Mount Pleasant home prices rise in the fourth quarter of 2017

Mount Pleasant home prices rise in the fourth quarter of 2017
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The median sale price of a home sold in the fourth quarter of 2017 in Mount Pleasant rose by $30,500 while total sales decreased by 30.2%, according to BlockShopper.com.

From October through December of 2017, there were 308 homes sold, with a median sale price of $423,500 – a 7.8% increase over the $393,000 median sale price for the same period of the previous year. There were 441 homes sold in Mount Pleasant in the fourth quarter of 2016.

The median sales tax in Mount Pleasant for the most recent year with available data, 2015, was $1,649, approximately 0.4% of the median home sale price for the fourth quarter of 2017.

The following table compares Mount Pleasant to other Charleston County cities with similar median sales prices in the fourth quarter of 2017:

City Oct. – Dec. 2017 Home Sales Oct. – Dec. 2016 Home Sales % change (Total Home Sales) Oct. – Dec. 2017 Median Sales Price Oct. – Dec. 2016 Median Sales Price % change (Median Sales Price)
Kiawah Island 41 48 -14.6% $740,000 $762,500 -3%
Isle of Palms 49 65 -24.6% $715,000 $670,000 6.7%
Meggett 3 2 50% $527,564 $240,500 119.4%
Riverland Terrace 4 4 0% $469,000 $290,000 61.7%
Edgewater Park 3 0 $445,000 $0
Mount Pleasant 308 441 -30.2% $423,500 $393,000 7.8%
Capri Isles 2 1 100% $416,750 $860,000 -51.5%
Seabrook Island 38 27 40.7% $322,500 $325,000 -0.8%
James Island 30 49 -38.8% $314,000 $257,500 21.9%
Charleston 399 656 -39.2% $282,000 $267,500 5.4%
Landsdowne 3 2 50% $275,000 $249,950 10%


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