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Sunday, September 22, 2024

Seabrook Island home prices rise in 2018

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The median sale price of a home sold in 2018 in Seabrook Island rose by $8,500 while total sales decreased by 14.1%, according to BlockShopper.com.

From January through December of 2018, there were 140 homes sold, with a median sale price of $427,500 - a 2% increase over the $419,000 median sale price for the previous year. There were 163 homes sold in Seabrook Island in 2017.

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 2018.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Folly Beach7899-21.2%$676,250$615,00010%
Edgewater Park9728.6%$645,000$400,00061.3%
Meggett1018-44.4%$585,750$367,50059.4%
Capri Isles660%$474,500$255,00086.1%
Secessionville Acres58-37.5%$465,000$260,45078.5%
Seabrook Island140163-14.1%$427,500$419,0002%
Mount Pleasant1,3461,704-21%$425,000$412,2503.1%
Ashley Forest1012-16.7%$417,500$413,0001.1%
North Pine Point62200%$383,500$239,00060.5%
Laurel Park67-14.3%$354,800$275,00029%
Forest Lakes26-66.7%$347,450$240,00044.8%

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