Ray White Sales Increase for May 2017

The Ray White Group recorded a slight increase, up 3%, on released sales for May 2017 in comparison to the same time last year. Against April 2017, the results were up considerably. The Group overall transacted close to $900 million in sales resulting in 1,476 properties transacted. The controlled residential listings were up by close to 18% and the Group completed 1,783. The turnover recorded was the highest released sales for the month of May and it was the fourth highest recorded for the Group overall.

The top five sales offices for the month of May included Ray White Remuera, who completed $58 million in overall sales. Ray White Ponsonby had a record auction listing month and completed $39.8 million in property transactions. Ray White Wellington City were again in the top three offices transacting $27 million in sales. Ray White Metro in Christchurch had another strong sales month, with $23.7 million of sold property value. Ray White Howick were the number five office for the Group and completed sales of just over $30 million.

In addition to the top offices across New Zealand, there were nine offices who completed personal best results and these included Ray White Kerikeri, Ray White Mangere Bridge, Ray White Patumahoe, Ray White Pegasus, Ray White Rangiora, Ray White Sandringham, Ray White Takapuna, Ray White Tokoroa and Ray White Whangarei.

Carey Smith, Chief Executive of Ray White New Zealand, said “The sales results for May bounced back strongly. There was a good spread across New Zealand for our sales results when you take into account our leading offices stretched across Auckland, Wellington, Christchurch, Whangarei and the Wairarapa. While there is a building of inventory, there still remains a strong depth of buyers who, while being more selective, still have a strong confidence in the market and are purchasing. Overall our market share continues to lift with the inclusion of the Ray White Leaders team in the Lower North Island and also pleasing is that our customer satisfaction levels have increased again, which is part of the strategy for the Ray White Group.”

Ray White has 159 offices across New Zealand and this month will welcome Ray White New Lynn. Ray White also wish to acknowledge those members who have recommitted to the Group, including Ray White Legacy, Ray White Newmarket, Ray White Beach Haven, Ray White Manukau and Ray White Tokoroa.

During the month of May, Ray White New Zealand were recognised as the winner of the 2017 Reader’s Digest Customer Satisfaction Awards in the area of Real Estate Sales and Service.