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Monday, November 25, 2024

Edisto Island home prices rise in May 2017

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The median sale price of a home sold in May 2017 in Edisto Island rose by $412,000 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

In May 2017, there were three homes sold, with a median sale price of $750,000 - a 121.9% increase over the $338,000 median sale price for the same period of the previous year. There were three homes sold in Edisto Island in May 2016, as well.

The median sales tax in Edisto Island for the most recent year with available data, 2015, was $1,668, approximately 0.2% of the median home sale price for May 2017.

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

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Sullivan's Island9728.6%$1,325,000$931,00042.3%
Kiawah Island1925-24%$805,000$950,000-15.3%
Edisto Island330%$750,000$338,000121.9%
Isle of Palms2628-7.1%$650,000$1,022,500-36.4%
Folly Beach1112-8.3%$568,000$532,5006.7%
Ashley Forest14-75%$495,000$308,50060.5%
Mount Pleasant207237-12.7%$435,000$400,0008.8%
Seabrook Island231376.9%$375,000$649,000-42.2%
Meggett41300%$321,000$90,000256.7%
Riverland Terrace21100%$309,500$532,000-41.8%
Capri Isles110%$290,000$231,50025.3%

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