Everyone knows oceanfront property is always a good investment… and now that home prices are lower than ever before, everyone wants to know where they can pick up cheap oceanfront property before the prices go back up. Research indicates South Carolina oceanfront homes and condos hold their value even during down slumps in the real estate market cycle.
Folly Beach is lesser known than other South Carolina oceanfront areas such as Myrtle Beach or Hilton Head, SC. Subsequently, homes on Folly Beach are typically less expensive than other well known oceanfront areas. Folly Beach is a small, non commercialized beach community on a barrier island 20 minutes outside of downtown historic Charleston, SC. If interested in investing on Folly Beach or neighboring James Island, be aware, the prices have been historically low for decades, but in the last 2 years, during expansion of the real estate bubble, prices rose sharply. Since the bubble burst, prices have experienced neither rise, nor decline, but remain at what has been historically high for the area. Though when compared to other South Carolina oceanfront property, Folly Beach homes hold a lower price tag than comparable areas.
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