Essential Auction News
|
Welcome to the April newsletter that primarily reviews the auction statistics for March 2009. March saw the percentage sold rate hold almost steady at 73% (February 2009 was 74%).
Having spent the last 6 years in our Church Street office in Regiate we have moved a few hundred yards to Charter House, 9 Castlefield Road, Reigate, Surrey, RH2 0SA. The offices are a self contained newly refurbished building with more space for our ever increasing range of activities. Our phone numbers and e-mails remain the same and all visitors are welcome so if you ever find yourself in Reigate do drop in.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
|
National Auction Analysis
March 2009 saw a fall in all sectors in the number of lots offered, lots sold and amount raised. The positive news is that as noted above, the sales rate has stayed in the 70's at 73%. Overall lots offered in March 2009 was 2,538 (March 2008 - 3,273 and Mach 2007 - 3,153) and amount raised in March 2009 was £247,064,110 (March 2008 - £400,561,156 and March 2007 - £669,672,070). The decline in lots offered and amount raised was similar in both residential and commercial sectors at 22% down on lots offered and 37%-40% for amount raised.
Total
| |
Last Month |
Last Quarter |
Last Year |
|
March 2009 |
March 2008 |
Increase |
January - March 2009
|
January - March 2008
|
Increase |
April 2008 - March 2009 |
April 2007 - March 2008 |
Increase |
| Lots Offered |
2,538 |
3,273 |
-22.5% |
6,506 |
7,939 |
-18.1% |
36,395 |
37,873 |
-3.9% |
| Lots Sold |
1,844 |
2,179 |
-15.4% |
4,813 |
5,595 |
-14.0% |
23,754 |
26,599 |
-10.7% |
| Percent Sold |
73% |
67% |
9.1% |
74% |
70% |
5.0% |
65% |
70% |
-7.1% |
| Total Raised |
£247,064,110 |
£400,561,156 |
-38.3% |
£645,745,495 |
£1,043,444,076 |
-38.1% |
£3,445,914,559 |
£5,419,099,660 |
-36.4% |
Residential
| |
Last Month |
Last Quarter |
Last Year |
|
March 2009 |
March 2008 |
Increase |
January - March 2009
|
January - March 2008
|
Increase |
April 2008 - March 2009 |
April 2007 - March 2008 |
Increase |
| Lots Offered |
2,101 |
2,708 |
-22.4% |
5,462 |
6,392 |
-14.5% |
30,182 |
30,559 |
-1.2% |
| Lots Sold |
1,517 |
1,747 |
-13.2% |
4,045 |
4,382 |
-7.7% |
19,536 |
21,009 |
-7.0% |
| Percent Sold |
72% |
65% |
11.9% |
74% |
69% |
8.0% |
65% |
69% |
-5.8% |
| Total Raised |
£163,058,260 |
£259,280,656 |
-37.1% |
£458,670,485 |
£682,846,907 |
-32.8% |
£2,426,294,176 |
£3,510,018,676 |
-30.9% |
Commercial
| |
Last Month |
Last Quarter |
Last Year |
|
March 2009 |
March 2008 |
Increase |
January - March 2009
|
January - March 2008
|
Increase |
April 2008 - March 2009 |
April 2007 - March 2008 |
Increase |
| Lots Offered |
437 |
565 |
-22.7% |
1,044 |
1,547 |
-32.5% |
6,213 |
7,305 |
-14.9% |
| Lots Sold |
327 |
432 |
-24.3% |
768 |
1,213 |
-36.7% |
4,218 |
5,582 |
-24.4% |
| Percent Sold |
75% |
76% |
-2.1% |
74% |
78% |
-6.2% |
68% |
76% |
-11.2% |
| Total Raised |
£84,005,850 |
£141,280,500 |
-40.5% |
£187,075,010 |
£360,597,169 |
-48.1% |
£1,019,620,383 |
£1,902,665,984 |
-46.4% |
Regional Auction Analysis
With the exception of the North East, all regions saw at least 60% of the properties sell. The North East overall was 59.2%, well up on the mid 30's we were seeing last year.
