Greater Charleston Only Market Update Q1 & Q2

MARKET UPDATE

Destination: Charleston Video

The Market in the Charleston Area

Johns Island Market Facts

A stunning contrast to more developed areas of Charletson, Johns Island is truly a diamond in the rough. One only needs to drive the lovely scenic roads to discover the charm of its maritime forests and unspoiled natural beauty. The second largest island on the East Coast (second only to Long Island NY), Johns Island was traditionally a planting community for early settlers of Charlestowne.

Recently Sold

Featured Property

This charming 1920's cottage located on Adams Creek in historic Rockville boasts a sprawling 3.5 acre property with beautiful oaks, azaleas and palmettos. Fantastic sunset views from the gardens and lawn overlooking the marsh. The deep water dock offers great access to fishing, shrimping, boating and any activities on the water. The short dock with a floater has plenty of water at low tide. Daniel Ravenel Sotheby’s International Realty had agents on the listing and selling side of this transaction.

6992 Maybank Highway 4BR/2B | 2,709 SqFt Sold for $820,000 Daniel Ravenel Sotheby’s International Realty

Recently Sold At Auction Large KPM Rectangular Plaque Late 19th Century Painted and Signed by Otto Wustlich Carved giltwood frame Sold for $22,500

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James Island Market Facts

A well established community, James Island is a large island west of downtown Charleston, separated from West Ashley by the Stono River.

This area offers a large selection of moderately priced single family homes, as well as apartments and condominiums. In exploring James Island, one will find numerous gems with deep water docks, along with moderately sized homes framed by ancient oaks and magnolia trees.

Recently Sold

Featured Property

This deep water property located on a high bluff overlooking the Intercoastal Waterway (Wappoo Creek) is only five minutes from the center of downtown Historic Charleston. The 1926 home is delightful and takes full advantage of the tremendous view. The deck and porch give great access to the outside and of course the dock is a great place for a large sailboat and to entertain the young and old four seasons a year.

1838 Maybank Highway 5BR/2.5B | 4,011 SqFt Sold for $1,473,500 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Quang Nam, Vietnam 3BR/3B 6,566 SqFt $1,500,000 Vietnam Sotheby’s International Realty

Grants Pass, Oregon 6BR/4+B 9,704 SqFt $1,500,000 Cascade Sotheby’s International Realty 26

Guanajuato, Mexico 6BR/6.5B 5,113 SqFt $1,295,000 Agave Sotheby’s International Realty

West Ashley (inside 526) Market Facts

West Ashley is located across the Ashley River, to the west of Downtown Charleston. One of the early suburban developments in the area, West Ashley offers a number of historic neighborhoods built in the mid 20th century. Well located, being just minutes from downtown, West Ashley offers an array of moderately priced, often brick homes on ample sized lots, some on the water with marsh views.

On the Market

Featured Property

Deep water property with dock, boat lift, and built-in storage locker. Situated at the quiet end of Ashley Harbor this elegant brick home, built on a high bluff, has outstanding uninterrupted water and marsh views from all of the main rooms. Sliding glass doors access brick patios from the dining room, family room, master bedroom and kitchen. A light and bright home with 12ft ceilings on the first floor complete with rich moldings and wainscoting.

1564 Spinnaker Lane 4BR/3+B | 4,659 SqFt $1,345,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Aquitaine, France 9BR/2B 3,983 SqFt $1,282,051 Biarritz Sotheby’s International Realty

Johannesburg, South Africa 4BR/4.5B 7,500 SqFt $1,288,765 Lew Geffen Sotheby’s International Realty 28

Orion Township, Michigan 4BR/4+B 5,630 SqFt $1,370,000 SKBK Sotheby’s International Realty

Charleston Peninsula (Below Crosstown) Market Facts

Located on a peninsula between the Ashley and Cooper Rivers, Downtown Charleston is a bustling pedestrian city full of artists, businesspeople, students, and families. Cobblestone streets lined with live oaks lead to winding alleys full of charm. The famous Charleston gardens hide behind walls and iron gates, and magnificent parks such as White Point Gardens attract visitors from all over the world.

On the Market

Featured Property

11 Church, circa 1790, is located on one of Charleston's most sought-after addresses, below the bend on lower Church Street. South of Broad and just steps from the Battery. this exquisite four story residence has been completely restored and redesigned. Eric Cohler, award winning designer, creates interior designs that infuse traditional forms with the unexpected. At 11 Church, he has married the history of this grand home with updates for 21st century living.

