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Sunday, November 24, 2024

Ashley Forest home prices fall in the fourth quarter of 2019

Realestate1

The median sale price of a home sold in the fourth quarter of 2019 in Ashley Forest fell by $67,500 while total sales decreased by 20%, according to BlockShopper.com.

From October through December of 2019, there were four homes sold, with a median sale price of $377,500 - a 15.2% decrease over the $445,000 median sale price for the same period of the previous year. There were five homes sold in Ashley Forest in the fourth quarter of 2018.

The median sales tax in Ashley Forest for 2019 was $2,017. In 2018, the median sales tax was $1,845. This marks an increase of 9.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.5%.

The following table compares Ashley Forest 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)
Cedar Springs20-$497,500$0-
Whitehall Terrace23-33.3%$492,187.50$375,00031.3%
Edisto Island770%$475,000$281,75068.6%
Mount Pleasant38632419.1%$431,000$423,7501.7%
Ravenel6520%$380,000$70,000442.9%
Ashley Forest45-20%$377,500$445,000-15.2%
Hollywood171513.3%$375,000$440,000-14.8%
Secessionville Acres21100%$371,500$500,000-25.7%
Riverland Terrace330%$357,500$275,00030%
James Island39375.4%$340,000$318,0006.9%
Forest Lakes10-$310,000$0-

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