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Charleston Reporter

Saturday, November 23, 2024

Seabrook Island home prices rise in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Seabrook Island rose by $201,540 while total sales decreased by 2.6%, according to BlockShopper.com.

From July through September of 2018, there were 37 homes sold, with a median sale price of $643,540 - a 45.6% increase over the $442,000 median sale price for the same period of the previous year. There were 38 homes sold in Seabrook Island in the third quarter of 2017.

The median sales tax in Seabrook Island for the most recent year with available data, 2015, was $3,204, approximately 0.5% of the median home sale price for the third quarter of 2018.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Sullivan's Island1221-42.9%$2,218,500$1,630,00036.1%
Isle of Palms4661-24.6%$826,250$685,00020.6%
Kiawah Island2331-25.8%$812,000$722,50012.4%
Folly Beach1528-46.4%$665,000$544,50022.1%
Seabrook Island3738-2.6%$643,540$442,00045.6%
Capri Isles3250%$509,000$229,750.50121.5%
Mount Pleasant385422-8.8%$431,250$419,8752.7%
Ravenel440%$398,500$61,153.50551.6%
Whitehall Terrace21100%$397,450$355,00012%
Riverland Terrace63100%$363,500$349,9003.9%
Laurel Park13-66.7%$344,600$280,00023.1%

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