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BRUNSWICK COUNTY ASSOCIATION OF REALTORS® RELEASES NOVEMBER 2015 STATISTICS
Brunswick County's residential real estate sales are slowing down as the cooler weather rolls in and the holiday season gets underway, but the county saw more home sales this November than during the same month in 2014. Additionally, the average sales price continues to increase every month, according to the most recent statistics from the Brunswick County Association of REALTORS.
The average selling price rose 11.9 percent over the previous year, from $244,625 to $273,651, and is the second highest it's been this year, just behind June, according to BCAR.
Total home sales jumped 13.7 percent, going from $44.3 million in November of 2014 to $50.3 million this past month. The number of listings increased 4.4 percent between November 2014 and 2015, going from 274 to 286. The number of units sold increased slightly, from 181 to 184.
"Brunswick County's real estate market continues to perform better than last year," said BCAR CEO Cynthia Cumbie. "The average sales price is higher and outpaces November 2014 across the board. Additionally, the average selling price has shown a slow, steady increase each month, which is a sign of healthy growth."
The usual drop in sales in November is showing its effects on months of inventory, Cumbie noted. Brunswick jumped to 12.2 months of inventory based on last month's total sales, up from the 8.5-month average from June through October.
Single Family Sales -- Listings
- November 2014: 274
- November 2015: 286
- Change: 4.4%
Single Family Sales -- Units Sold
- November 2014: 181
- November 2015: 184
- Change: 1.7%
Single Family Sales -- Average Sale Price
- November 2014: $244,625
- November 2015: $273,651
- Change: 11.9%
Single Family Sales -- Total Sales Volume
- November 2014: $44,277,085
- November 2015: $50,351,779
- Change: 13.7%
Lot Sales -- Units Sold
- November 2014: 60
- November 2015: 68
- Change: -11.8%
Lot Sales -- Average Sale Price
- November 2014: $73,825
- November 2015: $79,133
- Change: 7.2%
Lot Sales - Total Sales Price
- November 2014: $5,020,100
- November 2015: $4,747,950
- Change: -5.4 %
These numbers reflect sales within the Brunswick County MLS. Some sales in Brunswick County are included in a neighboring MLS and may not be reflected in this analysis.
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