Kiawah Island home prices fall in August 2018

Kiawah Island home prices fall in August 2018
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The median sale price of a home sold in August 2018 in Kiawah Island fell by $200,250 while total sales increased by 250%, according to BlockShopper.com.

In August 2018, there were 14 homes sold, with a median sale price of $899,750 – a 18.2% decrease over the $1,100,000 median sale price for the same period of the previous year. There were four homes sold in Kiawah Island in August 2017.

The median sales tax in Kiawah Island for the most recent year with available data, 2015, was $8,132, approximately 0.9% of the median home sale price for August 2018.

The following table compares Kiawah Island to other Charleston County cities with similar median sales prices in August 2018:

City Aug. 2018 Home Sales Aug. 2017 Home Sales % change (Total Home Sales) Aug. 2018 Median Sales Price Aug. 2017 Median Sales Price % change (Median Sales Price)
Sullivan’s Island 5 10 -50% $1,800,000 $1,652,500 8.9%
Kiawah Island 14 4 250% $899,750 $1,100,000 -18.2%
Isle of Palms 15 17 -11.8% $890,000 $750,000 18.7%
Seabrook Island 11 12 -8.3% $750,000 $512,500 46.3%
Folly Beach 8 11 -27.3% $722,000 $550,000 31.3%
McClellanville 2 2 0% $455,500 $847,500 -46.3%
Adams Run 2 3 -33.3% $447,125 $153,000 192.2%
Mount Pleasant 149 113 31.9% $417,000 $455,000 -8.4%
Whitehall Terrace 2 0 $397,450 $0
Ravenel 2 0 $395,500 $0
Riverland Terrace 5 1 400% $347,000 $315,000 10.2%


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