The Ray White Group has continued to achieve a high level of sales for the month of August 2013. The sales released were 9% ahead of the same time last year; however they reduced by 8% on last month’s sales. The total number of properties settled through our member network for August was 1,137.
Carey Smith, NZ Chief Executive of Ray White, said that “The continuing low interest rates is providing confidence in the market. The slight increase in stock levels will allow purchasers more choice and coming into the spring period, the availability of property for sale is expected to lift.”
The Ray White Group listed a total of 2,181 properties which lifted from last month by 7%. The total properties available through the company increased very slightly by 1% to 8,566. The total number of auctions completed was 418, which continue to have the highest success rate of any method of sale offered by the group.
The top five businesses throughout New Zealand completed a record level of turnover, with the number one office being Ray White Remuera, who settled just under $40 million in sales. Ray White City Apartments completed 97 sales at number two. Ray White Ponsonby again had a successful month, with $27 million in total value of sales. Ray White Hamilton was number four and Ray White Howick completed a high number of property sales to be number five in the group.
Other offices to lead their respective zones included Ray White Whangarei in Northland and Ray White Wanganui in the Lower North Island. Ray White Richmond completed $12.3 million in sales led the Upper South zone. The Canterbury zone was led by Ray White Full Circle; while Ray White Dunedin was the top office in the Lower South zone. Other offices with high levels of performance during August included Ray White Te Atatu, Ray White Te Awamutu, Ray White Prier Manson.
The Ray White Group has a new office at Millwater on the far North Shore opening during the month of September.