Print
Real Estate - Residential

Brunswick County Homes Sales Heating Up

By Cece Nunn, posted Apr 18, 2017
Brunswick County's residential real estate market continued to surge in March and during the first quarter of this year in year-over-year comparisons, according to Brunswick County Association of Realtors numbers released Tuesday.

The number of homes sold in the county was up 29 percent for the first quarter compared to Q1 in 2016, the release said. Home sale figures also showed increases last month.

"The number of listings, units sold and average sale price all increased in March compared to a year ago, while the average number of days on market continues to hold steady and the absorption rate continues to drop," said Cynthia Walsh, CEO of BCAR, in the release. "Additionally, total sales volume rose by an astounding 51 percent in March compared to last year."

The number of homes sold in New Hanover, Pender and northern Brunswick counties jumped more than 27 percent last month compared to March 2016, according to statistics released last week from the Cape Fear Realtors. Both CFR and BCAR use numbers from the N.C. Regional Multiple Listing Service.

According to BCAR, Brunswick County saw an increase in sales in all price ranges in March this year. Some of the price-range highlights included:
  • Six homes sold in excess of $1 million
  • 29% increase in sales of homes between $500,000 and $950,000
  • 266.7% increase in sales of homes between $450,000 and $499,999
  • 175% increase in sales of homes between $350,000 and $399,000
  • 70% increase in sales of homes between $200,000 and $250,000.
Walsh said the totals for January, February and March showed the best first quarter in Brunswick County in more than five years, "and all indicators point to an increasingly hot market as we move into summer."
 
Brunswick County's March home sales
  Listings Units Sold Avg. Sales Price Total Sales Volume
2017 683 397 $251,543 $99,860,000
2016 556 281 $234,463 $65,880,000
% Change 22.8 41.3 7.3 51.6
 
Brunswick County's Q1 home sales
   Listings Units Sold Avg. Sales Price Total Sales Volume
2017 1,822 875 $250,024 $218,950,876
2016 1,531 677 $229,721 $155,970,000
% Change 19 29.24 8.8 40.4
Ico insights

INSIGHTS

SPONSORS' CONTENT
Martyheadshot

Are You Too Scared To Move?

Marty Cayton - TeamLogic IT of Wilmington & Fayetteville
Andyolsen 161723521

Trusts As A Tool In Long-term Care Planning

Andrew Olsen - CSH Law
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

Five Mind-Blowing Reasons Why Virtual Machines Could Revolutionize Your Business

Diane Durance - UNCW Center for Innovation and Entrepreneurship

Trending News

Brewery Proposed For Wilmington's Soda Pop District

Jessica Maurer - Oct 19, 2017

Developers Want To Build 150-room Hotel In Porters Neck

Cece Nunn - Oct 20, 2017

Developers At Downtown Event Describe Projects In The Works

Cece Nunn - Oct 20, 2017

Cape Fear Realtors Announces New CEO

Cece Nunn - Oct 20, 2017

Innovator Oscar Lewis Discusses Business Challenges At Conference

Christina Haley O'Neal - Oct 19, 2017

In The Current Issue

Brilliant Sole's VR Toehold

Two years ago, Wilmington entrepreneur and hardware designer Jeff Guard found something lacking when the first consumer virtual reality head...


Careworn: Small Businesses Struggle To Cope With Health Insurance

Some small business owners say they’ve been hit particularly hard by what they see as the Affordable Care Act's disadvantages....


Health Care Heroes: Volunteer

Finalists in the 2017 Health Care Heroes Volunteer category: Common Thread Ministry, Gloria & Mike Foss and Amy Hermann....

Book On Business

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Major Developments
WilmingtonBiz Expo - Key Note Lunch with Keynote Lunch with Chip Mahan - 2016