The December 2012 property sales for the Ray White Group in New Zealand have finished on a high with a surge in results of 57% increase on December 2011 and a gain of 2% on last months sales. The completed released sales turnover was close to $500 million which was the highest ever turnover for the Group in a December trading month since the company began operations in New Zealand 19 years ago.
Carey Smith, New Zealand Chief Executive, said that market conditions continue to remain favourable for the industry particularly in Auckland and surrounding suburbs. The Christchurch market has also shown considerable increase and the company’s position in both Auckland and Christchurch was very strong. He said other reasons that Ray White has continued to show record sales was due to the high level of growth the company has had with the opening of 17 new offices during 2012.
The property sales for December showed a slight increase in the average price which for Ray White is now $492,355. The increase has been influenced by continuing low interest rates, confidence from buyers and also new properties coming to the market. One of the notable points of interest in the December sales was the high number of properties which were marketed by auction. The c0ntinuing success of auction was seen as a preferred method by many sellers in the marketplace.
During the month of December Ray White opened up two new offices being Perpetual Real Estate Te Anau in the lower South Island and also Maguire Realty located in Mission Bay in the eastern suburbs of Auckland. The Company has also announced the expansion of its commercial division with McMahons Commercial in Tauranga joining Ray White in mid January 2013.
Contact: Carey Smith