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Monday, September 23, 2024

Falling home prices in Seabrook Island in October 2021

Realestate5

The median sale price of a home sold in October 2021 in Seabrook Island fell by $76,000 while total sales decreased by 57.7%, according to BlockShopper.com.

In October 2021, there were 11 homes sold, with a median sale price of $491,000 - a 13.4% decrease over the $567,000 median sale price for the same period of the previous year. There were 26 homes sold in Seabrook Island in October 2020.

The median sales tax in Seabrook Island for the most recent year with available data, 2019, was $3,566, approximately 0.7% of the median home sale price for October 2021.

The following table compares Seabrook Island to other Charleston County cities with similar median sale prices in October 2021:

CityOct. 2021 Home SalesOct. 2020 Home Sales% change (Total Home Sales)Oct. 2021 Median Sales PriceOct. 2020 Median Sales Price% change (Median Sales Price)
Kiawah Island736-80.6%$599,000$594,7500.7%
Edisto Island15-80%$536,000$447,00019.9%
Folly Beach48-50%$533,000$645,000-17.4%
Mount Pleasant92213-56.8%$522,500$480,0008.9%
Riverland Terrace110%$505,000$535,000-5.6%
Seabrook Island1126-57.7%$491,000$567,000-13.4%
Awendaw110%$450,000$334,00034.7%
Chesterfield23-33.3%$430,000$355,00021.1%
James Island1230-60%$411,000$351,75016.8%
Landsdowne110%$405,000$418,000-3.1%
Cedar Springs110%$395,000$282,00040.1%

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