Print
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.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign5

The Impact of a Growth Mindset

John Monahan - Vistage
Mcwhorter 0005

CIE Mentors: Springboarding Founder Success

Heather McWhorter - UNCW Center for Innovation and Entrepreneurship
Untitleddesign2

The Importance of Real Estate Appraisals

Steve Mitchell - Cape Fear REALTORS®

Trending News

Passenger Rail Study Offers New Details About Proposed Wilmington To Raleigh Route

Emma Dill - Apr 22, 2024

Severe Weather Postpones Trump Rally In Wilmington

Emma Dill - Apr 20, 2024

Will NC Be CNBC's Three-time Top State For Business?

Audrey Elsberry - Apr 22, 2024

In The Current Issue

Bootstrapping A Remote Option

Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...


MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...


Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season