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Sunday, September 22, 2024

2020: Forest Lakes experienced a 11% drop in median home prices

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The median sale price of a home sold in 2020 in Forest Lakes fell by $33,800 while total sales decreased by 66.7%, according to BlockShopper.com.

From January through December of 2020, there were two homes sold, with a median sale price of $272,450 - a 11% decrease over the $306,250 median sale price for the previous year. There were six homes sold in Forest Lakes in 2019.

The median sales tax in Forest Lakes for the most recent year with available data, 2019, was $1,351, approximately 0.5% of the median home sale price for 2020.

The following table compares Forest Lakes to other Charleston County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Charleston2,9663,170-6.4%$318,750$309,7002.9%
North Pine Point880%$315,000$271,50016%
Drayton236283.3%$300,000$283,0006%
Cedar Springs69-33.3%$290,000$317,500-8.7%
Castlewood21100%$278,750$137,500102.7%
Forest Lakes26-66.7%$272,450$306,250-11%
Adams Run2224-8.3%$265,000$218,00021.6%
Fenwick Hills614-57.1%$262,750$204,10028.7%
Long Branch Estates1516-6.3%$259,000$237,5009.1%
Church Creek911-18.2%$247,000$235,0005.1%
Melrose9580%$239,000$217,5009.9%

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