East Anglia
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
158 |
205 |
-22.9% |
| Lots Sold |
110 |
170 |
-35.3% |
| Percent Sold |
69.6% |
82.9% |
-16.0% |
| Total Raised |
£22,987,350 |
£31,899,500 |
-27.9% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
131 |
150 |
-12.7% |
| Lots Sold |
92 |
119 |
-22.7% |
| Percent Sold |
70.2% |
79.3% |
-11.5% |
| Total Raised |
£10,848,600 |
£21,305,000 |
-49.1% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
27 |
55 |
-50.9% |
| Lots Sold |
18 |
51 |
-64.7% |
| Percent Sold |
66.7% |
92.7% |
-28.1% |
| Total Raised |
£12,138,750 |
£10,594,500 |
14.6% |
East Midlands
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
515 |
648 |
-20.5% |
| Lots Sold |
397 |
484 |
-18.0% |
| Percent Sold |
77.1% |
74.7% |
3.2% |
| Total Raised |
£37,707,400 |
£69,537,410 |
-45.8% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
425 |
525 |
-19.0% |
| Lots Sold |
332 |
377 |
-11.9% |
| Percent Sold |
78.1% |
71.8% |
8.8% |
| Total Raised |
£26,889,900 |
£41,701,850 |
-35.5% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
90 |
123 |
-26.8% |
| Lots Sold |
65 |
107 |
-39.3% |
| Percent Sold |
72.2% |
87.0% |
-17.0% |
| Total Raised |
£10,817,500 |
£27,835,560 |
-61.1% |
London
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
764 |
904 |
-15.5% |
| Lots Sold |
636 |
711 |
-10.5% |
| Percent Sold |
83.2% |
78.7% |
5.8% |
| Total Raised |
£153,019,950 |
£251,999,850 |
-39.3% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
699 |
811 |
-13.8% |
| Lots Sold |
587 |
632 |
-7.1% |
| Percent Sold |
84.0% |
77.9% |
7.8% |
| Total Raised |
£125,369,950 |
£203,548,350 |
-38.4% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
65 |
93 |
-30.1% |
| Lots Sold |
49 |
79 |
-38.0% |
| Percent Sold |
75.4% |
84.9% |
-11.3% |
| Total Raised |
£27,650,000 |
£48,451,500 |
-42.9% |
North-East
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
576 |
566 |
1.8% |
| Lots Sold |
341 |
329 |
3.6% |
| Percent Sold |
59.2% |
58.1% |
1.8% |
| Total Raised |
£31,764,435 |
£46,717,347 |
-32.0% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
537 |
506 |
6.1% |
| Lots Sold |
312 |
291 |
7.2% |
| Percent Sold |
58.1% |
57.5% |
1.0% |
| Total Raised |
£27,991,375 |
£32,812,847 |
-14.7% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
39 |
60 |
-35.0% |
| Lots Sold |
29 |
38 |
-23.7% |
| Percent Sold |
74.4% |
63.3% |
17.4% |
| Total Raised |
£3,773,060 |
£13,904,500 |
-72.9% |
North-West
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
1075 |
1282 |
-16.1% |
| Lots Sold |
729 |
784 |
-7.0% |
| Percent Sold |
67.8% |
61.2% |
10.9% |
| Total Raised |
£75,565,725 |
£96,606,700 |
-21.8% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
905 |
1049 |
-13.7% |
| Lots Sold |
617 |
629 |
-1.9% |
| Percent Sold |
68.2% |
60.0% |
13.7% |
| Total Raised |
£48,339,175 |
£63,989,750 |
-24.5% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
170 |
233 |
-27.0% |
| Lots Sold |
112 |
155 |
-27.7% |
| Percent Sold |
65.9% |
66.5% |
-1.0% |
| Total Raised |
£27,226,550 |
£32,616,950 |
-16.5% |
North-West Home Counties
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
346 |
411 |
-15.8% |
| Lots Sold |
256 |
313 |
-18.2% |
| Percent Sold |
74.0% |
76.2% |
-2.8% |
| Total Raised |
£50,638,500 |
£83,168,801 |
-39.1% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
281 |
335 |
-16.1% |
| Lots Sold |
209 |
249 |
-16.1% |
| Percent Sold |
74.4% |
74.3% |
0.1% |
| Total Raised |
£31,492,250 |
£51,324,801 |
-38.6% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
65 |
76 |
-14.5% |
| Lots Sold |
47 |
64 |
-26.6% |
| Percent Sold |
72.3% |
84.2% |
-14.1% |
| Total Raised |
£19,146,250 |
£31,844,000 |
-39.9% |
Scotland
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
149 |
234 |
