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Monday, November 25, 2024

Edisto Island home prices rise in the second quarter of 2017

Realestate5

The median sale price of a home sold in the second quarter of 2017 in Edisto Island rose by $283,870 while total sales increased by 8.3%, according to BlockShopper.com.

From April through June of 2017, there were 13 homes sold, with a median sale price of $545,000 - a 108.7% increase over the $261,130 median sale price for the same period of the previous year. There were 12 homes sold in Edisto Island in the second quarter of 2016.

The median sales tax in Edisto Island for the most recent year with available data, 2015, was $1,668, approximately 0.3% of the median home sale price for the second quarter of 2017.

The following table compares Edisto Island 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)
Sullivan's Island2022-9.1%$1,637,500$1,266,25029.3%
Kiawah Island5259-11.9%$839,500$650,00029.2%
Isle of Palms6987-20.7%$665,000$725,000-8.3%
Folly Beach3640-10%$644,750$530,00021.7%
Edisto Island13128.3%$545,000$261,130108.7%
Seabrook Island584918.4%$462,500$338,00036.8%
Ashley Forest45-20%$433,000$295,00046.8%
Mount Pleasant577750-23.1%$427,000$400,0006.8%
Landsdowne12-50%$372,500$180,000106.9%
McClellanville59-44.4%$341,000$210,00062.4%
Meggett72250%$327,000$405,000-19.3%

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