Essential Auction News
The national auction market in November 2024 displayed mixed results, influenced by scheduling shifts among major auctioneers and variations in sector performance. Auction House London played a key role in bolstering November volumes by holding an additional sale, which partially offset reduced contributions from other major players in the capital. Allsop Commercial’s decision to move its auction from October to November positively impacted commercial results, supporting a robust 39% increase in total raised for the sector. Despite these adjustments, overall November figures saw declines in lots offered (11.6%) and sold (13.4%), with total raised dipping by 5.7%, reflecting the challenges of a transitional period.
The regional landscape showcased significant diversity, with strong performances in areas such as London and the North-East, which saw double-digit increases in lots sold and total raised. London benefited from heightened activity, resulting in a 34.8% rise in funds raised. The North-East led growth in lots offered and sold, driving a remarkable 39.9% increase in total raised. Conversely, regions like Northern Ireland faced challenges, particularly in the commercial sector, where total raised declined sharply.
The final auctions for 2024 are now underway, and we eagerly anticipate how the year will conclude after the trends we have observed over the past months. As we look ahead to 2025, we are optimistic about continued growth and evolving opportunities in the auction arena.
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 over 1 million 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. |
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Overall Statistics November 2024 |
| Total Lots Offered |
2,642 |
| Total Lots Sold |
1,727 |
| Percent Sold |
65.4% |
| Total Realised |
£386,988,600 |
|
|
National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
November 2024 |
September 2024 to November 2024 |
December 2023 to November 2024 |
| Lots Offered |
2,642 (2,987) |
▼ 11.6% |
11,442 (10,361) |
▲ 10.4% |
39,439 (36,269) |
▲ 8.7% |
| Lots Sold |
1,727 (1,994) |
▼ 13.4% |
7,980 (7,127) |
▲ 12.0% |
28,190 (25,269) |
▲ 11.6% |
| Percent Sold |
65.4% (66.8%) |
▼ 2.1% |
69.7% (68.8%) |
▲ 1.3% |
71.5% (69.7%) |
▲ 2.6% |
| Total Raised |
£387.0M (£410.2M) |
▼ 5.7% |
£1,642.0M (£1,368.8M) |
▲ 20.0% |
£5,499.6M (£4,735.6M) |
▲ 16.1% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
November 2024 |
September 2024 to November 2024 |
December 2023 to November 2024 |
| Lots Offered |
2,259 (2,627) |
▼ 14.0% |
10,068 (9,091) |
▲ 10.7% |
34,789 (31,900) |
▲ 9.1% |
| Lots Sold |
1,467 (1,768) |
▼ 17.0% |
7,048 (6,301) |
▲ 11.9% |
24,946 (22,243) |
▲ 12.2% |
| Percent Sold |
64.9% (67.3%) |
▼ 3.6% |
70.0% (69.3%) |
▲ 1.0% |
71.7% (69.7%) |
▲ 2.9% |
| Total Raised |
£279.4M (£332.8M) |
▼ 16.0% |
£1,325.7M (£1,072.2M) |
▲ 23.6% |
£4,375.6M (£3,721.8M) |
▲ 17.6% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
November 2024 |
September 2024 to November 2024 |
