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Wednesday, September 25, 2024

Drayton home prices rise in the second quarter of 2018

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The median sale price of a home sold in the second quarter of 2018 in Drayton rose by $91,700 while total sales decreased by 50%, according to BlockShopper.com.

From April through June of 2018, there were two homes sold, with a median sale price of $262,500 - a 53.7% increase over the $170,800 median sale price for the same period of the previous year. There were four homes sold in Drayton in the second quarter of 2017.

The median sales tax in Drayton for the most recent year with available data, 2015, was $1,278, approximately 0.5% of the median home sale price for the second quarter of 2018.

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

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
James Island3865-41.5%$317,000$297,0006.7%
Forest Lakes10-$299,900$0-
Charleston508768-33.9%$288,400$290,000-0.6%
Whitehall Terrace41300%$287,500$225,00027.8%
Hollywood1013-23.1%$284,500$245,00016.1%
Drayton24-50%$262,500$170,80053.7%
Landsdowne61500%$259,136$372,500-30.4%
Long Branch Estates13-66.7%$236,000$252,500-6.5%
Plantation Estates34-25%$232,000$214,0008.4%
Summerville14140%$193,500$203,000-4.7%
Ravenel5425%$179,000$127,00040.9%

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