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Saturday, November 23, 2024

Kiawah Island home prices fall in October 2019

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The median sale price of a home sold in October 2019 in Kiawah Island fell by $477,500 while total sales decreased by 47.4%, according to BlockShopper.com.

In October 2019, there were 10 homes sold, with a median sale price of $412,500 - a 53.7% decrease over the $890,000 median sale price for the same period of the previous year. There were 19 homes sold in Kiawah Island in October 2018.

The median sales tax in Kiawah Island for 2019 was $9,591. In 2018, the median sales tax was $9,092. This marks an increase of 5.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares Kiawah Island to other Charleston County cities with similar median sales prices in October 2019:

CityOct. 2019 Home SalesOct. 2018 Home Sales% change (Total Home Sales)Oct. 2019 Median Sales PriceOct. 2018 Median Sales Price% change (Median Sales Price)
McClellanville34-25%$650,000$227,950185.2%
Isle of Palms1119-42.1%$603,000$763,500-21%
Folly Beach141040%$550,950$779,750-29.3%
Mount Pleasant11910810.2%$450,000$448,5000.3%
Ravenel14-75%$420,000$112,500273.3%
Kiawah Island1019-47.4%$412,500$890,000-53.7%
Ashley Forest14-75%$385,000$445,000-13.5%
Hollywood6450%$382,500$502,041.50-23.8%
James Island1016-37.5%$362,500$288,00025.9%
Edisto Island14-75%$327,000$257,95026.8%
Awendaw21100%$305,000$495,000-38.4%

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