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Tuesday, September 24, 2024

Riverland Terrace home prices rise 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 Riverland Terrace rose by $155,000 while total sales increased by 200%, according to BlockShopper.com.

From April through June of 2019, there were six homes sold, with a median sale price of $482,500 - a 47.3% increase over the $327,500 median sale price for the same period of the previous year. There were two homes sold in Riverland Terrace in the second quarter of 2018.

The median sales tax in Riverland Terrace for the most recent year with available data, 2015, was $1,632, approximately 0.3% of the median home sale price for the second quarter of 2019.

The following table compares Riverland Terrace 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)
Kiawah Island423327.3%$838,500$780,0007.5%
Isle of Palms58555.5%$794,484$725,0009.6%
Folly Beach1220-40%$627,500$612,5002.4%
Seabrook Island44440%$549,000$412,00033.3%
Ashley Forest330%$487,500$380,00028.3%
Riverland Terrace62200%$482,500$327,50047.3%
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%

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