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September
13

SHALLOTTE, N.C. - Brunswick County Association of Realtors

In August, Brunswick County's residential real estate market saw higher prices, fewer new listings, and fewer homes sold compared to last August.  

"While there is talk nationally of a real estate slowdown, Brunswick County's market continues to demonstrate remarkable stability," said Cynthia Walsh, BCAR CEO. "When looking at these numbers, it's important to remember just how abnormal the past few years have been. While the number of homes sold is down slightly compared to last year, sales have been pretty much steady month over month for the past two years, generally hovering between 500 and 600 sales per month, with our usual seasonal dip in December, January, and February. Overall, our market remains on track to once again do something that was unheard of prior to 2020: surpass $2 billion in total sales before the end of the year."

Brunswick County saw $232,570,000 in total sales volume in August 2022, a 5.7% decrease from last August's $246,620,000. The average sales price increased 9.4%, from $415,883 to $455,130. New listings were down 10.4%, from 682 to 611. The number of units sold in August dropped 13.8% compared to last year, from 593 to 511, and homes spent an average of 26 days on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, remains at two months. Brunswick County's luxury market remained strong in August with 19 sales in excess of $1 million and two sales of $2 million or more.

Year-to-date sales volume through August is $1,741,530,000, down 3.1% from $1,797,989,429 last year. Average sales prices for the year are 14.8% higher than in 2021, increasing from $383,919 to $440,574. The number of units sold through August is down 17.6%, from 4,666 to 3,846, and the number of new listings is down 9.2%, from 5,135 to 4,664.

Brunswick County

  • New Listings
    • August 2022: 611
    • August 2021: 682
    • Increase/Decrease: -10.4%
  • Units Sold
    • August 2022: 511
    • August 2021: 593
    • Increase/Decrease: -13.8%
  • Average Sales Price
    • August 2022: $455,130
    • August 2021: $415,883
    • Increase/Decrease: +9.4%
  • Median Sales Price
    • August 2022: $370,000
    • August 2021: $325,000
    • Increase/Decrease: +13.8%
  • Total Sales Volume
    • August 2022: $232,570,000
    • August 2021: $246,620,000
    • Increase/Decrease: -5.7%

Bladen County

  • New Listings
    • August 2022: 14
    • August 2021: 20
    • Increase/Decrease: -30%
  • Units Sold
    • August 2022: 12
    • August 2021: 13
    • Increase/Decrease: -7.7%
  • Average Sales Price
    • August 2022: $305,300
    • August 2021: $232,469
    • Increase/Decrease: +31.3%
  • Total Sales Volume
    • August 2022: $3,660,000
    • August 2021: $3,020,000
    • Increase/Decrease: +21.2%

Columbus County

  • New Listings
    • August 2022: 45
    • August 2021: 37
    • Increase/Decrease: +21.6%
  • Units Sold
    • August 2022: 32
    • August 2021: 33
    • Increase/Decrease: -3%
  • Average Sales Price
    • August 2022: $242,337
    • August 2021: $246,548
    • Increase/Decrease: -1.7%
  • Total Sales Volume
    • August 2022: $7,750,000
    • August 2021: $8,140,000
    • Increase/Decrease: -4.8%

Robeson County

  • New Listings
    • August 2022: 10
    • August 2021: 13
    • Increase/Decrease: -23.1%
  • Units Sold
    • August 2022: 6
    • August 2021: 7
    • Increase/Decrease: -14.3%
  • Average Sales Price
    • August 2022: $153,083
    • August 2021: $186,214
    • Increase/Decrease: -17.8%
  • Total Sales Volume
    • August 2022: $918,500
    • August 2021: $1,300,000
    • Increase/Decrease: -29.3%

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.

August
16

Shallotte, NC - Brunswick County Association of Realtors

Brunswick County's residential real estate market remained competitive in July, with fewer homes sold, fewer new listings, higher prices, an uptick in the absorption rate, and homes continuing to sell quickly and at 99% of list price on average.

"Our market remains highly competitive thanks to strong demand paired with fewer new listings and a historically low inventory of available homes," said Cynthia Walsh, BCAR CEO. "While we saw fewer homes sold in July compared to last year, we have a healthy number of pending listings, and the absorption rate increased for the first time in months. Buyers would highly benefit from working with one of our professional REALTORS® to navigate this competitive market."

Brunswick County saw $216,760,000 in total sales volume in July 2022, a 14.3% decrease from last July's $252,900,000. The average sales price increased 3.9%, from $430,096 to $446,937. New listings were down 14.1%, from 681 to 585. The number of units sold in July dropped 17.5% compared to last year, from 588 to 485, and homes spent an average of 26 days on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, is up to 2 months for the first time since January 2021. Sellers received 99% of their list price in July on average. Brunswick County's luxury market remained strong in July with 25 sales of $1 million or more, with the highest transaction at $2,550,000.

Year-to-date sales volume through July is $1,508,960,000, down 2.7% from $1,551,369,429 last year. Average sales prices for the year are 16.1% higher than 2021, increasing from $379,353 to $440,574. The number of units sold through July is down 18.1%, from 4,073 to 3,335, and the number of new listings is down 9%, from 4,453 to 4,053.

