BRUNSWICK COUNTY — Brunswick County’s real estate market remains strong, according to the Brunswick County Association of REALTORS®.
Though total sales and number of units sold last month is slightly down compared to last year, new listings and average sale price are up.
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“Brunswick County’s residential real estate market is as healthy as you can get,” Cynthia Walsh, the association’s CEO, said in a release Monday. “We didn’t see any erratic shifts in pricing, available inventory or the number of days on market. The bottom line is that the market is in strong shape as we move into summer, which is typically our peak transaction season.”
In May, about 20% of Brunswick County’s total sales took place in beach communities, according to the association. Sale prices are about 71% higher on the islands, at an average closing price of $421,270 versus $246,760 on the mainland.
Units sold were slightly off in May 2019 compared to May 2018; 496 were sold this year compared to 504 last year, a 1.6% dip. But last month’s units sold is still up 31% compared to April, as the market moves into its liveliest season.
New listings jumped up 6%, from 602 last May to 638 last month. At $282,369, average sale price is up 1.2% compared to last May, but down 3.4% compared to April. April’s sale price was the highest seen so far in 2019 and was likely bumped up due to 37 transactions over $500,000.
