Brunswick County’s residential real estate market statistics are on track to surpass last year's totals, even with October decreases, according to the latest release of numbers by the Brunswick County Association of Realtors.
“Brunswick County’s market is in strong shape, even though we are beginning to see our usual year-end slowdown,” said BCAR CEO Cynthia Walsh in the release. “Average sale prices and total sales volume are relatively stable compared to last year, and sellers are receiving upwards of 97% of their asking price.
"We are on track to exceed the total sales volume for 2018, even if November and December are down 10% from last year. The bottom line is that Brunswick County’s market is in strong shape, and we see no reason to expect otherwise as we move into 2020.”
Average sale prices in Brunswick County decreased 2.1%, from $275,139 in October 2018 to $269,497 this October, the release stated.
The number of new listings rose from 453 in October 2018 to 542 this October, a 19.6% increase, according to the release. The number of units sold fell from 440 to 411, a 6.6% decrease.
The total sales volume inched up a little less than 1%, from about $121 million to nearly $121.9 million, the release stated. October’s new listings contain a number of luxury and higher-end homes, with 15 list prices of $1 million or higher and 51 between $500,000 and $999,999.
Passenger Rail Study Offers New Details About Proposed Wilmington To Raleigh Route
Emma Dill
-
Apr 22, 2024
|
|
Severe Weather Postpones Trump Rally In Wilmington
Emma Dill
-
Apr 20, 2024
|
|
Will NC Be CNBC's Three-time Top State For Business?
Audrey Elsberry
-
Apr 22, 2024
|
Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....
With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...
Baristas are incorporating craft cocktail techniques into show-stopping coffee drinks, and bartenders are mixing espresso and coffee liqueur...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.