Print
Real Estate - Residential

Home Sales Show Gains In August Comparisons, New MLS Advances

By Cece Nunn, posted Sep 14, 2015
The number of homes sold in parts of Brunswick County rose 34 percent in August this year compared to last August, according to a news release Monday from the Brunswick County Association of Realtors.

Multiple Listing Service numbers for New Hanover, Pender and northern Brunswick counties also showed a gain, up 8 percent, for the same period, the Wilmington Regional Association of Realtors reported recently.

While figures from both associations showed a slight dip between the earlier summer months and August, that’s typical for the season, Realtors have said. The average sale price decreased by 5.6 percent year-over-year in August in the portions of Brunswick County covered by the BCAR MLS but showed a nearly 2 percent gain in the same period in WRAR's MLS tri-county figures.

The total sales volume in Brunswick County showed a 25.3 percent jump between last month and August 2014, from $48.23 million to $60.9 million, the BCAR release said. 

“There is no doubt that the Brunswick County residential market is getting hotter,” Cumbie said. “Average days on market is at a 2015 low of 163 days.”

The Realtors associations also announced recently that the N.C. Regional Multiple Listing Service, which is owned by WRAR, BCAR and eight other associations, signed a contract with FlexMLS to provide a regional MLS that is expected to launch in the first quarter of 2016. In addition to New Hanover, Brunswick and Pender counties, the regional MLS will also cover Beaufort, Bladen, Carteret, Columbus, Craven, Duplin, Jones, Lenoir, Onslow, Pamlico, Pitt, Sampson and Wilson counties.
 
Brunswick County's single-family home sales stats for August
Listings Units sold Avg. sale price Total volume Lots sold Avg. lot sale price
2014: 321 201 $239,965 $48,233,043 58 $94,884
2015: 380 269 $226,454 $60,915,998 68 $65,716
18.4% 33.8% -5.6% 25.3% 17.2% -30.7%
 
August home sales in New Hanover, Pender, northern Brunswick
Units sold Avg. sales price Median price Total dollars DOM New list.
2014: 627 $255,603 $212,000 $160.3M 118 925
2015: 678 $260,571 $218,850 $176.7M 105 914
8.13% 1.94% 3.23% 10% -11% -1.19%
Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign7

Getting Your Community Ready for Spring and Summer

Dave Orr - Community Association Management Services
Mcwhorter 0005

The Coastal Corridor is Helping Wilmington Startups With Connected Devices for Life Sciences Industry

Heather McWhorter - UNCW Center for Innovation and Entrepreneurship
Dave sweyer 300 x 300

Insights into the 2023 Leasing Market in Wilmington, NC: What You Need to Know

Dave Sweyer - Sweyer Property Management

Trending News

Conservation Group Signs $8M Deal To Buy The Point On Topsail Island

Audrey Elsberry - Mar 26, 2024

National Organization Bestows Top Award On Cape Fear Professional Women In Building

Staff Reports - Mar 26, 2024

Engineering Firm Hires Four Employees

Staff Reports - Mar 26, 2024

N.C. Ports Officials React To Baltimore Bridge Collapse

Audrey Elsberry - Mar 26, 2024

NCino's Fourth-quarter Earnings Signal Rebound From Liquidity Crisis

Audrey Elsberry - Mar 27, 2024

In The Current Issue

Q&A: Andrews Reflects On Leadership

Pender County Manager David Andrews is slated to retire this summer after 33 years in local government....


Hacking Cyberdefense Shortage

A shortage of cybersecurity professionals influenced professor Ulku Clark and her team to slowly evolve UNCW’s offerings to now include eigh...


Expanding Tastes On Castle Street

As John Willse and Beth Guertin, owners of Wilmington Wine bottle shop and now the recently opened Creative Tastings restaurant on Castle St...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2023 Power Breakfast: Major Developments