Q4 2013 Market Update

Market Update Q4 2013

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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

31

31

350

21

18

250

185

149 184

125 133

150

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Days on Market

224

Cumulative Days on Market

50

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Number of Listings

Months of Inventory

120

25

100

20

80

15

60

Average Sale Price

Dec

Nov

Oct

Sept

Jul

Aug

Jun

Price Per Sqft

$556

$600

$2,000,000 $1,752,667

$1,515,680

$1,493,590

$1,253,887

$1,500,000

May

Apr

Feb

Dec

Nov

Oct

Sept

Aug

Jul

Jun

Apr

May

0

Mar

0

Jan

5

Feb

20

Jan

10

40

Mar

40

30

20

10

0

402 335

450

$500

$499 $483

$443

$400

$1,000,000

$300

$500,000

Q1 2013

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Q2 2013

Q3 2013

Q4 2013

List Prices versus Sold Prices

$2,044,333

$2,000,000

$1,881,278 $1,830,318

$1,752,667

$1,657,561

$1,592,450

$1,598,564

$1,515,680

$1,349,658 $1,380,387

$1,500,000

$1,493,590

$1,253,887

$1,000,000

Q1 2013

Q2 2013

Q3 2013

Q4 2013

Original List Price

List Price

Sold Price

On the Market Featured Property

A true historical gem located South of Broad, the Carolopolis Award winning Jacob Motte House is one of the earliest residences built in the city on the land originally bought from Robert Tradd. 61 Tradd was constructed circa 1731 and sits on Lot 60 of the Grand Modell of 1672. This early Georgian 3 1/2 story masonry single house was built by Jacob Motte, who was a Huguenot and Royal Treasurer of the Province. (Jacob Motte also owned 67 acres in Point Pleasant which is now the Old Village in Mount Pleasant).The first floor interior of this home boasts some of the finest example of Georgian paneling in the country. The period cypress paneling is accompanied by wide plank heart of pine flooring.

61 Tradd Street 5BR/3B | 4,000 SqFt $1,499,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Providenciales, Turks and Caicos 5BR/5B 4,000 SqFt $1,500,000 Turks and Caicos Sotheby’s International Realty

South Orange, New Jersey 7BR/5.5B 1.42 Acres $1,498,000 Prominent Properties Sotheby’s International Realty 4

Rhone-Alpes, France 5BR/1.5B 1,453 SqFt $1,352,821 Perle du Lac 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

209

150

9

Cumulative Days on Market

50

Q1 Q2 Q3 Q4 2013 2013 2013 2013

0

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Number of Listings

Average Sale Price

$700,000

Dec

Nov

Oct

Aug

Dec

Oct

Nov

Sept

Jul

Aug

Jun

May

Apr

Feb

Mar

Jan

20

Sept

40

Jul

60

Jun

80

Jan

80

70

60

50

40

30

20

10

0

Feb

Months of Inventory

100

0

Days on Market

102

100

0

174 155

Apr

10

145

May

11

204

191 167

200

20

19

20

250

Mar

30

Price Per Sqft

$669,224

$675,500

$658,083

$622,639

$400

$361

$318

$300

$600,000

$283

$308

$200

$500,000

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Q1 2013 Q2 2013 Q3 2013 Q4 2013

List Prices versus Sold Prices

$800,000

$750,000

$743,584

$714,800

$747,965

$707,721

$700,000

$650,000

$600,000

$652,782

$669,224

$622,639

$696,220

$658,083

$743,656

$705,656

$675,500

Q2 2013

Q3 2013

List Price

Sold Price

$550,000

Q1 2013

Original List Price

Q4 2013

On the Market Featured Property

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 dual level rear porches or by foot.

