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Tuesday, September 24, 2024

Sullivan's Island home prices fall in December 2018

Re 12

The median sale price of a home sold in December 2018 in Sullivan's Island fell by $807,500 while total sales decreased by 33.3%, according to BlockShopper.com.

In December 2018, there were two homes sold, with a median sale price of $1,292,500 - a 38.5% decrease over the $2,100,000 median sale price for the same period of the previous year. There were three homes sold in Sullivan's Island in December 2017.

The median sales tax in Sullivan's Island for the most recent year with available data, 2015, was $7,193, approximately 0.6% of the median home sale price for December 2018.

The following table compares Sullivan's Island to other Charleston County cities with similar median sales prices in December 2018:

CityDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Sullivan's Island23-33.3%$1,292,500$2,100,000-38.5%
Kiawah Island1015-33.3%$882,500$625,00041.2%
Folly Beach10742.9%$640,000$770,000-16.9%
Isle of Palms519-73.7%$600,000$775,000-22.6%
Hollywood110%$585,000$415,00041%
Secessionville Acres10-$500,000$0-
Mount Pleasant61106-42.5%$385,000$430,375-10.5%
Whitehall Terrace110%$375,000$189,10098.3%
McClellanville20-$312,500$0-
Seabrook Island712-41.7%$305,000$249,00022.5%
James Island69-33.3%$303,000$249,35021.5%

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