Seabrook Island home prices rise in August 2017

Seabrook Island home prices rise in August 2017
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The median sale price of a home sold in August 2017 in Seabrook Island rose by $87,500 while total sales decreased by 14.3%, according to BlockShopper.com.

In August 2017, there were 12 homes sold, with a median sale price of $512,500 – a 20.6% increase over the $425,000 median sale price for the same period of the previous year. There were 14 homes sold in Seabrook Island in August 2016.

The median sales tax in Seabrook Island for the most recent year with available data, 2015, was $3,204, approximately 0.6% of the median home sale price for August 2017.

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

City Aug. 2017 Home Sales Aug. 2016 Home Sales % change (Total Home Sales) Aug. 2017 Median Sales Price Aug. 2016 Median Sales Price % change (Median Sales Price)
Kiawah Island 4 22 -81.8% $1,100,000 $750,000 46.7%
McClellanville 2 2 0% $847,500 $230,000 268.5%
Edgewater Park 1 0 $770,000 $0
Isle of Palms 17 17 0% $750,000 $750,000 0%
Folly Beach 11 9 22.2% $550,000 $625,000 -12%
Seabrook Island 12 14 -14.3% $512,500 $425,000 20.6%
Meggett 2 2 0% $492,250 $447,000 10.1%
Mount Pleasant 113 216 -47.7% $455,000 $375,000 21.3%
Hollywood 4 4 0% $382,125 $253,750 50.6%
Forest Lakes 2 0 $323,000 $0
Riverland Terrace 1 1 0% $315,000 $281,000 12.1%


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