-36.3% |
| Lots Sold |
95 |
169 |
-43.8% |
| Percent Sold |
63.8% |
72.2% |
-11.7% |
| Total Raised |
£8,628,835 |
£23,403,313 |
-63.1% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
102 |
149 |
-31.5% |
| Lots Sold |
62 |
97 |
-36.1% |
| Percent Sold |
60.8% |
65.1% |
-6.6% |
| Total Raised |
£5,017,485 |
£7,294,253 |
-31.2% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
47 |
85 |
-44.7% |
| Lots Sold |
33 |
72 |
-54.2% |
| Percent Sold |
70.2% |
84.7% |
-17.1% |
| Total Raised |
£3,611,350 |
£16,109,060 |
-77.6% |
South-East Home Counties
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
823 |
985 |
-16.4% |
| Lots Sold |
664 |
741 |
-10.4% |
| Percent Sold |
80.7% |
75.2% |
7.2% |
| Total Raised |
£99,688,650 |
£162,471,505 |
-38.6% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
661 |
788 |
-16.1% |
| Lots Sold |
541 |
587 |
-7.8% |
| Percent Sold |
81.8% |
74.5% |
9.9% |
| Total Raised |
£66,119,900 |
£99,598,106 |
-33.6% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
162 |
197 |
-17.8% |
| Lots Sold |
123 |
154 |
-20.1% |
| Percent Sold |
75.9% |
78.2% |
-2.9% |
| Total Raised |
£33,568,750 |
£62,873,399 |
-46.6% |
South-West
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
447 |
600 |
-25.5% |
| Lots Sold |
376 |
431 |
-12.8% |
| Percent Sold |
84.1% |
71.8% |
17.1% |
| Total Raised |
£50,109,200 |
£76,754,400 |
-34.7% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
311 |
437 |
-28.8% |
| Lots Sold |
255 |
292 |
-12.7% |
| Percent Sold |
82.0% |
66.8% |
22.7% |
| Total Raised |
£33,087,150 |
£44,622,100 |
-25.9% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
136 |
163 |
-16.6% |
| Lots Sold |
121 |
139 |
-12.9% |
| Percent Sold |
89.0% |
85.3% |
4.3% |
| Total Raised |
£17,022,050 |
£32,132,300 |
-47.0% |
Wales
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
402 |
551 |
-27.0% |
| Lots Sold |
290 |
367 |
-21.0% |
| Percent Sold |
72.1% |
66.6% |
8.3% |
| Total Raised |
£27,006,550 |
£43,555,850 |
-38.0% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
333 |
442 |
-24.7% |
| Lots Sold |
242 |
287 |
-15.7% |
| Percent Sold |
72.7% |
64.9% |
11.9% |
| Total Raised |
£18,909,300 |
£25,931,850 |
-27.1% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
69 |
109 |
-36.7% |
| Lots Sold |
48 |
80 |
-40.0% |
| Percent Sold |
69.6% |
73.4% |
-5.2% |
| Total Raised |
£8,097,250 |
£17,624,000 |
-54.1% |
West Midlands
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
589 |
872 |
-32.5% |
| Lots Sold |
425 |
629 |
-32.4% |
| Percent Sold |
72.2% |
72.1% |
0.0% |
| Total Raised |
£38,634,550 |
£88,919,300 |
-56.6% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
499 |
684 |
-27.0% |
| Lots Sold |
363 |
479 |
-24.2% |
| Percent Sold |
72.7% |
70.0% |
3.9% |
| Total Raised |
£27,611,550 |
£57,007,800 |
-51.6% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
90 |
188 |
-52.1% |
| Lots Sold |
62 |
150 |
-58.7% |
| Percent Sold |
68.9% |
79.8% |
-13.7% |
| Total Raised |
£11,023,000 |
£31,911,500 |
-65.5% |
Yorkshire and The Humber
| Total |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
657 |
670 |
-1.9% |
| Lots Sold |
491 |
456 |
7.7% |
| Percent Sold |
74.7% |
68.1% |
9.8% |
| Total Raised |
£49,733,350 |
£67,183,100 |
-26.0% |
| Residential |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
573 |
505 |
13.5% |
| Lots Sold |
430 |
332 |
29.5% |
| Percent Sold |
75.0% |
65.7% |
14.1% |
| Total Raised |
£36,732,850 |
£32,483,200 |
13.1% |
| Commercial |
|
January 2008 - March 2009 |
January 2007 - March 2008 |
Increase |
| Lots Offered |
84 |
165 |
-49.1% |
| Lots Sold |
61 |
124 |
-50.8% |
| Percent Sold |
72.6% |
75.2% |
-3.4% |
| Total Raised |
£13,000,500 |
£34,699,900 |
-62.5% |
Your Comments
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