From January through March of 2020, there were 23 homes sold, with a median sale price of $660,000 - a 22.8% increase over the $537,500 median sale price for the same period of the previous year. There were 39 homes sold in Folly Beach in the first quarter of 2019.
The median sales tax in Folly Beach for the most recent year with available data, 2019, was $4,829, approximately 0.7% of the median home sale price for the first quarter of 2020.
The following table compares Folly Beach to other Charleston County cities with similar median sales prices in the first quarter of 2020:
City | Jan. - Mar. 2020 Home Sales | Jan. - Mar. 2019 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2020 Median Sales Price | Jan. - Mar. 2019 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Sullivan's Island | 5 | 15 | -66.7% | $1,022,500 | $1,810,000 | -43.5% |
Isle of Palms | 41 | 71 | -42.3% | $691,000 | $779,000 | -11.3% |
Secessionville Acres | 1 | 2 | -50% | $670,000 | $300,000 | 123.3% |
Folly Beach | 23 | 39 | -41% | $660,000 | $537,500 | 22.8% |
Kiawah Island | 18 | 32 | -43.8% | $570,000 | $591,500 | -3.6% |
Ashley Forest | 5 | 6 | -16.7% | $473,000 | $395,000 | 19.7% |
Meggett | 1 | 8 | -87.5% | $449,000 | $340,000 | 32.1% |
Whitehall Terrace | 3 | 2 | 50% | $440,000 | $342,000 | 28.7% |
Capri Isles | 4 | 5 | -20% | $435,750 | $287,500 | 51.6% |
Ravenel | 4 | 5 | -20% | $423,000 | $375,000 | 12.8% |
Mount Pleasant | 430 | 491 | -12.4% | $410,000 | $413,000 | -0.7% |