Posts Tagged ‘property sales’
The Ray White West Auckland team comprises over 100 salespeople and is part of an eight office network that has a high market share across all areas of West Auckland. Recently the sales team came together at the Lincoln Green Conference Centre in Henderson to receive presentations from a number of industry speakers together with speakers representing online marketing and print media.
Andrew Widdup of Ray White Kumeu who is the West Auckland zone chairperson commented that “The symposium was a great success, with the majority of our sales team in attendance. Presentations from the Ray White New Zealand CEO, Carey Smith as well as from Fairfax Media, Trade Me and an overview on compliance all made for an excellent day of training.”
Graeme Fraser, Auckland Business Performance Manager for Ray White New Zealand, said “The West Auckland team continue to produce quality results. There has been a strong increase in auction marketing and the symposium focused on the broader opportunities through print media and online marketing. Part of the symposium was based on compliance and skills as the area of auction marketing for licensees has become more transparent in the way our members interact with customers and clients.”
The West Auckland network comprises Ray White Kumeu, Ray White Royal Heights, Ray White Te Atatu, Ray White Henderson, Ray White Glen Eden, Ray White New Lynn, Ray White West Auckland Commercial and Ray White Mt Albert.
The Ray White Group have increased their property sales for the month of September 2013 by 7% on last year’s September result. However the sales are down by 5% on August 2013 results.
The recent introduction of the LVR changes put into place by the Reserve Bank has seen sales in the area of new home buyers and investors taper off and this is expected to continue while there is a realignment of borrowing capacity in this sector. Continued low levels of stock are seeing prices marginally increase, particularly in the areas of Auckland and Christchurch. Overall there was an increase of controlled stock by 4% on the same time last year with total property listings secured being 1,813. Auctions continue to dominate controlled listings with over 500 being completed by the company in September.
Carey Smith, Chief Executive of Ray White New Zealand said “The sales for September have completed an outstanding sales quarter for Ray White. The quarter from July to September 2013 has been the highest level of turnover since early 2007. The Ray White Group’s continued focus on skills and the high level of marketing are attributed to the increase in sales as well as the welcoming of 12 new offices so far this year.”
Ray White Remuera was the top office for the company, completing their highest ever quarter for sales with just over $95 million in sales. Ray White City Apartments were the number two office with 77 sales completed for the month. Ray White Ponsonby were the number three office trading close to $20 million in sales. Other offices to complete outstanding results included Ray White Ellerslie at number four and Ray White Full Circle in Christchurch at number five.
The Northland zone continues to show year-on-year increase with the growth of Ray White now having 13 offices throughout the region. The top business was Ray White Whangarei. In Auckland other offices to conclude strong results outside of the top five national businesses included Ray White Royal Oak, Ray White Glen Eden and Ray White Half Moon Bay. The top businesses in the Central North Island included Ray White Hamilton, Ray White Te Awamutu and Ray White Tauranga. Ray White Wanganui in the Lower North Island was the leading office for that zone. The Upper South Island saw another outstanding sales month from Ray White Richmond. In Canterbury the Ray White Group continues to increase market share and the top three businesses in this zone were represented by Ray White Full Circle, Ray White Metro and Ray White Next Step. Ray White Dunedin was the top business in the Lower South Island. Ray White Oamaru completed a personal best month and Ray White Wanaka also achieved a high level of sales.
The Ray White Group has confirmed two new offices that will be opening during the month of October including Millwater on the Hibiscus Coast and Takanini in South Auckland.
The Ray White Group has again lifted the number of sales completed by the company. The month of July 2013 saw 18% more sales released totalling just over half a billion dollars in property sales. The result was 1% ahead of last month.
