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Brunswick County Association of REALTORS® releases real estate statistics for November 2018; County exceeds $1 Billion in Annual Sales Volume for Year

SHALLOTTE, N.C. (Dec. 19, 2018) – Brunswick County’s residential real estate market is closing out 2018 in strong fashion, according to the latest statistics released by the Brunswick County Association of REALTORS®. The county has surpassed $1 billion in total annual sales for only the second time since the Great Recession, despite the short-term impacts of Hurricane Florence.

“Two months ago, we all wondered how the market would respond after Brunswick County was hit by Hurricane Florence,” said BCAR CEO Cynthia Walsh. “The results are in, and the market has bounced back stronger than ever. Even though November is typically a slower month in the real estate market, we have already surpassed $1 billion in annual sales for only the second time since the Great Recession, and we crossed that threshold a month faster than last year.”

“Over the past five months we’ve seen a steady decrease in active and new listings and a steady increase in sales,” Walsh added. “These are indicators of a healthy market as we close out 2018. “

The number of new listings increased 0.8 percent in November 2018 compared to last year, rising from 390 to 393, while the number of units sold decreased 7.4 percent, from 336 in November 2017 to 311 last month. The average sale price increased slightly from $272,052 to $276,395, while total sales volume fell 6.0 percent, from $91.41 million to $85.96 million.

Brunswick County

New Listings

  • November 2018: 393
  • November 2017: 390
  • Increase/Decrease: +0.8%

Units Sold

  • November 2018: 311
  • November 2017: 336
  • Increase/Decrease: -7.4%

Average Sale Price

  • November 2018: $276,395
  • November 2017: $272,052
  • Increase/Decrease: +1.6%

Total Sales Volume

  • November 2018: $85,960,000
  • November 2017: $91,410,000
  • Increase/Decrease: -6.0%.

 

Bladen County

New Listings

  • November 2018: 17
  • November 2017: 10
  • Increase/Decrease: +70%

Units Sold

  • November 2018: 9
  • November 2017: 6
  • Increase/Decrease: +50%

Average Sale Price

  • November 2018: $150,556
  • November 2017: $155,567
  • Increase/Decrease: -3.2%

Total Sales Volume

  • November 2018: $1,360,000
  • November 2017: $939,400
  • Increase/Decrease: +44.8%

 

Columbus County

New Listings

  • November 2018: 17
  • November 2017: 32
  • Increase/Decrease: -46.9%

Units Sold

  • November 2018: 26
  • November 2017: 23
  • Increase/Decrease: +13%

Average Sale Price

  • November 2018: $135,967
  • November 2017: $114,804
  • Increase/Decrease: +18.4%

Total Sales Volume

  • November 2018: $3,540,000
  • November 2017: $2,640,000
  • Increase/Decrease: +34.1%

The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), BCAR represents the interests of its members in southeastern North Carolina and northeastern South Carolina. For more information, please visit http://www.bcarnc.com.