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Brunswick County Association of REALTORS® releases real estate statistics for August 2018

SHALLOTTE, N.C. – Brunswick County’s residential real estate market continues to demonstrate strength as we approach the end of summer, according to the latest statistics released by the Brunswick County Association of REALTORS®. The number of new listings in August 2018 was up 20 percent compared to August 2017, while total sales volume dropped by 5.5 percent. The average sale price increased slightly, up almost 4 percent over last year.

“Brunswick County continued to see a healthy market through August,” said BCAR CEO Cynthia Walsh. “We are at a decade high rate of sales with a decade low average number of days on market.  The overall number of active listings available to purchase is still at a decade low as well. While the long-term impact of Hurricane Florence on our market is unclear at this point, the market has met and exceeded our expectations through September.”

Walsh pointed out that the absorption rate has dropped to around 4.5 months, roughly 26% lower than last year, and days on market is 89 days.  Every month this year the market has seen an approximate 5 percent differential between list price and sold price, meaning homes are selling for approximately 95 percent of their original list price.  The average dollar amount of listing price reductions has dropped to $10,000, down from almost $23,000 in August 2017. 

The Leland market led in August sales with 96. Oak Island was next with 69, followed by Southport with 40 and Ocean Isle Beach with 37.  August had five sales of $1 million or higher, with only one of those on Bald Head Island, and nine sales between $700,000-$999,999 – none of them on Bald Head Island. 

Brunswick County

New Listings

  • August 2018: 588
  • August 2017: 490
  • Increase/Decrease: +20%

Units Sold

  • August 2018: 476
  • August 2017: 522
  • Increase/Decrease: -8.8%

Average Sale Price

  • August 2018: $282,390
  • August 2017: $272,599
  • Increase/Decrease: +3.6%

Total Sales Volume

  • August 2018: $134,420,000
  • August 2017: $142,300,000
  • Increase/Decrease: -5.5%

Bladen County

New Listings

  • August 2018: 11
  • August 2017: 16
  • Increase/Decrease: -31.3%

Units Sold

  • August 2018: 7
  • August 2017: 8
  • Increase/Decrease: -12.5%

Average Sale Price

  • August 2018: $96,200
  • August 2017: $112,580
  • Increase/Decrease: -29.6%

Total Sales Volume

  • August 2018: $673,400
  • August 2017: $1,120,000
  • Increase/Decrease: -39.9%

Columbus County

New Listings

  • August 2018: 30
  • August 2017: 33
  • Increase/Decrease: -9.1%

Units Sold

  • August 2018: 18
  • August 2017: 21
  • Increase/Decrease: -14.3%

Average Sale Price

  • August 2018: $141,281
  • August 2017: $131,955
  • Increase/Decrease: +7.1%

Total Sales Volume

  • August 2018: $2,540,000
  • August 2017: $2,770,000
  • Increase/Decrease: -8.3%

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 http://www.bcarnc.com.

Brunswick County Association of REALTORS® releases real estate statistics for July 2018

SHALLOTTE, N.C. – Brunswick County is seeing an increasingly competitive residential real estate market as the end of Summer approaches, according to the latest statistics released by the Brunswick County Association of REALTORS®. Sales in July 2018 outpaced last year, while the number of active listings and the absorption rate are at their lowest points since 2005. The absorption rate measures how long it would take to sell the existing inventory at the current rate of sales.

“July saw a steady demand and an increasingly tight supply of available homes in Brunswick County,” said BCAR CEO Cynthia Walsh. “If you’ve been thinking about putting your home on the market, now is the time to call one of Brunswick County’s REALTORS.”

The number of new listings decreased slightly in July 2018 compared to last year, falling from 549 to 515, while the number of units sold increased 6.7 percent, from 435 in July 2017 to 464 last month. The average sales price increased from $249,711 to $274,703, while total sales volume spiked 17.3 percent, jumping from $108.62 million to $127.46 million. Of the homes sold in July, 53 percent were conventional loans and 27 percent were cash transactions.

Brunswick County

New Listings

  • July 2018: 515
  • July 2017: 549
  • Increase/Decrease: -6.2%

Units Sold

  • July 2018: 464
  • July 2017: 435
  • Increase/Decrease: +6.7%

Average Sale Price

  • July 2018: $274,703
  • July 2017: $249,711
  • Increase/Decrease: +10%

Total Sales Volume

  • July 2018: $127,460,000
  • July 2017: $108,620,000
  • Increase/Decrease: +17.3%

