Charleston Area Market Update

Market Update Q2 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 36

40

224

250

31

200

30

185

Days on Market

150

20

84

100

10

104

Cumulative Days on Market

50

Q2 2013

Q2 2014

Q2 2013

Average Sale Price $2,000,000

$1,776,998

$1,750,000

Q2 2014

Sold Price Per Sqft $600

$549

$483

$500

$1,515,680

$1,500,000

$400

$1,250,000

Q2 2013

Q2 2014

$300

Q2 2013

Q2 2014

List Prices versus Sold Prices $2,000,000

$1,900,000

$1,891,122

$1,854,536

$1,830,318

$1,776,998

$1,800,000

$1,700,000

$1,600,000

Final List Price

$1,657,561

Sold Price

$1,515,680

$1,500,000

Q2 2013

Original List Price

Q2 2014

On the Market Featured Property

Built in 1810 by master carpenter Samuel Edward Axson, this traditional Charleston single features a flexible floor plan with high ceilings and beautiful woodwork throughout.This outstanding house sits on a double lot with side porch overlooking a magnificent Loutrel Briggs garden featuring a fountain, formal section, covered patio and green space. Additional features include a cypress paneled library, double staircases, tons of natural light, and an abundance of off-street parking.

4 Greenhill Street 4BR/3+B | 4,235 SqFt $2,750,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Nantucket, Massachusetts 4BR/3.5B 2,612 SqFt $2,975,000 Maury People Sotheby’s International Realty

Ile-De-France, France 4BR/2B 1,905 SqFt $2,792,535 Paris Oest Sotheby’s International Realty 4

Los Angeles, California 5BR/3B 3,080 SqFt $2,795,000 Sotheby’s International Realty Beverly Hills Brokerage

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 30

250

27

25

167

19

20

192

191

Days on Market

122

150

Cumulative Days on Market

15

10

50

Q2 2013

Q2 2013

Q2 2014

Q2 2014

Average Sale Price $700,000

Sold Price Per Sqft $350

$669,224

$648,380

$650,000

$330

$600,000

$318

$313

$310

$550,000

Q2 2013

Q2 2014

$290

Q2 2013

Q2 2014

List Prices versus Sold Prices $800,000

$743,584

$707,721

$700,000

$669,224

$680,780

$667,478

$648,380

Original List Price

Final List Price

Sold Price

$600,000

$500,000

Q2 2013

Q2 2014

On the Market Featured Property

165 Queen Street is a classic ante-bellum “Charleston Side-hall” style home. Located in historic Harleston Village, it was built c.1850, just two short blocks east of Colonial Lake. The 3-story main house retains much of its original plaster walls and detailing as well as its original fireplaces and mantels. There are double pocket doors that are still functional between what would have been a gracious double parlor with 12’ft. plus ceilings. If you want a large Single Family home you can easily put this house back into its original configuration: a 3 story, 4 to 6 BR house with a rear kitchen house to use for guests or to rent out for additional income. In the rear of the property is also a 2 story attached Kitchen house with powder room, Kitchen and LR on the 1st floor and 2 BRS, a full bath and a rear deck on the 2nd floor. At the rear of the property there is a 2 car garage; plus, 3 parking places outside the garage. The property has some wonderful details and is a great opportunity to update a ante-bellum home.

165 Queen Street 7BR/4+B | 4,414 SqFt $950,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Houston, Texas 5BR/4+B 5,804 SqFt $1,000,000 Martha Turner Sotheby’s International ­­ Realty

Miami, Florida 4BR/3.5B 2,871 SqFt $950,000 ONE Sotheby’s International Realty 6

Pelham, New York 4BR/3.5B 2,783 SqFt $925,000 McClellan 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 15

600

13

500

Days on Market

400

9

10

497 497

232 256

300

200

Cumulative Days on Market

100

5

Q2 2013

Q2 2013

Q2 2014

Average Sale Price $1,250,000

$1,000,000

$1,044,115

$916,278

Q2 2014

Sold Price Per Sqft $600

$556

$526

$550

$500

$750,000

$450

$500,000

Q2 2013

Q2 2014

$400

Q2 2013

Q2 2014

List Prices versus Sold Prices $1,300,000

$1,134,978

$1,100,000

$960,711

$916,278

$1,157,885

$1,098,146

$1,044,115

Original List Price

$900,000

Final List Price

Sold Price

$700,000

$500,000

Q2 2013

Q2 2014

On the Market Featured Property

The Robert Dorrill House was built c.1814 within the Walled City. It has been impeccably maintained and is in move-in condition. Large scaled rooms, high ceilings, tall windows and 6 fireplaces are included in this property. The first floor includes a Living room with fireplace, Library with fireplace, separate Dining and granite top kitchen. The kitchen French doors spill out into a lush walled garden while enjoying alfresco dining and grilling under the rose covered pergola. The second floor drawing room has original Adamesque wood work and fireplace. This is adjacent to the master bedroom sanctuary with master bath, sitting room and walk-in closet. The third floor has two guest rooms that overlook glorious views of church steeples and old tile rooftops. Tucked away at the rear of the garden is a one bedroom guest house, perfect for grown children, office, or mother-in-law suite.

