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Thursday, September 26, 2024

Sullivan's Island home prices rise in April 2018

Realestate4

The median sale price of a home sold in April 2018 in Sullivan's Island rose by $660,900 while total sales increased by 100%, according to BlockShopper.com.

In April 2018, there were eight homes sold, with a median sale price of $2,098,400 - a 46% increase over the $1,437,500 median sale price for the same period of the previous year. There were four homes sold in Sullivan's Island in April 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 April 2018.

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

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Sullivan's Island84100%$2,098,400$1,437,50046%
Edgewater Park220%$731,108.50$319,250129%
Edisto Island46-33.3%$701,500$610,00015%
Isle of Palms331973.7%$685,000$630,0008.7%
Folly Beach1214-14.3%$676,250$630,5007.3%
Meggett3250%$550,000$571,250-3.7%
Kiawah Island13862.5%$505,000$676,250-25.3%
Seabrook Island181338.5%$500,000$525,000-4.8%
Mount Pleasant15814310.5%$434,000$420,0003.3%
Laurel Park10-$400,000$0-
Ashley Forest3250%$380,000$433,000-12.2%

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