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Friday, September 27, 2024

Folly Beach home prices fall in September 2017

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The median sale price of a home sold in September 2017 in Folly Beach fell by $53,000 while total sales decreased by 26.7%, according to BlockShopper.com.

In September 2017, there were 11 homes sold, with a median sale price of $415,000 - a 11.3% decrease over the $468,000 median sale price for the same period of the previous year. There were 15 homes sold in Folly Beach in September 2016.

The median sales tax in Folly Beach for the most recent year with available data, 2015, was $4,233, approximately 1% of the median home sale price for September 2017.

The following table compares Folly Beach to other Charleston County cities with similar median sales prices in September 2017:

CitySept. 2017 Home SalesSept. 2016 Home Sales% change (Total Home Sales)Sept. 2017 Median Sales PriceSept. 2016 Median Sales Price% change (Median Sales Price)
Awendaw21100%$575,000$700,000-17.9%
Meggett220%$568,250$131,649.50331.6%
McClellanville15-80%$470,000$23,0001943.5%
Ashley Forest12-50%$430,000$334,00028.7%
Secessionville Acres110%$430,000$189,000127.5%
Folly Beach1115-26.7%$415,000$468,000-11.3%
Mount Pleasant144187-23%$400,000$375,0006.7%
Seabrook Island111010%$400,000$557,500-28.3%
Whitehall Terrace110%$355,000$337,0005.3%
Riverland Terrace14-75%$349,900$402,500-13.1%
Edgewater Park12-50%$320,000$343,000-6.7%

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