Essential Auction News
Welcome to the February newsletter that looks back on auction activity for the past month, January, and on a quarterly and annual basis as well. January 2023 was a busy month when compared with 2022, with 37 auctions being held in 2022 and 49 in 2023. It must be noted that the majority of these were sub 10 lots each.
Overall, the number of lots offered was up 74% and the amount raised up almost 52%. These double-digit increases were seen in both the residential and the commercial sector as well, but it should be borne in mind that January is always a relatively quiet month for auctions. The overall quarterly and annual change for lots offered is up 31% and 11% respectively, with the amount raised remaining broadly the same at £915M for the quarter ending January 2023 and £4.74bn for the year ending January 2023.
February has been a busy month so far, and I look forward to reporting to you in approximately 4 weeks’ time with the relevant statistics.
As always, I welcome any views and comments you might have about the newsletter or the wider market in general.
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 2023 |
| Total Lots Offered |
1,009 |
| Total Lots Sold |
645 |
| Percent Sold |
63.9% |
| Total Realised |
£74,308,150 |
|
|
National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
January 2023 |
November 2022 to January 2023 |
February 2022 to January 2023 |
| Lots Offered |
1,009 (579) |
▲ 74.3% |
7,248 (5,509) |
▲ 31.6% |
31,219 (28,061) |
▲ 11.3% |
| Lots Sold |
645 (382) |
▲ 68.8% |
4,795 (4,164) |
▲ 15.2% |
22,599 (21,822) |
▲ 3.6% |
| Percent Sold |
63.9% (66.0%) |
▼ 3.2% |
66.2% (75.6%) |
▼ 12.4% |
72.4% (77.8%) |
▼ 6.9% |
| Total Raised |
£74.3M (£49.0M) |
▲ 51.8% |
£915.5M (£928.4M) |
▼ 1.4% |
£4,745.0M (£4,587.6M) |
▲ 3.4% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
January 2023 |
November 2022 to January 2023 |
February 2022 to January 2023 |
| Lots Offered |
919 (510) |
▲ 80.2% |
6,428 (4,605) |
▲ 39.6% |
26,872 (24,178) |
▲ 11.1% |
| Lots Sold |
594 (338) |
▲ 75.7% |
4,218 (3,447) |
▲ 22.4% |
19,553 (18,806) |
▲ 4.0% |
| Percent Sold |
64.6% (66.3%) |
▼ 2.6% |
65.6% (74.9%) |
▼ 12.4% |
72.8% (77.8%) |
▼ 6.4% |
| Total Raised |
£66.6M (£45.5M) |
▲ 46.3% |
£686.8M (£660.5M) |
▲ 4.0% |
£3,589.9M (£3,459.3M) |
▲ 3.8% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
January 2023 |
November 2022 to January 2023 |
February 2022 to January 2023 |
| Lots Offered |
90 (69) |
▲ 30.4% |
820 (904) |
▼ 9.3% |
4,347 (3,883) |
▲ 11.9% |
| Lots Sold |
51 (44) |
▲ 15.9% |
577 (717) |
▼ 19.5% |
3,046 (3,016) |
▲ 1.0% |
| Percent Sold |
56.7% (63.8%) |
▼ 11.1% |
70.4% (79.3%) |
▼ 11.2% |
70.1% (77.7%) |
▼ 9.8% |
| Total Raised |
£7.7M (£3.4M) |
▲ 125.3% |
£228.7M (£267.9M) |
▼ 14.6% |
£1,155.1M (£1,128.3M) |
▲ 2.4% |
