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Monday, November 25, 2024

Ravenel home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Ravenel rose by $57,184 while total sales decreased by 33.3%, according to BlockShopper.com.

From January through March of 2017, there were four homes sold, with a median sale price of $160,000 - a 55.6% increase over the $102,817 median sale price for the same period of the previous year. There were six homes sold in Ravenel in the first quarter of 2016.

The median sales tax in Ravenel for the most recent year with available data, 2015, was $891, approximately 0.6% of the median home sale price for the first quarter of 2017.

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

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Church Creek23-33.3%$192,500$206,700-6.9%
Castlewood12-50%$180,000$109,00065.1%
Summerville1621-23.8%$172,500$179,500-3.9%
Melrose31200%$165,000$202,800-18.6%
Long Branch Estates31200%$165,000$290,000-43.1%
Ravenel46-33.3%$160,000$102,816.5055.6%
Plantation Estates40-$142,720$0-
North Charleston217276-21.4%$126,900$109,00016.4%
Pierpont71600%$125,000$183,000-31.7%
Ponderosa72250%$116,000$149,000-22.1%
Ladson1119-42.1%$93,000$110,000-15.5%

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