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Friday, November 15, 2024

Drayton home prices rise in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Drayton rose by $38,000 while total sales decreased by 40%, according to BlockShopper.com.

From October through December of 2017, there were three homes sold, with a median sale price of $275,000 - a 16% increase over the $237,000 median sale price for the same period of the previous year. There were five homes sold in Drayton in the fourth quarter of 2016.

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 fourth quarter of 2017.

The following table compares Drayton to other Charleston County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Capri Isles21100%$416,750$860,000-51.5%
Seabrook Island382740.7%$322,500$325,000-0.8%
James Island3049-38.8%$314,000$257,50021.9%
Charleston399656-39.2%$282,000$267,5005.4%
Landsdowne3250%$275,000$249,95010%
Drayton35-40%$275,000$237,00016%
Laurel Park12-50%$275,000$327,500-16%
McClellanville45-20%$247,050$270,000-8.5%
Church Creek15-80%$230,000$199,90015.1%
Plantation Estates40-$227,000$0-
Ponderosa5425%$226,000$210,0007.6%

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