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Monday, September 23, 2024

Seabrook Island home prices rise in the first quarter of 2020

Realestate2

The median sale price of a home sold in the first quarter of 2020 in Seabrook Island rose by $60,000 while total sales increased by 4.4%, according to BlockShopper.com.

From January through March of 2020, there were 47 homes sold, with a median sale price of $385,000 - a 18.5% increase over the $325,000 median sale price for the same period of the previous year. There were 45 homes sold in Seabrook Island in the first quarter of 2019.

The median sales tax in Seabrook Island for the most recent year with available data, 2019, was $3,566, approximately 0.9% of the median home sale price for the first quarter of 2020.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Whitehall Terrace3250%$440,000$342,00028.7%
Capri Isles45-20%$435,750$287,50051.6%
Ravenel45-20%$423,000$375,00012.8%
Mount Pleasant430491-12.4%$410,000$413,000-0.7%
Edisto Island516-68.8%$400,000$423,000-5.4%
Seabrook Island47454.4%$385,000$325,00018.5%
Awendaw35-40%$382,500$155,000146.8%
Riverland Terrace63100%$377,500$312,00021%
James Island786225.8%$321,250$305,0005.3%
Hollywood932-71.9%$316,500$300,0005.5%
Laurel Park3250%$310,000$389,000-20.3%

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