Halsey Park 2,204+ SqFt | 2+ BR Priced from $1,300,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

La Rochelle, France 5BR/1+B 2,691 SqFt $2,697,939 Saint Louis Immobilier Sotheby’s ­­International Realty

Santa Barbara, California 3BR/3.5B 2,891 SqFt $1,999,000 Sotheby’s International Realty Santa Barbara Brokerage 6

Marlow, England 5BR/2.5B 2,491 SqFt $2,557,136 United Kingdom 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

5

9

7

6

4

497 497

500

343 343 205 205

300

0

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Cumulative Days on Market

100

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Number of Listings

Months of Inventory

30

25

20

15

10

0

Dec

Nov

Oct

Aug

Sept

Jul

Jun

Apr

May

Feb

Mar

5

Jan

40

35

30

25

20

15

10

5

0

Days on Market

341 293

Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

Average Sale Price

Price Per Sqft

$1,800,000

$800

$1,343,080

$1,300,000

$800,000

$700,500

$686

$700

$916,278

$600

$530 $526

$576

$500

$580,083

$400

$300,000

Q1 2013

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Q2 2013

Q3 2013

Q4 2013

List Prices versus Sold Prices

$1,546,857

$1,454,429

$1,500,000

$1,134,978

$1,100,000

$768,100

$765,600

$700,000

$700,500

$1,343,080

$960,711

$916,278

$621,317

$608,500

List Price

Sold Price

$580,083

$300,000

Q1 2013

Q2 2013

Q3 2013

Original List Price

Q4 2013

Recently Sold Featured Property

This wonderful top-floor Factor’s Walk unit offers spacious rooms, light, views, and high-end finishes. Furnishings, by designer Beverly Bohan of Haute Design. Any chef would be pleased with the 6-gas burner/double oven Viking range with hood, the large center island, the Sub-Zero refrigerator and drawer microwave. The kitchen flows into the casual dining area, the family room, to the pantry and formal dining room. Other features include: direct access elevator, magnificent grand stairway entrance facing Waterfront Park, 2 secured parking spaces, generous storage, high ceilings, cove lighting, triple french doors opening onto the gorgeous piazza overlooking Waterfront Park, three fireplaces with gas logs and city views from the deck off of the master bedroom.

5-4A Middle Atlantic Wharf 2BR/2.5B | 3,051 SqFt Sold For $2,950,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Cape Town, South Africa 3BR/2.5B 7,319 SqFt $3,500,000 Moscow Sotheby’s International Realty

Wadsworth, Illinois 5BR/7+B 15,500 SqFt $3,499,000 Hunter’s Fairway Sotheby’s International Realty 8

Paradise Island, Bahamas 4BR/4.5B 5,000 SqFt $3,495,000 Old Fort Bay 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

8

301

300

4

200

0

103

100

Q1 Q2 Q3 Q4 2013 2013 2013 2013

179201

197 109

72

Days on Market

141

Cumulative Days on Market

0

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Months of Inventory

Number of Listings

35

30

30

25

25

20

20

15

15

$900,000

$1,068,625

Dec

Nov

Oct

Sept

Aug

Jul

$436

$410 $424

$450

$400

$826,556

$819,250

Jun

Price Per Sqft

Average Sale Price

$1,100,000

May

Feb

Dec

Nov

Oct

Sept

Aug

Jul

Jun

May

Apr

0

Feb

0

Mar

5

Jan

5

Jan

10

10

Apr

5

9

8

Mar

10

$355

$350

$300

$700,000

$250

Q1 2013

$500,000

Q1 2013

Q2 2013

Q3 2013

Q2 2013

Q3 2013

Q4 2013

List Prices versus Sold Prices

$1,250,000

$1,172,125

$1,150,000 $1,106,250

$1,050,000

$950,000

$1,122,750

$983,333

$1,068,625

$906,250

$896,778

$850,000

$750,000

$826,556

$819,250

$906,000

$897,250

$866,063

$650,000

Q1 2013

Q2 2013

Q3 2013

Q4 2013

Original List Price

List Price

Sold Price

On the Market Featured Property

This solid brick carriage house is steeped in old world ambiance and features a fabulous kitchen, 10’ ceilings, wide heart of pine floors, beautiful woodwork, a fireplace with period mantel, bright well proportioned rooms, and an idyllic setting. All of the rooms are bathed in natural light. The renovated kitchen boasts top-of-the-line appliances and marble counter tops. There is room enough for a small breakfast table from which there are views of the patio.

