From January through December of 2019, there were six homes sold, with a median sale price of $306,250 - a 11.9% decrease over the $347,450 median sale price for the previous year. There were two homes sold in Forest Lakes in 2018.
The median sales tax in Forest Lakes for 2019 was $1,351. In 2018, the median sales tax was $1,324. This marks an increase of 2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.4%.
The following table compares Forest Lakes to other Charleston County cities with similar median sales prices in 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| James Island | 199 | 184 | 8.2% | $322,000 | $306,750 | 5% |
| Ravenel | 22 | 26 | -15.4% | $319,000 | $167,000 | 91% |
| Cedar Springs | 9 | 10 | -10% | $317,500 | $284,750 | 11.5% |
| Secessionville Acres | 7 | 7 | 0% | $312,000 | $345,100 | -9.6% |
| Charleston | 3,134 | 2,387 | 31.3% | $309,950 | $297,500 | 4.2% |
| Forest Lakes | 6 | 2 | 200% | $306,250 | $347,450 | -11.9% |
| Plantation Estates | 5 | 5 | 0% | $290,000 | $229,000 | 26.6% |
| Drayton | 6 | 14 | -57.1% | $283,000 | $262,500 | 7.8% |
| Awendaw | 13 | 13 | 0% | $278,000 | $335,000 | -17% |
| Chesterfield | 6 | 10 | -40% | $274,500 | $303,250 | -9.5% |
| North Pine Point | 8 | 6 | 33.3% | $271,500 | $383,500 | -29.2% |
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