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The Ray White New Zealand group results for November 2019 saw a marginal increase in sales value in comparison to 12 months ago. Sales numbers, however, were slightly down because of the increase in the median sales price, which has risen by .65% to approximately $683,117. Overall the sales numbers resulted in 1,415 residential sales which gave a total released turnover of $957 million.

The total number of controlled listings further decreased by 13% to 1,607. The difference between the sales number and the listing numbers show a small group portfolio increase of 2%. During the last quarter in comparison to November 2019 the sales volume increase was 17%.

Carey Smith, Chief Executive of Ray White New Zealand said, “The November results showed a continued increase in the majority of the markets. The month of November historically is one of the highest turnover months of the year and this has continued in 2019. Home affordability continues to rise on the back end of lowering interest rates and this has assisted investors and first home buyers coming into the market.” 

The result for our top business, Ray White Remuera, was a personal best result and the highest level of residential sales completed by a Ray White office in the history of the company at $92.9 million. Ray White Ponsonby completed $51 million in volume of sales; while Ray White Wellington City had another successful month with $31 million in settled transactions.  

The results for November 2019 saw eight offices complete a personal best in turnover. Along with Ray White Remuera; Ray White Ponsonby, Ray White Epsom, Ray White Karaka, Ray White NorthWest Centre, Ray White Kaitaia, Ray White Pukehina, and in Christchurch, Ray White Bishopdale all completed personal best results.

Throughout the regional areas of New Zealand. In Northland, Ray White Whangarei featured as the leading office. Ray White Kaitaia and Ray White Warkworth had a successful month. In Auckland, outside of Ray White Remuera and Ray White Ponsonby; Ray White Epsom, Ray White Howick, and Ray White City Apartments all had a strong sales month. In the Central North Island, Ray White Rotorua completed $18 million in sales, Ray White Hamilton and Ray White Papamoa both had an above-average month. In the Lower North Island, Ray White Wellington City was the leading office. Ray White Kemeys – Petone together with Ray White Napier both had outstanding sales. In the Upper South Island, Ray White Richmond completed $17.5 million in sales followed by an above-average month for Ray White Motueka. In Canterbury, Ray White Rolleston continued to have strong sales. Ray White Metro Central and Ray White Full Circle both achieved a successful sales month. In the Lower South Island, the leading business was Ray White Wanaka with $16 million in value of sales. Ray White Dunedin and Ray White Invercargill both had a successful month. The top commercial office for Ray White New Zealand was the team from Ray White Commercial Tauranga.

Ray White saw a strong increase in property management appointments in the month of November, with the company now having 17,923 properties under management. 

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 Ray White New Zealand

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