25 State Street 5BR/4.5B | 4,482 SqFt $2,200,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

West Bank North, Wyoming 4BR/3.5B 4,756 SqFt $2,195,000 Jackson Hole Sotheby’s International Realty

Canelones, Uruguay 12BR/5+B 4,306 SqFt $2,200,000 Bado & Perazzo Sotheby’s International Realty 8

New Castle, Delaware 6BR/6.5B 8,000 SqFt $2,450,000 Brandywine Fine Properties 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

8

275

8

197 164

175

5

188

109

Cumula;ve Days on Market

75

0

Q2 2013

Q2 2013

Q2 2014

Average Sale Price $1,250,000

Q2 2014

Sold Price Per Sqft $460

$1,068,625

Days on Market

$442

$440

$969,488

$1,000,000

$410

$420

$400

$750,000

Q2 2013

Q2 2014

$380

Q2 2013

Q2 2014

List Prices versus Sold Prices $1,350,000

$1,150,000

$1,172,125

$1,122,750

$1,068,625

$1,064,225$1,022,225

$969,488

$950,000

$750,000

Q2 2013

Q2 2014

Original List Price

Final List Price

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 20

150

15

15

13

100

91

110

84 91

Days on Market

10

50

5

Cumulative Days on Market

0

0

Q2 2013

Q2 2013

Q2 2014

Q2 2014

Average Sale Price $600,000

$400

$522,927

$452,492

$500,000

Sold Price Per Sqft $300

$300

$338

$400,000

$200

$300,000

$200,000

Q2 2013

Q2 2014

$100

Q2 2013

Q2 2014

List Prices versus Sold Prices $650,000

$550,000

$546,952 $546,085

$522,927

$467,262

$452,492

$450,000

$402,608

Original List Price

Final List Price

Sold Price

$350,000

$250,000

Q2 2013

Q2 2014

Featured Ad - Charleston Mercury, April 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

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

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

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.

12

33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com

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 10

300

6

6

260 266

Days on Market

200

5

101 101

100

0

Cumulative Days on Market

0

Q2 2013

Q2 2014

Q2 2013

Q2 2014

Average Sale Price $400,000

$384,417

$360,250

Sold Price Per Sqft $350

$247

$250

$198

$300,000

$150

$200,000

Q2 2013

Q2 2014

$50

Q2 2013

Q2 2014

List Prices versus Sold Prices $500,000

$472,833

$450,000

$393,500

$400,000

$400,467

$401,900

$384,417

$360,250

Original List Price

Final List Price

$350,000

Sold Price

$300,000

$250,000

Q2 2013

Q2 2014

Featured Ad - Local Palate May 2014

May_Layout 1 3/25/14 4:44 PM Page 1

25 Legare Street • South of Broad

429 Whilden Road • Old Village

2701 Bayonne Avenue • Sullivans Island

32 Wentworth Street • Ansonborough

THIS IS OUR WORLD.

1982 Sandy Point Lane • Rivertowne

Experience the difference of Daniel Ravenel Sotheby's International Realty. It's in our service that extends far beyond the expected. It's our honesty and integrity in every interaction. It's our pledge to listen, and respond to your unique needs. After 30 years serving the Charleston area, our level of expertise is truly unmatched.

Serving you, from the Battery to the Beaches...

33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com

14

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 40

105

35

35

99

87

85

30

70

57

65

24

25

Cumulative Days on Market

45

20

Days on Market

25

Q2 2013

Q2 2014

Q2 2013

Q2 2014

Average Sale Price $450,000

$350,000

$375,424

Sold Price Per Sqft $250

$219

$179

$308,150

$150

$250,000

$150,000

Q2 2013

Q2 2014

$50

Q2 2013

Q2 2014

List Prices versus Sold Prices $650,000

$450,000

$323,988

$336,952

$308,150

$394,055

$384,587

$375,424

Original List Price

Final List Price

Sold Price

$250,000

$50,000

Q2 2013

Q2 2014

Under Contract Featured Property

Great location just a few blocks from Hampton Park, Charleston’s only 5 acre park downtown! You are also steps from Rutledge Cab Company, Park Cafe and Moe’s Crosstown, just to name a few of the local restaurants. This area is on fire so finding a well-priced lot this close to everything is not easy. This lot has been cleared and is ready for your dream home.

