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Sunday, September 22, 2024

How did home prices perform in Folly Beach during December 2020?

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The median sale price of a home sold in December 2020 in Folly Beach rose by $81,500 while total sales decreased by 25%, according to BlockShopper.com.

In December 2020, there were six homes sold, with a median sale price of $676,000 - a 13.7% increase over the $594,500 median sale price for the same period of the previous year. There were eight homes sold in Folly Beach in December 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 December 2020.

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

CityDec. 2020 Home SalesDec. 2019 Home Sales% change (Total Home Sales)Dec. 2020 Median Sales PriceDec. 2019 Median Sales Price% change (Median Sales Price)
Kiawah Island817-52.9%$910,000$600,00051.7%
Isle of Palms1619-15.8%$849,000$745,00014%
Folly Beach68-25%$676,000$594,50013.7%
Edisto Island35-40%$636,000$475,00033.9%
Meggett10-$538,500$0-
Riverland Terrace21100%$525,000$357,50046.9%
Mount Pleasant96129-25.6%$500,000$440,00013.6%
Seabrook Island1119-42.1%$476,000$320,00048.8%
Laurel Park10-$460,000$0-
North Pine Point110%$368,000$275,00033.8%
Ashley Forest13-66.7%$367,500$370,000-0.7%

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