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Monday, November 25, 2024

Seabrook Island home prices rise in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in Seabrook Island rose by $124,500 while total sales increased by 18.4%, according to BlockShopper.com.

From April through June of 2017, there were 58 homes sold, with a median sale price of $462,500 - a 36.8% increase over the $338,000 median sale price for the same period of the previous year. There were 49 homes sold in Seabrook Island in the second quarter of 2016.

The median sales tax in Seabrook Island for the most recent year with available data, 2015, was $3,204, approximately 0.7% of the median home sale price for the second quarter of 2017.

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

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Sullivan's Island2022-9.1%$1,637,500$1,266,25029.3%
Kiawah Island5259-11.9%$839,500$650,00029.2%
Isle of Palms6987-20.7%$665,000$725,000-8.3%
Folly Beach3640-10%$644,750$530,00021.7%
Edisto Island13128.3%$545,000$261,130108.7%
Seabrook Island584918.4%$462,500$338,00036.8%
Ashley Forest45-20%$433,000$295,00046.8%
Mount Pleasant577750-23.1%$427,000$400,0006.8%
Landsdowne12-50%$372,500$180,000106.9%
McClellanville59-44.4%$341,000$210,00062.4%
Meggett72250%$327,000$405,000-19.3%

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