Brunswick County again sees higher real estate prices, tight inventory in August

Year-to-date sales up 44.5% compared to 2020

Brunswick County’s residential real estate market once again saw increased prices and low inventory in August. While total sales volume was slightly down in August, total year-to-date sales volume is up 44.5% compared the same month last year.

“On the surface it might seem like last month saw a slight downturn, but when you look closely, the big picture shows that the market is maintaining strength.” said BCAR CEO Cynthia Walsh. “Overall, the market is stable and with year-to-date sales up 44.5%, it is more than a possibility we will reach $2 billion in sales before the 4th quarter.”

In August 2021 Brunswick County saw $246,620,000 in total sales, a 0.7% decrease from last August’s $248,323,000. Despite this decrease, total year-to-date sales are up 44.5% compared to 2020, increasing from $1,244,333,000 to $1,797,989,429.

While number of units sold fell slightly with a 11.1% decrease from 667 to 593, the six-month average remains consistent at approximately 600 – 650 sales a month. The average sales price increased 11.7%, from $372,449 to $415,883, fueled by a higher number of luxury home sales. One hundred and twelve homes sold between $500,000 – $999,999 and 23 homes sold for over $1 million, with the largest two sales being over $3 million.

Average sale prices for the year are up 20.4% compared to last year, increasing from $318,948 to $338,919, and the number of units sold through August is up from $3,820 to $4,666, a 22.1% increase. Demand is high with listings on the market for about 20 days. New listings in August 2021 saw a 7.2% increase, growing from 636 to 682.

Brunswick County

New Listings

  • August 2021: 682
  • August 2020: 636
  • Increase/Decrease: +7.2%

Units Sold

  • August 2021: 593
  • August 2020: 667
  • Increase/Decrease: -11.1%

Average Sales Price

  • August 2021: $415,883
  • August 2020: $372,449
  • Increase/Decrease: +11.7%

Total Sales Volume

  • August 2021: $246,620,000
  • August 2020: $248,323,000
  • Increase/Decrease: -0.7%

Bladen County

New Listings

  • August 2021: 20
  • August 2020: 7
  • Increase/Decrease: +185.7%

Units Sold

  • August 2021: 13
  • August 2020: 3
  • Increase/Decrease: +333.3%

Average Sales Price

  • August 2021: $232,469
  • August 2020: $700,000
  • Increase/Decrease: -66.8%

Total Sales Volume

  • August 2021: $3,020,000
  • August 2020: $2,100,000
  • Increase/Decrease: +43.8%

Columbus County

New Listings

  • August 2021: 37
  • August 2020: 33
  • Increase/Decrease: +12.1%

Units Sold

  • August 2021: 33
  • August 2020: 26
  • Increase/Decrease: +26.9%

Average Sales Price

  • August 2021: $246,548
  • August 2020: $162,583
  • Increase/Decrease: +51.6%

Total Sales Volume

  • August 2021: $8,140,000
  • August 2020: $4,230,000
  • Increase/Decrease: +92.4%

The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), BCAR represents the interests of its members in southeastern North Carolina and northeastern South Carolina. For more information, please visit http://www.bcarnc.com.