Essential Auction News
Welcome to the February newsletter that reviews auction activity last month, the last 3 months and the past year. You will see that the numbers for January were all down in the 12 metrics we cover with the exception of one in the commercial sector. In addition, these falls were fairly substantial.
However, given that just over 2% of all lots offered in the 12 months were offered last month, the figures in this respect are fairly meaningless. We finished the year with a very busy December and all the signs for February point to a good number of lots being offered and sold.
Before forming a view on how 2022 is going to pan out, I would want to see the results for February and March. I've every confidence they will be in positive territory and the growth in the marketplace will continue the trend set last year.
As always, I welcome you any comments you may have.
Please note the newsletter can also be viewed online. Kind regards David Sandeman
davids@eigroup.co.uk P.S. Here at the Essential Information Group we maintain a database of virtually every property coming up for sale at auction as well as almost 900,000 lots that have been to auction in the past. It is fully searchable and allows you to identify properties coming up for sale that you might be interested in, and to see what similar properties have sold for in the past. If you would like a trial of our website, please register here. |
|
Overall Statistics January 2022 |
| Total Lots Offered |
579 |
| Total Lots Sold |
382 |
| Percent Sold |
66% |
| Total Realised |
£48,958,290 |
|
|
National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
January 2022 |
November 2021 to January 2022 |
February 2021 to January 2022 |
| Lots Offered |
579 (941) |
▼ 38.5% |
5,509 (5,748) |
▼ 4.2% |
28,061 (25,917) |
▲ 8.3% |
| Lots Sold |
382 (690) |
▼ 44.6% |
4,164 (4,255) |
▼ 2.1% |
21,822 (19,455) |
▲ 12.2% |
| Percent Sold |
66.0% (73.3%) |
▼ 10.0% |
75.6% (74.0%) |
▲ 2.2% |
77.8% (75.1%) |
▲ 3.6% |
| Total Raised |
£49.0M (£99.0M) |
▼ 50.5% |
£928.4M (£835.1M) |
▲ 11.2% |
£4,587.6M (£3,617.7M) |
▲ 26.8% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
January 2022 |
November 2021 to January 2022 |
February 2021 to January 2022 |
| Lots Offered |
510 (876) |
▼ 41.8% |
4,605 (5,079) |
▼ 9.3% |
24,178 (22,386) |
▲ 8.0% |
| Lots Sold |
338 (642) |
▼ 47.4% |
3,447 (3,735) |
▼ 7.7% |
18,806 (16,830) |
▲ 11.7% |
| Percent Sold |
66.3% (73.3%) |
▼ 9.5% |
74.9% (73.5%) |
▲ 1.9% |
77.8% (75.2%) |
▲ 3.5% |
| Total Raised |
£45.5M (£92.2M) |
▼ 50.6% |
£660.5M (£625.1M) |
▲ 5.7% |
£3,459.3M (£2,736.3M) |
▲ 26.4% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
January 2022 |
November 2021 to January 2022 |
February 2021 to January 2022 |
| Lots Offered |
69 (65) |
▲ 6.2% |
904 (669) |
▲ 35.1% |
3,883 (3,531) |
▲ 10.0% |
| Lots Sold |
44 (48) |
▼ 8.3% |
717 (520) |
▲ 37.9% |
3,016 (2,625) |
▲ 14.9% |
