When you are choosing a real estate company to work with, make sure that you are using the best. In 2009 no company sold more Folly Beach real estate than Dunes Properties. Our staff has the knowledge and professionalism that you would expect from a leader.
Nobody knows Folly Beach better!
Below is a summary of the real estate market for Folly Beach, SC for the entire year of 2009.
There was a total of 64 properties sold on Folly Beach in 2009. That is down 28% from a total of 83 in 2008. It is also a far cry from the totals of years past. Folly Beach has a history of regularly selling over 100 properties. Will this be the new normal sales volume?
The average sales price in 2009 was $477,000,down 10% from $531,000 in 2008 and off 30% from a 2006 peak of $680,000. The average difference between sale price and list price was roughly 10%.
There were 3 sales of condominiums under $200,000 in the Palmettos, Pelican Pointe, and Marsh View Villas. The lowest Mariners Cay condominium sold for $215,000. The lowest lot on the island sold for $295,000 and was a full street to street lot. A 3 bedroom condominium at the Charleston Oceanfront Villas sold for $675,000, and an oceanfront lot sold for $775,000. The most expensive home sold for $1.2 million and was an oceanfront triplex.
The price of the average home sale is very low relative to the location of Folly. We are beginning to see rock-bottom prices and when homes are priced right, they are being put under contract immediately. People are taking advantage of the low prices and making the move onto the island that they previously thought was out of reach.
There is still high inventory with nearly 400 homes for sale. Sellers are eager to talk to qualified buyers and the leverage is absolutely in the buyers favor. If you are interested in buying on Folly Beach, or want to talk to an expert on selling you home, contact me here.
|What better place to celebrate the New Year than at one of Charleston’s only oceanfront venues. We have a fun-filled evening planned with amazing food, fun libations, live entertainment from the Calvin Taylor band and DJ Josh, and a spectacular fireworks show at midnight! Open Bar – $75 per person.|
|6th annual world famous Great Meatball drop at midnight. Ring in the new year with all your friends and bring yourself good luck by taking a bite of some grade A beef!|
|Live music with the Hed Shop Boys. Champagne toast at midnight.|
|Folly Beach Crab Shack will host the Islander’s Shag Club Dinner which is open to everyone. The raw bar will be open for a New Year’s party with a homecoming show for Nathan and drink specials.|
|Chill & Grill||Annual customer appreciation party. FREE BOOZE!!! Boom Boom Club night.|
|Planet Follywood New Years Eve Party! Cash Giveaway! Balloon drop and music by Dan Clamp.|
|New Years Eve bash with live music by Jonathan. Champagne toast at midnight.|
|New Years Eve party with Champagne toast.|
Saturday December 19th 1:00 PM
Come celebrate Christmas with all your Folly Beach friends this Saturday December 12 at the Folly Beach Christmas parade. The bridge will close at 1:00 and the parade will travel down Center Street.
Prizes will be awarded for the following categories:
1st, 2nd, and 3rd overall
After the parade, meet Santa and the mayor at Folly River park. A fun time is guaranteed for kids of all ages!!
Here is your Folly Beach Real Estate report for November 2009. 8 Properties sold this month on Folly Beach, bringing the total this year to 55. November was tied with July for the most monthly sales of 2009. The sales included a Mariners Cay condominium for $260,000, a Charleston Oceanfront Villa for $760,000, and a deepwater property on the Folly River for $935,000.
A bright spot for homeowners was that 5 of the sales in November were for $700,000 or more, showing that the higher end properties are still in demand. If you are interested in buying or selling on Folly Beach, let an experienced professional guide your way.