Posts Tagged ‘Auckland Property Market’

Simon and Glynn Pritchett, husband and wife team at the Kohimarama office, manned a Ray White stand in Hall 9 at the Auckland Home Show which ran from Wednesday 9th to Sunday 13th September. Simon, a well known interior designer, has had an association with the show for over 18 years, and saw this as an ideal opportunity to not only promote his real estate partnership, but Ray White Kohimarama and the greater Ray White Group, including Loan Market. Up to 55,000 people attend this show annually and it is a great promotional opportunity for Simon and Glynn and to also promote a cross section of the office’s listings and services. Simon expected to make some good listing and buyer contacts and also to make a number of referrals to other offices as a result of enquiry.

The  August property sales results for the Ray White Group throughout New Zealand have seen an increase of 47% on the same time last year.  These results are also reflected in the increase in listing stock, which has seen the company lift 27% more properties than this time last year.

The Northland region increased its turnover by 46% and also had a positive stock increase.  We currently have nine offices trading through this region.

In Auckland the increase was the largest in the country, being 69% and close to $200 million in turnover.  The volume of property listed increased to just below 1,000 properties; an increase of approximately 35% on the previous year.  Ray white has 671 salespeople trading through this area.

The Central North Island, while reducing its controlled listing levels, increased their sales turnover by 49%.  Throughout this region we have welcomed four new offices in the last three months, being Tokoroa, Putaruru, Taranaki and today the new Opotiki office.  The Lower North Island increased their property sales by 25% and also increased the listings secured by 14%.

The Upper South Island, where Ray White has five offices, lifted turnover positively by 41% and listed approximately 57 properties.  The Canterbury market saw a 20% increase with a 10% increase in new listings.  The Lower South Island remained consistent in the turnover of sales, with a slight increase in the number of new properties listed.

The Ray White Group has 130 offices turning over just on $4.3 billion in property sales per annum.  The company will list just on 25,000 controlled properties and year to date has increased property turnover by 27%.

May results came in relatively strongly given the amount of stock and the perceived shortage that is in the market.  Ray White New Zealand traded 24% ahead of last year, with auction listings up 34% and exclusive stock across the country up 14%.  Our Loan Market Mortgage Brokers approval rates were up by 3%. totalling 58mil in finance.  

The Auckland property market was where most positive activity occured up 39%, The Canterbury showed a continued upward movement of 28%. The Lower South Island aslo was in a positive position up 14%.

The top office in the nation was Ray White Ponsonby completing just over $13 million in trading.  This comes on the back of a continued strong presence in the New Zealand Herald and a focus on property auctions.  Ray White Merivale were the number two office completing $9.8 million in sales.  This business continues to show strong results through their commitment to auction and marketing.  City apartments were number three, also completing over $9 million in apartment sales.  This office listed 60 properties for the month and continues to impress with their work on database management.  Ray White Hamilton City and Ray White Whangaparaoa were number four and five respectively. Selling 8.9mil in property sales. 

For the Loan Market Highland Park Mortgage Broker, Bruce Patten completed $7.5 million in processed loans, with Auckland Mortgage Broker Robyn Ashkettle and Rothesay Broker Scott Charlesworth representing the other top brokers.

For more information on New Zealand property listings or for confidential assistance with your home loan, visit Ray White New Zealand or Loan Market Mortgage Brokers.

*unconditional sales – (not written).