December 2023 to November 2024 |
| Lots Offered |
383 (360) |
▲ 6.4% |
1,374 (1,270) |
▲ 8.2% |
4,650 (4,369) |
▲ 6.4% |
| Lots Sold |
260 (226) |
▲ 15.0% |
932 (826) |
▲ 12.8% |
3,244 (3,026) |
▲ 7.2% |
| Percent Sold |
67.9% (62.8%) |
▲ 8.1% |
67.8% (65.0%) |
▲ 4.3% |
69.8% (69.3%) |
▲ 0.7% |
| Total Raised |
£107.6M (£77.4M) |
▲ 39.0% |
£316.3M (£296.7M) |
▲ 6.6% |
£1,124.0M (£1,013.8M) |
▲ 10.9% |
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)
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
548 (492) |
▲ 11.4% |
490 (433) |
▲ 13.2% |
58 (59) |
▼ 1.7% |
| Lots Sold |
384 (356) |
▲ 7.9% |
338 (319) |
▲ 6.0% |
46 (37) |
▲ 24.3% |
| Percent Sold |
70.1% (72.4%) |
▼ 3.2% |
69.0% (73.7%) |
▼ 6.4% |
79.3% (62.7%) |
▲ 26.5% |
| Total Raised |
£69.4M (£61.7M) |
▲ 12.5% |
£53.6M (£52.2M) |
▲ 2.8% |
£15.8M (£9.5M) |
▲ 65.9% |
 East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
880 (826) |
▲ 6.5% |
762 (732) |
▲ 4.1% |
118 (94) |
▲ 25.5% |
| Lots Sold |
620 (606) |
▲ 2.3% |
538 (531) |
▲ 1.3% |
82 (75) |
▲ 9.3% |
| Percent Sold |
70.5% (73.4%) |
▼ 4.0% |
70.6% (72.5%) |
▼ 2.6% |
69.5% (79.8%) |
▼ 12.9% |
| Total Raised |
£105.8M (£99.7M) |
▲ 6.1% |
£83.3M (£76.0M) |
▲ 9.6% |
£22.5M (£23.7M) |
▼ 5.0% |
 London
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
938 (838) |
▲ 11.9% |
861 (768) |
▲ 12.1% |
77 (70) |
▲ 10.0% |
| Lots Sold |
689 (590) |
▲ 16.8% |
634 (544) |
▲ 16.5% |
55 (46) |
▲ 19.6% |
| Percent Sold |
73.5% (70.4%) |
▲ 4.4% |
73.6% (70.8%) |
▲ 4.0% |
71.4% (65.7%) |
▲ 8.7% |
| Total Raised |
£345.6M (£256.3M) |
▲ 34.8% |
£300.2M (£220.1M) |
▲ 36.4% |
£45.4M (£36.3M) |
▲ 25.1% |
 North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
829 (610) |
▲ 35.9% |
785 (569) |
▲ 38.0% |
44 (41) |
▲ 7.3% |
| Lots Sold |
645 (458) |
▲ 40.8% |
613 (433) |
▲ 41.6% |
32 (25) |
▲ 28.0% |
| Percent Sold |
77.8% (75.1%) |
▲ 3.6% |
78.1% (76.1%) |
▲ 2.6% |
72.7% (61.0%) |
▲ 19.2% |
| Total Raised |
£47.2M (£33.7M) |
▲ 39.9% |
£37.4M (£29.7M) |
▲ 25.9% |
£9.8M (£4.1M) |
▲ 142.4% |
 North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
1,690 (1,545) |
▲ 9.4% |
1,501 (1,405) |
▲ 6.8% |
189 (140) |
▲ 35.0% |
| Lots Sold |
1,141 (1,041) |
▲ 9.6% |
1,029 (947) |
▲ 8.7% |
112 (94) |
▲ 19.1% |
| Percent Sold |
67.5% (67.4%) |
▲ 0.1% |
68.6% (67.4%) |
▲ 1.8% |
59.3% (67.1%) |
▼ 11.6% |
| Total Raised |
£152.7M (£128.3M) |
▲ 19.0% |
£125.5M (£98.2M) |
▲ 27.8% |
£27.3M (£30.1M) |
▼ 9.5% |
 North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
770 (731) |
▲ 5.3% |
679 (631) |
▲ 7.6% |
91 (100) |
▼ 9.0% |
| Lots Sold |
561 (514) |
▲ 9.1% |
495 (442) |
▲ 12.0% |
66 (72) |
▼ 8.3% |
| Percent Sold |
72.9% (70.3%) |
▲ 3.7% |
72.9% (70.0%) |
▲ 4.1% |
72.5% (72.0%) |
▲ 0.7% |
| Total Raised |
£152.5M (£152.0M) |
▲ 0.3% |
£130.1M (£106.3M) |
▲ 22.4% |
£22.3M (£45.7M) |
▼ 51.1% |
 Northern Ireland
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
74 (66) |
▲ 12.1% |
65 (49) |
▲ 32.7% |
9 (17) |
▼ 47.1% |
| Lots Sold |
31 (24) |
▲ 29.2% |
30 (18) |
▲ 66.7% |
