Essential Auction News
Welcome to the May newsletter that looks back at auction activity in April and preceding periods. I am pleased to report on a positive set of monthly results - a first for almost a year!*. In the 103 auctions held across the UK last month, 2,292 lots were offered and 1,676 lots were sold - up 18% and 22% respectively on April 2018. The amount raised increased by 28% to £244.8M - over £53M more than last year.
Whilst these numbers are clearly encouraging, it should be tempered by the fact that several large auctioneers held their Spring auction in April this year compared to March or May last year. This would in some way account for the larger than expected drop seen in March's results, as reported on last month.
As ever I would welcome any comments or feedback you may have regarding the newsletter or indeed the wider market in general.
* Excludes January and August when only a handful of auctions are held.
Please note the newsletter can also be viewed online. |
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Overall Statistics April 2019 |
| Auctions Held in the UK |
107 |
| Total Lots Offered |
2,292 |
| Total Lots Sold |
1,676 |
| Percent Sold |
73.1% |
| Total Realised |
£244,756,414 |
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National Auction Analysis
In the residential auction market, lots offered and sold grew by 17% and 22% respectively, whilst residential receipts totalled £194.1M (up 16% on April 2018).
Commercial lots offered increased by 22% on last year, to 301 lots, whilst lots sold increased by over 24% to 213 lots. Commercial receipts more than doubled in April, from £24.4M to £50.7M, although as mentioned above this can be largely attributed to a year-on-year change of auction date by a major commercial auctioneer.
OverallN.B. Figures in brackets denote the comparative period last year
|
April 2019 |
February 2019 to April 2019 |
May 2018 to April 2019 |
| Lots Offered |
2,292 (1,951) |
▲ 17.5% |
8,017 (9,099) |
▼ 11.9% |
31,096 (33,216) |
▼ 6.4% |
| Lots Sold |
1,676 (1,373) |
▲ 22.1% |
5,996 (6,786) |
▼ 11.6% |
22,997 (25,224) |
▼ 8.8% |
| Percent Sold |
73.1% (70.4%) |
▲ 3.8% |
74.8% (74.6%) |
▲ 0.3% |
74.0% (75.9%) |
▼ 2.5% |
| Total Raised |
£244.8M (£191.6M) |
▲ 27.8% |
£1,038.0M (£1,182.7M) |
▼ 12.2% |
£3,980.9M (£4,534.6M) |
▼ 12.2% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
April 2019 |
February 2019 to April 2019 |
May 2018 to April 2019 |
| Lots Offered |
1,991 (1,705) |
▲ 16.8% |
6,915 (7,645) |
▼ 9.5% |
26,251 (27,803) |
▼ 5.6% |
| Lots Sold |
1,463 (1,202) |
▲ 21.7% |
5,170 (5,693) |
▼ 9.2% |
19,333 (21,017) |
▼ 8.0% |
| Percent Sold |
73.5% (70.5%) |
▲ 4.3% |
74.8% (74.5%) |
▲ 0.4% |
73.6% (75.6%) |
▼ 2.6% |
| Total Raised |
£194.1M (£167.2M) |
▲ 16.1% |
£750.9M (£900.4M) |
▼ 16.6% |
£2,857.2M (£3,192.0M) |
▼ 10.5% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
April 2019 |
February 2019 to April 2019 |
May 2018 to April 2019 |
| Lots Offered |
301 (246) |
▲ 22.4% |
1,102 (1,454) |
▼ 24.2% |
4,845 (5,413) |
▼ 10.5% |
| Lots Sold |
213 (171) |
▲ 24.6% |
826 (1,093) |
▼ 24.4% |
3,664 (4,207) |
▼ 12.9% |
| Percent Sold |
70.8% (69.5%) |
▲ 1.9% |
75.0% (75.2%) |
▼ 0.3% |
75.6% (77.7%) |
▼ 2.7% |
| Total Raised |
£50.7M (£24.4M) |
▲ 107.6% |
£287.1M (£282.3M) |
▲ 1.7% |
£1,123.6M (£1,342.6M) |
▼ 16.3% |
Regional Auction Analysis
As is usually the case, variations across all the measurable parameters can be seen across the regions.
