Ray White sets April record with $1.681 billion in sales

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Ray White New Zealand has achieved the best April in its 28-year history as Australasia’s leading property group sold $1.681 billion worth of property – more than double the previous best that came in April of 2016.

The group sold 1,626 properties across the country with an average sale price of $996,000 and internal data showed that around 25 per cent of those sales belonged to investors.

“We of course can’t compare year-on-year with April in 2020 because of COVID-19 lockdowns – but when we look back at our previous best April in 2016 – we completed $801 million in sales, so effectively we’re up over 100 per cent on our previous best,” said Ray White New Zealand COO Daniel Coulson (pictured above).

“We do have to take a moment to acknowledge our members who have been exceptional in delivering the best outcomes for our buyers and sellers – these results are testament to them and their hard work – these results reflect them being true leaders in their field.

“There is some early evidence that first home buyers are being less overt, but it is a market where low-interest rates are the major driver of affordability and purchasing power. 

“There has been yet another signal that interest rates will be remaining at low levels for at least the next 12 to 18 months, meaning bricks and mortar will continue to be an incredibly attractive proposition, no matter what stage of buying you are at.”

Ray White Remuera took out top spot with $114.445 million worth of sales, followed by Ray White Ponsonby with $70.891 million, and Ray White Howick came in third with $61.731 million worth of sales.

In terms of auctions, Ray White New Zealand had 979 properties scheduled to go under the hammer, with an all sold clearance rate of 75.7 per cent in the month of April.