Wed 27 May 2009
In an economic recession, it is not always easy to find an investment that will yield desired results. However, Seabrook Island has clearly demonstrated that is has been able to withstand the economic difficulties that our country is experiencing. Seabrook Island real estate, though it has declined in value, has minimized the damages that the economy has imposed on it . Just over 20 miles south of Charleston, South Carolina, Seabrook Island is known to have some of the most beautiful homes in the nation. With housing costs averaging roughly $700,000, it is obvious that only wealthy investors are taking advantage of the benefits that Seabrook real estate has to offer.While it is hard to analyze the micro-economic data and compare it to national averages, a few figures are worth considering. For one, the national average in depreciation of houses is at about 12%. At Seabrook Island, real estate has depreciated over the last year at an average of 6%. Keeping in mind that this number is half the national rate, this figure is definitely worth noting. Furthermore, the national unemployment rate, which seems to be climbing each month, stands at about 8.5%, while the unemployment rate at Seabrook Island is no more than 8.3%. Taking these figures into perspective will help potential investors in determining the actual value of Seabrook Island real estate. Several islands in South Carolina, including James Island, Johns Island, and Kiawah Island, are known to contain some of the most lucrative real estate property. Seabrook Island is no exception, and given that it has been able to successfully continue with operations, Seabrook Island is clearly an exception during the recession. While all real estate property is usually impacted by the current economy, Seabrook Islands attractive living conditions make it one of the more recognized real estate properties in the nation.
