Brunswick County’s real estate market sees higher prices, increased sales volume and tight inventory in November

Brunswick County’s residential real estate market saw higher prices, higher sales volume and a tight inventory of available homes in November. The market remains ahead of 2020’s record pace in terms of total sales volume for the year. While the number of units sold in November was down slightly, total sales volume increased 10.2% compared to 2020, and new listings were down 13.5%.

“Our market has been amazingly resilient throughout 2021,” said BCAR CEO Cynthia Walsh. “We continue to see strong demand and a tight inventory, which results in homes selling quickly and at higher prices. In addition, a strong luxury home market continues to fuel our higher average sale price. The bottom line is that our market is in good shape as 2021 comes to a close.”

Brunswick County saw $205,540,000 in total sales volume in November 2021, a 10.2% increase from last November’s $186,450,000. New listings dropped 13.5%, from 547 to 473, and the number of units sold decreased 5.6%, from 533 to 503. The market saw a net increase of 30 new listings, which reflects the difference between units sold and new listings. The average sales price increased 16.8%, from $349,811 to $408,628, and was fueled in part by luxury home sales. November saw 19 sales in excess of $1 million, with the highest being a $2.4 million transaction. The average number of days on the market is down slightly at 27 days, with a median of nine days.

Overall, Brunswick County’s year-to-date numbers are still ahead of 2020’s pace. Total sales volume is up 27.5% compared to the same point in 2020, increasing from $1,930,013,000 to $2,461,099,429. Average sales prices for the year are up 19.4%, from $330,840 in 2020 to $395,059 in 2021. The number of units sold through November is up 9.1%, from 5,708 to 6,226. The number of new listings for the year saw a slight 2.8% increase, from 6,607 to 6,789.

Brunswick County

New Listings

  • November 2021: 473
  • November 2020: 547
  • Increase/Decrease: -13.5%

Units Sold

  • November 2021: 503
  • November 2020: 533
  • Increase/Decrease: -5.6%

Average Sales Price

  • November 2021: $408,628
  • November 2020: $349,811
  • Increase/Decrease: +16.8%

Median Sales Price

  • November 2021: $330,000
  • November 2020: $280,000
  • Increase/Decrease: +17.9%

Total Sales Volume

  • November 2021: $205,540,000
  • November 2020: $186,450,000
  • Increase/Decrease: +10.2%

Bladen County

New Listings

  • November 2021: 11
  • November 2020: 5
  • Increase/Decrease: +120.0%

Units Sold

  • November 2021: 14
  • November 2020: 14
  • Increase/Decrease: 0.0%

Average Sales Price

  • November 2021: $281,854
  • November 2020: $192,211
  • Increase/Decrease: +46.6%

Total Sales Volume

  • November 2021: $3,950,000
  • November 2020: $2,690,000
  • Increase/Decrease: +46.8%

Columbus County

New Listings

  • November 2021: 22
  • November 2020: 22
  • Increase/Decrease: 0.0%

Units Sold

  • November 2021: 24
  • November 2020: 22
  • Increase/Decrease: +9.1%

Average Sales Price

  • November 2021: $198,496
  • November 2020: $131,506
  • Increase/Decrease: +50.9%

Total Sales Volume

  • November 2021: $4,760,000
  • November 2020: $2,890,000
  • Increase/Decrease: +64.7%

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.