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109 FLYWAY DRIVE | KIAWAH ISLAND | $12,500,000

2016 year in review 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 | all sales 2015 vs all sales 2016 | 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

2015 561

2015 $149.21

2015 63

2015 $324,984

2016 672

2016 $151.02

2016 60

2016 $315,873

Our Firm’s Johns Island and Wadmalaw Listings 4205 Turning Leaf Drive 1881 Headquarters Plantation Drive 4257 Wild Turkey Way 3940 Chisolm Road 1175 River Road The Farms at Brickhouse Plantation 1604 Bernier Commons 4996 Maybank Highway

4257 WILD TURKEY WAY | BRIARS CREEK

$499,000 $750,000 $3,500,000 $3,900,000 $649,000 $2,500,000 $159,000 $949,000


JAMES ISLAND AND FOLLY BEACH

Greater Charleston Area | all sales 2015 vs all sales 2016 | 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

2015 1,076

2015 $188.26

2015 67

2015 $340,694

2016 1,057

2016 $197.03

2016 59

2016 $343,712

700 Daniel Ellis Drive, 4201 902 Parrot Creek Way

902 PARROT CREEK WAY

AVERAGE SALES PRICE

Our Firm’s James Island and Folly Beach Listings $163,000 $669,000


WEST ASHLEY (INSIDE I-526)

Greater Charleston Area | all sales 2015 vs all sales 2016 | 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

2015 591

2015 $164.12

2015 54

2015 $278,154

2016 628

2016 $170.52

2016 45

2016 $285,117

Our Firm’s West Ashley Listings: 1505 Hurtes Island Drive 13 Johnson Road

13 JOHNSON ROAD | THE CRESCENT

$1,395,000 $5,900,000


WEST ASHLEY (OUTSIDE I-526)

Greater Charleston Area | all sales 2015 vs all sales 2016 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2015 1,087

2015 $112.33

2015 53

2015 $241,683

2016 1,281

2016 $133.96

2016 41

2016 $260,594

1505 HURTES ISLAND | WEST ASHLEY

AVERAGE SALES PRICE


RURAL WEST ASHLEY

Greater Charleston Area | all sales 2015 vs all sales 2016 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2015 132

2015 $132.46

2015 132

2015 $340,474

2016 163

2016 $142.17

2016 96

2016 $347,301

Our Firm’s Rural West Ashley Listing: 4915 Pointe Pleasant Lane

4915 POINTE PLEASANT LANE | HOLLYWOOD

$2,750,000


NORTH CHARLESTON (INSIDE I-526)

Greater Charleston Area | all sales 2015 vs all sales 2016 | 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

2015 358

2015 $103.40

2015 65

2015 $150,698

2016 345

2016 $124.71

2016 45

2016 $180,950

NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526)

Greater Charleston Area | all sales 2015 vs all sales 2016 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2015 969

2015 $93.00

2015 62

2015 $151,657

2016 985

2016 $100.80

2016 43

2016 $163,006


KIAWAH ISLAND AND SEABROOK ISLAND

Greater Charleston Area | all sales 2015 vs all sales 2016 | 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

2015 206

2015 $281.61

2015 262

2015 $617,037

2016 203

2016 $273.79

2016 209

2016 $566,795

Our Firm’s Kiawah and Seabrook Island Listings: 3031 Maritime Forest Drive 123 Halona Lane 119 Halona Lane 141 Halona Lane 125 Halona Lane 129 Halona Lane 109 Flyway Drive 159 Nicholas Carteret Circle 330 Moon Tide Lane 2628 Seabrook Island Road 1161 Oyster Catcher Court 2731 Jenkins Point Road 3147 Marshgate Drive

$695,000 $1,995,000 $2,295,000 $2,450,000 $3,000,000 $3,225,000 $12,500,000 $399,000 $790,000 $735,000 $4,000,000 $3,999,999 $6,500,000


SULLIVAN’S ISLAND

Greater Charleston Area | all sales 2015 vs all sales 2016 | 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

2015 56

2015 $496.69

2015 157

2015 $1,486,163

2016 62

2016 $543.95

2016 133

2016 $1,523,516

Our Firm’s Sullivan’s Island Listing: 1311 Cove Avenue

1311 COVE AVENUE | SULLIVANS ISLAND

$2,850,000


MT. PLEASANT (SOUTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | all sales 2015 vs all sales 2016 | 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

2015 1,144

2015 $222.27

2015 54

2015 $489,303

2016 1,281

2016 $245.80

2016 58

2016 $524,775

Our Firm’s Mt. Pleasant Listings: 311 Mallard Court 1665 Marsh Harbor Lane, B 1621 Marsh Harbor Lane 56 Robert Mills Circle VIEW FROM 1621 MARSH HARBOR LANE | MT. PLEASANT

