Brunswick County Association of REALTORS® releases real estate statistics for September 2018, showing impacts of Hurricane Florence

September 20, 2018

Brunswick County’s residential real estate market is seeing the short-term impact of Hurricane Florence, according to the latest statistics released by the Brunswick County Association of REALTORS®. New listings and total sales in September were down compared to last year. The average sale price fell slightly, while the absorption rate, which measures how long it would take to sell the existing inventory at the current rate of sales, held steady at four months.

“Hurricane Florence clearly had an impact on September’s numbers,” said BCAR CEO Cynthia Walsh. “While September’s numbers were down compared to last year, the market held its own given that all of southeastern North Carolina was out of commission and focused on hurricane recovery. As the recovery continues, I have full confidence that Brunswick County’s market will bounce back to full strength.”

The number of new listings decreased 45.8 percent in September 2018 compared to last year, falling from 509 to 276, while the number of units sold decreased 47.3 percent, from 404 in September 2017 to 213 last month. The average sales price decreased slightly from $269,477 to $257,266, while total sales volume dropped 49.7 percent, from $108.87 million to $54.8 million. Of the 213 homes sold in September, 15 of them sold for $500,000 or more.

Brunswick County

New Listings

  • September 2018: 276
  • September 2017: 509
  • Increase/Decrease: -45.8%

Units Sold

  • September 2018: 213
  • September 2017: 404
  • Increase/Decrease: -47.3%

Average Sale Price

  • September 2018: $257,266
  • September 2017: $269,477
  • Increase/Decrease: -4.5%

Total Sales Volume

  • September 2018: $54,800,000
  • September 2017: $108,870,000
  • Increase/Decrease: -49.7%

Bladen County

New Listings

  • September 2018: 12
  • September 2017: 10
  • Increase/Decrease: +20%

Units Sold

  • September 2018: 8
  • September 2017: 7
  • Increase/Decrease: +14.3%

Average Sale Price

  • September 2018: $149,455
  • September 2017: $101,743
  • Increase/Decrease: +46.9%

Total Sales Volume

  • September 2018: $1,200,000
  • September 2017: $712,000
  • Increase/Decrease: +68.5%

Columbus County

New Listings

  • September 2018: 19
  • September 2017: 23
  • Increase/Decrease: -17.4%

Units Sold

  • September 2018: 10
  • September 2017: 17
  • Increase/Decrease: -41.2%

Average Sale Price

  • September 2018: $78,340
  • September 2017: $133,556
  • Increase/Decrease: -41.3%

Total Sales Volume

  • September 2018: $783,400
  • September 2017: $2,270,000
  • Increase/Decrease: -65.5%

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.

The Association is a founding member of the North Carolina Regional Multiple Listing Service (NCRMLS), which features a comprehensive list of available properties for sale and general property information for southeastern North Carolina and northeastern South Carolina. For more information, please visit https://bcarnc.com.

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