The Brunswick County residential real estate market is hanging tough in face of the Coronavirus.
“COVID-19 has presented tremendous challenges to all aspects of our economy, but Brunswick County’s real estate market has proved immune to its effects thus far” said Cynthia Walsh, BCAR CEO, “The fact that our market is ahead of last year’s record pace in spite of the coronavirus is a testament to everything Brunswick County has to offer. While the decrease in new listings could foreshadow a future impact, we still have a healthy inventory of active listings, and several homes sold for more than $1 million in April.”
Rather watch than read? I've got you covered. Just click below for the April 2020 Brunswick County Residential Real Estate Market Statistics video.
Now this is going to totally blow your MIND! 🤯🤯 The total sales volume jumped from $110 million to $132 million in April compared to last year!
That's a 🚀 20.5% spike 🚀 people.
Total Sales Volume
April 2020: $132,630,000
April 2019: $110,040,000
Increase: +20.5% 🆙
New listings dropped a whopping 41.1% in April compared to the same time last year.
April 2020: 384
April 2019: 653
This plummet in new listings combined with the continued increase in units sold (+6.9%) keeps supply and demand at odds.
April 2020: 402
April 2019: 376
Increase: +6.9% 🆙
Buyers will be paying more as sellers increase their sales price because of the lack of competition.
If you have been thinking about selling your home IT IS THE RIGHT TIME! Take advantage NOW while your competition remains low.
Average Sale Price
April 2020: $329,935
April 2019: $292,651
Increase: +12.7% 🆙
The average sales price jumped 12.7% 🆙 compared to April 2019 and up over 11% 🆙 from just last month, March 2020.
That's potentially THOUSANDS ($1,000s) more in your pocket if you act NOW versus waiting.
In order to get your home sold at the highest possible price in the shortest amount of time you need to work with a real estate professional who not only has her finger on the pulse of the market (pssst..that's me, obviously 😉😆) but also employs the technology and marketing to gain your home the maximum possible exposure to the right buyer demographic (psssst..also me😉😆💁🏻♀️).
To be sure your property captures the attention of local real estate agents and their buyers thinking outside of the real estate box is a must. Here is one of my most recent listings to give you an idea of what I mean.
This fun email went out to over 3000 local real estate agents a few days after the property was listed. Over 700 agents opened it within 24 hours and over 100 agents clicked on the links to learn more. See the email here - https://mailchi.mp/jesswain.com/5002oquinnblvd
See my ongoing Facebook Ad property promotion results in the video below and more details in this recent blog post.
Attention Buyers: If these trends continue as predicted the longer you wait the more you will pay for a home in Brunswick County. Purchase a home now while interest rates remain at near a historic low. Check rates by clicking here. If you contact Brian be sure to tell him Jess sent ya :). Ask him about his FHA and USDA programs with as little as 3% down. Oh and here are 3 great reasons to get pre-approved today.
Attention Sellers: If you watched the video or read anything above you must know by now it is a FABULOUS time to sell your home. DO IT!!!
Especially if your home is priced under $250,000. There is a serious lack of inventory in Brunswick County in this price range.
Supply continues to shrink while buyer demand remains steady. This is a trend not only in Brunswick County but nationwide.
Source for all stats is the NC Regional MLS and Brunswick County Association of Realtors.
That's all for now! If you'd like to stay informed on the Brunswick County Real Estate Market be sure to subscribe to this blog. If you are curious about how a specific neighborhood, city, or island is performing ask me in the comments, subscribe, or better yet text me (910-518-JESS (5377), and I'll send you a free, no obligation, market snapshot. 😉 I pinky promise I won't stalk you.
I can't wait to see what happens next!
Til next month,
Jess Wainwright ☀️
P.S. If you are curious about how a specific neighborhood, city, or island is performing ask me in the comments, subscribe, or better yet text me (910-518-JESS (5377), and I'll send you a free, no obligation, market snapshot. 😉 I pinky promise I won't stalk you.