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Saturday, November 23, 2024

Kiawah Island 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 Kiawah Island fell by $375,000 while total sales decreased by 1.3%, according to BlockShopper.com.

From July through December of 2019, there were 79 homes sold, with a median sale price of $620,000 - a 37.7% decrease over the $995,000 median sale price for the same period of the previous year. There were 80 homes sold in Kiawah Island in the second half of 2018.

The median sales tax in Kiawah Island for 2019 was $9,591. In 2018, the median sales tax was $9,092. This marks an increase of 5.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

The following table compares Kiawah Island 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)
Sullivan's Island830-73.3%$1,237,500$2,150,000-42.4%
Edgewater Park4333.3%$794,500$645,00023.2%
Isle of Palms1148928.1%$657,500$815,000-19.3%
Kiawah Island7980-1.3%$620,000$995,000-37.7%
Folly Beach655127.5%$599,000$680,000-11.9%
Awendaw8633.3%$504,488$422,50019.4%
Edisto Island1016-37.5%$498,950$304,45063.9%
Whitehall Terrace45-20%$487,120$375,00029.9%
Mount Pleasant95079719.2%$425,000$431,250-1.4%
McClellanville161060%$425,000$302,00040.7%
Ashley Forest46-33.3%$377,500$445,000-15.2%

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