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Sunday, September 22, 2024

Folly Beach home prices rise in 2018

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The median sale price of a home sold in 2018 in Folly Beach rose by $61,250 while total sales decreased by 21.2%, according to BlockShopper.com.

From January through December of 2018, there were 78 homes sold, with a median sale price of $676,250 - a 10% increase over the $615,000 median sale price for the previous year. There were 99 homes sold in Folly Beach in 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 2018.

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

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Sullivan's Island4660-23.3%$1,932,500$1,685,00014.7%
Kiawah Island129159-18.9%$850,000$748,00013.6%
Isle of Palms189249-24.1%$774,000$675,00014.7%
Folly Beach7899-21.2%$676,250$615,00010%
Edgewater Park9728.6%$645,000$400,00061.3%
Meggett1018-44.4%$585,750$367,50059.4%
Capri Isles660%$474,500$255,00086.1%
Secessionville Acres58-37.5%$465,000$260,45078.5%
Seabrook Island140163-14.1%$427,500$419,0002%
Mount Pleasant1,3461,704-21%$425,000$412,2503.1%
Ashley Forest1012-16.7%$417,500$413,0001.1%

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