Hollywood home prices fall in the first quarter of 2018

Hollywood home prices fall 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 Hollywood fell by $35,950 while total sales increased by 30%, according to BlockShopper.com.

From January through March of 2018, there were 13 homes sold, with a median sale price of $240,000 – a 13% decrease over the $275,950 median sale price for the same period of the previous year. There were 10 homes sold in Hollywood in the first quarter of 2017.

The median sales tax in Hollywood for the most recent year with available data, 2015, was $1,113, approximately 0.5% of the median home sale price for the first quarter of 2018.

The following table compares Hollywood 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)
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%
Edgewater Park 1 0 $200,000 $0
Landsdowne 2 4 -50% $197,500 $242,500 -18.6%


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