From October through December of 2019, there were 28 homes sold, with a median sale price of $566,450 - a 19.1% decrease over the $700,000 median sale price for the same period of the previous year. There were 31 homes sold in Folly Beach in the fourth quarter of 2018.
The median sales tax in Folly Beach for 2019 was $4,829. In 2018, the median sales tax was $4,672. This marks an increase of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.
The following table compares Folly Beach to other Charleston County cities with similar median sales prices in the fourth quarter of 2019:
| City | Oct. - Dec. 2019 Home Sales | Oct. - Dec. 2018 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2019 Median Sales Price | Oct. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Edgewater Park | 1 | 3 | -66.7% | $789,000 | $645,000 | 22.3% |
| Isle of Palms | 45 | 39 | 15.4% | $655,000 | $785,000 | -16.6% |
| McClellanville | 6 | 7 | -14.3% | $625,000 | $329,000 | 90% |
| Kiawah Island | 37 | 48 | -22.9% | $585,000 | $1,062,500 | -44.9% |
| Folly Beach | 28 | 31 | -9.7% | $566,450 | $700,000 | -19.1% |
| Cedar Springs | 2 | 0 | - | $497,500 | $0 | - |
| Whitehall Terrace | 2 | 3 | -33.3% | $492,187.50 | $375,000 | 31.3% |
| Edisto Island | 7 | 7 | 0% | $475,000 | $281,750 | 68.6% |
| Mount Pleasant | 386 | 324 | 19.1% | $431,000 | $423,750 | 1.7% |
| Ravenel | 6 | 5 | 20% | $380,000 | $70,000 | 442.9% |
| Ashley Forest | 4 | 5 | -20% | $377,500 | $445,000 | -15.2% |
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