Rapid-fire Real Estate in April

May 17, 2022

Majority of homes in Brunswick County sell in 5 days or less

Thanks to tight inventory and strong demand, homes sold in rapid-fire fashion in Brunswick County during April. A majority of homes sold spent less than five days on the market last month, and homes spent an average of 25 days on the market.

“Thanks to strong demand and a limited inventory of available homes, Brunswick County once again saw a strong seller’s market in April,” said BCAR CEO Cynthia Walsh. “Homes sold in rapid-fire fashion last month, with a majority spending five days or less on the market. Additionally, a number of homes sold for more than list price, likely a result of sellers receiving multiple offers. The combination of strong demand and limited inventory once again drove prices upward. Our market remains intensely competitive, and serious buyers would benefit from working with a professional REALTOR®.”

Brunswick County saw $217,860,000 in total sales volume in April 2022, a 4.6% decrease from last April’s $228,350,00. New listings dropped 7.1%, from 631 to 586, the lowest differential since the beginning of 2022. As of May 10, there were only 481 active listings. The number of units sold in April dropped 22.5% compared to last year, from 622 to 482, and 54% of the homes sold spent five days or less on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, is one month. The average sales price increased 23.1%, from $367,127 to $451,993. Brunswick County’s luxury market remained strong in April, with 19 sales in excess of $1 million, including a $3.2 million sale on Bald Head Island and a $2.8 million sale in Holden Beach.

Year-to-date totals are following a similar pattern. Year-to-date sales volume through April is $774,220,000, down 2.4% from $793,649,429 last year. Average sales prices are 22.4% higher than last year, increasing from $359,971 to $440,574. The number of units sold through April is down 20.1%, from 2199 to 1757, and the number of new listings is down 16.9%, from 2438 to 2026. Year-to-date there were 73 sales in excess of $1 million, up from 44 at the same time last year.

Brunswick County

New Listings

  • April 2022: 586
  • April 2021: 631
  • Increase/Decrease: -7.1%

Units Sold

  • April 2022: 482
  • April 2021: 622
  • Increase/Decrease: -22.5%

Average Sales Price

  • April 2022: $451,993
  • April 2021: $367,127
  • Increase/Decrease: +23.1%

Median Sales Price

  • April 2022: $379,450
  • April 2021: $295,000
  • Increase/Decrease: +28.6%

Total Sales Volume

  • April 2022: $217,860,000
  • April 2021: $228,350,000
  • Increase/Decrease: -4.6%

Bladen County

New Listings

  • April 2022: 8
  • April 2021: 11
  • Increase/Decrease: -27.3%

Units Sold

  • April 2022: 11
  • April 2021: 10
  • Increase/Decrease: +10%

Average Sales Price

  • April 2022: $284.945
  • April 2021: $149.165
  • Increase/Decrease: +91%

Total Sales Volume

  • April 2022: $3,130,000
  • April 2021: $1,490,000
  • Increase/Decrease: +110.1%

Columbus County

New Listings

  • April 2022: 43
  • April 2021: 38
  • Increase/Decrease: +13.2%

Units Sold

  • April 2022: 26
  • April 2021: 27
  • Increase/Decrease: -3.7%

Average Sales Price

  • April 2022: $193,492
  • April 2021: $118,600
  • Increase/Decrease: +63.1%

Total Sales Volume

  • April 2022: $5,030,000
  • April 2021: $3,200,000
  • Increase/Decrease: +57.2%

Robeson County

New Listings

  • April 2022: 7
  • April 2021: 8
  • Increase/Decrease: +75%

Units Sold

  • April 2022: 6
  • April 2021: 3
  • Increase/Decrease: +100%

Average Sales Price

  • April 2022: $150,167
  • April 2021: $148,167
  • Increase/Decrease: +1.3%

Total Sales Volume

  • April 2022: $901,000
  • April 2021: $444,500
  • Increase/Decrease: +102.7%

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 https://bcarnc.com.

Posted in Member News, News