Units sold, prices up; listings down

Last year was a record year for Brunswick County’s residential real estate market, and the first two months of 2021 are outpacing that record pace. So far in 2021, the number of units sold is up 33.5% and total sales volume is up 60.1% compared to the first two months of 2020.

“Our weather was cold and dreary last month, but that didn’t dampen Brunswick County’s real estate market,” said BCAR CEO Cynthia Walsh. “In February we saw strong increases in homes sold, average sale prices and total sales volume, and the number of units sold was higher than any single month between January and May of last year. The only decreases we saw were in new listings and the absorption rate, pointing to an increasingly competitive sellers’ market. This is evidenced by the fact that 44% of all homes sold in February were at or above asking price. Demand is strong, and inventory remains as elusive as a unicorn. We expect the market to remain strong and competitive as we move into Spring.”

Brunswick County saw $166,483,409 in total sales in February 2021, a 57% spike over last February’s $106,050,000. The number of units sold jumped 32.7%, from 352 to 467. The average sales price increased 20.5%, from $295,910 to $356,457, driven in part by luxury sales. Eight homes sold for more than $1 million last month, with the highest sale being $2.4 million, and 68 homes sold for between $500,000 and $1 million. Active listings fell below 1,000 and the absorption rate was under two months.

Brunswick County

New Listings
February 2021: 565
February 2020: 589
Increase/Decrease: -4.1%

Units Sold
February 2021: 467
February 2020: 352
Increase/Decrease: +32.7%

Average Sale Price
February 2021: $356,457
February 2020: $295,910
Increase/Decrease: +20.5%

Total Sales Volume
February 2021: $166,483,409
February 2020: $106,050,000
Increase/Decrease: +57%

Bladen County

New Listings
February 2021: 10
February 2020: 13
Increase/Decrease: -23.1%

Units Sold
February 2021: 9
February 2020: 8
Increase/Decrease: +12.5%

Average Sale Price
February 2021: $135,800
February 2020: $87,050
Increase/Decrease: +56%

Total Sales Volume
February 2021: $1,222,200
February 2020: $696,400
Increase/Decrease: +75.5%

Columbus County

New Listings
February 2021: 23
February 2020: 26
Increase/Decrease: -11.5%

Units Sold
February 2021: 20
February 2020: 16
Increase/Decrease: +25%

Average Sale Price
February 2021: $148,525
February 2020: $117,188
Increase/Decrease: +26.7%

Total Sales Volume
February 2021: $2,990,500
February 2020: $1,880,000
Increase/Decrease: +59.1%