Auction News update from EIG

15:15 PM, 13th February 2013, About 12 years ago

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This auction news update looks back at auction activity in January and preceding periods.

Lots offered and sold were both slightly down on January 2012 (2% and 8% respectively), but the amount raised increased by 8% to £33.5m.

With January being a relatively quiet month in the auction calendar one cannot draw many conclusions from the monthly figures, instead it is perhaps more beneficial to look at the rolling quarterly and yearly figures for a more accurate analysis of the market. These actually show positive growth, with sizeable gains made in lots offered, lots sold and total raised.
National Auction Analysis
Residential lots sold were up 11% and 8% in the rolling quarter and year respectively, whilst total amounts raised also increased by 24% and 10% over the same periods. Demand for keenly priced lots coupled with increasingly cheaper and more readily available funding is bringing about a return of buyer confidence to the market, and this bodes well for 2013.

The commercial sector has been more subdued, as the rolling year figures show a slight contraction in the volumes of lots being offered and sold. However if one looks to the rolling quarterly and monthly figures then positive gains are evident in all but one of the metrics measured, and hopefully this trend continues as we move into the busier months of the year.

Total

	Last Month			Last Quarter			Last Year
	January 2013	January 2012	Increase	November 2012 – January 2013	November 2011 – January 2012	Increase	February 2012 – January 2013	February 2011 – January 2012	Increase
Lots Offered	509	518	-1.7%	6,402	6,031	6.2%	34,074	32,586	4.6%
Lots Sold	353	382	-7.6%	4,759	4,301	10.6%	25,558	24,202	5.6%
Percent Sold	69.4%	73.7%	-5.8%	74.3%	71.3%	4.2%	75%	74.3%	0.9%
Total Raised	£33,544,344	£31,092,524	7.9%	£642,122,505	£549,092,211	16.9%	£3,509,455,804	£3,336,706,453	5.2%

Residential

	Last Month			Last Quarter			Last Year
	January 2013	January 2012	Increase	November 2012 – January 2013	November 2011 – January 2012	Increase	February 2012 – January 2013	February 2011 – January 2012	Increase
Lots Offered	470	486	-3.3%	5,243	4,914	6.7%	27,837	26,051	6.9%
Lots Sold	326	359	-9.2%	3,909	3,526	10.9%	20,916	19,368	8.0%
Percent Sold	69.4%	73.9%	-6.1%	74.6%	71.8%	3.9%	75.1%	74.3%	1.1%
Total Raised	£29,896,844	£28,877,924	3.5%	£471,200,412	£381,107,531	23.6%	£2,481,182,671	£2,256,796,727	9.9%

Commercial

	Last Month			Last Quarter			Last Year
	January 2013	January 2012	Increase	November 2012 – January 2013	November 2011 – January 2012	Increase	February 2012 – January 2013	February 2011 – January 2012	Increase
Lots Offered	39	32	21.9%	1,159	1,117	3.8%	6,237	6,535	-4.6%
Lots Sold	27	23	17.4%	850	775	9.7%	4,642	4,834	-4.0%
Percent Sold	69.2%	71.9%	-3.8%	73.3%	69.4%	5.6%	74.4%	74%	0.5%
Total Raised	£3,647,500	£2,214,600	64.7%	£170,922,093	£167,984,680	1.7%	£1,028,273,133	£1,079,909,726	-4.8%

Regional Auction Analysis

As is usually the case, variations across all the measurable parameters can be seen across the regions.

East Anglia

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	229	210	9.0%
Lots Sold	180	164	9.8%
Percent Sold	78.6%	78.1%	0.6%
Total Raised	£24,128,995	£21,268,000	13.5%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	187	162	15.4%
Lots Sold	146	127	15.0%
Percent Sold	78.1%	78.4%	-0.4%
Total Raised	£17,339,995	£13,972,500	24.1%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	42	48	-12.5%
Lots Sold	34	37	-8.1%
Percent Sold	81%	77.1%	5.1%
Total Raised	£6,789,000	£7,295,500	-6.9%

East Midlands

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	483	437	10.5%
Lots Sold	354	331	6.9%
Percent Sold	73.3%	75.7%	-3.2%
Total Raised	£36,978,450	£31,538,053	17.3%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	404	344	17.4%
Lots Sold	298	270	10.4%
Percent Sold	73.8%	78.5%	-6.0%
Total Raised	£24,818,200	£21,607,003	14.9%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	79	93	-15.1%
Lots Sold	56	61	-8.2%
Percent Sold	70.9%	65.6%	8.1%
Total Raised	£12,160,250	£9,931,050	22.4%

London

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	548	437	25.4%
Lots Sold	460	357	28.9%
Percent Sold	83.9%	81.7%	2.7%
Total Raised	£156,122,085	£103,633,600	50.6%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	500	375	33.3%
Lots Sold	421	312	34.9%
Percent Sold	84.2%	83.2%	1.2%
Total Raised	£141,510,085	£81,805,500	73.0%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	48	62	-22.6%
Lots Sold	39	45	-13.3%
Percent Sold	81.3%	72.6%	12.0%
Total Raised	£14,612,000	£21,828,100	-33.1%

North-East

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	687	561	22.5%
Lots Sold	496	403	23.1%
Percent Sold	72.2%	71.8%	0.6%
Total Raised	£36,518,199	£33,762,974	8.2%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	624	520	20.0%
Lots Sold	451	374	20.6%
Percent Sold	72.3%	71.9%	0.6%
Total Raised	£31,574,449	£28,971,974	9.0%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	63	41	53.7%
Lots Sold	45	29	55.2%
Percent Sold	71.4%	70.7%	1.0%
Total Raised	£4,943,750	£4,791,000	3.2%

