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Wednesday, September 25, 2024

Hollywood home prices fall in the third quarter of 2018

Realestate3

The median sale price of a home sold in the third quarter of 2018 in Hollywood fell by $123,000 while total sales decreased by 11.1%, according to BlockShopper.com.

From July through September of 2018, there were eight homes sold, with a median sale price of $267,000 - a 31.5% decrease over the $390,000 median sale price for the same period of the previous year. There were nine homes sold in Hollywood in the third quarter of 2017.

The median sales tax in Hollywood for the most recent year with available data, 2015, was $1,113, approximately 0.4% of the median home sale price for the third quarter of 2018.

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

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Ashley Forest13-66.7%$296,000$395,000-25.1%
Meggett14-75%$295,000$520,750-43.4%
Long Branch Estates20-$287,500$0-
Drayton330%$285,000$220,00029.5%
North Pine Point20-$284,000$0-
Hollywood89-11.1%$267,000$390,000-31.5%
Fenwick Hills12-50%$242,000$236,0002.5%
Church Creek23-33.3%$228,700$230,000-0.6%
Melrose3250%$224,900$207,5008.4%
McClellanville45-20%$222,000$445,000-50.1%
Plantation Estates12-50%$220,000$180,00022.2%

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