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

 

Brunswick County’s residential real estate demonstrated continued strength through April, according to statistics released by the Brunswick County Association of REALTORS®.

“Brunswick County’s real estate market continues to trend in all the right directions,” said BCAR CEO Cynthia Walsh. “The number of units sold, average sales price and total sales volume all rose, while new listings are down. The market is hot in Brunswick County as a whole, and the hottest areas are Leland, Southport, Oak Island and Carolina Shores.”

Brunswick County’s absorption rate, which measures how long it would take to sell all inventory if sales continue at the current pace, continues to hover in the seven-month range and is down 20% from the same time last year. According to Walsh, this means that the market is seeing more sales and fewer listings.

“Brunswick County’s real estate market is hot, and we only expect it to get hotter as we move into summer,” Walsh added. “Buyers and sellers would be well-served to engage a professional REALTOR® to help them navigate this competitive marketplace.”

 

Brunswick County

Listings

  • April 2017: 530
  • April 2016: 567
  • Increase/decrease: +-6.5%

Units Sold

  • April 2017: 346
  • April 2016: 306
  • Increase/decrease: +13.1%


Average Sale Price

  • April 2017: $263,274
  • April 2016: $247,721
  • Increase/decrease: +6.3%

Total Sales Volume

  • April 2017: $91,090,000
  • April 2016: $75,800,000
  • Increase/decrease: +20.2%

 

Bladen County

Listings

  • April 2017: 15
  • April 2016: 16
  • Increase/decrease: +-6.3%

Units Sold

  • April 2017: 9
  • April 2016: 4
  • Increase/decrease: +125.0%

Average Sale Price

  • April 2017: $153,167
  • April 2016: $63,750
  • Increase/decrease: +140.3%

Total Sales Volume

  • April 2017: $1,380,000
  • April 2016: $255,000
  • Increase/decrease: +441.2%

 

Columbus County

Listings

  • April 2017: 27
  • April 2016: 32
  • Increase/decrease: -15.6%

Units Sold

  • April 2017: 15
  • April 2016: 11
  • Increase/decrease: +36.4%

Average Sale Price

  • April 2017: $76,831
  • April 2016: $132,118
  • Increase/decrease: -41.8%

Total Sales Volume

  • April 2017: $1,150,000
  • April 2016: $1,450,000
  • Increase/decrease: -20.7%