Folly Beach & Charleston SC Metro Homes

Ulf Hartwig Realtor®

Nobody Sells More Folly Beach

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July 2016 Folly Beach Real Estate Market and Island Update

Posted By Margaret Hartwig @ Jul 15th 2016 2:10pm In: Folly Beach

Welcome to the July Folly Beach Living Newsletter!  Summer is in full swing at the beach!  

 
The Best of Travel and Leisures 2016 has moved Charleston from the #1 City in N. America to.... The #1 City in the World! The articles goes on to say, "The City has shown incredible resilience and, as one reader wrote, there is still "no place quite like it."  Antebellum charm, excellent boutiques, and the beautiful waterfronts at Sullivan's Island and Folly Beach make this city one of the most beloved in the U.S.", says the article.   HERE is the link to the Travel and Leisure's Best of 2016 article.
 
Charleston area island vacation rentals are up as sighted in a recent Post and Courier article “Charleston Area Island Rentals Strong, Reflecting Better Economy” printed on July 2, 2016.  Avocet’s Dee Bruggeman is quoted in the article several times.  Dee, Director of Vacation Rentals at Avocet, said “ Folly Beach becomes more and more popular every year” and “ While summer is high season, spring and fall are becoming more popular for beach rentals, too.  They fill in more and more every year.  We have five times more occupancy in the shoulder seasons than we did five years ago".  Vacation rental income is a terrific way to subsidize your beach investment.  Avocet offers over 170 vacation rental properties on the beach and is the #1 vacation rental company on the island!  Read the full article HERE.
 
The Charleston area is and has been experiencing tremendous population growth due to the quality of life and improvements in the job market.  Now, with the economy’s improvement, Charleston is seeing growth in new housing.  Recent articles in the Post and Courier concerning this topic include the July 3rd article “Nearly 200,000 neighbors could settle into 11 massive planned communities springing up in the Charleston area”.  The article includes a map detailing Charleston area’s mega- developments.  Mega developments are not new to The Lowcountry.  Past mega developments include Dunes West, Park West, Daniel Island, Cornfield, Sangaree, and Belle Hall.  The idea behind several of the latest developments is mixed use and density.   
Closer to home,  a 330 plus unit combination of apartments, artists spots, gallery space and a market with three driveways feeding into Folly Rd. on a 10 acre plot has been proposed at the corner of Grimball and Folly Rd.  Although the site lies within Charleston County’s Planning Commission’s jurisdiction,  The City of Folly Beach’s officials feel that this development with have negative impact on The City and would be a ‘terrible welcome mat for the Edge of America".  The developers must seek a variance as zoning under the county allows for 120 units.  The Town (of James Island) zoning would allow for 40 or so apartments.  Read more from the Post and Courier article HERE.  Read more about the Lively on Folly Rd. in The Folly Current,  HERE.
Center Street Improvement Plans which included repaving and repainting Center Street to include a center turn lane are now, officially, in the works.  The City, with the help of Charleston County, now have the $330,000 needed to complete this part of the Center Street Improvement Project.  Exact timing for the project is subject to contractors and temperatures but is slated to be completed no later than March 15, 2017.
Hurricane Preparedness is the topic Deputy Chief Steve Mims prepared for this month’s Sandspur.  Hurricane season is typically from June to November with August and September being the peak months.  Read about it HERE to find out how you can be prepared.
Many Charleston area Fourth of July firework displays were cancelled (Folly’s included) due to the King Tides and a SC State law specifying that firework displays be 300 yards from a structure.  However, Folly plans to have a Labor Day firework show making it unique from the other Charleston areas.
On a fun note, a recent book release by local authors, William Baldwin and Robert Barber, Bowens Island Restaurant, is available by phone (843) 958-7367 or online at www.eveningpostbooks.com.  If you haven't been to Bowen's Island, it's a must.  You can't beat the location and atmosphere.  Enjoy!
Don’t forget to read the newsletter below for real estate market statistics.  Inventory continues to be in demand with a 20.5% decrease over the last 12 month period while there is an increase in median price.
All My Best, 
Ulf

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