The Ray White Group Results for March 2015 were the second highest in the company’s history and were 25% ahead of the same period last year and a substantial increase on the February 2015 results.
March saw the Ray White Group complete 1,353 transactions at an average sale price of $546,402. There was a noticeable rise in the number of listings secured by the Group, which increased to 1,641 and this lifted the overall listing portfolio to a total of 8,382 properties across all divisions.
Carey Smith, Chief Executive of Ray White New Zealand, said “The March results came on the back of a strong listing month in February and the company concentrating and focusing on marketing outcomes during March. The company’s productivity per office lifted to a new record high and this resulted in a combined result of the Auckland and Canterbury markets registering record volumes of sales; while for the Group across New Zealand it was our second highest sales month on record.”
The top three businesses across New Zealand were lead by Ray White Remuera, who completed $58 million in released sales. Ray White Ponsonby again produced outstanding results to complete $40 million in sales volume, and Ray White City Apartments continued their dominance in the apartment market, completing 81 transactions.
Individually, there were many personal best results for the company and this was headlined by Ray White Remuera, who completed the single highest residential sales for the Ray White Group at $57 million. Across the country; in Northland Ray White Whangarei was the top office and continues to produce market share in excess of 30%. In the Central North Island, Ray White Rotorua completed a personal best month with just under $10 million in sales. The Lower North Island was Ray White Wanganui again produce an outstanding sales month. Ray White Richmond in the Upper South Island were the dominant business in their trade area; while Ray White Metro, Ray White Prier Manson and Ray White Next Step all completed personal best months in the Canterbury region. Ray White Dunedin, Ray White Wanaka and Ray White Arrowtown in the Lower South Island all produced individual record results.
The Ray White Group this month will launch the Real Insurance campaign, which will provide landlords with an opportunity to have their properties insured for a period of 12 months through participating Ray White property management offices.