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Friday, September 27, 2024

Riverland Terrace 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 Riverland Terrace rose by $5,000 while total sales decreased by 41.7%, according to BlockShopper.com.

From July through December of 2017, there were seven homes sold, with a median sale price of $355,000 - a 1.4% increase over the $350,000 median sale price for the same period of the previous year. There were 12 homes sold in Riverland Terrace in the second half of 2016.

The median sales tax in Riverland Terrace for the most recent year with available data, 2015, was $1,632, approximately 0.5% of the median home sale price for the second half of 2017.

The following table compares Riverland Terrace 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)
Meggett79-22.2%$527,564$339,00055.6%
Edgewater Park52150%$445,000$343,00029.7%
Mount Pleasant7301,042-29.9%$420,000$377,35011.3%
Ashley Forest39-66.7%$395,000$350,00012.9%
Seabrook Island766418.8%$377,000$327,50015.1%
Riverland Terrace712-41.7%$355,000$350,0001.4%
McClellanville918-50%$307,000$266,710.5015.1%
Awendaw49-55.6%$292,500$350,000-16.4%
Landsdowne550%$289,000$259,90011.2%
James Island65116-44%$289,000$265,0009.1%
Charleston9551,630-41.4%$280,000$265,0005.7%

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