Q1 2014 Market Update

MARKET UPDATE Q1 2014

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THE MARKET IN DOWNTOWN CHARLESTON

South of Broad Market Facts

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.

Days On Market

Total Sales 30

500

26

400

20

18

402

335

Days on Market

300

172

200

209

Cumulative Days on Market

100

10

Q1 2013

Q1 2014

Q1 2013

Average Sale Price $2,000,000

Q1 2014

Sold Price Per Sqft $600

$1,752,667

$1,729,246

$1,750,000

$499

$500

$469

$400

$300

$1,500,000

Q1 2013

Q1 2014

$200

Q1 2013

Q1 2014

List Prices versus Sold Prices $2,100,000

$2,044,333

$2,000,000

$1,900,000

$1,800,000

$1,881,278

$1,752,667

$1,884,112

$1,852,456

$1,729,246

Original List Price

Final List Price

Sold Price

$1,700,000

$1,600,000

$1,500,000

Q1 2013

Q1 2014

On the Market Featured Property

Located on one of Charleston’s most highly coveted streets South of Broad, the “White-Williman House” was built around 1840 by James White, who originally purchased this lot from Robert Trail Chisolm in 1838.The original home had two grand, masonry square porticos which were severely damaged and later removed, shortly after the earthquake of 1886. Later, Italianate style alterations were made by both the Williman and Frost families. This handsome, approximately 8000 square foot home, provides plenty of charm and space that you immediately notice once you enter a long, light filled entrance hallway. A European style, eat-in kitchen sits directly behind the dining room and it provides a stainless steel, gas powered cooking appliance, wine cooler and a porcelain butcher’s sink. The master bedroom is located on the 2nd floor and has French doors that lead to a relaxing veranda that overlooks the garden.

25 Legare Street 7BR/6+B | 8,000 SqFt $3,650,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Algarve, Portugal 5BR/6B 5,478 SqFt $3,452,562 Portugal Sotheby’s International Realty

West Bank North, Wyoming 3BR/3.5B 4,389 SqFt $3,450,000 Jackson Hole Sotheby’s International Realty 4

Poole, England 2BR/2B 2,540 SqFt $3,336,678 United Kingdom Sotheby’s International Realty

Harleston Village Market Facts

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.

Days On Market

Total Sales 15

250

11

209

Days on Market

10

150

5

5

0

127 127

102

Cumulative Days on Market

50

Q1 2013

Q1 2013

Q1 2014

Q1 2014

Average Sale Price $650,000

Sold Price Per Sqft

$317

$320

$622,639

$595,300

$600,000

$300

$283

$550,000

$280

$500,000

Q1 2013

Q1 2014

$260

Q1 2013

Q1 2014

List Prices versus Sold Prices $714,800

$700,000

$652,782

$622,639

$657,560

Original List Price

$617,000

$595,300

$500,000

Q1 2013

Q1 2014

Final List Price

Sold Price

Sold in 10 Days!

Featured Property

Quintessential townhouse living! Centrally located in Harleston Place, this three bedroom, three bathroom home is a sun filled end unit with multiple exposures and peaks of the harbor, and an extremely functional floor plan for its size.

The current owner has made many upgrades; in 2012 all new hardwood floors were installed on the second floor, travertine tile floors were put in all three bathrooms, French doors to the garden and a large window were installed in the sizable two car garage, and a pressure booster water pump was put in for strong water flow throughout the house. In 2013 two new HVAC units were installed; a gas line was piped in from Beaufain Street for one of the only gas stoves in Harleston Place plus a cozy gas fireplace in the living room. A top of the line Jenn-Air double door refrigerator completed the kitchen with custom granite counters.

5 Harleston Place 3BR/3B | 1,774 SqFt Sold For $612,500 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Selbyville, Delaware 4BR/4B 2,424 SqFt $649,900 Ocean Atlantic Sotheby’s International Realty

Quebec, Canada 4BR/1.5B 3,131 SqFt $632,566 Sotheby’s International Realty Quebec 6

Lisboa, Portugal 4BR/2.5B 2,690 SqFt $635,271 Portugal Sotheby’s International Realty

French Quarter Market Facts

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.

