Brunswick County’s residential real estate market saw a 63% increase in homes sold and a 114.5% spike in sales volume last month compared to October 2019. October marks the third highest number of homes sold in a single month so far in 2020, which is on track to be a record year, trailing only July and September.  

“While many things have been unpredictable in 2020, Brunswick County’s real estate market has been consistently red-hot all year,” said BCAR CEO Cynthia Walsh. “We are on a record pace that could see us break $2 billion in residential home sales for the first time ever. These numbers demonstrate that Brunswick County is an attractive place to live, and we see no indication that the market will cool down any time soon.”

Brunswick County saw $261,340,000 in total sales in October 2020, an 114.5% spike over last October’s $121,860,000. The number of units sold jumped 63%, from 411 to 670, which is equivalent to 22 homes sold every day. Of the 670 homes sold, 304 sold for 100% of list price or higher, with 84 homes selling above list price. The average sale price increased 44.7%, from $269,497 to $390,062. There were 22 luxury sales of $1 million and greater, with the largest sale being a $3.2 million transaction on Bald Head Island, $1 million higher than September’s highest sale.

Total year-to-date sales are up 48.7% compared to the same point in 2019, increasing from $1,171,710,000 to 1,742,633,000. Average sale prices are up 17.1% compared to last year, increasing from $280,995 to $328,924, and the number of units sold is up from 4,104 to 5,172, a 26% increase.

Brunswick County

New Listings
October 2020: 662
October 2019: 542
Increase/Decrease: +22.1

Units Sold
October 2020: 670
October 2019: 411
Increase/Decrease: +63%

Average Sale Price
October 2020: $390,062
October 2019: $269,497
Increase/Decrease: +44.7%

Total Sales Volume
October 2020: $261,340,000
October 2019: $121,860,000
Increase/Decrease: +114.5%

Bladen County

New Listings
October 2020: 9
October 2019: 17
Increase/Decrease: -47.1%

Units Sold
October 2020: 12
October 2019: 13
Increase/Decrease: -7.7%

Average Sale Price
October 2020: $134,058
October 2019: $139,406
Increase/Decrease: -3.8%

Total Sales Volume
October 2020: $1,610,000
October 2019: $1,810,000
Increase/Decrease: -11%

Columbus County

New Listings
October 2020: 30
October 2019: 27
Increase/Decrease: +11.1%

Units Sold
October 2020: 23
October 2019: 26
Increase/Decrease: -11.5%

Average Sale Price
October 2020: $152,230
October 2019: $93,590
Increase/Decrease: +62.7%

Total Sales Volume
October 2020: $3,500,000
October 2019: $2,430,000
Increase/Decrease: +44%