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Saturday, November 23, 2024

Seabrook Island home prices fall in October 2019

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The median sale price of a home sold in October 2019 in Seabrook Island fell by $72,500 while total sales decreased by 15.4%, according to BlockShopper.com.

In October 2019, there were 11 homes sold, with a median sale price of $256,500 - a 22% decrease over the $329,000 median sale price for the same period of the previous year. There were 13 homes sold in Seabrook Island in October 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 1.4%.

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

CityOct. 2019 Home SalesOct. 2018 Home Sales% change (Total Home Sales)Oct. 2019 Median Sales PriceOct. 2018 Median Sales Price% change (Median Sales Price)
Awendaw21100%$305,000$495,000-38.4%
Adams Run42100%$289,000$162,50077.8%
Charleston158173-8.7%$287,000$290,000-1%
Fenwick Hills110%$277,000$15,0001746.7%
Ponderosa110%$276,000$197,00040.1%
Seabrook Island1113-15.4%$256,500$329,000-22%
Secessionville Acres10-$254,000$0-
Capri Isles10-$230,000$0-
Summerville10742.9%$225,500$209,5007.6%
Long Branch Estates10-$187,500$0-
Ladson7540%$163,000$118,90037.1%

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