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Brunswick County Association of REALTORS® releases real estate statistics for March 2019; Units sold, total sales volume up from February

SHALLOTTE, N.C. – Brunswick County’s residential real estate market saw a spike in sales volume in March, according to the latest statistics released by the Brunswick County Association of REALTORS®. The number of units sold jumped 87% and total sales volume increased 74% over February 2019.

“Real estate sales in Brunswick County skyrocketed in March compared to February,” said BCAR CEO Cynthia Walsh. “Spring Fever is setting in, with more people listing homes and those homes selling quickly. If our recent days-on-market stats continue to hold true, homes being listed now will sell in less than 100 days. All signs point to a continued strong market as Summer approaches.”

Brunswick County’s March 2019 numbers were fairly consistent with 2018. The number of new listings decreased slightly in March 2019 compared to last year, dropping from 704 to 673, a 4.4% decrease. The number of units sold also dipped slightly from 450 in March 2018 to 437 last month, a 2.9% decrease. The average sale price decreased from $283,911 to $280,933, while total sales volume dropped 3.9%, from $127.76 million to $122.77 million.

Brunswick County

New Listings

  • March 2019: 673
  • March 2018: 704
  • Increase/Decrease: -4.4%

Units Sold

  • March 2019: 437
  • March 2018: 450
  • Increase/Decrease: -2.9%

Average Sale Price

  • March 2019: $280,933
  • March 2018: $283,911
  • Increase/Decrease: -1.0%

Total Sales Volume

  • March 2019: $122,770,000
  • March 2018: $127,760,000
  • Increase/Decrease: -3.9%

Bladen County

New Listings

  • March 2019: 16
  • March 2018: 23
  • Increase/Decrease: -30.4%

Units Sold

  • March 2019: 8
  • March 2018: 5
  • Increase/Decrease: +60%

Average Sale Price

  • March 2019: $152,800
  • March 2018: $167,000
  • Increase/Decrease: -8.5%

Total Sales Volume

  • March 2019: $1,220,000
  • March 2018: $835,000
  • Increase/Decrease: +46.1%

Columbus County

New Listings

  • March 2019: 30
  • March 2018: 36
  • Increase/Decrease: -16.7%

Units Sold 

  • March 2019: 17
  • March 2018: 17
  • Increase/Decrease: 0.0%

Average Sale Price

  • March 2019: $118,347
  • March 2018: $104,933
  • Increase/Decrease: +12.8%

Total Sales Volume

  • March 2019: $2,010,000
  • March 2018: $1,780,000
  • Increase/Decrease: +12.9%

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.

Brunswick County Association of REALTORS® releases real estate statistics for February 2019

SHALLOTTE, N.C. (Mar. 17, 2019) – Brunswick County’s residential real estate market continues to warm up in February 2019, according to the latest statistics released by the Brunswick County Association of REALTORS®, with average sales prices increasing compared to both February 2018 and January 2019.

“February is typically known as our warm-up month, and this year is no exception,” said BCAR CEO Cynthia Walsh. “Brunswick County’s residential real estate market is in solid shape moving into Spring, with sale prices on the rise and a tight inventory of available homes. All signs point to another strong Spring and Summer.”

The number of new listings increased 2.2 percent in February 2019 compared to last year, rising from 554 to 566, while the number of units sold decreased 13.6 percent, from 301 in February 2018 to 260 last month. The average sale price saw a slight boost from $270,187 to $258,833, while total sales volume fell 9.8 percent, from $77.91 million to $70.25 million. The absorption rate, which measures how long it would take to sell the current inventory of homes, is at 4.75 months, a slight increase from 4.4 last month. The average number of days on market continues to hover in the three-month range.

