May Results Surge Up 54%

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The Ray White New Zealand Group results for May 2012 were the best sales results by the company in 4 years they showed a 54% increase on the previous May results in 2011 and showed a 21% increase on April’s results. The surge in sales came from right across New Zealand, with the Northland zone showing the most substantive increases, mainly due to the Ray White growth.

The Auckland zone saw an increase of 54%, with a major volume lift through Central and East Auckland. The Central and Lower North Island was up 53%. This was led by higher sales in the Waikato and Bay of Plenty regions. The Manawatu district also showed a good increase. Throughout the South Island the West Coast area was exceptional in sales numbers, with the Upper South Island also showing a volume lift. The Christchurch region had double the turnover in comparison to this time last year; while further South, Otago and areas of Southland showed strong gains.

The top office for the Group was Ray White City Apartments, who completed 77 transactions and listed 112 properties. Ray White Ponsonby had unconditional sales in excess of $35 million which placed them at number two in the Group. Ray White Howick together with Ray White Remuera and Ray White Ellerslie were in the top five offices for the Group. Ray White Manurewa, Ray White Glenfield and Ray White Te Atatu were the other leading offices in the Auckland area.

Ray White Mill Street Hamilton, Ray White Rotorua and Ray White Papamoa had outstanding results in the Central North Island. Ray White Palmerston North was the top office in the Lower North Island zone. In the South Island, Ray White Metro in Christchurch and Ray White Rolleston were the two leading offices. Ray White Dunedin, Ray White Richmond and Ray White Greymouth also had outstanding months.

The result of the increase comes as favourable market conditions continue to buoy the market. In addition to this, the Ray White Group has added an additional 19 new locations during the last 12 months and this has underpinned the solid growth performance. This month Ray White will open a further two offices; being Ray White Papatoetoe and Ray White Lower Hutt.

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