BALLITO (August 03) - A KwaZulu-Natal north coast estate agency has set what may well be a South African monthly sales record for an agency with sales of R335 million worth of registered transactions posted in July.
The figures place Ballito headquartered RE/MAX Dolphin on course to top the R1 billion sales target set by owner broker John Pechey in the current year. The figures are a record outside of the USA for a RE/MAX office globally.
The agency supports a sales staff of 53 agents and five satellite offices and has played a major role in successfully marketing the region to South African expatriates living in the United Kingdom.
Releasing figures this week, a lively Pechey said July’s sales figures also included registrations in the successful Louis Luyt owned Ballito Manors development marketed by the company. He remains optimistic that the good run of sales will continue aided to some extent by substantial offers being made by developers through his company on raw land for new development and the market’s return to “normal” conditions. A term he applies to a pullback from the market that embraces frivolous investors, widely speculative sellers, audacious buyers and johnny-come lately developers.
Also underpinning his belief is the number of financially able inquires to purchase land for commercial, retail and even mini factory usage. And with spring around the corner holiday home interest is showing its customary seasonal pick-up.
The eleven-year-old RE/MAX Dolphin posted an R25m turnover in its start up year.