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Sunday, September 22, 2024

Seabrook Island home prices fall in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Seabrook Island fell by $88,000 while total sales decreased by 39.2%, according to BlockShopper.com.

From January through June of 2020, there were 87 homes sold, with a median sale price of $375,000 - a 19% decrease over the $463,000 median sale price for the same period of the previous year. There were 143 homes sold in Seabrook Island in the first half 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 first half of 2020.

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

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Whitehall Terrace4333.3%$420,000$424,000-0.9%
Edisto Island1027-63%$402,500$390,0003.2%
Riverland Terrace713-46.2%$400,000$460,000-13%
Ravenel811-27.3%$384,000$175,000119.4%
Capri Isles9812.5%$380,000$263,75044.1%
Seabrook Island87143-39.2%$375,000$463,000-19%
Castlewood10-$352,500$0-
Awendaw6520%$343,750$155,000121.8%
James Island14313010%$330,000$320,0003.1%
Laurel Park42100%$326,750$389,000-16%
Charleston1,3401,840-27.2%$310,000$314,500-1.4%

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