The median sale price of a home sold in the fourth quarter of 2018 in Isle of Palms rose by $14,250 while total sales decreased by 34.7%, according to BlockShopper.com.
From October through December of 2018, there were 32 homes sold, with a median sale price of $729,250 – a 2% increase over the $715,000 median sale price for the same period of the previous year. There were 49 homes sold in Isle of Palms in the fourth quarter of 2017.
The median sales tax in Isle of Palms for the most recent year with available data, 2015, was $5,408, approximately 0.7% of the median home sale price for the fourth quarter of 2018.
The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in the fourth quarter of 2018:
| City | Oct. – Dec. 2018 Home Sales | Oct. – Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. – Dec. 2018 Median Sales Price | Oct. – Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan’s Island | 10 | 7 | 42.9% | $1,700,000 | $2,100,000 | -19% |
| Kiawah Island | 40 | 41 | -2.4% | $942,500 | $740,000 | 27.4% |
| Folly Beach | 28 | 13 | 115.4% | $741,500 | $770,000 | -3.7% |
| Isle of Palms | 32 | 49 | -34.7% | $729,250 | $715,000 | 2% |
| Edgewater Park | 3 | 3 | 0% | $645,000 | $445,000 | 44.9% |
| Meggett | 4 | 3 | 33.3% | $632,000 | $527,564 | 19.8% |
| Capri Isles | 2 | 2 | 0% | $595,000 | $416,750 | 42.8% |
| Hollywood | 7 | 12 | -41.7% | $585,000 | $225,000 | 160% |
| North Pine Point | 1 | 1 | 0% | $539,000 | $160,000 | 236.9% |
| Secessionville Acres | 1 | 0 | – | $500,000 | $0 | – |
| Ashley Forest | 4 | 0 | – | $475,000 | $0 | – |
