The Ray White Group saw an increase in property turnover for February 2010 of 9.7% in comparison to the previous year. Other key indicators show that there was a strong increase in controlled listings across our offices of 41%.
Our top offices for the month were Ponsonby, Manukau, Howick, Merivale and Warkworth. Offices that achieved their highest area increase included Wellington Commercial, Mapua, Queenstown and Arrowtown.
Our marketing presence also increased, which is measured on our overall presence in key media throughout New Zealand. The results of our market share showed increases in 12 out of the 13 market areas that we measure.
Our group memebers attribute the increased sales to the larger volume of properties that have been listed together with the increased buyers securing well marketed property. Interest rates remain at a low level and with the combination of new properties entering the market, the February volumes will give a good indication to the potential further increase in sales for March and April.
The following table shows each of the areas results for February 2010 in comparison to February 2009.
|Area||Controlled Listings %||Property Turnover %||Average Price %|
|Central & Lower Nth Is||+43%||+5%||+0.4|
|Upper South Island||+13%||+30%||+0.3|
|Lower South Island||-10%||+64%||+.1.5|
Ray White has developed real time Market Information for buyers and sellers across every area in New Zealand. Each Ray White salesperson has access to this information and it can be provided on request. Ray White has 132 Offices throughout New Zealand with 1402 sales memebrs and 107 Property Managers.