2012 Auction Market Review

Last year marked our 10th Birthday and 7th consecutive year as Merseyside's number one auction house.

Despite concerns of a double dip recession at the start of 2012, continued tight lending conditions and crises in the Eurozone, activity at our auctions was buoyant throughout the year.

We saw significant increases across total lots offered (+17.75%), total sales (+26.02%) and total revenue (+35.08%) compared to 2011 which are encouraging signs for the year ahead. July delivered our best result. From a catalogue of 103 lots, 80% sold generating total proceeds of £6,399,200.

Low priced vacant residential properties continued to dominate our catalogues creating opportunities for investors and first time buyers. In some cases high interest and competitive bidding led to lots selling for in excess of their guide prices demonstrating a key benefit of selling at auction.

As always, price is vital to success and as a multi-disciplined firm we are uniquely placed to monitor market conditions to ensure we get this right. Ultimately, demand will decide the true value of a property which is why it is important vendors choose an auction house that consistently attracts high attendances at its auction rooms.

Auction continues to be the fastest way to sell property with the entire process, from instruction through to completion, taking just 8 weeks. As number one auctioneer in Merseyside we offer the most efficient and effective platform for buying and selling property. For details of our 2013 auction dates please click here

 

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