Essential Auction News
|
Welcome to the September newsletter that reviews the results for auctions held in August.
Developments to the website now make it possible to both search the database on an ad hoc basis for repossessions, and also set up an Auction Elert to notify you when they come up for sale. Do take a look at these new features, I am confident you will find them useful.
Please note however, it is not an exhaustive list of all the repossessions that go to auction as some are not identifiable as such with no vendor being disclosed, though my research would indicate that the vast majority are included in the list.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
Taking into account post auction sales (as all our newsletters do), the success rate was 55%. This is down 14% on August 07 but very similar to July 08 (56%). The number of lots offered was up 2.5% (997 lots) on Aug 07. In addition the amount raised was up 6.4% at £79M. With none of the major London commercial auction houses holding a sale in August, the majority of the lots offered (88%) were residential.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
August 2008 |
August 2007 |
Increase |
June - August 2008
|
June - August 2007
|
Increase |
September 2007 - August 2008 |
September 2006 - August 2007 |
Increase |
| Lots Offered |
997 |
973 |
2.5% |
8,784 |
8,780 |
0.0% |
38,000 |
37,164 |
2.2% |
| Lots Sold |
550 |
628 |
-12.4% |
4,893 |
6,312 |
-22.5% |
24,111 |
28,336 |
-14.9% |
| Percent Sold |
55% |
65% |
-14.5% |
56% |
72% |
-22.5% |
63% |
76% |
-16.8% |
| Total Raised |
£79,413,907 |
£74,610,300 |
6.4% |
£729,224,493 |
£1,264,137,144 |
-42.3% |
£4,530,457,340 |
£6,421,197,396 |
-29.4% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
August 2008 |
August 2007 |
Increase |
June - August 2008
|
June - August 2007
|
Increase |
September 2007 - August 2008 |
September 2006 - August 2007 |
Increase |
| Lots Offered |
885 |
902 |
-1.9% |
7,355 |
7,241 |
1.6% |
30,726 |
29,447 |
4.3% |
| Lots Sold |
491 |
585 |
-16.1% |
3,993 |
5,127 |
-22.1% |
18,957 |
22,122 |
-14.3% |
| Percent Sold |
55% |
65% |
-14.5% |
54% |
71% |
-23.3% |
62% |
75% |
-17.9% |
| Total Raised |
£53,661,490 |
£70,189,350 |
-23.5% |
£520,812,964 |
£873,324,049 |
-40.4% |
£2,874,930,051 |
£3,782,752,603 |
-24.0% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
August 2008 |
August 2007 |
Increase |
June - August 2008
|
June - August 2007
|
Increase |
September 2007 - August 2008 |
September 2006 - August 2007 |
Increase |
| Lots Offered |
112 |
57 |
96.5% |
1,429 |
1,539 |
-7.1% |
7,274 |
7,717 |
-5.7% |
| Lots Sold |
59 |
36 |
63.9% |
900 |
1,185 |
-24.1% |
5,154 |
6,214 |
-17.1% |
| Percent Sold |
53% |
63% |
-16.6% |
63% |
77% |
-18.2% |
71% |
81% |
-12.0% |
| Total Raised |
£25,752,417 |
£4,136,000 |
522.6% |
£208,411,529 |
£390,813,095 |
-46.7% |
£1,655,527,289 |
£2,638,444,793 |
-37.3% |
Regional Auction Analysis
With so few lots being offered in August compared with other months, meaningful analysis of the regions is difficult, suffice to say that the sale rates for the various regions is similar to past trends.