Brunswick County

  • New Listings
    • July 2022: 585
    • July 2021: 681
    • Increase/Decrease: -14.1%
  • Units Sold
    • July 2022: 485
    • July 2021: 588
    • Increase/Decrease: -17.5%
  • Average Sales Price
    • July 2022: $446,937
    • July 2021: $430,096
    • Increase/Decrease: +3.9%
  • Median Sales Price
    • July 2022: $364,990
    • July 2021: $342,602
    • Increase/Decrease: +6.5%
  • Total Sales Volume
    • July 2022: $216,760,000
    • July 2021: $252,900,000
    • Increase/Decrease: -14.3%

Bladen County

  • New Listings
    • July 2022: 10
    • July 2021: 10
    • Increase/Decrease: 0%
  • Units Sold
    • July 2022: 6
    • July 2021: 12
    • Increase/Decrease: -50%
  • Average Sales Price
    • July 2022: $261,333
    • July 2021: $212,383
    • Increase/Decrease: +23%
  • Total Sales Volume
    • July 2022: $1,570,000
    • July 2021: $2,550,000
    • Increase/Decrease: -38.4%

Columbus County

  • New Listings
    • July 2022: 44
    • July 2021: 28
    • Increase/Decrease: +57.1%
  • Units Sold
    • July 2022: 32
    • July 2021: 21
    • Increase/Decrease: +52.4%
  • Average Sales Price
    • July 2022: $192,787
    • July 2021: $212,732
    • Increase/Decrease: -9.4%
  • Total Sales Volume
    • July 2022: $6,170,000
    • July 2021: $4,480,000
    • Increase/Decrease: +37.7%

Robeson County

  • New Listings
    • July 2022: 4
    • July 2021: 5
    • Increase/Decrease: -20%
  • Units Sold
    • July 2022: 5
    • July 2021: 5
    • Increase/Decrease: 0%
  • Average Sales Price
    • July 2022: $107,700
    • July 2021: $183,360
    • Increase/Decrease: -41.3%
  • Total Sales Volume
    • July 2022: $538,500
    • July 2021: $916,800
    • Increase/Decrease: -41.3%

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.

May
20

Majority of homes in Brunswick County sell in 5 days or less

SHALLOTTE, N.C. - Brunswick County Association of Realtors

Thanks to tight inventory and strong demand, homes sold in rapid-fire fashion in Brunswick County during April. A majority of homes sold spent less than five days on the market last month, and homes spent an average of 25 days on the market.

"Thanks to strong demand and a limited inventory of available homes, Brunswick County once again saw a strong seller's market in April," said BCAR CEO Cynthia Walsh. "Homes sold in rapid-fire fashion last month, with a majority spending five days or less on the market. Additionally, a number of homes sold for more than list price, likely a result of sellers receiving multiple offers. The combination of strong demand and limited inventory once again drove prices upward. Our market remains intensely competitive, and serious buyers would benefit from working with a professional REALTOR®."

Brunswick County saw $217,860,000 in total sales volume in April 2022, a 4.6% decrease from last April's $228,350,00. New listings dropped 7.1%, from 631 to 586, the lowest differential since the beginning of 2022. As of May 10, there were only 481 active listings. The number of units sold in April dropped 22.5% compared to last year, from 622 to 482, and 54% of the homes sold spent five days or less on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, is one month. The average sales price increased 23.1%, from $367,127 to $451,993. Brunswick County's luxury market remained strong in April, with 19 sales in excess of $1 million, including a $3.2 million sale on Bald Head Island and a $2.8 million sale in Holden Beach.

Year-to-date totals are following a similar pattern. Year-to-date sales volume through April is $774,220,000, down 2.4% from $793,649,429 last year. Average sales prices are 22.4% higher than last year, increasing from $359,971 to $440,574. The number of units sold through April is down 20.1%, from 2199 to 1757, and the number of new listings is down 16.9%, from 2438 to 2026. Year-to-date there were 73 sales in excess of $1 million, up from 44 at the same time last year.

Brunswick County

New Listings

  • April 2022: 586
  • April 2021: 631
  • Increase/Decrease: -7.1%

Units Sold

  • April 2022: 482
  • April 2021: 622
  • Increase/Decrease: -22.5%

Average Sales Price

  • April 2022: $451,993
  • April 2021: $367,127
  • Increase/Decrease: +23.1%

Median Sales Price

  • April 2022: $379,450
  • April 2021: $295,000
  • Increase/Decrease: +28.6%

Total Sales Volume

  • April 2022: $217,860,000
  • April 2021: $228,350,000
  • Increase/Decrease: -4.6%

Bladen County

New Listings

  • April 2022: 8
  • April 2021: 11
  • Increase/Decrease: -27.3%

Units Sold

  • April 2022: 11
  • April 2021: 10
  • Increase/Decrease: +10%

Average Sales Price

  • April 2022: $284.945
  • April 2021: $149.165
  • Increase/Decrease: +91%

Total Sales Volume

  • April 2022: $3,130,000
  • April 2021: $1,490,000
  • Increase/Decrease: +110.1%

Columbus County

New Listings

  • April 2022: 43
  • April 2021: 38
  • Increase/Decrease: +13.2%

Units Sold

  • April 2022: 26
  • April 2021: 27
  • Increase/Decrease: -3.7%

Average Sales Price

  • April 2022: $193,492
  • April 2021: $118,600
  • Increase/Decrease: +63.1%

Total Sales Volume

  • April 2022: $5,030,000
  • April 2021: $3,200,000
  • Increase/Decrease: +57.2%

Robeson County

New Listings

  • April 2022: 7
  • April 2021: 8
  • Increase/Decrease: +75%

Units Sold

  • April 2022: 6
  • April 2021: 3
  • Increase/Decrease: +100%

Average Sales Price

  • April 2022: $150,167
  • April 2021: $148,167
  • Increase/Decrease: +1.3%

Total Sales Volume

  • April 2022: $901,000
  • April 2021: $444,500
  • Increase/Decrease: +102.7%

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.

April
18

Selling a home for the best price is tricky to pull off. Here's how you can ensure you sell at the price you want.

Sooner or later, most homeowners will face selling their home and moving elsewhere. Many life situations can necessitate the sale of a home — change of jobs, marriage, divorce, retirement, or simply the quest for a "dream home." Regardless of the reason, you may be contemplating listing your home among Southport homes for sale.

