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Friday, November 15, 2024

Kiawah Island home prices fall in December 2017

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The median sale price of a home sold in December 2017 in Kiawah Island fell by $73,500 while total sales decreased by 25%, according to BlockShopper.com.

In December 2017, there were 15 homes sold, with a median sale price of $625,000 - a 10.5% decrease over the $698,500 median sale price for the same period of the previous year. There were 20 homes sold in Kiawah Island in December 2016.

The median sales tax in Kiawah Island for the most recent year with available data, 2015, was $8,132, approximately 1.3% of the median home sale price for December 2017.

The following table compares Kiawah Island to other Charleston County cities with similar median sales prices in December 2017:

CityDec. 2017 Home SalesDec. 2016 Home Sales% change (Total Home Sales)Dec. 2017 Median Sales PriceDec. 2016 Median Sales Price% change (Median Sales Price)
Sullivan's Island330%$2,100,000$1,600,00031.3%
Isle of Palms191346.2%$775,000$660,00017.4%
Folly Beach710-30%$770,000$540,00042.6%
Edisto Island23-33.3%$672,500$474,00041.9%
Kiawah Island1520-25%$625,000$698,500-10.5%
Riverland Terrace12-50%$583,000$290,000101%
Meggett110%$527,564$339,00055.6%
Mount Pleasant106146-27.4%$430,375$363,75018.3%
Edgewater Park20-$422,500$0-
Hollywood15-80%$415,000$674,850-38.5%
Adams Run15-80%$308,000$155,00098.7%

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