From January through March of 2017, there were 22 homes sold, with a median sale price of $524,250 - a 12.9% increase over the $464,400 median sale price for the same period of the previous year. There were 30 homes sold in Folly Beach in the first quarter of 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 the first quarter of 2017.
The following table compares Folly Beach to other Charleston County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan's Island | 12 | 14 | -14.3% | $1,737,500 | $1,118,750 | 55.3% |
| Kiawah Island | 35 | 31 | 12.9% | $694,000 | $550,000 | 26.2% |
| Isle of Palms | 70 | 52 | 34.6% | $677,500 | $700,000 | -3.2% |
| Folly Beach | 22 | 30 | -26.7% | $524,250 | $464,400 | 12.9% |
| Ashley Forest | 5 | 6 | -16.7% | $435,000 | $305,487.50 | 42.4% |
| Seabrook Island | 29 | 32 | -9.4% | $420,000 | $357,500 | 17.5% |
| Mount Pleasant | 397 | 426 | -6.8% | $385,000 | $359,000 | 7.2% |
| Meggett | 4 | 4 | 0% | $365,000 | $368,000 | -0.8% |
| Awendaw | 2 | 1 | 100% | $347,000 | $120,000 | 189.2% |
| Laurel Park | 1 | 5 | -80% | $330,000 | $315,000 | 4.8% |
| North Pine Point | 1 | 5 | -80% | $318,000 | $245,000 | 29.8% |
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