The Ray White Group experienced a high volume of sales for September 2012, being 36% ahead of September 2011 trading. The results, however, were 11% less than the previous month, being August 2012.
The results for the month were a direct reflection of continued buyer confidence in the market, linked with this is continuing low interest rates. A factor in the high sales numbers continues to be the movement of people from the Christchurch region relocating within Canterbury and throughout New Zealand.
Our year to date sales are up 41% and this is a combination of growth by the Ray White network, with an additional 15 offices, and a higher productivity level by our members. Overall listings for the month increased by 6%, with auctions continuing their upward trend. The top office for the month was Ray White Ellerslie, who completed 40 sales and achieved a record result for their office. Ray White Remuera was the number two office in New Zealand with $16.5 million in trading. Ray White City Apartments again had a successful month and were recognised as the number three office. Ray White Ponsonby also featured as a top business, completing $15 million in sales. Ray White Howick came in at number five in the Group having a very strong individual month.
In the Northland region the top office was Ray White Whangarei, with Ray White Kaitaia and Ray White Mangonui reporting good results. This region is up substantially due to the growth in the Ray White network and also several market leading offices. In Auckland other offices that recorded strong results included Ray White Royal Oak, Ray White Mt Albert, Ray White Half Moon Bay and Ray White Auckland Central Commercial. Controlled listings were up by 26% and overall trading increased by 16%. The Central North Island saw Ray White Hamilton and Ray White Te Awamutu both complete more than $7 million in sales. Ray White Papamoa and Ray White Whangamata also traded well above average. Ray White Wanganui was the top business in the Lower North Island. The Upper South Island saw Ray White Richmond and Ray White Nelson complete a high volume sales month. The Canterbury market showed an overall increase of 22%. The top offices included Ray White Metro, Ray White Lincoln and Ray White Full Circle. The Lower South Island again showed another month of positive sales, with the top office being Ray White Invercargill with Ray White Dunedin, Ray White Balclutha and Ray White Arrowtown showing above average results.