Industry figures show 78.1% of homes under the hammer sold in 2016

Auction House sold the highest number of residential lots in 2016, but Clive Emson had the highest success rate when it comes to percentage sold, industry figures show.

Figures from the Essential Information Group show that Auction House sold 3,336 lots in 2016, followed by 2,192 sold by Allsop.

However, it should be noted that Auction House held 207 auctions last year, while Allsop held 13.

Additionally, Auction House offered 4,292 lots so only sold 77% while Allsop offered 2,679, giving it a success rate of 81%.

The auctioneer with the highest overall percentage of lot sales was Clive Emson, which has a relatively small market share of 5.1%, selling 883 of 1,057 lots sold in 2016, a success rate of 83.5%.

Overall, out of 19,236 lots offered, 78.1% sold, coming to 15,018, the EIG data shows.

Roger Lake, director of Auction House, said: “Our December results showed the market to be stronger in the northern half of the country, and our sales of commercial lots are significantly up there too.

“So we think that the market will be led from outside London this year. Our sales rooms in Scotland, Wales, the North and the Midlands are all expected to show strong results in the next 12 months.

“Nevertheless, with the appeal of our regional sales rooms growing, we look forward with confidence to a property market in 2017 where auctions should prosper.”

More top news stories

Hybrid agents can take up to 30% market share in next five years, Purplebricks boss declares

Continue Reading ...

UK virtual tours firm clinches global deal with fast-growing US estate agency firm

Continue Reading ...
x

Email the story to a friend

Leave a reply

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.