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Saturday, November 23, 2024

Green Acres 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 Green Acres fell by $6,500 while total sales decreased by 60%, according to BlockShopper.com.

From July through December of 2019, there were two homes sold, with a median sale price of $307,500 - a 2.1% decrease over the $314,000 median sale price for the same period of the previous year. There were five homes sold in Green Acres in the second half of 2018.

The median sales tax in Green Acres for 2019 was $1,691. In 2018, the median sales tax was $1,587. This marks an increase of 6.5%. 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 Green Acres 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)
James Island6980-13.8%$329,000$315,5004.3%
Riverland Terrace89-11.1%$323,500$347,000-6.8%
Plantation Estates12-50%$319,000$175,00082.3%
Seabrook Island957625%$316,000$505,000-37.4%
Forest Lakes10-$310,000$0-
Green Acres25-60%$307,500$314,000-2.1%
Charleston1,2941,11815.7%$302,000$298,539.501.2%
Landsdowne5366.7%$289,000$200,00044.5%
Chesterfield26-66.7%$274,500$313,135-12.3%
North Pine Point23-33.3%$272,500$390,000-30.1%
Drayton57-28.6%$269,500$265,0001.7%

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