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Tuesday, September 24, 2024

Edisto Island home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Edisto Island fell by $55,000 while total sales decreased by 42.9%, according to BlockShopper.com.

From April through June of 2019, there were four homes sold, with a median sale price of $405,000 - a 12% decrease over the $460,000 median sale price for the same period of the previous year. There were seven homes sold in Edisto Island in the second quarter of 2018.

The median sales tax in Edisto Island for the most recent year with available data, 2015, was $1,668, approximately 0.4% of the median home sale price for the second quarter of 2019.

The following table compares Edisto Island to other Charleston County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
McClellanville13-66.7%$471,000$385,00022.3%
Hollywood710-30%$464,000$284,50063.1%
Mount Pleasant324346-6.4%$461,450$450,0002.5%
Edgewater Park15-80%$425,000$950,000-55.3%
Chesterfield21100%$420,000$360,00016.7%
Edisto Island47-42.9%$405,000$460,000-12%
Capri Isles110%$400,000$350,00014.3%
Charleston423508-16.7%$320,000$288,40011%
James Island3438-10.5%$315,000$317,000-0.6%
Forest Lakes110%$302,500$299,9000.9%
Landsdowne26-66.7%$290,200$259,13612%

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