Isle of Palms home prices rise in April 2018
The median sale price of a home sold in April 2018 in Isle of Palms rose by $55,000 while total sales increased by 73.7%, according to BlockShopper.com.
In April 2018, there were 33 homes sold, with a median sale price of $685,000 - a 8.7% increase over the $630,000 median sale price for the same period of the previous year. There were 19 homes sold in Isle of Palms in April 2017.
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 April 2018.
The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in April 2018:
| City | Apr. 2018 Home Sales | Apr. 2017 Home Sales | % change (Total Home Sales) | Apr. 2018 Median Sales Price | Apr. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan's Island | 8 | 4 | 100% | $2,098,400 | $1,437,500 | 46% |
| Edgewater Park | 2 | 2 | 0% | $731,108.50 | $319,250 | 129% |
| Edisto Island | 4 | 6 | -33.3% | $701,500 | $610,000 | 15% |
| Isle of Palms | 33 | 19 | 73.7% | $685,000 | $630,000 | 8.7% |
| Folly Beach | 12 | 14 | -14.3% | $676,250 | $630,500 | 7.3% |
| Meggett | 3 | 2 | 50% | $550,000 | $571,250 | -3.7% |
| Kiawah Island | 13 | 8 | 62.5% | $505,000 | $676,250 | -25.3% |
| Seabrook Island | 18 | 13 | 38.5% | $500,000 | $525,000 | -4.8% |
| Mount Pleasant | 158 | 143 | 10.5% | $434,000 | $420,000 | 3.3% |
| Laurel Park | 1 | 0 | - | $400,000 | $0 | - |
| Ashley Forest | 3 | 2 | 50% | $380,000 | $433,000 | -12.2% |