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QUARTER 2 2018 CHARLESTON, SC MARKET UPDATE

West Ashley, James Island, Folly Beach, Johns Island, Kiawah Island Seabrook Island, Mount Pleasant, Sullivan’s Island, Isle of Palms Wild Dunes, Daniel Island, North Charleston, Dewees Island Summerville, Downtown Charleston, Ansonborough, Cannonborough French Quarter, Harleston Village, Hampton Park, Wagener Terrace Radcliffeborough, South of Broad, Wraggsborough


Quarter 2 Market Update Section 1: Charleston Area


Featured Properties

2619 Bayonne Street Offered at $8,250,000 9 Tradd Street Offered at $7,280,000 3318 Jasper Street Offered at $5,350,000 9 Limehouse Street Offered at $5,200,000


JOHNS IS LAND AND WADMALAW IS LAND Greater Charleston Area | Q2 2017 vs Q2 2018 | 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

2017 208

2017 $165.83

2017 65

2017 $338,902

2018 254

2018 $163.83

2018 86

2018 $363,187

OUR FIRM’S JOHNS ISLAND & WADMALAW LISTINGS

0 River Road $1,995,000 3 Martins Point Road $1,195,000 4996 Maybank Hwy $799,000 2616 Bohicket Road

(Under Contract) $625,000

2632 Colonel Harrison Drive $448,000 1289 Martins Point Road $395,000 1604 Bernier Commons

(Under Contract) $125,000


JAMES IS LAND AND FOLLY BEACH Greater Charleston Area | Q2 2017 vs Q2 2018 | 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

2017 353

2017 $222.66

2017 60

2017 $396,575

2018 318

2018 $227.03

2018 50

2018 $418,062

OUR FIRM’S JAMES ISLAND AND FOLLY BEACH LISTINGS

672 Ellis Oak Drive $3,395,000 114 W Ashley Avenue B301 $755,000 1025 Riverland Woods Place 702

(Under Contract) $242,000


WEST ASHLEY (INSIDE I-526) Greater Charleston Area | Q2 2017 vs Q2 2018 | 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

2017 218

2017 $187.47

2017 43

2017 $316,986

2018 219

2018 $202.77

2018 56

2018 $370,425

OUR FIRM’S WEST ASHLEY (INSIDE 1-526) LISTINGS

13 Johnson Road $4,695,000 1505 Hurtes Island Drive $1,195,000 55 Shrewsbury Road $599,000


WEST ASHLEY (OUTSIDE I-526) Greater Charleston Area | Q2 2017 vs Q2 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 369

2017 $141.36

2017 40

2017 $269,965

2018 368

2018 $147.11

2018 42

2018 $288,794

OUR FIRM’S WEST ASHLEY (OUTSIDE 1-526) LISTINGS

1635 Bull Creek Lane $1,175,000


RURAL WEST ASHLEY Greater Charleston Area | Q2 2017 vs Q2 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 49

2017 $136.45

2017 102

2017 $304,342

2018 52

2018 $149.85

2018 123

2018 $356,807

OUR FIRM’S RURAL WEST ASHLEY LISTINGS

5720 Captain Kidd Road

$423,890


NORTH CHARLESTON (INSIDE I-526) Greater Charleston Area | Q2 2017 vs Q2 2018 | 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

2017 135

2017 $129.73

2017 52

2017 $199,392

2018 119

2018 $155.52

2018 44

2018 $251,000

NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Greater Charleston Area | Q2 2017 vs Q2 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 292

2017 $106.27

2017 51

2017 $170,069

2018 260

2018 $111.11

2018 31

2018 $170,798

OUR FIRM’S NORTH CHARLESTON/SUMMERVILLE LISTINGS 8049 Kittery Avenue

$264,900


KIAWAH IS LAND AND SEABROOK IS LAND Greater Charleston Area | Q2 2017 vs Q2 2018 | 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

2017 86

2017 $580.00

2017 249

2017 $622,553

2018 107

2018 $316.03

2018 209

2018 $810,119

OUR FIRM’S KIAWAH ISLAND AND SEABROOK ISLAND LISTINGS

212 Ocean Marsh 121 Halona Lane 131 Halona Lane 125 Halona Lane 565 Bufflehead Drive 119 Halona Lane 123 Halona Lane 5511 Cypress Cottage Lane 1328 Pelican Watch 1357 Pelican Watch 1701 Live Oak Park 1637 Live Oak Park (Under Contract)

$3,595,000 $3,195,000 $3,095,000 $3,095,000 $2,395,000 $2,295,000 $1,950,000 $1,775,000 $345,000 $305,900 $170,000 $165,000


SULLIVANS ISLAND Greater Charleston Area | Q2 2017 vs Q2 2018 | 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

2017 21

2017 $647.84

2017 123

2017 $2,041,214

2018 24

2018 $680.54

2018 83

2018 $1,998,731

OUR FIRM’S SULLIVANS ISLAND LISTINGS

2619 Bayonne Street $8,250,000 3318 Jasper Boulevard $5,350,000 2102 Atlantic Avenue $2,950,000 1301 Cove Avenue $2,275,000


MT. PLEASANT (SOUTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q2 2017 vs Q2 2018 | 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

2017 408

2017 $269.99

2017 74

2017 $555,982

2018 385

2018 $268.89

2018 56

2018 $598,537

OUR FIRM’S MT. PLEASANT (SOUTH OF IOP CONNECTOR) LISTINGS

269 Indigo Bay Circle $974,000 734 Milldenhall Road $799,000 747 Bradburn Drive $459,000 612 Speights Street (Under Contract) $580,000


