James Island home prices fall in February 2017

James Island home prices fall in February 2017
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The median sale price of a home sold in February 2017 in James Island fell by $4,500 while total sales decreased by 20%, according to BlockShopper.com.

In February 2017, there were 20 homes sold, with a median sale price of $235,500 – a 1.9% decrease over the $240,000 median sale price for the same period of the previous year. There were 25 homes sold in James Island in February 2016.

The median sales tax in James Island for the most recent year with available data, 2015, was $1,253, approximately 0.5% of the median home sale price for February 2017.

The following table compares James Island to other Charleston County cities with similar median sales prices in February 2017:

City Feb. 2017 Home Sales Feb. 2016 Home Sales % change (Total Home Sales) Feb. 2017 Median Sales Price Feb. 2016 Median Sales Price % change (Median Sales Price)
Seabrook Island 8 13 -38.5% $420,000 $502,294 -16.4%
Mount Pleasant 144 142 1.4% $390,000 $355,000 9.9%
Ashley Forest 1 3 -66.7% $320,000 $290,975 10%
Charleston 162 207 -21.7% $263,750 $243,900 8.1%
Drayton 1 2 -50% $255,000 $220,750 15.5%
James Island 20 25 -20% $235,500 $240,000 -1.9%
Summerville 5 6 -16.7% $170,000 $202,250 -15.9%
Melrose 1 1 0% $165,000 $202,800 -18.6%
Plantation Estates 2 0 $152,200 $0
Ladson 1 5 -80% $143,000 $110,000 30%
McClellanville 2 3 -33.3% $121,000 $260,000 -53.5%


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