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Wednesday, September 25, 2024

Edisto Island home prices rise in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Edisto Island rose by $111,000 while total sales decreased by 47.1%, according to BlockShopper.com.

From January through June of 2018, there were nine homes sold, with a median sale price of $460,000 - a 31.8% increase over the $349,000 median sale price for the same period of the previous year. There were 17 homes sold in Edisto Island in the first half of 2017.

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 2018.

The following table compares Edisto Island 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)
Isle of Palms111139-20.1%$770,000$675,00014.1%
Edgewater Park62200%$731,108.50$319,250129%
Secessionville Acres14-75%$680,807$216,750214.1%
Folly Beach3558-39.7%$620,000$607,0502.1%
Meggett511-54.5%$557,500$327,00070.5%
Edisto Island917-47.1%$460,000$349,00031.8%
Mount Pleasant692974-29%$426,721$406,569.505%
Ashley Forest59-44.4%$380,000$435,000-12.6%
North Pine Point31200%$377,000$318,00018.6%
Laurel Park330%$370,000$275,00034.5%
Seabrook Island7587-13.8%$360,000$450,000-20%

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