Upstairs there are two bedrooms and two full bathrooms. The master bedroom has a vaulted ceiling and a walk-in closet. There is also a closet with a stacked washer/dryer. This residence is situated behind the James Jervey Mansion and overlooks its landscaped garden.

55 Laurens Street, B 2BR/2B | 1,479 SqFt $765,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Maldonado, Uruguay 3BR/3.5B 2,906 SqFt $800,000 Perazzo Inmobiliaria Sotheby’s International Realty

Brooklyn, Michigan 3BR/3B 3,190 SqFt $799,000 SKBK Sotheby’s International Realty 10

Makawao, Hawaii 3BR/2B 1,551 SqFt $750,000 Island 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

150

6

80 80

100

130

110 91

50

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Cumulative Days on Market

0

Q1 2013 Q2 2013 Q3 2013 Q4 2013

$350

$700,000

$582,000 $587,308

$600,000

Dec

Nov

Oct

Sept

Aug

Jul

Price Per Sqft

Average Sale Price

$500,000

Jun

Feb

40

35

30

25

20

15

10

5

0

Jan

Dec

Nov

Months of Inventory

Oct

Aug

Sept

Jul

Jun

May

Apr

Mar

Feb

Jan

Number of Listings

40

35

30

25

20

15

10

5

0

Days on Market

82 82

May

5

Apr

12

187

200

15

Mar

20

15

10

5

0

$323

$300

$300

$522,927

$400,708

$274

$284

$250

$400,000

$200

$300,000

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Q1 2013 Q2 2013 Q3 2013 Q4 2013

List Prices versus Sold Prices

$700,000

$600,000

$546,952

$546,085

$500,000 $450,667

$439,125

$400,000

$608,400

$603,600

$635,500

$643,667

$582,000

$587,308

$522,927

List Price

Sold Price

$400,708

$300,000

Q1 2013

Original List Price

Q2 2013

Q3 2013

Q4 2013

Recently Sold Featured Property

Located near the restaurants & CofC & MUSC, Seventy Seven Pitt Street is a wonderful large home which currently is divided into three apartments. The interior of this home features comfortable living spaces with hardwood floors and lovely fireplaces. A fabulous eat-in kitchen offers granite countertops and high end appliances. The first floor master bedroom has an adjoining office area, walk-in closet and a completely renovated, spacious full bath.

77 Pitt Street 4BR/4.5B | 4,128 SqFt $899,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Grand Cayman, Cayman Islands 3BR/2B 2,200 SqFt $900,000 Cayman Islands Sotheby’s International Realty

Tokyo, Japan 1BR/1B 693 SqFt $884,485 List Sotheby’s International Realty 12

Cusco, Peru 12BR/12.5B 50,590 SqFt $880,000 Peru Sotheby’s International Realty

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.

Total Sales

700 500 300

113 121

100 -100

Average Sale Price

Dec

Nov

Feb

Jan

Dec

Nov

0

Oct

0

Aug

10

Sept

10

Jul

20

Jun

20

May

30

Apr

30

Mar

40

Feb

40

Jan

50

Oct

Months of Inventory

50

Price Per Sqft

$450,000

$350,000

Cumulative Days on Market

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Number of Listings

$360,250

95 107

Sept

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Aug

0

Days on Market

260 266

Jul

2

5

Jun

8

6

Apr

10

Mar

15

Days on Market

683 569

May

14

$359,461

$239

$250

$297,929

$198

$200

$250,000 $202,250

$150,000

Q1 2013 Q2 2013 Q3 2013 Q4 2013

$223

$221

$150

Q1 2013 Q2 2013 Q3 2013 Q4 2013

List Prices versus Sold Prices

$472,833

$500,000

$300,000

$200,000

$388,656

$389,600

$393,500

$400,000

$360,250

$246,898

$327,179

$322,536

$359,461

List Price

$297,929

Sold Price

$177,125

$202,250

$100,000

Q1 2013

Original List Price

Q2 2013

Q3 2013

Q4 2013

Featured Ad - Charleston Mercury, October 2013 October16_HalfPageMercury_10.625x10.5 10/21/13 12:04 PM Page 1

Significant Sales

PROVEN RESULTS. TRUSTED AGENTS.