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 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
257 (182) |
▲ 41.2% |
224 (142) |
▲ 57.7% |
33 (40) |
▼ 17.5% |
| Lots Sold |
187 (157) |
▲ 19.1% |
162 (121) |
▲ 33.9% |
25 (36) |
▼ 30.6% |
| Percent Sold |
72.8% (86.3%) |
▼ 15.6% |
72.3% (85.2%) |
▼ 15.1% |
75.8% (90.0%) |
▼ 15.8% |
| Total Raised |
£39.0M (£33.3M) |
▲ 17.2% |
£27.2M (£24.0M) |
▲ 13.6% |
£11.8M (£9.3M) |
▲ 26.4% |
 East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
567 (421) |
▲ 34.7% |
507 (352) |
▲ 44.0% |
60 (69) |
▼ 13.0% |
| Lots Sold |
387 (317) |
▲ 22.1% |
336 (260) |
▲ 29.2% |
51 (57) |
▼ 10.5% |
| Percent Sold |
68.3% (75.3%) |
▼ 9.3% |
66.3% (73.9%) |
▼ 10.3% |
85.0% (82.6%) |
▲ 2.9% |
| Total Raised |
£65.8M (£62.5M) |
▲ 5.3% |
£49.0M (£41.0M) |
▲ 19.6% |
£16.8M (£21.5M) |
▼ 21.8% |
 London
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
540 (549) |
▼ 1.6% |
466 (494) |
▼ 5.7% |
74 (55) |
▲ 34.5% |
| Lots Sold |
370 (407) |
▼ 9.1% |
309 (357) |
▼ 13.4% |
61 (50) |
▲ 22.0% |
| Percent Sold |
68.5% (74.1%) |
▼ 7.6% |
66.3% (72.3%) |
▼ 8.3% |
82.4% (90.9%) |
▼ 9.4% |
| Total Raised |
£172.7M (£192.8M) |
▼ 10.4% |
£129.1M (£154.6M) |
▼ 16.5% |
£43.6M (£38.2M) |
▲ 14.1% |
 North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
517 (459) |
▲ 12.6% |
496 (416) |
▲ 19.2% |
21 (43) |
▼ 51.2% |
| Lots Sold |
320 (323) |
▼ 0.9% |
303 (290) |
▲ 4.5% |
17 (33) |
▼ 48.5% |
| Percent Sold |
61.9% (70.4%) |
▼ 12.1% |
61.1% (69.7%) |
▼ 12.3% |
81.0% (76.7%) |
▲ 5.6% |
| Total Raised |
£31.1M (£33.6M) |
▼ 7.3% |
£22.1M (£20.0M) |
▲ 10.3% |
£9.1M (£13.6M) |
▼ 33.1% |
 North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
1,178 (828) |
▲ 42.3% |
1,054 (710) |
▲ 48.5% |
124 (118) |
▲ 5.1% |
| Lots Sold |
759 (633) |
▲ 19.9% |
679 (537) |
▲ 26.4% |
80 (96) |
▼ 16.7% |
| Percent Sold |
64.4% (76.4%) |
▼ 15.7% |
64.4% (75.6%) |
▼ 14.8% |
64.5% (81.4%) |
▼ 20.8% |
| Total Raised |
£89.2M (£90.7M) |
▼ 1.7% |
£67.8M (£67.5M) |
▲ 0.4% |
£21.4M (£23.2M) |
▼ 7.8% |
 North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
448 (327) |
▲ 37.0% |
391 (267) |
▲ 46.4% |
57 (60) |
▼ 5.0% |
| Lots Sold |
300 (252) |
▲ 19.0% |
260 (202) |
▲ 28.7% |
40 (50) |
▼ 20.0% |
| Percent Sold |
67.0% (77.1%) |
▼ 13.1% |
66.5% (75.7%) |
▼ 12.2% |
70.2% (83.3%) |
▼ 15.7% |
| Total Raised |
£83.3M (£92.2M) |
▼ 9.6% |
£60.9M (£65.1M) |
▼ 6.5% |
£22.4M (£27.0M) |
▼ 17.2% |
 Northern Ireland
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
59 (56) |
▲ 5.4% |
44 (52) |
▼ 15.4% |
15 (4) |
▲ 275.0% |
| Lots Sold |
16 (12) |
▲ 33.3% |
11 (12) |
▼ 8.3% |
5 (0) |
▲ n/a |
| Percent Sold |
27.1% (21.4%) |
▲ 26.6% |
25.0% (23.1%) |
▲ 8.2% |
33.3% (0.0%) |
▲ n/a |
| Total Raised |
£4.9M (£1.7M) |
▲ 188.1% |
£3.0M (£1.7M) |
▲ 79.4% |
£1.8M (£0.0M) |
▲ n/a |
 Scotland
