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Monday, November 25, 2024

James Island 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 James Island rose by $20,000 while total sales decreased by 18.2%, according to BlockShopper.com.

From January through March of 2017, there were 63 homes sold, with a median sale price of $265,000 - a 8.2% increase over the $245,000 median sale price for the same period of the previous year. There were 77 homes sold in James Island in the first quarter of 2016.

The median sales tax in James Island for the most recent year with available data, 2015, was $1,253, approximately 0.5% of the median home sale price for the first quarter of 2017.

The following table compares James Island 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)
Chesterfield20-$287,500$0-
Charleston579620-6.6%$277,000$245,00013.1%
Hollywood1018-44.4%$275,950$241,95014.1%
Riverland Terrace410-60%$265,750$266,250-0.2%
Edisto Island47-42.9%$265,681$305,000-12.9%
James Island6377-18.2%$265,000$245,0008.2%
McClellanville770%$265,000$134,50097%
Drayton220%$250,000$220,75013.3%
Landsdowne41300%$242,500$250,000-3%
Forest Lakes110%$230,000$229,9000%
Secessionville Acres23-33.3%$193,000$244,000-20.9%

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