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Wednesday, September 25, 2024

Sullivan's Island home prices rise in July 2018

Realestate1

The median sale price of a home sold in July 2018 in Sullivan's Island rose by $104,500 while total sales increased by 25%, according to BlockShopper.com.

In July 2018, there were five homes sold, with a median sale price of $2,387,000 - a 4.6% increase over the $2,282,500 median sale price for the same period of the previous year. There were four homes sold in Sullivan's Island in July 2017.

The median sales tax in Sullivan's Island for the most recent year with available data, 2015, was $7,193, approximately 0.3% of the median home sale price for July 2018.

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

CityJuly 2018 Home SalesJuly 2017 Home Sales% change (Total Home Sales)July 2018 Median Sales PriceJuly 2017 Median Sales Price% change (Median Sales Price)
Sullivan's Island5425%$2,387,000$2,282,5004.6%
Kiawah Island713-46.2%$950,000$643,40047.7%
Isle of Palms1721-19%$735,000$705,0004.3%
Folly Beach7616.7%$665,000$612,5008.6%
Capri Isles30-$509,000$0-
Mount Pleasant141165-14.5%$465,000$421,57110.3%
Secessionville Acres10-$465,000$0-
Seabrook Island1115-26.7%$408,000$465,000-12.3%
Ravenel23-33.3%$398,500$42,307841.9%
North Pine Point10-$390,000$0-
Awendaw110%$350,000$275,00027.3%

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