Click Here to Read More...

March
18

Same Story, Different Month

SHALLOTTE, N.C. — Brunswick County Association of Realtors

Brunswick County's residential real estate market continued a familiar pattern in February, with higher prices, fewer new listings and low inventory. Thanks to the increase in average sale prices, total sales volume jumped 6.5% despite a 17.3% drop in homes sold.

"When it comes to our real estate market's performance in February, it's 'same story, different month,'" said BCAR CEO Cynthia Walsh. "We continue to see fewer listings, and inventory is at a 12-month low. Additionally, the number of active listings dropped nearly 45% from January to February. The tight inventory, coupled with strong demand and a strong luxury market, is driving average sale prices and total sales volume upward. We continue to see a strong seller's market with plenty of interested buyers, but not enough homes to accommodate them."

Brunswick County saw $175,080,000 in total sales volume in February 2022, a 6.5% increase from last February's $164,449,429. New listings dropped 22.2%, from 563 to 438, and the number of units sold dropped 17.3% compared to last year, from 463 to 383. The absorption rate, which is the amount of time it would take to sell all available inventory, is less than one month, and homes are spending an average of 30 days on the market. The average sales price increased 28.7%, from $355,182 to $457,130. Brunswick County once again saw a strong luxury home market in February, with 19 sales in excess of $1 million, two sales in excess of $3 million and two in excess of $2 million.

Total sales volume is ahead of last year's record pace, while the number of homes sold is down. The total year-to-date sales volume in 2022 is $336,520,000, up from $328,339,429 last year, a 2.5% increase. Average sales prices are 10% higher than last year, jumping from $398,772 to $438,770. The number of units sold through February is down 17.3%, dropping from 928 to 767. Brunswick County has seen 825 new listings this year, down from 1,115 at the same point last year, a 26% drop.

Brunswick County

New Listings

  • February 2022: 438
  • February 2021: 563
  • Increase/Decrease: -22.2%

Units Sold

  • February 2022: 383
  • February 2021: 463
  • Increase/Decrease: -17.3%

Average Sales Price

  • February 2022: $457,130
  • February 2021: $355,182
  • Increase/Decrease: +28.7%

Median Sales Price

  • February 2022: $356,991
  • February 2021: $292,000
  • Increase/Decrease: +22.3%

Total Sales Volume

  • February 2022: $175,080,000
  • February 2021: $164,449,429
  • Increase/Decrease: +6.5%

Bladen County

New Listings

  • February 2022: 10
  • February 2021: 10
  • Increase/Decrease: +0.0%

Units Sold

  • February 2022: 13
  • February2021: 9
  • Increase/Decrease: +44.4%

Average Sales Price

  • February2022: $151,215
  • February 2021: $135,800
  • Increase/Decrease: +11.4%

Total Sales Volume

  • February 2022: $1,970,000
  • February 2021: $1,222,200
  • Increase/Decrease: +61.2%

Columbus County

New Listings

  • February 2022: 33
  • February 2021: 23
  • Increase/Decrease: +43.5%

Units Sold

  • February 2022: 19
  • February 2021: 20
  • Increase/Decrease: -5.0%

Average Sales Price

  • February 2022: $174,666
  • February 2021: $148,525
  • Increase/Decrease: +17.6%

Total Sales Volume

  • February 2022: $3,320,000
  • February 2021: $2,990,500
  • Increase/Decrease: +11.0%

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.

February
26

February 15, 2022 -  Brunswick County Association of Realtors

Brunswick County's residential real estate market saw fewer homes sold in January due to inventory being at an all-time low. Total sales volume was only down 1.5% thanks to higher average sale prices, which were fueled by the low inventory, strong demand, and strong luxury sales.

"As usual, January came with broken resolutions, bad weather and fewer homes sold," said BCAR CEO Cynthia Walsh. "Inventory is extremely low, which makes it harder for buyers to find the right home. Working with a professional REALTOR® who can help them navigate this competitive market is a must for homebuyers. The market is positioned to remain in a seller's market for the foreseeable future."

Brunswick County saw $161,440,000 in total sales volume in January 2022, a 1.5% decrease from last January's $163,890,000. New listings dropped 29.9%, from 552 to 387, and the number of units sold was down 17.4%, from 465 to 384. Active listings decreased 40.8% compared to January of 2021, from 1122 to a 12-month low of 664. The absorption rate, which is the amount of time it would take to sell all available inventory, is at an all-time low of 40 days. The average sales price increased 19.3%, from $352,452 to $420,409. In January of 2022 there were 11 sales in excess of $1 million, with two sales in excess of $2 million. Additionally, 26% of all homes sold in January went for more than $500,000.

"With little to no inventory, few new listings, and selling prices continuing to rise, the luxury sales are leading the way for a strong market in 2022. We expect a continuation of the conditions we saw last year," said Walsh.

