High Prices, Tight Inventory

by Oct 5, 2021Real Estate, South Brunswick

Brunswick County Association of Realtors releases August real estate numbers for Brunswick, Columbus and Bladen counties.

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,” says Cynthia Walsh, Brunswick County Association of Realtors CEO. “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.”

Market Trends BCAR Aug 21

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 to 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 and $999,999, and 23 homes sold for over $1 million, with the largest two sales being more than $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.

For more information, visit bcarnc.com.

Year to Date BCAR Market

BRUNSWICK COUNTY
New Listings
August 2021: 682
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%

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