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Sunday, November 24, 2024

James Island home prices rise in the third quarter of 2017

Realestate4

The median sale price of a home sold in the third quarter of 2017 in James Island rose by $9,000 while total sales decreased by 47.8%, according to BlockShopper.com.

From July through September of 2017, there were 35 homes sold, with a median sale price of $284,000 - a 3.3% increase over the $275,000 median sale price for the same period of the previous year. There were 67 homes sold in James Island in the third quarter of 2016.

The median sales tax in James Island for the most recent year with available data, 2015, was $1,253, approximately 0.4% of the median home sale price for the third quarter of 2017.

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

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Hollywood916-43.8%$390,000$253,75053.7%
Whitehall Terrace12-50%$355,000$392,250-9.5%
Riverland Terrace38-62.5%$349,900$402,500-13.1%
Awendaw37-57.1%$310,000$575,000-46.1%
Landsdowne23-33.3%$299,500$305,000-1.8%
James Island3567-47.8%$284,000$275,0003.3%
Laurel Park36-50%$280,000$297,250-5.8%
Charleston556974-42.9%$275,000$265,0003.8%
Forest Lakes40-$270,000$0-
Secessionville Acres440%$260,450$217,00020%
Chesterfield12-50%$255,000$183,87538.7%

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