Although Brunswick County’s residential real estate market surpassed $2 billion in year-to-date sales in October, the number of units sold declined nearly 17%, according to a report compiled by the Brunswick County Association of Realtors.
More than half of all homes sold during October were sold at or above list price, but the number of homes sold during the month dipped 8%, from 487 last October to 448 this October.
The number of units sold through October for the whole year fell from 5,723 to 4,756, and the number of new listings was down 11.3%, from 6,316 to 5,602.
The year-to-date sales volume, though higher than $2 billion, was down nearly 4% from the same period last year, falling from $2.25 billion to $2.16 billion.
In the report, Brunswick County Association of Realtors' (BCAR) CEO Cynthia Walsh played up the market's brighter sides.
“While $2 billion in total sales seemed like an unreachable milestone just a couple of years ago, it doesn’t come as a shock this year given our market’s consistently strong performance month over month,” Walsh stated in the report. “Overall demand remains strong, prices continue to increase, and we continue to see a strong luxury market. Overall, our market is positioned for continued strength as we move into winter.”
According to the report, Brunswick County’s luxury market produced 24 sales in excess of $1 million in October, including three sales over $2 million and a $3.4 million sale in Ocean Isle Beach.
More October numbers are listed below:
Brunswick County
YMCA Eyes Growth With Plans For New, Expanded Facilities
Emma Dill
-
Apr 23, 2024
|
|
Burns, Redenbaugh Promoted At Coastal Horizons
Staff Reports
-
Apr 23, 2024
|
|
Cold Storage Developer Sets Near-port Facility Completion Date
Audrey Elsberry
-
Apr 24, 2024
|
|
Wilmington Financial Firm Transitions To Wells Fargo's Independent Brokerage Arm
Audrey Elsberry
-
Apr 24, 2024
|
|
Krug Joins Infinity Acupuncture
Staff Reports
-
Apr 23, 2024
|
With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...
Baristas are incorporating craft cocktail techniques into show-stopping coffee drinks, and bartenders are mixing espresso and coffee liqueur...
Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.