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Quarter 2 2017 CHARLESTON, SC MARKET UPDATE W est A shley | J ames I sland | F olly B each | J ohns I sland | K iawah I sland | S eabrook I sland | M t . P leasant | S ullivan ’ s I sland | I sle of P alms | W ild D unes | D aniel I sland | N orth C harleston | D ewees I sland | S ummerville | D owntown C harleston | A nsonborough | C annonborough | F rench Q uarter | H arleston V illage | H ampton P ark | W agener T errace | R adcliffeborough | S outh of B road | W raggsborough


Section 1: Charleston Area


JOHNS ISLAND AND WADMALAW ISLAND

Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales A stunning contrast to more developed areas of Charleston, 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.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 200

2016 $150.40

2016 72

2016 $311,138

2017 204

2017 $165.95

2017 55

2017 $340,638

Our Firm’s Johns Island and Wadmalaw Listings: 3940 Chisolm Road The Farms at Brickhouse Plantation 3906 Betsy Kerrison Parkway 3034 Maritime Forest Drive 4996 Maybank Highway 1205 Turning Leaf Drive 1604 Bernier Commons

3034 MARITIME FOREST DRIVE

$3,300,000 $2,500,000 $1,595,000 $1,200,000 $899,000 $499,000 $159,000


JAMES ISLAND AND FOLLY BEACH

Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales A well established community, James Island is located 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.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 332

2016 $194.48

2016 55

2016 $339,939

2017 346

2017 $223.02

2017 50

2017 $395,018

Our Firm’s James Island and Folly Beach Listings: 672 Ellis Oak Drive 1984 Folly Rd, B210

672 ELLIS OAK DRIVE

$3,395,000 $329,000


WEST ASHLEY (INSIDE I-526)

Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales West Ashley is located across the Ashley River, directly west of Downtown Charleston, and it is one of the earliest suburbs 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.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 133

2016 $158.44

2016 58

2016 $268,103

2017 124

2017 $185.76

2017 49

2017 $306,326

Our Firm’s West Ashley Listings: 13 Johnson Road 111 Folly Road 1505 Hurtes Island Drive 212 Collingwood Avenue

13 JOHNSON ROAD

$5,495,000 $1,495,000 $1,395,000 $550,000


WEST ASHLEY (OUTSIDE I-526)

Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 354

2016 $134.46

2016 34

2016 $261,940

2017 369

2017 $141.26

2017 34

2017 $270,152

Our Firm’s West Ashley Listing: 2108 Rookery Lane 2194 Fragrant Lane

2108 ROOKERY LANE

$695,500 $275,000


RURAL WEST ASHLEY

Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 44

2016 $127.07

2016 76

2016 $319,831

2017 49

2017 $136.45

2017 91

2017 $304,342

Our Firm’s Rural West Ashley Listings: 5031 Old York Course 4074 Ten Shillings Way

5031 OLD YORK COURSE

$1,750,000 $1,150,000


NORTH CHARLESTON (INSIDE I-526)

Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales North Charleston is an economic center of South Carolina, and houses some major players such as Boeing, Bosch and the Military complex including the Air Force Base. North Charleston is home to the newly renovated Charleston International Airport, the North Charleston Colliseum, which attracts major performers, and the Tanger Outlet shopping mall. With a flurry of economic activity, North Charleston offers affordable housing options throughout its large reach across the upper Peninsular area. With the intersection of the I-526 beltway and I-26, North Charleston enjoys easy access to all areas of Greater Charleston.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 95

2016 $123.25

2016 35

2016 $175,486

2017 135

2017 $129.73

2017 50

2017 $199,392

NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 255

2016 $98.16

2016 48

2016 $160,782

2017 290

2017 $106.39

2017 42

2017 $169,949


KIAWAH ISLAND AND SEABROOK ISLAND

Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales Kiawah Island is a privately owned beach and golf resort located on a barrier island 15 miles south of Charleston, South Carolina. The island is lined with 10 miles of pristine beaches and approximately 10,000 acres of natural woodlands. Seabrook Island, wholly owned by its residents, is also a gated island which offers lush maritime forests, a top rate tennis facility, two championship golf courses and a full service equestrian center. Seabrook also offers one of the widest beaches on the East Coast. *sales comparisons do not include properties listed and sold by Kiawah Island Real Estate, a non-MLS company

