2022 in Review
In 2022, the real estate market on Seabrook remained robust, and the downward spiral and doom and gloom forecasted at the national level were not realized here.
258 properties sold on Seabrook last year. Overall dollar volume was up 8.5%. The average sales price was up over 46% from $589K to $862K. On the inside spread, we’ve included some historical data. You’ll note most of the increase is over the past three years. The main catalysts were: the pandemic shining a positive light on communities like ours that offer security and continued access to outdoor experiences like the beach, golf, and racquet sports; improved marketing; and supply and demand.
Seabrook Island Real Estate
Seabrook Island Club’s continued elevation of amenities and experiences are key reasons property values have soared. Many buyers looking in the Charleston market are seeking for privacy, security, natural beauty, and a real community.
Continuing into 2023, the island is seeing low available inventory for sale, short times on the market, and rising average sales prices.
TOTAL CLOSED $221,353,653
258 for
TOTAL HOMES CLOSED 90 for $132,685,975
TOTAL HOMESITES CLOSED 43 for $12,772,400
TOTAL VILLA/COTTAGE HOMES CLOSED 125 for $75,895,278
Re al Esta te
150 200 Homes Sold 150 200 Villa Homes & Cottages Sold 48% 35% 17% 50 100 150 200 Homes Sold 50 100 150 200 Villa Homes & Cottages Sold 34% 60% 6% # OF CLOSINGS $ OF CLOSINGS HOMES VILLA/COTTAGE HOMES HOMESITES
March 2023
Property Report
all Homes sales on the island in 2022 was involved in 74% of 843.768.2560 · seabrookislandrealestate.com
Rising Property Values
While the number of real estate transactions year-to-year on Seabrook has fluctuated over the past decade, the average prices of closed properties here have predominantly increased, especially the last few years.
2022 TRANSACTIONS BY PROPERTY TYPE PRICE RANGES
90 Homes were sold, at an average sales price of almost $1.5 million, a 33% increase over 2021. The average sales price of Villa/Cottage Homes was up 25% to $607K, with 125 selling in 2022. 43 Homesites sold in 2022 at an average sales price of almost $300K.
0 10 20 30 40 50 60 $500K to $999K $1M to $1.99M $2M to $2.99M $3M to $3.99M $4M to $5M 0 10 20 30 40 50 60 $0 to $249K $250K to $499K $500K to $749K $750K to $999K $1M to $1.24M $1.25M and Up 0 10 20 30 40 50 60 $500K to $999K $1M to $1.99M $2M to $2.99M $3M to $3.99M $4M to $5M 0 10 20 30 40 50 60 $0 to $249K $250K to $499K $500K to $749K $750K to $999K $1M to $1.24M $1.25M and Up $500K to $749K $750K to $999 0 10 20 30 40 50 60 $500K to $999K $1M to $1.99M $2M to $2.99M $3M to $3.99M $4M to $5M 0 10 20 30 40 50 60 $0 to $249K $250K to $499K $500K to $749K $750K to $999K $1M to $1.24M $1.25M and Up 0 10 20 30 40 50 60 $0 to $249K $250K
$499K $500K
$749K $750K
0 50 100 150 200 250 300 350 Homes Sold Villa Homes & Cottages Sold Homesites Sold 2022 2021 2020 2019 2018
to
to
to $999
TRANSACTIONS FROM 2018 TO 2022 90 125 43 111 105 131 56 123 153 93 88 17 97 96 32 350 300 250 200 150 100 50 0 25 57 44 21 17 3 2 49 25 8 2 4 2 4 1 90 TOTAL HOMES CLOSED 43 TOTAL HOMESITES CLOSED 125 TOTAL VILLA/ COTTAGE HOMES CLOSED HOMES VILLA/COTTAGE HOMES HOMESITES
Seabrook Island Real Estate
