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Brunswick County Association of REALTORS® Installs 2018 President Clif Cheek, 2018 Directors

Clif CheekThe Brunswick County Association of REALTORS® installed its 2018 officers at a recent banquet in Ocean Isle Beach. Clif Cheek of Resort Brokerage will serve as BCAR’s board president for 2018, succeeding Ben Styers of Southport Realty.

“The REALTORS® who make up this association are committed to providing high-quality, ethical service to their clients, and it is an honor to serve as president of this group of distinguished professionals,” said Cheek. “I am grateful to outgoing president Ben Styers for his commitment and leadership, and I look forward to a great year in 2018.”

BCAR’s 2018 Officers are:

  • President: Clif Cheek
  • President-elect:  Lynn Gulledge
  • Treasurer: Wilson Sherrill
  • Past President: Ben Styers.
  • BCAR’s 2018 Directors are: 

  • Jayne Anderson
  • Barbara Andrews
  • Donna Atherton
  • Crystal Babson
  • Richard Barnes
  • Jennifer Brown
  • Brook Rudd-Gaglie
  • Tracy Swanson
  • Bruce Williams.
  • Brunswick County Association of REALTORS® releases real estate statistics for November 2017

    SHALLOTTE, N.C – Colder weather may be here, but Brunswick County’s residential real estate market shows no signs of cooling down in the near future, according to statistics released by the Brunswick County Association of REALTORS®.

    “Brunswick County’s residential market continues to show healthy, steady growth, and November has been no exception,” BCAR CEO Cynthia Walsh said, pointing out that 27 homes were sold for $500,000 or more in November, and 33 similar sales are now pending. “The residential real estate market shows no signs of cooling off, even as winter approaches,” Walsh added.

    The number of units sold dropped 14 percent in November compared to October, which Walsh said is typical for this time of year, but were up 10.2 percent compared to November of last year, rising from 305 to 336. The number of new listings jumped from 340 in November 2016 to 390 this November, a 14.7 percent increase. The average sale price jumped 10.8 percent, from $245,559 to $272,052, while total sales volume rose 22 percent, increasing from $74.9 million to $91.4 million.

    The absorption rate, which measures how long it would take to sell the existing inventory at the current rate of sales, is continuing its downward trend as the number of new listings and overall inventory decreases. The average amount of time a home stays on the market has held steady at around 100 days for the last 6 months.

    Brunswick County

    New Listings

  • November 2017: 390
  • November 2016: 340
  • Increase/decrease: +14.7%
  • Units Sold

  • November 2017: 336
  • November 2016: 305
  • Increase/decrease: +10.2%
  • Average Sale Price

  • November 2017: $272,052
  • November 2016: $245,559
  • Increase/decrease: +10.8%
  • Total Sales Volume

  • November 2017: $91,410,000
  • November 2016: $74,900,000
  • Increase/decrease: +22%
  • Bladen County

  • Units Sold: 6
  • Average Sale Price: $155,567
  • Total Sales Volume: $939,400
  • Columbus County

  • Units Sold: 23
  • Average Sale Price: $114,804
  • Total Sales Volume: $2,640,000.
  •  

    Brunswick County Association of REALTORS® releases real estate statistics for October 2017

     

    SHALLOTTE, N.C -- As we approach the end of 2017, Brunswick County’s residential real estate is demonstrating its greatest strength in over a decade.

    “As of October 31, Brunswick County has seen over $1 billion in residential home sales in 2017,” said Cynthia Walsh, CEO of the Brunswick County Association of REALTORS®. “We haven’t seen numbers like this since 2005, when Brunswick County ended the year with $1.2 billion in total sales volume. We are trending to meet or exceed that total in 2017.”

    The number of units sold in October increased by almost 23% over October of 2016, and total sales last month jumped almost 30 percent compared to the same period last year, according to statistics released by the Brunswick County Association of REALTORS®.

    As sales continue to outpace new listings, the absorption rate continues its downward trend to under six months, with days on the market around four months. This marks the first time Brunswick County has seen days on the market at 120 days or less since 2007.  The absorption rate measures how long it would take to sell the existing inventory at the current rate of sales.
     

