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Friday, September 27, 2024

Seabrook Island home prices fall in October 2017

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The median sale price of a home sold in October 2017 in Seabrook Island fell by $264,000 while total sales increased by 50%, according to BlockShopper.com.

In October 2017, there were 12 homes sold, with a median sale price of $335,000 - a 44.1% decrease over the $599,000 median sale price for the same period of the previous year. There were eight homes sold in Seabrook Island in October 2016.

The median sales tax in Seabrook Island for the most recent year with available data, 2015, was $3,204, approximately 1% of the median home sale price for October 2017.

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

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Folly Beach49-55.6%$497,950$456,0009.2%
Capri Isles21100%$416,750$860,000-51.5%
James Island914-35.7%$410,000$214,25091.4%
Mount Pleasant78156-50%$394,450$388,5001.5%
Riverland Terrace31200%$355,000$390,000-9%
Seabrook Island12850%$335,000$599,000-44.1%
Landsdowne12-50%$325,000$249,95030%
Charleston134198-32.3%$285,000$265,0007.5%
Hollywood3250%$240,000$146,00064.4%
McClellanville220%$222,500$195,00014.1%
Plantation Estates10-$218,000$0-

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