Brunswick County

New Listings

  • February 2019: 566
  • February 2018: 554
  • Increase/Decrease: +2.2%

Units Sold

  • February 2019: 260
  • February 2018: 301
  • Increase/Decrease: -13.6%

Average Sale Price

  • February 2019: $270,187
  • February 2018: $258,833
  • Increase/Decrease: +4.4%

Total Sales Volume

  • February 2019: $70,250,000
  • February 2018: $77,910,000
  • Increase/Decrease: -9.8%

Bladen County

New Listings

  • February 2019: 13
  • February 2018: 8
  • Increase/Decrease: +62.5%

Units Sold

  • February 2019: 6
  • February 2018: 10
  • Increase/Decrease: -40%

Average Sale Price

  • February 2019: $105,883
  • February 2018: $112,780
  • Increase/Decrease: -6.1%

Total Sales Volume

  • February 2019: $635,300
  • February 2018: $1,130,000
  • Increase/Decrease: -43.8%

Columbus County

New Listings

  • February 2019: 28
  • February 2018: 33
  • Increase/Decrease: -15.2%

Units Sold

  • January 2019: 22
  • January 2018: 10
  • Increase/Decrease: +120.0%

Average Sale Price

  • January 2019: $102,980
  • January 2018: $79,790
  • Increase/Decrease: +29.1%

Total Sales Volume

  • January 2019: $2,270,000
  • January 2018: $797,900
  • Increase/Decrease: +184.5%.

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Brunswick County Association of REALTORS® releases real estate statistics for January 2019; County sees second-highest January sales in a decade

SHALLOTTE, N.C. (Feb. 15, 2018) – Brunswick County’s residential real estate market opened 2019 in strong fashion, according to the latest statistics released by the Brunswick County Association of REALTORS®. January’s total sales volume was the second-highest in 10 years, trailing only January 2018.

“Even though January is typically a slow month in the real estate business, last month was our second-strongest January in a decade,” said BCAR CEO Cynthia Walsh. “Additionally, our inventory of available homes continues to be tight, pointing to a competitive seller’s market as Spring approaches. We look forward to a successful year in terms of growth and sales.”

The number of new listings increased 9.3 percent in January 2019 compared to last year, rising from 496 to 542, while the number of units sold decreased 8 percent, from 262 in January 2018 to 241 last month. The average sale price saw a slight dip from $269,320 to $257,555, while total sales volume fell 12 percent, from $70.56 million to $62.07 million. The absorption rate, which measures how long it would take to sell the current inventory of homes, is at 4.5 months and continues to trend downward, while the average number of days on market is hovering in the three-month range.

Brunswick County

New Listings

  • January 2019: 542
  • January 2018: 496
  • Increase/Decrease: +9.3%

Units Sold

  • January 2019: 241
  • January 2018: 262
  • Increase/Decrease: -8.0%

Average Sale Price

  • January 2019: $257,555
  • January 2018: $269,320
  • Increase/Decrease: -4.4%

Total Sales Volume

  • January 2019: $62,070,000
  • January 2018: $70,560,000
  • Increase/Decrease: -12.0%

Bladen County

New Listings

  • January 2019: 12
  • January 2018: 13
  • Increase/Decrease: -7.7%

Units Sold

  • January 2019: 8
  • January 2018: 5
  • Increase/Decrease: +60%

Average Sale Price

  • January 2019: $89,475
  • January 2018: $106,900
  • Increase/Decrease: -16.3%

Total Sales Volume

  • January 2019: $715,800
  • January 2018: $534,500
  • Increase/Decrease: +33.9%

Columbus County

New Listings

  • January 2019: 26
  • January 2018: 28
  • Increase/Decrease: -7.1%

Units Sold

  • January 2019: 16
  • January 2018: 14
  • Increase/Decrease: +14.3%

Average Sale Price

  • January 2019: $135,375
  • January 2018: $96,164
  • Increase/Decrease: +40.8%

Total Sales Volume

  • January 2019: $2,170,000
  • January 2018: $1,350,000
  • Increase/Decrease: +60.7%

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.

