The Ray White Group saw an increase in property turnover for March 2010 of 1.8% in comparison to the previous year. In comparison to last month, property sales increased by just over 30%. Other key indicators showed that there was an increase in property listings by 11% and also auction marketing rose by 9%.
The top offices for the month included Ponsonby, Remuera, Manukau, Kohimarama and Hamilton. Offices that achieved their highest area increase included Whangarei, Taranaki, Richmond, Merivale and Arrowtown.
Our marketing presence also lifted and this is measured on our overall presence in key media throughout New Zealand. The results in our market share showed increases in 12 out of the 13 areas that we measure.
Twelve months ago saw the first rise to come out of the global financial crisis and there was a distinct lift in property sales. March 2010 has shown the same lift. This was the best recroded sales in the just over 2 years. The larger volume of properties on the market and increased buyer activity combined with a low level of interest rates saw the sales active in March. We expect with the number of properties that have come onto the market to see activity continue to increase for April.
Ray White has developed real time market information for buyers and sellers across all areas of New Zealand. Each Ray White office has access to this information and it can be provided on request. Ray White has 133 offices throughout New Zealand with 1,345 salespeople and 183 property managers. To request real time market information please email firstname.lastname@example.org