Print
Real Estate - Residential

Brunswick County Has Second-strongest January Home Sales

By Johanna Cano, posted Feb 15, 2019
Brunswick County just had its second-strongest January in the last 10 years in residential sales volume, according to data from the Brunswick County Association of Realtors.

The total sales volume last month was $62 million, down 12 percent from January 2018, which was the highest January for sales volume in the last decade.

“Even though January is typically a slow month in the real estate business, last month was our second-strongest January in a decade,” Cynthia Walsh, Brunswick County Association of Realtors CEO, said in a news release Friday. “Additionally, our inventory of available homes continues to be tight, pointing to a competitive seller’s market as spring approaches. We look forward to a successful year in terms of growth and sales.”

There were 542 new listings in January, which was higher than the 496 listings in January 2018.

The number of units sold and average sales price in January decreased as compared to the same time last year.

There were 241 units sold in January, down 8 percent from January 2018 at 262. Average sales price in January of last year was $269,320, higher than last month’s $257,555.

The absorption rate, which measures how long it would take to sell the current inventory of homes, is at 4.5 months and continues to trend downward, while the average number of days on market is hovering in the three-month range, stated the release.

In Bladen County, the total sales volume for January was $715,800, up 34 percent from the same month last year. There was one fewer listings last month in the county than a year ago, but more units sold as compared to January 2018.

Average sales price in Bladen County decreased by 16 percent.

Columbus County had an increase in the number of units sold, average sales price and total sales volume in January as compared to last January.

Total sales volume increased 61 percent, from $1.4 million in January 2018 to $2.2 million last month. Average sales price in January was $135,375, a 40 percent increase from the same month last year.
 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Alyce 4 april242017

Duties of A Trustee: Choose Wisely

Alyce Phillips - Old North State Trust LLC
Natalieenglish 3301715113

Advocacy: The Heart of the Chamber

Natalie English - Wilmington Chamber of Commerce
Chris coudriet

Purpose-Designed Government Center and Redeveloped Land Will Benefit the Community

Chris Coudriet - New Hanover County Government

Trending News

Sen. Peterson Files Complaint About Hospital Process Ahead Of Vote

Vicky Janowski - Sep 16, 2019

Rise Southern Biscuits Closes Wilmington Location

Jessica Maurer - Sep 17, 2019

County Commissioners Vote To Explore Hospital Sale

Vicky Janowski - Sep 16, 2019

Credit Union Buys Nearly 9 Acres On South 17th St. In $4.4M Deal

Cece Nunn - Sep 17, 2019

As Interest Grows In Redevelopment Project, County Sets RFQ Meeting

Johanna Cano - Sep 17, 2019

In The Current Issue

Officials Study Blue Clay Site's Potential

The county-owned property at 4301 Blue Clay Road has been the center of a contract between to explore future possibilities for the site....


Moving Even Closer To Where Patients Are

Now providers are popping up even closer on people’s daily routines – in at least some cases in the local market....


Advancing Local Women In Tech

A growing number of women have joined the tech field, and some in the Wilmington area are working to keep them there....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

August 26, 2019 Power Breakfast: A Healthy Sale?
WILMA's Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`