The Ray White Group results for June 2015 were a record for the month of June and were also the third highest result in a single month for the Group. The sales results were 11% ahead of the same period last year and 1% above May 2015. Our Group members completed 1,281 transactions at an average sale price of $592,000. The number of listings secured increased to 1,422, and that in turn increased the overall listing portfolio of the Group slightly by 2%.
Carey Smith, Chief Executive of Ray White New Zealand, said, “The June results came from continued strong listings by the company during May and June. The company has had an increased focus on the marketing of property by auction, with the auction listing level in the main CBD areas being over 50%. There were three personal best results by company members. The sales in the Auckland market decreased slightly; however this was balanced by increases in Canterbury and the Lower South Island. The balance of areas across the country remained at a consistent high point.”
The top three businesses in New Zealand were led by Ray White Remuera, who continue to produce outstanding sales results with over $57 million in released sales for the month. Ray White City Apartments completed 88 transactions and were the Group’s second strongest office. Ray White Ponsonby featured as the number three office for the Group, continuing their strong focus on marketing, with $35 million in sales completed.
The record results across the Group meant three offices had personal bests for the month. These were headlined by Ray White Papatoetoe, who marketed 21 properties for auction and completed $16 million in turnover. Ray White Browns Bay completed 50 transactions for the month, recording a result of $22.7 million. Ray White Kerikeri had a personal best sales month at $11.3 million.
Across the country; in Northland, Ray White Whangarei featured as the leading office, and Ray White Kerikeri had a record month. In the Auckland region, the top three businesses were also the top three businesses in New Zealand, being Ray White Remuera, Ray White City Apartments and Ray White Ponsonby. The Central North Island featured an outstanding sales month by Ray White Hamilton. Ray White Rotorua and Ray White Papamoa also had a high volume of sales turnover. Ray White Wanganui was the leading office in the Lower North Island region and Ray White Lower Hutt also had a good sales month at $7.9 million. The Upper South Island featured Ray White Richmond as the leading business. In Canterbury, Ray White Metro, Ray White Rolleston and Ray White Next Step were the top three businesses. In the Lower South Island, Ray White Dunedin were the leading office. Ray White Wanaka and Ray White Queenstown produced good sales results.