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MARKET REPORT

CHARLESTON AREA | QUARTER 2 | 2019


Q2 2019 Market Report Section 1: Charleston Area

Cover Home | 147 Stono Drive | Charleston


Featured Properties

147 Stono Drive | Charleston

115 Halona Lane | Kiawah Island

32 Council Street | South of Broad


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

Number of Sales

2018 254

2019 272

Avg. Sold Price Per SqFt

2018 $164

2019 $173

Average Days on Market

2018 86

2019 71

Average Sales Price

2019 2018 $363,187 $389,799

Our Johns Island and Wadmalaw Island Listings 3092 Bohicket Rd $1,850,000 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 3970 Betsy Kerrison Pkwy $895,000 1547 Regimental Ln $849,900 4996 Maybank Hwy $799,000 1781 Tacky Point Rd (Under Contract) $699,000 3511 Bohicket Rd (Under Contract) $549,000 0 Pawlett Blake Ln 32 $310,500 0 Pawlett Blake Ln 31 $300,000 3511 Bohicket Rd 5 $160,000 0 Pawlett Blake Ln 29B $99,000 3511 Bohicket Rd 6 $85,000 3511 Bohicket Rd 4 $75,000

The Landing at St. Johns Yacht Harbor | 2408 Maybank Hwy


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

Number of Sales

2018 318

2019 389

Avg. Sold Price Per SqFt

2018 $227

2019 $229

Average Days on Market

2018 50

2019 71

Average Sales Price

2019 2018 $418,062 $406,399

Our James Island and Folly Beach Listings 1926 Maybank Hwy $6,250,000 147 Stono Dr $4,499,000 2170 Wappoo Hall Rd $3,595,000 11 Red Sunset Lan $1,995,000 2033 Frampton Ave $895,000 220/222 W Ashley Ave (Under Contract) $795,000 1755 Central Park Rd 3301 $225,000

2170 Wappoo Hall Rd


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

Number of Sales

2018 219

2019 208

Avg. Sold Price Per SqFt

2018 $203

2019 $211

Average Days on Market

2018 56

2019 55

Average Sales Price

2019 2018 $370,425 $355,087

Our West Ashley (Inside I-526) Listings 13 Johnson Rd $5,025,000 1505 Hurtes Island Dr $1,195,000 3002 S Shore Dr $430,000

13 Johnson Road

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

Number of Sales

2018 368

2019 328

Avg. Sold Price Per SqFt

2018 $147

2019 $152

Average Days on Market

2018 42

2019 52

Average Sales Price

2019 2018 $288,794 $282,129


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

Number of Sales

2018 52

2019 32

Avg. Sold Price Per SqFt

2018 $150

2019 $165

Average Days on Market

2018 123

2019 167

Average Sales Price

2019 2018 $356,807 $437,521

3002 S Shore Dr


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

Number of Sales

2018 119

2019 138

Avg. Sold Price Per SqFt

2018 $156

2019 $155

Average Days on Market

2018 44

2019 62

Average Sales Price

2019 2018 $251,000 $218,117

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

Number of Sales

2018 260

2019 284

Avg. Sold Price Per SqFt

2018 $111

2019 $121

Average Days on Market

2018 31

2019 43

Average Sales Price

2019 2018 $438,985 $427,475

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

Number of Sales

2018 662

2019 706

Avg. Sold Price Per SqFt

2018 $122

2019 $121

Average Days on Market

2018 57

2019 53

Average Sales Price

2019 2018 $256,836 $278,445


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

Number of Sales

2018 107

2019 95

Avg. Sold Price Per SqFt

2018 2018 $316 $302

Average Days on Market

2018 209

2019 202

Average Sales Price

2019 2018 $810,119 $671,592

Our Kiawah Island and Seabrook Island Listings 51 River Marsh Lane $5,995,000 117 Halona Lane $2,449,000 115 Halona Lane $2,350,000 119 Halona Lane $2,249,000 123 Halona Lane $1,895,000 5511 Cypress Cottage Lane $1,590,000 4204 Mariners Watch $1,495,000 2611 High Hammock Road (Under Contract) $886,000 5114 Sea Forest Drive $785,000 1328 Pelican Watch $340,000 1357 Pelican Watch $295,000