20 SOUTH ADGERS WHARF South of Broad Sold For $1,252,000

113 ASHLEY AVENUE Harleston Village Sold For $2,025,000

12 SURF LANE Isle of Palms Sold For $1,585,000

Helene Settle

Chasen McCall

Beth McCrabb

40 RUTLEDGE AVENUE Harleston Village Sold For $1,490,000

22 KING STREET South of Broad Sold For $1,950,000

5-4A MIDDLE ATLANTIC WHARF French Quarter Sold For $2,950,000

Dan Ravenel

Casey Murphey

Lenora White

109 FLYWAY DRIVE Kiawah Island Sold For $10,700,000

126 RUTLEDGE AVENUE Harleston Village Sold For $1,150,000

28 HASELL STREET Ansonborough Sold For $1,000,000

Middleton Rutledge

David Crump

Jane Stoney Cook

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

10

99

77

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Cumulative Days on Market

0

Q1 2013 Q2 2013 Q3 2013 Q4 2013

$300,000

$308,150

Dec

Price Per Sqft

$230

$371,615

$350,000

Nov

Nov

Feb

Average Sale Price

Oct

0

Sept

0

Jul

5

Aug

10

Dec

10

Oct

20

Sept

15

Aug

30

Jul

20

Jun

40

May

25

Apr

50

Mar

30

Jan

60

Feb

Months of Inventory

Jan

Number of Listings

$400,000

Days on Market

58 65

29 29

50

5

95

Jun

15

87

100

May

18

150

26

Apr

25

24

Mar

35

$204 $199

$329,550

$190

$262,485

$250,000

$176 $179

$150

Q1 2013

$200,000

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Q2 2013

Q3 2013

Q4 2013

List Prices versus Sold Prices

$450,000

$398,894

$384,190

$350,000

$288,911

$274,361

$250,000

$336,952

$323,988

$371,615

$361,690

$345,380

$329,550

$308,150

$150,000

Q2 2013

List Price

Sold Price

$262,485

Q1 2013

Original List Price

Q3 2013

Q4 2013

Featured Property Video 5434 Chaplins Landing Road, Hollywood, SC 29449

16

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

84 84

100

Q1 Q2 Q3 Q4 2013 2013 2013 2013

25 25

0 0

0

Q1 2013 Q2 2013 Q3 2013 Q4 2013

$600,000

Dec

Oct

Nov

Sept

Aug

Price Per Sqft

Average Sale Price

$682,750

$639,188

$700,000

Jul

Feb

Jan

16

14

12

10

8

6

4

2

0

Dec

Oct

Months of Inventory

Nov

Aug

Sept

Jul

Jun

May

Apr

Mar

Feb

Jan

Number of Listings

16

14

12

10

8

6

4

2

0

Cumulative Days on Market

Jun

0

Days on Market

200

4

May

2

300

Apr

8

Mar

12

8

4

0

279 279

$350

$305

$300

$271

$520,000

$250

$500,000

$229

$200

$400,000

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Q1 2013 Q2 2013 Q3 2013 Q4 2013

List Prices versus Sold Prices

$850,000

$746,000

$725,500

$750,000

$656,125

$652,375

$650,000

$550,000

$450,000

$549,500

$549,500

Original List Price

$682,750

$639,188

Sold Price

$520,000

Q1 2013

List Price

Q2 2013

Q3 2013

Q4 2013

On the Market 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

Dame Barbara Hepworth signed, dated 1968 Four Figures Waiting Sold for $556,291 USD

