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.
Average Sale Price
Total Sales Volume