Northern Ireland

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	222	123	80.5%
Lots Sold	156	63	147.6%
Percent Sold	70.3%	51.2%	37.3%
Total Raised	£8,636,350	£4,500,000	91.9%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	199	104	91.3%
Lots Sold	139	54	157.4%
Percent Sold	69.8%	51.9%	34.5%
Total Raised	£7,501,600	£3,672,500	104.3%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	23	19	21.1%
Lots Sold	17	9	88.9%
Percent Sold	73.9%	47.4%	55.9%
Total Raised	£1,134,750	£827,500	37.1%

North-West

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	1,030	1,120	-8.0%
Lots Sold	740	772	-4.1%
Percent Sold	71.8%	68.9%	4.2%
Total Raised	£60,374,402	£65,244,725	-7.5%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	826	876	-5.7%
Lots Sold	603	609	-1.0%
Percent Sold	73%	69.5%	5.0%
Total Raised	£42,882,699	£40,377,104	6.2%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	204	244	-16.4%
Lots Sold	137	163	-16.0%
Percent Sold	67.2%	66.8%	0.6%
Total Raised	£17,491,703	£24,867,621	-29.7%

North-West Home Counties

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	272	192	41.7%
Lots Sold	217	139	56.1%
Percent Sold	79.8%	72.4%	10.2%
Total Raised	£60,358,340	£34,202,500	76.5%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	215	149	44.3%
Lots Sold	167	106	57.5%
Percent Sold	77.7%	71.1%	9.3%
Total Raised	£33,063,640	£20,594,000	60.5%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	57	43	32.6%
Lots Sold	50	33	51.5%
Percent Sold	87.7%	76.7%	14.3%
Total Raised	£27,294,700	£13,608,500	100.6%

Scotland

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	253	253	0.0%
Lots Sold	111	96	15.6%
Percent Sold	43.9%	37.9%	15.8%
Total Raised	£9,255,000	£8,977,955	3.1%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	206	196	5.1%
Lots Sold	91	74	23.0%
Percent Sold	44.2%	37.8%	16.9%
Total Raised	£5,296,550	£5,341,555	-0.8%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	47	57	-17.5%
Lots Sold	20	22	-9.1%
Percent Sold	42.6%	38.6%	10.4%
Total Raised	£3,958,450	£3,636,400	8.9%

South-East Home Counties

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	688	588	17.0%
Lots Sold	533	447	19.2%
Percent Sold	77.5%	76%	2.0%
Total Raised	£94,324,561	£92,384,689	2.1%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	525	466	12.7%
Lots Sold	412	357	15.4%
Percent Sold	78.5%	76.6%	2.5%
Total Raised	£55,889,561	£54,699,189	2.2%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	163	122	33.6%
Lots Sold	121	90	34.4%
Percent Sold	74.2%	73.8%	0.5%
Total Raised	£38,435,000	£37,685,500	2.0%

South-West

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	431	414	4.1%
Lots Sold	313	285	9.8%
Percent Sold	72.6%	68.8%	5.5%
Total Raised	£44,487,450	£37,017,002	20.2%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	272	317	-14.2%
Lots Sold	193	211	-8.5%
Percent Sold	71%	66.6%	6.6%
Total Raised	£27,967,500	£27,302,502	2.4%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	159	97	63.9%
Lots Sold	120	74	62.2%
Percent Sold	75.5%	76.3%	-1.0%
Total Raised	£16,519,950	£9,714,500	70.1%

Wales

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	378	358	5.6%
Lots Sold	281	253	11.1%
Percent Sold	74.3%	70.7%	5.1%
Total Raised	£23,340,300	£22,319,783	4.6%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	287	282	1.8%
Lots Sold	210	200	5.0%
Percent Sold	73.2%	70.9%	3.2%
Total Raised	£17,548,300	£15,553,949	12.8%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	91	76	19.7%
Lots Sold	71	53	34.0%
Percent Sold	78%	69.7%	11.9%
Total Raised	£5,792,000	£6,765,834	-14.4%

West Midlands

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	529	630	-16.0%
Lots Sold	419	470	-10.9%
Percent Sold	79.2%	74.6%	6.2%
Total Raised	£42,114,373	£48,902,750	-13.9%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	439	517	-15.1%
Lots Sold	348	387	-10.1%
Percent Sold	79.3%	74.9%	5.9%
Total Raised	£28,986,633	£32,322,700	-10.3%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	90	113	-20.4%
Lots Sold	71	83	-14.5%
Percent Sold	78.9%	73.5%	7.3%
Total Raised	£13,127,740	£16,580,050	-20.8%

Yorkshire and The Humber

Total
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	652	708	-7.9%
Lots Sold	499	521	-4.2%
Percent Sold	76.5%	73.6%	3.9%
Total Raised	£45,484,000	£45,340,180	0.3%

Residential
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	559	606	-7.8%
Lots Sold	430	445	-3.4%
Percent Sold	76.9%	73.4%	4.8%
Total Raised	£36,821,200	£34,887,055	5.5%

Commercial
	November 2012 – January 2013	November 2011 – January 2012	Increase
Lots Offered	93	102	-8.8%
Lots Sold	69	76	-9.2%
Percent Sold	74.2%	74.5%	-0.4%
Total Raised	£8,662,800	£10,453,125	-17.1%

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