Keeping you current on the recent real estate sales activity on Folly Beach, SC. 5 properties were sold on Folly Beach in June 2011 bringing the year-to-date total to 61. Halfway through the year, the total sales numbers shows we are returning to a normal sales pace in terms of number of home and condominium sales. The reason for the increased numbers is low prices. 2011 has seen a stabilization of prices at a very low level. If you are considering a purchase on Folly Beach, now is the time. For more detailed information of what is selling, contact me here.
There was a tremendous value sold in June as a 4500 square foot custom built home with ocean and river views was sold for $1.175 million, almost near the point where you could not buy a lot and recreate the home for that price. The home was bank-owned. There are more foreclosures coming on the market soon, contact me if you are interested. There was also a well constructed house a few blocks back from the beach sold for $390,000, and a 3 bedroom oceanfront condominium sold for $427,000. The median sales price for June on Folly Beach was $460,000.