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 59

2016 $265.29

2016 196

2016 $500,973

2017 86

2017 $580.00

2017 220

2017 $622,553

Our Firm’s Kiawah and Seabrook Island Listings: 109 Flyway Drive 3147 Marshgate Drive 37 Shoolbred Court 3732 Seabrook Island Road 125 Halona Lane 113 Halona Lane 123 Halona Lane 330 Moon Tide Lane

3732 SEABROOK ISLAND ROAD

$12,500,000 $5,495,000 $5,200,000 $3,450,000 $3,100,000 $2,350,000 $1,995,000 $749,000


SULLIVAN’S ISLAND

Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales Just past the fabulous shopping and dining in Mount Pleasant sits 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.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 18

2016 $556.17

2016 167

2016 $1,500,639

2017 21

2017 $647.84

2017 113

2017 $2,041,214

Our Firm’s Sullivan’s Island Listing: 1311 Cove Avenue 844 Middle Street

844 MIDDLE STREET

$2,850,000 $2,495,000


MT. PLEASANT (SOUTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales

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 Arthur 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. Mt. Pleasant is one of the fastest growing suburbs in the entire country.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 399

2016 $240.95

2016 52

2016 $515,999

2017 405

2017 $269.21

2017 63

2017 $553,169

Our Firm’s Mt. Pleasant Listings: 1600 Long Grove Drive, 1117

RAVENEL BRIDGE

$214,900


MT. PLEASANT (NORTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 479

2016 $182.77

2016 54

2016 $458,794

2017 424

2017 $192.80

2017 68

2017 $487,419

WANDO AND C AINHOY

Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 75

2016 $163.60

2016 54

2016 $370,757

2017 66

2017 $617.32

2017 53

2017 $326,036


WILD DUNES AND ISLE OF PALMS

Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales Originally known as “Long Island,” the Isle of Palms is one of Charleston’s premier beach communities. From smaller beach bungalows to luxury beach retreats well over a million dollars, the Isle of Palms has it all. Originally developed in the early 20th century as a beachfront with one hotel, and built up in the mid 20th Century, the Isle of Palms has blossomed into a full resort destination. Wild Dunes is a renowned community situated at the north end of the island and offers its residents innumerable amenities including tennis, clubhouses, and several world renowned golf courses right on the Intracoastal Waterway.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 92

2016 $415.88

2016 169

2016 $911,225

2017 91

2017 $403.57

2017 137

2017 $876,718

Our Firm’s Wild Dunes and Isle of Palms Listings: 120 Ocean Boulevard 2401 Waterway Boulevard 2602 Palm Boulevard 48 Seagrass Lane 11 Morgan Place Drive 25 23rd Avenue

11 MORGAN PLACE DRIVE

$6,695,000 $5,300,000 $5,000,000 $1,849,500 $1,645,000 $649,000


DEWEES ISLAND

Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales Dewees Island is a secluded barrier island tucked away off the Intracoastal Waterway just north of the Isle of Palms. This private residential community is dedicated to preserving natural resources, and was founded on deep respect and harmony with nature. Dewees Island is a private island paradise that is only accessible to property owners, their guests, and potential buyers. This community was designed to preserve the island’s natural state, so many of the homes are almost imperceptible behind the trees when viewed from the inlet. Even when Dewees Island is fully developed, over 95% of the island will remain in its natural state. Only 150 homes sites will ever be available, and only a handful remain.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 1

