The median sale price of a home sold in the third quarter of 2017 in Sullivan’s Island rose by $436,250 while total sales increased by 5%, according to BlockShopper.com.
From July through September of 2017, there were 21 homes sold, with a median sale price of $1,630,000 – a 36.5% increase over the $1,193,750 median sale price for the same period of the previous year. There were 20 homes sold in Sullivan’s Island in the third quarter 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 third quarter of 2017.
The following table compares Sullivan’s Island to other Charleston County cities with similar median sales prices in the third quarter of 2017:
| City | July – Sept. 2017 Home Sales | July – Sept. 2016 Home Sales | % change (Total Home Sales) | July – Sept. 2017 Median Sales Price | July – Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan’s Island | 21 | 20 | 5% | $1,630,000 | $1,193,750 | 36.5% |
| Kiawah Island | 31 | 53 | -41.5% | $722,500 | $740,000 | -2.4% |
| Isle of Palms | 61 | 56 | 8.9% | $685,000 | $717,125 | -4.5% |
| Edgewater Park | 2 | 2 | 0% | $545,000 | $343,000 | 58.9% |
| Folly Beach | 28 | 34 | -17.6% | $544,500 | $527,000 | 3.3% |
| Meggett | 4 | 7 | -42.9% | $520,750 | $400,000 | 30.2% |
| McClellanville | 5 | 13 | -61.5% | $445,000 | $263,421 | 68.9% |
| Seabrook Island | 38 | 37 | 2.7% | $442,000 | $375,000 | 17.9% |
| Mount Pleasant | 422 | 601 | -29.8% | $419,875 | $369,500 | 13.6% |
| Ashley Forest | 3 | 3 | 0% | $395,000 | $343,000 | 15.2% |
| Hollywood | 9 | 16 | -43.8% | $390,000 | $253,750 | 53.7% |
