Brunswick Beacon
By Sunday, January 31, 2021
Brunswick County’s residential real estate market set a new record in 2020 with $2,157,449,018 in total sales volume, up 51.3% compared to 2019
Monthly numbers also hit record highs in December, with increases in homes sold and total sales volume.
“2020 was full of unknowns and uncertainty, but Brunswick County’s real estate market did more than merely stay consistent — it smashed all expectations,” said BCAR CEO Cynthia Walsh. “Total sales for the year topped $2 billion for the first time ever, and we saw record sales in December compared to last year. These numbers are nothing short of amazing, and I’m excited to see what 2021 holds for our market.”
In addition to the increase in sales volume, Brunswick County saw a 6.5% increase in new listings in 2020, going from 6,603 to 7,032. The number of units sold increased by 28.8% from 4,916 to 6,331, and the average sale price increased 17.5%, rising from $290,077 to $340,741. The largest sale of the year was over $3 million; 16 sales were $2 million or greater and 248 sales were between $800,000 to $1 million.
In addition to year-end numbers, the market saw increased sales volume, higher prices and a tightening inventory in December. Total sales volume spiked 65.7% compared to last year, rising from $129.44 million to $214.51 million.
Average sale prices increased 13.7% from $326,857 to $371,768. The number of new listings increased 13.6%, rising from 339 to 385, while the number of units sold increased by 45.7%, from 396 to 577. The inventory of available homes continued to drop, closing out at nearly 1,200 available homes with an absorption rate and days on market of just over two months.
New listings
December 2020: 385
December 2019: 339
Increase/decrease: +13.6%
Units sold
December 2020: 577
December 2019: 396
Increase/decrease: +45.7%
Average sale price
December 2020: $371,768
December 2019: $326,857
Increase/decrease: +13.7%
Total sales volume
December 2020: $214,510,000
December 2019: $129,440,000
Increase/Decrease: +65.7%
Brunswick County 2020 year-end numbers
New listings
2020 Total: 7,032
2019 Total: 6,603
Increase/decrease: +6.5%
Units sold
2020 Total: 6,331
2019 Total: 4,916
Increase/Decrease: +28.8%
Average sale price
2020 Total: $340,741
2019 Total: $290,077
Increase/Decrease: +17.5%
Total sales volume
2020 total: $2,157,449,018
2019 total: $1,426,020,708
Increase/decrease: +51.3%
The Brunswick County Association of Realtors (BCAR) is the local association level of the largest trade association in the nation, presently serving its members consisting 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, go to bcarnc.com.
