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2019 Non-Deductible Portion of Dues

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Brunswick County real estate market surpasses $1 billion in year-to-date sales; close to outselling each of the previous 3 years

SHALLOTTE, N.C. -- Brunswick County’s residential real estate market continued to demonstrate consistent strength during September, with total sales for 2019 crossing the $1 billion mark.

“The weather may be cooling down, but Brunswick County’s residential real estate market is showing no signs of following suit said BCAR CEO Cynthia Walsh. “We have already topped a billion dollars in sales this year, and we’re on track to exceed last year’s numbers. The number of homes sold in 2019 is likely to outpace each of the past three years. The bottom line is that our market is in strong shape moving into the fourth quarter.”

The average sale price in September was $288,501, down from $291,329 in August. Average sale prices have not dropped below $280,000 since February. Brunswick County had 488 new listings in September, the lowest number so far this year. The average number of days a home stays on market is hovering in the 80-day range, and the median days on market is 45 days. The number of units sold in 2019 has already topped 2016 and is 843 units away from outpacing 2017 and 988 shy of the 2018 total.

Hurricane Florence impacted Brunswick County in September 2018, resulting in lower real estate activity. Consequently, September 2019 numbers are significantly higher than the same time last year.

 

Brunswick County

New Listings

  • September 2019: 488
  • September 2018: 276
  • Increase/Decrease: +76.8%

Units Sold

  • September 2019: 448
  • September 2018: 213
  • Increase/Decrease: +110.3%

Average Sale Price

  • September 2019: $288,501
  • September 2018: $257,266
  • Increase/Decrease: +12.1%

Total Sales Volume

  • September 2019: $129,250,000
  • September 2018: $54,800,000
  • Increase/Decrease: +135.9%

Bladen County

New Listings

  • September 2019: 16
  • September 2018: 12
  • Increase/Decrease: +33.3%

Units Sold

  • September 2019: 9
  • September 2018: 8
  • Increase/Decrease: +12.5%

Average Sale Price

  • September 2019: $105,181
  • September 2018: $149,455
  • Increase/Decrease: -29.6%

Total Sales Volume

  • September 2019: $946,630
  • September 2018: $1,200,000
  • Increase/Decrease: -12.1%

Columbus County

New Listings

  • September 2019: 22
  • September 2018: 19
  • Increase/Decrease: +15.8%

Units Sold

  • September 2019: 16
  • September 2018: 10
  • Increase/Decrease: +60%

Average Sale Price

  • September 2019: $97,331
  • September 2018: $78,340
  • Increase/Decrease: +24.2%

Total Sales Volume

  • September 2019: $1,560,000
  • September 2018: $783,400
  • Increase/Decrease: +99.1%

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.

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Brunswick County’s Wilson Sherrill receives NC REALTORS® Region 2 Service Award

SHALLOTTE, N.C. [September 26, 2019] – Brunswick County REALTOR® Wilson Sherrill received the NC REALTORS® Region 2 Service Award for 2019 during the state association’s recent conference in Pinehurst. This award recognizes a REALTOR® in each NC REALTORS® region who contributes to local, state and national associations as well as their community.

Sherrill has served the Brunswick County Association of REALTORS® (BCAR) in a variety of capacities, including president, vice president, legislative committee chair, executive committee member, budget and finance committee chair, strategic planning committee member, election committee member, nominating committee chair and treasurer. He was named the 2009 BCAR REALTOR® of the Year. 

Additionally, Sherrill has held numerous positions with the North Carolina Association of REALTORS® (NCAR), including serving on the finance committee, bylaws committee and board of directors. He also served as NCAR Region 2 Political Action Committee (PAC) trustee, NCAR PAC trustees treasurer and vice-chair, state political coordinator and RPAC Local Chairman. Sherrill attended the National Association of REALTORS® Convention in 2013 and served as the president/president-elect roundtable moderator at the annual convention and legislative meetings.