4204 Mariners Watch


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

Number of Sales

2018 24

2019 14

Avg. Sold Price Per SqFt

2018 $681

2019 $835

Average Days on Market

2018 83

Average Sales Price

2019 2019 2018 181 $1,998,731 $2,580,000


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

Number of Sales

2018 86

2019 93

Avg. Sold Price Per SqFt

2018 $449

2019 $487

Average Days on Market

2018 145

2019 164

Average Sales Price

2019 2018 $981,158 $1,113,697

Our Isle of Palms and Wild Dunes Listings 122 Ocean Boulevard $6,995,000 9 55th Avenue $2,445,000 22 Morgan Place Dr $1,495,000 5815 Back Bay Drive $1,099,000

22 Mrogan Place Dr


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

Number of Sales

2018 385

2019 381

Avg. Sold Price Per SqFt

2018 $269

2019 $270

Average Days on Market

2018 56

2019 70

Average Sales Price

2018 $598,537

2019 $605,617

Our Mt. Pleasant (S of IOP Connector) Listings 734 Mildenhall Rd (Under Contract) $729,000 1058 Cottingham Dr $599,000 255 Swallowtail Ct $585,000 767 Natchez Cir $437,500 569 Antebellum Ln $415,000 268 Alexandra Dr 13 $240,000 276 Alexandra Dr 5 $229,000

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

Number of Sales

2018 390

2019 483

Avg. Sold Price Per SqFt

2018 $195

2019 $198

Average Days on Market

2018 92

Average Sales Price

2019 2019 2018 94 $495,348 $509,351

Our Mt. Pleasant (N of IOP Connector) Listings 4193 Victory Pointe Dr $1,375,000 1529 Rivertowne Country Club Dr $899,900 2745 Rush Haven Dr $228,900


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

Number of Sales

2018 1

2019 1

Avg. Sold Price Per SqFt

2018 $301

2019 $241

Average Days on Market

2018 586

Average Sales Price

2019 2019 2018 380 $950,000 $699,000

Our Dewees Island Listings 171 Dewees Inlet Drive

$2,099,000

4193 Victory Pointe Dr


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

Number of Sales

2018 109

2019 113

Avg. Sold Price Per SqFt

2018 $262

2019 $271

Average Days on Market

2018 103

2019 100

Average Sales Price

2018 $761,851

2019 $853,010

Our Daniel Island Listings 55 Watroo Pt $1,050,000 2460 Settlers St $849,900 125 Pier View St 306 $349,900

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

Number of Sales

2018 76

2019 110

Avg. Sold Price Per SqFt

2018 $180

2019 $256

Average Days on Market

2018 76

2019 102

Average Sales Price

2018 $419,135

2019 $421,298

55 Watroo Pt


Q2 2019 Market Report Section 2: Downtown Charleston


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

Number of Sales

2018 134

2019 113

Avg. Sold Price Per SqFt

2018 $466

2019 $456

Average Days on Market

2018 160

2019 111

Average Sales Price

2018 $970,719

2019 $859,305

Our Downtown Charleston (Inside Crosstown) Listings 9 Limehouse St $4,950,000 72 Murray Blvd $4,400,000 2 Laurens St 4-E $3,300,000 35 Tradd St $2,150,000 137 Broad St $1,895,000 33 Gibbes St $1,695,000 32 Council St $1,575,000 178 Queen St A $995,000 48 Warren Street $995,000 42 Bull Street $995,000 192 Ashley Ave B $949,000 25 Rutledge Ave $925,000 1 King St 509 $925,000 109 E Bay St 1B $869,000 12 Ashley Ave $795,000 70 Vanderhorst St $719,000 33 Calhoun St 122 $695,000 33 Calhoun St 227 $695,000 62 Barre St $620,000 3 Chisolm St 402 (Under Contract) $599,000 108 Smith St G $524,000 81 Bull St $475,000 84 Bull St C $460,000 79 Bull St $450,000 173 Rutledge Ave S $414,000 119 Wentworth St D $375,000


