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Friday, November 15, 2024

Wildwood home prices rise in the second half of 2017

Realestate5

The median sale price of a home sold in the second half of 2017 in Wildwood rose by $10,000 while total sales increased by 50%, according to BlockShopper.com.

From July through December of 2017, there were three homes sold, with a median sale price of $54,000 - a 22.7% increase over the $44,000 median sale price for the same period of the previous year. There were two homes sold in Wildwood in the second half of 2016.

The median sales tax in Wildwood for the most recent year with available data, 2015, was $756, approximately 1.4% of the median home sale price for the second half of 2017.

The following table compares Wildwood to other Charleston County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Castlewood110%$188,000$66,000184.8%
Summerville3649-26.5%$183,500$167,9009.3%
Pierpont660%$168,500$180,450-6.6%
Long Branch Estates18-87.5%$165,000$181,250-9%
North Pine Point14-75%$160,000$135,00018.5%
North Charleston446626-28.8%$141,000$120,00017.5%
Adams Run717-58.8%$140,000$90,00055.6%
Ladson2231-29%$123,500$85,00045.3%
Lincolnville23-33.3%$100,000$109,500-8.7%
Ravenel810-20%$97,500$137,500-29.1%
Wildwood3250%$54,000$44,00022.7%

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