Archive for the ‘new offices’ Category

Please see the Ray White NZ Company update looking at the results in August and upcoming outlook for September.

The Ray White Group is proud to announce the opening of its 134^th office in New Zealand with the official commencement of the office at Wairoa. 

For the full storey on the opening of Wairoa please click here

July 2010 Ray White NZ Market Update and Introduction of the Ray White NZ Client Advantage Spring Campaign.

Please see the attached Press release

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The Ray White Group in New Zealand is proud to announce our 2010 marketing and promotion campaign.  The campaign is designed to give all Ray White clients, with the assistance of their local Ray White Real Estate Office, the ability to market their property and to increase profile, presentation and buyer response within a targeted period with upgraded promotion and also subsidised rates. 

2010 so far has shown properties that are well marketed through controlled concepts, both online and through media, have very good buyer response.  This campaign, through national and local media together with online marketing and property promotion, is designed to maximise buyer response to each and every property that Ray White is currently marketing as well as for those clients who are considering listing their property with Ray White. 

The campaign will run during September and each Ray White licensee salesperson has information on the campaign. We believe supporting our clients with increased buyer response will inevitably lead to more success for property sales on behalf of Ray White clients. 

For further information please contact anyone of our 134 Ray White offices, who will provide information on our 2010 marketing and promotion campaign.

2010 has been an inconsistent year for sales numbers in the New Zealand real estate industry. After hitting highs of over 90,000 sales per annum in 2007, sales dipped considerably to just over 55,000 in 2008.  2009 saw a recovery in part to 69,000 sales. 

During the first two months of 2010 the market showed signs it was going to continue to make up for lost ground, however this has not occurred. The second quarter of 2010 recorded one of the lowest sales months since records were taken and this was emphasised with the release of June residential sales numbers, being 4,517.  Year to date sales numbers total 29,468 which, if replicated in the second half of the year, would indicate annual sales of 58,000.  As this is similar to 2008 it may cause some changes within the industry and the way we operate.  It has long been held that the real estate industry is one that is vulnerable to market conditions, and towards the end of 2008 there were real estate offices which needed to retract and many did so and even closed their operations. 

For the Ray White Group and the way we react to these times is important.  We measure our performance on market share and this is determined by our listings and sales for each of the areas across New Zealand.  In June we produced a record result for the Auckland market with 21.7% market share being achieved by Ray White members.  Across New Zealand our market share also continues to grow, Read the rest of this entry »

Ray White is proud to announce the opening of their 134^th office which will be located on Waiheke Island.  

Matthew Smith Real Estate will be joining the Ray White Group on the 1st of August in a move that will see a successful brand and business becoming part of the Ray White Group in New Zealand.

To read the press release on Matthew Smith Real Estate becoming part of Ray White New Zealand please click here

Ray White Bucklands Beach has continually been recognised as an award winning office within the Ray White Group.  Licensee salesperson Ellen Ming, who operates from this community office, has overseen the refurbishment of the office. 

As a long term resident of Bucklands Beach, Ellen has developed a large database of clients and has an in-depth knowledge of the Eastern Beaches region.  Her International Elite status qualifies her in the top 2% of Ray White salespeople throughout the Group and is testament to the outstanding service and professional advice she offers to clients and customers.

Ellen commented that she is extremely proud of the office in Bucklands Beach. “Being located within the centre of the community” she said “is an important part of her service to be able to have a local office that shows property and the area in the best way possible.” 

The office at Bucklands Beach is now in its 12^th year of trading and Ellen has been a recognised award winning member for 11 years.  Those who are thinking about buying and selling through the Eastern Beaches area can have confidence in Ellen as one of the leading licensee salespeople in the area.

New Zealand’s number one commercial real estate specialist Bruce Whillans is joining with Australasia’s leading real estate firm Ray White to boost its presence in Auckland’s CBD.

Bruce Whillans who has sold in excess of $1 billion of commercial property in a career spanning 25 years will be the principal of Ray White Commercial (Auckland).

To read the rest of the storey please click here

To see the feature that appeared in NZ Herald please click here

In what is considered a major move for Ray White in the Southern Lakes region, the existing business known as Frankton Real Estate will become a member of the Ray White Group on 1^st July.  The office will be well known to those who visit the Southern Lakes District as it is located in a high profile location in the Frankton Shopping Centre, which forms the gateway to Queenstown and also to the international airport.

The current owner of the business Kath Cruickshank will be fully involved in the change-over to Ray White. For the full story please click here

The Ray White Group saw a reduced number of sales for May 2010 of 18% in comparison to the May results in 2009.  In comparison to last month, property sales fell by 9%. 

The top office for the month was Manukau  who completed close to $20 million in sales turnover and listed over 160 properties for the month. Ponsonby were No 2 with Remuera, Albany and Howick featuring as National Top 5 businesses.  Offices that achieved the highest zone area increase included Mangawhai, Hamilton City, Palmerston North, Motueka, Christchurch Commercial and Queenstown. Our marketing presence increased by 18% and this is measured on the overall presence in key media throughout New Zealand. 

The lower volume of sales is attributed to the budget announcement and a general lack of confidence in the investment sector of property. The results in the listing stock saw an increase from 12 months ago of 18%  and ahead by 3% on April 2010.  The number of new listings linked to the lower level of sales volume continues to show a consistent market for buyers and for sellers.  Days on Market are expected to increase while available proeprty levels grow. The Ray White Group results were better than the industry with reporting from realestate.co.nz which has shows in their Property Report for May 2010 that listings fell by 4% to 11,733 from last month and from the same time last year increased by 17%.

The Ray White Group in New Zealand has had 3 new offices opened during the past month. The new offices are Wanganui and Kapiti in the Lower North Island with Sandringham opening in Auckland. The Group now has 134 Offices with 1408 Salespeople and 184 Property Managers.