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Thursday, November 14, 2024

Edisto Island home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Edisto Island fell by $662,050 while total sales increased by 33.3%, according to BlockShopper.com.

In October 2018, there were four homes sold, with a median sale price of $257,950 - a 72% decrease over the $920,000 median sale price for the same period of the previous year. There were three homes sold in Edisto Island in October 2017.

The median sales tax in Edisto Island for the most recent year with available data, 2015, was $1,668, approximately 0.6% of the median home sale price for October 2018.

The following table compares Edisto Island to other Charleston County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Melrose10-$375,000$0-
Ravenel220%$288,750$132,500117.9%
Charleston1391343.7%$282,000$285,000-1.1%
Landsdowne21100%$281,250$325,000-13.5%
James Island15966.7%$280,000$410,000-31.7%
Edisto Island4333.3%$257,950$920,000-72%
Laurel Park10-$236,000$0-
Meggett110%$221,000$900,000-75.4%
Drayton20-$212,500$0-
Summerville57-28.6%$209,500$153,50036.5%
Ponderosa110%$197,000$40,000392.5%

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