62 Poplar Street .08 Acres Listed at $154,900 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Sea Ranch, California .5 Acres $110,000 Sotheby’s International Realty Wine Country Broadway Brokerage

16

La Pine, Oregon 10 Acres $110,000 Cascade Sotheby’s International Realty

Knoxville, Tennessee .42 Acres $159,000 Alliance 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 10

150

6

Days on Market

5

66

0

0

Q2 2013

80

Cumulative Days on Market

50

Q2 2014

Q2 2013

Average Sale Price $700,000

$663,833

Sold Price Per Sqft $300

$600,000

$200

$550,000

$100

$500,000

$-

Q2 2014

$351

$400

$650,000

Q2 2013

Q2 2014

$-

Q2 2013

Q2 2014

List Prices versus Sold Prices $850,000

$702,500 $683,167

$663,833

$650,000

Original List Price

Final List Price

Sold Price

$450,000

Q2 2013

Q2 2014

Sold 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 Sold For $685,000 Daniel Ravenel Sotheby’s International Realty

Recently Sold At Auction

Property From A Distinguished European Private Collection Rudolf Stingel Untitled Oil on Canvas Sold for $1,543,428.43

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 150

110

110

100

100

90

121

102

73

71

50

70

50

Days on Market

Cumulative Days on Market

0

Q2 2013

Q2 2014

Q2 2013

Q2 2014

Average Sale Price $325,000

$309,741

$271,310

Sold Price Per Sqft $150

$144

$140

$250,000

$127

$130

$175,000

$120

$100,000

Q2 2013

Q2 2014

$110

Q2 2013

Q2 2014

List Prices versus Sold Prices $316,726

$320,691

$309,741

$300,000

Original List Price

$282,601

$278,414

$271,310

Final List Price

Sold Price

$250,000

Q2 2013

Q2 2014

On the Market Featured Property

Magnificent deep water estate situated on 3 acres of pristine high land. Built in 2005, this home boasts numerous green features including Energy Star appliances, high impact windows and doors, and remarkably low utility bills.

With beautiful landscaping and long marsh and country views, the property is enhanced by the location directly on the ICW with a full 8 feet of water at low tide. This home is located in the well known deep water community of Martins Point, part of the Lowcountry Land Trust, which offers walking and biking trails, a community pond, boat storage, and a boat ramp accessing the Wadmalaw River.

1168 Pilot Boy 3BR/3.5B | 4,872 SqFt $2,395,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Chianti, Italy 6BR/8B 7,750 SqFt $2,637,987 Milan Sotheby’s International Realty

Park City, Utah 5BR/5.5B 6,737 SqFt $2,075,000 Summit Sotheby’s International Realty 22

Tortola, British Virgin Islands 6BR/6.5B $2,100,000 British Virgin Islands Sotheby’s International Realty

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 300

226

250

85

90

251

80

200

70

150

60

76

76

69

Days on Market

Cumulative Days on Market

50

100

Q2 2013

Q2 2013

Q2 2014

Q2 2014

Average Sale Price $325,000

$250,000

$281,069

Sold Price Per Sqft $149

$150

$245,316

$140

$137

$175,000

$100,000

Q2 2013

Q2 2014

$130

Q2 2013

Q2 2014

List Prices versus Sold Prices $320,000

$299,615 $292,856

$300,000

$280,000

$260,000

$281,069

Original List Price

$259,900

$254,736

$245,316

Final List Price

Sold Price

$240,000

$220,000

$200,000

Q2 2013

Q2 2014

Featured Ad Charleston Magazine, May 2014 May_Layout 1 3/25/14 4:44 PM Page 1

25 Legare Street • South of Broad

429 Whilden Road • Old Village

2701 Bayonne Avenue • Sullivans Island

32 Wentworth Street • Ansonborough

THIS IS OUR WORLD.

1982 Sandy Point Lane • Rivertowne

Experience the difference of Daniel Ravenel Sotheby's International Realty. It's in our service that extends far beyond the expected. It's our honesty and integrity in every interaction. It's our pledge to listen, and respond to your unique needs. After 30 years serving the Charleston area, our level of expertise is truly unmatched.

Serving you, from the Battery to the Beaches...

