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Palmetto State News

Wednesday, September 25, 2024

James Island home prices fall in August 2018

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The median sale price of a home sold in August 2018 in James Island fell by $9,500 while total sales increased by 30%, according to BlockShopper.com.

In August 2018, there were 13 homes sold, with a median sale price of $285,000 - a 3.2% decrease over the $294,500 median sale price for the same period of the previous year. There were 10 homes sold in James Island in August 2017.

The median sales tax in James Island for the most recent year with available data, 2015, was $1,253, approximately 0.4% of the median home sale price for August 2018.

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

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Riverland Terrace51400%$347,000$315,00010.2%
Edisto Island13-66.7%$339,000$249,00036.1%
Charleston17415710.8%$320,000$265,00020.8%
Long Branch Estates10-$310,000$0-
Chesterfield110%$301,500$255,00018.2%
James Island131030%$285,000$294,500-3.2%
Drayton110%$285,000$220,00029.5%
Hollywood24-50%$258,500$382,125-32.4%
Melrose110%$224,900$165,00036.3%
North Pine Point10-$178,000$0-
Summerville38-62.5%$170,000$206,750-17.8%

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