Brunswick County’s real estate market sees nearly 60% increase in total sales volume in November, highest monthly number of homes sold ever seen in November

Brunswick County’s residential real estate market saw sharp increases in both homes sold and total sales volume last month, including the highest number of homes sold in November on record. Total sales volume spiked 59.6% last month compared to November 2019, and the number of homes sold jumped 38.4%.  

“Our market has remained incredibly strong and consistent despite the adversity 2020 has thrown our way” said BCAR CEO Cynthia Walsh. “Pending sales are up, homes are selling for more than the asking price, and we are only $72 million dollars away from hitting $2 billion in total residential home sales this year. We expect the market to remain strong as we move into the New Year.”

Brunswick County saw $186,450,000 in total sales in November 2020, a 59.6% spike over last November’s $116,810,000. The number of units sold jumped 38.4%, from 385 to 533 – the most homes ever sold in Brunswick County in November — with 42% of sales at or above the listing price. November marks the sixth consecutive month with 500 or more sales. The average sale price increased 15.3%, from $303,415 to $349,811. There were 12 luxury sales of $1 million and greater, with the largest being a $2.5 million home on Ocean Isle Beach. Additionally, there were 16 luxury sales between $750,000-$999,000, a 116% increase compared to 2019.

Total year-to-date sales are up 49.7% compared to this time in 2019, increasing from $1,288,520,000 to $1,929,083,000. Average sale prices are up 16.9% compared to last year, increasing from $283,033 to $330,822, and the number of units sold is up from 4,489 to 5,705, a 27.1% increase.

Brunswick County

New Listings
-November 2020: 547
-November 2019: 452
-Increase/Decrease: +21%

Units Sold
-November 2020: 533
-November 2019: 385
-Increase/Decrease: +38.4%

Average Sale Price
-November 2020: $349,811
-November 2019: $303,415
-Increase/Decrease: +15.3%

Total Sales Volume
-November 2020: $186,450,000
-November 2019: $116,810,000
-Increase/Decrease: +59.6%

Bladen County

New Listings
-November 2020: 5
-November 2019: 11
-Increase/Decrease: -54.5%

Units Sold
-November 2020: 14
-November 2019: 7
-Increase/Decrease: +100%

Average Sale Price
-November 2020: $192,211
-November 2019: $147,389
-Increase/Decrease: +30.4%

Total Sales Volume
-November 2020: $2,690,000
-November 2019: $1,030,000
-Increase/Decrease: 161.2%

Columbus County

New Listings
-November 2020: 22
-November 2019: 20
-Increase/Decrease: +10%

Units Sold
-November 2020: 22
-November 2019: 17
-Increase/Decrease: +29.4%

Average Sale Price
-November 2020: $131,506
-November 2019: $131,956
-Increase/Decrease: -0.3%

Total Sales Volume
-November 2020: $2,890,000
-November 2019: $2,240,000
-Increase/Decrease: +29%