Print
Real Estate - Residential

Brunswick County Home Sales Down Nearly 17% For The Year

By Staff Reports, posted Nov 21, 2022
The number of units sold in Brunswick County is down nearly 17% as of last month. (Photo courtesy of the Brunswick County Association of Realtors)

Although Brunswick County’s residential real estate market surpassed $2 billion in year-to-date sales in October, the number of units sold declined nearly 17%, according to a report compiled by the Brunswick County Association of Realtors.

More than half of all homes sold during October were sold at or above list price, but the number of homes sold during the month dipped 8%, from 487 last October to 448 this October.

The number of units sold through October for the whole year fell from 5,723 to 4,756, and the number of new listings was down 11.3%, from 6,316 to 5,602.

The year-to-date sales volume, though higher than $2 billion, was down nearly 4% from the same period last year, falling from $2.25 billion to $2.16 billion.

In the report, Brunswick County Association of Realtors' (BCAR) CEO Cynthia Walsh played up the market's brighter sides.

“While $2 billion in total sales seemed like an unreachable milestone just a couple of years ago, it doesn’t come as a shock this year given our market’s consistently strong performance month over month,” Walsh stated in the report. “Overall demand remains strong, prices continue to increase, and we continue to see a strong luxury market. Overall, our market is positioned for continued strength as we move into winter.”

According to the report, ​Brunswick County’s luxury market produced 24 sales in excess of $1 million in October, including three sales over $2 million and a $3.4 million sale in Ocean Isle Beach.

More October numbers are listed below:

Brunswick County

  • New Listings
    • October 2022: 470
    • October 2021: 622
    • Increase/Decrease: -24.4%
  • Units Sold
    • October 2022: 448
    • October 2021: 487
    • Increase/Decrease: -8%
  • Average Sales Price
    • October 2022: $472,150
    • October 2021: $432,131
    • Increase/Decrease: +9.3%
  • Median Sales Price
    • October 2022: $425,000
    • October 2021: $343,168
    • Increase/Decrease: +23.8%
  • Total Sales Volume
    • October 2022: $211,520,000
    • October 2021: $210,450,000
    • Increase/Decrease: +0.5%
Ico insights

INSIGHTS

SPONSORS' CONTENT
Dane

A Simple Approach To Difficult Conversations

Dane Scalise - GriffinEstep Benefit Group
Web awstaffpic2020 1 132245438

The Luncheon for Literacy: More than a Meal

Alesha Edison Westbrook - Cape Fear Literacy Council
Mel profilephoto

Grasshopper Lawn Care and Services Accepting New Monthly Clients

Mel Beasley - Wide Open Tech

Trending News

Avelo Airlines Extends Seasonal Offerings At ILM

Miriah Hamrick - Dec 5, 2022

More Space To Film: Dark Horse Studios Plans $20M Expansion

Cece Nunn - Dec 5, 2022

Wilmington Named As A Top City For Remote Workers In Nationwide Study

Staff Reports - Dec 6, 2022

Endowment To Announce Inaugural Grant Recipients At Friday Event

Staff Reports - Dec 5, 2022

At Chamber’s Economic Summit, Experts Talk Talent And Site Selection

Johanna F. Still - Dec 6, 2022

In The Current Issue

FNB, UB Bancorp's Local Impacts

Despite a scarcity of acquisition targets, the state will continue to see mergers and acquisitions because the North Carolina economy is so...


Retirement U-Turn

Many Cape Fear area retirees might initially opt for a life of leisure but discover that they still have a lot to give, and perhaps a lot to...


Local Port Volumes Remain Strong

As consumer spending remains persistent in the face of rising interest rates and pessimistic economic forecasts, a consistent stream of good...

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100