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Tuesday, September 24, 2024

Drayton home prices fall in the fourth quarter of 2018

Realestate077

The median sale price of a home sold in the fourth quarter of 2018 in Drayton fell by $60,000 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

From October through December of 2018, there were three homes sold, with a median sale price of $215,000 - a 21.8% decrease over the $275,000 median sale price for the same period of the previous year. There were three homes sold in Drayton in the fourth quarter of 2017, as well.

The median sales tax in Drayton for the most recent year with available data, 2015, was $1,278, approximately 0.6% of the median home sale price for the fourth quarter of 2018.

The following table compares Drayton to other Charleston County cities with similar median sales prices in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Long Branch Estates110%$291,000$165,00076.4%
Landsdowne23-33.3%$281,250$275,0002.3%
Edisto Island6520%$277,125$920,000-69.9%
Charleston394399-1.3%$270,000$282,000-4.3%
Laurel Park21100%$243,000$275,000-11.6%
Drayton330%$215,000$275,000-21.8%
Summerville1116-31.3%$209,500$170,10023.2%
Ponderosa25-60%$181,850$226,000-19.5%
Ravenel34-25%$155,000$132,50017%
Ladson1013-23.1%$133,500$125,0006.8%
North Charleston1991895.3%$132,000$145,000-9%

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