The median sale price of a home sold in the first quarter of 2017 in Edisto Island fell by $39,319 while total sales decreased by 42.9%, according to BlockShopper.com.
From January through March of 2017, there were four homes sold, with a median sale price of $265,681 – a 12.9% decrease over the $305,000 median sale price for the same period of the previous year. There were seven homes sold in Edisto Island in the first quarter of 2016.
The median sales tax in Edisto Island for the most recent year with available data, 2015, was $1,668, approximately 0.6% of the median home sale price for the first quarter of 2017.
The following table compares Edisto Island to other Charleston County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. – Mar. 2017 Home Sales | Jan. – Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. – Mar. 2017 Median Sales Price | Jan. – Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Pine Point | 1 | 5 | -80% | $318,000 | $245,000 | 29.8% |
| Chesterfield | 2 | 0 | – | $287,500 | $0 | – |
| Charleston | 579 | 620 | -6.6% | $277,000 | $245,000 | 13.1% |
| Hollywood | 10 | 18 | -44.4% | $275,950 | $241,950 | 14.1% |
| Riverland Terrace | 4 | 10 | -60% | $265,750 | $266,250 | -0.2% |
| Edisto Island | 4 | 7 | -42.9% | $265,681 | $305,000 | -12.9% |
| James Island | 63 | 77 | -18.2% | $265,000 | $245,000 | 8.2% |
| McClellanville | 7 | 7 | 0% | $265,000 | $134,500 | 97% |
| Drayton | 2 | 2 | 0% | $250,000 | $220,750 | 13.3% |
| Landsdowne | 4 | 1 | 300% | $242,500 | $250,000 | -3% |
| Forest Lakes | 1 | 1 | 0% | $230,000 | $229,900 | 0% |
