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Palmetto State News

Thursday, September 26, 2024

Seabrook Island home prices fall in February 2018

Realestate4

The median sale price of a home sold in February 2018 in Seabrook Island fell by $117,500 while total sales increased by 25%, according to BlockShopper.com.

In February 2018, there were 10 homes sold, with a median sale price of $302,500 - a 28% decrease over the $420,000 median sale price for the same period of the previous year. There were eight homes sold in Seabrook Island in February 2017.

The median sales tax in Seabrook Island for the most recent year with available data, 2015, was $3,204, approximately 1.1% of the median home sale price for February 2018.

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

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Folly Beach56-16.7%$450,000$687,500-34.5%
Ashley Forest110%$450,000$320,00040.6%
Mount Pleasant73144-49.3%$439,000$390,00012.6%
Riverland Terrace20-$357,000$0-
Awendaw10-$335,000$0-
Seabrook Island10825%$302,500$420,000-28%
Charleston135162-16.7%$275,000$263,7504.3%
McClellanville3250%$262,500$121,000116.9%
James Island1520-25%$260,000$235,50010.4%
Adams Run220%$245,000$118,500106.8%
Drayton21100%$241,000$255,000-5.5%

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