COVID-19 Update

Auction House sales outperform all other auctioneers in October

This monthly figure is also the highest for the group so far this year, and the second highest it has ever recorded. Full figures show 421 auction lots sold from 517 offered, at an impressive success rate of 81.4%.

 

Sally Smith (Auctioneer and Director) commented: “This performance, delivered under Covid restrictions, is exceptional and tells a powerful story about the effectiveness of regional auctions. We have always said that selling locally using our regional expertise is the best way to secure the highest prices – and these figures prove it!

 

“Across the country, we are selling a huge number of lots under the hammer every month, often several times more than any other auctioneer. This now includes more high-value properties and family homes, along with mixed-use, land and commercial lots too.”

 

Sally says that TV programmes such as the BBC’s ‘Homes Under The Hammer’ and, more recently, Channel 4’s ‘The Great House Giveaway’ have helped highlight the opportunities that auction offer.

 

She explained: “The selection of lots we are offering has widened considerably. So, whether you are buying a home to live in, or somewhere to do up and sell on, you are likely to find something to suit your requirements. As for sellers, there’s still time to get your property listed for sale in December – certain in the knowledge that demand from buyers wanting to take advantage of the current Stamp Duty Holiday is only going to increase before the scheme comes to an end in March next year.”

 

The cumulative 10-month results posted by Auction House are also impressive, showing 2,709 lots sold from 3,425 offered, at a success rate of 79.1%, with sales of £366.3m (£366,312,474).

 

Sally added: “Covid may have limited the year’s activity so far. But the truth is that Lockdown 2 is very different from the previous one, and the government is actively encouraging the buying and selling of property to continue.

 

“So we expect Q4 to deliver a strong finish to the year. October produced a record outcome and we have high hopes for November and December. Despite the global pandemic, the group is well on-track to achieve over 3,000 lots sold for the sixth year in succession – again, a record that no other auctioneer can match!”

Related Articles