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

121

110

94

100

83

121 76

71

58

128

109

Days on Market

76

50 Q1 Q2 Q3 Q4 2013 2013 2013 2013

Cumulative Days on Market

0

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Number of Listings

Months of Inventory

800

30

750

25

20

700

15

650

Dec

Nov

Oct

Sept

Aug

Jul

Jun

Apr

Price Per Sqft

Average Sale Price

$160

$350,000

$142

$296,734

$300,000

$250,000

May

Feb

Dec

Oct

Nov

Aug

Sept

Jul

Jun

May

Apr

Mar

0

Jan

550

Feb

5

Jan

10

600

Mar

140

110

80

50

130

$271,310

$140

$271,233

$245,217

$120

$200,000

$132

$127

$117

$100

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Q1 2013 Q2 2013 Q3 2013 Q4 2013

List Prices versus Sold Prices

$320,000

$304,478

$299,346

$282,601

$280,000

$240,000

$200,000

$278,414

$256,658

$250,985

$281,064

$296,734

$278,253

$271,233

$271,310

List Price

Sold Price

$245,217

Q1 2013

Original List Price

Q2 2013

Q3 2013

Q4 2013

On the Market Featured Property

Beautiful custom 4200ft home on 15.44 acres in the gated community of Longcreek Plantation. Located on quaint Wadmalaw Island and only 20 minutes from downtown Charleston, this country estate offers a well built 2003 traditional home, which provides 4 bedrooms, 3 bathrooms and 2 half baths. The downstairs master is very spacious and it is accompanied by a well appointed bathroom and walk in closet. A clean, spacious kitchen provides plenty of room to cook and entertain. The upstairs offers 3 additional bedrooms, 2 bathrooms, an office and a play room or media room for entertainment. There is a private deck on the rear of the home and a screened in porch for outdoor living.

1901 Long Creek Road 4BR/3+B | 4,200 SqFt $799,000 Daniel Ravenel Sotheby’s International Realty

Recently Sold At Auction

Blister pearl, gem set, and diamond brooch Late 19th Century Sold for $9,218

22

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

250

200

150

100

50

117

130

226 231

89

149

130

80

76

85

75

86 52

Days on Market

72

Cumulative Days on Market

30

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Number of Listings

Months of Inventory

510

20

500

15

490

480

10

470

460

$250,000

Dec

Nov

Oct

Aug

Sept

Jul

Jun

Price Per Sqft

Average Sale Price

$300,000

May

Apr

Mar

0

Feb

Dec

Oct

Nov

Aug

Sept

Jul

Jun

Apr

May

Feb

Mar

Jan

440

Jan

5

450

$285,414

$272,717

$250,225

$245,316

$200,000

$160

$140

$148

$138

$137

$139

$120

$150,000

Q1 2013 Q2 2013 Q3 2013 Q4 2013

$100

Q1 2013 Q2 2013 Q3 2013 Q4 2013

List Prices versus Sold Prices

$400,000

$300,000

$200,000

$303,524

$302,593

$296,290

$262,467

$288,243 $259,900

$258,283

$254,736

$285,414

$272,717

$245,316

$250,225

Original List Price

List Price

Sold Price

$100,000

Q1 2013

Q2 2013

Q3 2013

Q4 2013

On the Market Featured Property

This is a magnificent tidal marshfront property with lovely landscaped grounds irrigated by well water. Most rooms of the house afford stunning vistas of a serene setting. The family and dining rooms flow together with elegant chandelier, sconces, recessed lighting. A fabulous chef ’s dream kitchen offers: Viking 6-burner gas range with glass overhead ventilation, Wolf electric convection oven, Subzero refrigerator/freezer, Meile dishwasher with triple racks, Wolf warming drawer, Uline wine refrigerator; and much more. . A wonderful master bath has granite floors, marble countertops, custom glazed cabinets, whirlpool tub, heated towel racks, chandelier, new glass shower doors, dual showerheads, triple mirrors below 3 overhead wall sconces imported from Italy.