Brunswick County real estate market saw highest sales volume in 14 years in 2018

SHALLOTTE, N.C. (Jan. 25, 2019) – Brunswick County’s residential real estate market saw its highest annual sales volume since before the recession in 2018, according to statistics released today by the Brunswick County Association of REALTORS® (BCAR). Average sale prices were also up last year, while the number of new listings was down slightly.

Brunswick County saw $1,307,842,000 in total sales in 2018, compared to $1,212,047,561 in 2017, a 7.9 percent increase. The number of units sold in 2018 inched up 4.4 percent from 2017, rising from 4,613 to 4,807, while the number of new listings fell 3.6 percent, dropping from 6,233 to 6,011. The average sales price was up 4.4 percent over 2017, rising from $261,925 to $273,435 – the highest average sale price since 2007.

“Brunswick County surpassed $1 billion in total sales volume for the second straight year, with 2018 sales volume nearly 8 percent higher than last year, a remarkable achievement given that we were essentially shut down for a month due to Hurricane Florence”, said BCAR CEO Cynthia Walsh. “Brunswick County’s real estate market remains in strong shape as we move into 2019.”

Leland was Brunswick County’s top performing market in 2018 with $292.9 million in sales, followed by Southport with $172.8 million in sales.

Brunswick County

New Listings

  • December 2018: 272
  • December 2017: 333
  • Increase/Decrease: -18.4%
  • 2018 Total: 6011
  • 2017 Total: 6233
  • Increase/Decrease: -3.6%

Units Sold         

  • December 2018: 357
  • December 2017: 357
  • Increase/Decrease: 0.0% (no change)
  • 2018 Total: 4758
  • 2017 Total: 4613
  • Increase/Decrease: +3.1%

Average Sale Price

  • December 2018: $277,469
  • December 2017: $264,923
  • Increase/Decrease: +4.7%
  • 2018 Total: $273,435
  • 2017 Total: $261,925
  • Increase/Decrease: +4.4%

Total Sales Volume

  • December 2018: $99,060,000
  • December 2017: $94,580,000
  • Increase/Decrease: +4.7%
  • 2018 Total: $1,307,842,000
  • 2017 Total: $1,212,047,561
  • Increase/Decrease: +7.9%

 

Bladen County

New Listings

  • December 2018: 10
  • December 2017: 12
  • Increase/Decrease: +16.7%
  • 2018 Total: 172
  • 2017 Total: 169
  • Increase/Decrease: +1.8%

Units Sold    

  • December 2018: 4
  • December 2017: 10
  • Increase/Decrease: -60%
  • 2018 Total: 94
  • 2017 Total: 78
  • Increase/Decrease: +20.5%

Average Sale Price

  • December 2018: $156,450
  • December 2017: $100,490
  • Increase/Decrease: +55.7%
  • 2018 Total: $128,095
  • 2017 Total: $117,362
  • Increase/Decrease: +9.1%

Total Sales Volume

  • December 2018: $625,800
  • December 2017: $1,000,000
  • Increase/Decrease: -37.4%
  • 2018 Total: $12,141,550
  • 2017 Total: $9,142,270
  • Increase/Decrease: +32.8%

 

Columbus County

New Listings

  • December 2018: 12
  • December 2017: 25
  • Increase/Decrease: -52.0%
  • 2018 Total: 352
  • 2017 Total: 360
  • Increase/Decrease: -2.2%

Units Sold      

  • December 2018: 9
  • December 2017: 14
  • Increase/Decrease: -35.7%
  • 2018 Total: 236
  • 2017 Total: 185
  • Increase/Decrease: +27.6

Average Sale Price

  • December 2018: $97,656
  • December 2017: $107,471
  • Increase/Decrease: -9.1%
  • 2018 Total: $109,463
  • 2017 Total: $106,437
  • Increase/Decrease: +2.8%

Total Sales Volume

  • December 2018: $878,900
  • December 2017: $1,500,000
  • Increase/Decrease: -41.4%
  • 2018 Total: $27,250,450
  • 2017 Total: $20,235,959
  • Increase/Decrease: +34.7%

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.

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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.