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Monday, September 23, 2024

Sullivan's Island home prices fall in March 2020

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The median sale price of a home sold in March 2020 in Sullivan's Island fell by $784,679 while total sales decreased by 66.7%, according to BlockShopper.com.

In March 2020, there were two homes sold, with a median sale price of $645,321 - a 54.9% decrease over the $1,430,000 median sale price for the same period of the previous year. There were six homes sold in Sullivan's Island in March 2019.

The median sales tax in Sullivan's Island for the most recent year with available data, 2019, was $9,160, approximately 1.4% of the median home sale price for March 2020.

The following table compares Sullivan's 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)
Isle of Palms1339-66.7%$783,500$780,0000.4%
Secessionville Acres10-$670,000$0-
Sullivan's Island26-66.7%$645,321$1,430,000-54.9%
Folly Beach516-68.8%$615,000$536,25014.7%
Awendaw20-$570,750$0-
Kiawah Island1012-16.7%$512,500$583,000-12.1%
Ashley Forest220%$454,000$395,00014.9%
Whitehall Terrace220%$452,500$342,00032.3%
Meggett13-66.7%$449,000$365,00023%
Seabrook Island282133.3%$400,000$310,00029%
Mount Pleasant181195-7.2%$395,000$395,0000%

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