Seabrook Island home prices fall in May 2017

Seabrook Island home prices fall in May 2017
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The median sale price of a home sold in May 2017 in Seabrook Island fell by $274,000 while total sales increased by 76.9%, according to BlockShopper.com.

In May 2017, there were 23 homes sold, with a median sale price of $375,000 – a 42.2% decrease over the $649,000 median sale price for the same period of the previous year. There were 13 homes sold in Seabrook Island in May 2016.

The median sales tax in Seabrook Island for the most recent year with available data, 2015, was $3,204, approximately 0.9% of the median home sale price for May 2017.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in May 2017:

City May 2017 Home Sales May 2016 Home Sales % change (Total Home Sales) May 2017 Median Sales Price May 2016 Median Sales Price % change (Median Sales Price)
Edisto Island 3 3 0% $750,000 $338,000 121.9%
Isle of Palms 26 28 -7.1% $650,000 $1,022,500 -36.4%
Folly Beach 11 12 -8.3% $568,000 $532,500 6.7%
Ashley Forest 1 4 -75% $495,000 $308,500 60.5%
Mount Pleasant 207 237 -12.7% $435,000 $400,000 8.8%
Seabrook Island 23 13 76.9% $375,000 $649,000 -42.2%
Meggett 4 1 300% $321,000 $90,000 256.7%
Riverland Terrace 2 1 100% $309,500 $532,000 -41.8%
Capri Isles 1 1 0% $290,000 $231,500 25.3%
Charleston 282 323 -12.7% $284,500 $265,000 7.4%
Secessionville Acres 1 0 $284,210 $0


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