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Tuesday, September 24, 2024

Seabrook Island home prices rise in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Seabrook Island rose by $68,500 while total sales decreased by 29%, according to BlockShopper.com.

From January through March of 2019, there were 22 homes sold, with a median sale price of $352,500 - a 24.1% increase over the $284,000 median sale price for the same period of the previous year. There were 31 homes sold in Seabrook Island in the first quarter of 2018.

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 the first quarter of 2019.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Ashley Forest3250%$395,000$410,000-3.7%
Plantation Estates10-$395,000$0-
Laurel Park21100%$389,000$370,0005.1%
Ravenel35-40%$375,000$140,000167.9%
Meggett30-$365,000$0-
Seabrook Island2231-29%$352,500$284,00024.1%
McClellanville7616.7%$320,000$244,27531%
Forest Lakes21100%$313,500$395,000-20.6%
James Island3656-35.7%$312,500$275,00013.6%
Riverland Terrace34-25%$312,000$308,5001.1%
Secessionville Acres110%$300,000$680,807-55.9%

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