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Friday, November 15, 2024

Edisto Island home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Edisto Island rose by $34,000 while total sales decreased by 13.3%, according to BlockShopper.com.

From July through December of 2017, there were 13 homes sold, with a median sale price of $249,000 - a 15.8% increase over the $215,000 median sale price for the same period of the previous year. There were 15 homes sold in Edisto Island in the second half of 2016.

The median sales tax in Edisto Island for the most recent year with available data, 2015, was $1,668, approximately 0.7% of the median home sale price for the second half of 2017.

The following table compares Edisto Island 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)
Drayton67-14.3%$261,750$237,00010.4%
Secessionville Acres45-20%$260,450$245,0006.3%
Hollywood2125-16%$260,000$265,000-1.9%
Chesterfield12-50%$255,000$183,87538.7%
Forest Lakes51400%$250,000$205,00022%
Edisto Island1315-13.3%$249,000$215,00015.8%
Fenwick Hills24-50%$236,000$85,000177.6%
Capri Isles45-20%$234,250$323,000-27.5%
Church Creek49-55.6%$230,000$231,500-0.6%
Plantation Estates61500%$227,000$107,000112.1%
Ponderosa813-38.5%$219,000$200,0009.5%

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