The median sale price of a home sold in the fourth quarter of 2018 in Sullivan’s Island fell by $400,000 while total sales increased by 42.9%, according to BlockShopper.com.
From October through December of 2018, there were 10 homes sold, with a median sale price of $1,700,000 – a 19% decrease over the $2,100,000 median sale price for the same period of the previous year. There were seven homes sold in Sullivan’s Island in the fourth quarter of 2017.
The median sales tax in Sullivan’s Island for the most recent year with available data, 2015, was $7,193, approximately 0.4% of the median home sale price for the fourth quarter of 2018.
The following table compares Sullivan’s Island to other Charleston County cities with similar median sales prices in the fourth quarter of 2018:
| City | Oct. – Dec. 2018 Home Sales | Oct. – Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. – Dec. 2018 Median Sales Price | Oct. – Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan’s Island | 10 | 7 | 42.9% | $1,700,000 | $2,100,000 | -19% |
| Kiawah Island | 40 | 41 | -2.4% | $942,500 | $740,000 | 27.4% |
| Folly Beach | 28 | 13 | 115.4% | $741,500 | $770,000 | -3.7% |
| Isle of Palms | 32 | 49 | -34.7% | $729,250 | $715,000 | 2% |
| Edgewater Park | 3 | 3 | 0% | $645,000 | $445,000 | 44.9% |
| Meggett | 4 | 3 | 33.3% | $632,000 | $527,564 | 19.8% |
| Capri Isles | 2 | 2 | 0% | $595,000 | $416,750 | 42.8% |
| Hollywood | 7 | 12 | -41.7% | $585,000 | $225,000 | 160% |
| North Pine Point | 1 | 1 | 0% | $539,000 | $160,000 | 236.9% |
| Secessionville Acres | 1 | 0 | – | $500,000 | $0 | – |
| Ashley Forest | 4 | 0 | – | $475,000 | $0 | – |
