The median sale price of a home sold in the second quarter of 2017 in Isle of Palms fell by $60,000 while total sales decreased by 20.7%, according to BlockShopper.com.
From April through June of 2017, there were 69 homes sold, with a median sale price of $665,000 – a 8.3% decrease over the $725,000 median sale price for the same period of the previous year. There were 87 homes sold in Isle of Palms in the second 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 second quarter of 2017.
The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in the second quarter of 2017:
| City | Apr. – June 2017 Home Sales | Apr. – June 2016 Home Sales | % change (Total Home Sales) | Apr. – June 2017 Median Sales Price | Apr. – June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan’s Island | 20 | 22 | -9.1% | $1,637,500 | $1,266,250 | 29.3% |
| Kiawah Island | 52 | 59 | -11.9% | $839,500 | $650,000 | 29.2% |
| Isle of Palms | 69 | 87 | -20.7% | $665,000 | $725,000 | -8.3% |
| Folly Beach | 36 | 40 | -10% | $644,750 | $530,000 | 21.7% |
| Edisto Island | 13 | 12 | 8.3% | $545,000 | $261,130 | 108.7% |
| Seabrook Island | 58 | 49 | 18.4% | $462,500 | $338,000 | 36.8% |
| Ashley Forest | 4 | 5 | -20% | $433,000 | $295,000 | 46.8% |
| Mount Pleasant | 577 | 750 | -23.1% | $427,000 | $400,000 | 6.8% |
| Landsdowne | 1 | 2 | -50% | $372,500 | $180,000 | 106.9% |
| McClellanville | 5 | 9 | -44.4% | $341,000 | $210,000 | 62.4% |
| Meggett | 7 | 2 | 250% | $327,000 | $405,000 | -19.3% |
