June 2010 Folly Beach Real Estate Market Report

Folly Beach Real Estate is back in demand! This has been a good year for buying oceanfront and island homes, and people are taking advantage.  8 properties sold in June 2010 bringing the total sold through half of 2010 to 50.  Folly Beach sold 59 in all of last year.  Is this a good sign?  It depends of if your a buyer or a seller.

The prices are still drastically low and have not come back like the number of sales has, and buyers are recognizing that it makes sense to purchase now.  This is a natural occurrence right before prices begin to go back up.  Here are some highlights from the last month:

The average oceanfront sale in June was $780k.

You can have a nice (nice!) island home for $500k.

For the second time this year $1 million was spent and the house was a dream home.

Other sales during the month included a townhome with a deepwater Folly River boat slip for $320k and a Mariners Cay condo for under $200k.

There are great deals still out there so if you are looking contact me and start your search today!