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Sunday, September 22, 2024

Folly Beach home prices fall in June 2020

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The median sale price of a home sold in June 2020 in Folly Beach fell by $26,000 while total sales decreased by 23.1%, according to BlockShopper.com.

In June 2020, there were 10 homes sold, with a median sale price of $694,000 - a 3.6% decrease over the $720,000 median sale price for the same period of the previous year. There were 13 homes sold in Folly Beach in June 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 June 2020.

The following table compares Folly Beach to other Charleston County cities with similar median sales prices in June 2020:

CityJune 2020 Home SalesJune 2019 Home Sales% change (Total Home Sales)June 2020 Median Sales PriceJune 2019 Median Sales Price% change (Median Sales Price)
Isle of Palms2831-9.7%$722,500$880,000-17.9%
Kiawah Island211816.7%$700,000$872,500-19.8%
Folly Beach1013-23.1%$694,000$720,000-3.6%
Sullivan's Island14-75%$542,230$1,787,500-69.7%
Mount Pleasant171269-36.4%$406,000$455,000-10.8%
Ashley Forest23-33.3%$383,000$295,00029.8%
Awendaw20-$377,500$0-
Drayton40-$372,000$0-
Meggett25-60%$367,500$715,000-48.6%
Laurel Park10-$343,500$0-
James Island1929-34.5%$338,000$320,0005.6%

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