Print
Real Estate - Residential

Brunswick County Home Sales Spike In October

By Staff Reports, posted Nov 10, 2020
Brunswick County experienced a 63% jump in October in the number of homes sold and a 114.5% spike in sales volume compared to October 2019, the Brunswick County Association of Realtors reported Tuesday. 

October’s figure marks the third highest number of homes sold in a single month so far in 2020, trailing only July and September, according to a news release.  

BCAR CEO Cynthia Walsh said in the release,  “We are on a record pace that could see us break $2 billion in residential home sales for the first time ever. 

“These numbers demonstrate that Brunswick County is an attractive place to live, and we see no indication that the market will cool down any time soon.”
 
Brunswick County had more than $261 million in total sales in October 2020, a 114.5% spike over last October’s $121.8 million, BCAR reported. 

The number of units sold jumped from 411 to 670, the BCAR figures show. Of the 670 homes sold, 304 sold for 100% of list price or higher, with 84 homes selling above list price. 

The average sale price increased 44.7%, from $269,497 to $390,062, according to BCAR. There were 22 luxury sales of homes with prices of $1 million or more, with the largest sale being a $3.2 million transaction on Bald Head Island, $1 million higher than September’s highest sale.
 
“Total year-to-date sales are up 48.7% compared to the same point in 2019, increasing from $1.17 billion to $1.74 billion,” the report stated. “Average sale prices are up 17% compared to last year, increasing from $280,995 to $328,924, and the number of units sold is up from 4,104 to 5,172, a 26% increase.”
Ico insights

INSIGHTS

SPONSORS' CONTENT
Capefearrealtors tomgale headshot

Promoting The Affordable American Dream

Tom Gale - Cape Fear REALTORS®
Headshot2 3182020512

Practical Tips For Improving Home Comfort Levels, Efficiency

Chris Jones - Green Dot Heating & Air
Cflc kellygosssechristheadshot

Building Our Community Through Compassion

Kelly Goss Sechrist - Cape Fear Literacy Council

Trending News

What's Next For Mixed-use Project On South College Road

Cece Nunn - Jan 25, 2021

Downtown Grocery Store Founders Share Details

Jessica Maurer - Jan 26, 2021

Genesis Block Names 10 Companies Selected For Minority Business Accelerator

Christina Haley O'Neal - Jan 25, 2021

Wilmington Ranks On MovieMaker's Best Places To Live And Work

Christina Haley O'Neal - Jan 26, 2021

In Downtown Wilmington, Coworking Space Opens In Overhauled Building

Cece Nunn - Jan 26, 2021

In The Current Issue

Food Trucks Roll Through Pandemic

The concept is simple: When health barriers reduce the number of people who can eat at your restaurant, take your food to where the people a...


Giving It A Shot

Faced with a limited supply of vaccine doses and other challenges, local leaders are starting to roll out plans to convince as many peo­ple...


Apartment Market Remains Robust

As growth in the region contin­ues, apartments remain on the rise throughout the Wilmington area, with more units on the way....

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100