Real Estate - Residential

Brunswick Co. Sees 84% Jump In Home Sales Volume

By Cece Nunn, posted Oct 14, 2020

The sales keep coming.

Brunswick County's residential real estate market by itself remained on the upswing in September, with sharp increases in units sold, average sale price and sales volume compared to last year, according to a news release from the Brunswick County Association of Realtors.

The market remains ahead of last year’s record pace, the release stated, with nearly $1.5 billion in sales through September.
“I feel like I am starting to sound like a broken record, but I’ll say it again: our market is on fire,” said BCAR CEO Cynthia Walsh in the release. “Our sales figures continue to be nothing short of amazing, and we’re on track to surpass the total sales from 2009, 2010 and 2011 combined by the end of the year."
Brunswick County saw nearly $238 million in sales in September 2020, an 84% increase over last September’s $129 million.

The number of units sold jumped 52.7%, from 448 to 684, tracking closely with the region's performance as a whole.

"The average sale price increased 20.5%, from $288,501 to $347,785. September’s largest sale was a $2.2 million transaction on Bald Head Island," the release stated.
Total year-to-date (YTD) sales have increased 41% in 2020 while new listings have increased by 4.5%. The average sales price YTD jumped 14%, from $282,272 to $322,130, and the units sold increased from 3,693 to 4,502, a 22% increase.

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