The median sale price of a home sold in the fourth quarter of 2017 in Isle of Palms rose by $45,000 while total sales decreased by 24.6%, according to BlockShopper.com.
From October through December of 2017, there were 49 homes sold, with a median sale price of $715,000 – a 6.7% increase over the $670,000 median sale price for the same period of the previous year. There were 65 homes sold in Isle of Palms in the fourth 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 fourth quarter of 2017.
The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in the fourth quarter of 2017:
| City | Oct. – Dec. 2017 Home Sales | Oct. – Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. – Dec. 2017 Median Sales Price | Oct. – Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan’s Island | 7 | 11 | -36.4% | $2,100,000 | $1,450,000 | 44.8% |
| Edisto Island | 5 | 8 | -37.5% | $920,000 | $267,500 | 243.9% |
| Folly Beach | 13 | 24 | -45.8% | $770,000 | $483,000 | 59.4% |
| Kiawah Island | 41 | 48 | -14.6% | $740,000 | $762,500 | -3% |
| Isle of Palms | 49 | 65 | -24.6% | $715,000 | $670,000 | 6.7% |
| Meggett | 3 | 2 | 50% | $527,564 | $240,500 | 119.4% |
| Riverland Terrace | 4 | 4 | 0% | $469,000 | $290,000 | 61.7% |
| Edgewater Park | 3 | 0 | – | $445,000 | $0 | – |
| Mount Pleasant | 308 | 441 | -30.2% | $423,500 | $393,000 | 7.8% |
| Capri Isles | 2 | 1 | 100% | $416,750 | $860,000 | -51.5% |
| Seabrook Island | 38 | 27 | 40.7% | $322,500 | $325,000 | -0.8% |
