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Monday, September 23, 2024

Edisto Island home prices fall in March 2020

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The median sale price of a home sold in March 2020 in Edisto Island fell by $162,500 while total sales decreased by 60%, according to BlockShopper.com.

In March 2020, there were four homes sold, with a median sale price of $312,500 - a 34.2% decrease over the $475,000 median sale price for the same period of the previous year. There were 10 homes sold in Edisto Island in March 2019.

The median sales tax in Edisto Island for the most recent year with available data, 2019, was $1,789, approximately 0.6% of the median home sale price for March 2020.

The following table compares Edisto Island to other Charleston County cities with similar median sales prices in March 2020:

CityMar. 2020 Home SalesMar. 2019 Home Sales% change (Total Home Sales)Mar. 2020 Median Sales PriceMar. 2019 Median Sales Price% change (Median Sales Price)
Laurel Park110%$370,500$375,000-1.2%
Riverland Terrace20-$350,000$0-
James Island3235-8.6%$345,550$320,0008%
Capri Isles30-$327,000$0-
Charleston261333-21.6%$320,000$317,5000.8%
Edisto Island410-60%$312,500$475,000-34.2%
Plantation Estates110%$299,500$94,500216.9%
Adams Run35-40%$267,000$130,000105.4%
Fenwick Hills220%$259,050$150,00072.7%
Ponderosa220%$254,500$180,00041.4%
Drayton30-$251,100$0-

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