The median sale price of a home sold in the second half of 2017 in Sullivan’s Island rose by $435,000 while total sales decreased by 9.7%, according to BlockShopper.com.
From July through December of 2017, there were 28 homes sold, with a median sale price of $1,685,000 – a 34.8% increase over the $1,250,000 median sale price for the same period of the previous year. There were 31 homes sold in Sullivan’s Island in the second half of 2016.
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 second half of 2017.
The following table compares Sullivan’s Island to other Charleston County cities with similar median sales prices in the second half of 2017:
| City | July – Dec. 2017 Home Sales | July – Dec. 2016 Home Sales | % change (Total Home Sales) | July – Dec. 2017 Median Sales Price | July – Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan’s Island | 28 | 31 | -9.7% | $1,685,000 | $1,250,000 | 34.8% |
| Kiawah Island | 72 | 101 | -28.7% | $735,000 | $740,000 | -0.7% |
| Isle of Palms | 110 | 121 | -9.1% | $702,500 | $690,000 | 1.8% |
| Folly Beach | 41 | 58 | -29.3% | $615,000 | $512,500 | 20% |
| Meggett | 7 | 9 | -22.2% | $527,564 | $339,000 | 55.6% |
| Edgewater Park | 5 | 2 | 150% | $445,000 | $343,000 | 29.7% |
| Mount Pleasant | 730 | 1,042 | -29.9% | $420,000 | $377,350 | 11.3% |
| Ashley Forest | 3 | 9 | -66.7% | $395,000 | $350,000 | 12.9% |
| Seabrook Island | 76 | 64 | 18.8% | $377,000 | $327,500 | 15.1% |
| Riverland Terrace | 7 | 12 | -41.7% | $355,000 | $350,000 | 1.4% |
| McClellanville | 9 | 18 | -50% | $307,000 | $266,710.50 | 15.1% |
