Real Estate Report

by Jul 26, 2023North Brunswick, Real Estate

Brunswick County’s residential real estate market saw more homes sold in June despite low inventory and fewer new listings.

Brunswick County homes sold quickly in June due to continued strong demand, which combined with a hot luxury market to drive the average sales price upward to almost half a million dollars.

“While increasing mortgage rates and low inventory are impacting buyers and sellers nationwide, the market in Brunswick County is still going strong, we and aren’t far off of last year’s pace,” said Cynthia Walsh, BCAR CEO. “Half of all sales in June were at or above list price, homes sold quickly, and our inventory is still well within seller’s market range. The bottom line is that demand for homes in Brunswick County remains strong.”

Brunswick County saw $270,900,000 in total sales volume in June, a 9.2% increase from $248,140,000 in June 2022.

The average sales price increased 4.7%, from $477,185 to $499,811, and the median sales price increased 1.3%, from $387,634 to $392,655. New listings dropped 17.7%, from 701 to 577.

Market Highlights Brunswick County Real Estate

The number of units sold increased 4.2%, from 520 to 542. Fifty percent of the 542 homes sold in June were sold at or above list price. Brunswick County’s luxury market made a significant impact in June with 30 sales in excess of $1 million, including six sales over $2 million and the highest sale at $3.2 million on Bald Head Island. Thirty-three percent of all sales in were $500,000 or more. Homes spent an average of 55 days on the market and a median of 21 days. The absorption rate, which is the amount of time it would take to sell all the current inventory, is holding steady at two months.

Year-to-date sales volume through June totaled $1,238,510,000, down 4.4% from $1,295,060,000 at the same point in 2022.

The average sales price for the year dipped 2.1% compared to 2022, from $450,333 to $440,865, while the median sales price increased 1.4%, from $361,164 to $366,224. The number of units sold through June fell 6.5% compared to last year, from 2,866 to 2,679, and the number of new listings decreased 5.5%, from 3,488 to 3,295.

Year to date Market Highlights

Brunswick County

• New Listings
o June 2023: 577
o June 2022: 701
o Increase/Decrease: -17.7%

• Units Sold
o June 2023: 542
o June 2022: 520
o Increase/Decrease: +4.2%

• Average Sales Price
o June 2023: $499,811
o June 2022: $477,185
o Increase/Decrease: +4.7%

• Median Sales Price
o June 2023: $392,655
o June 2022: $387,634
o Increase/Decrease: +1.3%

• Total Sales Volume
o June 2023: $270,900,000
o June 2022: $248,140,000
o Increase/Decrease: +9.2%

Bladen County

• New Listings
o June 2023: 12
o June 2022: 15
o Increase/Decrease: -20%

• Units Sold
o June 2023: 10
o June 2022: 11
o Increase/Decrease: -9.1%

• Average Sales Price
o June 2023: $183,280
o June 2022: $218,894
o Increase/Decrease: -16.3%

• Total Sales Volume
o June 2023: $1,830,000
o June 2022: $2,410,000
o Increase/Decrease: -24.1%

Columbus County

• New Listings
o June 2023: 35
o June 2022: 59
o Increase/Decrease: -40.7%

• Units Sold
o June 2023: 21
o June 2022: 33
o Increase/Decrease: -36.4%

• Average Sales Price
o June 2023: $200,837
o June 2022: $205,817
o Increase/Decrease: -2.4%

• Total Sales Volume
o June 2023: $4,220,000
o June 2022: $6,790,000
o Increase/Decrease: -37.8%

Robeson County

• New Listings
o June 2023: 17
o June 2022: 8
o Increase/Decrease: +112.5%

• Units Sold
o June 2023: 9
o June 2022: 5
o Increase/Decrease: +80%

• Average Sales Price
o June 2023: $112,222
o June 2022: $272,380
o Increase/Decrease: -58.8%

• Total Sales Volume
o June 2023: $1,010,000
o June 2022: $1,360,000
o Increase/Decrease: -25.7%

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 bcarnc.com.

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