Days On Market

Total Sales 10

700

5

612

Days on Market

500

5

4

552

300

205 205

Cumulative Days on Market

100

0

Q1 2013

Q1 2014

Q1 2013

Average Sale Price $1,250,000

$1,078,000

$1,000,000

$750,000

Q1 2014

Sold Price Per Sqft $650

$605

$600

$530

$550

$700,500

$500

$450

$500,000

Q1 2013

Q1 2014

$400

Q1 2013

Q1 2014

List Prices versus Sold Prices $1,300,000

$1,223,800 $1,187,800

$1,078,000

$1,100,000

Original List Price

$900,000

Final List Price

$768,100 $765,600

$700,500

Sold Price

$700,000

$500,000

Q1 2013

Q1 2014

Under Contract Featured Property

One Vendue Range Condominiums, located right on Charleston Harbor are considered by many to be the Top Condo Residences in Charleston.They overlook Harbor Front Park with its views of the Cooper River.This 2 BR, 2.5 Bath, 2,583 sq. ft. residence is on the first floor (above the parking level).You drive into your secured parking (two deeded spaces) and then take an elevator directly into your residence. From your private patio terrace, facing the harbor, you can sit and watch the array of maritime traffic from huge cargo ships in the main shipping channel to the small sailboat regattas on the inner harbor, all as it passes directly in front of you. The beautiful live oaks provide shade in the park and, as they have grown over the years, the view from this level has become the best of the 3 living levels.

32 Prioleau Street, Unit M 2BR/2.5B | 2,583 SqFt $2,295,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Lathouriza, Greece 5BR/5.5B 5,220 SqFt $2,693,370 Greece Sotheby’s International Realty

Cumberland, Rhode Island 3BR/5.5 6,063 SqFt $2,595,000 Gustave White Sotheby’s International Realty 8

Austin, Texas 5BR/5.5B 6,177 SqFt $2,450,000 Capital City Sotheby’s International Realty

Ansonborough Market Facts

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.

Days On Market

Total Sales 10

350

6

Days on Market

250

4

5

301

150

0

134

103

112

Q1 2013

Q1 2014

Cumulative Days on Market

50

Q1 2013

Q1 2014

Average Sale Price $1,000,000

Sold Price Per Sqft $371

$380

$819,250

$360

$696,250

$750,000

$355

$340

$320

$500,000

Q1 2013

Q1 2014

$300

Q1 2013

Q1 2014

List Prices versus Sold Prices $1,300,000

$1,106,250

$1,100,000

$906,250

$900,000

Original List Price

$819,250

Final List Price

$690,667

$700,000

$674,000

$696,250

$500,000

Q1 2013

Q1 2014

Sold Price

On the Market Featured Property

The quintessential 19th century Ansonborough house, 32 Wentworth offers Greek Revival features, comfortable living spaces, and wonderful flow. With a classic feel and impeccable details, this home offers the true Ansonborough experience with two living rooms and a spacious master with dressing room and private porch. A wonderful feature of this home is a separate guest suite with private bath for your weekend guests.Two additional guest bedrooms with a shared bath occupy the 3rd floor and complete the elegant charm of this home. The well-manicured courtyard terrace and pool area are perfect for entertaining. Steps away, the cozy wood paneled library with wood burning fireplace has access to this exceptional outdoor space, allowing for year round enjoyment. Come visit this lovely home today to experience the true charm of Ansonborough.

32 Wentworth Street 4BR/3.5B | 3,330 SqFt $1,499,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Naples, Florida 3BR/3.5B 3,494 SqFt $1,875,000 Premier Sotheby’s International Realty

Manchester, Vermont 5BR/5.5B 9,100 SqFt $1,850,000 Vermont Country Properties Sotheby’s International Realty 10

Vilnius, Lithuania 3BR/4B 3,573 SqFt $1,759,425 Baltic Sotheby’s International Realty

Radcliffeborough Market Facts

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.