Bladen County

New Listings

  • July 2018: 12
  • July 2017: 14
  • Increase/Decrease: -14.3%

Units Sold

  • July 2018: 15
  • July 2017: 8
  • Increase/Decrease: +87.5%

Average Sale Price

  • July 2018: $115,920
  • July 2017: $123,609
  • Increase/Decrease: -6.2%

Total Sales Volume

  • July 2018: $1,740,000
  • July 2017: $988,870
  • Increase/Decrease: +76%

Columbus County

New Listings

  • July 2018: 48
  • July 2017: 14
  • Increase/Decrease: +242.9%

Units Sold

  • July 2018: 21
  • July 2017: 8
  • Increase/Decrease: +162.5%

Average Sale Price

  • July 2018: $97,992
  • July 2017: $123,609
  • Increase/Decrease: -20.7%

Total Sales Volume

  • July 2018: $2,060,000
  • July 2017: $988,870
  • Increase/Decrease: +108.3%

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 http://www.bcarnc.com.

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Brunswick County Association of REALTORS® releases real estate statistics for second quarter of 2018

Total sales volume tops $400 million in second quarter, highest quarterly total in over a decade

SHALLOTTE, N.C. -- July 24, 2018 -- Brunswick County’s residential real estate market demonstrated continued strength through the second quarter of 2018, according to the latest statistics released by the Brunswick County Association of REALTORS®.

“Brunswick County’s residential real estate market continues to be a healthy one as we move into the second half of 2018,” said BCAR CEO Cynthia Walsh. “Total sales volume in the second quarter topped $400 million, an 18.5 percent jump over last year. This is our highest quarterly total in over a decade!”

New listings and units sold are also up compared to last year, while the average number of days a home stays on the market is trending downward. The number of sales between $350,000 and $600,000 increased nearly 60 percent in June 2018 compared to last year, while the number of sales between $500,000 and $599,000 jumped 400% in June 2018 compared to the previous year.

The number of new listings increased slightly in June, rising from 540 in June of 2017 to 583 last month, while the number of units sold increased 2.9 percent, from 519 in June 2017 to 534 last month. The average sales price increased from $253,842 to $276,883, while total sales volume spiked 12.2 percent, jumping from $131.74 million to $147.86 million.

“On average, we are getting 500 new listings and selling 500 homes each month,” Walsh added. “While our inventory of available homes is getting gradually smaller, but we are not anywhere near dangerously low levels. All signs point toward steady growth and a strong market through this summer.”

Brunswick County

New Listings

  • June 2018: 583
  • June 2017: 540
  • Increase/Decrease: +8%
  • Second Quarter 2018: 1760
  • Second Quarter 2017: 1662
  • Increase/Decrease: +5.9%

Units Sold

  • June 2018: 534
  • June 2017: 519
  • Increase/Decrease: +2.9%
  • Second Quarter 2018: 1533
  • Second Quarter 2017: 1290
  • Increase/Decrease: +18.3%

Average Sale Price

  • June 2018: $276,883
  • June 2017: $253,842
  • Increase/Decrease: +9.1%
  • Second Quarter 2018: $275,265
  • Second Quarter 2017: $268,109
  • Increase/Decrease: +2.7%

Total Sales Volume

  • June 2018: $147,860,000
  • June 2017: $131,740,000
  • Increase/Decrease: +12.2%
  • Second Quarter 2018: $408,852,000
  • Second Quarter 2017: $344,900,000
  • Increase/Decrease: +18.5%

 

Bladen County

New Listings

  • June 2018: 18
  • June 2017: 16
  • Increase/Decrease: +12.5%

Units Sold

  • June 2018: 10
  • June 2017: 5
  • Increase/Decrease: +100%

Average Sale Price

  • June 2018: $164,490
  • June 2017: $112,580
  • Increase/Decrease: +46.1%

Total Sales Volume

  • June 2018: $1,650,000
  • June 2017: $562,900
  • Increase/Decrease: +191.3%

 

Columbus County

New Listings

  • June 2018: 38
  • June 2017: 49
  • Increase/Decrease: -22.4%

Units Sold

  • June 2018: 31
  • June 2017: 14
  • Increase/Decrease: +121.4%

Average Sale Price

  • June 2018: $126,078
  • June 2017: $100,082
  • Increase/Decrease: +26%

Total Sales Volume

  • June 2018: $3,910,000
  • June 2017: $1,400,000
  • Increase/Decrease: +179.3%.

Brunswick County Association of REALTORS® releases real estate statistics for May 2018

SHALLOTTE, N.C. – Brunswick County’s residential real estate market remains strong as we move into summer, according to the latest statistics released by the Brunswick County Association of REALTORS®.

“Brunswick County’s residential real estate market is already hot as we move into the summer selling season,” said BCAR CEO Cynthia Walsh. “New listings, units sold and total sales volume are up compared to last year, while the average number of days a home stays on the market is holding steady. While sales have been brisk, we have added enough listings month over month in 2018 to maintain a healthy, stable market. All signs point toward steady growth and a strong market through this summer.”