MT. PLEASANT (NORTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q2 2017 vs Q2 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 427

2017 $192.82

2017 93

2017 $487,098

2018 390

2018 $194.76

2018 92

2018 $495,348

OUR FIRM’S MT. PLEASANT (NORTH OF IOP CONNECTOR) LISTINGS

3618 Coastal Crab Road $1,399,000 2073 Shell Ring Circle $1,124,999


WILD DUNES AND IS LE OF PALMS Greater Charleston Area | Q2 2017 vs Q2 2018 | 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

2017 92

2017 $403.07

2017 172

2017 $973,058

2018 86

2018 $448.84

2018 145

2018 $981,158

OUR FIRM’S WILD DUNES AND ISLE OF PALMS LISTINGS

8 55th Avenue $2,495,000 11 Morgan Place Drive $1,395,000 3 39th Avenue $682,000 103 D Port O Call Drive $415,000


DEWEES ISLAND Greater Charleston Area | Q2 2017 vs Q2 2018 | 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

2017 1

2017 $475.83

2017 692

2017 $1,900,000

2018 1

2018 $301.40

2018 586

2018 $950,000


DANIEL IS LAND Greater Charleston Area | Q2 2017 vs Q2 2018 | 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

2017 106

2017 $251.74

2017 70

2017 $655,892

2018 109

2018 $261.81

2018 103

2018 $761,851

WANDO AND CAINHOY Greater Charleston Area | Q2 2017 vs Q2 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 66

2017 $617.32

2017 59

2017 $326,036

2018 76

2018 $179.51

2018 76

2018 $419,135


Quarter 2 Market Update Section 2: Downtown Charleston


DOWNTOWN CHARLESTON (INSIDE CROSSTOWN) Downtown Charleston Neighborhoods | Q2 2017 vs Q2 2018 | 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

2017 141

2017 $473.70

2017 152

2017 $1,038,020

2018 134

2018 $466.40

2018 160

2018 $970,719


DOWNTOWN CHARLESTON (OUTSIDE CROSSTOWN) Downtown Charleston Neighborhoods | Q2 2017 vs Q2 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 51

2017 $300.21

2017 53

2017 $429,735

2018 59

2018 $315.57

2018 58

2018 $550,059


OUR FIRM’S DOWNTOWN CHARLESTON LISTINGS

9 Tradd Street $7,280,000 9 Limehouse Street $5,200,000 166 Wentworth Street (Under Contract) $1,950,000 16 King Street (Under Contract) $1,950,000 31 State Street $1,400,000 66 Anson Street (Under Contract) $1,395,000 165 Tradd Street $1,350,000 12 Tradd Street $1,550,000 9 Elizabeth Street $1,375,000 109 East Bay Street 1-B $895,000 12 Ashley Avenue $875,000 180 Broad Street $699,000 5 Talon Court $675,000 77 Bull Street $575,000 55 Ashley Avenue #16 $475,000 81 Bull Street $475,000 79 Bull Street $450,000 173 Rutledge Avenue S $414,000


SOUTH OF BROAD Downtown Charleston Neighborhoods | Q2 2017 vs Q2 2018 | 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

2017 38

2017 $634.25

2017 169

2017 $1,813,099

2018 29

2018 $629.48

2018 174

2018 $1,936,500


HARLESTON VILLAGE Downtown Charleston Neighborhoods | Q2 2017 vs Q2 2018 | 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

2017 21

2017 $401.74

2017 127

2017 $995,881

2018 26

2018 $455.10

2018 175

2018 $919,387


FRENCH QUARTER Downtown Charleston Neighborhoods | Q2 2017 vs Q2 2018 | 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

AVERAGE SALES PRICE

2017 6

2017 $750.86

2017 357

2017 $898,937

2018 8

2018 $688.62

2018 259

2018 $849,469


ANSONBOROUGH Downtown Charleston Neighborhoods | Q2 2017 vs Q2 2018 | 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

2017 10

2017 $542.15

2017 250

2017 $1,402,100

2018 10

2018 $556.18

2018 202

2018 $1,222,200

RADCLIFFEBOROUGH Downtown Charleston Neighborhoods | Q2 2017 vs Q2 2018 | 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

AVERAGE SALES PRICE

2017 14

2017 $377.96

2017 56

2017 $694,148

2018 7

2018 $415.99

2018 141

2018 $783,771


CANNONBOROUGH - ELLIOTTBOROUGH Downtown Charleston Neighborhoods | Q2 2017 vs Q2 2018 | 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

2017 18

2017 $357.07

2017 83

2017 $511,717

2018 15

2018 $340.23

2018 74

2018 $537,950


WAGENER TERRACE AND HAMPTON PARK Downtown Charleston Neighborhoods | Q2 2017 vs Q2 2018 | 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

AVERAGE SALES PRICE

2017 17

2017 $318.06

2017 39

2017 $529,456

2018 23

2018 $314.42

2018 43

2018 $564,514


MAZYCK-WRAGGBOROUGH Downtown Charleston Neighborhoods | Q2 2017 vs Q2 2018 | 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

AVERAGE SALES PRICE

2017 5

2017 $348.44

2017 75

2017 $720,500

2018 6

2018 $383.38

2018 119

2018 $746,683


33 Broad Street, Charleston SC 29401 | 843.723.7150 | DanielRavenelSIR.com | Open 7 Days A Week

Q2 2018 Market Update  

Q2 2018 Market Update

Q2 2018 Market Update  

Q2 2018 Market Update