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Palmetto State News

Wednesday, September 25, 2024

Folly Beach home prices fall in November 2018

Realestate1

The median sale price of a home sold in November 2018 in Folly Beach fell by $251,500 while total sales increased by 400%, according to BlockShopper.com.

In November 2018, there were 10 homes sold, with a median sale price of $748,500 - a 25.2% decrease over the $1,000,000 median sale price for the same period of the previous year. There were two homes sold in Folly Beach in November 2017.

The median sales tax in Folly Beach for the most recent year with available data, 2015, was $4,233, approximately 0.6% of the median home sale price for November 2018.

The following table compares Folly Beach to other Charleston County cities with similar median sales prices in November 2018:

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Sullivan's Island4333.3%$2,510,000$2,350,0006.8%
Kiawah Island15966.7%$1,350,000$975,00038.5%
Isle of Palms1017-41.2%$845,000$708,00019.4%
Folly Beach102400%$748,500$1,000,000-25.2%
Meggett31200%$650,000$320,000103.1%
Capri Isles20-$595,000$0-
Edgewater Park20-$585,500$0-
Hollywood48-50%$520,000$155,000235.5%
Seabrook Island1114-21.4%$510,000$400,00027.5%
Ashley Forest10-$505,000$0-
Mount Pleasant118124-4.8%$398,500$426,000-6.5%

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