AVERAGE SALES PRICE PER YEAR Sales $ Volume Average Home Price Average Villa/Cottage Home Price Average Homesite Price Trend 0 10 20 30 40 Properties Sold $4M to $5M $3M to $3.99M $2M to $2.99M $1M to $1.99M $500K to $999K 100 150 200 350 400 50000000 100000000 250000000 Sales $ Volume 600000 900000 1500000 Home Avg Price 200000 300000 400000 700000 800000 Villa/Cottage Average Sales Price 150000 200000 300000 Avg Purchase 0 10 20 30 40 50 Properties Sold $4M to $5M $3M to $3.99M $2M to $2.99M $1M to $1.99M $500K to $999K 150 200 250 300 100000000 150000000 Sales $ Volume 900000 1200000 Home Avg Price 300000 400000 500000 600000 Villa/Cottage Average Sales Price 200000 250000 Avg Home-site Purchase 0 10 20 30 40 50 60 Properties Sold $4M to $5M $3M to $3.99M $2M to $2.99M $1M to $1.99M $500K to $999K 100 150 200 350 400 50000000 100000000 250000000 Sales $ Volume 600000 900000 1500000 Home Avg Price 200000 300000 400000 700000 800000 Villa/Cottage Average Sales Price 150000 200000 300000 Avg Home-site Purchase Price 0 10 20 30 40 50 60 Properties Sold $4M to $5M $3M to $3.99M $2M to $2.99M $1M to $1.99M $500K to $999K 100000000 150000000 200000000 Sales $ Volume 900000 1200000 Home Avg Price 400000 500000 600000 Villa/Cottage Average Sales Price 200000 250000 Avg Home-site Purchase Price 0 10 20 30 40 50 60 Properties Sold $4M to $5M to $3.99M to $2.99M to $1.99M to $999K 100000000 150000000 200000000 Sales $ Volume 900000 1200000 Home Avg Price 400000 500000 600000 Villa/Cottage Average Sales Price 200000 250000 Avg Home-site Purchase Price 2013 142 $59,615,295 $651,585 $264,394 $233,121 2014 149 $60,984,418 $606,262 $296,759 $205,495 2015 159 $76,578,031 $659,537 $314,848 $256,300 2016 165 $76,845,986 $743,774 $248,322 $156,470 2017 226 $113,440,084 $768,378 $303,623 $224,933 2018 225 $107,498,974 $708,756 $323,425 $238,059 2019 189 $96,854,750 $717,499 $302,702 $203,588 2020 340 $194,504,201 $898,667 $356,238 $183,911 2021 339 $201,643,848 $964,680 $493,029 $267,884 2022 258 $221,353,653 $1,474,289 $607,162 $297,033 82% 271% 126% 130% 27%
PERCENT CHANGE OVER TEN YEARS 600000 900000 1200000 1500000 2022 2021 2020 2019 2018 0 250000 500000 750000 1000000 1250000 1500000 Villas/CottagesHomes Homesites 2022 2021 2020 2019 2018 300000 400000 500000 600000 700000 800000 2022 2021 2020 2019 2018 300000 400000 500000 600000 700000 800000 $1.5M $1.25M $1M $75K $500K $250K 0 HOMES VILLA/COTTAGE HOMES HOMESITES 843.768.2560 · seabrookislandrealestate.com
10-YEAR SNAPSHOT
While there are more properties for sale than at this time last year, the numbers are still very small. Only 12 Homes, 5 Villa/Cottage Homes, and 17 Homesites are currently available on Seabrook. Our company has a large backlog of qualified buyers ready to purchase here, when the right property comes on the market. It is a great time to sell. Let us know if you are ready.
KNOWLEDGE · EXPERIENCE · RESULTS Seabrook Island Real Estate Homes Villa/Cottage Homes Homesites Active Listings 12 5 17 Average List Price $2,424,730 $572,800 $499,058 Average Price per sq. ft. $728 $568 As of 3/20/23. Active resale market accounts for 1.3% of all Seabrook Island properties.
ACTIVE LISTINGS
Re al Esta te 1002 Landfall Way · Seabrook Island, SC 29455 · 843.768.2560 seabrookislandrealestate.com Data was accumulated from property waivers submitted to SIRE and supplemented by other reliable sources including Charleston County property tax records. Average prices are up from March 2022. 57% AVAILABLE PROPERTIES FOR SALE: 4-YEAR COMPARISON FEB 2023 0 50 100 FEB 2023 FEB 2022 FEB 2021 FEB 2020 Available FEB 2023 FEB 2023 0 50 100 150 200 250 Homes Available Villa Homes & Cottages Available Homesites Available MAR 2023 MAR 2022 MAR 2021 MAR 2020 221 68 15 34 HOMES VILLA/COTTAGE HOMES HOMESITES 93 homes in review or under construction as of March 20, 2023
