Brunswick County’s residential real estate sales shattered records in 2020 and continued their rapid upward trajectory in January, according to a recent report.
Total sales volume spiked 63% last month compared to January 2020, higher than any single-month sales total seen in 2019, according to data from the Brunswick County Association of Realtors.
“Our market obliterated all previous sales records last year, and our hot streak is continuing in 2021,” said BCAR CEO Cynthia Walsh in a news release. “In January, we saw sharp increases in both homes sold and total sales volume, which nearly reached $164 million.”
That's an increase in sales volume from $100 million in January 2020.
“All signs point to continued strong sales activity as we move toward spring,” Walsh said.
The number of units sold in January jumped 34%, from 346 to 465. The median sales price increased 20% last month, from $241,250 in January 2020 to $289,000.
Average sale prices increased 21.6%, from $289,867 to $352,452.
The average sales price increase was due in part to a number of luxury sales: two homes for more than $2 million, six for $1 million or greater, and 67 homes in the $500,000 to $1 million price range, the report stated.
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