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Palmetto State News

Tuesday, September 24, 2024

Sullivan's Island home prices rise in February 2019

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The median sale price of a home sold in February 2019 in Sullivan's Island rose by $210,000 while total sales increased by 100%, according to BlockShopper.com.

In February 2019, there were four homes sold, with a median sale price of $2,762,500 - a 8.2% increase over the $2,552,500 median sale price for the same period of the previous year. There were two homes sold in Sullivan's Island in February 2018.

The median sales tax in Sullivan's Island for the most recent year with available data, 2015, was $7,193, approximately 0.3% of the median home sale price for February 2019.

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

CityFeb. 2019 Home SalesFeb. 2018 Home Sales% change (Total Home Sales)Feb. 2019 Median Sales PriceFeb. 2018 Median Sales Price% change (Median Sales Price)
Kiawah Island16-83.3%$3,000,000$1,822,50064.6%
Sullivan's Island42100%$2,762,500$2,552,5008.2%
Isle of Palms990%$779,000$930,000-16.2%
Folly Beach7540%$619,000$450,00037.6%
Ashley Forest110%$432,000$450,000-4%
Capri Isles10-$405,000$0-
Laurel Park10-$403,000$0-
Mount Pleasant927326%$366,000$439,000-16.6%
Meggett10-$315,000$0-
Long Branch Estates110%$303,750$120,000153.1%
Charleston110135-18.5%$300,000$275,0009.1%

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