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Wednesday, September 25, 2024

Edisto Island home prices rise in the third quarter of 2018

Realestate3

The median sale price of a home sold in the third quarter of 2018 in Edisto Island rose by $91,000 while total sales decreased by 12.5%, according to BlockShopper.com.

From July through September of 2018, there were seven homes sold, with a median sale price of $339,000 - a 36.7% increase over the $248,000 median sale price for the same period of the previous year. There were eight homes sold in Edisto Island in the third quarter of 2017.

The median sales tax in Edisto Island for the most recent year with available data, 2015, was $1,668, approximately 0.5% of the median home sale price for the third quarter of 2018.

The following table compares Edisto Island 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)
Mount Pleasant385422-8.8%$431,250$419,8752.7%
Ravenel440%$398,500$61,153.50551.6%
Whitehall Terrace21100%$397,450$355,00012%
Riverland Terrace63100%$363,500$349,9003.9%
Laurel Park13-66.7%$344,600$280,00023.1%
Edisto Island78-12.5%$339,000$248,00036.7%
Chesterfield31200%$324,770$255,00027.4%
James Island403514.3%$308,875$284,0008.8%
Charleston499556-10.3%$300,000$275,0009.1%
Awendaw23-33.3%$300,000$310,000-3.2%
Ashley Forest13-66.7%$296,000$395,000-25.1%

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