According to the latest BCAR statistics, the number of new listings increased slightly from 592 in May of 2017 to 602 this year, while the number of units sold increased 18.6%, from 425 in May 2017 to 504 last month. The average sales price decreased slightly from $287,212 to $278,913, while total sales volume spiked 15.2%, jumping from $122.07 million to $140.57 million.

The absorption rate, which measures how long it would take to sell the existing inventory at the current rate of sales, is holding steady at around five months. Walsh pointed out that the absorption rate has been virtually static since December 2017, when the number was 5.5 months. Additionally, the average number of days on market remained steady in May at approximately 95 days. In the past 12 months, days on market has consistently hovered between 90 and 120 days.

Brunswick County

New Listings

  • May 2018: 602
  • May 2017: 592
  • Increase/Decrease: +1.7%

Units Sold

  • May 2018: 504
  • May 2017: 425
  • Increase/Decrease: +18.6%

Average Sale Price

  • May 2018: $278,913
  • May 2017: $287,212
  • Increase/Decrease: -2.9%

Total Sales Volume

  • May 2018: $140,572,000
  • May 2017: $122,070,000
  • Increase/Decrease: +15.2%

 

Bladen County

New Listings

  • May 2018: 15
  • May 2017: 13
  • Increase/Decrease: +15.4%

Units Sold

  • May 2018: 5
  • May 2017: 3
  • Increase/Decrease: +66.7%

Average Sale Price

  • May 2018: $92,780
  • May 2017: $107,000
  • Increase/Decrease: -13.3%

Total Sales Volume

  • May 2018: $463,900
  • May 2017: $321,000
  • Increase/Decrease: +44.5%

 

Columbus County

New Listings

  • May 2018: 28
  • May 2017: 45
  • Increase/Decrease: -37.8%

Units Sold

  • May 2018: 32
  • May 2017: 7
  • Increase/Decrease: +357.1%

Average Sale Price

  • May 2018: $135,320
  • May 2017: $101,786
  • Increase/Decrease: +32.9%

Total Sales Volume

  • May 2018: $4,330,250
  • May 2017: $712,500
  • Increase/Decrease: +507.8%.

Brunswick County Association of REALTORS® releases real estate statistics for April 2018

SHALLOTTE, N.C – Brunswick County’s residential real estate market is showing steady momentum heading into summer, according to the latest statistics released by the Brunswick County Association of REALTORS®.

“The unseasonably cold, rainy weather in April wasn’t enough to cool down Brunswick County’s residential real estate market,” said BCAR CEO Cynthia Walsh. “Average sale prices, total sales volume and new listings are up, while available inventory remains tight, with nearly 29% more sales than April of last year and an 8.5% increase in new listings—all signs of healthy, sustained growth,” said BCAR CEO Cynthia Walsh.

According to the latest BCAR statistics, the number of new listings increased from 530 in April of 2017 to 575 this year. The number of units sold increased 28.9%, from 346 in April 2017 to 446 last month. The average sales price rose 2.6%, from $263,274 to $269,999. Total sales volume jumped 32.2%, from $91.09 million to $120.42 million.

Despite having 575 new listings and 446 units sold, the months of inventory continues its downward trend to less than five months, and average days on market is less than 100, Walsh noted.

 

Brunswick County

New Listings

  • April 2018: 575
  • April 2017: 530
  • Increase/decrease: +8.5%

Units Sold

  • April 2018: 446
  • April 2017: 346
  • Increase/decrease: +28.9%

Average Sale Price

  • April 2018: $269,999
  • April 2017: $263,274
  • Increase/decrease: +2.6%

Total Sales Volume

  • April 2018: $120,420,000
  • April 2017: $91,090,000
  • Increase/decrease: +32.2%

 

Bladen County

New Listings

  • April 2018: 23
  • April 2017: 15
  • Increase/decrease: +53.3%

Units Sold

  • April 2018: 4
  • April 2017: 9
  • Increase/decrease: -55.6% 

Average Sale Price

  • April 2018: $94,737
  • April 2017: $153,167
  • Increase/decrease: -38.1%

Total Sales Volume

  • April 2018: $378,950
  • April 2017: $1,380,000
  • Increase/decrease: -72.5%

 

Columbus County

New Listings

  • April 2018: 35
  • April 2017: 27
  • Increase/decrease: +29.6%

Units Sold

  • April 2018: 24
  • April 2017: 15
  • Increase/decrease: +60%

Average Sale Price

  • April 2018: $123,319
  • April 2017: $76,831
  • Increase/decrease: 60.5%

Total Sales Volume

  • April 2018: $2,960,000
  • April 2017: $1,150,000
  • Increase/decrease: 157.4%.