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

March 20, 2017

Brunswick County’s residential real estate market continues to surge as we enter the second quarter of 2017, according to statistics released by the Brunswick County Association of REALTORS®.

“Brunswick County’s residential real estate market is officially hot as we move into summer,” said BCAR CEO Cynthia Walsh. “The number of listings, units sold and average sale price all increased in March compared to a year ago, while the average number of days on market continues to hold steady and the absorption rate continues to drop. Additionally, total sales volume rose by an astounding 51% in March compared to last year. This was our best first quarter in over five years, and all indicators point to an increasingly hot market as we move into summer.”

Brunswick County saw increased sales in all prices ranges in March 2017:

  • Six homes sold in excess of $1 million
  • 29% increase in sales of homes between $500,000 and $950,000
  • 266.7% increase in sales of homes between $450,000 and $499,999
  • 175% increase in sales of homes between $350,000 and $399,000
  • 70% increase in sales of homes between $200,000 and $250,000.

According to Walsh, Brunswick County is selling 29% more homes at an 8% higher average price through the first quarter of 2017 compared to the same period last year, resulting in 40% more in total sales than 2016.

First Quarter Totals – Brunswick County Only

Average Number of Listings Per Month

  • 1Q 2017: 607
  • 1Q 2016: 510
  • Change: +19.0%

 Total Listings

  • 1Q 2017: 1822
  • 1Q 2016: 1531

 Average Units Sold

  • 1Q 2017: 292
  • 1Q 2016: 226
  • Change: +29.2%

 Total Units Sold

  • 1Q 2017: 875
  • 1Q 2016: 677

 Average Sale Price

  • 1Q 2017: $250,024
  • 1Q 2016: $229,721
  • Change: +8.8%

 Total Sales Volume

  • 1Q 2017:  $218,950,876
  • 1Q 2016: $155,970,000
  • Change: +40.4%

March 2017 Totals


Brunswick County

Listings

  • March 2017: 683
  • March 2016: 556
  • Increase/decrease: +22.8%

Units Sold

  • March 2017: 397
  • March 2016: 281
  • Increase/decrease: +41.3%

Average Sale Price

  • March 2017: $251,543
  • March 2016: $234,463
  • Increase/decrease: +7.3%

Total Sales Volume

  • March 2017: $99,860,000
  • March 2016: $65,880,000
  • Increase/decrease: +51.6%

Bladen County

Listings

  • March 2017: 16
  • March 2016: 9
  • Increase/decrease: +77.8%

 Units Sold

  • March 2017: 9
  • March 2016: 7
  • Increase/decrease: +28.6%

 Average Sale Price

  • March 2017: $58,044
  • March 2016: $61,371
  • Increase/decrease: -5.4%

 Total Sales Volume

  • March 2017: $522,400
  • March 2016: $429,600
  • Increase/decrease: +21.6%

Columbus County

Listings

  • March 2017: 34
  • March 2016: 38
  • Increase/decrease: -10.5%

Units Sold

  • March 2017: 17
  • March 2016: 13
  • Increase/decrease: +30.8%

 Average Sale Price

  • March 2017: $94,315
  • March 2016: $84,019
  • Increase/decrease: +12.3%

 Total Sales Volume

  • March 2017: $1,600,000
  • March 2016: $1,092,250
  • Increase/decrease: +46.5%.
Posted in News