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

SHALLOTTE, N.C. – Brunswick County’s residential real estate market remains strong as we move into summer, according to the latest statistics released by the Brunswick County Association of REALTORS®.

“Brunswick County’s residential real estate market is already hot as we move into the summer selling season,” said BCAR CEO Cynthia Walsh. “New listings, units sold and total sales volume are up compared to last year, while the average number of days a home stays on the market is holding steady. While sales have been brisk, we have added enough listings month over month in 2018 to maintain a healthy, stable market. All signs point toward steady growth and a strong market through this summer.”

According to the latest BCAR statistics, the number of new listings increased slightly from 592 in May of 2017 to 602 this year, while the number of units sold increased 18.6%, from 425 in May 2017 to 504 last month. The average sales price decreased slightly from $287,212 to $278,913, while total sales volume spiked 15.2%, jumping from $122.07 million to $140.57 million.

The absorption rate, which measures how long it would take to sell the existing inventory at the current rate of sales, is holding steady at around five months. Walsh pointed out that the absorption rate has been virtually static since December 2017, when the number was 5.5 months. Additionally, the average number of days on market remained steady in May at approximately 95 days. In the past 12 months, days on market has consistently hovered between 90 and 120 days.

Brunswick County

New Listings

  • May 2018: 602
  • May 2017: 592
  • Increase/Decrease: +1.7%

Units Sold

  • May 2018: 504
  • May 2017: 425
  • Increase/Decrease: +18.6%

Average Sale Price

  • May 2018: $278,913
  • May 2017: $287,212
  • Increase/Decrease: -2.9%

Total Sales Volume

  • May 2018: $140,572,000
  • May 2017: $122,070,000
  • Increase/Decrease: +15.2%

 

Bladen County

New Listings

  • May 2018: 15
  • May 2017: 13
  • Increase/Decrease: +15.4%

Units Sold

  • May 2018: 5
  • May 2017: 3
  • Increase/Decrease: +66.7%

Average Sale Price

  • May 2018: $92,780
  • May 2017: $107,000
  • Increase/Decrease: -13.3%

Total Sales Volume

  • May 2018: $463,900
  • May 2017: $321,000
  • Increase/Decrease: +44.5%

 

Columbus County

New Listings

  • May 2018: 28
  • May 2017: 45
  • Increase/Decrease: -37.8%

Units Sold

  • May 2018: 32
  • May 2017: 7
  • Increase/Decrease: +357.1%

Average Sale Price

  • May 2018: $135,320
  • May 2017: $101,786
  • Increase/Decrease: +32.9%

Total Sales Volume

  • May 2018: $4,330,250
  • May 2017: $712,500
  • Increase/Decrease: +507.8%.

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

SHALLOTTE, N.C – Brunswick County’s residential real estate market is showing steady momentum heading into summer, according to the latest statistics released by the Brunswick County Association of REALTORS®.

“The unseasonably cold, rainy weather in April wasn’t enough to cool down Brunswick County’s residential real estate market,” said BCAR CEO Cynthia Walsh. “Average sale prices, total sales volume and new listings are up, while available inventory remains tight, with nearly 29% more sales than April of last year and an 8.5% increase in new listings—all signs of healthy, sustained growth,” said BCAR CEO Cynthia Walsh.

According to the latest BCAR statistics, the number of new listings increased from 530 in April of 2017 to 575 this year. The number of units sold increased 28.9%, from 346 in April 2017 to 446 last month. The average sales price rose 2.6%, from $263,274 to $269,999. Total sales volume jumped 32.2%, from $91.09 million to $120.42 million.

Despite having 575 new listings and 446 units sold, the months of inventory continues its downward trend to less than five months, and average days on market is less than 100, Walsh noted.

 

Brunswick County

New Listings

  • April 2018: 575
  • April 2017: 530
  • Increase/decrease: +8.5%

Units Sold

  • April 2018: 446
  • April 2017: 346
  • Increase/decrease: +28.9%

Average Sale Price

  • April 2018: $269,999
  • April 2017: $263,274
  • Increase/decrease: +2.6%

Total Sales Volume

  • April 2018: $120,420,000
  • April 2017: $91,090,000
  • Increase/decrease: +32.2%

 

Bladen County

New Listings

  • April 2018: 23
  • April 2017: 15
  • Increase/decrease: +53.3%

Units Sold

  • April 2018: 4
  • April 2017: 9
  • Increase/decrease: -55.6% 

Average Sale Price

  • April 2018: $94,737
  • April 2017: $153,167
  • Increase/decrease: -38.1%

Total Sales Volume

  • April 2018: $378,950
  • April 2017: $1,380,000
  • Increase/decrease: -72.5%

 

Columbus County

New Listings

  • April 2018: 35
  • April 2017: 27
  • Increase/decrease: +29.6%

Units Sold

  • April 2018: 24
  • April 2017: 15
  • Increase/decrease: +60%

Average Sale Price

  • April 2018: $123,319
  • April 2017: $76,831
  • Increase/decrease: 60.5%

Total Sales Volume

  • April 2018: $2,960,000
  • April 2017: $1,150,000
  • Increase/decrease: 157.4%.

