Mount Pleasant home prices rise in the third quarter of 2017

Mount Pleasant home prices rise in the third quarter of 2017
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The median sale price of a home sold in the third quarter of 2017 in Mount Pleasant rose by $50,375 while total sales decreased by 29.8%, according to BlockShopper.com.

From July through September of 2017, there were 422 homes sold, with a median sale price of $419,875 – a 13.6% increase over the $369,500 median sale price for the same period of the previous year. There were 601 homes sold in Mount Pleasant in the third 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 third quarter of 2017.

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

City July – Sept. 2017 Home Sales July – Sept. 2016 Home Sales % change (Total Home Sales) July – Sept. 2017 Median Sales Price July – Sept. 2016 Median Sales Price % change (Median Sales Price)
Edgewater Park 2 2 0% $545,000 $343,000 58.9%
Folly Beach 28 34 -17.6% $544,500 $527,000 3.3%
Meggett 4 7 -42.9% $520,750 $400,000 30.2%
McClellanville 5 13 -61.5% $445,000 $263,421 68.9%
Seabrook Island 38 37 2.7% $442,000 $375,000 17.9%
Mount Pleasant 422 601 -29.8% $419,875 $369,500 13.6%
Ashley Forest 3 3 0% $395,000 $343,000 15.2%
Hollywood 9 16 -43.8% $390,000 $253,750 53.7%
Whitehall Terrace 1 2 -50% $355,000 $392,250 -9.5%
Riverland Terrace 3 8 -62.5% $349,900 $402,500 -13.1%
Awendaw 3 7 -57.1% $310,000 $575,000 -46.1%


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