Brunswick Brokers Blog

Brunswick County real estate market saw highest sales volume in 14 years in 2018


Posted: January 28, 2019 by Karen Gaspar

SHALLOTTE, N.C. (Jan. 25, 2019) – Brunswick County’s residential real estate market saw its highest annual sales volume since before the recession in 2018, according to statistics released today by the Brunswick County Association of REALTORS® (BCAR). Average sale prices were also up last year, while the number of new listings was down slightly.

Brunswick County saw $1,307,842,000 in total sales in 2018, compared to $1,212,047,561 in 2017, a 7.9 percent increase. The number of units sold in 2018 inched up 4.4 percent from 2017, rising from 4,613 to 4,807, while the number of new listings fell 3.6 percent, dropping from 6,233 to 6,011. The average sales price was up 4.4 percent over 2017, rising from $261,925 to $273,435 – the highest average sale price since 2007.

“Brunswick County surpassed $1 billion in total sales volume for the second straight year, with 2018 sales volume nearly 8 percent higher than last year, a remarkable achievement given that we were essentially shut down for a month due to Hurricane Florence”, said BCAR CEO Cynthia Walsh. “Brunswick County’s real estate market remains in strong shape as we move into 2019.”

Leland was Brunswick County’s top performing market in 2018 with $292.9 million in sales, followed by Southport with $172.8 million in sales.

Brunswick County

New Listings

  • December 2018: 272
  • December 2017: 333
  • Increase/Decrease: -18.4%
  • 2018 Total: 6011
  • 2017 Total: 6233
  • Increase/Decrease: -3.6%

Units Sold         

  • December 2018: 357
  • December 2017: 357
  • Increase/Decrease: 0.0% (no change)
  • 2018 Total: 4758
  • 2017 Total: 4613
  • Increase/Decrease: 3.1%

Average Sale Price

  • December 2018: $277,469
  • December 2017: $264,923
  • Increase/Decrease: 4.7%
  • 2018 Total: $273,435
  • 2017 Total: $261,925
  • Increase/Decrease: 4.4%

Total Sales Volume

  • December 2018: $99,060,000
  • December 2017: $94,580,000
  • Increase/Decrease: 4.7%
  • 2018 Total: $1,307,842,000
  • 2017 Total: $1,212,047,561
  • Increase/Decrease: 7.9%
The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), BCAR represents the interests of its members in southeastern North Carolina and northeastern South Carolina. For more information, please visit http://www.bcarnc.com.

Loading Comments

 Categories


 Archives