Brunswick County Association of REALTORS® releases real estate statistics for March, First Quarter of 2018

SHALLOTTE, N.C – Brunswick County’s residential real estate market continued to show steady, strong growth through the first quarter of 2018, with total sales volume outpacing the first quarter of 2017 by 26.2 percent, according to the latest statistics released by the Brunswick County Association of REALTORS®.

“Brunswick County’s real estate market continues to be red-hot through the first quarter of 2018,” said BCAR CEO Cynthia Walsh. “We saw more homes sold in March than in ANY month from 2011 through 2016, and total sales volume for the first quarter outpaced last year by 26 percent.”

Walsh also pointed out that sales of luxury homes – those priced at $500,000 and higher – are outpacing 2017 by almost 40 percent. Walsh added that the absorption rate, which measures how long it would take to sell the current inventory of homes, is 110 days.

“Our market continues to be highly competitive, and all signs point to a strong summer selling season in Brunswick County,” Walsh concluded.

March 2018 vs. March 2017

The number of new listings in Brunswick County inched up from 683 in March 2017 to 704 last month, a 3.1% increase. The total number of units sold rose from 397 to 450, a 13.4% jump. The average sale price increased 12.9% from $251,543 to $283,911, and total sales volume jumped from $99,860,000 to $127,760,000, a 27.9% increase.

First Quarter 2018 vs. First Quarter 2017

The number of new listings in Brunswick County through the first quarter of 2018 dropped 3.7% compared to last year, from 1822 to 1754. The number of units sold increased from 875 to 1013, a 15.8% increase. The average sale price rose from $250,024 to $270,688, an 8.3% increase, and total sales volume through the first quarter jumped from $218,950,876 to $276,230,000, a 26.2% spike.

Brunswick County
 
Listings

  • March 2018: 704
  • March 2017: 683
  • Increase/decrease: 3.1%

Units Sold

  • March 2018: 450
  • March 2017: 397
  • Increase/decrease: 13.4%

Average Sale Price

  • March 2018: $283,911
  • March 2017: $251,543
  • Increase/decrease: 12.9%

Total Sales Volume

  • March 2018: $127,760,000
  • March 2017: $99,860,000
  • Increase/decrease: 27.9%

Bladen County – March 2018

  • Units Sold: 5
  • Average Sale Price: $167,000
  • Total Sales Volume: $835,000

Columbus County -- March 2018

  • Units Sold: 17
  • Average Sale Price: $104,933
  • Total Sales Volume: $1,780,000

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.

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

SHALLOTTE, N.C – Brunswick County’s residential real estate market continues to show strength in early 2018, with the number of sales increasing more than 27 percent in February compared to 2017, according to the latest statistics released by the Brunswick County Association of REALTORS®.

“Brunswick County’s real estate market continues to be strong and healthy, with sales outpacing those of previous years, even in the winter months,” said BCAR CEO Cynthia Walsh. “Pending sales are 11 percent higher than this time last year, giving us reason to believe strong sales growth will continue in 2018.”

According to the latest BCAR statistics, the number of new listings dropped 4.8 percent between February of 2017 and February of this year, from 582 to 554. The number of units sold increased 27.5 percent, from 236 in 2017 to 301 in 2018. The average sales price stayed at about $259,000.

Total sales volume rose 27.6 percent compared to last year, increasing from $61 million to $78 million.

According to Walsh, the average Brunswick County home selling now is a 1,700 square-foot, three-bedroom, two-bath home. Leland continued to have the largest number of sales in February, followed by Southport, Oak Island and Carolina Shores. 

Walsh also pointed out that Brunswick had more sales in February 2018 than in any month from 2008-2013. 

 

Brunswick County
 
Listings

  • February 2018: 554
  • February 2017: 582
  • Increase/decrease: -4.8%

Units Sold

  • February 2018: 301
  • February 2017: 236
  • Increase/decrease: +27.6%

Average Sale Price

  • February 2018: $258,791
  • February 2017: $258,833
  • Increase/decrease: 0.0%

Total Sales Volume

  • February 2018: $77,910,000 
  • February 2017: $61,074,000
  • Increase/decrease: +27.5%

 

Bladen County

  • Units Sold: 10
  • Average Sale Price: $112,780
  • Total Sales Volume: $1,130,000

 

Columbus County

  • Units Sold: 10
  • Average Sale Price: $79,790
  • Total Sales Volume: $797,900

 

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.

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