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Sunday, November 24, 2024

Capri Isles home prices fall in the fourth quarter of 2019

Realestate3

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Adobe Stock

The median sale price of a home sold in the fourth quarter of 2019 in Capri Isles fell by $365,000 while total sales decreased by 25%, according to BlockShopper.com.

From October through December of 2019, there were three homes sold, with a median sale price of $230,000 - a 61.3% decrease over the $595,000 median sale price for the same period of the previous year. There were four homes sold in Capri Isles in the fourth quarter of 2018.

The median sales tax in Capri Isles for 2019 was $1,960. In 2018, the median sales tax was $1,816. This marks an increase of 7.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.

The following table compares Capri Isles to other Charleston County cities with similar median sales prices in the fourth quarter of 2019:

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Pierpont10-$268,000$0-
Adams Run58-37.5%$265,500$137,50093.1%
Ponderosa42100%$242,500$181,85033.4%
Green Acres15-80%$240,000$314,000-23.6%
Church Creek50-$238,000$0-
Capri Isles34-25%$230,000$595,000-61.3%
Summerville241926.3%$217,750$205,0006.2%
Long Branch Estates72250%$187,500$291,000-35.6%
North Charleston30225717.5%$163,000$128,50026.8%
Meggett35-40%$160,000$614,000-73.9%
Ladson231553.3%$150,500$120,00025.4%

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