Folly Beach Real Estate Market Report – August There were 6 closed transactions in August 2009 for a total price of $2.1 million. There was only 1 closed transaction in August 2008. This is the second straight month in which sales topped the year before. We still have some catching up to do overall, year-to-date there has been 37 closed transactions versus 60 a year ago. Year-to-date the average selling price has declined 15.2% versus a year ago.
August had an average sales price of $351,000. You heard me right! Homeownership at the beach is becoming a reality for more an more people. This is an example of how low prices have become for Folly Beach real estate, and when mixed with low interest rates, creates an incredible buying opportunity.