BRUNSWSICK COUNTY REAL ESTATE UPDATE!!
Brunswick County’s residential real estate market remained red-hot in June, with increases across the board. Total year-to-date sales increased 43%, marking over $1 billion in sales for the year so far. The inventory of available homes is at an all-time low, and the average days spent on the market is hovering at just 30 days. Although Brunswick County saw record numbers in 2020, total year-to-date sales reached $1 billion in June of this year, which is two months sooner than last year’s record of August.
“Our market has been nothing short of exciting over the past year,” said BCAR CEO Cynthia Walsh. “Each month I think I can’t be surprised again, and then I look at the numbers. Homes are selling, and they’re selling fast. Brunswick County’s market is as hot as our weather, and I see no signs of it cooling down in the near future.”
Brunswick County saw $257,860,000 in total sales in June 2021, a 43.3% increase over last June’s $179,990,000. The number of units sold jumped 20.4%, from 553 to 666. The average sale price increased 19%, from $325,473 to $387,170. June 2021 saw a 62% decrease in active listings from June 2020, going from 1734 to 664. One hundred forty-seven homes sold between $500,000 - $999,999 and 15 homes sold for over $1 million, with the largest sale being $2.25 million. The absorption rate is at one month.
Total year-to-date sales are up 72.5% compared to 2020, increasing from $752,660,000 to $1,298,469,429. Average sale prices are up 20.9% compared to last year, increasing from $306,857 to $370,896, and the number of units sold is up from 2,433 to 3,485, a 43.2% increase.
Brunswick County
New Listings
June 2021: 678
June 2020: 698
Increase/Decrease: -2.9%
Units Sold
June 2021: 666
June 2020: 553
Increase/Decrease: +20.4
Average Sale Price
June 2021: $387,170
June 2020: $325,473
Increase/Decrease: +19%
Total Sales Volume
June 2021: $257,860,000
June 2020: $179,990,000
Increase/Decrease: +43.3%
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