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Palmetto State News

Tuesday, September 24, 2024

Sullivan's Island home prices fall in March 2019

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The median sale price of a home sold in March 2019 in Sullivan's Island fell by $27,500 while total sales decreased by 50%, according to BlockShopper.com.

In March 2019, there were four homes sold, with a median sale price of $1,905,000 - a 1.4% decrease over the $1,932,500 median sale price for the same period of the previous year. There were eight homes sold in Sullivan's Island in March 2018.

The median sales tax in Sullivan's Island for the most recent year with available data, 2015, was $7,193, approximately 0.4% of the median home sale price for March 2019.

The following table compares Sullivan's Island to other Charleston County cities with similar median sales prices in March 2019:

CityMar. 2019 Home SalesMar. 2018 Home Sales% change (Total Home Sales)Mar. 2019 Median Sales PriceMar. 2018 Median Sales Price% change (Median Sales Price)
Sullivan's Island48-50%$1,905,000$1,932,500-1.4%
Isle of Palms2033-39.4%$966,250$774,00024.8%
McClellanville330%$865,000$24,0003504.2%
Folly Beach6520%$536,250$750,000-28.5%
Edisto Island51400%$475,000$660,000-28%
Kiawah Island316-81.3%$440,000$716,250-38.6%
Mount Pleasant97176-44.9%$430,000$379,00013.5%
Ashley Forest110%$395,000$370,0006.8%
Ravenel13-66.7%$375,000$210,00078.6%
Laurel Park110%$375,000$370,0001.4%
Meggett10-$365,000$0-

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