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Palmetto State News

Wednesday, September 25, 2024

Edisto Island home prices fall in June 2018

Realestate2

The median sale price of a home sold in June 2018 in Edisto Island fell by $87,000 while total sales decreased by 50%, according to BlockShopper.com.

In June 2018, there were two homes sold, with a median sale price of $235,000 - a 27% decrease over the $322,000 median sale price for the same period of the previous year. There were four homes sold in Edisto Island in June 2017.

The median sales tax in Edisto Island for the most recent year with available data, 2015, was $1,668, approximately 0.7% of the median home sale price for June 2018.

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

CityJune 2018 Home SalesJune 2017 Home Sales% change (Total Home Sales)June 2018 Median Sales PriceJune 2017 Median Sales Price% change (Median Sales Price)
Landsdowne110%$300,000$372,500-19.5%
McClellanville21100%$291,750$700,000-58.3%
James Island725-72%$260,000$325,000-20%
Hollywood660%$257,500$435,000-40.8%
Long Branch Estates110%$236,000$260,000-9.2%
Edisto Island24-50%$235,000$322,000-27%
Adams Run25-60%$225,000$57,500291.3%
Fenwick Hills13-66.7%$185,000$234,900-21.2%
Summerville46-33.3%$182,750$221,500-17.5%
Melrose10-$175,190$0-
Church Creek10-$164,000$0-

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