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Thursday, September 26, 2024

Edisto Island home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Edisto Island rose by $181,819 while total sales decreased by 50%, according to BlockShopper.com.

From January through March of 2018, there were two homes sold, with a median sale price of $447,500 - a 68.4% increase over the $265,681 median sale price for the same period of the previous year. There were four homes sold in Edisto Island in the first quarter of 2017.

The median sales tax in Edisto Island for the most recent year with available data, 2015, was $1,668, approximately 0.4% of the median home sale price for the first quarter of 2018.

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

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Sullivan's Island1112-8.3%$2,000,000$1,737,50015.1%
Isle of Palms5670-20%$918,750$677,50035.6%
Kiawah Island3335-5.7%$875,000$694,00026.1%
Secessionville Acres12-50%$680,807$193,000252.7%
Folly Beach1522-31.8%$660,000$524,25025.9%
Edisto Island24-50%$447,500$265,68168.4%
Ashley Forest25-60%$410,000$435,000-5.7%
Mount Pleasant346397-12.8%$405,500$385,0005.3%
Forest Lakes110%$395,000$230,00071.7%
Laurel Park110%$370,000$330,00012.1%
Riverland Terrace440%$308,500$265,75016.1%

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