Drayton home prices fall in the fourth quarter of 2018

Drayton home prices fall in the fourth quarter of 2018
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The median sale price of a home sold in the fourth quarter of 2018 in Drayton fell by $60,000 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

From October through December of 2018, there were three homes sold, with a median sale price of $215,000 – a 21.8% decrease over the $275,000 median sale price for the same period of the previous year. There were three homes sold in Drayton in the fourth quarter of 2017, as well.

The median sales tax in Drayton for the most recent year with available data, 2015, was $1,278, approximately 0.6% of the median home sale price for the fourth quarter of 2018.

The following table compares Drayton to other Charleston County cities with similar median sales prices in the fourth quarter of 2018:

City Oct. – Dec. 2018 Home Sales Oct. – Dec. 2017 Home Sales % change (Total Home Sales) Oct. – Dec. 2018 Median Sales Price Oct. – Dec. 2017 Median Sales Price % change (Median Sales Price)
Long Branch Estates 1 1 0% $291,000 $165,000 76.4%
Landsdowne 2 3 -33.3% $281,250 $275,000 2.3%
Edisto Island 6 5 20% $277,125 $920,000 -69.9%
Charleston 394 399 -1.3% $270,000 $282,000 -4.3%
Laurel Park 2 1 100% $243,000 $275,000 -11.6%
Drayton 3 3 0% $215,000 $275,000 -21.8%
Summerville 11 16 -31.3% $209,500 $170,100 23.2%
Ponderosa 2 5 -60% $181,850 $226,000 -19.5%
Ravenel 3 4 -25% $155,000 $132,500 17%
Ladson 10 13 -23.1% $133,500 $125,000 6.8%
North Charleston 199 189 5.3% $132,000 $145,000 -9%


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