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Monday, November 25, 2024

Mount Pleasant 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 Mount Pleasant rose by $26,000 while total sales decreased by 6.8%, according to BlockShopper.com.

From January through March of 2017, there were 397 homes sold, with a median sale price of $385,000 - a 7.2% increase over the $359,000 median sale price for the same period of the previous year. There were 426 homes sold in Mount Pleasant in the first quarter of 2016.

The median sales tax in Mount Pleasant for the most recent year with available data, 2015, was $1,649, approximately 0.4% of the median home sale price for the first quarter of 2017.

The following table compares Mount Pleasant 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)
Kiawah Island353112.9%$694,000$550,00026.2%
Isle of Palms705234.6%$677,500$700,000-3.2%
Folly Beach2230-26.7%$524,250$464,40012.9%
Ashley Forest56-16.7%$435,000$305,487.5042.4%
Seabrook Island2932-9.4%$420,000$357,50017.5%
Mount Pleasant397426-6.8%$385,000$359,0007.2%
Meggett440%$365,000$368,000-0.8%
Awendaw21100%$347,000$120,000189.2%
Laurel Park15-80%$330,000$315,0004.8%
North Pine Point15-80%$318,000$245,00029.8%
Chesterfield20-$287,500$0-

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