Posts Tagged ‘property sales’
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 firstname.lastname@example.org