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Monday, November 25, 2024

Drayton home prices fall in the first half of 2017

Realestate2

The median sale price of a home sold in the first half of 2017 in Drayton fell by $25,500 while total sales increased by 100%, according to BlockShopper.com.

From January through June of 2017, there were six homes sold, with a median sale price of $209,500 - a 10.9% decrease over the $235,000 median sale price for the same period of the previous year. There were three homes sold in Drayton in the first half of 2016.

The median sales tax in Drayton for the most recent year with available data, 2015, was $1,278, approximately 0.6% of the median home sale price for the first half of 2017.

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

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Landsdowne5366.7%$245,000$230,0006.5%
Long Branch Estates6450%$234,000$228,0002.6%
Forest Lakes12-50%$230,000$239,700-4%
Whitehall Terrace12-50%$225,000$356,500-36.9%
Secessionville Acres440%$216,750$244,500-11.3%
Drayton63100%$209,500$235,000-10.9%
Fenwick Hills7616.7%$200,000$198,5000.8%
Plantation Estates84100%$197,970$195,5001.3%
Church Creek36-50%$190,000$205,850-7.7%
Summerville3040-25%$187,250$179,2004.5%
Castlewood24-50%$180,000$109,00065.1%

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