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.

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.

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

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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.

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Please see sample report of the inner western suburbs of Auckland

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

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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. 

The third quarter was the lowest sales every recorded on record at just under 13,000.  The talk of loosening the monetary policy in regards to interest rates was a definite change in the Reserve Bank’s direction, whereby they openly admitted that the markets were in complete handbrake mode and this was enough to not only stall the property market but to also lessen the general confidence within the economy.  There were other surrounding factors during the third quarter, including the net drop in immigration and high profile finance companies going into receivership. When all these factors were put together it led to a fairly sombre sales period. We turned the corner in the fourth quarter to see more listings coming on.  This created better results in November to again give the feeling that we may see a more consistent market going forward. 

The clear bright spot of the year was the success of our company to grow the business.  We started the year with 121 offices and we had a record breaking number of new offices join our company.  We finished the year in our strongest position, having 136 offices. What was notable during the year was that we were able to be brave enough to both terminate and not renew agreements where performance was clearly lacking.  This, I believe, will be a period we will look back on that will be decisive in our growth going forward.  We are totally committed to growth and opportunity. We have established ourselves as the only business that is credible in the real estate industry in our aspirations for leadership.  The success of 2010 in having 18 new offices open has re-ignited our strong thirst for growth and while market conditions have been tough, we believe that our business has become more relevant than ever.  Much of our positioning has been established during the past five years, where we have applied our industry leading One System and this is now recognised as the only system that is successful in New Zealand for a complete franchise business.

Our market share in Auckland on two occasions reached new highs of 21.8% and nationally we have moved over the 15% mark for the first time ever. 

Along with our office growth, we have applied additional resources with the appointment of Corinna Mansell as our New Zealand Business Performance Manager and Celia Burbery as Business Development Executive – Property Management.  This strengthens up our team to now provide additional resources to increase market share with the group that we have while layering on further market share with the introduction of new offices. 

To the vendors and landlords who have entrusted our company with their real estate needs, we wish to say thank you.  To those buyers, tenants and other people who have utilised the services of the broader Ray White Group, your patronage is appreciated. 

Our Loan Market team has gone from strength to strength and have written just over $1 billion in home loan finance during the year, to be the second largest originator of property finance in 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.

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”