Sullivan’s Island Real Estate Trend 2015

Nicknamed by locals as “Mayberry by the Sea”, Sullivan’s Island has become an extremely attractive place to call home over the past several years. While the island’s locals have undoubtedly molded the current culture of Sullivan’s Island, it is starting to gain lots of national and global attention. With a population of over 1,800, the modest beach town, with history dating back to the 17th century, has been receiving attention from buyers in California, New York, London, and elsewhere.

Assisting with the rapid growth seen on Sullivan’s Island is Charleston’s wide reach; thanks in part to Boeing, the upcoming Volvo and Mercedes-Benz plants, Charleston’s reputation as a great retirement area, and our recognition as the #1 city in the US and #2 in the world, which is giving Charleston global exposure. The average price for a home on Sullivan’s Island is $1.4 million, but that is not stopping buyers from landing on the 3.4-square-mile island.

According to area realtors, 39 homes have been sold through August, which puts Sullivan’s Island on pace to beat the record 45 homes sold in 2005. Residents love Sullivan’s Island because of its strong community feel. Sullivan’s Island has passed multiple ordinances, such as no weekly rentals, no buildings over 38 feet, and no houses over 5,600 square feet, that residents say keep the island from becoming a resort. People from all over are falling in love with Sullivan’s Island, and you can’t blame them.