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Saturday, November 23, 2024

Long Branch Estates home prices fall in the second half of 2019

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The median sale price of a home sold in the second half of 2019 in Long Branch Estates fell by $77,250 while total sales increased by 100%, according to BlockShopper.com.

From July through December of 2019, there were 10 homes sold, with a median sale price of $213,750 - a 26.5% decrease over the $291,000 median sale price for the same period of the previous year. There were five homes sold in Long Branch Estates in the second half of 2018.

The median sales tax in Long Branch Estates for 2019 was $1,144. In 2018, the median sales tax was $1,103. This marks an increase of 3.7%. 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 Long Branch Estates to other Charleston County cities with similar median sales prices in the second half of 2019:

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Church Creek52150%$238,000$228,7004.1%
Adams Run1314-7.1%$229,100$167,62536.7%
Summerville593378.8%$224,000$209,5006.9%
Ponderosa880%$219,000$170,85028.2%
Melrose440%$217,500$247,450-12.1%
Long Branch Estates105100%$213,750$291,000-26.5%
North Charleston66351828%$163,000$140,25016.2%
Ladson413036.7%$149,990$100,00050%
Castlewood10-$137,500$0-
Lincolnville9812.5%$125,000$189,500-34%
Wildwood13-66.7%$62,000$40,00055%

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