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

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%

Brunswick County Real Estate Sales up 36% in November compared to last year

Stats Info GraphicBrunswick County’s residential real estate market remained strong in November with increases in news listings, units sold, average sale prices and total sales volume, according to statistics released by the Brunswick County Association of REALTORS®.

“Home prices and total sales volume are strong, and homes are selling at a good clip as we move into Winter,” said BCAR CEO Cynthia Walsh. “Apart from Hurricane Florence’s impact on our September 2019 number, the 36% jump in total sales volume is the biggest single-month increase we’ve seen from 2018 to 2019 increase.”  

Average sale prices in Brunswick County increased 9.8%, from $276,395 in November 2018 to $303,415 this November. The number of new listings rose from 393 in November 2018 to 452 last month, a 15% increase. The number of units sold increased from 311 to 385, a 23.8% increase. Total sales volume increased from $85,960,000 to $116,810,000, a 35.9% increase. There are currently 367 pending sales, 18% more than the same time last year, and 83% of those are scheduled to close this month. The average number of days on market has stayed consistent since October at approximately 100 days. The absorption rate, which measures how long it would take to sell the current inventory of homes, has also held steady at 5 months.  

Brunswick County

New Listings

  • November 2019: 452
  • November 2018: 393
  • Increase/Decrease: +15%

Units Sold

  • November 2019: 385
  • November 2018: 311
  • Increase/Decrease: +23.8%

Average Sale Price

  • November 2019: $303,415
  • November 2018: $276,395
  • Increase/Decrease: +9.8%

Total Sales Volume

  • November 2019: $116,810,000
  • November 2018: $85,960,000
  • Increase/Decrease: +35.8%

 

Bladen County

New Listings

  • November 2019: 11
  • November 2018: 17
  • Increase/Decrease: -35.3%

Units Sold

  • November 2019: 7
  • November 2018: 9
  • Increase/Decrease: -22.2%

Average Sale Price

  • November 2019: $147,389
  • November 2018: $150,556
  • Increase/Decrease: -2.1%

Total Sales Volume

  • November 2019: $1,030,000
  • November 2018: $1,360,000
  • Increase/Decrease: -24.3%

 

Columbus County

New Listings

  • November 2019: 20
  • November 2018: 17
  • Increase/Decrease: +17.6%

Units Sold

  • November 2019: 17
  • November 2018: 26
  • Increase/Decrease: -34.6%

Average Sale Price

  • November 2019: $131,956
  • November 2018: $135,967
  • Increase/Decrease: -2.9%

Total Sales Volume

  • November 2019: $2,240,000
  • November 2018: $3,540,000
  • Increase/Decrease: -36.7%

Brunswick County Association of REALTORS® Bucks 4 Bikes drive tops $45,000

IMG 081122The Brunswick County Association of REALTORS®’ 2019 Bucks 4 Bikes fundraising drive collected more than $45,000, which will be utilized to provide bicycles and other gifts to Brunswick County children who are in need. This year’s fundraising effort outpaced the 2018 total by $10,000. BCAR collaborated with Brunswick Family Assistance on this year’s Bucks 4 Bikes campaign.

“Thanks to the tremendous efforts of this year’s Bucks 4 Bikes team and the generous support of our donors, approximately 500 Brunswick County children who might not otherwise receive a Christmas gift will get one this year,” said Cynthia Walsh, BCAR CEO, “A special thanks goes out to Bucks 4 Bikes co-chairs Rick Mazur and Jim Goodman, Stephanie Bowen of Brunswick Family Assistance, our community captains, our key volunteers, and everyone in Brunswick County who donated to this worthwhile effort.”

Key volunteers included George Zimmerman, Elaine Harris, Bahre Willis, Cameron Brand, Robert Talley, Darlene Dies, Dan Riley, Karla Squier, Cathy Camac and Joe Calla.

Brunswick Family Assistance (BFA) is a private non-profit 501(c) (3) organization now in its 35th year of operation. Brunswick Family Assistance is dedicated to improving the lives of families and individuals in crisis in Brunswick County who are willing to help themselves by providing emergency and educational assistance as well as skills development programs. For more information, please visit: http://brunswickfamily.org.