Days On Market

Total Sales 15

100

12

80

10

80 80

Days on Market

60

40

3

5

25 25

20

Cumulative Days on Market

0

0

Q1 2013

Q1 2013

Q1 2014

Q1 2014

Average Sale Price $500,000

Sold Price Per Sqft $350

$400,708

$400,000

$274

$250

$300,000

$186,333

$200,000

$100,000

Q1 2013

Q1 2014

$118

$150

$50

Q1 2013

Q1 2014

List Prices versus Sold Prices $650,000

$450,000

$450,667 $439,125

$400,708

Original List Price

$206,250

$250,000

$206,250

$50,000

Q1 2013

Q1 2014

$186,333

Final List Price

Sold Price

Featured Ad - Charleston Magazine, March 2014 Idea2_Layout 1 1/15/14 3:51 PM Page 1

Halsey Park

==== ===--

A New Point of View...

A new small residential enclave, to be built on the Charleston peninsula, will overlook Alberta Long Lake and the Ashley River. Halsey Park was conceived by Bennett Hofford Construction, a local building and development company, to create something historically inspired, yet totally unique for Charleston and perfectly suited for 21st century living.

Initially, 6 classically designed, fee simple rowhouses will be built using state-of-the-art Structurally Insulated Panel construction that provides hurricane strenth, well beyond code; plus, they are termite resistant, extremely energy efficient and environmentally green. There will also be 6 build-to -suit lots offered as well.

These new residences will overlook a central garden-park designed by Sheila Wertimer with gas-lit paths, flowers, trees and landscape features to be enjoyed from single or dual level rear porches or by foot.

Rowhouse features include: • • • • •

2 enclosed, private, secured parking spaces per residence Elevator access from parking to rooftop Rooftop Terraces with gas fireplaces Open floor plans and gourmet kitchens Fee simple ownership

Listed by: Casey Murphey CMurphey@DanielRavenelSIR.com cell: 843.200.2121 office: 843.723.7150

12

• 2-3 bedroom units, initially priced from $1.4 to $1.474 million 2,204-2,380 sqft. Heated and cooled space plus 840-1,540 sqft of porches & rooftop terrace • Harbor views • Rear level porches overlooking center garden-park

Canonborough & Elliotborough Market Facts

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.

Days On Market

Total Sales 5

800

600

3

2

569

683

Days on Market

400

200

0

25 25

Cumulative Days on Market

0

Q1 2013

Q1 2014

Q1 2013

Q1 2014

Average Sale Price $210,000

$202,250

Sold Price Per Sqft $250

$221

$186,333

$190,000

$150

$118

$170,000

$150,000

Q1 2013

Q1 2014

$50

Q1 2013

Q1 2014

List Prices versus Sold Prices $300,000

$250,000

$200,000

$246,898

$202,250

$177,125

$206,250

$206,250

$186,333

Original List Price

Final List Price

Sold Price

$150,000

$100,000

Q1 2013

Q1 2014

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33 Broad Street Charleston, SC 29401 843.723.7150

Wagener Terrace & Hampton Park Market Facts

Wagener Terrace is a suburban area with marsh views and numerous well located, moderately priced homes. Hampton Park gains its name from the large green space in its center which was a world fair site in 1900.

Days On Market

Total Sales 20

150

18

16

100

87

99

Days on Market

52 55

15

50

10

Cumulative Days on Market

0

Q1 2013

Q1 2014

Q1 2013

Q1 2014

Average Sale Price $350,000

$300,000

$310,219

Sold Price Per Sqft $250

$205

$176

$262,485

$250,000

$150

$200,000

$150,000

Q1 2013

Q1 2014

$50

Q1 2013

Q1 2014

List Prices versus Sold Prices $650,000

$450,000

$274,361

$288,911

$262,485

$328,431

$320,644

$310,219

Original List Price

Final List Price

Sold Price

$250,000

$50,000

Q1 2013

Q1 2014

Recently Sold Featured Property

Built just over one year ago, this home is in pristine condition and is still under the builder warranty. Gorgeous, top of the line finishes throughout the home (including 10’ ceilings, marble countertops, Thermador 6 burner gas range, 36” stainless Refrigerator, 2 piece crown molding, recessed lighting, wiring for security and surround sound - speakers included - and 5” white oak floors). This home has a lovely open floor plan and an abundance of windows to allow for an incredible amount of natural light throughout. There is a great fenced in backyard overlooking the marsh but you can also walk just down the street to the private community dock overlooking the Ashley River. Or, take a stroll just a few blocks to Hampton Park, downtown’s largest (5 acre) park.

