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Monday, September 23, 2024

Seabrook Island home prices fall in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Seabrook Island fell by $172,000 while total sales decreased by 59.2%, according to BlockShopper.com.

From April through June of 2020, there were 40 homes sold, with a median sale price of $366,000 - a 32% decrease over the $538,000 median sale price for the same period of the previous year. There were 98 homes sold in Seabrook Island in the second quarter of 2019.

The median sales tax in Seabrook Island for the most recent year with available data, 2019, was $3,566, approximately 1% of the median home sale price for the second quarter of 2020.

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

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Meggett47-42.9%$452,450$715,000-36.7%
Mount Pleasant476759-37.3%$430,000$450,000-4.4%
Edisto Island511-54.5%$405,000$310,00030.6%
Ashley Forest311-72.7%$386,000$367,5005%
Capri Isles5366.7%$380,000$240,00058.3%
Seabrook Island4098-59.2%$366,000$538,000-32%
Castlewood10-$352,500$0-
Laurel Park10-$343,500$0-
Green Acres110%$338,300$500,000-32.3%
James Island6568-4.4%$335,000$323,0003.7%
McClellanville6450%$329,500$355,500-7.3%

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