2016 $251.64

2016 272

2016 $730,000

2017 1

2017 $475.83

2017 692

2017 $1,900,000

Our Firm’s Dewees Island Listing: 171 Dewees Inlet Drive

171 DEWEES INLET DRIVE

$2,495,000


DANIEL ISLAND

Greater Charleston Area | Q2 2016 vs Q2 2017 | Single Family Home Sales Daniel Island is located to the northwest of Mount Pleasant, and is accessed via 526. Separated from Mount Pleasant by the Wando River, Daniel Island is one of the newest areas of Charleston. A fully self contained area of Charleston, Daniel Island is home to shops, restaurants, and sports complexes such as the MUSC Health Stadium where the Charleston Battery Soccer Team plays and the Family Circle Tennis Stadium, where the Volvo Car Open is held. Daniel Island is bustling with economic growth and increasing home sales.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 98

2016 $239.90

2016 50

2016 $653,673

2017 104

2017 $251.91

2017 60

2017 $654,573

Our Firm’s Daniel Island Listings: 233 King George Street 720 Island Park Drive, 101

720 ISLAND PARK DRIVE 101

$2,749,000 $960,000


RIVERSID E

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Downtown Charleston


DOWNTOWN CHARLESTON (BELOW CROSSTOWN)

Downtown Charleston Neighborhoods | Q2 2016 vs Q2 2017 | Single Family Home Sales Located on the 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 crepe myrtles and oaks lead to winding alleys full of colorful architecture and historical significance. The famous mansions and gardens hide behind walls and iron gates, and magnificent historical churches and landmarks attract visitors from all over the world.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 144

2016 $450.88

2016 137

2016 $978,530

2017 141

2017 $473.70

2017 113

2017 $1,038,020

Our Firm’s Downtown Charleston Listings: 71 Anson Street 85 Rutledge Avenue 53 East Bay Street, C 8 Elliott Street, B 33 Calhoun Street, 141 109 East Bay Street, 1A 1 Ipswich Court

85 RUTLEDGE AVENUE

$5,500,000 $1,295,000 $950,000 $795,000 $755,000 $710,000 $450,000


DOWNTOWN CHARLESTON (ABOVE CROSSTOWN)

Downtown Charleston Neighborhoods | Q2 2016 vs Q2 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2016 64

2016 $254.25

2016 53

2016 $415,530

2017 51

2017 $300.21

2017 54

2017 $429,735

RUTLEDGE AVENUE | HAMPTON PARK

AVERAGE SALES PRICE


SOUTH OF BROAD

Downtown Charleston Neighborhoods | Q2 2016 vs Q2 2017 | Single Family Home Sales This area is defined as the lower section of the peninsula located to the south of Broad Street, a main thoroughfare bisecting the oldest part of the city. Broad Street houses many businesses including banks and real estate offices, as well as a large collection of art galleries. Just past Broad Street heading south are some of the stateliest historical mansions in South Carolina.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 35

2016 $605.91

2016 183

2016 $1,947,767

2017 38

2017 $634.25

2017 164

2017 $1,813,099

Our Firm’s South of Broad Listings: 53 East Bay Street, C 8 Elliott Street, B 109 East Bay Street, 1A

8 ELLIOTT STREET, B

$950,000 $795,000 $740,000


HARLESTON VILLAGE

Downtown Charleston Neighborhoods | Q2 2016 vs Q2 2017 | Single Family Home Sales Located to the southwest of downtown, Harleston Village is a diverse and vibrant area of Charleston. Originally owned by the widow Harleston, who created today’s neighborhoods and streets from her husband’s farm land. One of the larger downtown neighborhoods, Harleston Village is minutes from The Battery and home to Colonial Lake, Cannon Park, Moultrie Park, and the City Marina.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 32

2016 $388.97

2016 120

2016 $766,123

2017 21

2017 $401.74

2017 86

2017 $995,881

Our Firm’s Harleston Village Listings: 59 B Barre Street 59 A Barre Street 85 Rutledge Avenue

HALSEY PARK $1,600,000+

$1,605,000 $1,595,000 $1,295,000


FRENCH QUARTER

Downtown Charleston Neighborhoods | Q2 2016 vs Q2 2017 | Single Family Home Sales The French Quarter is well known in downtown Charleston for its cobblestone streets, lovely alleys and unique historical homes. Originally named for the large concentration of French Huguenots living here, the French Quarter has no lack of charms with the famous Church Street, Queen Street and fabulous renovated warehouses and pre-Revolutionary buildings.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2016 8

