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Palmetto State News

Wednesday, September 25, 2024

Seabrook Island home prices rise in October 2018

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The median sale price of a home sold in October 2018 in Seabrook Island rose by $144,500 while total sales decreased by 16.7%, according to BlockShopper.com.

In October 2018, there were 10 homes sold, with a median sale price of $479,500 - a 43.1% increase over the $335,000 median sale price for the same period of the previous year. There were 12 homes sold in Seabrook Island in October 2017.

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 October 2018.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Hollywood23-33.3%$671,000$240,000179.6%
Edgewater Park110%$645,000$815,000-20.9%
Kiawah Island1517-11.8%$620,000$745,000-16.8%
North Pine Point10-$539,000$0-
Riverland Terrace13-66.7%$515,000$355,00045.1%
Seabrook Island1012-16.7%$479,500$335,00043.1%
Ashley Forest30-$445,000$0-
Mount Pleasant907815.4%$443,500$394,45012.4%
McClellanville3250%$379,900$222,50070.7%
Melrose10-$375,000$0-
Ravenel220%$288,750$132,500117.9%

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