East Anglia
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
252 |
169 |
49.1% |
| Lots Sold |
132 |
133 |
-0.8% |
| Percent Sold |
52.4% |
78.7% |
-33.4% |
| Total Raised |
£18,123,500 |
£26,985,500 |
-32.8% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
222 |
131 |
69.5% |
| Lots Sold |
110 |
103 |
6.8% |
| Percent Sold |
49.5% |
78.6% |
-37.0% |
| Total Raised |
£14,511,200 |
£16,451,000 |
-11.8% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
30 |
38 |
-21.1% |
| Lots Sold |
22 |
30 |
-26.7% |
| Percent Sold |
73.3% |
78.9% |
-7.1% |
| Total Raised |
£3,612,300 |
£10,534,500 |
-65.7% |
East Midlands
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
750 |
658 |
14.0% |
| Lots Sold |
436 |
465 |
-6.2% |
| Percent Sold |
58.1% |
70.7% |
-17.7% |
| Total Raised |
£52,694,150 |
£79,624,088 |
-33.8% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
624 |
556 |
12.2% |
| Lots Sold |
353 |
388 |
-9.0% |
| Percent Sold |
56.6% |
69.8% |
-18.9% |
| Total Raised |
£36,497,650 |
£55,990,288 |
-34.8% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
126 |
102 |
23.5% |
| Lots Sold |
83 |
77 |
7.8% |
| Percent Sold |
65.9% |
75.5% |
-12.7% |
| Total Raised |
£16,196,500 |
£23,633,800 |
-31.5% |
London
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
791 |
876 |
-9.7% |
| Lots Sold |
506 |
723 |
-30.0% |
| Percent Sold |
64.0% |
82.5% |
-22.5% |
| Total Raised |
£128,480,450 |
£261,009,501 |
-50.8% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
718 |
778 |
-7.7% |
| Lots Sold |
454 |
646 |
-29.7% |
| Percent Sold |
63.2% |
83.0% |
-23.8% |
| Total Raised |
£108,097,450 |
£199,242,501 |
-45.7% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
73 |
98 |
-25.5% |
| Lots Sold |
52 |
77 |
-32.5% |
| Percent Sold |
71.2% |
78.6% |
-9.3% |
| Total Raised |
£20,383,000 |
£61,767,000 |
-67.0% |
North-East
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
686 |
544 |
26.1% |
| Lots Sold |
279 |
301 |
-7.3% |
| Percent Sold |
40.7% |
55.3% |
-26.5% |
| Total Raised |
£28,194,617 |
£46,120,045 |
-38.9% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
639 |
491 |
30.1% |
| Lots Sold |
250 |
266 |
-6.0% |
| Percent Sold |
39.1% |
54.2% |
-27.8% |
| Total Raised |
£23,296,850 |
£31,042,045 |
-25.0% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
47 |
53 |
-11.3% |
| Lots Sold |
29 |
35 |
-17.1% |
| Percent Sold |
61.7% |
66.0% |
-6.6% |
| Total Raised |
£4,897,767 |
£15,078,000 |
-67.5% |
North-West
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
1439 |
1407 |
2.3% |
| Lots Sold |
782 |
890 |
-12.1% |
| Percent Sold |
54.3% |
63.3% |
-14.1% |
| Total Raised |
£106,675,595 |
£138,431,380 |
-22.9% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
1166 |
1147 |
1.7% |
| Lots Sold |
617 |
707 |
-12.7% |
| Percent Sold |
52.9% |
61.6% |
-14.2% |
| Total Raised |
£59,966,490 |
£84,694,750 |
-29.2% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
273 |
260 |
5.0% |
| Lots Sold |
165 |
183 |
-9.8% |
| Percent Sold |
60.4% |
70.4% |
-14.1% |
| Total Raised |
£46,709,105 |
£53,736,630 |
-13.1% |
North-West Home Counties
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
414 |
406 |
2.0% |
| Lots Sold |
256 |
313 |
-18.2% |
| Percent Sold |
61.8% |
77.1% |
-19.8% |
| Total Raised |
£56,888,700 |
£96,732,250 |
-41.2% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
359 |
330 |
8.8% |
| Lots Sold |
222 |
250 |
-11.2% |
| Percent Sold |
61.8% |
75.8% |
-18.4% |
| Total Raised |
£40,126,700 |
£52,074,250 |
-22.9% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
55 |
76 |
-27.6% |
| Lots Sold |
34 |
63 |
-46.0% |
| Percent Sold |
61.8% |
82.9% |
-25.4% |
| Total Raised |
£16,762,000 |
£44,658,000 |
-62.5% |
Northern Ireland
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
10 |
28 |
-64.3% |
| Lots Sold |
5 |
2 |
150.0% |
| Percent Sold |
50.0% |
7.1% |
600.0% |
| Total Raised |
£554,000 |
£205,000 |
170.2% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
10 |
28 |
-64.3% |
| Lots Sold |
5 |
2 |
150.0% |
| Percent Sold |
50.0% |
7.1% |
600.0% |
