Jump to content
House Price Crash Forum
Sign in to follow this  
mktresearch

What's Happening With Auctions?

Recommended Posts

Does anyone (more connected than me) know what's happening in the auction market?

This seems to be a slightly separate market to the standard residential housing market and I'd be interested to know people's experiences and opinions.

Is it a leading indicator? Is it doing the same as the rest of the market or is it doing something different?

Share this post


Link to post
Share on other sites

Does anyone (more connected than me) know what's happening in the auction market?

This seems to be a slightly separate market to the standard residential housing market and I'd be interested to know people's experiences and opinions.

Is it a leading indicator? Is it doing the same as the rest of the market or is it doing something different?

Hi,

Don't know, haven't been following them. It would be a nice little project for someone though, if someone had the time, to add onto the 'signs of credit retraction : let's keep a track' thread pinned above.

Boomer

Share this post


Link to post
Share on other sites

Does anyone (more connected than me) know what's happening in the auction market?

This seems to be a slightly separate market to the standard residential housing market and I'd be interested to know people's experiences and opinions.

Is it a leading indicator? Is it doing the same as the rest of the market or is it doing something different?

I sometimes nip in here to see what happened.

http://www.pattinson.co.uk/public/modules/...ionResults.aspx

D

Share this post


Link to post
Share on other sites

I've been following the latest auction on www.a-r.co.uk.

A run down property I was considering which was on "from £285k" went for £416k. Quite inexplicable as it needed at least £50k of work inside and out and the most expensive houses on that street ever went for c£475k. Oh well...

Anyway, results of last 17 auctions on the site are below. Tough to draw firm conclusions from a sample of 1 frankly but some evidence of a cooling after a successful summer in 2005.

I couldn't find a lower % sold number than Dec 2005 (62%), though Dec 2004 was a bit iffy too (69%).

Dec 2005 | 106 lots | 62% sold

Oct 2005 | 111 lots | 73% sold

Sept 2005 | 142 lots | 77% sold

July 2005 | 121 lots | 82% sold

June 2005 | 151 lots | 80% sold

April 2005 | 121 lots | 81% sold

Feb 2005 | 177 lots | 77% sold

Dec 2004 | 114 lots | 69% sold

Oct 2004 | 144 lots | 76% sold

Sept 2004 | 176 lots | 72% sold

July 2004 | 151 lots | 71% sold

June 2004 | 169 lots | 75% sold

April 2004 | 131 lots | 75% sold

Feb 2004 | 184 lots | 85% sold

Dec 2003 | 157 lots | 76% sold

Oct 2003 | 123 lots | 79% sold

Sept 2003 | 153 lots | 78% sold

FYI - the site goes back to 1992 but it was clearly a much smaller company then as auctions involved under 40 properties until about 1994/5. Even so 62% does appear historically low for the last 10 years.

Share this post


Link to post
Share on other sites

I've been following the latest auction on www.a-r.co.uk.

A run down property I was considering which was on "from £285k" went for £416k. Quite inexplicable as it needed at least £50k of work inside and out and the most expensive houses on that street ever went for c£475k. Oh well...

Anyway, results of last 17 auctions on the site are below. Tough to draw firm conclusions from a sample of 1 frankly but some evidence of a cooling after a successful summer in 2005.

I couldn't find a lower % sold number than Dec 2005 (62%), though Dec 2004 was a bit iffy too (69%).

Dec 2005 | 106 lots | 62% sold

Oct 2005 | 111 lots | 73% sold

Sept 2005 | 142 lots | 77% sold

July 2005 | 121 lots | 82% sold

June 2005 | 151 lots | 80% sold

April 2005 | 121 lots | 81% sold

Feb 2005 | 177 lots | 77% sold

Dec 2004 | 114 lots | 69% sold

Oct 2004 | 144 lots | 76% sold

Sept 2004 | 176 lots | 72% sold

July 2004 | 151 lots | 71% sold

June 2004 | 169 lots | 75% sold

April 2004 | 131 lots | 75% sold

Feb 2004 | 184 lots | 85% sold

Dec 2003 | 157 lots | 76% sold

Oct 2003 | 123 lots | 79% sold

Sept 2003 | 153 lots | 78% sold

FYI - the site goes back to 1992 but it was clearly a much smaller company then as auctions involved under 40 properties until about 1994/5. Even so 62% does appear historically low for the last 10 years.

Very interesting results there.

A definate cooling off in December with a record number of Non-Sales.

I think this is another sign the market really cooled off in December after the SIPPS reversal. A lot of people believed the hype and rushed to jump on the free money band wagon, which combined with the August IR cut, they thought was about to take off again.

The band wagon was emptied and pulled off with an "out of service" sign in the front window. Leaving all the party goers with arms full of luggage and nowhere to go.

Share this post


Link to post
Share on other sites

YOY, decembers results arent much cooler than last years

Exactly, last December was after the whole market came to a shuddering halt and HPI nosedived around this time. EA's I have spoken to admitted the market was dead at the end of 2004 and they were very worried.

I really do think the SIPPS and it's cancellation had a major effect. Combined with the rate cut, the free money gang thought the party was starting again.

Provided we get through this bullish media phase and the negative sentiment which seemed to return in December, filters through, the market will come to a halt again.

We will have to watch the December and January figures carefully.

Share this post


Link to post
Share on other sites

ok, it looks better on graphs.... Qty and % sold at auction... Even though % sold is dropping, the supply of auction properties is also dropping? Are people holding off from selling, waiting for the spring bounce?

auctions.JPG

post-552-1136810372_thumb.jpg

Edited by moosetea

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 339 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.