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Monday, September 23, 2024

Edisto Island home prices rise in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Edisto Island rose by $95,000 while total sales decreased by 54.5%, according to BlockShopper.com.

From April through June of 2020, there were five homes sold, with a median sale price of $405,000 - a 30.6% increase over the $310,000 median sale price for the same period of the previous year. There were 11 homes sold in Edisto Island in the second quarter of 2019.

The median sales tax in Edisto Island for the most recent year with available data, 2019, was $1,789, approximately 0.4% of the median home sale price for the second quarter of 2020.

The following table compares Edisto Island to other Charleston County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Folly Beach2043-53.5%$622,500$575,0008.3%
Riverland Terrace110-90%$550,000$482,50014%
Edgewater Park110%$475,000$425,00011.8%
Meggett47-42.9%$452,450$715,000-36.7%
Mount Pleasant476759-37.3%$430,000$450,000-4.4%
Edisto Island511-54.5%$405,000$310,00030.6%
Ashley Forest311-72.7%$386,000$367,5005%
Capri Isles5366.7%$380,000$240,00058.3%
Seabrook Island4098-59.2%$366,000$538,000-32%
Castlewood10-$352,500$0-
Laurel Park10-$343,500$0-

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