2009 real estate activity on Folly Beach
2009 has been a tough year. The first half of the year, there were only 22 sales. The second half was an improvement with 44 sales. However, sales prices continued to be under pressure. One of the last sales of the year is indicative of the real estate environment in 2009. 519 West Ashley is an oceanfront lot with a house that needs a good bulldozer. In 2005/2006, this property would have sold for more than $1,600,000.00. At the beginning of 2009, it should have fetched between $900,000.00 and $1,000,000.00. It sold in December of 2009 for $775,000.00. Click on the link at the top to see sales comparison between 2008 and 2009 on Folly Beach.
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