Brunswick County

New Listings

  • January 2022: 387
  • January 2021: 552
  • Increase/Decrease: -29.9%

Units Sold

  • January 2022: 384
  • January 2021: 465
  • Increase/Decrease: -17.4%

Average Sales Price

  • January 2022: $420,409
  • January 2021: $352,452
  • Increase/Decrease: +19.3%

Median Sales Price

  • January 2022: $335,470
  • January 2021: $289,000
  • Increase/Decrease: +16.1%

Total Sales Volume

  • January 2022: $161,440,000
  • January 2021: $163,890,000
  • Increase/Decrease: -1.5%

Bladen County

New Listings

  • January 2022: 11
  • January 2021: 5
  • Increase/Decrease: +120.0%

Units Sold

  • January 2022: 8
  • January 2021: 6
  • Increase/Decrease: +33.3%

Average Sales Price

  • January 2022: $224,038
  • January 2021: $202,167
  • Increase/Decrease: +10.8%

Total Sales Volume

  • January 2022: $1,790,000
  • January 2021: $1,210,000
  • Increase/Decrease: +47.9%

Columbus County

New Listings

  • January 2022: 23
  • January 2021: 24
  • Increase/Decrease: -4.2%

Units Sold

  • January 2022: 17
  • January 2021: 14
  • Increase/Decrease: +21.4%

Average Sales Price

  • January 2022: $189,618
  • January 2021: $190,321
  • Increase/Decrease: -0.4%

Total Sales Volume

  • January 2022: $3,220,000
  • January 2021: $2,660,000
  • Increase/Decrease: +21.1%

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.

January
26

January 14, 2022 - Brunswick County Association of Realtors 

Brunswick County's residential real estate market demonstrated remarkable consistency throughout 2021, ending the year with almost $3 billion in total sales. New listings and units sold were up slightly compared to 2020. Total sales volume was up 26.1% compared to 2020's record-breaking numbers, with the increase driven in large part by higher average sale prices.

"2020's record sales totals foreshadowed the numbers we saw in 2021," said BCAR CEO Cynthia Walsh. "Thanks to continued strong demand and limited inventory, homes are selling quickly and at higher prices. Additionally, we saw an unprecedented number of luxury home sales in 2021. We see no indications of a drop in demand in the near future, so sales volume in January will likely be driven by available inventory. Our market remains in strong shape to kick off the New Year."

Total sales volume increased from $2,144,523,000 in 2020 to $2,703,339,429 in 2021. The number of new listings were up 2.4%, from 6992 to 7157, and the number of units sold increased 7.8%, from 6285 to 6777. Average sales prices were up 19.3% compared to 2020, jumping from $334,251 to $398,774. The increase in average sale prices was fueled in part by a strong luxury market: the number of luxury sales jumped from 127 in 2020 to 229 in 2021, and luxury sales comprised nearly 3.5% of the market. Brunswick County's largest transaction in 2021 was a $6.1 million residence on Bald Head Island.

When it comes to December's numbers, new listings and units sold were down slightly, total sales volume increased, and homes are spending less time on the market. Total sales volume increased 12.9% compared to December 2020, from $214,510,000 to $242,240,000, and average sales prices were up 18.3%, from $371,768 to $439,631. The increase in average sales prices was largely driven by luxury sales, as was the case throughout 2021. December saw 27 sales of $1 million or higher, with the largest being a $3.75 million transaction.

"December saw the highest number of homes sold in the fourth quarter, which is odd given that December is historically the slowest sales month of the year," said Walsh. "Prices are up, and the number of pending sales dropped to 400 in December. While the drop in pending sales could foreshadow a decrease in January, we expect the numbers to remain strong given that homes have been selling quickly."

The number of new listings dropped 4.4% in December, from 385 to 368, and the number of units sold was down 4.5%, from 577 to 551. Homes are spending 30 days or less on the market, depending on location, which is a drop of roughly half since December 2020.

 

Brunswick County

New Listings

  • December 2021: 368
  • December 2020: 385
  • Increase/Decrease: -4.4%

Units Sold

  • December 2021: 551
  • December 2020: 577
  • Increase/Decrease: -4.5%

Average Sales Price

  • December 2021: $439,631
  • December 2020: $371,768
  • Increase/Decrease: +18.3%

Median Sales Price

  • December 2021: $359,000
  • December 2020: $295,000
  • Increase/Decrease: +21.7%

Total Sales Volume

  • December 2021: $242,240,000
  • December 2020: $214,510,000
  • Increase/Decrease: +12.9%

Bladen County

New Listings

  • December 2021: 12
  • December 2020: 7
  • Increase/Decrease: +71.4%

Units Sold

  • December 2021: 8
  • December 2020: 7
  • Increase/Decrease: +14.3%

Average Sales Price

  • December 2021: $256,863
  • December 2020: $292,851
  • Increase/Decrease: -12.3%

Total Sales Volume

  • December 2021: $2,050,000
  • December 2020: $2,050,000
  • Increase/Decrease: 0.0%

Columbus County

New Listings

  • December 2021: 16
  • December 2020: 9
  • Increase/Decrease: +77.8%

Units Sold

  • December 2021: 27
  • December 2020: 24
  • Increase/Decrease: +12.5%

Average Sales Price

  • December 2021: $192,142
  • December 2020: $173,979
  • Increase/Decrease: +10.4%

Total Sales Volume

  • December 2021: $5,190,000
  • December 2020: $4,180,000
  • Increase/Decrease: +24.2%

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.

December
22

December 22, 2021 - Brunswick County Association of Realtors 

Brunswick County's residential real estate market saw higher prices, higher sales volume and a tight inventory of available homes in November. The market remains ahead of 2020's record pace in terms of total sales volume for the year. While the number of units sold in November was down slightly, total sales volume increased 10.2% compared to 2020, and new listings were down 13.5%.

"Our market has been amazingly resilient throughout 2021," said BCAR CEO Cynthia Walsh. "We continue to see strong demand and a tight inventory, which results in homes selling quickly and at higher prices. In addition, a strong luxury home market continues to fuel our higher average sale price. The bottom line is that our market is in good shape as 2021 comes to a close."

Brunswick County saw $205,540,000 in total sales volume in November 2021, a 10.2% increase from last November's $186,450,000. New listings dropped 13.5%, from 547 to 473, and the number of units sold decreased 5.6%, from 533 to 503. The market saw a net increase of 30 new listings, which reflects the difference between units sold and new listings. The average sales price increased 16.8%, from $349,811 to $408,628, and was fueled in part by luxury home sales. November saw 19 sales in excess of $1 million, with the highest being a $2.4 million transaction. The average number of days on the market is down slightly at 27 days, with a median of nine days.

