Archive for the ‘market review’ Category

The Ray White Group in New Zealand has released its latest version of real-time market information through Info Graphic Market Update, which is available for every suburb throughout New Zealand. This is displayed on an info-graphic platform and gives the reader real-time information regarding each marketplace, or a collection of marketplaces, based on the current month’s sales numbers and volume in comparison to the previous 12 months.  It also shows the number of sales in price banding throughout the previous 12 months.  The top value sale in the previous month is also shown.

This is displayed on an info-graphic platform and gives the reader real-time information regarding each marketplace, or a collection of marketplaces, based on the current month’s sales numbers and volume in comparison to the previous 12 months.  It also shows the number of sales in price banding throughout the previous 12 months.  The top value sale in the previous month is also shown.

The info-graphic market update report is available from every Ray White office.  Please click here for example reports of Remuera, Tauranga and Raglan.

The April results for the Ray White Group showed a strong lift on the previous month’s sales and were consistent with the sales numbers for the same period in 2010.  The key indicator of turnover was similar in the majority of the zones; with Auckland showing consistent trading as did the Central and Lower North Island.  The Upper South Island showed an increase of 12% on March, with the Lower South Island seeing the highest lift with a 40% increase.  The Canterbury region showed an increase on last month however is still 35% down on the previous 12 months.  The Canterbury marketplace is showing good steps to recovery.

While there has been an increase in sales, there has been a slight decrease in the overall new listings that have come onto the market which has in turn resulted in days on market decreasing and prices holding and increasing in most of the markets.

The top office for the Ray White Group was Ponsonby who completed just on $19 million in sales.  They recorded their highest success rate for auctions at just over 85% in the last 12 month period.  Ray White Queenstown also had a strong month with $16.5 million in sales.  Back in Auckland, Ray White Ellerslie completed $11 million in traded sales and listed 41 properties through their office.  Throughout provincial New Zealand; Papamoa achieved $7.3 million in traded sales; Ray White Hamilton $6.9 million, with excellent sales results also coming from Ray White Palmerston North in the Lower North Island and in the Upper South Island Ray White Stoke.  In Canterbury, Ray White Metro and Ray White Rolleston also recorded strong sales.  Overall the Group listed 1,400 controlled properties for the month; down 7% on the previous month.

The continuing record low interest rates and the increased confidence in the marketplace are expected to deliver higher sales results in May. It is believed that sellers should have increased confidence in listing their properties for sale given the current market conditions.

This month we welcome new offices in Napier, Swanson and the 16th of May, Manukau.

The Ray White Group has developed the real-time Market Review Property Report which is available across every suburb in New Zealand.  It gives information on property turnover, days on market, price banding with segregation between houses and units.  The Market Report is now available up to and including February 2011 property sales.

If you wish to receive a copy of the Market Review Report please email your name, suburbs required and return email address to corporate.nz@raywhite.com To view a sample report on Queenstown, please click here

To view a sample report on the Inner Western Suburbs, please click here

.

.

Ray White Orakei will open on Monday, 14 March 2011 through Megan Jaffe Real Estate, who is the Ray White franchise owner in Remuera.  The office is located in Coates Avenue, which is Orakei’s main shopping area.

The Orakei marketplace is one of the more diversified in the Eastern Suburbs region; for many years being home to the most expensive properties in New Zealand and also a number of original State housing properties.  The Ray White Group has held a consistently high market share in this area and establishing an office is a natural progression for the Group.

To read the full story, please click here.

.

.

As part of the 4th NZ Herald Property Report to be published on the 7th of March 2011 – Ray White has developed real time market reports through every area of New Zealand. To request your real time Market Review please email kashkettle@raywhite.com.

Please see sample report of the inner western suburbs of Auckland

Please see the add that Ray White place in the Property Report

.

.

