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Palmetto State News

Tuesday, September 24, 2024

Seabrook Island home prices fall in January 2019

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The median sale price of a home sold in January 2019 in Seabrook Island fell by $47,250 while total sales decreased by 37.5%, according to BlockShopper.com.

In January 2019, there were five homes sold, with a median sale price of $385,000 - a 10.9% decrease over the $432,250 median sale price for the same period of the previous year. There were eight homes sold in Seabrook Island in January 2018.

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 January 2019.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in January 2019:

CityJan. 2019 Home SalesJan. 2018 Home Sales% change (Total Home Sales)Jan. 2019 Median Sales PriceJan. 2018 Median Sales Price% change (Median Sales Price)
Ravenel110%$417,143$30,0001290.5%
Forest Lakes10-$397,000$0-
Plantation Estates10-$395,000$0-
James Island617-64.7%$395,000$281,60040.3%
Riverland Terrace110%$390,000$272,00043.4%
Seabrook Island58-37.5%$385,000$432,250-10.9%
Folly Beach25-60%$378,500$512,000-26.1%
McClellanville20-$301,250$0-
Ashley Forest10-$301,000$0-
Secessionville Acres10-$300,000$0-
Long Branch Estates10-$288,000$0-

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