February 2013 Folly Beach Real Estate Market Report

folly_beach_now_oceanfront_eastInformation on Folly Beach real estate sales activity including home, condominium, and land sales.  14 properties sold in January and February 2013 with an average sales price of $363,595.  Last year there were 10 sold at this point, with a higher average price.  2013 started with a number of lower priced properties selling, with the lowest 3 being bank owned property.  Overall I feel prices picking up, and inventory shrinking, but even Folly Beach is not exempt from the rash of foreclosures and distressed properties changing hands.

If you are interested in keeping current with the real estate market on Folly Beach contact me here.

Some examples of the property sold this year are:

A 3 Bedroom condominium across the Folly River for $87,000.

A small cottage on the third row in good shape for $353,500.

A large 5 Bedroom home in the middle of the island for $535,000.

An oceanfront, bank owned home, near the Folly Beach County park for $775,000

If you are interested in buying or selling on Folly Beach contact me here.