Overall, Brunswick County's year-to-date numbers are still ahead of 2020's pace. Total sales volume is up 27.5% compared to the same point in 2020, increasing from $1,930,013,000 to $2,461,099,429. Average sales prices for the year are up 19.4%, from $330,840 in 2020 to $395,059 in 2021. The number of units sold through November is up 9.1%, from 5,708 to 6,226. The number of new listings for the year saw a slight 2.8% increase, from 6,607 to 6,789.

Brunswick County

New Listings

  • November 2021: 473
  • November 2020: 547
  • Increase/Decrease: -13.5%

Units Sold

  • November 2021: 503
  • November 2020: 533
  • Increase/Decrease: -5.6%

Average Sales Price

  • November 2021: $408,628
  • November 2020: $349,811
  • Increase/Decrease: +16.8%

Median Sales Price

  • November 2021: $330,000
  • November 2020: $280,000
  • Increase/Decrease: +17.9%

Total Sales Volume

  • November 2021: $205,540,000
  • November 2020: $186,450,000
  • Increase/Decrease: +10.2%

Bladen County

New Listings

  • November 2021: 11
  • November 2020: 5
  • Increase/Decrease: +120.0%

Units Sold

  • November 2021: 14
  • November 2020: 14
  • Increase/Decrease: 0.0%

Average Sales Price

  • November 2021: $281,854
  • November 2020: $192,211
  • Increase/Decrease: +46.6%

Total Sales Volume

  • November 2021: $3,950,000
  • November 2020: $2,690,000
  • Increase/Decrease: +46.8%

Columbus County

New Listings

  • November 2021: 22
  • November 2020: 22
  • Increase/Decrease: 0.0%

Units Sold

  • November 2021: 24
  • November 2020: 22
  • Increase/Decrease: +9.1%

Average Sales Price

  • November 2021: $198,496
  • November 2020: $131,506
  • Increase/Decrease: +50.9%

Total Sales Volume

  • November 2021: $4,760,000
  • November 2020: $2,890,000
  • Increase/Decrease: +64.7%

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.

November
24

Last month, Brunswick County's residential real estate market saw its first significant drop in monthly sales volume and increase in inventory so far this year. Total sales volume in October was down 19.5% compared to 2020. The only other month with a drop in total sales volume so far this year is August, which saw a slight 0.7% decrease. The market also saw 135 new listings in October.

"While our market remains ahead of last year's record pace, sales volume was down slightly in October compared to 2020," said BCAR CEO Cynthia Walsh. "Even though some national experts think the market may be in the early stages of a cool-down, Brunswick County's market remains consistent. Prices are up, and homes are selling quickly. We expect our market to remain strong moving into Winter."

Brunswick County saw $210,450,000 in total sales volume in October 2021, a 19.5% decrease from last October's $261,340,000, with luxury sales contributing almost $36,000,000. There were 23 sales in excess of $1 million last month, with the highest being $2.75 million. New listings dropped 6.0% compared to last October, from 662 to 622. The number of units sold decreased 27.3%, from 670 to 487, but pending sales are up 24% over last month. Homes are averaging 30 days on the market, and homes listed below $299,000 are spending 15 days or less on the market. The average sales price increased from $390,062 to $432,131, a 10.8% increase fueled by strong luxury home sales.

The market's year-to-date numbers remain ahead of last year's pace. Total sales volume is up 29.4% compared to 2020, increasing from $1,743,563,000 to $2,255,559,429. Average sales prices are 19.7% higher than 2020, jumping from $328,943 to $393,703. The number of units sold through October is up 10.6%, from 5,175 to 5,723. New listings increased 4.2%, from 6,060 to 6,316.

Brunswick County

New Listings

  • October 2021: 622
  • October 2020: 662
  • Increase/Decrease: -6.0%

Units Sold

  • October 2021: 487
  • October 2020: 670
  • Increase/Decrease: -27.3%

Average Sales Price

  • October 2021: $432,131
  • October 2020: $390,062
  • Increase/Decrease: +10.8%

Median Sales Price

  • October 2021: $343,168
  • October 2020: $311,500
  • Increase/Decrease: +10.2%

Total Sales Volume

  • October 2021: $210,450,000
  • October 2020: $261,340,000
  • Increase/Decrease: -19.5%

Bladen County

New Listings

  • October 2021: 9
  • October 2020: 9
  • Increase/Decrease: 0.0%

Units Sold

  • October 2021: 18
  • October 2020: 12
  • Increase/Decrease: +50.0%

Average Sales Price

  • October 2021: $188,289
  • October 2020: $134,058
  • Increase/Decrease: +40.5%

Total Sales Volume

  • October 2021: $3,390,000
  • October 2020: $1,610,000
  • Increase/Decrease: +110.6%

Columbus County

New Listings

  • October 2021: 37
  • October 2020: 30
  • Increase/Decrease: +23.3%

Units Sold

  • October 2021: 29
  • October 2020: 23
  • Increase/Decrease: +26.1%

Average Sales Price

  • October 2021: $192,366
  • October 2020: $152,230
  • Increase/Decrease: +26.4%

Total Sales Volume

  • October 2021: $5,580,000
  • October 2020: $3,500,000
  • Increase/Decrease: +59.4%

Source: The Brunswick County Association of REALTORS® (BCAR)  http://www.bcarnc.com

September
17

Brunswick County's residential real estate market once again saw increased prices and low inventory in August. While total sales volume was slightly down in August, total year-to-date sales volume is up 44.5% compared the same month last year.

