Summerville home prices rise in March 2017

Summerville home prices rise in March 2017
0Comments

The median sale price of a home sold in March 2017 in Summerville rose by $16,050 while total sales decreased by 50%, according to BlockShopper.com.

In March 2017, there were six homes sold, with a median sale price of $187,250 – a 9.4% increase over the $171,200 median sale price for the same period of the previous year. There were 12 homes sold in Summerville in March 2016.

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 March 2017.

The following table compares Summerville to other Charleston County cities with similar median sales prices in March 2017:

City Mar. 2017 Home Sales Mar. 2016 Home Sales % change (Total Home Sales) Mar. 2017 Median Sales Price Mar. 2016 Median Sales Price % change (Median Sales Price)
McClellanville 2 3 -33.3% $222,500 $74,900 197.1%
Ravenel 3 2 50% $195,000 $167,500 16.4%
Church Creek 2 0 $192,500 $0
Fenwick Hills 4 1 300% $192,500 $200,000 -3.8%
Melrose 1 0 $191,850 $0
Summerville 6 12 -50% $187,250 $171,200 9.4%
Castlewood 1 0 $180,000 $0
Long Branch Estates 3 1 200% $165,000 $290,000 -43.1%
Plantation Estates 2 0 $138,970 $0
North Charleston 80 114 -29.8% $127,100 $120,450 5.5%
Pierpont 3 1 200% $125,000 $183,000 -31.7%


Related

Mark McMillan, Owner, President and CEO

Advance Land and Timber outlines key questions for touring affordable South Carolina property

Advance Land and Timber has issued advice for those interested in purchasing low-cost properties in South Carolina. The company stresses careful evaluation during tours regarding access rights, utilities availability,and boundary clarity—helping ensure informed decisions.

Mark McMillan, Owner, President and CEO

South Carolina cheap acreage draws investor interest amid changing land use trends

Investor demand for affordable rural land is rising across South Carolina due to population growth trends. Advance Land And Timber reports increased interest driven by factors such as recreation potential and timber value. Experts say proper marketing helps sellers connect with motivated buyers.

Rental vacancies in South Carolina down 1.1 percent from 2019 to 2020

Rental vacancies in South Carolina down 1.1 percent from 2019 to 2020

Rental vacancies in South Carolina were 9.7 percent in 2020, a decrease of 1.1 percent from the previous year, according to the U.S. Census Bureau report.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Palmetto State News.