Seabrook Island home prices rise in the first half of 2019

Seabrook Island home prices rise in the first half of 2019
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The median sale price of a home sold in the first half of 2019 in Seabrook Island rose by $112,500 while total sales decreased by 12%, according to BlockShopper.com.

From January through June of 2019, there were 66 homes sold, with a median sale price of $472,500 – a 31.3% increase over the $360,000 median sale price for the same period of the previous year. There were 75 homes sold in Seabrook Island in the first half of 2018.

The median sales tax in Seabrook Island for the most recent year with available data, 2015, was $3,204, approximately 0.7% of the median home sale price for the first half of 2019.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in the first half of 2019:

City Jan. – June 2019 Home Sales Jan. – June 2018 Home Sales % change (Total Home Sales) Jan. – June 2019 Median Sales Price Jan. – June 2018 Median Sales Price % change (Median Sales Price)
Sullivan’s Island 21 24 -12.5% $2,000,000 $1,932,500 3.5%
Isle of Palms 94 111 -15.3% $850,000 $770,000 10.4%
Kiawah Island 56 66 -15.2% $752,500 $847,500 -11.2%
Meggett 5 5 0% $750,000 $557,500 34.5%
Folly Beach 27 35 -22.9% $579,000 $620,000 -6.6%
Seabrook Island 66 75 -12% $472,500 $360,000 31.3%
Mount Pleasant 579 692 -16.3% $440,000 $426,721 3.1%
Edgewater Park 4 6 -33.3% $427,500 $731,108.50 -41.5%
Edisto Island 11 9 22.2% $423,000 $460,000 -8%
Chesterfield 2 2 0% $420,000 $275,000 52.7%
Ashley Forest 6 5 20% $413,500 $380,000 8.8%


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