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

Number of Sales

2018 59

Avg. Sold Price Per SqFt

2019 63

2018 $316

2019 $319

Average Days on Market

2018 58

Average Sales Price

2019 2019 2018 81 $550,059 $479,899

Our Downtown Charleston (Outside Crosstown) Listings 1 Cool Blow St 324

(Under Contract) $285,000

2 Laurens St 4-E


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

Number of Sales

2018 29

2019 27

Avg. Sold Price Per SqFt

2018 $629

2019 $587

Average Days on Market

2018 174

Average Sales Price

2019 2019 2018 176 $1,936,500 $1,451,372


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

Number of Sales

2018 26

2019 28

Avg. Sold Price Per SqFt

2018 $455

2019 $411

Average Days on Market

2018 175

2019 97

Average Sales Price

2018 $919,387

2019 $826,490

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

Number of Sales

2018 8

2019 4

Avg. Sold Price Per SqFt

2018 $689

2019 $762

Average Days on Market

2018 259

Average Sales Price

2019 2019 2018 62 $849,469 $743,500

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

Number of Sales

2018 10

2019 4

Avg. Sold Price Per SqFt

2018 $556

2019 $496

Average Days on Market

2018 202

Average Sales Price

2019 2019 2018 32 $1,222,200 $1,116,500


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

Number of Sales

2018 7

2019 9

Avg. Sold Price Per SqFt

2018 $416

2019 $400

Average Days on Market

2018 141

2019 121

Average Sales Price

2018 $783,771

2019 $691,833


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

Number of Sales

2018 15

2019 21

Avg. Sold Price Per SqFt

2018 $340

2019 $353

Average Days on Market

2018 74

2019 81

Average Sales Price

2018 $537,950

2019 $610,631

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

Number of Sales

2018 23

2019 22

Avg. Sold Price Per SqFt

2018 $314

2019 $343

Average Days on Market

2018 43

2019 66

Average Sales Price

2018 $564,514

2019 $502,652

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

Number of Sales

2018 6

2019 0

Avg. Sold Price Per SqFt

2018 $383

2019 $0

Average Days on Market

2018 119

2019 0

Average Sales Price

2018 $746,683

2019 $0


NOW SELLING.

BUILDING ONE SLATED FOR A FALL 2020 COMPLETION DATE

Located on its own private peninsula, The Landing at St. Johns Yacht Harbor offers a unique waterfront lifestyle that blends seamlessly with the natural surroundings. Enjoy pristine views of the Stono River tidal marshlands, and the broad sweep of the Atlantic horizon. The Landing at St. Johns Yacht Harbor is a luxury condominium development with only 54-exclusive residences for sale, with private boat slips available.

www.TheLandingAtStJohns.com 843.638.9500


Kiawah I s land’s P re m i e r G re e n N e i g h b or h ood WELCOME TO INDIGO PARK, A PLACE WHERE SUSTAINABILITY, BEAUTY, AND FUNCTIONALITY MEET. WE’RE REDEFINING LUxURY BY BUILDING HOMES WITH THE MOST SOPHISTICATED AND INNOVATIVE MATERIALS POSSIBLE. WE KEEP THINGS LOW-MAINTENANCE, WHICH MEANS YOUR TIME HERE IS ABOUT ENjOYING YOUR HOME RATHER THAN WORRYING ABOUT IT.

Step 1: Walk inside. Step 2: Spend your time just the way you want.

COMMUNITY FEATURES •16 SUSTAINABLY BUILT LEED CERTIFIED HOMES •HOMES RANGE FROM 2,200-3,600 SQFT •3 ACRE COMMUNITY PARK •UNRIVALED MARSH VIEWS •MINUTES TO WORLD CLASS BEACHES & GOLF •SHORT DRIVE TO HISTORIC CHARLESTON •DEVELOPED BY DYAL COMPASS, LLC •BUILT BY CUMULUS ARCHITECTS & CHRISTOPHER ROSE ARCHITECTS WWW.INDIGOPARKHOMES.COM

E XC LU SI VE O F FER S OCIAL K IAWAH I SLAND C LUB M EMBERSHIP I NCLUDED WITH PURCHASE OF SELECT I NDIGO P ARK HOMES THROUGH D EC 31, 2018!


33 BROAD STREET, CHARLESTON SC 29401 | 843.723.7150 | DANIELRAVENELSIR.COM | OPEN 7 DAYS A WEEK

Profile for Daniel Ravenel Sotheby's International Realty

Charleston Area Market Report | Quarter 2 | 2019  

The quarterly statistics are in, and the overarching theme is a market in transition. While we have seen strong gains in a few sub-markets,...

Charleston Area Market Report | Quarter 2 | 2019  

The quarterly statistics are in, and the overarching theme is a market in transition. While we have seen strong gains in a few sub-markets,...