188 Mary Ellen Drive 3BR/2.5B | 2,128 SqFt Sold For $590,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Cape Town, South Africa 3BR/3B Hangklip Mountain $600,000 Lew Geffen Sotheby’s International Realty

Hiram, Maine 4BR/2.5B 5,683 SqFt $599,900 Legacy Properties Sotheby’s International Realty 16

Cabrera, Dominican Republic 5BR/4.5B 2,500 SqFt $599,000 Cabarete Dominican Republic Sotheby’s International Realty

Wraggborough Market Facts

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.

Days On Market

Total Sales 5

350

4

279 279

Days on Market

250

2

150

103

58

0

Cumulative Days on Market

50

Q1 2013

Q1 2014

Q1 2013

Average Sale Price $650,000

$614,750

Q1 2014

Sold Price Per Sqft $274

$280

$260

$600,000

$229

$240

$550,000

$520,000

$220

$500,000

Q1 2013

Q1 2014

$200

Q1 2013

Q1 2014

List Prices versus Sold Prices $850,000

$699,750 $663,250

$650,000

$614,750

$549,500

$549,500

$520,000

Final List Price

Sold Price

$450,000

Q1 2013

Original List Price

Q1 2014

Under Contract Featured Property

Victorian home with a Key West flair overlooking a fountain and charming park. Within walking distance to Upper King Street restaurants, the Charleston museum, and library. The property is currently a single family home with two meters and an upstairs kitchen that could be a potential duplex. The main floor has a large living room with french doors that open onto the piazza; adjacent is a separate dining room with pocket doors, office/den area with storage, a full bath and renovated kitchen with top of the line appliances.

57 Chapel Streel 4BR/3B | 2,460 SqFt $749,000 Daniel Ravenel Sotheby’s International Realty

Recently Sold At Auction

A Magnificent Bordeaux Cellar II Finest & Rarest Wines Featuring the Collection of Ambassador Ronald Weiser ROMANEE CONTI 1996 Sold for $72,680

18

Destination: Charleston

THE MARKET IN THE CHARLESTON AREA

Johns Island & Wadmalaw Market Facts

A stunning contrast to more developed areas of Charletson, 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.

Days On Market

Total Sales 85

141

150

83

73

100

65

94

Days on Market

68

58

50

45

25

Cumulative Days on Market

0

Q1 2013

Q1 2014

Q1 2013

Q1 2014

Average Sale Price $325,000

$250,000

$285,828

$245,217

Sold Price Per Sqft $134

$140

$130

$117

$120

$175,000

$110

$100,000

Q1 2013

Q1 2014

$100

Q1 2013

Q1 2014

List Prices versus Sold Prices $307,220

$300,000

$293,320

$285,828

Original List Price

$250,000

$256,658

$250,985

$245,217

Final List Price

Sold Price

$200,000

Q1 2013

Q1 2014

Featured Ad - Charleston Mercury, March 2014

april14_ex1_HalfPageMercury_10.625x10.5 3/31/14 3:05 PM Page 1

E verything Old Is New Again...

25 LEGARE STREET • SOUTH OF BROAD C . 1840 7B/6.5b | 8,000 sqft | $3,650,000 Offered by H. Middleton Rutledge

429 WHILDEN STREET • OLD VILLAGE C . 1803 5B/4.5b | 4,205 sqft | $1,580,000

11 CHURCH STREET • SOUTH OF BROAD C . 1790 6B/5+b | 6,000 sqft | $3,195,000

61 TRADD STREET • SOUTH OF BROAD C . 1731 5B/3b | 4,000 sqft | $1,533,500

9 LEGARE STREET • SOUTH OF BROAD C . 1817 8B/7.5b | 7,412 sqft | $3,595,000

Offered by Casey Murphey

18 BROAD STREET, #602 • FRENCH QUARTER C . 1911 3B/3.5b | 2,869 sqft | $1,999,000 Offered by Diana Goff

Offered by H. Middleton Rutledge

Offered by Beth McCrabb

Offered by Dan Ravenel

... on H istoricPropertySIR.com An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated, Except Offices Owned and Operated By NRT Incorporated.

22

33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com

James Island Market Facts

A well established community, James Island is a large island 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.

