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Monday, November 25, 2024

Adams Run home prices fall in the second quarter of 2017

Realestate2

The median sale price of a home sold in the second quarter of 2017 in Adams Run fell by $36,250 while total sales decreased by 40%, according to BlockShopper.com.

From April through June of 2017, there were six homes sold, with a median sale price of $68,750 - a 34.5% decrease over the $105,000 median sale price for the same period of the previous year. There were 10 homes sold in Adams Run in the second quarter of 2016.

The median sales tax in Adams Run for the most recent year with available data, 2015, was $761, approximately 1.1% of the median home sale price for the second quarter of 2017.

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

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Awendaw23-33.3%$217,500$260,000-16.3%
Plantation Estates440%$214,000$195,5009.5%
Summerville1419-26.3%$203,000$178,50013.7%
Church Creek13-66.7%$190,000$205,000-7.3%
Castlewood12-50%$180,000$108,50065.9%
Drayton41300%$170,800$290,000-41.1%
Lincolnville10-$158,000$0-
Ravenel47-42.9%$127,000$165,840-23.4%
North Charleston279343-18.7%$125,000$122,8281.8%
Ladson1318-27.8%$110,000$91,95019.6%
Adams Run610-40%$68,750$105,000-34.5%

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