Drayton home prices rise in the first quarter of 2018

Drayton home prices rise in the first quarter of 2018
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The median sale price of a home sold in the first quarter of 2018 in Drayton rose by $10,000 while total sales increased by 150%, according to BlockShopper.com.

From January through March of 2018, there were five homes sold, with a median sale price of $260,000 – a 4% increase over the $250,000 median sale price for the same period of the previous year. There were two homes sold in Drayton in the first quarter of 2017.

The median sales tax in Drayton for the most recent year with available data, 2015, was $1,278, approximately 0.5% of the median home sale price for the first quarter of 2018.

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

City Jan. – Mar. 2018 Home Sales Jan. – Mar. 2017 Home Sales % change (Total Home Sales) Jan. – Mar. 2018 Median Sales Price Jan. – Mar. 2017 Median Sales Price % change (Median Sales Price)
Laurel Park 1 1 0% $370,000 $330,000 12.1%
Riverland Terrace 4 4 0% $308,500 $265,750 16.1%
Charleston 512 579 -11.6% $296,500 $277,000 7%
Seabrook Island 31 29 6.9% $284,000 $420,000 -32.4%
James Island 56 63 -11.1% $275,000 $265,000 3.8%
Drayton 5 2 150% $260,000 $250,000 4%
McClellanville 6 7 -14.3% $244,275 $265,000 -7.8%
Hollywood 13 10 30% $240,000 $275,950 -13%
Ponderosa 3 7 -57.1% $219,000 $116,000 88.8%
Church Creek 2 2 0% $210,000 $192,500 9.1%
Awendaw 4 2 100% $200,800 $347,000 -42.1%


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