The first quarter reflected this confidence with 14,500 sales.  Our group market share hit a new high and this set a platform for what we felt was going to be a year that saw the industry return to better times.  In April the Government started to mute on the basis of changes to LAQCs and also personal taxation advantages.  Their dissertation behind this was to make property less friendly and steer people towards personal saving with the benefit of tax deductions and a higher awareness of Kiwi Saver. In the midst of all this came two interest rate increases.  These were minor but enough to move property into an unfriendly position and to again be questioned as to its value from an investor point of view. 

The second quarter plummeted. Sales were almost 30% down on the previous year and close to mirroring the numbers of 2008.  Our group was acclimatised to these conditions, but you got the feeling this was going to set in for some period of time.  In June we had our third interest rate rise which was enough to send the signal to the market that property sales were going to go into hibernation.  Most in the industry understand that to have buyers you need to have sellers.  Sellers come to the market when there is confidence that they can market their property to receive a satisfactory return on the price that they may have originally paid.   The lack of confidence from sellers then began to domino towards the buying market. 

Read the rest of this entry »

Through the NZ Herald Property Report the Ray White Group is pleased to be able to offer real time market information for all market areas across New Zealand.

This report shows area turnover, price bands, days on market, and sale price average mediums until the end of July 2010.

If you wish to receive a report via email please enquire here swatson@raywhite.com with your email address and the suburbs you wish to receive the report on.

The report will be sent to email address within 60 minutes during business hours.

Ray White Herald on Sunday Lift out

The Ray White  Group is pleased to present, in conjunction with APN, our 40 page property lift-out that will be appearing in the Herald on Sunday this weekend 1st August 2010. This is the seventh of our feature lift-outs and has 108 properties displayed on behalf of our vendor clients throughout New Zealand.

Alongside the lift-out we present the Ray White e-book link which is available for our agency business and their clients to distribute through to databases, family and friends. Ray White prides itself on its ability to provide innovation in marketing and also to offer value through its various marketing mediums, including media, websites, property signage and our own internal client databases.

The Herald on Sunday is the leading Sunday media and is distributed throughout the North Island with a readership of over 352,000. We welcome all enquiries to be part of these outstanding marketing opportunities.

We are pleased to announce the cover for our upcoming lift out of the NZ Herald on Sunday edition to be published on Sunday 1st August 2010.

The cover is taken of Mount Ruapehu in the North Island. Please click here to view the cover.

The Ray White Group in New Zealand reported slightly lower sales last month following the first increase in official interest rates in more than a year. 

Ray White New Zealand CEO Carey Smith said while there was a four per cent increase on the previous month’s sales, the results were down 10 per cent on the June, 2009, figures. The Reserve Bank of New Zealand last month lifted the official cash rate to 2.75 per cent and Mr Smith said rates were forecast to go up over the remainder of 2010. “Our overall sales turnover would indicate that given listings are increasing and actual sales numbers are decreasing, then days on market will lengthen as will the overall success rate of property coming onto the market,” he said.  

Mr Smith said Ray White’s top office for June was Botany Town Centre, in East Auckland, which completed $16 million in sales. He said the number two office was Ponsonby, closely followed by Manukau and Howick with Kohimarama office completing Ray White’s five top NZ businesses. 

Other offices to produce a good sales month in June included Whangarei in Northland as well as Remuera, Pinehill and Royal Oak in Auckland. 

“In the Central North Island, Hamilton City, Papamoa and Bayfair recorded outstanding results while the Lower North Island zone saw Palmerston North and Taranaki complete better than expected results,” Mr Smith said. 

“The Richmond office was the leading business in the Upper South Island, while Redcliffs, Lincoln and Rolleston all had a successful sales month in Canterbury.  Arrowtown led the Lower South Island, with another good result from Queenstown.”   

Other key indicators saw controlled listing lift by 5% to 1532 with media marketing also increasing by 3%. Online enquiry surpassed 12,500 this month which was a further increase on last month which was 11,900. There has been some decline noted in open home attendees.In summary Carey Smith said “that it is balanced market with indications that buyers are prepare to make offers on properties that are inline with market value”