Date Archives: April 29th, 2021

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April
29

April 13, 2021 - Brunswick County Association of Realtors

Brunswick County's residential real estate market saw its strongest sales this year in March, with sales volume nearly doubling and units sold up by half compared to March of 2020. Additionally, March's sales volume outpaced every other month in the past five years except for June and July of 2020.

"I feel like I'm running out of descriptive words and adjectives to describe the continuously red-hot real estate market we are experiencing." said BCAR CEO Cynthia Walsh. "Prices are up, sales figures are off the chart, and available inventory and the absorption rate are amazingly low. Our total sales in the first quarter were higher than ALL of 2008, 2009, 2010, 2011 and just slightly lower than 2012. These numbers are astounding, and we see no indications of a slowdown as we move into summer."

Brunswick County saw $236,960,000 in total sales in March 2021, an 85.4% spike over last March's $127,800,000. The number of units sold jumped 50.6%, from 431 to 649. The average sales price increased 23.1%, from $296,515 to $365,121. Twenty homes sold for more than $1 million last month, more than 100 homes sold for between $500,000 and $999,999, and there are two pending sales over $3 million and two over $2 million. Current active listings are at an all-time low of 629, and the absorption rate is 1.5 months.

Brunswick County

New Listings
March 2021: 692
March 2020: 622
Increase/Decrease: +11.3%

Units Sold
March 2021: 649
March 2020: 431
Increase/Decrease: +50.6%

Average Sale Price
March2021: $365,121
March2020: $296,515Increase/Decrease: +23.1%

Total Sales Volume
March 2021: $236,960,000
March 2020: $127,800,000
Increase/Decrease: +85.4%

Bladen County

New Listings
March 2021: 18
March 2020: 15
Increase/Decrease: +20%

Units Sold
March 2021: 9
March 2020: 12
Increase/Decrease: -25%

Average Sale Price
March 2021: $206,589
March 2020: $173,919
Increase/Decrease: +18.8 %

Total Sales Volume
March 2021: $1,860,000
March 2020: $2,090,000
Increase/Decrease: -11%

Columbus County

New Listings
March 2021: 34
March 2020: 40
Increase/Decrease: -15%

Units Sold
March 2021: 24
March 2020: 17
Increase/Decrease: +41.2%

Average Sale Price
March 2021: $139,729
March 2020: $132,379
Increase/Decrease: +5.6 %

Total Sales Volume
March 2021: $3,350,000
March 2020: $2,250,000
Increase/Decrease: +48.9%

Source: BCAR website www.bcarnc.com  (page view https://bit.ly/3t0jciB)