There are currently 54 properties for sale on Sullivan’s Island, ranging in price from $299,000 for a one bedroom condo to $5,249,000 for a gorgeous oceanfront home on 1.4 acres. This does not include homes that are for sale by owner, such as the spectacular home at 1851 Ion priced at $5,880,000. So there’s a wide variety from which to choose in a large price range.
From Nov 06 to Nov 07, 23 properties sold on SI for an average sales price of $2,283,293. From Nov 07 through today, 18 homes have sold for an average sales price of $1,719,756. So the number of sales is down, as well as the average sales price.
If you purchased real estate for short term gain, this 2006 to 2008 time period has not been kind, as prices were down throughout the Charleston area. However, in looking at the past ten years, from 1998 to 2007, median sales prices on the islands, including Sullivan’s Island, Wild Dunes and Isle of Palms, increased 246%.
Carolina One is the top agency with sales on Sullivan’s Island over $1million. Click the link below to see a bar graph:
Call me with your real estate questions at any time-Linda Gordon (843)324-3476 or lgordon@carolinaone.com
