May 2009 results 24% up on 2008*
May results came in relatively strongly given the amount of stock and the perceived shortage that is in the market. Ray White New Zealand traded 24% ahead of last year, with auction listings up 34% and exclusive stock across the country up 14%. Our Loan Market Mortgage Brokers approval rates were up by 3%. totalling 58mil in finance.
The Auckland property market was where most positive activity occured up 39%, The Canterbury showed a continued upward movement of 28%. The Lower South Island aslo was in a positive position up 14%.
The top office in the nation was Ray White Ponsonby completing just over $13 million in trading. This comes on the back of a continued strong presence in the New Zealand Herald and a focus on property auctions. Ray White Merivale were the number two office completing $9.8 million in sales. This business continues to show strong results through their commitment to auction and marketing. City apartments were number three, also completing over $9 million in apartment sales. This office listed 60 properties for the month and continues to impress with their work on database management. Ray White Hamilton City and Ray White Whangaparaoa were number four and five respectively. Selling 8.9mil in property sales.
For the Loan Market Highland Park Mortgage Broker, Bruce Patten completed $7.5 million in processed loans, with Auckland Mortgage Broker Robyn Ashkettle and Rothesay Broker Scott Charlesworth representing the other top brokers.
*unconditional sales – (not written).