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Record sales

The Ray White Group results for March 2016 saw a significant increase in comparison to the sales value 12 months ago. Sales numbers showed an increase as well as the median sales price increasing by 3% to $618,736. Overall the sales numbers resulted in 1,392 residential property sales, which gave a total net released turnover of just under $800 million. The total number of listings secured increased to 1,847. The difference between the sales numbers and the listing numbers will show the total group portfolio increased for the fourth month running. In comparison to March 2015 sales, the volume increase for sales value was 19.7%.

Carey Smith, Chief Executive of Ray White New Zealand, said ‘The march results showed a significant increase through the Auckland region. This was matched by continuing high volumes through the regional areas. The record result would indicate that while the Group’s continuing increased market share was a factor, so was the built up demand from buyers and sellers. The investor market has gained momentum, with a further decrease in the OCR rate during March. This will assist investors coming back into the market, particularly when coupled with strong rental demand.”

The top three businesses in New Zealand were Ray White Remuera, who completed a record sales month of $85 million; Ray White City Apartments who sold 91 properties during March; and Ray White Ponsonby, who also completed a highly successful trading month.

The results for March saw 11 offices achieve personal best turnover from across the country and they included Ray White Tutukaka, Ray White Raglan, Ray White St Heliers, Ray White Mt Maunganui, Ray White Lincoln, Ray White Arrowtown, Ray White Full Circle, Ray White Epsom, Ray White Glenfield, Ray White Metro and Ray White Remuera.

Throughout the regional areas of New Zealand. In Northland, Ray White Whangarei featured as the leading office. Ray White Tutukaka had an outstanding month, as did Ray White Kerikeri. In the Auckland region, the top three businesses were Ray White Remuera, Ray White City Apartments and Ray White Ponsonby. The Central North Island featured an outstanding sales month from Ray White Hamilton, Ray White Mt Maunganui, and Ray White Rotorua. In the Lower North Island region, Ray White Wanganui were the leading business, followed by another strong sales month by Ray White Lower Hutt and Ray White Palmerston North. The Upper South Island featured Ray White Richmond completing $10.2 million, followed by an above average month for Ray White Nelson and Ray White Motueka. In the Canterbury region, Ray White Metro achieved a personal best result at $22.2 million; followed by Ray White Full Circle and Ray White Rolleston. The Lower South Island featured a record sales month for Ray White Arrowtown. Ray White Dunedin and Ray White Invercargill again had  a successful sales month.  

The top commercial office for Ray White New Zealand were the team from Ray White Tauranga Commercial.

The Ray White Group recently celebrated their annual recognition evening, with 920 members and guests celebrating a record year for the Group.

Ray White remains strategically focused on customer satisfaction and continues to measure the underlying success of the Group through the Net Promoter Score, which allows Ray White to give industry-leading outcomes to their clients.

Written by Larissa Tuhaka

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