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Thursday, November 7, 2024

Sullivan's Island home prices rise in March 2017

Realestate2

The median sale price of a home sold in March 2017 in Sullivan's Island rose by $1,130,000 while total sales increased by 75%, according to BlockShopper.com.

In March 2017, there were seven homes sold, with a median sale price of $2,110,000 - a 115.3% increase over the $980,000 median sale price for the same period of the previous year. There were four homes sold in Sullivan's Island in March 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 March 2017.

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

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Sullivan's Island7475%$2,110,000$980,000115.3%
Kiawah Island181428.6%$662,000$581,25013.9%
Isle of Palms282227.3%$661,250$776,094-14.8%
Folly Beach11683.3%$505,000$530,000-4.7%
Awendaw10-$450,000$0-
Ashley Forest42100%$446,250$330,00035.2%
Mount Pleasant150171-12.3%$385,000$350,00010%
Seabrook Island1415-6.7%$366,125$339,5007.8%
Laurel Park13-66.7%$330,000$328,0000.6%
James Island2326-11.5%$305,000$263,00016%
Hollywood38-62.5%$292,000$241,95020.7%

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