James Island home prices rise in the second quarter of 2017

James Island home prices rise in the second quarter of 2017
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The median sale price of a home sold in the second quarter of 2017 in James Island rose by $36,000 while total sales decreased by 19.8%, according to BlockShopper.com.

From April through June of 2017, there were 65 homes sold, with a median sale price of $297,000 – a 13.8% increase over the $261,000 median sale price for the same period of the previous year. There were 81 homes sold in James Island in the second quarter of 2016.

The median sales tax in James Island for the most recent year with available data, 2015, was $1,253, approximately 0.4% of the median home sale price for the second quarter of 2017.

The following table compares James Island 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)
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%
Riverland Terrace 5 5 0% $325,000 $393,700 -17.4%
Edgewater Park 2 0 $319,250 $0
James Island 65 81 -19.8% $297,000 $261,000 13.8%
Charleston 768 1,008 -23.8% $290,000 $263,250 10.2%
Capri Isles 2 4 -50% $267,500 $264,400 1.2%
Long Branch Estates 3 3 0% $252,500 $223,000 13.2%
Laurel Park 2 3 -33.3% $252,500 $322,500 -21.7%
Hollywood 13 15 -13.3% $245,000 $249,000 -1.6%


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