Sherrill is a former member of the Sunset Beach Town Council. He has served as committee co-chair, food vendor co-chair and shucking chair for the N.C. Oyster Festival, which is organized by the Brunswick County Chamber of Commerce. He was named the Brunswick County Chamber of Commerce Volunteer of the Year in 2010. Additionally, he has been actively involved in the Brunswick Beaches Consortium and the Sunset Beach Concert Committee. Sherrill also served as president of Sea Trail’s Property Owners Association and was named Volunteer of the Year in 2010. He has also sponsored the Tri-County Youth Baseball Team.

"Wilson Sherrill has been a leader at the local, state and national levels of our profession, and he has been a leader in his community,” said BCAR CEO Cynthia Walsh. “He genuinely deserves The NC REALTORS® Region 2 Service Award."

Brunswick County’s Margaret Rudd Bishop receives NC REALTORS® Ben Ball Community Service Award

SHALLOTTE, N.C. [September 26, 2019] – Brunswick County REALTOR® Margaret Rudd Bishop received the N.C. REALTORS®’ Ben Ball Community Service Award for 2019 at the state association’s recent conference in Pinehurst. According to the N.C. REALTORS® website, the award honors a REALTOR® who deserves recognition due to their continuous and extraordinary contributions to the betterment of their communities through outstanding public service.

Bishop has been a leader in the community and the real estate profession throughout her 45-year career. She has served as president of the Brunswick County Association of REALTORS® (BCAR) twice, first in 1982 and again in 2012. She also served as BCAR vice president and secretary and on the N.C. Association of REALTORS® board of directors. She was inducted into the N.C. REALTORS® Hall of Fame in 2010 and has received the BCAR REALTOR® of the Year Award, Lifetime Service Award and Constant Flame Award. She served as president of the Southport Oak Island Chamber of Commerce and as a board member for N.C. Citizens for Business & Industry (NCCBI). She also served on the Brunswick County Schools Business Advisory Council, the Brunswick County Tourism Development Authority and the executive board of the Cape Fear Council of the Boy Scouts of America. Bishop earned the Life Member Award from the NC REALTORS® Political Action Committee. She received both the Small Business Award and Small Business Person of the Year from the Brunswick Community College Small Business Center and the Brunswick County Distinguished Woman Award from Hope Harbor Home. An avid bicyclist, she recently completed a 34-day ride from Vancouver, British Columbia to Tijuana, Mexico down the Pacific Coast Highway.

"Margaret Rudd Bishop has been a leader in both Brunswick County and the real estate industry over the entire span of her career," said BCAR CEO Cynthia Walsh. "Her seemingly infinite supply of energy and constant devotion to our profession and community have positively impacted the lives of many and made Brunswick County a better place."

Brunswick County real estate market demonstrates consistency during August; units sold, average sale prices both increase

SHALLOTTE, N.C. [September 13, 2019] -- Brunswick County’s residential real estate market continued to show stability and strength in August, according to statistics released by the Brunswick county Association of REALTORS®. The number of units sold, average sale prices and total sales volume all increased compared to last year, while the number of new listings remained nearly static.

“Brunswick County’s residential real estate market has demonstrated steadiness and strength throughout the Summer, and August was no different,” said BCAR CEO Cynthia Walsh. “Prices are up, the inventory remains tight, and homes are selling at a good clip, all pointing to a competitive sellers’ market as Fall approaches.”

Average sale prices in Brunswick County increased 3.2%, from $282,390 in August 2018 to $291,329 this August. The number of new listings decreased slightly from 588 in August 2018 to 587 this August, a 0.2% drop. The number of units sold rose from 476 to 487, a 2.3% increase. Total sales volume increased 5.5%, from $134,420,000 to $141,880,000. The average number of days a home stays on the market hovered around the 90-day mark.  The absorption rate, which measures how long it would take to sell the current inventory of homes, has held steady between 5 and 5.5 months.