2016 $834.49

2016 105

2016 $1,208,375

2017 6

2017 $750.86

2017 220

2017 $898,937

CHALMERS STREET | FRENCH QUARTER

AVERAGE SALES PRICE


ANSONBOROUGH

Downtown Charleston Neighborhoods | Q2 2016 vs Q2 2017 | Single Family Home Sales Ansonborough is defined as the area between King and East Bay and George and Pinckney Streets just north of the historic market and Custom House. Rebuilt after the great fire of 1836, Ansonborough was the city’s first suburb and boasts some impressive historic homes which have undergone extensive restorations thanks to the work of the Historic Charleston Foundation.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 8

2016 $468.38

2016 77

2016 $1,020,488

2017 10

2017 $542.15

2017 193

2017 $1,402,100

Our Firm’s Ansonborough Listings: 71 Anson Street

$5,500,000

71 ANSON STREET


RADCLIFFEBOROUGH

Downtown Charleston Neighborhoods | Q2 2016 vs Q2 2017 | Single Family Home Sales Radcliffeborough is an area north of Harleston Village and offers some of the hippest new restaurants and bars located on Upper King Street. St Phillip Street is the main hub of the College of Charleston, with its 10,000 undergrad students. This area of Charleston is experiencing a large construction and development surge with many new hotels opening and under construction. In addition to hotels, condo buildings are being built here at a rapid rate, increasing the number of rooms available on the Peninsula and demanding top dollar rents for the new construction residences.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2016 11

2016 $342.65

2016 155

2016 $617,864

2017 14

2017 $377.96

2017 43

2017 $648,364

COLLEGE OF CHARLESTON

AVERAGE SALES PRICE


C ANNONBOROUGH - ELLIOTTBOROUGH

Downtown Charleston Neighborhoods | Q2 2016 vs Q2 2017 | Single Family Home Sales Cannonborough and Elliotborough are located above Morris and Bee Streets on the Peninsula and house a large portion of Charleston’s student population. Well located for walking access to the College of Charleston, Medical University and also to Upper King Street’s restaurants and bars, this area is a lively urban mix of age groups.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 10

2016 $325.17

2016 41

2016 $532,550

2017 18

2017 $357.07

2017 84

2017 $511,717

Our Firm’s Elliotborough Listing:: 1 Ipswich Court

CHARLESTON PENINSULA SKYLINE

$450,000


WAGENER TERRACE AND HAMPTON PARK

Downtown Charleston Neighborhoods | Q2 2016 vs Q2 2017 | Single Family Home Sales Wagener Terrace is a suburban area located on the upper Charleston peninsula, with numerous well located, moderately priced homes. Many young families are calling Wagener Terrace home due to the proximity to highways, downtown Charleston, and easy access to West Ashley, Mt. Pleasant, and North Charleston. Within the same footprint is Hampton Park which gains its name from the large green space in its center which was a world fair site in 1900.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2016 21

2016 $267.53

2016 31

2016 $450,487

2017 17

2017 $318.06

2017 39

2017 $529,456

HAMPTON PARK

AVERAGE SALES PRICE


MAZYCK-WRAGGBOROUGH

Downtown Charleston Neighborhoods | Q2 2016 vs Q2 2017 | Single Family Home Sales Wraggborough is an area north of Ansonborough which features lovely ancient oaks and parks alongside well constructed, historic homes in a variety of price ranges. Originally owned by the Wragg family and divided among the descendents, it is home to the Charleston Museum which is the oldest museum in America.

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2016 6

2016 $348.00

2016 136

2016 $667,250

2017 5

2017 $348.44

2017 65

2017 $720,500

WRAGGBOROUGH GARDEN

AVERAGE SALES PRICE


33 BROAD STREET CHARLESTON, SC 29401 843.723.7150 DANIELRAVENELSIR.COM

Q2 2017  

2nd Quarter Ebook

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