Seabrook Island home prices fall in the second quarter of 2018

Seabrook Island home prices fall in the second quarter of 2018
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The median sale price of a home sold in the second quarter of 2018 in Seabrook Island fell by $50,500 while total sales decreased by 24.1%, according to BlockShopper.com.

From April through June of 2018, there were 44 homes sold, with a median sale price of $412,000 – a 10.9% decrease over the $462,500 median sale price for the same period of the previous year. There were 58 homes sold in Seabrook Island in the second quarter of 2017.

The median sales tax in Seabrook Island for the most recent year with available data, 2015, was $3,204, approximately 0.8% of the median home sale price for the second quarter of 2018.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in the second quarter of 2018:

City Apr. – June 2018 Home Sales Apr. – June 2017 Home Sales % change (Total Home Sales) Apr. – June 2018 Median Sales Price Apr. – June 2017 Median Sales Price % change (Median Sales Price)
Isle of Palms 55 69 -20.3% $725,000 $665,000 9%
Folly Beach 20 36 -44.4% $612,500 $644,750 -5%
Meggett 5 7 -28.6% $557,500 $327,000 70.5%
Edisto Island 7 13 -46.2% $460,000 $545,000 -15.6%
Mount Pleasant 346 577 -40% $450,000 $427,000 5.4%
Seabrook Island 44 58 -24.1% $412,000 $462,500 -10.9%
McClellanville 3 5 -40% $385,000 $341,000 12.9%
Laurel Park 2 2 0% $382,500 $252,500 51.5%
Ashley Forest 3 4 -25% $380,000 $433,000 -12.2%
North Pine Point 3 0 $377,000 $0
Chesterfield 1 0 $360,000 $0


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