%
|
Percent Sold |
84.1%
|
92.2%
|
-8.8%
|
Total Raised |
£40,136,700
|
£25,758,000
|
55.8%
|
Scotland
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
240
|
253
|
-5.1%
|
Lots Sold |
111
|
94
|
18.1%
|
Percent Sold |
46.3%
|
37.2%
|
24.5%
|
Total Raised |
£9,394,500
|
£6,407,655
|
46.6%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
186
|
208
|
-10.6%
|
Lots Sold |
80
|
79
|
1.3%
|
Percent Sold |
43%
|
38%
|
13.2%
|
Total Raised |
£3,989,650
|
£5,185,155
|
-23.1%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
54
|
45
|
20.0%
|
Lots Sold |
31
|
15
|
106.7%
|
Percent Sold |
57.4%
|
33.3%
|
72.4%
|
Total Raised |
£5,404,850
|
£1,222,500
|
342.1%
|
South-East Home Counties
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
877
|
860
|
2.0%
|
Lots Sold |
707
|
664
|
6.5%
|
Percent Sold |
80.6%
|
77.2%
|
4.4%
|
Total Raised |
£134,998,811
|
£135,121,539
|
-0.1%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
635
|
693
|
-8.4%
|
Lots Sold |
516
|
538
|
-4.1%
|
Percent Sold |
81.3%
|
77.6%
|
4.8%
|
Total Raised |
£73,625,311
|
£81,475,639
|
-9.6%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
242
|
167
|
44.9%
|
Lots Sold |
191
|
126
|
51.6%
|
Percent Sold |
78.9%
|
75.4%
|
4.6%
|
Total Raised |
£61,373,500
|
£53,645,900
|
14.4%
|
South-West
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
402
|
447
|
-10.1%
|
Lots Sold |
296
|
315
|
-6.0%
|
Percent Sold |
73.6%
|
70.5%
|
4.4%
|
Total Raised |
£43,720,756
|
£45,498,790
|
-3.9%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
286
|
349
|
-18.1%
|
Lots Sold |
205
|
240
|
-14.6%
|
Percent Sold |
71.7%
|
68.8%
|
4.2%
|
Total Raised |
£27,831,700
|
£30,838,351
|
-9.7%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
116
|
98
|
18.4%
|
Lots Sold |
91
|
75
|
21.3%
|
Percent Sold |
78.4%
|
76.5%
|
2.5%
|
Total Raised |
£15,889,056
|
£14,660,439
|
8.4%
|
Wales
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
412
|
376
|
9.6%
|
Lots Sold |
303
|
277
|
9.4%
|
Percent Sold |
73.5%
|
73.7%
|
-0.3%
|
Total Raised |
£25,466,900
|
£22,083,244
|
15.3%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
271
|
309
|
-12.3%
|
Lots Sold |
197
|
233
|
-15.5%
|
Percent Sold |
72.7%
|
75.4%
|
-3.6%
|
Total Raised |
£15,611,800
|
£14,613,160
|
6.8%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
141
|
67
|
110.4%
|
Lots Sold |
106
|
44
|
140.9%
|
Percent Sold |
75.2%
|
65.7%
|
14.5%
|
Total Raised |
£9,855,100
|
£7,470,084
|
31.9%
|
West Midlands
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
638
|
670
|
-4.8%
|
Lots Sold |
496
|
438
|
13.2%
|
Percent Sold |
77.7%
|
65.4%
|
18.8%
|
Total Raised |
£59,535,573
|
£43,751,050
|
36.1%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
498
|
548
|
-9.1%
|
Lots Sold |
392
|
365
|
7.4%
|
Percent Sold |
78.7%
|
66.6%
|
18.2%
|
Total Raised |
£36,776,633
|
£30,729,550
|
19.7%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
140
|
122
|
14.8%
|
Lots Sold |
104
|
73
|
42.5%
|
Percent Sold |
74.3%
|
59.8%
|
24.2%
|
Total Raised |
£22,758,940
|
£13,021,500
|
74.8%
|
Yorkshire and The Humber
Total
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
749
|
782
|
-4.2%
|
Lots Sold |
564
|
571
|
-1.2%
|
Percent Sold |
75.3%
|
73%
|
3.2%
|
Total Raised |
£55,805,440
|
£53,142,009
|
5.0%
|
Residential
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
611
|
649
|
-5.9%
|
Lots Sold |
468
|
473
|
-1.1%
|
Percent Sold |
76.6%
|
72.9%
|
5.1%
|
Total Raised |
£41,213,690
|
£38,370,434
|
7.4%
|
Commercial
|
|
December 2012 – February 2013 |
December 2011 – February 2012 |
Increase |
Lots Offered |
138
|
133
|
3.8%
|
Lots Sold |
96
|
98
|
-2.0%
|
Percent Sold |
69.6%
|
73.7%
|
-5.6%
|
Total Raised |
£14,591,750
|
£14,771,575
|
-1.2%
|