The median sale price of a home sold in the first quarter of 2017 in Isle of Palms fell by $22,500 while total sales increased by 34.6%, according to BlockShopper.com.
From January through March of 2017, there were 70 homes sold, with a median sale price of $677,500 – a 3.2% decrease over the $700,000 median sale price for the same period of the previous year. There were 52 homes sold in Isle of Palms in the first quarter of 2016.
The median sales tax in Isle of Palms for the most recent year with available data, 2015, was $5,408, approximately 0.8% of the median home sale price for the first quarter of 2017.
The following table compares Isle of Palms 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) |
|---|---|---|---|---|---|---|
| Sullivan’s Island | 12 | 14 | -14.3% | $1,737,500 | $1,118,750 | 55.3% |
| Kiawah Island | 35 | 31 | 12.9% | $694,000 | $550,000 | 26.2% |
| Isle of Palms | 70 | 52 | 34.6% | $677,500 | $700,000 | -3.2% |
| Folly Beach | 22 | 30 | -26.7% | $524,250 | $464,400 | 12.9% |
| Ashley Forest | 5 | 6 | -16.7% | $435,000 | $305,487.50 | 42.4% |
| Seabrook Island | 29 | 32 | -9.4% | $420,000 | $357,500 | 17.5% |
| Mount Pleasant | 397 | 426 | -6.8% | $385,000 | $359,000 | 7.2% |
| Meggett | 4 | 4 | 0% | $365,000 | $368,000 | -0.8% |
| Awendaw | 2 | 1 | 100% | $347,000 | $120,000 | 189.2% |
| Laurel Park | 1 | 5 | -80% | $330,000 | $315,000 | 4.8% |
| North Pine Point | 1 | 5 | -80% | $318,000 | $245,000 | 29.8% |
