North Charleston home prices fall in November 2018

North Charleston home prices fall in November 2018
0Comments

The median sale price of a home sold in November 2018 in North Charleston fell by $7,393 while total sales increased by 41.2%, according to BlockShopper.com.

In November 2018, there were 96 homes sold, with a median sale price of $127,500 – a 5.5% decrease over the $134,893 median sale price for the same period of the previous year. There were 68 homes sold in North Charleston in November 2017.

The median sales tax in North Charleston for the most recent year with available data, 2015, was $729, approximately 0.6% of the median home sale price for November 2018.

The following table compares North Charleston to other Charleston County cities with similar median sales prices in November 2018:

City Nov. 2018 Home Sales Nov. 2017 Home Sales % change (Total Home Sales) Nov. 2018 Median Sales Price Nov. 2017 Median Sales Price % change (Median Sales Price)
Drayton 1 2 -50% $265,000 $316,000 -16.1%
Charleston 169 139 21.6% $259,000 $275,000 -5.8%
Laurel Park 1 0 $250,000 $0
Fenwick Hills 1 0 $248,900 $0
Lincolnville 2 1 100% $210,000 $176,500 19%
Summerville 4 2 100% $204,750 $161,500 26.8%
Ponderosa 1 2 -50% $166,700 $251,000 -33.6%
Ladson 3 4 -25% $150,000 $150,000 0%
North Charleston 96 68 41.2% $127,500 $134,892.50 -5.5%
Adams Run 1 1 0% $90,000 $56,700 58.7%
Ravenel 1 1 0% $24,500 $424,000 -94.2%


Related

Mark McMillan, Owner, President and CEO

Advance Land and Timber outlines key questions for touring affordable South Carolina property

Advance Land and Timber has issued advice for those interested in purchasing low-cost properties in South Carolina. The company stresses careful evaluation during tours regarding access rights, utilities availability,and boundary clarity—helping ensure informed decisions.

Mark McMillan, Owner, President and CEO

South Carolina cheap acreage draws investor interest amid changing land use trends

Investor demand for affordable rural land is rising across South Carolina due to population growth trends. Advance Land And Timber reports increased interest driven by factors such as recreation potential and timber value. Experts say proper marketing helps sellers connect with motivated buyers.

Rental vacancies in South Carolina down 1.1 percent from 2019 to 2020

Rental vacancies in South Carolina down 1.1 percent from 2019 to 2020

Rental vacancies in South Carolina were 9.7 percent in 2020, a decrease of 1.1 percent from the previous year, according to the U.S. Census Bureau report.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Palmetto State News.