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Real Estate - Residential

Brunswick Realtors Report Another Jump In Home Sales

By Cece Nunn, posted Aug 27, 2015
Single-family home sales in parts of Brunswick County jumped 27 percent last month over those of July 2014, according to statistics released Thursday by the Brunswick County Association of Realtors.

“July is showing another healthy increase in units sold and average sales prices and is the second best month in total sales this year, behind June,” said Cynthia Cumbie, interim CEO of BCAR, in a news release.
 
Total sales jumped 37 percent between July 2014 and June 2015, according to the latest statistics, going from $46.8 million to $64 million.
 
The number of units increased from 204 in July 2014 to 259 this July, the BCAR numbers show. The average sales price rose 7.9 percent, from $229,405 to $247,460.

"Two of the busiest sales markets are Boiling Spring Lakes, which has 3.9 months of residential inventory based on pending sales, and the Calabash/Carolina Shores area, which reports 3.6 months of inventory," the release said.

Cumbie said the average number of days properties spend on the market is steadily decreasing, dropping at least 2 percent each month this year and is about 18 percent lower than last year.
 
Another sign of improvement in the market is the number of pending sales, she said.
 
“The residential pending numbers are at their highest in the past 25 months and up almost 18 percent over June to 350 pending residential listings in July,” Cumbie said in the release. “If pending sales were to continue at this pace, we would be out of inventory in about six months.”
 
Brunswick County's single-family home sales stats for July
Listings Units sold Avg. sale price Total volume Lots sold Avg. lot sale price
2014: 349 204 $229,405 $46,798,565 78 $77,899
2015: 462 259 $247,460 $64,092,050 75 $64,482
32.1% 27% 7.9% 37% -3.8% -17.2%
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