N.B. Figures in brackets denote the comparative period last year
 East Anglia
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
300 (321) |
▼ 6.5% |
241 (263) |
▼ 8.4% |
59 (58) |
▲ 1.7% |
| Lots Sold |
208 (242) |
▼ 14.0% |
162 (196) |
▼ 17.3% |
46 (46) |
▼ 0.0% |
| Percent Sold |
69.3% (75.4%) |
▼ 8.1% |
67.2% (74.5%) |
▼ 9.8% |
78.0% (79.3%) |
▼ 1.6% |
| Total Raised |
£37.6M (£40.1M) |
▼ 6.4% |
£24.8M (£28.7M) |
▼ 13.7% |
£12.8M (£11.4M) |
▲ 12.0% |
 East Midlands
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
552 (657) |
▼ 16.0% |
465 (561) |
▼ 17.1% |
87 (96) |
▼ 9.4% |
| Lots Sold |
417 (500) |
▼ 16.6% |
357 (428) |
▼ 16.6% |
60 (72) |
▼ 16.7% |
| Percent Sold |
75.5% (76.1%) |
▼ 0.8% |
76.8% (76.3%) |
▲ 0.7% |
69.0% (75.0%) |
▼ 8.0% |
| Total Raised |
£61.6M (£73.6M) |
▼ 16.4% |
£43.0M (£52.8M) |
▼ 18.7% |
£18.6M (£20.8M) |
▼ 10.6% |
 London
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
652 (762) |
▼ 14.4% |
587 (697) |
▼ 15.8% |
65 (65) |
▼ 0.0% |
| Lots Sold |
477 (551) |
▼ 13.4% |
428 (504) |
▼ 15.1% |
49 (47) |
▲ 4.3% |
| Percent Sold |
73.2% (72.3%) |
▲ 1.2% |
72.9% (72.3%) |
▲ 0.8% |
75.4% (72.3%) |
▲ 4.3% |
| Total Raised |
£226.6M (£258.6M) |
▼ 12.4% |
£174.8M (£220.6M) |
▼ 20.7% |
£51.7M (£38.1M) |
▲ 35.9% |
 North-East
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
747 (693) |
▲ 7.8% |
703 (646) |
▲ 8.8% |
44 (47) |
▼ 6.4% |
| Lots Sold |
579 (515) |
▲ 12.4% |
549 (482) |
▲ 13.9% |
30 (33) |
▼ 9.1% |
| Percent Sold |
77.5% (74.3%) |
▲ 4.3% |
78.1% (74.6%) |
▲ 4.7% |
68.2% (70.2%) |
▼ 2.8% |
| Total Raised |
£44.1M (£36.4M) |
▲ 21.0% |
£35.7M (£32.1M) |
▲ 11.1% |
£8.4M (£4.3M) |
▲ 94.9% |
 North-West
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
1,385 (1,594) |
▼ 13.1% |
1,178 (1,307) |
▼ 9.9% |
207 (287) |
▼ 27.9% |
| Lots Sold |
1,019 (1,172) |
▼ 13.1% |
878 (965) |
▼ 9.0% |
141 (207) |
▼ 31.9% |
| Percent Sold |
73.6% (73.5%) |
▲ 0.1% |
74.5% (73.8%) |
▲ 0.9% |
68.1% (72.1%) |
▼ 5.5% |
| Total Raised |
£100.1M (£117.4M) |
▼ 14.8% |
£71.3M (£83.9M) |
▼ 15.1% |
£28.8M (£33.5M) |
▼ 14.0% |
 North-West Home Counties
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
381 (455) |
▼ 16.3% |
344 (386) |
▼ 10.9% |
37 (69) |
▼ 46.4% |
| Lots Sold |
295 (320) |
▼ 7.8% |
263 (271) |
▼ 3.0% |
32 (49) |
▼ 34.7% |
| Percent Sold |
77.4% (70.3%) |
▲ 10.1% |
76.5% (70.2%) |
▲ 9.0% |
86.5% (71.0%) |
▲ 21.8% |
| Total Raised |
£79.9M (£107.7M) |
▼ 25.8% |
£65.1M (£83.5M) |
▼ 22.0% |
£14.8M (£24.2M) |
▼ 38.9% |
 Northern Ireland
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
137 (255) |
▼ 46.3% |
121 (219) |
▼ 44.7% |
16 (36) |
▼ 55.6% |
| Lots Sold |
62 (127) |
▼ 51.2% |
57 (106) |
▼ 46.2% |
5 (21) |
▼ 76.2% |
| Percent Sold |
45.3% (49.8%) |
▼ 9.0% |
47.1% (48.4%) |
▼ 2.7% |
31.3% (58.3%) |
▼ 46.3% |
| Total Raised |
£5.6M (£13.0M) |
▼ 57.2% |
£5.4M (£10.5M) |
