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Palmetto State News

Tuesday, September 24, 2024

Isle of Palms home prices rise in November 2018

Re 12

The median sale price of a home sold in November 2018 in Isle of Palms rose by $137,000 while total sales decreased by 41.2%, according to BlockShopper.com.

In November 2018, there were 10 homes sold, with a median sale price of $845,000 - a 19.4% increase over the $708,000 median sale price for the same period of the previous year. There were 17 homes sold in Isle of Palms in November 2017.

The median sales tax in Isle of Palms for the most recent year with available data, 2015, was $5,408, approximately 0.6% of the median home sale price for November 2018.

The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in November 2018:

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Sullivan's Island4333.3%$2,510,000$2,350,0006.8%
Kiawah Island15966.7%$1,350,000$975,00038.5%
Isle of Palms1017-41.2%$845,000$708,00019.4%
Folly Beach102400%$748,500$1,000,000-25.2%
Meggett31200%$650,000$320,000103.1%
Capri Isles20-$595,000$0-
Edgewater Park20-$585,500$0-
Hollywood48-50%$520,000$155,000235.5%
Seabrook Island1114-21.4%$510,000$400,00027.5%
Ashley Forest10-$505,000$0-
Mount Pleasant118124-4.8%$398,500$426,000-6.5%

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