Across the zones; the Northland area increased by 16% on the same time last year, with a similar increase in the number of controlled properties listed by the members through this region. In Auckland there are now 55 offices trading and they completed in excess of $300 million in sales, up 19% on last year. The controlled listings increased by 4%. The Central and Lower North Island zones were similar with increases of 15%. The number of properties available in this area reduced by 4% and this is at an all time low level. The Upper South Island was similar in trading to the same time last year. The Canterbury region showed a 22% increase; however there was less stock available by 1%. The Lower South Island returned similar figures to the same time last year and stock levels were also similar to the same period in 2012. Overall the company increased its stock position by 1% with a total of 2,016 properties listed; being made up of 532 auctions, 145 tenders and 2,239 exclusive appointments.
The top five businesses throughout New Zealand were represented by number one Ray White City Apartments who completed 91 sales. Ray White Ponsonby sold $23.1 million worth of property. Ray White Remuera were number three and completed $20 million in sales. Ray White Royal Oak and Ray White Ellerslie both completed over 40 sales and were number four and five respectively in the Ray White Group. Other offices to lead their respective zones included Ray White Whangarei in Northland; Ray White Hamilton in the Central North Island; Ray White Wanganui in the Lower North Island. Ray White Richmond completed $8.3 million in sales in the Upper South. The Canterbury zone was led by Ray White Metro and Ray White Dunedin was the top office in the Lower South Island.
The Christchurch and Canterbury property markets continue to display resilience in the recovery from now three major earthquake events over the past 10 months. Licensee salesperson Dave Findlay from Ray White Metro shows the Christchurch statistics, including residential dwellings and sales numbers on his latest market update. Please click here to see the Market Update
Please also see attached area sales for Christchurch in comparison of February to May 2010 measured against sales from February to May 2011.
Although trading for the Ray White Group decreased through the 134 offices, the top businesses within the company increased their turnover by more than 7%.
The number one office is the newly established Auckland Commercial business which is headed up by Bruce Whillans. Bruce has been appointed to a number of substantial commercial portfolios and these have now been successfully sold by Bruce and his team. They completed just over $34 million of property sales for the month. The number two office throughout New Zealand and the number one residential office was Ray White Remuera. The office completed over $23.5 million worth of sales. The Ponsonby office was number three in the Group. The listing numbers for this business have increased for the month. The number four office was located on the North Shore being Ray White Glenfield. They completed a highly successful month with over 30 property sales. The number five office was Ray White Mt Albert, having a staff of 24 on the sales team. They completed 13 auctions and 13 exclusive listings, transacting over $6 million in property sales. Overall the top five businesses in the Group increased their turnover by 7% to trade just under $90 million in property sales.
Papamoa was the top business in the Central North Island. Palmerston North was the number one office in the Lower North Island. Richmond had a successful month in the Upper South Island being the top office in their zone. In Canterbury, Lincoln completed over $6 million in sales to be the best business in that region. Arrowtown were the number one office in the Lower South Island, having a successful month completing over $5 million in property sales.
The Ray White Group saw an increase in property turnover for March 2010 of 1.8% in comparison to the previous year. In comparison to last month, property sales increased by just over 30%. Other key indicators showed that there was an increase in property listings by 11% and also auction marketing rose by 9%.
The top offices for the month included Ponsonby, Remuera, Manukau, Kohimarama and Hamilton. Offices that achieved their highest area increase included Whangarei, Taranaki, Richmond, Merivale and Arrowtown.
Our marketing presence also lifted and this is measured on our overall presence in key media throughout New Zealand. The results in our market share showed increases in 12 out of the 13 areas that we measure.
Twelve months ago saw the first rise to come out of the global financial crisis and there was a distinct lift in property sales. March 2010 has shown the same lift. This was the best recroded sales in the just over 2 years. The larger volume of properties on the market and increased buyer activity combined with a low level of interest rates saw the sales active in March. We expect with the number of properties that have come onto the market to see activity continue to increase for April.
Ray White has developed real time market information for buyers and sellers across all areas of New Zealand. Each Ray White office has access to this information and it can be provided on request. Ray White has 133 offices throughout New Zealand with 1,345 salespeople and 183 property managers. To request real time market information please email email@example.com