Ray White NZ August Sales Surge 47%

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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%.