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Palmetto State News

Monday, November 25, 2024

Seabrook Island home prices fall in May 2017

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The median sale price of a home sold in May 2017 in Seabrook Island fell by $274,000 while total sales increased by 76.9%, according to BlockShopper.com.

In May 2017, there were 23 homes sold, with a median sale price of $375,000 - a 42.2% decrease over the $649,000 median sale price for the same period of the previous year. There were 13 homes sold in Seabrook Island in May 2016.

The median sales tax in Seabrook Island for the most recent year with available data, 2015, was $3,204, approximately 0.9% of the median home sale price for May 2017.

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

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Edisto Island330%$750,000$338,000121.9%
Isle of Palms2628-7.1%$650,000$1,022,500-36.4%
Folly Beach1112-8.3%$568,000$532,5006.7%
Ashley Forest14-75%$495,000$308,50060.5%
Mount Pleasant207237-12.7%$435,000$400,0008.8%
Seabrook Island231376.9%$375,000$649,000-42.2%
Meggett41300%$321,000$90,000256.7%
Riverland Terrace21100%$309,500$532,000-41.8%
Capri Isles110%$290,000$231,50025.3%
Charleston282323-12.7%$284,500$265,0007.4%
Secessionville Acres10-$284,210$0-

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