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Tuesday, September 24, 2024

Edisto Island home prices fall in the first half of 2019

Realestate3

The median sale price of a home sold in the first half of 2019 in Edisto Island fell by $37,000 while total sales increased by 22.2%, according to BlockShopper.com.

From January through June of 2019, there were 11 homes sold, with a median sale price of $423,000 - a 8% decrease over the $460,000 median sale price for the same period of the previous year. There were nine homes sold in Edisto Island in the first half of 2018.

The median sales tax in Edisto Island for the most recent year with available data, 2015, was $1,668, approximately 0.4% of the median home sale price for the first half of 2019.

The following table compares Edisto Island to other Charleston County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Meggett550%$750,000$557,50034.5%
Folly Beach2735-22.9%$579,000$620,000-6.6%
Seabrook Island6675-12%$472,500$360,00031.3%
Mount Pleasant579692-16.3%$440,000$426,7213.1%
Edgewater Park46-33.3%$427,500$731,108.50-41.5%
Edisto Island11922.2%$423,000$460,000-8%
Chesterfield220%$420,000$275,00052.7%
Ashley Forest6520%$413,500$380,0008.8%
Riverland Terrace9650%$390,000$325,00020%
Laurel Park23-33.3%$389,000$370,0005.1%
McClellanville89-11.1%$383,260$259,95047.4%

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