33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com

24

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 200

125

159

151

83

150

97

93

Days on Market

74

75

100

Cumulative Days on Market

25

50

Q2 2013

Q2 2013

Q2 2014

Average Sale Price $300,000

Q2 2014

Sold Price Per Sqft $160

$243,430

$249,206

$225,000

$138

$140

$150,000

Q2 2013

Q2 2014

$142

$120

Q2 2013

Q2 2014

List Prices versus Sold Prices $300,000

$250,000

$269,710

$255,203

$243,430

$264,141 $259,957

$249,206

Original List Price

Final List Price

Sold Price

$200,000

$150,000

Q2 2013

Q2 2014

On the Market Featured Property

You must see this magnificent Ashley Harbor brick home with deep moldings, extensive woodwork and Brazilian cherry floors. The large family room, with enclosed TV cabinet and fireplace with gas logs, opens to the eat-in kitchen which is fully equipped with high-end appliances, hand-painted and hand-stained cabinets, granite counter tops, center island, wet bar, wine cooler and pantry. The master bedroom, with 2 large walk-in closets with builtins, and marble master bath with separate shower and tub, is on the first floor. Upstairs there are 4 bedrooms, 3 full baths, large bonus room over garage, plus 2 walk-in unfinished storage areas. Other features include plentiful storage, central vac, in-wall speakers and working shutters. Enjoy the screened back porch, the bluestone patio and fountain. Ashley Harbor is a gated community with a neighborhood boat landing.

2207 Weepoolow Trail 5BR/4+B | 4,657 SqFt $949,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Langley, Washington 2BR/2B 3,030 SqFt $925,000 Realogics Sotheby’s International Realty

Treasure Cay, Bahamas 3BR/2B 2,486 SqFt $920,000 Damianos Sotheby’s International Realty 26

Essex, Massachusetts 4BR/2.5B 5,709 SqFt $950,000 By the Sea 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 136

140

130

250

200

125

221

182

Days on Market

151

120

150

110

Cumulative Days on Market

118

100

Q2 2013

Q2 2014

Q2 2013

Average Sale Price $1,000,000

$903,798

$801,667

Q2 2014

Sold Price Per Sqft

$397

$400

$350

$350

$750,000

$300

$500,000

Q2 2013

Q2 2014

$250

Q2 2013

Q2 2014

List Prices versus Sold Prices $1,050,000

$950,000

$941,911 $944,888

$931,972

$903,798

Final List Price

$860,680

$850,000

Sold Price

$801,667

$750,000

Q2 2013

Original List Price

Q2 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 338

337

350

88

100

80

300

71

63

56

60

Days on Market

40

250

Cumulative Days on Market

20

200

0

Q2 2013

Q2 2013

Q2 2014

Q2 2014

Average Sale Price $550,000

Sold Price Per Sqft $250

$208

$206

Q2 2013

Q2 2014

$464,046

$200

$418,930

$150

$300,000

Q2 2013

Q2 2014

$100

List Prices versus Sold Prices $500,000

$486,820

$475,153

$480,000

$464,046

$460,000

$440,000

$420,000

Final List Price

$432,734 $433,563

Sold Price

$418,930

$400,000

Q2 2013

Original List Price

Q2 2014

Recently Sold 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 $1,295,000 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 19

20

18

200

16

13

14

235

250

Days on Market

175

144

150

12

116

Cumulative Days on Market

100

10

Q2 2013

Q2 2014

Q2 2013

Average Sale Price $1,800,000

$1,600,000

Q2 2014

Sold Price Per Sqft $600

$1,598,854

$569

$550

$1,400,000

$1,238,211

$1,200,000

$500

$450

$450

$1,000,000

Q2 2013

Q2 2014

$400

Q2 2013

Q2 2014

List Prices versus Sold Prices $2,000,000

$1,800,000

$1,600,000

$1,784,154

$1,716,077

$1,598,854

Original List Price

$1,428,316

$1,353,316

$1,400,000

$1,238,211

$1,200,000

$1,000,000

Q2 2013

Q2 2014

Final List Price

Sold Price

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 88

100

350

73

319

300

50

250

Days on Market

241

193

200

0

219

Cumulative Days on Market

150

Q2 2013

Q2 2014

Q2 2013

Q2 2014

Average Sale Price $750,000

$705,508

Sold Price Per Sqft $380

$700,000

$650,000

$363

$625,349

$360

$351

$600,000

$550,000

Q2 2013

Q2 2014

$340

Q2 2013

Q2 2014

List Prices versus Sold Prices $1,100,000

$1,045,342

$900,000

$700,000

$802,690

$757,288

$705,508

$681,384

$625,349

$500,000

Q2 2013

Q2 2014

Original List Price

Final List Price

Sold Price

Recently Sold Featured Property

Wonderful 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