| Percent Sold |
63.8% (73.8%) |
▼ 13.6% |
79.3% (77.7%) |
▲ 2.1% |
77.7% (74.3%) |
▲ 4.6% |
| Total Raised |
£3.4M (£6.8M) |
▼ 50.0% |
£267.9M (£210.1M) |
▲ 27.5% |
£1,128.3M (£881.4M) |
▲ 28.0% |
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
(Includes Cambridgeshire, Norfolk, Suffolk)
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
182 (181) |
▲ 0.6% |
142 (165) |
▼ 13.9% |
40 (16) |
▲ 150.0% |
| Lots Sold |
157 (135) |
▲ 16.3% |
121 (119) |
▲ 1.7% |
36 (16) |
▲ 125.0% |
| Percent Sold |
86.3% (74.6%) |
▲ 15.7% |
85.2% (72.1%) |
▲ 18.2% |
90.0% (100.0%) |
▼ 10.0% |
| Total Raised |
£33.3M (£26.7M) |
▲ 24.8% |
£24.0M (£21.8M) |
▲ 9.7% |
£9.3M (£4.8M) |
▲ 93.0% |
 East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
421 (443) |
▼ 5.0% |
352 (404) |
▼ 12.9% |
69 (39) |
▲ 76.9% |
| Lots Sold |
317 (343) |
▼ 7.6% |
260 (307) |
▼ 15.3% |
57 (36) |
▲ 58.3% |
| Percent Sold |
75.3% (77.4%) |
▼ 2.7% |
73.9% (76.0%) |
▼ 2.8% |
82.6% (92.3%) |
▼ 10.5% |
| Total Raised |
£62.5M (£59.9M) |
▲ 4.3% |
£41.0M (£46.7M) |
▼ 12.4% |
£21.5M (£13.2M) |
▲ 63.1% |
 London
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
549 (499) |
▲ 10.0% |
494 (467) |
▲ 5.8% |
55 (32) |
▲ 71.9% |
| Lots Sold |
407 (375) |
▲ 8.5% |
357 (351) |
▲ 1.7% |
50 (24) |
▲ 108.3% |
| Percent Sold |
74.1% (75.2%) |
▼ 1.5% |
72.3% (75.2%) |
▼ 3.9% |
90.9% (75.0%) |
▲ 21.2% |
| Total Raised |
£192.8M (£174.5M) |
▲ 10.5% |
£154.6M (£149.8M) |
▲ 3.3% |
£38.2M (£24.7M) |
▲ 54.6% |
 North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
459 (466) |
▼ 1.5% |
416 (445) |
▼ 6.5% |
43 (21) |
▲ 104.8% |
| Lots Sold |
323 (360) |
▼ 10.3% |
290 (343) |
▼ 15.5% |
33 (17) |
▲ 94.1% |
| Percent Sold |
70.4% (77.3%) |
▼ 8.9% |
69.7% (77.1%) |
▼ 9.6% |
76.7% (81.0%) |
▼ 5.3% |
| Total Raised |
£33.6M (£28.8M) |
▲ 16.5% |
£20.0M (£24.9M) |
▼ 19.8% |
£13.6M (£3.9M) |
▲ 250.3% |
 North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
828 (1,055) |
▼ 21.5% |
710 (950) |
▼ 25.3% |
118 (105) |
▲ 12.4% |
| Lots Sold |
633 (751) |
▼ 15.7% |
537 (668) |
▼ 19.6% |
96 (83) |
▲ 15.7% |
| Percent Sold |
76.4% (71.2%) |
▲ 7.3% |
75.6% (70.3%) |
▲ 7.5% |
81.4% (79.0%) |
▲ 3.0% |
| Total Raised |
£90.7M (£92.2M) |
▼ 1.6% |
£67.5M (£70.7M) |
▼ 4.6% |
£23.2M (£21.5M) |
▲ 8.3% |
 North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
327 (355) |
▼ 7.9% |
267 (309) |
▼ 13.6% |
60 (46) |
▲ 30.4% |
| Lots Sold |
252 (248) |
▲ 1.6% |
202 (210) |
▼ 3.8% |
50 (38) |
▲ 31.6% |
| Percent Sold |
77.1% (69.9%) |
▲ 10.3% |
75.7% (68.0%) |
▲ 11.3% |
83.3% (82.6%) |
▲ 0.8% |
| Total Raised |
£92.2M (£76.5M) |
▲ 20.6% |
£65.1M (£46.5M) |
▲ 40.0% |
£27.0M (£29.9M) |
▼ 9.7% |
 Northern Ireland
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
56 (33) |
▲ 69.7% |
52 (29) |
▲ 79.3% |
4 (4) |
▼ 0.0% |
| Lots Sold |
12 (5) |
▲ 140.0% |
12 (2) |
▲ 500.0% |
0 (3) |
▼ 100.0% |
| Percent Sold |
21.4% (15.2%) |
▲ 40.8% |
23.1% (6.9%) |
▲ 234.8% |