Days On Market

Total Sales 180

150

163

117

160

130

140

100

96

89

72

120

Days on Market

Cumulative Days on Market

50

100

Q1 2013

Q1 2013

Q1 2014

Average Sale Price $325,000

$272,717

$292,832

Q1 2014

Sold Price Per Sqft $149

$150

$250,000

$140

$138

$175,000

$100,000

Q1 2013

Q1 2014

$130

Q1 2013

Q1 2014

List Prices versus Sold Prices $350,000

$300,000

$302,593

$288,243

$272,717

$306,418 $303,669

$292,832

Original List Price

$250,000

Final List Price

Sold Price

$200,000

$150,000

Q1 2013

Q1 2014

On the Market Featured Property

Handsome, beautifully maintained brick 4-bedroom home with top-of-the-line finishes and woodwork. The views, large screened porch, patio, and in-ground pool make you feel like you’re in the country rather than 10 minutes from downtown. The pool entry is through a handsomely gated stucco fence. This private lot is enhanced and buffered from the neighbors by carefully planted, spanish moss-filled trees. The master bedroom is on the main floor.

The kitchen, with center island and double ovens, opens onto the breakfast room eating area and then to the family room, all with beautiful views of the lake. Family room fireplace has gas logs, but can be converted to wood-burning.

Living room fireplace is for gas logs. One bedroom, with multiple closets, has a closet so large that it is being used as a sewing room; it would make a very nice office also.

689 Lake Frances Drive 4BR/3.5B | 3,260 SqFt $799,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Denver, Colorado 2BR/2.5B 2,101 SqFt $850,000 Fuller Sotheby’s International Realty

Paris, France 1BR/1B 473 SqFt $802,175 Paris Rive Droite Sotheby’s International Realty 24

Shrewsbury, Vermont 4BR/4.5B 4,500 SqFt | 21 acres $750,000 Vermont Country Properties Sotheby’s International Realty

West Ashley (inside 526) Market Facts

West Ashley is located across the Ashley River, to the west of Downtown Charleston. One of the early suburban developments 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.

Days On Market

Total Sales 125

150

110

93

100

81

97

87

101

Days on Market

75

50

Cumulative Days on Market

0

25

Q1 2013

Q1 2014

Q1 2013

Q1 2014

Average Sale Price $275,000

Sold Price Per Sqft $160

$210,521

$144

$225,868

$140

$200,000

$121

$120

$125,000

Q1 2013

Q1 2014

$100

Q1 2013

Q1 2014

List Prices versus Sold Prices $300,000

$250,000

$271,864

$235,616

$220,511

$210,521

$234,626

$225,868

Original List Price

Final List Price

Sold Price

$200,000

$150,000

Q1 2013

Q1 2014

On the Market Featured Property

Handsome brick Ashley Harbor light-filled home with elegant marble floor and 15-ft ceilings in the entrance hall.

The 15-ft ceiling continues in the living room and dining room; beautiful woodwork and wrought iron, in-ground swimming pool, fenced-in back yard, large eat-in kitchen, sauna, powder room, wet bar in family room, gas fireplace in family room, plantation shutters, 4-zone HVAC, Sentricon termite baiting system, extensive storage, attached 2-car garage, walk-up attic over garage could be finished for additional sq footage. The master bedroom, with gas fireplace, is on the main floor. There are 3 additional bedrooms and 2 full baths on the upper floors. The 5th bedroom, currently being used as an office, and 4th full bath are on the main floor. Neighborhood boat landing and dock. Ashley Harbor is a gated community, with gracious oaks and mature vegetation.

2000 Indian Mound Trail 5BR/4.5B | 4,110 SqFt $699,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Natchez, Mississippi 5BR/4.5B 5,462 SqFt $750,000 Dorian Bennett Sotheby’s International Realty

Loule, Portugal 3BR/2B 796 SqFt $732,044 Portugal Sotheby’s International Realty 26

Parna, Estonia 5BR/2.5B 2,798 SqFt $661,602 Baltic Sotheby’s International Realty

Charleston Peninsula (Below Crosstown) Market Facts

Located on a 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 live oaks lead to winding alleys full of charm. The famous Charleston gardens hide behind walls and iron gates, and magnificent parks such as White Point Gardens attract visitors from all over the world.

