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Business

  • County’s residential real estate market shows strong, steady growth in 2017

    Brunswick County’s residential real estate sales totaled $1.2 billion in 2017, crossing the billion-dollar threshold for the first time since 2005, and increased 32 percent over 2016, according to the most recent data from the Brunswick County Association of Realtors.

    The number of units sold in 2017 jumped 23 percent over the previous year, increasing from 3,746 to 4,613. The average sales price increased 8.5 percent, from $243,610 to $261,925.

  • Brunswick County unemployment rate rises above 5 percent for October

    Brunswick County’s unemployment rate increased from 4.9 percent for September to 5.2 percent for October.

    Unemployment in Brunswick County was at its lowest in June at 4.8 percent, then rose to 5 percent in July and 5.1 percent in August.

    For 2017, Brunswick County unemployment started at 7.7 percent in January, fell to 6.7 percent in February and 5.8 percent in March, then dropped to 5 percent unemployment in April and stayed there through May.

  • County receives grant supporting ITI Technologies

    Brunswick County received a $175,000 grant to support ITI Technologies’ reuse of a 48,000-square-foot building in Leland vacant for five years.

    ITI Technologies is a specialty chemical company that develops applications for agriculture.

  • County’s residential market continues to show steady growth

    Colder weather may be here, but Brunswick County’s residential real estate market shows no signs of cooling down in the near future, according to data released by the Brunswick County Association of Realtors (BCAR).

  • Ross to close medical practice Dec. 31

    Dr. Gary D. Ross is closing his medical practice at 25 Union School Road in Ocean Isle Beach on Dec. 31.

    “It has truly been my privilege to have provided your health care needs over the years,” Ross said in a news release. “Please choose a new primary care physician as soon as possible so that we may transfer a copy of your records to that physician or you may obtain your records yourself by calling the office at 579-9955.”

  • Brunswick County unemployment rate drops below 5 percent for September

    Brunswick County’s unemployment rate dropped to a near low for the year of 4.9 percent for September.

    Unemployment in Brunswick County was at its lowest in June at 4.8 percent, then rose to 5 percent in July and 5.1 percent in August.

    For 2017, Brunswick County unemployment started at 7.7 percent in January, fell to 6.7 percent in February and 5.8 percent in March, then dropped to 5 percent unemployment in April and stayed there through May.

  • BCAR: County market sees highest sales volume in more than 10 years

    Brunswick County’s residential real estate is demonstrating its greatest strength in more than a decade, according to the Brunswick County Association of Realtors.

    “As of Oct. 31, Brunswick County has seen over $1 billion in residential home sales in 2017,” BCAR CEO Cynthia Walsh said in a news release.

    “We haven’t seen numbers like this since 2005, when Brunswick County ended the year with $1.2 billion in total sales volume. We are trending to meet or exceed that total in 2017.”

  • Bureau seeks homeowners insurance rate hike

    Insurance Commissioner Mike Causey announced the North Carolina Rate Bureau has filed notice with the N.C. Department of Insurance asking for a statewide average increase in homeowners insurance rates of 18.7 percent for 2018.

    The NC Rate Bureau represents the homeowners insurance companies in the state in asking for this increase.

  • BCHBA 15th annual Parade of Homes

    The Brunswick County Home Builders Association’s 15th annual Parade of Homes takes place from noon to 5 p.m. Friday-Sunday, Oct. 20-22, and Oct. 27-29.

    “This year’s exceptional collection of new homes, beach homes, and remodels are complete with innovative architecture, creative construction concepts and illuminating design ideas,” BCHBA president Jeffrey B. Satterwhite said in a news release. “Everything you deserve in a new home… this year’s parade has it all.”

  • BCAR releases September 2017 data

    September has come and gone and temperatures are cooling down, but Brunswick County’s residential real estate market remains hot. The third quarter finished strong, with units sold outpacing 2016 by 27 percent and total dollar sales up by 36 percent over last year, according to statistics released Tuesday by the Brunswick County Association of Realtors.