▼ 49.1% |
£0.2M (£2.5M) |
▼ 91.6% |
 Scotland
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
134 (227) |
▼ 41.0% |
109 (157) |
▼ 30.6% |
25 (70) |
▼ 64.3% |
| Lots Sold |
94 (146) |
▼ 35.6% |
72 (94) |
▼ 23.4% |
22 (52) |
▼ 57.7% |
| Percent Sold |
70.1% (64.3%) |
▲ 9.0% |
66.1% (59.9%) |
▲ 10.4% |
88.0% (74.3%) |
▲ 18.4% |
| Total Raised |
£8.4M (£18.5M) |
▼ 54.8% |
£3.9M (£6.8M) |
▼ 42.5% |
£4.5M (£11.7M) |
▼ 61.8% |
 South-East Home Counties
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
1,141 (1,139) |
▲ 0.2% |
987 (951) |
▲ 3.8% |
154 (188) |
▼ 18.1% |
| Lots Sold |
853 (861) |
▼ 0.9% |
738 (715) |
▲ 3.2% |
115 (146) |
▼ 21.2% |
| Percent Sold |
74.8% (75.6%) |
▼ 1.1% |
74.8% (75.2%) |
▼ 0.5% |
74.7% (77.7%) |
▼ 3.9% |
| Total Raised |
£199.1M (£201.7M) |
▼ 1.3% |
£139.8M (£149.3M) |
▼ 6.4% |
£59.4M (£52.4M) |
▲ 13.3% |
 South-West
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
536 (609) |
▼ 12.0% |
422 (437) |
▼ 3.4% |
114 (172) |
▼ 33.7% |
| Lots Sold |
418 (497) |
▼ 15.9% |
318 (345) |
▼ 7.8% |
100 (152) |
▼ 34.2% |
| Percent Sold |
78.0% (81.6%) |
▼ 4.4% |
75.4% (78.9%) |
▼ 4.4% |
87.7% (88.4%) |
▼ 0.8% |
| Total Raised |
£75.3M (£90.8M) |
▼ 17.0% |
£49.6M (£66.8M) |
▼ 25.8% |
£25.7M (£24.0M) |
▲ 7.4% |
 Wales
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
511 (530) |
▼ 3.6% |
428 (420) |
▲ 1.9% |
83 (110) |
▼ 24.5% |
| Lots Sold |
362 (384) |
▼ 5.7% |
306 (312) |
▼ 1.9% |
56 (72) |
▼ 22.2% |
| Percent Sold |
70.8% (72.5%) |
▼ 2.3% |
71.5% (74.3%) |
▼ 3.8% |
67.5% (65.5%) |
▲ 3.1% |
| Total Raised |
£38.8M (£35.7M) |
▲ 8.7% |
£24.5M (£26.4M) |
▼ 7.3% |
£14.3M (£9.2M) |
▲ 54.5% |
 West Midlands
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
850 (1,088) |
▼ 21.9% |
746 (959) |
▼ 22.2% |
104 (129) |
▼ 19.4% |
| Lots Sold |
634 (857) |
▼ 26.0% |
559 (757) |
▼ 26.2% |
75 (100) |
▼ 25.0% |
| Percent Sold |
74.6% (78.8%) |
▼ 5.3% |
74.9% (78.9%) |
▼ 5.1% |
72.1% (77.5%) |
▼ 7.0% |
| Total Raised |
£89.2M (£124.3M) |
▼ 28.2% |
£66.7M (£93.6M) |
▼ 28.7% |
£22.5M (£30.7M) |
▼ 26.6% |
 Yorkshire and The Humber
| February 2019 to April 2019 |
Total |
Residential |
Commercial |
| Lots Offered |
691 (769) |
▼ 10.1% |
584 (642) |
▼ 9.0% |
107 (127) |
▼ 15.7% |
| Lots Sold |
578 (614) |
▼ 5.9% |
483 (518) |
▼ 6.8% |
95 (96) |
▼ 1.0% |
| Percent Sold |
83.6% (79.8%) |
▲ 4.8% |
82.7% (80.7%) |
▲ 2.5% |
88.8% (75.6%) |
▲ 17.5% |
| Total Raised |
£71.8M (£64.8M) |
▲ 10.9% |
£46.3M (£45.2M) |
▲ 2.4% |
£25.5M (£19.6M) |
▲ 30.5% |
Your Comments
If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would like to hear from you. So please email us anytime.
A word from the editor
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As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general.
Kind regards
David Sandeman
davids@eigroup.co.uk
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