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Thursday, September 26, 2024

Sullivan's Island home prices fall in March 2018

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The median sale price of a home sold in March 2018 in Sullivan's Island fell by $177,500 while total sales increased by 14.3%, according to BlockShopper.com.

In March 2018, there were eight homes sold, with a median sale price of $1,932,500 - a 8.4% decrease over the $2,110,000 median sale price for the same period of the previous year. There were seven homes sold in Sullivan's Island in March 2017.

The median sales tax in Sullivan's Island for the most recent year with available data, 2015, was $7,193, approximately 0.4% of the median home sale price for March 2018.

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

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Sullivan's Island8714.3%$1,932,500$2,110,000-8.4%
Isle of Palms332817.9%$774,000$661,25017.1%
Folly Beach511-54.5%$750,000$505,00048.5%
Kiawah Island1618-11.1%$716,250$662,0008.2%
Secessionville Acres10-$680,807$0-
Edisto Island110%$660,000$292,000126%
Forest Lakes110%$395,000$230,00071.7%
Mount Pleasant17615017.3%$379,000$385,000-1.6%
Laurel Park110%$370,000$330,00012.1%
Ashley Forest14-75%$370,000$446,250-17.1%
Charleston2312271.8%$280,000$278,0000.7%

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