Days On Market

Total Sales 90

81

300

81

80

250

70

200

60

150

257

208

207

Days on Market

177

Cumulative Days on Market

100

50

Q1 2013

Q1 2013

Q1 2014

Average Sale Price $1,050,000

$800,000

$854,611

Q1 2014

Sold Price Per Sqft $400

$351

$353

Q1 2013

Q1 2014

$350

$733,212

$300

$550,000

$250

$300,000

Q1 2013

Q1 2014

$200

List Prices versus Sold Prices $1,000,000

$900,000

$800,000

$917,319 $913,196

$849,023

$854,611

$788,240

$733,212

Original List Price

Final List Price

$700,000

Sold Price

$600,000

$500,000

Q1 2013

Q1 2014

On the Market Featured Property

The Harth-Macbeth House sits on a high corner lot on prestigious Lower Legare Street. This historically important South of Broad Mansion represents a wonderful opportunity to own a piece of history. With spacious formal rooms, a large and bright eat in kitchen and living area, and magnificent porches overlooking mature gardens, this home embodies the true South of Broad lifestyle. The home is showered by magnificent light from all sides through the lovely 9 over 9 windows. Ornate historic mantles and lovely moldings adorn many of the main rooms of the home. A large Charleston garden behind wrought iron gates invites the occasional pedestrian to peek through vegetation and behold the stunning double porches and bright camellias and flowering plants.

9 Legare Street 8BR/7.5B | 7,412 SqFt $3,595,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Greenwich, Connecticut 7BR/6.5B 6,785 SqFt $3,995,000 Sotheby’s International Realty Greenwich Brokerage

Santa Fe, New Mexico 7BR/5+B 8,500 SqFt $3,975,000 Sotheby’s International Realty Santa Fe Brokerage 28

Abbotsford, British Columbia 9BR/8B 44,340 SqFt $3,969,022 Sotheby’s International Realty Canada

Mt. Pleasant (South of IOP Connector) Market Facts

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 new 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.

Days On Market

Total Sales 250

218

150

216

200

100

150

100

100

99

81

77

Days on Market

Cumulative Days on Market

50

Q1 2013

Q1 2013

Q1 2014

Average Sale Price $550,000

Q1 2014

Sold Price Per Sqft $250

$457,177

$472,497

$191

$200

$203

$150

$300,000

Q1 2013

Q1 2014

$100

Q1 2013

Q1 2014

List Prices versus Sold Prices $500,000

$493,739

$485,623

$490,338 $485,171

$472,497

$457,177

Original List Price

$450,000

Final List Price

Sold Price

$400,000

Q1 2013

Q1 2014

Under Contract Featured Property

Located a block from the Old Pitt Street Bridge where the best way of life can be experienced daily from the front porch. This beautiful custom 3 bedroom home is full of light and charm. The gourmet kitchen with a wood burning fireplace is flanked by French doors leading to the backyard. Having gracious space to dine and relax, this hub of the house also has a handsome study and huge pantry/mudroom off of it. This multi-purpose room with additional sink and abundant storage leads to a side entrance porch and handsome car port. Upstairs the large 20x24 Master bedroom has a gas fireplace and sitting area. Read by the fireplace or indulge in the en suite bathroom’s light filled garden tub. Two bedrooms across the hall share a bathroom. This elevated house with Charleston brick foundations not only allows for the sea breezes but gives you ample storage underneath.

948 Pitt Street 3BR/2.5B | 3,112 SqFt $1,325,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Turtle Cove, Turks and Caicos 1BR/1.5B 1,500 SqFt $2,000,000 Turks and Caicos Sotheby’s International Realty

Ibiza, Spain 3BR/4.5B 2,723 SqFt $1,498,433 Ibiza Sotheby’s International Realty 30

Rhone-Alpes, France 6BR/2+B 4,306 SqFt $1,498,433 Perle du Lac Sotheby’s International Realty

Sullivans Island Market Facts

Just past the fabulous shopping and dining in Mount Pleasant sits the 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.