Brunswick County

New Listings

  • August 2019: 587
  • August 2018: 588
  • Increase/Decrease: -0.2%

Units Sold

  • August 2019: 487
  • August 2018: 476
  • Increase/Decrease: +2.3%

Average Sale Price

  • August 2019: $291,329
  • August 2018: $282,390
  • Increase/Decrease: +3.2%

Total Sales Volume

  • August 2019: $141,880,000
  • August 2018: $134,420,000
  • Increase/Decrease: +5.5%

Bladen County

New Listings

  • August 2019: 12
  • August 2018: 11
  • Increase/Decrease: +9.1%

Units Sold

  • August 2019: 9
  • August 2018: 7
  • Increase/Decrease: +28.6%

Average Sale Price

  • August 2019: $230,833
  • August 2018: $96,200
  • Increase/Decrease: +140%

Total Sales Volume

  • August 2019: $2,080,000
  • August 2018: $673,400
  • Increase/Decrease: +208.9%

Columbus County

New Listings

  • August 2019: 35
  • August 2018: 30
  • Increase/Decrease: +16.7%

Units Sold

  • August 2019: 14
  • August 2018: 18
  • Increase/Decrease: -22.2%

Average Sale Price

  • August 2019: $125,536
  • August 2018: $141,281
  • Increase/Decrease: -11.1%

Total Sales Volume

  • August 2019: $1,760,000
  • August 2018: $2,540,000
  • Increase/Decrease: -30.7%

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 real estate market stays strong in July; average sale prices reach highest point in over a decade

SHALLOTTE, N.C. [August 15, 2019] -- Brunswick County’s residential real estate market demonstrated steady strength in July, according to statistics released by the Brunswick County Association of REALTORS®. Average sale prices hit their highest point in 12 years, total sales volume is up and the number of days on market is down compared to last year even though the number of units sold fell slightly.

“Brunswick County’s residential real estate market continues to hold true and steady,” said BCAR CEO Cynthia Walsh. “The last time we had an average sale price this high was in 2007, and with 44% of listings selling in 30 days or less, we’ve seen a strong market for both buyers and sellers in July.”

Average sale prices in Brunswick County increased 4.2%, rising from $274,703 in July 2018 to $286,204 this July. The number of new listings increased from 515 in July 2018 to 547 this July, a 6.2% jump. The number of units sold decreased slightly from 464 to 457, a 1.5% decrease. Total sales volume increased by 2.6%, from $127,460,000 to $130,800,000. The average number of days a home stays on the market dropped to 80 days for the second time this year.

Thirty-seven homes sold for $500,000 or more in July. The highest sale price was $1.4 million for a 7800-square-foot home with seven bedrooms and eight bathrooms.

Brunswick County

New Listings

  • July 2019: 547
  • July 2018: 515
  • Increase/Decrease: +6.2%

Units Sold

  • July 2019: 457
  • July 2018: 464
  • Increase/Decrease: -1.5%

Average Sale Price

  • July 2019: $286,204
  • July 2018: $274,703
  • Increase/Decrease: +4.2%

Total Sales Volume

  • July 2019: $130,800,000
  • July 2018: $127,460,000
  • Increase/Decrease: +2.6%


Bladen County

New Listings

  • July 2019: 20
  • July 2018: 12
  • Increase/Decrease: +66.7%

 Units Sold

  • July 2019: 15
  • July 2018: 15
  • Increase/Decrease: 0.0%

Average Sale Price

  • July 2019: $163,918
  • July 2018: $115,920
  • Increase/Decrease: +41.4%

Total Sales Volume

  • July 2019: $2,460,000
  • July 2018: $1,740,000
  • Increase/Decrease: +41.4%

Columbus County

New Listings

  • July 2019: 34
  • July 2018: 48
  • Increase/Decrease: -29.2%

Units Sold

  • July 2019: 19
  • July 2018: 21
  • Increase/Decrease: -9.5%

Average Sale Price

  • July 2019: $136,889
  • July 2018: $97,992
  • Increase/Decrease: +39.7%

Total Sales Volume

  • July 2019: $2,600,000
  • July 2018: $2,060,000
  • Increase/Decrease: +26.2%

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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