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Monday, November 25, 2024

Folly Beach home prices rise in January 2017

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The median sale price of a home sold in January 2017 in Folly Beach rose by $84,100 while total sales decreased by 64.3%, according to BlockShopper.com.

In January 2017, there were five homes sold, with a median sale price of $507,500 - a 19.9% increase over the $423,400 median sale price for the same period of the previous year. There were 14 homes sold in Folly Beach in January 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 January 2017.

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

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Kiawah Island8560%$942,500$320,000194.5%
Isle of Palms226266.7%$715,000$607,50017.7%
Folly Beach514-64.3%$507,500$423,40019.9%
Seabrook Island7475%$420,000$398,749.505.3%
Hollywood67-14.3%$374,950$225,00066.6%
Meggett42100%$365,000$366,500-0.4%
Mount Pleasant103113-8.8%$353,000$378,000-6.6%
McClellanville31200%$349,000$774,500-54.9%
Chesterfield10-$335,000$0-
North Pine Point10-$318,000$0-
James Island2026-23.1%$300,443$246,10022.1%

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