Folly Beach, SC real estate market update is as follows: Demand is back at Folly Beach!! There are currently 3 homes listed at one million or above under contract. They all went under contract in the last 20 days! I believe that buyers are beginning to recognize the opportunity that is created when low prices are combined with low interest rates. Homes are incredibly affordable and selection is high which means you can come down and pick the one you want and name your own price. This supports a consistent trend. July had the most closings of 2009 and August should not be far behind.