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Palmetto State News

Tuesday, September 24, 2024

Isle of Palms home prices rise in April 2019

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The median sale price of a home sold in April 2019 in Isle of Palms rose by $142,401 while total sales decreased by 21.2%, according to BlockShopper.com.

In April 2019, there were 26 homes sold, with a median sale price of $827,401 - a 20.8% increase over the $685,000 median sale price for the same period of the previous year. There were 33 homes sold in Isle of Palms in April 2018.

The median sales tax in Isle of Palms for the most recent year with available data, 2015, was $5,408, approximately 0.7% of the median home sale price for April 2019.

The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in April 2019:

CityApr. 2019 Home SalesApr. 2018 Home Sales% change (Total Home Sales)Apr. 2019 Median Sales PriceApr. 2018 Median Sales Price% change (Median Sales Price)
Sullivan's Island18-87.5%$2,095,000$2,098,400-0.2%
Isle of Palms2633-21.2%$827,401$685,00020.8%
Kiawah Island151315.4%$650,000$505,00028.7%
Folly Beach712-41.7%$579,000$676,250-14.4%
Riverland Terrace50-$505,000$0-
McClellanville10-$471,000$0-
Mount Pleasant132158-16.5%$425,450$434,000-2%
Edgewater Park12-50%$425,000$731,108.50-41.9%
Seabrook Island1418-22.2%$414,000$500,000-17.2%
Capri Isles110%$400,000$350,00014.3%
Hollywood330%$380,000$269,00041.3%

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