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Monday, September 23, 2024

James Island home prices rise in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in James Island rose by $16,250 while total sales increased by 25.8%, according to BlockShopper.com.

From January through March of 2020, there were 78 homes sold, with a median sale price of $321,250 - a 5.3% increase over the $305,000 median sale price for the same period of the previous year. There were 62 homes sold in James Island in the first quarter of 2019.

The median sales tax in James Island for the most recent year with available data, 2019, was $1,291, approximately 0.4% of the median home sale price for the first quarter of 2020.

The following table compares James Island to other Charleston County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Mount Pleasant430491-12.4%$410,000$413,000-0.7%
Edisto Island516-68.8%$400,000$423,000-5.4%
Seabrook Island47454.4%$385,000$325,00018.5%
Awendaw35-40%$382,500$155,000146.8%
Riverland Terrace63100%$377,500$312,00021%
James Island786225.8%$321,250$305,0005.3%
Hollywood932-71.9%$316,500$300,0005.5%
Laurel Park3250%$310,000$389,000-20.3%
Charleston676767-11.9%$307,100$306,0000.4%
Plantation Estates13-66.7%$299,500$188,25059.1%
Chesterfield20-$299,250$0-

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