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Thursday, September 26, 2024

Sullivan's Island home prices rise in February 2018

Realestate4

The median sale price of a home sold in February 2018 in Sullivan's Island rose by $1,052,500 while total sales decreased by 60%, according to BlockShopper.com.

In February 2018, there were two homes sold, with a median sale price of $2,552,500 - a 70.2% increase over the $1,500,000 median sale price for the same period of the previous year. There were five homes sold in Sullivan's Island in February 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 February 2018.

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

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Sullivan's Island25-60%$2,552,500$1,500,00070.2%
Kiawah Island69-33.3%$1,822,500$650,000180.4%
Isle of Palms920-55%$930,000$737,50026.1%
Folly Beach56-16.7%$450,000$687,500-34.5%
Ashley Forest110%$450,000$320,00040.6%
Mount Pleasant73144-49.3%$439,000$390,00012.6%
Riverland Terrace20-$357,000$0-
Awendaw10-$335,000$0-
Seabrook Island10825%$302,500$420,000-28%
Charleston135162-16.7%$275,000$263,7504.3%
McClellanville3250%$262,500$121,000116.9%

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