0.0% (75.0%) |
▼ 100.0% |
| Total Raised |
£1.7M (£0.6M) |
▲ 194.7% |
£1.7M (£0.1M) |
▲ 1,092.0% |
£0.0M (£0.4M) |
▼ 100.0% |
 Scotland
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
219 (143) |
▲ 53.1% |
142 (85) |
▲ 67.1% |
77 (58) |
▲ 32.8% |
| Lots Sold |
97 (69) |
▲ 40.6% |
59 (45) |
▲ 31.1% |
38 (24) |
▲ 58.3% |
| Percent Sold |
44.3% (48.3%) |
▼ 8.3% |
41.5% (52.9%) |
▼ 21.6% |
49.4% (41.4%) |
▲ 19.3% |
| Total Raised |
£13.4M (£17.4M) |
▼ 23.3% |
£3.4M (£2.6M) |
▲ 33.2% |
£10.0M (£14.9M) |
▼ 33.0% |
 South-East Home Counties
(Includes Channel Islands, East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex)
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
874 (951) |
▼ 8.1% |
710 (844) |
▼ 15.9% |
164 (107) |
▲ 53.3% |
| Lots Sold |
683 (694) |
▼ 1.6% |
558 (612) |
▼ 8.8% |
125 (82) |
▲ 52.4% |
| Percent Sold |
78.1% (73.0%) |
▲ 7.0% |
78.6% (72.5%) |
▲ 8.4% |
76.2% (76.6%) |
▼ 0.5% |
| Total Raised |
£175.5M (£158.8M) |
▲ 10.5% |
£126.7M (£123.1M) |
▲ 3.0% |
£48.8M (£35.7M) |
▲ 36.6% |
 South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Isles of Scilly, Somerset, Wiltshire)
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
392 (332) |
▲ 18.1% |
283 (265) |
▲ 6.8% |
109 (67) |
▲ 62.7% |
| Lots Sold |
326 (277) |
▲ 17.7% |
232 (223) |
▲ 4.0% |
94 (54) |
▲ 74.1% |
| Percent Sold |
83.2% (83.4%) |
▼ 0.2% |
82.0% (84.2%) |
▼ 2.6% |
86.2% (80.6%) |
▲ 6.9% |
| Total Raised |
£76.2M (£64.5M) |
▲ 18.2% |
£51.5M (£45.9M) |
▲ 12.2% |
£24.8M (£18.7M) |
▲ 32.8% |
 Wales
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
268 (266) |
▲ 0.8% |
214 (218) |
▼ 1.8% |
54 (48) |
▲ 12.5% |
| Lots Sold |
217 (202) |
▲ 7.4% |
172 (164) |
▲ 4.9% |
45 (38) |
▲ 18.4% |
| Percent Sold |
81.0% (75.9%) |
▲ 6.7% |
80.4% (75.2%) |
▲ 6.9% |
83.3% (79.2%) |
▲ 5.2% |
| Total Raised |
£34.1M (£24.4M) |
▲ 39.7% |
£23.2M (£16.4M) |
▲ 41.7% |
£10.9M (£8.0M) |
▲ 35.7% |
 West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
486 (576) |
▼ 15.6% |
424 (522) |
▼ 18.8% |
62 (54) |
▲ 14.8% |
| Lots Sold |
399 (435) |
▼ 8.3% |
347 (391) |
▼ 11.3% |
52 (44) |
▲ 18.2% |
| Percent Sold |
82.1% (75.5%) |
▲ 8.7% |
81.8% (74.9%) |
▲ 9.2% |
83.9% (81.5%) |
▲ 2.9% |
| Total Raised |
£77.2M (£61.5M) |
▲ 25.5% |
£48.5M (£46.0M) |
▲ 5.5% |
£28.7M (£15.5M) |
▲ 84.8% |
 Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| November 2021 to January 2022 |
Total |
Residential |
Commercial |
| Lots Offered |
448 (448) |
▼ 0.0% |
399 (376) |
▲ 6.1% |
49 (72) |
▼ 31.9% |
| Lots Sold |
341 (361) |
▼ 5.5% |
300 (300) |
▼ 0.0% |
41 (61) |
▼ 32.8% |
| Percent Sold |
76.1% (80.6%) |
▼ 5.6% |
75.2% (79.8%) |
▼ 5.8% |
83.7% (84.7%) |
▼ 1.2% |
| Total Raised |
£45.3M (£49.4M) |
▼ 8.4% |
£33.4M (£30.6M) |
▲ 9.1% |
£11.9M (£18.9M) |
▼ 36.7% |
Disclaimer: The figures in this newsletter are based on sales data provided to us by the auctioneers.
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