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Tuesday, September 24, 2024

Kiawah Island home prices fall in January 2019

Realestate5

The median sale price of a home sold in January 2019 in Kiawah Island fell by $217,500 while total sales decreased by 9.1%, according to BlockShopper.com.

In January 2019, there were 10 homes sold, with a median sale price of $657,500 - a 24.9% decrease over the $875,000 median sale price for the same period of the previous year. There were 11 homes sold in Kiawah Island in January 2018.

The median sales tax in Kiawah Island for the most recent year with available data, 2015, was $8,132, approximately 1.2% of the median home sale price for January 2019.

The following table compares Kiawah Island to other Charleston County cities with similar median sales prices in January 2019:

CityJan. 2019 Home SalesJan. 2018 Home Sales% change (Total Home Sales)Jan. 2019 Median Sales PriceJan. 2018 Median Sales Price% change (Median Sales Price)
Sullivan's Island41300%$1,663,437.50$3,295,000-49.5%
Isle of Palms714-50%$910,000$1,395,500-34.8%
Meggett10-$890,000$0-
Kiawah Island1011-9.1%$657,500$875,000-24.9%
Mount Pleasant6697-32%$502,500$415,00021.1%
Edgewater Park110%$480,000$200,000140%
Ravenel110%$417,143$30,0001290.5%
Forest Lakes10-$397,000$0-
Plantation Estates10-$395,000$0-
James Island617-64.7%$395,000$281,60040.3%
Riverland Terrace110%$390,000$272,00043.4%

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