Brunswick County real estate market remains stable, on track to surpass 2018 sales volume

Brunswick County’s residential real estate market continued its pattern of strength and stability in October, according to statistics released by the Brunswick County Association of REALTORS®.

“Brunswick County’s market is in strong shape, even though we are beginning to see our usual year-end slowdown,” said BCAR CEO Cynthia Walsh. “Average sale prices and total sales volume are relatively stable compared to last year, and sellers are receiving upwards of 97% of their asking price.  We are on track to exceed the total sales volume for 2018, even if November and December are down 10% from last year. The bottom line is that Brunswick County’s market is in strong shape, and we see no reason to expect otherwise as we move into 2020.”

Average sale prices in Brunswick County decreased 2.1%, from $275,139 in October 2018 to $269,497 this October. The number of new listings rose from 453 in October 2018 to 542 this October, a 19.6% increase. The number of units sold decreased from 440 to 411, a 6.6% decrease. Total sales volume inched up by 0.7%, from $121,060,000 to $121,860,000. October’s new listings contain a number of luxury homes, with 15 listings of $1,000,000 or higher and 51 between $500,000 and $999,999.

Brunswick County

New Listings

  • October 2019: 542
  • October 2018: 453
  • Increase/Decrease: +19.6%

Units Sold

  • October 2019: 411
  • October 2018: 440
  • Increase/Decrease: -6.6%

Average Sale Price

  • October 2019: $269,497
  • October 2018: $275,139
  • Increase/Decrease: -2.1%

Total Sales Volume

  • October 2019: $121,860,000
  • October 2018: $121,060,000
  • Increase/Decrease: +0.7%

 

Bladen County 

New Listings

  • October 2019: 17
  • October 2018: 10
  • Increase/Decrease: +70%

Units Sold

  • October 2019: 13
  • October 2018: 12
  • Increase/Decrease: +8.3%

Average Sale Price

  • October 2019: $139,406
  • October 2018: $129,875
  • Increase/Decrease: +7.3%

Total Sales Volume

  • October 2019: $1,810,000
  • October 2018: $1,560,000
  • Increase/Decrease: +16%

 

Columbus County

New Listings

  • October 2019: 27
  • October 2018: 28
  • Increase/Decrease: -3.6%

Units Sold

  • October 2019: 26
  • October 2018: 24
  • Increase/Decrease: +8.3%

Average Sale Price

  • October 2019: $93,590
  • October 2018: $96,720
  • Increase/Decrease: -3.2%

Total Sales Volume

  • October 2019: $2,430,000
  • October 2018: $2,320,000
  • Increase/Decrease: +4.7%

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.

Brunswick County Association of REALTORS® partners with Brunswick Family Assistance to provide holiday gifts to Brunswick County children in need

bucks4bikesThe Brunswick County Association of REALTORS® is teaming up with Brunswick Family Assistance for the annual Bucks 4 Bikes Fundraiser. The fundraiser, which began in 2012, works to make Christmas more enjoyable for less fortunate children in Brunswick County. Donations will go toward gifts such as bicycles, tricycles, wagons, scooters and other wheeled toys.

“Every year, many children in Brunswick County face a tough Christmas season without anything under the tree,” said BCAR CEO Cynthia Walsh, “With the help of the community and generous donors, we can help a less fortunate child experience true joy on Christmas morning.”

Bucks 4 Bikes donations are tax deductible and can be sent by mail or dropped off at the Brunswick County Association of REALTORS® office, located in the Red Apple Professional Park at 712 Village Road, Suite 201 in Shallotte. Donations can also be dropped off at any Margaret Rudd and Associates office. Suggested donation amounts are $90, $75, $40 or $30, but any amount will be accepted. All Bucks 4 Bikes donations must be received by November 30, 2019. For any questions or to donate, contact Shannon Jackson at (910) 754-5700 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..