Cohler's thoughtful design and carefully selected finishes have created a sense of elegance, comfort and warmth. The floor plan of this gracious 6.000 square foot home includes six bedrooms, and five full baths.

11 Church Street 6BR/5+B | 6,000 SqFt $3,475,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Colima, Mexico 6BR/15B 31,730 SqFt $3,900,000 Guadalajara Sotheby’s International Realty

Park City, Utah 5BR/4+B 8,694 SqFt $3,500,000 Summit Sotheby’s International Realty 30

Moscow, Russia 4+BR/4.5B 5,005 SqFt $3,400,000 Moscow Sotheby’s International Realty

Mt. Pleasant (South of IOP Connector) Market Facts

Mt. Pleasant is located just north of downtown Charleston, and has many lovely homes in varied price ranges. Originally accessed via ferry and later two bridges, Mt. Pleasant is now a quick zip over the new Ravenel Bridge, completed in 2006. With this ease of access, Mt. Pleasant is quickly becoming the most popular spot for new residents in the Charleston area.

On the Market

Featured Property

Unique and fabulous, this penthouse is unlike any other in Charleston. Spectacular views of the Cooper River, Charleston Harbor, and more surround you in this spacious light filled penthouse with over 4,000 square feet of luxury living. 11 ft. ceilings, stunning river views, and a sunny open floor plan welcome you home the moment the door of your semi-private elevator opens. Spacious and luxurious living room and dining room, with access to balconies offering views of the river, the Yorktown, Charleston Peninsula and Arthur Ravenel Bridge. Beautiful and functional eat-in kitchen with plenty of space, built-ins and track lighting, flows into the family room area, complete with a gas log fireplace.

181 North Plaza Court, Penthouse 1 3BR/3.5B | 4,116 SqFt $2,675,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Genoa, Italy 3BR/2B 1,615 SqFt $2,657,101 Milan Sotheby’s International Realty

Seattle, Washington 3BR/3.5B 3,205 SqFt $2,500,000 Realogics Sotheby’s International Realty 32

Gros-Inlet, St. Lucia 4BR/4.5B 4,984 SqFt $2,100,000 St. Lucia Sotheby’s International Realty

Waterways and marsh views are a common thread throughout Mount Mt. Pleasant Pleasant, and life moves in the rhythm with those tidal creeks. One has only to search for homes in the Mount Pleasant area to notice the num(North of IOP Connector) ber of water views and lots looking out on open marsh. Enjoy the South Carolina’s pristine Lowcountry waters and wildlife, while remaining Market Facts within only minutes of Downtown Charleston in Mount Pleasant.

Days Da ys on on Market Market (listings (listings over over $1M) $1M)

Total T otal Sales Sales over over $1M! $1M! 1000

10 !

5!

500

2!

630 341

190

Days Da ys on on Market Market

354

Cumulative Cumulative Days Days on on Market Mark rket et

0

0!

Q1 Q1 2013!

2013!

Q1 Q1 2013

Q2 2013!

2013!

Q2

Q Q22 2013

Months Months of of Inventory(all)!

Inventory(all)!

N Number umber of of Listings(all)!

Listings(all)!

16!

16!

14!

14!

12!

12!

10!

10!

88!!

66!!

44!!

22!!

00!!

770 !

765 !

760 !

755 !

750 !

745 !

740 !

735 !

730 !

725 !

Jan! Jan!

Jan! Mar! Apr! M May! ay! JJun! un!

Ja n! Feb! Feb! M ar! Apr!

Average A verage Sale Sale Price Price (listings (listings over over $1M)! $1M)! $1,650,000 $1, 650,000 !

Apr!! M May! ay!

FFeb! eb! Mar! Mar! Apr

JJun! un!

Price P rice P Per er Sqft(over Sqft(over $1M)! $1M)! $400 !

$347 !

$1, 332,500 ! $1,332,500

$1, 225,000 ! $1,225,000

$262 !

$300 !

$1,150,000 $1, 150,000 ! $650,000 $650, 000 !

$200 !

$150, $150,000 000 !

$100 !

Q Q11 2013 2013!!

Q1 Q1 2013!

2013!

Q Q22 2013 2013!!

Q2 Q2 2013 2013!!

List List Prices Prices versus versus Sold Sold Prices Prices (listings (listings over over $1M)! $1M)! $2,000,000 $2, 000,000 ! $1,500,000 $1, 500,000 ! $1, $1,000,000 000,000 !

