Mind blown...🤯again...🤯July 2020 Market Stats Are In!

You might remember that the Brunswick County Residential Real Estate Market Update in June blew me away.

But July's stats took it to historic levels.

Let's just start with this stat right here...

Brunswick County real estate sales increase 86% in July compared to 2019, highest single-month sales total on record. What!!!!!

CRAZINESS!

Total Sales Volume

● July 2020: $243,350,000 ● July 2019: $130,800,000 ● Increase +86% 🆙

“Last month I had to do a double-take to make sure I was reading the numbers correctly,” said BCAR CEO Cynthia Walsh. “This month I had to do a triple-take. While we can expect to see some impact from Hurricane Isaias in next month’s numbers, overall our market continues to be on fire.”

Rather watch than read? I've got you covered. Just click below for the July 2020 Brunswick County Residential Real Estate Market Statistics video.

New Listings

• July 2020: 726

• July 2019: 547

• Increase: +32.7 🆙

If you have been thinking about selling your home IT IS THE RIGHT TIME! Although listing inventory increased 32.7% buyer demand is still high which is reflective in the 57.5% increase in units sold in July. Take advantage NOW while your competition remains low and the average sales price continues to increase.

Units Sold

• July 2020: 720

• July 2019: 457

• Increase: +57.5% 🆙

Average Sale Price

• July 2020: $337,993

• July 2019: $286,204

• Increase: +18.1% 🆙

"Home sales were spread throughout Brunswick County, with 174 sales in the Leland market and 206 on barrier islands (Sunset Beach, Ocean Isle, Holden Beach, Oak Island, Bald Head Island).

Fifteen homes sold for more than $1,000,000 and 93 sales were between $500,000 and $999,999." Source: BCAR

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.

Check out my 3Ps (Price. Presentation. Promotion) for selling your home fast and for the most money. Or better yet call me! 910-524-3463 or 910-518-JESS.

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.