"On the surface it might seem like last month saw a slight downturn, but when you look closely, the big picture shows that the market is maintaining strength." said BCAR CEO Cynthia Walsh. "Overall, the market is stable and with year-to-date sales up 44.5%, it is more than a possibility we will reach $2 billion in sales before the 4th quarter."

In August 2021 Brunswick County saw $246,620,000 in total sales, a 0.7% decrease from last August's $248,323,000. Despite this decrease, total year-to-date sales are up 44.5% compared to 2020, increasing from $1,244,333,000 to $1,797,989,429.

While number of units sold fell slightly with a 11.1% decrease from 667 to 593, the six-month average remains consistent at approximately 600 – 650 sales a month. The average sales price increased 11.7%, from $372,449 to $415,883, fueled by a higher number of luxury home sales. One hundred and twelve homes sold between $500,000 – $999,999 and 23 homes sold for over $1 million, with the largest two sales being over $3 million.

Average sale prices for the year are up 20.4% compared to last year, increasing from $318,948 to $338,919, and the number of units sold through August is up from $3,820 to $4,666, a 22.1% increase. Demand is high with listings on the market for about 20 days. New listings in August 2021 saw a 7.2% increase, growing from 636 to 682.

Brunswick County

New Listings

  • August 2021: 682
  • August 2020: 636
  • Increase/Decrease: +7.2%

Units Sold

  • August 2021: 593
  • August 2020: 667
  • Increase/Decrease: -11.1%

Average Sales Price

  • August 2021: $415,883
  • August 2020: $372,449
  • Increase/Decrease: +11.7%

Total Sales Volume

  • August 2021: $246,620,000
  • August 2020: $248,323,000
  • Increase/Decrease: -0.7%

Bladen County

New Listings

  • August 2021: 20
  • August 2020: 7
  • Increase/Decrease: +185.7%

Units Sold

  • August 2021: 13
  • August 2020: 3
  • Increase/Decrease: +333.3%

Average Sales Price

  • August 2021: $232,469
  • August 2020: $700,000
  • Increase/Decrease: -66.8%

Total Sales Volume

  • August 2021: $3,020,000
  • August 2020: $2,100,000
  • Increase/Decrease: +43.8%

Columbus County

New Listings

  • August 2021: 37
  • August 2020: 33
  • Increase/Decrease: +12.1%

Units Sold

  • August 2021: 33
  • August 2020: 26
  • Increase/Decrease: +26.9%

Average Sales Price

  • August 2021: $246,548
  • August 2020: $162,583
  • Increase/Decrease: +51.6%

Total Sales Volume

  • August 2021: $8,140,000
  • August 2020: $4,230,000
  • Increase/Decrease: +92.4%

Source: The Brunswick County Association of REALTORS® (BCAR)  http://www.bcarnc.com.

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)

March
26

Source: Brunswick County Association of Realtors, Cynthia Walsh, CAE, RCE, ePro, C2EX

February
23

Few of us could have imagined the changes 2020 had in store for us this time last year.  Changes to our work lives, schooling, finances and retirement plans, travel plans and commute times, family organization, even cooking, outdoor activities and other hobbies have been transformed. For some of us, there's been a growing mismatch between the home we've loved for years and the way we live now.

Even if you're happy in your current home and it fits you to a tee, you owe it to yourself to consider the market.  Let us help you identify the opportunities that make up the silver lining of a very difficult year. It may be that the perfect buyer for your home is out there right now.  You might maximize the utility of your home by selling it now and moving ahead to your next real estate investment that will better accommodate your needs in the future. 

Q.     What about the upgrades I was planning to make to my outdated kitchen? I want to get top dollar for my home!

A.     Many buyers would prefer to choose their own appliances and finishes.  A good Buyer's Agent will help them connect with qualified professionals to do the work on a convenient schedule after they take possession of the home. Instead of making cosmetic improvements, focus your energy on any functional repairs that may be needed.  The point is to reinforce the idea that your home has been well-maintained.  You can look forward to putting your creative energies into a new home!

Q.     Where will I move ?

A.     Wherever you want!  See something you like? Let us approach the current owner and make inquiries on your behalf.  Your interest might persuade someone else who just happens to be "sitting on the fence" at the moment.  We can also find you a "lot and home package."  Builders often buy vacant land for future spec projects at very low prices. Many of them are more than happy to sell under the condition that you use them to construct the new home.  This can represent a great value for the buyer since they'll already have plans selected that suit the location and meet local building codes.  You'll often have the added advantage of choosing your appliance package, paint colors, hardware and other features without having to pay the higher price of a truly custom home. 

 Q.     Life is so hectic these days.  I don't have time to drive around looking at things or spend hours online.

A.     You don't have to, that's our job!  We can be sure that you're notified as soon as something new comes on the market that meets your specific criteria.  If you need three bedrooms, you will only see homes with three bedrooms, not two, and not four.  You'll be surprised at the way we're able to customize our searches by the school district, distance from the beach, community amenities, and of course the features of the home itself.  We also see a wider range of options coming on the market now.  Some people are letting go of their primary residence to move to their second home full-time.  Some are getting out of their rental investments and some are letting go of investments in land. We will help you explore all the options.

 Q.     How will I manage to afford it?  Times are tough!

A.     You might be surprised.  Talk to your banker or credit union representative.  Rates are still at near all-time lows and getting pre-approved makes any offer you do make all the more attractive.  For some, working from home means being able to save money on their commute to work.  It may also mean you can relocate to a neighborhood with no POA fees, lower taxes, lower insurance rates, or simply a lower price per square foot.  More people are also combining households these days. What was once the 'down-sized' retirement home for someone who has decided to move in with adult children might be the perfect next home for you!