$1, $1,745,000 745,000 !

432,500 ! $1, $1,432,500 $1,225,000 000 !

$1, $1,543,799 543,799 ! $1, $1,398,799 398,799 ! $1,332,500 500 !

Price LList ist P rice !

$500,000 $500, 000 ! $- !

O Original riginal List List P Price! rice!

Sold Sold Price!

Price!

Q1 Q1 2013!

2013!

Q2 Q2 2013!

2013!

On the Market

Featured Property

It is all about lifestyle with this incredible property. Sit by the pool or take your boat for a cruise down the river.

Located on deep water with boat lift and floating dock. Enjoy beautiful sunset views. This Mediterranean Style stucco home has many custom features. There is a game room with built in bar, professional outfitted office, media room with large projection TV and surround sound. Elevated pool deck including heated and cooled infinity pool, spa, fire pit, koi pond, outdoor kitchen. Deep water dock with pier head, 30 ft floating dock and boat lift. For the car collector there is a 3 bay daily use garage plus 7 car storage garage/utility room. The house boasts an open floor plan with wonderful flow and views of the Wando River.

1982 Sandy Point Lane 5BR/5+B | 10,500 SqFt $4,750,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

La Jolla, California 4BR/3.5B 4,820 SqFt $5,000,000 Pacific Sotheby’s International Realty

Arden, England 7BR/8B 49,003 SqFt $4,577,192 United Kingdom Sotheby’s International Realty 34

Honolulu, Hawaii 3BR/3.5B 2,808 SqFt $4,995,000 Mary Worrall Associates Sotheby’s International Realty

Sullivans Island Market Facts

Just past the fabulous shopping and dining in Mount Pleasant sits the historic Sullivan’s Island. This beachfront community is steeped in tradition, and has a deep respect for nature. Homes range in price and run from large beach front mansions to smaller deep water homes accessing the Intracoastal Waterway.

Recently Sold

Featured Property

This beautiful marshfront property is nearly 3/4 acres and is situated at the end of a quiet street on the back side of the island. The home has excellent flow, and the floor plan takes advantage of the stunning views. Features include a high-end gourmet kitchen with large island, a spacious sunroom connecting to kitchen and living area, large deck, private gazebo with porch swing, expansive light-filled living room with vaulted ceiling, a large master with private balcony, separate closets, sitting area, and separate shower and antique footed bath.

1802 Back Street 5BR/3.5B | 5,669 SqFt Sold for $1,405,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Paradise Island, Bahamas 1BR/2B 1,100 SqFt $1,395,000 Damianos Sotheby’s International Realty

Klaipeda, Lithuania 2BR/2B 2,185 SqFt $1,396,486 Baltic Sotheby’s International Realty 36

North Jackson Hole, Wyoming Land 32 Acres $1,395,000 Tomlinson Sotheby’s International Realty

Isle of Palms & Wild Dunes Market Facts

Isle of Palms is an enchanting beach community with grand mansionstyle, luxury dwellings. Homes on this island range from 5 to 8 or more bedrooms and average 5,000 to 7,000 square feet. Many of the island retreats for sale here sit on an average of 1 to 1.5 acres of land and sclaim their brilliance through subtle colors and grand structure.

Recently Sold

Featured Property

This four bedroom beachfront home provides an incredible opportunity to own a primary residence, family beach house or investment property on the beautiful coast of Isle of Palms. The open floor plan provides spectacular views, bright rooms and comfortable living. Sea Oats Club is private community consisting of twelve individually owned homes, a community pool and a community walkway to the beach.

12 Surf Lane 4BR/3.5B | 2,210 SqFt Sold for $1,585,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Marlborough, New Zealand 6BR/5B 4,402 SqFt $4,726,127 New Zealand Sotheby’s International Realty

North Kingstown, Rhode Island 4BR/4.5B 4,563 SqFt $4,975,000 Mott & Chace Sotheby’s International Realty 38

Vaud, Switzerland 6BR/3.5B 3,660 SqFt $4,525,374 de Rham Sotheby’s International Realty

Marketing Charleston Worldwide

33 Broad Street Charleston, SC 29401 O: 843.723.7150 | F: 843.723.7494

Daniel Ravenel Sotheby’s International Realty 33 Broad Street Charleston, SC 29401 O: 843.723.7150 | F: 843.723.7494 www.DanielRavenelSIR.com

Each Office is Independently Owned and Operated