Home » News » Agencies & People » Auction House reports best April in it’s history!
Agencies & People

Auction House reports best April in it’s history!

The Negotiator

Auction House bungalow image

Auction House is reporting the highest number of April sales in the group’s 11 year history.

The award-winning auctioneer sold a total of 306 lots during the month – a 16 per cent rise on the 264 sales in 2017, with a combined value of £43.6m. This included the sale of the 1,000th lot this year – a milestone reached one month earlier than last year.

The property was a semidetached bungalow in Stanton Avenue, Northampton (pictured), which sold above its £135,000- £155,000 guide price, for £156,500.

Auction House Founding Director Roger Lake said, “These are impressive statistics in a climate which is probably even more challenging than last year. To have continued delivering improved sales results is a remarkable achievement, especially when the property market as a whole is experiencing a bumpy ride, and with all the uncertainties of Brexit still ahead of us. It only serves to prove once again the attraction of auction as a speedy, secure and successful method of sale.”

Cumulatively, the number of lots sold by Auction House in the first four months of 2018 was equally notable, with 1,032 sales so far (compared to 980 during the same period last year) and a total raised of almost £130m (£129,980,271), compared to £123m between January and April 2017.

Roger Lake added, “These figures also indicate the consistently strong performance of our room auctions, which do not seem to have been adversely impacted by the rise in internet sales.

“Our healthiest performances lie outside the south east of England – particularly in the Midlands and North West, where we’ve seen some strong gains. Interestingly, it would appear that the northern half of the country is no longer so rigidly dependent on what happens in London, but is now more influenced by its own regional factors.”

June 15, 2018

What's your opinion?

Please note: This is a site for professional discussion. Comments will carry your full name and company.

This site uses Akismet to reduce spam. Learn how your comment data is processed.