BRUNSWICK COUNTY
By Fritts Causby
BRUNSWICK County witnessed significant price
appreciation in 2021. The average sales price increased
75 percent, the median 11 percent. The sales volume
exceeded $3 billion, with 9,786 units sold, a 16 percent
increase. As with 2020, most listings received multiple offers and
ended up closing well over the asking price.
“As soon as homes are listed, they are immediately pending and
sales rarely fall through,” says Sarah Harris of Intracoastal Realty.
“Sellers are in the driver’s seat, but they are few and far between. Very
few owners are deciding to sell, even with the increase in values.”
Brunswick was no exception to the area-wide inventory
drought, seeing a 37 percent decrease in the number of properties
for sale through agents. The top sale of $6.15 million represented
a 67 percent increase over 2020. Bald Head Island led with big
ticket sales, with 11 of the top 12 in the county.
Harris represented the seller of the only top 12 home not on
Bald Head. The No. 5 sale was a nearly 6,000 square foot ocean-front
home at 1327 Ocean Blvd. W in Holden Beach. The popular
vacation rental, with 12 bedrooms, a pool, and a projected income
of more than $375,000, closed in May at $3.15 million cash after
156 days on the market.
The top sale in the county was 704 Shoals Watch Way, a sprawling
waterfront home on Bald Head Island with 143 feet of ocean front-age
on a nearly 1.4-acre lot designed by Peter Quinn and constructed
of the more unique features of the seven-bedroom property is the
40’x20’ stainless steel pool. It was sold by the original owners after
289 days on the market, closing in late July at $6.15 million cash.
“My clients were from Midlothian, Virginia, and had been
looking for a dream vacation home from Norfolk to Miami,” says
Stephen Prokop, Carolina Plantations Real Estate, who represented
the buyer. “Having discussed all they wanted, I explained that while
we will look at the four homes of interest, I needed to show them one
more that was way above their original budget. We were in the home
15 minutes when they started asking questions about how to move
forward with an offer.”
There were significant land sales in the county, including 18
between $1 million and $6 million. All but four of the top 25 land/
lot sales were cash sales. Ten of the top 25 had waterfrontage.
In March, Supply saw a $6 million sale of 180 acres featuring
2,770 feet of waterfront. The property at 2188 Stone Chimney Road
SW was a cash sale. Navassa had a 126.86-acre sale at 200 Cedar
Hill Road, which sold for $5.6 million in August. In November,
Shallotte saw a $2.562 million cash sale of 112.33 acres with 3,000
feet of waterfront at 4571 Smith Avenue. A 67-acre tract off Star
Cross Way SW with 2,500 feet of water frontage sold for $870,000
cash in July, the No. 22 land sale in the county. Leland’s top land/
lot sale, No. 18 in the county, was 4.58 acres at 1791 Leland School
Road NE. It was a cash sale for $1.05 million in late November.
2021 TOP 5 HOUSE SALES BRUNSWICK COUNTY
Sold Price Sold Date Street Name Heated Sq Ft
1 $6,150,000 7/27/2021 704 Shoals Watch Way, Bald Head Island 5,207
2 $3,950,000 8/18/2021 15 E Beach Drive, Bald Head Island 4,658
3 $3,750,000 12/9/2021 4 Stede Bonnet Close, Bald Head Island 4,501
4 $3,650,000 8/12/2021 9 Wood Duck Trail, Bald Head Island 4,568
5 $3,150,000 4/20/2021 1327 Ocean Boulevard W, Holden Beach 5,906
by Dudley
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2021 TOP 5 LAND SALES BRUNSWICK COUNTY
Sold Price Sold Date Address Road
66 february 2022
WBM
Frontage
Water
Frontage
Total
Acres
1 $6,000,000 3/26/2021 2188 Stone Chimney Road SW, Supply 1,263 2,770 180
2 $5,600,000 8/1/2021 200 Cedar Hill Road NE, Navassa 1,200 126.86
3 $2,600,000 4/22/2021 2890 Southport Supply Road SE, Bolivia 6,475 1,439.44
4 $2,562,000 11/16/2021 4571 Smith Avenue, Shallotte 2,500 3,000 112.33
5 $1,900,000 9/10/2021 1319 Cedar Landing Road SW, Supply 225 281 1.77