Days On Market

Total Sales 10

400

9

9

8

266

300

7

7

348

200

6

5

Days on Market

191

172

Cumulative Days on Market

100

Q1 2013

Q1 2014

Q1 2013

Average Sale Price $1,696,675

$1,800,000

$1,600,000

Q1 2014

Sold Price Per Sqft $480

$472

$1,470,035

$462

$1,400,000

$460

$1,200,000

$1,000,000

Q1 2013

Q1 2014

$440

Q1 2013

Q1 2014

List Prices versus Sold Prices $2,000,000

$1,800,000

$1,600,000

$1,728,222

$1,802,246 $1,785,104

$1,696,675

$1,562,200

$1,470,035

Original List Price

Final List Price

$1,400,000

Sold Price

$1,200,000

$1,000,000

Q1 2013

Q1 2014

On the Market Featured Property

This front beach Sullivan’s Island home is truly unique! From its stunning entrance to the soaring, panoramic windows of the great room, the meticulous design and construction create an environment that is stylish, inviting, expansive and livable. With extra large rooms throughout, the home features three (3) “master” suites, a “guest suite” with two bedrooms and a separate bath, separate living and dining rooms, a den, and two rooms on the “mezzanine”, overlooking the great room, that could be used as a sitting area, office, hobby area, children’s play area, etc. There are three gas fire places, including a double fireplace in the great room and large fireplaces in the living room and in one of the master bedrooms. The gourmet kitchen is equipped with top of the line appliances and solid stone surfaces.

2701 Bayonne Street 5BR/4+B | 6,013 SqFt $3,650,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Sandy Springs, Georgia 5BR/6.5B 9,364 SqFt $3,900,000 Atlanta Fine Homes Sotheby’s International Realty

Moraira, Spain 3BR/3.5B 3,121 SqFt $3,798,343 Costa Blanca Sotheby’s International Realty 32

Mount Crested Butte, Colorado 10BR/10+B 11,500 SqFt $3,795,000 Benson Sotheby’s International Realty

Isle of Palms & Wild Dunes Market Facts

Isle of Palms is an enchanting beach community with grand mansion-style, luxury dwellings. Homes on this island range from 5 to 8 or more bedrooms and average 5,000 to 7,000 square feet. Many of the island retreats for sale here sit on an average of 1 to 1.5 acres of land and sclaim their brilliance through subtle colors and grand structure.

Days On Market

Total Sales 45

50

300

42

290

252

250

25

Days on Market

172

200

139

150

Cumulative Days on Market

100

0

Q1 2013

Q1 2014

Q1 2013

Q1 2014

Average Sale Price $900,000

$825,000

$832,305

Sold Price Per Sqft $380

$369

$761,156

$750,000

$358

$360

$675,000

$600,000

Q1 2013

Q1 2014

$340

Q1 2013

Q1 2014

List Prices versus Sold Prices $1,000,000

$900,000

$800,000

$955,829

$915,153

$909,350

$825,933

$832,305

Original List Price

$761,156

Final List Price

$700,000

Sold Price

$600,000

$500,000

Q1 2013

Q1 2014

Under Contract Featured Property

onderful family home with open floor plan and beautiful natural light on Waterway Island in Wild Dunes. The expansive views of the marsh and Intracoastal Waterway create a peaceful setting to enjoy nature from both the inside of this The master bedroom and guest bedroom are on the main floor. The remaining three bedrooms are on the second level. With the open floor plan and views, it’s an ideal floor plan for entertaining. The large lot, which is separated from the marsh by a seawall, may be perfect for adding a pool or additional outdoor entertainment areas.

Wild Dunes living offers swim/social, tennis, and golf memberships.The close proximity to the IOP Marina and ocean allow you to have access to boating and the beach.

24 Waterway Island Drive 5BR/4B | 4,726 SqFt $1,195,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Big Bear City, California 4BR/3.5B 4,014 SqFt $1,125,000 Wheeler Steffen Sotheby’s International Realty

Punta Fuego, Phillipines 7BR/6.5B 6,135 SqFt $1,119,049 Phillipine Sotheby’s International Realty 34

Sun Peaks, British Columbia 5BR/5B 3,612 SqFt $1,062,829 Sotheby’s International Realty Canada

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33 Broad Street Charleston, SC 29401 O: 843.723.7150 | 843.723.7494

Daniel Ravenel Sotheby’s International Realty 33 Broad Street Charleston, SC 29401 O: 843.723.7150 | 843.723.7494 www.DanielRavenelSIR.com