Vince Perna's (vinceperna) Blog

Below is a summary of the real estate market for Folly Beach, SC for the entire year of 2009. There was a total of 64 properties sold on Folly Beach in 2009. That is down 28% from a total of 83 in 2008. It is also a far cry from the totals of years past. Folly Beach has a history of regularly sel...

Here is your Folly Beach Real Estate report for November 2009.  8 Properties sold this month on Folly Beach, bringing the total this year to 55.  November was tied with July for the most monthly sales of 2009.  The sales included a Mariners Cay condominium for $260,000, a Charleston Oceanfront Vi...

"Impending Foreclosures Cast Shadow Over Housing Recovery‎" "New round of foreclosures looms in US‎" All I had to do was google foreclosure and it appears like the end of the world is coming. There seems to be an abundance of doom and gloomers lurking around, and not just from the media.  Look ov...

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 overa...

Buy beachfront real estate now because prices and interest rates are low and you could have your pick of the litter. I am going to let you in on a little secret. On Folly Beach, SC there have been no sales of a quality beachfront home in the last twelve months. All sales have been essentially lot...

Folly Beach Real Estate is at historically low levels.  Folly Beach is a comfy beach town with a laid back attitude within minutes to downtown Charleston, SC.  As you leave James Island and pass Crosby's seafood you will cross the Folly River onto Folly Island.  The main street in town is Center ...

Homes for Sale in Bayview Farms James Island SC are priced better than ever!  Bayview Farms is centrally located in James Island between downtown Charleston and Folly Beach.  The homes are mainly newer, built within the last 10-15 years.  It was built back to front with newer homes in the front b...

It is easy to be fearful right now, news is not good and the future is uncertain. One thing I can tell you is that prices are low right now. If there were ever questions about the rate of return on beach property, buying low is always a good start. Historically, vacation property does well, as th...

I have noticed a trend in recent sales activity towards buyers relocating to Charleston, SC and the coast. After researching the comparable sales to my listings and talking to the selling agents, many of them report that the buyer was from out of town and buying for a second home for vacation pur...

Today, I was doing some statistical research in our multiple listing service and wanted to pass along my findings.  On Folly Beach there have been 27 sales of homes priced higher than $1.5 million, EVER.  There are currently 33 active listings over $1.5 million.  More people expect to get this mu...