| Total Raised |
£554,000 |
£205,000 |
170.2% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
0 |
0 |
0.0% |
| Lots Sold |
0 |
0 |
0.0% |
| Percent Sold |
0.0% |
0.0% |
0.0% |
| Total Raised |
£0 |
£0 |
0.0% |
Scotland
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
171 |
216 |
-20.8% |
| Lots Sold |
80 |
162 |
-50.6% |
| Percent Sold |
46.8% |
75.0% |
-37.6% |
| Total Raised |
£11,385,150 |
£14,624,750 |
-22.2% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
121 |
168 |
-28.0% |
| Lots Sold |
44 |
129 |
-65.9% |
| Percent Sold |
36.4% |
76.8% |
-52.6% |
| Total Raised |
£4,512,800 |
£9,733,550 |
-53.6% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
50 |
48 |
4.2% |
| Lots Sold |
36 |
33 |
9.1% |
| Percent Sold |
72.0% |
68.8% |
4.7% |
| Total Raised |
£6,872,350 |
£4,891,200 |
40.5% |
South-East Home Counties
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
1157 |
1272 |
-9.0% |
| Lots Sold |
660 |
988 |
-33.2% |
| Percent Sold |
57.0% |
77.7% |
-26.6% |
| Total Raised |
£113,989,920 |
£217,178,845 |
-47.5% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
969 |
1034 |
-6.3% |
| Lots Sold |
554 |
806 |
-31.3% |
| Percent Sold |
57.2% |
77.9% |
-26.7% |
| Total Raised |
£80,349,320 |
£158,751,845 |
-49.4% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
188 |
238 |
-21.0% |
| Lots Sold |
106 |
182 |
-41.8% |
| Percent Sold |
56.4% |
76.5% |
-26.3% |
| Total Raised |
£33,640,600 |
£58,427,000 |
-42.4% |
South-West
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
671 |
797 |
-15.8% |
| Lots Sold |
414 |
607 |
-31.8% |
| Percent Sold |
61.7% |
76.2% |
-19.0% |
| Total Raised |
£60,135,600 |
£119,411,715 |
-49.6% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
505 |
584 |
-13.5% |
| Lots Sold |
294 |
420 |
-30.0% |
| Percent Sold |
58.2% |
71.9% |
-19.0% |
| Total Raised |
£44,386,100 |
£83,628,150 |
-46.9% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
166 |
213 |
-22.1% |
| Lots Sold |
120 |
187 |
-35.8% |
| Percent Sold |
72.3% |
87.8% |
-17.7% |
| Total Raised |
£15,749,500 |
£35,783,565 |
-56.0% |
Wales
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
641 |
657 |
-2.4% |
| Lots Sold |
344 |
446 |
-22.9% |
| Percent Sold |
53.7% |
67.9% |
-20.9% |
| Total Raised |
£38,717,350 |
£63,307,600 |
-38.8% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
512 |
546 |
-6.2% |
| Lots Sold |
272 |
359 |
-24.2% |
| Percent Sold |
53.1% |
65.8% |
-19.2% |
| Total Raised |
£25,294,600 |
£39,042,600 |
-35.2% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
129 |
111 |
16.2% |
| Lots Sold |
72 |
87 |
-17.2% |
| Percent Sold |
55.8% |
78.4% |
-28.8% |
| Total Raised |
£13,422,750 |
£24,265,000 |
-44.7% |
West Midlands
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
1043 |
1061 |
-1.7% |
| Lots Sold |
550 |
768 |
-28.4% |
| Percent Sold |
52.7% |
72.4% |
-27.1% |
| Total Raised |
£60,431,750 |
£120,429,750 |
-49.8% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
846 |
853 |
-0.8% |
| Lots Sold |
426 |
607 |
-29.8% |
| Percent Sold |
50.4% |
71.2% |
-29.2% |
| Total Raised |
£45,142,200 |
£79,058,750 |
-42.9% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
197 |
208 |
-5.3% |
| Lots Sold |
124 |
161 |
-23.0% |
| Percent Sold |
62.9% |
77.4% |
-18.7% |
| Total Raised |
£15,289,550 |
£41,371,000 |
-63.0% |
Yorkshire and The Humber
| Total |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
759 |
689 |
10.2% |
| Lots Sold |
449 |
514 |
-12.6% |
| Percent Sold |
59.2% |
74.6% |
-20.7% |
| Total Raised |
£52,953,711 |
£80,076,720 |
-33.9% |
| Residential |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
664 |
595 |
11.6% |
| Lots Sold |
392 |
444 |
-11.7% |
| Percent Sold |
59.0% |
74.6% |
-20.9% |
| Total Raised |
£38,077,604 |
£63,409,320 |
-39.9% |
| Commercial |
|
June - August 2008 |
June - August 2007 |
Increase |
| Lots Offered |
95 |
94 |
1.1% |
| Lots Sold |
57 |
70 |
-18.6% |
| Percent Sold |
60.0% |
74.5% |
-19.4% |
| Total Raised |
£14,876,107 |
£16,667,400 |
-10.7% |
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.
