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Tuesday, September 24, 2024

Riverland Terrace home prices fall in the fourth quarter of 2018

Realestate1

The median sale price of a home sold in the fourth quarter of 2018 in Riverland Terrace fell by $74,000 while total sales decreased by 50%, according to BlockShopper.com.

From October through December of 2018, there were two homes sold, with a median sale price of $395,000 - a 15.8% decrease over the $469,000 median sale price for the same period of the previous year. There were four homes sold in Riverland Terrace in the fourth quarter of 2017.

The median sales tax in Riverland Terrace for the most recent year with available data, 2015, was $1,632, approximately 0.4% of the median home sale price for the fourth quarter of 2018.

The following table compares Riverland Terrace 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)
North Pine Point110%$539,000$160,000236.9%
Secessionville Acres10-$500,000$0-
Ashley Forest40-$475,000$0-
Seabrook Island2838-26.3%$402,500$322,50024.8%
Mount Pleasant269308-12.7%$400,000$423,500-5.5%
Riverland Terrace24-50%$395,000$469,000-15.8%
Whitehall Terrace21100%$381,500$189,100101.7%
Melrose10-$375,000$0-
McClellanville6450%$339,500$247,05037.4%
Awendaw21100%$330,000$154,000114.3%
James Island353016.7%$318,000$314,0001.3%

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