2019 Quarter 1 - Charleston Area Market Update

Page 1

2019 QUARTER 1

CHARLESTON AREA MARKET UPDATE


Q1 2019 Market Update Section 1: Charleston Area


Featured Properties

122 Ocean Blvd | Isle of Palms

607 North Shore Dr | James Island

72 Murray Blvd | South of Broad


Johns Island and Wadmalaw Island 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 203

2019 164

Avg. Sold Price Per SqFt 2018 $163

2019 $167

Average Days on Market 2018 60

2019 73

Average Sales Price 2018 2019 $356,596 $370,194

Our Johns Island and Wadmalaw Island Listings 3092 Bohicket Road $1,850,000 3970 Betsy Kerrison Pkwy $990,000 2408 Maybank Hwy 106 $975,000 2408 Maybank Hwy 105 (Under Contract) $975,000 2408 Maybank Hwy 104 $950,000 2408 Maybank Hwy 103 $950,000 2408 Maybank Hwy 102 $925,000 2408 Maybank Hwy 101 $925,000 4996 Maybank Hwy $799,000 1781 Tacky Point Road $699,000 1310 Chardon Commons $669,000 3511 Bohicket Road $549,000 0 Pawlett Blake Lane 32 $310,500 0 Pawlett Blake Lane 31 $300,000 3042 Penny Lane $289,000 0 Pawlett Blake Lane 29B $99,000

3092 Bohicket Road


James Island and Folly Beach 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 261

Avg. Sold Price Per SqFt

2019 230

2018 $210

2019 $230

Average Days on Market 2018 53

2019 70

Average Sales Price 2018 2019 $375,157 $438,202

Our James Island and Folly Beach Listings 607 North Shore Drive $5,995,000 11 Red Sunset Lane $1,995,000 2033 Frampton Avenue $925,000 1674 E Ashley Avenue (Under Contract) $830,000 114 W Ashley Avenue $755,000 1755 Central Park Road 7313 $219,000

11 Red Sunset Lane


West Ashley (Inside I-526) 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 125

Avg. Sold Price Per SqFt

2019 129

2018 $192

2019 $207

Average Days on Market 2018 43

2019 58

Average Sales Price 2018 2019 $339,390 $357,624

Our West Ashley (Inside I-526) Listings 13 Johnson Road $5,025,000 1505 Hurtes Island Drive $1,195,000 301 Hickory Street (Under Contract) $410,000

West Ashley (Outside I-526) 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 268

2019 247

Avg. Sold Price Per SqFt 2018 $144

2019 $149

Average Days on Market 2018 49

2019 54

Average Sales Price 2018 2019 $279,761 $286,924

Our West Ashley (Outside I-526) Listings 1634 Bull Creek Lane $122,000


Rural West Ashley 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 34

2019 31

Avg. Sold Price Per SqFt 2018 $167

2019 $162

Average Days on Market 2018 112

2019 124

Average Sales Price 2018 2019 $419,585 $344,220

13 Johnson Road


North Charleston (Inside I-526) 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 92

2019 94

Avg. Sold Price Per SqFt 2018 $145

2019 $143

Average Days on Market 2018 38

Average Sales Price

2019 72

2018 2019 $222,456 $224,838

North Charleston/Summerville (Outside I-526) 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 162

2019 225

Avg. Sold Price Per SqFt 2018 $112

2019 $119

Average Days on Market 2018 45

Average Sales Price

2019 58

2018 2019 $171,816 $184,296

Summerville Area 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 748

2019 695

Avg. Sold Price Per SqFt 2018 $117

2019 $123

Average Days on Market 2018 51

2019 54

Average Sales Price 2018 2019 $233,681 $249,765

Our Summerville Area Listings 110 S Hickory Street

(Under Contract) $1,250,000


Kiawah Island and Seabrook Island 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 47

2019 40

Avg. Sold Price Per SqFt 2018 $243

2019 $283

Average Days on Market 2018 236

2019 186

Average Sales Price 2018 2019 $557,213 $617,495

Our Kiawah Island and Seabrook Island Listings 51 River Marsh Lane $5,995,000 117 Halona Lane $2,449,000 119 Halona Lane $2,249,000 123 Halona Lane $1,895,000 565 Bufflehead Drive $1,895,000 5511 Cypress Cottage Lane $1,590,000 4204 Mariners Watch $1,495,000 2611 High Hammock Road $886,000 5114 Sea Forest Drive $785,000 1328 Pelican Watch $340,000 1357 Pelican Watch $305,900

51 River Marsh Lane


Sullivan’s Island 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 13

2019 11

Avg. Sold Price Per SqFt 2018 $701

2019 $632

Average Days on Market 2018 141

2019 90

Average Sales Price 2018 2019 $2,107,904 $2,078,534

Our Sullivan’s Island Listings 2619 Bayonne Street (Under Contract) $7,595,000 3318 Jasper Boulevard $4,799,000 1907 Ion Avenue (Under Contract) $1,695,000

3318 Jasper Boulevard


Isle of Palms and Wild Dunes 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 88

2019 58

Avg. Sold Price Per SqFt 2018 $455

2019 $444

Average Days on Market 2018 153

2019 99

Average Sales Price 2018 2019 $980,375 $981,967

Our Isle of Palms and Wild Dunes Listings 122 Ocean Boulevard $6,995,000 9 55th Avenue $2,595,000 5815 Back Bay Drive $1,099,000 103 Port O Call D $410,000

9 55th Avenue


Mt. Pleasant (S of IOP Connector) 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 257

