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Saturday, November 23, 2024

Seabrook Island home prices fall in January 2020

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The median sale price of a home sold in January 2020 in Seabrook Island fell by $21,775 while total sales decreased by 40%, according to BlockShopper.com.

In January 2020, there were six homes sold, with a median sale price of $440,725 - a 4.7% decrease over the $462,500 median sale price for the same period of the previous year. There were 10 homes sold in Seabrook Island in January 2019.

The median sales tax in Seabrook Island for the most recent year with available data, 2019, was $3,566, approximately 0.8% of the median home sale price for January 2020.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in January 2020:

CityJan. 2020 Home SalesJan. 2019 Home Sales% change (Total Home Sales)Jan. 2020 Median Sales PriceJan. 2019 Median Sales Price% change (Median Sales Price)
Isle of Palms1314-7.1%$766,875$877,500-12.6%
Folly Beach105100%$717,500$672,5006.7%
Capri Isles14-75%$565,000$262,500115.2%
Ravenel110%$475,500$417,14314%
Riverland Terrace41300%$447,500$390,00014.7%
Seabrook Island610-40%$440,725$462,500-4.7%
McClellanville23-33.3%$436,000$287,50051.7%
Ashley Forest220%$413,000$301,00037.2%
Mount Pleasant1191153.5%$411,636$500,000-17.7%
Whitehall Terrace10-$400,000$0-
James Island2610160%$300,000$395,000-24.1%

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