$330,000 $549,500 $895,000 $1,459,000


MT. PLEASANT (NORTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | all sales 2015 vs all sales 2016 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2015 1,483

2015 $174.63

2015 66

2015 $431,816

2016 1,582

2016 $185.19

2016 68

2016 $455,764

WANDO AND C AINHOY

Greater Charleston Area | all sales 2015 vs all sales 2016 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2015 319

2015 $244.58

2015 61

2015 $299,294

2016 252

2016 $160.16

2016 52

2016 $352,166


WILD DUNES AND ISLE OF PALMS

Greater Charleston Area | all sales 2015 vs all sales 2016 | 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

2015 260

2015 $370.53

2015 170

2015 $775,234

2016 272

2016 $404.66

2016 180

2016 $912,241

Our Firm’s Wild Dunes and Isle of Palms Listings: 25 23rd Avenue 2401 Waterway Boulevard

$649,000 $5,300,000


DEWEES ISLAND

Greater Charleston Area | all sales 2015 vs all sales 2016 | 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 inperceptible 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

2015 4

2015 $228.46

2015 198

2015 $599,518

2016 2

2016 $169.87

2016 943

2016 $497,500

171 Dewees Inlet Drive

171 DEWEES INLET DRIVE

AVERAGE SALES PRICE

Our Firm’s Dewees Island Listing: $2,495,000


DANIEL ISLAND

Greater Charleston Area | all sales 2015 vs all sales 2016 | 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

2015 359

2015 $236.49

2015 65

2015 $684,419

2016 312

2016 $249.10

2016 59

2016 $686,897

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

233 KING GEORGE STREET

$2,749,000 $1,125,000


RIVERSID E

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Downtown Charleston


DOWNTOWN CHARLESTON (BELOW CROSSTOWN)

Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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 architectyre 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

2015 382

2015 $405.66

2015 158

2015 $877,142

2016 438

2016 $430.79

2016 115

2016 $890.598

Our Firm’s Downtown Charleston Listings: 33 Calhoun Street, 218 33 Calhoun Street, 141 12 George Street, B6 59 Barre Street, A 71 Anson Street

$720,000 $755,000 $599,000 $1,595,000 $5,500,000

33 CALHOUN STREET, 218


DOWNTOWN CHARLESTON (ABOVE CROSSTOWN)

Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2015 224

2015 $233.26

2015 72

2015 $363,942

2016 206

2016 $254.13

2016 54

2016 $405,361

HAMPTON PARK


SOUTH OF BROAD

Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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

2015 87

2015 $551.45

2015 240

2015 $1,674,485

2016 90

2016 $584.01

2016 134

2016 $1,733,923

3 KING STREET | SOLD FOR $1,015,000

AVERAGE SALES PRICE


HARLESTON VILLAGE

Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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 husbands 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

2015 79

2015 $363.81

2015 135

2015 $703,296

2016 93

2016 $410.27

2016 120

2016 $848,331

HALSEY PARK | SOLD FOR $1,600,000-$1,650,000

AVERAGE SALES PRICE


FRENCH QUARTER

Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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

2015 20

2015 $561.27

2015 286

2015 $1,125,017

2016 29

2016 $649.15

2016 135

2016 $904,178


ANSONBOROUGH

Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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

2015 27

2015 $468.03

2015 151

2015 $964,093

2016 17

2016 $477.36

2016 111

2016 $1,129,671

Our Firm’s Ansonborough Listings: 12 George Street, B6 71 Anson Street

71 ANSON STREET | ANSONBOROUGH

$599,000 $5,500,000


RADCLIFFEBOROUGH

Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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

2015 12

2015 $299.44

2015 137

2015 $523,300

2016 17

2016 $354.92

2016 144

2016 $625,971


C ANNONBOROUGH - ELLIOTTBOROUGH

Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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

2015 33

2015 $277.49

2015 51

2015 $439,873

2016 44

2016 $296.38

2016 46

2016 $492,669


WAGENER TERRACE AND HAMPTON PARK

Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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

2015 71

2015 $239.24

2015 51

2015 $398,952

2016 65

2016 $250.64

2016 49

2016 $446,116

HAMPTON PARK

AVERAGE SALES PRICE


MAZYCK-WRAGGBOROUGH

Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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

2015 12

2015 $360.17

2015 101

2015 $959,742

2016 11

2016 $381.87

2016 88

2016 $758,510


33 BROAD STREET CHARLESTON, SC 29401 843.723.7150 DANIELRAVENELSIR.COM


2016 Year in Review - Charleston, SC Real Estate