2019 225

Avg. Sold Price Per SqFt 2018 $259

2019 $273

Average Days on Market 2018 63

2019 70

Average Sales Price 2018 2019 $533,049 $630,467

Our Mt. Pleasant (S of IOP Connector) Listings 337 N Civitas Street $969,000 734 Mildenhall Road $729,000

Mt. Pleasant (N of IOP Connector) 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 278

2019 263

Avg. Sold Price Per SqFt 2018 $192

2019 $194

Average Days on Market 2018 2019 81 75

Average Sales Price 2018 2019 $489,871 $479,791

Our Mt. Pleasant (N of IOP Connector) Listings 1529 Rivertowne Country Club Drive $939,500 2982 Pignatelli Crescent (Under Contract) $924,900 3782 Tupelo Church Lane $344,750 1822 Chauncys Court $344,500 2745 Rush Haven Drive $228,900


Dewees Island 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 0

Avg. Sold Price Per SqFt

2019 2018 1 $0

2019 $65

Average Days on Market 2018 0

Average Sales Price

2019 1073

2018 $0

2019 $250,000

Our Dewees Island Listings 171 Dewees Inlet Drive

$2,249,000

171 Dewees Inlet Drive


Daniel Island 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 81

2019 66

Avg. Sold Price Per SqFt 2018 $251

2019 $260

Average Days on Market 2018 134

Average Sales Price

2019 72

2018 2019 $713,303 $708,376

Our Daniel Island Listings 55 Watroo Point $1,050,000 2460 Settlers Street $879,000 125 Pier View Street 306 $359,900

Wando and Cainhoy 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 53

2019 53

Avg. Sold Price Per SqFt 2018 $160

2019 $169

Average Days on Market 2018 45

2019 106

Average Sales Price 2018 2019 $331,096 $367,796

2460 Settlers Street


Q1 2019 Market Update Section 2: Downtown Charleston


Downtown Charleston (Inside Crosstown) 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 106

2019 79

Avg. Sold Price Per SqFt 2018 $461

2019 $597

Average Days on Market 2018 113

2019 96

Average Sales Price 2018 2019 $939,673 $1,359,418

Our Downtown Charleston (Inside Crosstown) Listings 9 Limehouse Street $5,200,000 72 Murray Boulevard $4,400,000 35 Tradd Street $2,350,000 33 Gibbes Street $1,695,000 51 Laurens Street $1,450,000 165 Tradd Street $1,299,000 11 Gadsden Street $998,000 178 Queen Street A $995,000 48 Warren Street $995,000 42 Bull Street $995,000 192 Ashley Avenue B $949,000 1 King Street 509 $925,000 12 Ashley Avenue $875,000 109 E Bay Street 1B $869,000 3 Chisolm Street 402 $799,000 55 Laurens Street A (Under Contract) $749,000 5 Talon Court (Under Contract) $675,000 62 Barre Street $649,000 77 Bull Street (Under Contract) $550,000 108 Smith Street G $539,000 81 Bull Street $475,000 79 Bull Street $450,000 173 Rutledge Avenue S $414,000 119 Wentworth Street D $387,000 14 Lockwood Drive 4H $285,000


Downtown Charleston (Outside Crosstown) 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 55

2019 56

Avg. Sold Price Per SqFt 2018 $295

2019 $284

Average Days on Market 2018 60

2019 95

Average Sales Price 2018 2019 $462,701 $467,893

Our Downtown Charleston (Outside Crosstown) Listings 31 Gordon Street 320 Ashley Avenue

(Under Contract) $449,000 (Under Contract) $299,900

35 Tradd Street


South of Broad 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 30

2019 19

Avg. Sold Price Per SqFt 2018 $604

2019 $769

Average Days on Market 2018 147

2019 133

Average Sales Price 2018 2019 $1,693,514 $2,801,658


Harleston Village 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 19

2019 14

Avg. Sold Price Per SqFt 2018 $461

2019 $427

Average Days on Market 2018 102

2019 107

Average Sales Price 2018 2019 $757,986 $863,750

French Quarter 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 4

2019 3

Avg. Sold Price Per SqFt 2018 $562

2019 $665

Average Days on Market 2018 81

2019 258

Average Sales Price 2018 2019 $1,115,750 $1,578,333

Ansonborough 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 6

2019 5

Avg. Sold Price Per SqFt 2018 $532

2019 $574

Average Days on Market 2018 60

2019 122

Average Sales Price 2018 2019 $906,833 $1,253,500


Radcliffeborough 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 11

2019 2

Avg. Sold Price Per SqFt 2018 $375

2019 $402

Average Days on Market 2018 149

2019 95

Average Sales Price 2018 2019 $694,148 $755,000


Cannonborough-Elliottborough 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 12

2019 8

Avg. Sold Price Per SqFt 2018 $325

2019 $478

Average Days on Market 2018 121

Average Sales Price

2019 105

2018 2019 $566,830 $557,625

Wagener Terrace and Hampton Park 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 16

2019 21

Avg. Sold Price Per SqFt 2018 $308

2019 $284

Average Days on Market 2018 47

Average Sales Price

2019 70

2018 2019 $518,409 $569,857

Mazyck-Wraggborough 2018 Sales v. 2019 Sales Single Family Home Sales | Greater Charleston Area

Number of Sales 2018 0

2019 4

Avg. Sold Price Per SqFt 2018 $0

2019 $451

Average Days on Market 2018 2019 0 52

Average Sales Price 2018 $0

2019 $1,458,750


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