Nope! 💪 In fact the residential real estate in Brunswick County topped over $100 million in total sales volume.
(Not a big reader? Watch the full market update by clicking the image below.)
“February’s sales numbers were so strong that I ran them multiple times to make sure they were accurate,” said BCAR CEO Cynthia Walsh. “February was the strongest month we’ve seen in over 14 years. 💪💪💪 Brunswick County’s market is simply red-hot 🔥🔥🔥 as we approach Spring 🌼🌼🌼.”
February 2020 absolutely ⚔️ SLAYED ⚔️ February 2019 in Total Home Sales :
February 2020: $106,050,000
February 2019: $70,250,000
THAT's a 51% INCREASE people.
Absolutely 🍌🍌🍌(bananas)!
Another big time JUMP was the increase in the number of units sold:
February 2020: 352
February 2019: 260
Increase of 35.4% 🆙
The average sale price increased 9.5%, from $270,187 to $295,910, with 21% of sales in the $300,000 to $499,000 price range and 37 homes selling for $500,000 or more.
Average Sales Price
February 2020: $295,910
February 2019: $270,187
Increase: +9.5%
New Listings
February 2020: 589
February 2019: 566
Increase: +4.1%
Watch the Brunswick County February 2020 Market Stats...
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 you probably know by now it is a FABULOUS time to sell your home.
Especially if your home is priced under $250,000. There is a 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.
Check out my 3Ps (Price. Presentation. Promotion) for selling your home fast and for the most money.
Here are a few other interesting stats for Brunswick County residential homes sales in February 2020.
The Averages for Brunswick County:
Square Feet: 1,799
Price per Square Foot: $167.62
Days on Market 90
Original List Price: $318,214
Listing Price: $311,627
Sold Price: $295,910
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. I look forward to what March 2020 has in store. I have a feeling it will be 🔥.
Til next time,
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.