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Friday, September 27, 2024

Meggett 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 Meggett rose by $287,064 while total sales increased by 50%, according to BlockShopper.com.

From October through December of 2017, there were three homes sold, with a median sale price of $527,564 - a 119.4% increase over the $240,500 median sale price for the same period of the previous year. There were two homes sold in Meggett in the fourth quarter of 2016.

The median sales tax in Meggett for the most recent year with available data, 2015, was $1,763, approximately 0.3% of the median home sale price for the fourth quarter of 2017.

The following table compares Meggett 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)
Sullivan's Island711-36.4%$2,100,000$1,450,00044.8%
Edisto Island58-37.5%$920,000$267,500243.9%
Folly Beach1324-45.8%$770,000$483,00059.4%
Kiawah Island4148-14.6%$740,000$762,500-3%
Isle of Palms4965-24.6%$715,000$670,0006.7%
Meggett3250%$527,564$240,500119.4%
Riverland Terrace440%$469,000$290,00061.7%
Edgewater Park30-$445,000$0-
Mount Pleasant308441-30.2%$423,500$393,0007.8%
Capri Isles21100%$416,750$860,000-51.5%
Seabrook Island382740.7%$322,500$325,000-0.8%

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