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Saturday, November 23, 2024

Edisto Island home prices rise in 2019

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The median sale price of a home sold in 2019 in Edisto Island rose by $100,100 while total sales increased by 37%, according to BlockShopper.com.

From January through December of 2019, there were 37 homes sold, with a median sale price of $399,000 - a 33.5% increase over the $298,900 median sale price for the previous year. There were 27 homes sold in Edisto Island in 2018.

The median sales tax in Edisto Island for 2019 was $1,789. In 2018, the median sales tax was $1,754. This marks an increase of 2.1%. 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 Edisto Island to other Charleston County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Folly Beach1479653.1%$579,000$634,500-8.7%
Edgewater Park111010%$480,000$697,500-31.2%
Whitehall Terrace715-53.3%$449,000$300,00049.7%
Mount Pleasant2,2001,62835.1%$429,000$430,000-0.2%
McClellanville322152.4%$405,000$261,00055.2%
Edisto Island372737%$399,000$298,90033.5%
Riverland Terrace211450%$390,000$346,00012.7%
Laurel Park26-66.7%$389,000$354,8009.6%
Ashley Forest211275%$385,000$445,000-13.5%
Seabrook Island23816742.5%$384,000$408,000-5.9%
Meggett2912141.7%$365,000$553,750-34.1%

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