Brunswick County real estate market tops $1.4 billion in sales during 2019

January 15, 2020

Brunswick County’s residential real estate market saw $1,417,960,000 in total sales volume during 2019, up 8.4% from 2018, according to statistics released today by the Brunswick County Association of REALTORS® (BCAR). Average sale prices, new listings, and the number of units sold were also higher than last year.

“Brunswick County surpassed $1 billion in total sales volume for the third straight year. We saw nearly 130 million dollars in sales during December, a number much higher than any other December in recent history” said BCAR CEO Cynthia Walsh. “The market consistently demonstrated strength and growth throughout 2019, and we expect that to continue into 2020.”

In addition to the increase in sales volume, Brunswick County saw a 9.6% increase in the total number of new listings during 2019, going from 6,011 to 6,587. The total number of units sold increased by 2.7% from 4,758 to 4,885. The year’s average sale price also increased from 2018, rising from $273,435 to $286,685.

In December 2019, the market saw $129,440,000 in total sales volume, a 30.7% spike over last December at $99,060,000. Average sale prices increased 17%, from $277,469 to $326,857, topping $300,000 for the first time since mid-2005. There were six sales of $1,000,000 or greater and 50 sales between $500,000 to $999,999. The number of new listings increased by 24.6%, rising from 272 to 339, while the number of units sold increased by 10.9%, from 357 to 396. Homes are spending an average of 85 days on the market and are selling for approximately 96% of their listed prices. The absorption rate, which is the amount of time it would take to sell the current inventory of homes, is hovering around 4.5 months.

Brunswick County

New Listings

  • December 2019: 339
  • December 2018: 272
  • Increase/Decrease: +24.6%
  • 2019 Total: 6,587
  • 2018 Total: 6,011
  • Increase/Decrease: +9.6%

Units Sold     

  • December 2019: 396
  • December 2018: 357
  • Increase/Decrease: +10.9%
  • 2019 Total: 4,885
  • 2018 Total: 4,758
  • Increase/Decrease: +2.7%

Average Sale Price

  • December 2019: $326,857
  • December 2018: $277,469
  • Increase/Decrease: +17.8%
  • 2019 Total: $286,685
  • 2018 Total: $273,435
  • Increase/Decrease: +4.8%

Total Sales Volume

  • December 2019: $129,440,000
  • December 2018: $99,060,000
  • Increase/Decrease: +30.7%
  • 2019 Total: $1,417,960,000
  • 2018 Total: $1,307,842,000
  • Increase/Decrease: +8.4%

Columbus County

New Listings

  • December 2019: 15
  • December 2018: 12
  • Increase/Decrease: +25%

Units Sold

  • December 2019: 10
  • December 2018: 9
  • Increase/Decrease: +11.1%

Average Sale Price

  • December 2019: $134,085
  • December 2018: $97,656
  • Increase/Decrease: +37.3%

Total Sales Volume

  • December 2019: $1,340,000
  • December 2018: $878,000
  • Increase/Decrease: +52.5%

Bladen County

New Listings

  • December 2019: 9
  • December 2018: 10
  • Increase/Decrease: -10%

Units Sold   

  • December 2019: 5
  • December 2018: 4
  • Increase/Decrease: +25%

Average Sale Price

  • December 2019: $145,100
  • December 2018: $156,450
  • Increase/Decrease: +7.3%

Total Sales Volume

  • December 2019: $725,500
  • December 2018: $625,800
  • Increase/Decrease: +15.9%
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