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Brunswick County Association of REALTORS® releases real estate statistics for January 2018

SHALLOTTE, N.C – Brunswick County’s residential real estate market is continuing its consistent growth in the new year, with sales volume and average sale prices increasing and the number of new listings decreasing, according to the latest statistics released by the Brunswick County Association of REALTORS®.

“Brunswick County’s residential real estate market continued its trend of steady, consistent growth in the first month of 2018,” said BCAR CEO Cynthia Walsh. “The fact that the number of units sold continues to increase while the number of new listings continues to decrease points to a strong sellers’ market in 2018. If the current trends continue, we could see an absorption rate as low as three months by December.”

According to the latest BCAR statistics, the number of new listings dropped 11 percent last month compared to January of last year, going from 557 to 496. The number of units sold increased 8.3 percent, from 242 in January 2017 to 262 last month, and the average sales price jumped from $239,739 to $269,320, a 12.3 percent increase.

Total sales volume in January 2018 was 21.6 percent higher than the same period last year, increasing from $58 million to $70.56 million.

The absorption rate, which measures how long it would take to sell the existing inventory at the current rate of sales, dropped to exactly five months, a nearly 28% drop from January 2017. According to Walsh, there are fewer than 2,000 active listings in Brunswick County. The average number of days a home spends on market is hovering at around three months.

February also looks to be a good month for residential sales, Walsh said, noting that pending sales are up 30 percent over last year, and 35 percent of those are homes priced at $300,000 or higher.

“The groundhog may have seen its shadow, but there is no darkness in Brunswick County’s real estate market,” she said."

Brunswick County
 
Listings

  • January 2018: 496
  • January 2017: 557
  • Increase/decrease: -11%

Units Sold

  • January 2018: 262
  • January 2017: 242
  • Increase/decrease: +8.3%

Average Sale Price

  • January 2018: $269,320
  • January 2017: $239,739
  • Increase/decrease: +12.3%

Total Sales Volume

  • January 2018: $70,560,000
  • January 2017: $58,016,876
  • Increase/decrease: +21.6%

Bladen County

  • Units Sold: 5
  • Average Sale Price: $106,900
  • Total Sales Volume: $534,500

Columbus County

  • Units Sold: 14
  • Average Sale Price: $96,164
  • Total Sales Volume: $1,350,000

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. For more information, please visit http://www.bcarnc.com.

Brunswick County Association of REALTORS® releases year-end statistics for 2017; Sales top $1 billion for first time since 2005

SHALLOTTE, N.C. – Brunswick County’s residential real estate sales totaled $1.2 billion in 2017, crossing the billion-dollar threshold for the first time since 2005, and increased 32 percent over 2016, according to the most recent statistics from the Brunswick County Association of REALTORS®.

The number of units sold in 2017 jumped 23 percent over the previous year, increasing from 3,746 to 4,613. The average sales price increased 8.5 percent, from $243,610 to $261,925.

“Brunswick County’s residential real estate market demonstrated strong, steady growth throughout 2017, with total sales volume exceeding $1 billion for the first time since the recession,” BCAR CEO Cynthia Walsh said. “We are in strong shape heading into 2018, and we anticipate continued strong, steady growth.”

With more than 1,000 properties sold, the Leland area remained the county’s biggest selling market in 2017, with sales volume totaling $266 million. Southport followed with slightly more than 500 properties sold and a total sales volume of $154 million.

Residential sales in December increased 3.8 percent compared to the December 2016, from 344 to 357. The average sales price went from $248,000 this December compared to $264,923 last year, and total sales increased from $85.16 to $94.58 million, an 11 percent jump.

Brunswick County

Units Sold

  • December 2017: 357
  • December 2016: 344
  • Increase/decrease: +3.8%

Average Sale Price

  • December 2017: $264,923
  • December 2016: $248,000
  • Increase/decrease: +6.8%

Total Sales Volume

  • December 2017: $94,580,000
  • December 2016: $85,160,000
  • Increase/decrease: +11.1%

Bladen County

  • Units Sold: 10
  • Average Sale Price: $100,490
  • Total Sales Volume: $1,000,000

Columbus County

  • Units Sold: 14
  • Average Sale Price: $107,471
  • Total Sales Volume: $1,500,000.

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Brunswick County Association of REALTORS® Announces 2017 Award Winners

SHALLOTTE, N.C. – The Brunswick County Association of REALTORS® announced its 2017 annual award winners at a recent banquet in Ocean Isle Beach. Bruce Williams of Exp Realty was named REALTOR® of the Year, Wally Simpson of Movement Mortgage was named Affiliate of the Year, and A.J. Hipp of Resort Brokerage was recognized as an NC REALTORS® Rising Star.

Additionally, J. Alan Holden of Re/Max at the Beach and Emily Willetts of Coldwell Banker Seacoast Advantage were granted REALTOR® Emeritus Status by the National Association of REALTORS®. REALTOR® Emeritus is granted to members who have held membership in the national association for a cumulative period of 40 years and have served at the national, state or local level. 

"Brunswick County’s real estate market is one of the hottest in the country, and our association is full of hard-working, capable professionals," said BCAR CEO Cynthia Walsh. "This year’s honorees have distinguished themselves in a very competitive market, and we are proud to recognize their contributions to the real estate profession."

Bruce Williams

Bruce Williams

 

Wally Simpson, Movement Mortgage

Wally Simpson, Movement Mortgage

 

AJ Hipp

AJ Hipp

 

Alan Holden

J. Alan Holden

 

Emily Willetts

Emily Willetts

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.
  •