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Brunswick County sees sharp increases in homes sold, total sales volume in January

Stats Info GraphicBrunswick County saw sharp increases in homes sold and total sales volume in January, according to statistics released today by the Brunswick County Association of REALTORS® (BCAR).

“While Brunswick County’s real estate market has been consistently strong over the past couple of years, I was caught off guard by January’s sharp increases in homes sold and sales volume,” said BCAR CEO Cynthia Walsh. “Prices are up, and homes are continuing to sell quickly as we move toward Spring.”

In January 2020, the market saw $99,360,000 in total sales volume, a 60.1% spike over last January’s $62,070,000. The number of units sold jumped 42.3%, from 241 to 343. Average sale prices increased 12.5% from $257,555 to $289,675, with 36% of sales in the $200,000-$299,000 price range. The number of new listings increased 1.7% from 542 to 551.The absorption rate, which is the amount of time it would take to sell the current inventory of homes, is holding steady at less than five months.

Brunswick County

New Listings

  • January 2020: 551
  • January 2019: 542
  • Increase/Decrease: +1.7%

Units Sold

           

  • January 2020: 343
  • January 2019: 241
  • Increase/Decrease: +42.3%

Average Sale Price

  • January 2020: $289,675
  • January 2019: $257,555
  • Increase/Decrease: +12.5%

Total Sales Volume

  • January 2020: $99,360,000
  • January 2019: $62,070,000
  • Increase/Decrease: +60.1%

 

Bladen County

New Listings

  • January 2020: 15
  • January 2019: 12
  • Increase/Decrease: +25%

Units Sold

           

  • January 2020: 6
  • January 2019: 8
  • Increase/Decrease: -25%%

Average Sale Price

  • January 2020: $123,750
  • January 2019: $89,475
  • Increase/Decrease: +38.3%

Total Sales Volume

  • January 2020: $742,500
  • January 2019: $715,800
  • Increase/Decrease: +3.7%

Columbus County

New Listings

  • January 2020: 23
  • January 2019: 26
  • Increase/Decrease: -11.5%

Units Sold

           

  • January 2020: 17
  • January 2019: 16
  • Increase/Decrease: +6.3%

Average Sale Price

  • January 2020: $151,205
  • January 2019: $135,375
  • Increase/Decrease: +11.7%

Total Sales Volume

  • January 2020: $2,570,000
  • January 2019: $2,170,000
  • Increase/Decrease: +18.4%