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Palmetto State News

Friday, September 27, 2024

Seabrook Island home prices fall in December 2017

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The median sale price of a home sold in December 2017 in Seabrook Island fell by $83,500 while total sales increased by 20%, according to BlockShopper.com.

In December 2017, there were 12 homes sold, with a median sale price of $249,000 - a 25.1% decrease over the $332,500 median sale price for the same period of the previous year. There were 10 homes sold in Seabrook Island in December 2016.

The median sales tax in Seabrook Island for the most recent year with available data, 2015, was $3,204, approximately 1.3% of the median home sale price for December 2017.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in December 2017:

CityDec. 2017 Home SalesDec. 2016 Home Sales% change (Total Home Sales)Dec. 2017 Median Sales PriceDec. 2016 Median Sales Price% change (Median Sales Price)
Adams Run15-80%$308,000$155,00098.7%
Charleston126244-48.4%$290,000$278,5004.1%
Laurel Park10-$275,000$0-
Drayton12-50%$250,000$235,9506%
James Island916-43.8%$249,350$263,000-5.2%
Seabrook Island121020%$249,000$332,500-25.1%
Ponderosa24-50%$224,950$210,0007.1%
Whitehall Terrace12-50%$189,100$372,535-49.2%
Castlewood10-$188,000$0-
Summerville7616.7%$181,500$167,4508.4%
Plantation Estates20-$163,500$0-

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