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Friday, November 15, 2024

Seabrook Island home prices fall in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Seabrook Island fell by $2,500 while total sales increased by 40.7%, according to BlockShopper.com.

From October through December of 2017, there were 38 homes sold, with a median sale price of $322,500 - a 0.8% decrease over the $325,000 median sale price for the same period of the previous year. There were 27 homes sold in Seabrook Island in the fourth quarter of 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 the fourth quarter of 2017.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Meggett3250%$527,564$240,500119.4%
Riverland Terrace440%$469,000$290,00061.7%
Edgewater Park30-$445,000$0-
Mount Pleasant308441-30.2%$423,500$393,0007.8%
Capri Isles21100%$416,750$860,000-51.5%
Seabrook Island382740.7%$322,500$325,000-0.8%
James Island3049-38.8%$314,000$257,50021.9%
Charleston399656-39.2%$282,000$267,5005.4%
Landsdowne3250%$275,000$249,95010%
Drayton35-40%$275,000$237,00016%
Laurel Park12-50%$275,000$327,500-16%

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