Cynthia Walsh, CEO of Brunswick County Real Estate Commission, gave a very positive report detailing how Brunswick County’s residential real estate market continues to boom in 2021.
Brunswick County’s residential real estate market saw its strongest sales this year in March, with sales volume nearly doubling and units sold up by half compared to March of 2020. Additionally, March’s sales volume outpaced every other month in the past five years except for June and July of 2020.
“I feel like I’m running out of descriptive words and adjectives to describe the continuously red-hot real estate market we are experiencing.” said BCAR CEO Cynthia Walsh. “Prices are up, sales figures are off the chart, and available inventory and the absorption rate are amazingly low. Our total sales in the first quarter were higher than ALL of 2008, 2009, 2010, 2011 and just slightly lower than 2012. These numbers are astounding, and we see no indications of a slowdown as we move into summer.“
Brunswick County saw $236,960,000 in total sales in March 2021, an 85.4% spike over last March’s $127,800,000.
The number of units sold jumped 50.6%, from 431 to 649. The average sales price increased 23.1%, from $296,515 to $365,121.
Twenty homes sold for more than $1 million last month, more than 100 homes sold for between $500,000 and $999,999, and there are two pending sales over $3 million and two over $2 million.
Current active listings are at an all-time low of 629, and the absorption rate is 1.5 months.
- Brunswick County New Listings March 2021: 692 March 2020: 622 Increase/Decrease: +11.3%
- Units Sold March 2021: 649 March 2020: 431 Increase/Decrease: +50.6%
- Average Sale Price March2021: $365,121 March2020: $296,515Increase/Decrease: +23.1%
- Total Sales Volume March 2021: $236,960,000 March 2020: $127,800,000 Increase/Decrease: +85.4%
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