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Wednesday, September 25, 2024

Long Branch Estates home prices fall in the first half of 2018

Realestate1

The median sale price of a home sold in the first half of 2018 in Long Branch Estates fell by $56,000 while total sales decreased by 66.7%, according to BlockShopper.com.

From January through June of 2018, there were two homes sold, with a median sale price of $178,000 - a 23.9% decrease over the $234,000 median sale price for the same period of the previous year. There were six homes sold in Long Branch Estates in the first half of 2017.

The median sales tax in Long Branch Estates for the most recent year with available data, 2015, was $1,047, approximately 0.6% of the median home sale price for the first half of 2018.

The following table compares Long Branch Estates to other Charleston County cities with similar median sales prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Landsdowne8560%$232,636$245,000-5%
Plantation Estates38-62.5%$232,000$197,97017.2%
Ponderosa511-54.5%$219,000$132,00065.9%
Whitehall Terrace61500%$217,500$225,000-3.3%
Summerville2830-6.7%$192,500$187,2502.8%
Long Branch Estates26-66.7%$178,000$234,000-23.9%
Church Creek4333.3%$177,000$190,000-6.8%
Melrose13-66.7%$175,190$165,0006.2%
Ravenel10825%$159,500$142,00012.3%
North Charleston397496-20%$137,000$125,0009.6%
Castlewood220%$133,500$180,000-25.8%

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