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Saturday, November 23, 2024

Seabrook Island home prices rise in December 2019

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The median sale price of a home sold in December 2019 in Seabrook Island rose by $15,000 while total sales increased by 111.1%, according to BlockShopper.com.

In December 2019, there were 19 homes sold, with a median sale price of $320,000 - a 4.9% increase over the $305,000 median sale price for the same period of the previous year. There were nine homes sold in Seabrook Island in December 2018.

The median sales tax in Seabrook Island for 2019 was $3,566. In 2018, the median sales tax was $3,403. This marks an increase of 4.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in December 2019:

CityDec. 2019 Home SalesDec. 2018 Home Sales% change (Total Home Sales)Dec. 2019 Median Sales PriceDec. 2018 Median Sales Price% change (Median Sales Price)
Mount Pleasant1297767.5%$440,000$391,00012.5%
Ashley Forest30-$370,000$0-
Riverland Terrace110%$357,500$275,00030%
Hollywood62200%$331,500$630,000-47.4%
James Island227214.3%$330,000$311,0006.1%
Seabrook Island199111.1%$320,000$305,0004.9%
Charleston232111109%$310,950$285,0009.1%
Forest Lakes10-$310,000$0-
Ravenel20-$302,000$0-
Landsdowne40-$283,700$0-
Chesterfield10-$279,000$0-

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