The Ray White Group results for July 2019 saw an increase in sales value in comparison to 12 months ago. Sales numbers show an increase, as well as the median sales price increasing over the last quarter by 1.5% to $672,427. Overall the sales numbers resulted in 1,392 residential property sales, which gave a total net released turnover of $825 million. The total number of controlled listings secured decreased by 8% to 1,434. The difference between the sales numbers and the listing numbers shows that the group portfolio increased by 2% during the past quarter. In comparison to July 2018 sales, the volume increase for sales value was 14.8%.
Carey Smith, Chief Executive of Ray White New Zealand, said ‘The July results showed a continued increase through the Auckland and Wellington regions. This was matched by continuing high volumes through the regional areas. The sales results 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 continues to gain momentum, with a further decrease in the OCR to 1.5%. 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 sales month of $50.5 million; Ray White Howick who completed $30.7 million in the volume of sales March; and Ray White Manukau, who also completed a highly successful trading month closing $24.8 million in settled transactions.
The results for July 2019 saw four offices achieve a personal best turnover from across the country, being Ray White NorthWest Centre, Ray White Devonport, Ray White Central West, and Ray White Auckland West Commercial.
Throughout the regional areas of New Zealand. In Northland, Ray White Whangarei featured as the leading office. Ray White Kerikeri had an outstanding month, as did Ray White Warkworth. In the Auckland region, the top three businesses were Ray White Remuera, Ray White Howick and Ray White Manukau. The Central North Island featured an outstanding sales month from Ray White Hamilton together with Ray White Rotorua. In the Lower North Island region, Ray White Hutt City was the leading business, followed by another strong sales month by Ray White Masterton and Ray White Kemeys Brothers – Petone. In Wellington, the city office completed another strong month. The Upper South Island featured Ray White Richmond completing $13.4 million, followed by an above-average month for Ray White Nelson and Ray White Motueka. In the Canterbury region, Ray White Rolleston achieved another great result at $16.8 million; followed by Ray White New Brighton and Ray White Metro Central. The Lower South Island featured a stunning sales month for Ray White Queenstown. Ray White Invercargill and Ray White Wanaka again had a successful sales month.
The top commercial office for Ray White New Zealand were the team from Ray White West Auckland Commercial.
This month Ray White welcomes its 172nd office in Whakatane on the Eastern Bay of Plenty, part of Ray White Ohope.
The Ray White Group announced their recognition evening will be held on 19 September.
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.