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Palmetto State News

Thursday, September 26, 2024

Seabrook Island home prices fall in April 2018

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The median sale price of a home sold in April 2018 in Seabrook Island fell by $25,000 while total sales increased by 38.5%, according to BlockShopper.com.

In April 2018, there were 18 homes sold, with a median sale price of $500,000 - a 4.8% decrease over the $525,000 median sale price for the same period of the previous year. There were 13 homes sold in Seabrook Island in April 2017.

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 April 2018.

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

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Edisto Island46-33.3%$701,500$610,00015%
Isle of Palms331973.7%$685,000$630,0008.7%
Folly Beach1214-14.3%$676,250$630,5007.3%
Meggett3250%$550,000$571,250-3.7%
Kiawah Island13862.5%$505,000$676,250-25.3%
Seabrook Island181338.5%$500,000$525,000-4.8%
Mount Pleasant15814310.5%$434,000$420,0003.3%
Laurel Park10-$400,000$0-
Ashley Forest3250%$380,000$433,000-12.2%
North Pine Point30-$377,000$0-
Chesterfield10-$360,000$0-

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