James Island home prices rise in the third quarter of 2018

James Island home prices rise in the third quarter of 2018
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The median sale price of a home sold in the third quarter of 2018 in James Island rose by $24,875 while total sales increased by 14.3%, according to BlockShopper.com.

From July through September of 2018, there were 40 homes sold, with a median sale price of $308,875 – a 8.8% increase over the $284,000 median sale price for the same period of the previous year. There were 35 homes sold in James Island in the third quarter of 2017.

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 third quarter of 2018.

The following table compares James Island to other Charleston County cities with similar median sales prices in the third quarter of 2018:

City July – Sept. 2018 Home Sales July – Sept. 2017 Home Sales % change (Total Home Sales) July – Sept. 2018 Median Sales Price July – Sept. 2017 Median Sales Price % change (Median Sales Price)
Whitehall Terrace 2 1 100% $397,450 $355,000 12%
Riverland Terrace 6 3 100% $363,500 $349,900 3.9%
Laurel Park 1 3 -66.7% $344,600 $280,000 23.1%
Edisto Island 7 8 -12.5% $339,000 $248,000 36.7%
Chesterfield 3 1 200% $324,770 $255,000 27.4%
James Island 40 35 14.3% $308,875 $284,000 8.8%
Charleston 499 556 -10.3% $300,000 $275,000 9.1%
Awendaw 2 3 -33.3% $300,000 $310,000 -3.2%
Ashley Forest 1 3 -66.7% $296,000 $395,000 -25.1%
Meggett 1 4 -75% $295,000 $520,750 -43.4%
Long Branch Estates 2 0 $287,500 $0


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