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Brunswick County real estate market remains stable, on track to surpass 2018 sales volume

Brunswick County’s residential real estate market continued its pattern of strength and stability in October, according to statistics released by the Brunswick County Association of REALTORS®.

“Brunswick County’s market is in strong shape, even though we are beginning to see our usual year-end slowdown,” said BCAR CEO Cynthia Walsh. “Average sale prices and total sales volume are relatively stable compared to last year, and sellers are receiving upwards of 97% of their asking price.  We are on track to exceed the total sales volume for 2018, even if November and December are down 10% from last year. The bottom line is that Brunswick County’s market is in strong shape, and we see no reason to expect otherwise as we move into 2020.”

Average sale prices in Brunswick County decreased 2.1%, from $275,139 in October 2018 to $269,497 this October. The number of new listings rose from 453 in October 2018 to 542 this October, a 19.6% increase. The number of units sold decreased from 440 to 411, a 6.6% decrease. Total sales volume inched up by 0.7%, from $121,060,000 to $121,860,000. October’s new listings contain a number of luxury homes, with 15 listings of $1,000,000 or higher and 51 between $500,000 and $999,999.

Brunswick County

New Listings

  • October 2019: 542
  • October 2018: 453
  • Increase/Decrease: +19.6%

Units Sold

  • October 2019: 411
  • October 2018: 440
  • Increase/Decrease: -6.6%

Average Sale Price

  • October 2019: $269,497
  • October 2018: $275,139
  • Increase/Decrease: -2.1%

Total Sales Volume

  • October 2019: $121,860,000
  • October 2018: $121,060,000
  • Increase/Decrease: +0.7%

 

Bladen County 

New Listings

  • October 2019: 17
  • October 2018: 10
  • Increase/Decrease: +70%

Units Sold

  • October 2019: 13
  • October 2018: 12
  • Increase/Decrease: +8.3%

Average Sale Price

  • October 2019: $139,406
  • October 2018: $129,875
  • Increase/Decrease: +7.3%

Total Sales Volume

  • October 2019: $1,810,000
  • October 2018: $1,560,000
  • Increase/Decrease: +16%

 

Columbus County

New Listings

  • October 2019: 27
  • October 2018: 28
  • Increase/Decrease: -3.6%

Units Sold

  • October 2019: 26
  • October 2018: 24
  • Increase/Decrease: +8.3%

Average Sale Price

  • October 2019: $93,590
  • October 2018: $96,720
  • Increase/Decrease: -3.2%

Total Sales Volume

  • October 2019: $2,430,000
  • October 2018: $2,320,000
  • Increase/Decrease: +4.7%

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