Ray White November results new trading record

The Ray White Group throughout New Zealand have achieved a record trading result for November 2006 which was 29% up on the previous November and 15% ahead of the previous best result which was recorded in March 2005.

Saturday, December 9th 2006, 12:00AM

by The Landlord

The Auckland and Northland area, which now represents 65 offices, achieved a record result with the leading offices Ponsonby, Manukau and Manurewa also achieving their best monthly result. All areas of the Auckland market showed a strong increase in sales with the volume up by 29% on the previous November. In particular the South Auckland market showed a 40% increase.

The central North Island, in particular, areas of the Bay of Plenty, showed increased activity of 17% and the lower North Island, 12%.

The Upper South Island continued a year where the offices have increased their trading by over 12%. The Christchurch market is 20% ahead of last year, and the lower South Island with markets including Invercargill and Queenstown showed an increase of 25%.
Listings for November were also up by 8%. When this is combined with turnover, it shows that the days on market for the company decreased, and prices increased by an average of $19,000.
The Ray White Group trades through 140 offices throughout New Zealand with 1,508 staff. The November trading result will see the group turnover annualised property sales of $6.5 billion.

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