Folly Beach & Charleston SC Metro Homes

Ulf Hartwig Realtor®

Nobody Sells More Folly Beach

843.442.2459

October 2016 Folly Beach Market and Beach Update

Posted By Margaret Hartwig @ Oct 15th 2016 1:50pm In: Folly Beach

 Welcome to the October Folly Beach Living Newsletter!
With Hurricane Matthew behind us and temperatures dropping, Folly is looking ahead to prepare for next year's season and improvement projects.  While Folly did have some damage (see article 'Washout Wiped Out' below), we were very lucky with hurricane Matthew's timing.  While we were hit at low tide, areas like Edisto Beach, Daufuskie Island, and the Beaufort area including Fripp Island were hit very hard.  For those interested in up to date Edisto information, click HERE.  Local sources have been very complimentary of Folly Beach's handling of the situation before, during, and after the hurricane.  
Upcoming events include FollyPalooza will be this Saturday and the Halloween Carnival on the 31st.  
As always, included in the newsletter are real estate statistics, events, and my featured listing.   
One of my newest listings is 613 E. Cooper.  This smaller, vintage Folly Beach home sits on a high bluff on the East side.  It's among the lowest priced single family homes on the market and is arguabley on one of the best interior lots on the island!  
Immediately following are local happenings, articles of interest, and lender tips from Lucey Mortgage.
I hope you enjoy!
Ulf
Washout wiped Out
Hurricane Matthew caused massive erosion at Folly Beach's Washout Area.  The Washout is a stretch along E. Ashley Avenue where Ashley runs oceanfront separated from the beach by dunes and boulders placed there for protection following previous hurricanes.  Mayor Goodwin of Folly Beach explains that the road is essential for many homes located beyond the washout.  The dunes will be rebuilt and more rocks are a priority.  The City plans to recover its costs from the DOT, according to Goodwin, adding that the road is OK for travel now.  Read the article HERE.
 
Folly makeover funds Under Consideration
Last Thursday Charleston County Council's Finance Committee was scheduled to consider a staff recommendation to award $476,000 towards the Center Street paving and restriping project.  Changes are scheduled to be finished mid- March before tourist season.  Center Street will be 3 lanes with a new center turn lane.  The City will also be doing beautification work this fall on Center Street as it adds brick pavers, flower planter, and more.  The design is tied to the $32 million project to replace the bridges to the island.  The Folly River Bridge is currently getting lights to aid in safety and enjoyment for bikers and pedestrians entering the island.  Find more about this in the Post and Courier's September 29, 2016 newspaper.
 
Historic Vote Aims to Reduce Litter at Folly
Folly Beach has become the first in the state to ban plastic bags, balloons, and polystyrene foam or styrofoam from the beach and within city limits.  Effective immediately, the ban was passed in order to reduce beach litter and to prevent harm to marine life.  Starting January 1st, retailers will be prohibited from distributing single use bags, styrofoam and polystyrene products.  Read more HERE.
The City has also passed a ban on private no parking signs in the right of way.  While they have always been illegal, city staff recently paused enforcement to work on criteria for allowing people to apply for a sign from the City.
 
Lender Advice from Lucey Mortgage
 
Lack of Existing Home Sales Inventory Impacting Sales
Some Highlights:
· Existing home inventory is down 10.1% from last year.
· A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.
· Existing home prices increased 5.1% year-over-year, which is directly related to the lack of inventory.
 
Lorcan Lucey
Lucey Mortgage Corporation
861 Coleman Blvd. Mt Pleasant SC 29464
Office:  843-884-8133
Mobile: 843-224-3650
lorcan@luceymortgage.net
www.luceymortgage.net

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