Date Archives: December 2022

If you're struggling to put together stylish, inviting home decor that showcases your personality and suits your family's needs, our real estate agents know that an interior designer can help. Interior designers work to create functional, aesthetically-pleasing spaces that fit your budget. Here's what you should know about utilizing an interior designer.

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SHALLOTTE, N.C. - Brunswick County Association of REALTORS®

Brunswick County's residential real estate market appears to be returning to a more normal pace, with fewer new listings, fewer homes sold, slightly higher inventory and a slightly higher absorption rate in November compared to last year. Average sale prices were up compared to November 2021, thanks in part to a strong luxury market. On average, homes sold for 97% of their list price last month. 

"This November looked a whole lot like Novembers of the past," said Cynthia Walsh, BCAR CEO. "The market typically slows as we move through the holidays into winter, and that's what we saw in November. With that said, it's important to look at the big picture. We saw 396 sales in November, which was lower than the last couple of years, but is still on the high side of normal. Additionally, nearly 60% of the homes sold in November sold in 30 days or less, which is a pretty good clip. The bottom line is that Brunswick County's market continues to demonstrate strength as we move into what is typically a winter cool-down."

Brunswick County saw $179,500,000 in total sales volume in November, a 12.7% decrease from last year's $205,540,000. The average sales price increased 10.9%, from $408,628 to $453,283. New listings were down 5.7%, from 473 to 446. The number of units sold dropped 21.3%, from 503 to 396. The absorption rate, which is the amount of time it would take to sell all available inventory, increased from 2 to 2.5 months. Brunswick County's luxury market was strong in November, with 14 sales in excess of $1 million, the highest a $2.5 million transaction on Holden Beach.

Year-to-date sales volume through November totaled $2,347,830,000, down 4.6% from last year's $2,461,099,429. Average sales prices for the year are 11.5% higher than 2021, increasing from $395,059 to $440,574. The number of units sold through November is down 17.3%, from 6,226 to 5,152, and the number of new listings is down 10.9%, from 6,789 to 6,048.

Brunswick County

New Listings

• November 2022: 446
• November 2021: 473
• Increase/Decrease: -5.7%

Units Sold

• November 2022: 396
• November 2021: 503
• Increase/Decrease: -21.3%

Average Sales Price

• November 2022: $453,283
• November 2021: $408,628
• Increase/Decrease: +10.9%

Median Sales Price

• November 2022: $384,240
• November 2021: $330,000
• Increase/Decrease: +16.4%

Total Sales Volume

• November 2022: $179,500,000
• November 2021: $205,540,000
• Increase/Decrease: -12.7%

Bladen County

New Listings

• November 2022: 34
• November 2021: 11
• Increase/Decrease: +209.1%

Units Sold

• November 2022: 6
• November 2021: 14
• Increase/Decrease: -57.1%

Average Sales Price

• November 2022: $258,983
• November 2021: $281,854
• Increase/Decrease: -8.1%

Total Sales Volume

• November 2022: $1,550,000
• November 2021: $3,950,000
• Increase/Decrease: -60.8%

Columbus County

New Listings

• November 2022: 16
• November 2021: 22
• Increase/Decrease: -27.3%

Units Sold

• November 2022: 27
• November 2021: 24
• Increase/Decrease: +12.5%

Average Sales Price

• November 2022: $208,545
• November 2021: $198,496
• Increase/Decrease: +5.1%

Total Sales Volume

• November 2022: $5,630,000
• November 2021: $4,760,000
• Increase/Decrease: +18.3%

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. For more information, please visit http://www.bcarnc.com.

Selling your home is a big deal, but it doesn't have to be an impossible challenge. If you're thinking about moving, our real estate agents can help you avoid bad pricing advice that can keep your home on the market way too long. Take a look at six common pricing mistakes you should avoid.

1. Price Your Home Without a Market Analysis
   Pricing your home so it's comparable to prices of other homes in your surrounding area is an important sales tool. A good real estate agent will do a complete comparative market analysis (CMA) and spend a lot of time researching homes for sale and comps in your area. When a CMA is done correctly, your home should sell relatively close to the listing price and within a short amount of time after it hits the market.

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BRUNSWICK COUNTY NC - On December 1, Brunswick County Association of REALTORS® hosted a 'Harley' Holiday Party and Installation of the 2023 BCAR President and Board of Directors. The evening started with appetizers, drinks, official 'biker' temporary tattoos, and socializing with over 200 REALTORS®, affiliates, and special guests. BCARs Past President Ben Styers led the pledge and Past President Brooke Rudd-Gaglie opened up the evening with an inspirational message.

The 2023 NC REALTORS® President Leigh Brown had the honor of installing the BCAR's Board of Directors, which included the following:

• Bonnie Black, REMAX at the Beach
• Brian McKenna, Margaret Rudd & Associates
• Clif Cheek, Keller Williams Realty
• Denise Young, Coldwell Banker Sea Coast Advantage
• Fred Gainey, NorthGroup Real Estate
• Kathy Sherman, Keller Williams Realty
• Mark Lindsey, Coldwell Banker Sea Coast Advantage
• Martha Lee, Martha Lee Realty
• Tori Humphrey, Seaside Appraisals and Realty Centre

The remaining members of the 2023 Board of Directors that could not make it to the Installation will be sworn in at the January board meeting. This includes Jennifer Brown, Coldwell Banker Sea Coast Advantage, Richard Barnes, Barnes Real Estate Services, and Wilson Sherrill, Fred Thorne Realty.

Brian McKenna, Broker/REALTOR^® with Margaret Rudd & Assoc., Inc., REALTORS^®  is pictured above at far left.  The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation presently serving its members comprised of REALTORS^®, Appraisers and Affiliate Members. For more information on this organization, chartered in 1959, visit BCARNC.com