The Ray White Group across New Zealand completed 986 sales at an average sale price of $457,947 and listed 1,597 controlled properties with an average listing price of $523,757. The results for the Group were 3% ahead of our sales turnover in August 2013 but were lower than last month in July by just over 20%.
Individually our leading businesses were a good spread across many of the markets in New Zealand and while the top three offices featured our Central Auckland businesses, being Ray White City Apartments, Ray White Ponsonby and Ray White Remuera; there were three businesses in Christchurch, being Ray White Metro, Ray White Next Step and Ray White Unlimited, that also were top 10 turnover offices. Ray White Manukau came in at number five with a personal best in respect of their sales volume.
Carey Smith, Chief Executive of Ray White New Zealand, said “The August results in isolation were not as good as July due to the level of stock that was available over the past month. However, the increased levels of property we expect to come to the market throughout September, which will be aligned to our marketing campaign, will drive further interest in the market and will add to the turnover results for the company.” He went on to say the company has grown with a further three offices opening; two of those being in Auckland with Ray White Mangere Bridge and Ray White Epsom. The Group has also welcomed a new office in Russell which has rebranded from another company.