Carolina Plantations Real Estate Blog

Brunswick County Sales Increase 25% Over Last Year

As recently reported, the number of single family homes that sold in Brunswick County, North Carolina, jumped more than 25% in the first quarter of 2015 compared to the same period last year. The majority of these buyers are retirees who want to live near the coast and second home buyers who want to have a vacation home close to the coast. According to a release from the Brunswick County Association of Realtors (BCAR), in the first three months of this year alone, the total for Brunswick, Columbus and Bladen Counties showed a 20.1% increase from 2014 in the number of single family units sold.

“These numbers reinforce the fact that the real estate market in Brunswick, Columbus and Bladen Counties is trending in the right direction,” said Steve Candler, CEO of the BCAR. “Brunswick County has consistently ranked among the fastest growing counties in the state, and we expect this trend to continue.”

At the same time, the Wilmington Regional Association of Realtors reported a 12.6% increase in units sold during the first quarter of 2015 compared to the same period last year, according to Wilmington MLS data. WRAR also reported a 6.87 percent increase in the average sales price over last year. The WRAR statistics cover New Hanover, northern Brunswick and Pender Counties.

As sales and average prices rise in Brunswick County, so do new roofs: so many that the Brunswick County Economic Development Commission is working with the county’s building inspections department to map where new residential construction is occurring. “This, along with the traffic counts that will be undertaken this summer and the up-to-date demographic information we compile, will help us recruit more retail to Brunswick County,” they said.

Single Family Statistics for 1st Quarter in Brunswick County

 

Brunswick, Columbus & Bladen Counties
Single Family Sales -- Units Sold
1st Quarter 2014: 151
1st Quarter 2015: 181
Change: 20.1%

Single Family Sales -- Average Sales Price
1st Quarter 2014: $202,203
1st Quarter 2015: $234,517
Change: 16.0%

Single Family Sales -- Total Sales Volume
1st Quarter 2014: $92,959,484
1st Quarter 2015: $128,209,186
Change: 37.9%

Brunswick County MLS Only
Single Family Sales -- Listings
1st Quarter 2014: 362
1st Quarter 2015: 394
Change: 8.9%

Single Family Sales -- Units Sold
1st Quarter 2014: 134
1st Quarter 2015: 168
Change: 25.4%

Single Family Sales -- Average Sale Price
1st Quarter 2014: $212,232
1st Quarter 2015: $248,681
Change: 17.2%

Single Family Sales -- Total Sales Volume
1st Quarter 2014: $85,763,277
1st Quarter 2015: $124,937,022
Change: 45.7%
 

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