Brunswick County real estate sales top $1 billion for year, Sales volume, units sold up in August; inventory remains tight

September 14, 2020

Brunswick County’s residential real estate market remained red-hot in August, with sharp increases in total sales volume, average sale prices and units sold compared to August 2019. The market has already exceeded $1 billion in total sales for 2020 and is 35.1% percent ahead of the 2019 pace through August

“Our market showed absolutely no signs of a cool-down in August,” said BCAR CEO Cynthia Walsh. “In July we saw the highest number of homes we’ve ever seen sold in a month, and August wasn’t far behind. Additionally, the inventory of available homes remains tight, with all signs pointing to a continued seller’s market as we move into Fall.”

Brunswick County saw $248,323,000 in total home sales in August 2020, a 75% spike over last August’s $141,880,000. The number of units sold jumped 37%, from 487 to 667. The average sale price increased 27.8%, from $291,329 to $372,449. Fourteen homes sold between $1,000,000 and $2,000,000, four homes sold for over $2,000,000, and the highest home sold was almost $3,000,000. There have been seventy-three sales in the $1,000,000+ range so far in 2020, a 135% increase compared to 2019.