1 (6) |
▼ 83.3% |
| Percent Sold |
41.9% (36.4%) |
▲ 15.1% |
46.2% (36.7%) |
▲ 25.9% |
11.1% (35.3%) |
▼ 68.6% |
| Total Raised |
£3.2M (£2.0M) |
▲ 58.1% |
£3.2M (£1.9M) |
▲ 71.5% |
£0.0M (£0.2M) |
▼ 84.0% |
 Scotland
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
353 (303) |
▲ 16.5% |
255 (201) |
▲ 26.9% |
98 (102) |
▼ 3.9% |
| Lots Sold |
114 (112) |
▲ 1.8% |
72 (82) |
▼ 12.2% |
42 (30) |
▲ 40.0% |
| Percent Sold |
32.3% (37.0%) |
▼ 12.7% |
28.2% (40.8%) |
▼ 30.9% |
42.9% (29.4%) |
▲ 45.9% |
| Total Raised |
£15.0M (£14.1M) |
▲ 6.1% |
£5.2M (£6.3M) |
▼ 17.4% |
£9.8M (£7.9M) |
▲ 24.7% |
 South-East Home Counties
(Includes Channel Islands, East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex)
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
1,701 (1,586) |
▲ 7.3% |
1,515 (1,400) |
▲ 8.2% |
186 (186) |
▼ 0.0% |
| Lots Sold |
1,134 (1,032) |
▲ 9.9% |
1,007 (902) |
▲ 11.6% |
127 (130) |
▼ 2.3% |
| Percent Sold |
66.7% (65.1%) |
▲ 2.5% |
66.5% (64.4%) |
▲ 3.3% |
68.3% (69.9%) |
▼ 2.3% |
| Total Raised |
£295.2M (£237.1M) |
▲ 24.5% |
£240.6M (£189.6M) |
▲ 26.9% |
£54.6M (£47.5M) |
▲ 15.0% |
 South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Isles of Scilly, Somerset, Wiltshire)
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
879 (875) |
▲ 0.5% |
741 (707) |
▲ 4.8% |
138 (168) |
▼ 17.9% |
| Lots Sold |
648 (647) |
▲ 0.2% |
542 (522) |
▲ 3.8% |
106 (125) |
▼ 15.2% |
| Percent Sold |
73.7% (73.9%) |
▼ 0.3% |
73.1% (73.8%) |
▼ 0.9% |
76.8% (74.4%) |
▲ 3.2% |
| Total Raised |
£148.3M (£129.7M) |
▲ 14.3% |
£121.5M (£99.1M) |
▲ 22.5% |
£26.8M (£30.6M) |
▼ 12.3% |
 Wales
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
601 (582) |
▲ 3.3% |
508 (503) |
▲ 1.0% |
93 (79) |
▲ 17.7% |
| Lots Sold |
388 (349) |
▲ 11.2% |
327 (308) |
▲ 6.2% |
61 (41) |
▲ 48.8% |
| Percent Sold |
64.6% (60.0%) |
▲ 7.7% |
64.4% (61.2%) |
▲ 5.2% |
65.6% (51.9%) |
▲ 26.4% |
| Total Raised |
£55.0M (£42.0M) |
▲ 30.9% |
£36.6M (£34.9M) |
▲ 5.0% |
£18.4M (£7.1M) |
▲ 157.6% |
 West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
1,284 (1,081) |
▲ 18.8% |
1,151 (964) |
▲ 19.4% |
133 (117) |
▲ 13.7% |
| Lots Sold |
951 (805) |
▲ 18.1% |
854 (720) |
▲ 18.6% |
97 (85) |
▲ 14.1% |
| Percent Sold |
74.1% (74.5%) |
▼ 0.5% |
74.2% (74.7%) |
▼ 0.7% |
72.9% (72.6%) |
▲ 0.4% |
| Total Raised |
£159.4M (£134.1M) |
▲ 18.9% |
£128.7M (£100.9M) |
▲ 27.5% |
£30.7M (£33.2M) |
▼ 7.5% |
 Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| September 2024 to November 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
895 (826) |
▲ 8.4% |
755 (729) |
▲ 3.6% |
140 (97) |
▲ 44.3% |
| Lots Sold |
674 (593) |
▲ 13.7% |
569 (533) |
▲ 6.8% |
105 (60) |
▲ 75.0% |
| Percent Sold |
75.3% (71.8%) |
▲ 4.9% |
75.4% (73.1%) |
▲ 3.1% |
75.0% (61.9%) |
▲ 21.2% |
| Total Raised |
£92.7M (£77.9M) |
▲ 18.9% |
£59.8M (£57.1M) |
▲ 4.9% |
£32.8M (£20.9M) |
▲ 57.2% |
Disclaimer: The figures in this newsletter are based on sales data provided to us by the auctioneers.
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