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Real Estate - Residential

Realtors: Brunswick Co. Housing Stats Expected To Beat Last Year's

By Cece Nunn, posted Nov 20, 2019

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.

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