Saturday, May 21, 2022

January real estate numbers: new listings up, sales slightly down in Brunswick County

In December, Brunswick County's new residential building permits spiked 141 percent compared to December the previous year. But sales in January have taken a slight dip.

In December, Brunswick County's new residential building permits spiked 141 percent compared to December the previous year. But sales in January have taken a slight dip. (Port City Daily/File photo)
In December, Brunswick County’s new residential building permits spiked 141 percent compared to December the previous year. But sales in January have taken a slight dip. (Port City Daily/File photo)

BRUNSWICK COUNTY — New listings just aren’t slowing down in Brunswick County. A recent real estate sales release from the Brunswick County Association of REALTORS shows the county has kicked off 2019 in a “strong fashion.”

New listings are up 9.3 percent in January 2019 compared to the same month last year. With 46 new homes listed, will the fast-paced market keep up?

Related: $1.3 billion: Brunswick County sees highest real estate sales volume since 2004

Late last month, Brunswick County Association of REALTORS announced the county’s year-end sales numbers. Statistics show the real estate sales volume in 2018 was the county’s highest in 14 years. With Leland leading county’s sales, over $1.3 billion in total sales took place last year.

To meet that demand, it appears builders are increasing their pace. Brunswick County’s residential building permits in December 2018 were up 141 percent, compared to December 2017. The value of new residential construction over the same time period increased by $22.26 million, up 22 percent.

Demand in January, however, slightly dropped off. Brunswick County Association of REALTORS numbers of units sold reveals an eight percent decrease between last month and January 2018. The difference of units sold, however, is just 21 homes.

During the same time period, average sale price also dipped four percent, from $269,320 to $257,555 last month. Total sales volume also dropped by $8.49 million, a 12 percent difference.


Send tips and comments to Johanna Ferebee at johanna@localvoicemedia.com

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