Summerville home prices fall in August 2018

Summerville home prices fall in August 2018
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The median sale price of a home sold in August 2018 in Summerville fell by $36,750 while total sales decreased by 62.5%, according to BlockShopper.com.

In August 2018, there were three homes sold, with a median sale price of $170,000 – a 17.8% decrease over the $206,750 median sale price for the same period of the previous year. There were eight homes sold in Summerville in August 2017.

The median sales tax in Summerville for the most recent year with available data, 2015, was $862, approximately 0.5% of the median home sale price for August 2018.

The following table compares Summerville to other Charleston County cities with similar median sales prices in August 2018:

City Aug. 2018 Home Sales Aug. 2017 Home Sales % change (Total Home Sales) Aug. 2018 Median Sales Price Aug. 2017 Median Sales Price % change (Median Sales Price)
Chesterfield 1 1 0% $301,500 $255,000 18.2%
James Island 13 10 30% $285,000 $294,500 -3.2%
Drayton 1 1 0% $285,000 $220,000 29.5%
Hollywood 2 4 -50% $258,500 $382,125 -32.4%
Melrose 1 1 0% $224,900 $165,000 36.3%
North Pine Point 1 0 $178,000 $0
Summerville 3 8 -62.5% $170,000 $206,750 -17.8%
North Charleston 87 86 1.2% $150,000 $133,450 12.4%
Ponderosa 1 2 -50% $90,400 $157,500 -42.6%
Ladson 4 1 300% $84,000 $40,000 110%
Lincolnville 3 0 $80,000 $0


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