 Q.     We want to wait and sell at the top of the market.  Are we there yet?

A.     You never really know where the top of the market is, until it's already in the past. This is why "market timing" doesn't actually work when it comes to selling real estate. By the time you notice a slight drop in closed prices, everyone else sees it too.  And those closed prices are based on contracts signed 30-60 days or more in the past! There will be a slight increase in inventory at this point because nobody wants to miss the opportunity to realize their home's top value.  That's understandable but increased supply means decreased relative demand.  Prospective buyers will also think they might gain some advantage by waiting a bit longer. They feel no urgency anymore. Additionally, homes don't typically sell the moment they're listed. The idea of market timing is based on automated sell orders you can set for stock market investments. The mechanics of this situation are just not the same. Another, often overlooked, reason for selling before you see the absolute peak is what we like to call "instant equity." When you anticipate the market, your new home's value will be lifted as we crest the peak of top pricing. That value becomes yours as equity, while you continue to pay the low mortgage rates locked in shortly before your closing date.

 Q.     What's the next step? How do I begin the process of listing my home?

A.     You've heard you should never expect something for nothing, but that's not entirely true.  The first thing a good listing agent will do is gather information for a comparative market analysis.  We do that for free, before you sign any sort of contract, so you will know where you stand in a competitive market.  It's also the only way for us to develop an appropriate marketing plan.  We have the tools to present your home to the pool of most likely buyers as soon as it's listed.  Whether that means including it in the Luxury Portfolio program, or digging into our contact lists for the new buyer who has been waiting to leave a long-term rental for a new home that is just the right fit. We're hearing from lots of folks who want to downsize as well as those who want more space, or just more flexible space. And we're always active with relocation clients. Don't forget, we've been turning visitors into locals since 1981!

Drop us an email or give us a call.  We look forward to hearing from you!

 

January
25

Cleaning Tips

Winter is a fantastic time to deep clean your home. Our real estate agents also recommend that you thoroughly clean your home before an open house or showing. Follow these tips to get your space cleaner than ever. 

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October
26

Pet Owners Selling HomeHaving a pet in your family makes your house feel even more like home. Unfortunately, not all buyers are thrilled about having a four-legged friend as a prior resident — especially if they have pets themselves. Our real estate agents understand that you have a lot on your plate as you sell your home. We want to take a moment to remind you that there are a few additional tasks to add to your to-do list if you're selling a home that housed a pet. Pet owners should complete these duties before a showing.

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August
10

Declutter Your Home

Clutter has a way of catching you off guard. Even if you're a naturally tidy person, it can seem like as soon as you turn your back, clutter sneaks up and becomes a problem overnight. 

Lately, we've all been spending a lot more time at home than we're used to, which is why our REALTORS® are particularly eager to share some de-cluttering tricks. Here's how you can enjoy a cleaner, less cluttered home this summer. 

Benefits of Decluttering

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June
8

Features Buyers are Looking forThe real estate market sees numerous changes each year with new trending features to entice homebuyers. The coronavirus, homeschooling, and working remotely have many families looking to expand their living space to accommodate all the changes. Whether you are selling or viewing Southport homes for sale, it's important to know the current trends.

When looking for a new home, every buyer has a specific list of essential features. Your home is more than just a house; it's your sanctuary. Right now, buyers want specific features for a comfortable and efficient living space. Check out the following five growing trends for homebuyers in 2020.

  1. Extra Space
    Before the recent health crisis, working remotely at home was a growing trend. Now to stay healthy, more individuals are working from home. For cost efficiency, many employers will continue to have their employees work at home in the future. Meeting the demands of working from home requires a private area to conduct business and close off the rest of the household. Homebuyers are looking for houses with extra bedrooms or other areas to transform into a home office.
  2. Two Bathrooms or More
    With everyone at home, the bathroom is a busy location. Increased use means a lot of traffic. If your current home only has one bathroom, the extra use may be overwhelming for your system to handle. Numerous homebuyers want at least two full baths or an extra half-bathroom to meet the needs of the family.
  3. Large Kitchen Space
    With the preparation of more meals at home, kitchen space is essential to meet the demands of daily cooking. The ideal kitchen would have extra space off to the side for a large pantry to stock up on necessities. A spacious kitchen is a growing trend taking over the preference of sizeable formal dining areas. A kitchen is an ideal location for family meals with quick and easy cleanup. The extra space is also an excellent area for doing schoolwork or entertaining.
  4. Backyard Space
    Spacious backyards are a welcome feature for numerous homebuyers. After all, when staying close to home, your outdoor living space is essential. Homebuyers want space for family entertainment and maybe a patio for enjoying summer evenings and meals. 
  5. Energy Efficient
    Home's with energy-efficient upgrades were already gaining popularity with homebuyers. Now with more people working at home and using electricity all day long, these features are even more desirable. A highly efficient HVAC system helps reduce your energy consumption and saves money. Plus, windows should be Energy Star qualified to help reduce heat or cooling loss. 

When selling your home, it's important to know what homebuyers are looking for in their search. 

Starting a search of your own? If you need help finding the right home for you and your family, our real estate agents are ready to help. Contact us today. We will find the ideal home match for you.  

November
18

Open House Checklist

It all leads up to this — the open house. All of your hard work in and around your home is now ready to be showcased for prospective buyers. Getting to the open house stage is no easy feat, and you should feel excitement mixed with pride as you prepare to entertain the buyer's offers. Before you open the doors to your home, you want to make sure you're all squared away. To give you a helping hand, our real estate agents created the ultimate open house checklist to prepare you and your home.

  • Hire a cleaning service. These professionals will make your home look and smell fresh. Consider scheduling them the day before the viewing and once a week until you're under contract.

  • Hire a lawn care service. Another group of dedicated professionals, these talented landscapers will optimize your curb appeal. Consider having them make weekly or biweekly visits.

