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Friday, November 15, 2024

Kiawah Island home prices fall in the fourth quarter of 2017

Realestate5

The median sale price of a home sold in the fourth quarter of 2017 in Kiawah Island fell by $22,500 while total sales decreased by 14.6%, according to BlockShopper.com.

From October through December of 2017, there were 41 homes sold, with a median sale price of $740,000 - a 3% decrease over the $762,500 median sale price for the same period of the previous year. There were 48 homes sold in Kiawah Island in the fourth quarter of 2016.

The median sales tax in Kiawah Island for the most recent year with available data, 2015, was $8,132, approximately 1.1% of the median home sale price for the fourth quarter of 2017.

The following table compares Kiawah Island 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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