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Sunday, November 24, 2024

Edisto Island home prices rise in August 2017

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The median sale price of a home sold in August 2017 in Edisto Island rose by $91,000 while total sales increased by 50%, according to BlockShopper.com.

In August 2017, there were three homes sold, with a median sale price of $249,000 - a 57.6% increase over the $158,000 median sale price for the same period of the previous year. There were two homes sold in Edisto Island in August 2016.

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 August 2017.

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

CityAug. 2017 Home SalesAug. 2016 Home Sales% change (Total Home Sales)Aug. 2017 Median Sales PriceAug. 2016 Median Sales Price% change (Median Sales Price)
Ashley Forest10-$277,000$0-
Capri Isles110%$265,000$170,00055.9%
Charleston157364-56.9%$265,000$265,0000%
Chesterfield12-50%$255,000$183,87538.7%
Secessionville Acres31200%$250,000$150,00066.7%
Edisto Island3250%$249,000$158,00057.6%
Drayton12-50%$220,000$236,750-7.1%
Pierpont220%$219,028.50$155,93840.5%
Summerville811-27.3%$206,750$139,90047.8%
Melrose10-$165,000$0-
Ponderosa21100%$157,500$238,000-33.8%

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