  • Clean your driveway, sidewalk, and curb. Unfortunately, trash or debris on the sidewalk and street are out of your control, but you should try to keep an eye out for these items the morning before the viewing. Be sure to sweep your driveway, walkway, and porch as well.

  • Remove personal belongings. Any objects in your home that are individualized should be removed. This includes photographs, souvenirs, memorabilia, or other furnishings viewed as intimate or personal.

  • Lockup or remove valuables. Anything that "has legs" should be kept out of view. This includes jewelry, important personal documents, money, or other valuable trinkets that are not decoration.

  • Consider renting a temporary storage space. You may want to remove the majority of your possessions before the showing to make room for staging materials. If you're selling before purchasing your next home, renting a storage unit will help you keep everything organized.

  • Choose an appropriate time for your open house. You want your open house to be a success, but the wrong day or time could prevent that from happening. Sunday afternoons are typically the best time. Avoid major holidays if possible.

  • Advertise effectively. To get the best turnout, you need to rely on more than street traffic. Open house signs in the yard or around the neighborhood are effective, but you also need to use other resources. Social media and email marketing are exceptional, especially since you can track their analytics. You may also consider putting ads in a local newspaper. 

  • Create a brochure. Give your visitors something to take home in the form of an informative brochure. Highlight the best features of the home and include high-resolution photographs.

  • Stage the space professionally. Staging companies will transform your home into a space that feels inviting and livable to a wide audience of buyers.  

  • Offer snacks and beverages. Create a friendly and welcoming atmosphere with refreshments. This will make the event seem more sociable for guests.

  • Don't hover or follow guests around. If possible, avoid participating in the open house. Your real estate agent will provide your guests with all of the information they need.

  • Encourage them to sign in and follow up on their visit. Feedback from your guests will help you either engage interested buyers or discover why they aren't interested in the features of your home.

Would you like to learn more helpful tips on listing and showing Southport homes for sale? Contact us today!

March
11

Spring Home Maintenance-Margaret Rudd & Associates

There's something timeless and boundless about watching the ocean and feeling that salty wind in your face. Maybe that's why we're so enamored with living near it, taking in all the sea has to offer.   

But for a North Carolina house, being by the sea can be damaging, with exposure to salt, sand, and wind. Salt is corrosive and ever-present in the air and water. Wind, carrying tiny grains of sand, batters and scours your home's exterior. You should be mindful of the extra attention it may need and make sure your maintenance schedule includes specific tasks.  

If your home is one of the Southport homes for sale, our REALTORS® recommend regularly doing the following. 

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February
11

Home Seller's Anxiety-Margaret Rudd & Associates

No matter how prepared you are, selling your home can create an emotional whirlwind. There's the excitement of getting your home in amazing shape, the relief of finally getting the right offer, and the anticipation of what comes next. On the other hand, there's also concern about whether you'll find a buyer, uncertainty about which offers to accept, and the major stress of waiting for the deal to finally go through.

While there's always going to be some anxiety involved in the home selling process, our REALTORS® want you to relax and enjoy the ride. The following five tips will help you sell your home without the stress. 

  1. Get Your Home in Tip-Top Shape
    There are a ton of great Southport homes for sale, so you'll want to make sure yours stands out from the crowd. This means putting in some elbow grease to improve your curb appeal, make necessary repairs, and freshen up your space.

    Once your listing goes live, you'll have peace of mind in knowing you've done everything you can to make sure potential buyers fall in love with your home.

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January
14

Moving to Holden Beach - Margaret Rudd & Associates

Whether you are shopping for Holden Beach homes or have already purchased one, you'll soon be moving. Pulling up stakes and moving to a new home and community is exciting, especially if you will be a first-time homeowner. However, moving is also a complicated and stressful process, and it can be quite easy to forget important details along the way. Knowing about the most common mistakes made by others can help you avoid making them yourself, so here are seven things people often forget to do during a move:

  1. Collect Important Documents – This is a task that should be on your to-do list several weeks before moving. It can take some time to get many documents, such as family medical records, prescription lists, immunization records, school records, and other official documents. Other essential papers to collect and keep track of carefully during a move include insurance policies, tax records, financial records, identification documents, wills, and other essential legal documents.

    Click Here to Read More...

December
11

Brunswick County Open House
Holding an open house is a great way to make sure a variety of potential buyers see your home. However, as our REALTORS® will point out, for this to be a useful marketing tool, your home must be in great shape for showing. So what do you need to know to make sure your home is well-prepared to wow potential buyers? Here are six things to do before an open house to sell your Brunswick County Home.

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August
16

Sell a House - Realtor
Selling your home is serious business, and you don't want to hand that task over to just anyone. Our REALTORS® understand that listing your home is a huge decision and a significant step towards your future. Understanding what makes a real estate agent outstanding and taking the time to research before you choose one is well worth the effort. Following are some of the most important factors to consider when deciding just who you will trust with the task of making your home selling process a success.

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June
12

Selling and Buying a Home at the Same Time
It's time to move on. Your family has outgrown your home, you're downsizing, or maybe you're being relocated for work. Whatever the reason, our REALTORS® can help you sell your home and buy another. Buying and selling at the same time isn't always easy. But the good news is you probably learned a lot the first time you bought a house, so you can do this with the help of our real estate pros.

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May
29

Home Inspections
Whether you're buying or selling a home, it's important to understand both the benefits and the process of a home inspection. Both parties will gain clearer insight into the home's structural condition before closing the sale and therefore, be more confident with the final selling price. Our REALTORS® are eager to introduce you to so many beautiful Southport homes for sale, and once we find your dream home, here's what you'll need to know about proceeding with a home inspection. 

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