Joe Idleman

Folly Beach and its Real Estate Sales over the Past Six Months

A comparison of the real estate market at Folly Beach South Carolina during the past six months and the same time period in 2008 using sold porperties.   Also included is a brief description of Folly Beach and things to see there.

FollyBeach has always been a part of coastal South Carolina’s history and charm. Nestled between the FollyRiver and the Atlantic Ocean, just fifteen minutes from downtown Charleston, the barrier island of Folly Beach truly offers you the best of both worlds. Locals refer to FollyBeach as the "Edge of America".   In the morning the sun rises on the beach and at days end the sun sets over FollyRiver.   On the eastern tip of the Island is an outstanding view of the Morris Island Lighthouse from one of three county parks located on the island. The Fishing Pier, which extends more than 1,045 feet into the Atlantic Ocean, hosts fishing tournaments.  You can rent everything you need for fishing at the shop on the Pier.  FollyBeach has some of the best surfing on the east coast and holds several surfing events yearly.  Other points of interest include FollyBeachPublicBeach, The Holiday Inn, and FollyBeachCountyPark.

Below is a price range comparison of 2008 and 2009:

There have been 27 properties sold on FollyBeach from May 23, 2009 to November 21, 2009.  During the same time period a year ago there were also 27 properties sold. 

PriceRange                                     # Units 2008             # Units 2009

$160,000 - $280,000                                   0                                  2                     

$280,000 - $300,000                                   0                                  8

$300,000 - $400,000                                   5                                  3

$400,000 - $500,000                                   6                                  6

$500,000 - $800,000                                   11                                5

$800,000 - $1,000,000                                2                                  0

$1,100,000 - $1,400,000                             3                                  3

The average sold price per unit from May 23, 2009 to November 21 was $458,000 and the price per unit in 2008 during the same time period was $836,269.

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