Folly Beach Real Estate Sales – March, April and May 2008 and 2009 as Compared to Isle of Palms, Sullivan’s Island, Kiawah

Folly Beach South Carolina is located just outside historic Charleston. There are 5 primary beach communities that surround the Charleston area: Folly Beach, Isle of Palms, Sullivan’s Island, Kiawah Island and Seabrook Island. Folly Beach, Isle of Palms and Sullivan’s Island are the 3 communities which are located closest to the city of Charleston.

Folly Beach

2008 – 22 sales – $12,322,050 - Median Price $413,000 - Average Price $560,093– SP/LP 95.93%

2009 – 11 sales - $4,897,500 - Median Price $435,000 - Average Price $445,227– SP/LP 92.31%

Isle of Palms

2008 – 8 sales – $10,937,000 - Median Price $871,000– Average Price $1,367,125 – SP/LP 93.77%

2009 – 14 Sales - $17,990,000 – Median Price $887,500 – Average Price $1,285,000 – SP/LP 92.90 %

Sullivan’s Island

2008 – 4 Sales - $7,530,000 – Median Price $1,887,500 – Average Price $1,882,500 – SP/LP 91.46%

2009 – 6 Sales - $8,951,200 – Median Price $1,351,600 – Average Price $1,491,866 – SP/LP 78.43%

Kiawah and Seabrook

2008 – 36 Sales – $26,946,740 – Median Price $757,500 – Average Price $748,520 – SP/LP 90.76%

2009 – 23 Sales - $10,211,425 – Median Price $400,000 – Average Price $443,975 – SP/LP 86.76%

Statistics that stand out are the increase in # of sales at Isle of Palms and Sullivan’s Island, significant drop in average and median prices at Sullivan’s Island and Kiawah / Seabrook, and the low SP/LP of 78.43% at Sullivan’s Island.

For more information on Folly Beach, just contact Randy Winks or Ronnie Winks  or check out www.follybeachrealestateexperts.com.