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Wednesday, September 25, 2024

Sullivan's Island 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 Sullivan's Island rose by $203,588 while total sales decreased by 35%, according to BlockShopper.com.

From April through June of 2018, there were 13 homes sold, with a median sale price of $1,841,088 - a 12.4% increase over the $1,637,500 median sale price for the same period of the previous year. There were 20 homes sold in Sullivan's Island in the second quarter of 2017.

The median sales tax in Sullivan's Island for the most recent year with available data, 2015, was $7,193, approximately 0.4% of the median home sale price for the second quarter of 2018.

The following table compares Sullivan's Island 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)
Sullivan's Island1320-35%$1,841,088$1,637,50012.4%
Edgewater Park52150%$950,000$319,250197.6%
Awendaw12-50%$825,000$217,500279.3%
Kiawah Island3352-36.5%$780,000$839,500-7.1%
Isle of Palms5569-20.3%$725,000$665,0009%
Folly Beach2036-44.4%$612,500$644,750-5%
Meggett57-28.6%$557,500$327,00070.5%
Edisto Island713-46.2%$460,000$545,000-15.6%
Mount Pleasant346577-40%$450,000$427,0005.4%
Seabrook Island4458-24.1%$412,000$462,500-10.9%
McClellanville35-40%$385,000$341,00012.9%

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