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Sunday, November 24, 2024

Seabrook Island home prices rise in August 2017

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The median sale price of a home sold in August 2017 in Seabrook Island rose by $87,500 while total sales decreased by 14.3%, according to BlockShopper.com.

In August 2017, there were 12 homes sold, with a median sale price of $512,500 - a 20.6% increase over the $425,000 median sale price for the same period of the previous year. There were 14 homes sold in Seabrook Island in August 2016.

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 August 2017.

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

CityAug. 2017 Home SalesAug. 2016 Home Sales% change (Total Home Sales)Aug. 2017 Median Sales PriceAug. 2016 Median Sales Price% change (Median Sales Price)
Kiawah Island422-81.8%$1,100,000$750,00046.7%
McClellanville220%$847,500$230,000268.5%
Edgewater Park10-$770,000$0-
Isle of Palms17170%$750,000$750,0000%
Folly Beach11922.2%$550,000$625,000-12%
Seabrook Island1214-14.3%$512,500$425,00020.6%
Meggett220%$492,250$447,00010.1%
Mount Pleasant113216-47.7%$455,000$375,00021.3%
Hollywood440%$382,125$253,75050.6%
Forest Lakes20-$323,000$0-
Riverland Terrace110%$315,000$281,00012.1%

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