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.
Average Sale Price
Total Sales Volume
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.