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Tuesday, September 24, 2024

Folly Beach home prices rise in June 2019

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The median sale price of a home sold in June 2019 in Folly Beach rose by $277,450 while total sales decreased by 50%, according to BlockShopper.com.

In June 2019, there were two homes sold, with a median sale price of $774,950 - a 55.8% increase over the $497,500 median sale price for the same period of the previous year. There were four homes sold in Folly Beach in June 2018.

The median sales tax in Folly Beach for the most recent year with available data, 2015, was $4,233, approximately 0.5% of the median home sale price for June 2019.

The following table compares Folly Beach to other Charleston County cities with similar median sales prices in June 2019:

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Sullivan's Island330%$2,000,000$1,841,0888.6%
Kiawah Island813-38.5%$1,260,000$780,00061.5%
Isle of Palms1015-33.3%$928,000$787,00017.9%
Folly Beach24-50%$774,950$497,50055.8%
Meggett110%$750,000$557,50034.5%
Seabrook Island14137.7%$602,375$317,00090%
Hollywood26-66.7%$542,000$257,500110.5%
Edisto Island12-50%$510,000$235,000117%
Mount Pleasant85115-26.1%$495,000$490,0001%
Ravenel110%$430,000$92,000367.4%
Charleston88150-41.3%$346,500$305,50013.4%

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