Ya'll this market update is WAY late but hey, better late than never, right? July's numbers will be out later in the week and they'll be following soon but for now...
June 2020 dunked all over every other month prior for the last 15 years. YES - that's right, it's been 15 years since we've had a single month sales volume this high. Take that CORONA!
“June’s sales numbers are so high that I had to do a double-take to make sure I was reading them correctly,” said BCAR CEO Cynthia Walsh. “It took six months of total sales in 2012 to outpace last month alone. Our market has bounced back from the effects of COVID-19 and then some.”
Rather watch than read? I've got you covered. Just click below for the June 2020 Brunswick County Residential Real Estate Market Statistics video.
Total Sales Volume
June 2020: $179,990,000
June 2019: $142,740,000
Increase: +26.1 🆙
Brunswick County saw $179,990,000 in total home sales in June 2020, a 26.1% 🆙 spike over last June’s $142,740,000. The number of units sold jumped 12.6% 🆙, from 491 to 553. The average sale price increased 12% 🆙, from $290,722 to $325,473, with 36% of sales between $200,000 and $299,000, 25% in the $300,000 to $499,999 price range and 14% of sales were $500,000 and higher.
June 2020: 698
June 2019: 560
Increase: +24.6% 🆙
If you have been thinking about selling your home IT IS THE RIGHT TIME! Although listing inventory increased 24.6% buyer demand is still high which is reflective in the 12.6% increase in units sold in June. Take advantage NOW while your competition remains low and the average sales price continues to increase.
June 2020: 553
June 2019: 491
Increase: +12.6% 🆙
Average Sale Price
June 2020: $325,473
June 2019: $290,722
Increase: +12% 🆙
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😉😆💁🏻♀️).
I don't even have this property listed but I managed to get 69,000 views on Facebook for this seller's home. I know how to get you the most exposure to the right demographic of buyers. Give me a call to discuss how! 910-518-5377
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.