2018 Year in Review | Charleston, SC Market Update

West Ashley (Inside I-526) 2017 Sales v. 2018 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2017 635

Avg. Sold Price Per SqFt

2018 625

2017 $186

2018 $198

Average Days on Market 2017 41

2018 44

Average Sales Price 2017 2018 $308,809 $352,408

Our West Ashley (Inside I-526) Listings 1505 Hurtes Island Drive $1,195,000 3 Formosa Drive (Under Contract) $950,000 55 Shrewsbury Road $579,000

West Ashley (Outside I-526) 2017 Sales v. 2018 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales

Avg. Sold Price Per SqFt

2017 2018 1,242 1,151

2017 2018 $140 $146

Average Days on Market 2017 38

2018 42

Average Sales Price 2017 2018 $266,854 $281,262

Our West Ashley (Outside I-526) Listings 1634 Bull Creek Lane $125,000

2018 Year in Review | Charleston, SC Market Update

Published on Jan 9, 2019

Daniel Ravenel Sotheby's International Realty

About

It was another great year for Charleston Real Estate and our firm, with strong sales numbers across the board. In the attached Market Report, you will find statistical analysis of our overall market and your neighborhood in detail. We have seen another strong year with price per square foot slightly up market-wide. While some rural areas continue to lag behind, Downtown Charleston has shown real strength with a 6% increase in price per square foot across the entire lower peninsula, and 4% increase in overall sale price. We have also seen number of transactions and days on market mostly flat or down slightly, an indicator of limited inventory. With uncertainty in global financial markets making headlines everyday, our team remains optimistic about investing in real estate at any price point. Steady and manageable appreciation year over year continues to characterize our market, and our office is buzzing with activity as our professional team of agents are busy bringing on new listings and servicing buyers.

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