Ray White New Zealand has recorded a 12% increase on sales for March 2013 in comparison to 12 months ago. The increase from last month in total value of sales was 41%.
The Northland region saw the country’s biggest increase for the Group, up 49%. In addition to this, controlled listings were also 21% ahead of last year.
The Auckland market continues to surge with a 16% increase on March 2012 and a 45% increase on last month. Overall stock levels remain at a consistent level; however auction marketing is continuing to play a dominant role as a preferred method of marketing.
The Central North Island was the only region to see a decrease, being 10% behind last year’s result. The Lower North Island was 20% up on last year and has maintained a 15% year to date increase in properties listed.
The Upper South Island showed an increase of 40% while year to date the overall sales increase has been 15%. The Canterbury region for the second month running has remained similar to 12 months ago. This market is also showing a strong lean towards auction marketing. The Lower South Island increased by 11% in their property sales from 12 months ago, with an increase in controlled listings of 18%.
Overall the company saw just under $500 million worth of sales released in the month of March. There were just on 2,700 properties listed as sole agencies, with 31% of those being marketed by auction.
The top five businesses in the Group achieved a record level of sales headed up by Ray White Ponsonby with just under $31 million in released sales. Ray White Remuera were the number two office in New Zealand with $25 million in sales. Ray White City Apartments again had a strong month completing 62 sales. Ray White Hamilton achieved $14 million in property sales at number four, with Ray White Metro in Christchurch completing $12.5 million in sales to be number five in the Group.
Ray White Whangarei, Ray White Broadway, Ray White Royal Oak, Ray White Mt Albert and Ray White Richmond were other offices to complete results in the top 10. Other regional outstanding zone performances include Ray White Wanganui, Ray White Paraparaumu, Ray White Nelson, Ray White Dunedin, Ray White Arrowtown, Ray White Gore, Ray White Papamoa, Ray White Rotorua and Ray White Greymouth.