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Thursday, November 7, 2024

Folly Beach home prices fall in March 2017

Realestate5

The median sale price of a home sold in March 2017 in Folly Beach fell by $25,000 while total sales increased by 83.3%, according to BlockShopper.com.

In March 2017, there were 11 homes sold, with a median sale price of $505,000 - a 4.7% decrease over the $530,000 median sale price for the same period of the previous year. There were six homes sold in Folly Beach in March 2016.

The median sales tax in Folly Beach for the most recent year with available data, 2015, was $4,233, approximately 0.8% of the median home sale price for March 2017.

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

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Sullivan's Island7475%$2,110,000$980,000115.3%
Kiawah Island181428.6%$662,000$581,25013.9%
Isle of Palms282227.3%$661,250$776,094-14.8%
Folly Beach11683.3%$505,000$530,000-4.7%
Awendaw10-$450,000$0-
Ashley Forest42100%$446,250$330,00035.2%
Mount Pleasant150171-12.3%$385,000$350,00010%
Seabrook Island1415-6.7%$366,125$339,5007.8%
Laurel Park13-66.7%$330,000$328,0000.6%
James Island2326-11.5%$305,000$263,00016%
Hollywood38-62.5%$292,000$241,95020.7%

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