    Brunswick County
     
    Listings

  • October 2017: 478
  • October 2016: 372
  • Increase/decrease: +28.5%
  • Units Sold

  • October 2017: 394
  • October 2016: 321
  • Increase/decrease: +22.7%
  • Average Sale Price

  • October 2017: $259,941
  • October 2016: $247,136
  • Increase/decrease: +5.2%
  • Total Sales Volume

  • October 2017: $102,416,685
  • October 2016: $79,330,000
  • Increase/decrease: +29.1%
  •  

    Bladen County

  • Units Sold: 5
  • Average Sale Price: $151,500
  • Total Sales Volume: $757,500
  •  

    Columbus County

  • Units Sold: 28
  • Average Sale Price: $112,200
  • Total Sales Volume: $3,140,000
  • 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.

    The Association is a founding member of the North Carolina Regional Multiple Listing Service (NCRMLS), which features a comprehensive list of available properties for sale and general property information for southeastern North Carolina and northeastern South Carolina. 

     

    Brunswick County Association of REALTORS® releases real estate statistics for September 2017

     

    September has come and gone and temperatures are cooling down, but Brunswick County's residential real estate market remains hot. The third quarter finished strong, with units sold outpacing 2016 by 27 percent and total dollar sales up by 36 percent over last year, according to statistics released by the Brunswick County Association of REALTORS®.

    “Brunswick County continues to see a strong sellers' market," says BCAR CEO Cynthia Walsh. "If a prospective buyer sees a home they like, they should act fast. If not, the home will likely be off the market very quickly."

    With roughly 400 sales a month and 500 new listings, Brunswick County continues to see a limited inventory of homes for sale. The number of units sold jumped 23.5 percent between September 2016 and September 2017, going from 327 to 404. The average sale price increased 5.3 percent, from $256,014 to $269,477, while total sales rose 30 percent, from $83.72 million in September 2016 to $108.87 million this September.

    According to Walsh, 21 luxury homes sold for $500,000 or more in September.

    The average days for a home on the market has hovered around 100 days for the past five months. The number of pending residential listings in Brunswick County remains high at 402, roughly equivalent to the number of units sold in September, BCAR reported.

    Brunswick County

    Listings

    • September 2017: 509
    • September 2016: 469
    • Increase/decrease: +8.5%

    Units Sold

    • September 2017: 404
    • September 2016: 327
    • Increase/decrease: +23.5%

    Average Sale Price

    • September 2017: $269,477
    • September 2016: $256,014
    • Increase/decrease: +5.3%

    Total Sales Volume

    • September 2017: $108,870,000
    • September 2016: $83,720,000
    • Increase/decrease: +30.0%

    Bladen County

    • Units Sold: 10
    • Average Sale Price: $101,743
    • Total Sales Volume: $712,200

    Columbus County

    • Units Sold: 17
    • Average Sale Price: $133,556
    • Total Sales Volume: $2,270,000.

     

    Brunswick County Association of REALTORS® releases real estate statistics for August 2017

    SHALLOTTE, N.C -- Brunswick County’s residential real estate market continued its steady growth during August 2017 with the number of units sold up 20 percent over July and 33 percent over August 2016, according to statistics released by the Brunswick County Association of REALTORS®.

    “August may be the last month of summer vacation, but the real estate market in Brunswick County certainly didn’t take a summer a break,” BCAR CEO Cynthia Walsh said.  

    The number of residential listings in Brunswick County rose from 450 in August 2016 to 490 this year, BCAR reported. The number of units sold jumped 33.2 percent during that time, going from 392 to 522. The average sale price increased 5.6 percent, from $258,140 to $272,599, while total sales rose 40.6 percent, from $101.19 million in August 2016 to $142.3 million this August.

    According to Walsh, 12 homes sold for $750,000 or more during August.

    The average length of time a home spends on the market has decreased steadily this year and has hovered around 100 days for the past 3 months, its lowest point since January 2017.  Additionally, there are strong pending listings, with 463 sales expected to close in the near future -- 22% higher than last year at this time.

    “We do expect to see the typical Fall cool-down to some degree, but with this many pending listings it isn’t going to get too chilly any time soon,” Walsh said.

    Brunswick County
     
    Listings

    • August 2017: 490
    • August 2016: 450
    • Increase/decrease: +8.89%

    Units Sold

    • August 2017: 522
    • August 2016: 392
    • Increase/decrease: +32.2%

    Average Sale Price

    • August 2017: $272,599
    • August 2016: $258,140
    • Increase/decrease: +5.6%

    Total Sales Volume

    • August 2017: $142,300,000
    • August 2016: $101,190,000
    • Increase/decrease: +40.6%


    Bladen County

    • Units Sold: 8
    • Average Sale Price: $139,687
    • Total Sales Volume: $1,120,000

    Columbus County

    • Units Sold: 21
    • Average Sale Price: $131,955
    • Total Sales Volume: $2,770,000