Folly Beach condominiums are incredibly hot right now. In 2016 the average price of a condominium jumped 14% to over $400,000. Entry level condominiums like Mariners Cay and Turn of River sold the most in 2016, and even though prices rose, buyers still flocked to purchase them. While you could get one for under $300,000 in the past, they are now selling in the $350,000 range and more for premium locations. Oceanview and Oceanfront condominiums also rose with the Charleston Oceanfront Villas leading the way into the $750,000 range for an average size and location. There were several purchases in the $550,000 range oceanfront as well. Inventory is extremely tight in the condo market on Folly Beach, and a few buildings have even encountered construction deficiencies, which is why you need an experienced and knowledgeable agent by your side.