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Friday, September 27, 2024

Sullivan's Island home prices rise in July 2017

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The median sale price of a home sold in July 2017 in Sullivan's Island rose by $1,433,150 while total sales decreased by 42.9%, according to BlockShopper.com.

In July 2017, there were four homes sold, with a median sale price of $2,282,500 - a 168.7% increase over the $849,350 median sale price for the same period of the previous year. There were seven homes sold in Sullivan's Island in July 2016.

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 July 2017.

The following table compares Sullivan's Island to other Charleston County cities with similar median sales prices in July 2017:

CityJuly 2017 Home SalesJuly 2016 Home Sales% change (Total Home Sales)July 2017 Median Sales PriceJuly 2016 Median Sales Price% change (Median Sales Price)
Sullivan's Island47-42.9%$2,282,500$849,350168.7%
Isle of Palms211631.3%$705,000$652,0008.1%
Kiawah Island1316-18.8%$643,400$692,500-7.1%
Folly Beach610-40%$612,500$615,500-0.5%
Seabrook Island151315.4%$465,000$310,00050%
Mount Pleasant165198-16.7%$421,571$351,45020%
Ashley Forest110%$395,000$360,5009.6%
Riverland Terrace13-66.7%$384,150$443,000-13.3%
James Island1124-54.2%$349,000$269,00029.7%
Charleston217320-32.2%$310,000$275,00012.7%
Landsdowne220%$299,500$266,25012.5%

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