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
301 (219) |
▲ 37.4% |
214 (142) |
▲ 50.7% |
87 (77) |
▲ 13.0% |
| Lots Sold |
127 (97) |
▲ 30.9% |
87 (59) |
▲ 47.5% |
40 (38) |
▲ 5.3% |
| Percent Sold |
42.2% (44.3%) |
▼ 4.7% |
40.7% (41.5%) |
▼ 1.9% |
46.0% (49.4%) |
▼ 6.9% |
| Total Raised |
£12.2M (£13.4M) |
▼ 8.4% |
£6.6M (£3.4M) |
▲ 92.5% |
£5.7M (£10.0M) |
▼ 42.9% |
 South-East Home Counties
(Includes Channel Islands, East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex)
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
995 (874) |
▲ 13.8% |
889 (710) |
▲ 25.2% |
106 (164) |
▼ 35.4% |
| Lots Sold |
639 (683) |
▼ 6.4% |
564 (558) |
▲ 1.1% |
75 (125) |
▼ 40.0% |
| Percent Sold |
64.2% (78.1%) |
▼ 17.8% |
63.4% (78.6%) |
▼ 19.3% |
70.8% (76.2%) |
▼ 7.1% |
| Total Raised |
£150.8M (£175.5M) |
▼ 14.1% |
£119.9M (£126.7M) |
▼ 5.3% |
£30.9M (£48.8M) |
▼ 36.7% |
 South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Isles of Scilly, Somerset, Wiltshire)
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
530 (392) |
▲ 35.2% |
463 (283) |
▲ 63.6% |
67 (109) |
▼ 38.5% |
| Lots Sold |
373 (326) |
▲ 14.4% |
320 (232) |
▲ 37.9% |
53 (94) |
▼ 43.6% |
| Percent Sold |
70.4% (83.2%) |
▼ 15.4% |
69.1% (82.0%) |
▼ 15.7% |
79.1% (86.2%) |
▼ 8.2% |
| Total Raised |
£82.5M (£76.2M) |
▲ 8.3% |
£66.1M (£51.5M) |
▲ 28.4% |
£16.4M (£24.8M) |
▼ 33.6% |
 Wales
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
386 (268) |
▲ 44.0% |
342 (214) |
▲ 59.8% |
44 (54) |
▼ 18.5% |
| Lots Sold |
253 (217) |
▲ 16.6% |
226 (172) |
▲ 31.4% |
27 (45) |
▼ 40.0% |
| Percent Sold |
65.5% (81.0%) |
▼ 19.1% |
66.1% (80.4%) |
▼ 17.8% |
61.4% (83.3%) |
▼ 26.3% |
| Total Raised |
£33.7M (£34.1M) |
▼ 1.2% |
£26.3M (£23.2M) |
▲ 13.2% |
£7.4M (£10.9M) |
▼ 32.1% |
 West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
747 (486) |
▲ 53.7% |
660 (424) |
▲ 55.7% |
87 (62) |
▲ 40.3% |
| Lots Sold |
568 (399) |
▲ 42.4% |
500 (347) |
▲ 44.1% |
68 (52) |
▲ 30.8% |
| Percent Sold |
76.0% (82.1%) |
▼ 7.4% |
75.8% (81.8%) |
▼ 7.3% |
78.2% (83.9%) |
▼ 6.8% |
| Total Raised |
£89.8M (£77.2M) |
▲ 16.4% |
£64.4M (£48.5M) |
▲ 32.8% |
£25.4M (£28.7M) |
▼ 11.3% |
 Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| November 2022 to January 2023 |
Total |
Residential |
Commercial |
| Lots Offered |
723 (448) |
▲ 61.4% |
678 (399) |
▲ 69.9% |
45 (49) |
▼ 8.2% |
| Lots Sold |
496 (341) |
▲ 45.5% |
461 (300) |
▲ 53.7% |
35 (41) |
▼ 14.6% |
| Percent Sold |
68.6% (76.1%) |
▼ 9.9% |
68.0% (75.2%) |
▼ 9.6% |
77.8% (83.7%) |
▼ 7.0% |
| Total Raised |
£60.4M (£45.3M) |
▲ 33.4% |
£44.5M (£33.4M) |
▲ 33.4% |
£15.9M (£11.9M) |
▲ 33.4% |
Disclaimer: The figures in this newsletter are based on sales data provided to us by the auctioneers.
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.
Copyright © 2023 Essential Information Group
|