921 Cotton House Road 4BR/2.5B | 3,110 SqFt $795,000 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 25

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

98

97

83 93

Days on Market

50

50

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Cumulative Days on Market

0

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Price Per Sqft

Average Sale Price

$243,430 $242,052

$250,000

$230,000

Dec

Dec

Oct

Nov

Aug

Sept

Jul

Jun

May

Apr

Mar

Jan

Feb

420

Jul

440

Jun

460

May

480

Feb

500

Jan

16

14

12

10

8

6

4

2

0

520

Apr

Months of Inventory

Number of Listings

400

91 99

69 77

Oct

100

81

100

Nov

110

150

131

Aug

159

Mar

150

Sept

200

$138

$140

$229,047

$130

$210,521

$210,000

$120

$190,000

$110

$170,000

$129

$128

$121

$100

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Q1 2013 Q2 2013 Q3 2013 Q4 2013

List Prices versus Sold Prices

$344,968

$350,000

$300,000

$235,616

$250,000

$220,511

$200,000

$269,710

$255,203

$243,430

$255,141

$242,052

$210,521

$258,922

$239,716

List Price

$229,047

$150,000

Q1 2013

Q2 2013

Q3 2013

Original List Price

Q4 2013

Sold Price

In the News...

DRSIR Donates to Pancreatic Cancer Action Network in Support of One of Their Agents Charleston, SC (December 18, 2013) – Daniel Ravenel Sotheby’s International Realty, a local luxury real estate firm, recently donated to the Pancreatic Cancer Action Network (PanCan). The effort was spearheaded by Beth McCrabb and Daniel Ravenel, owner and Broker-in-Charge, generously offered to match any amount raised from employees and agents within the office. The total raised was $775, and with the match the total donation amounted to $1,550.

PanCan was founded in 1999 as a small, non-profit, patient-based advocacy organization. PanCan offers a comprehensive range of services, from advocacy and community outreach, to funding research with a goal of creating hope and support for the pancreatic cancer community.

Beth McCrabb, an experienced agent at Daniel Ravenel Sotheby’s International Realty has participated in 5k’s, called “Purple Strides,” from Savannah to Cincinnati, in support of PanCan. Most recently, she walked in November in Savannah, Georgia to help advance research and support patients and families affected by pancreatic cancer. She walks in memory of her father, Arnold Hampton, and her uncle, Earl Hampton, who both bravely fought pancreatic cancer. “We walked for the memories, love, and hope they provided our family,” says McCrabb.

The combined donation to PanCan from McCrabb’s efforts was $2,315. That contribution included her personal fundraising, the Daniel Ravenel Sotheby’s International Realty office, and Ravenel’s match. This contribution made McCrabb’s team the third highest this year for Savannah Purple Stride and also made McCrabb the top individual fundraiser.

According to PanCan, over 45,000 people will be diagnosed with pancreatic cancer this year and the five-year survival rate is 6%. Since 2003, the Pancreatic Cancer Action Network has awarded 94 research grants totaling nearly $18 million dedicated to patient services, treatments, and a cure for pancreatic cancer. For more information about the Pancreatic Cancer Action Network, please visit PanCan.org.

Daniel Ravenel Sotheby’s International Realty has been serving the Lowcountry for over 30 years, having closed well over $1.5 billion in real estate sales during this time. Joining the Sotheby’s International Realty brand in 2007, the company has taken its local market expertise and expanded into the international arena through a close partnership with the Sotheby’s Auction House and a powerful referral network across affiliate offices worldwide. Daniel Ravenel Sotheby’s International Realty is located at 33 Broad Street in Downtown Charleston, and their local web address is DanielRavenelSIR.com.

The Sotheby’s International Realty® network currently has more than 13,000 sales associates located in approximately 670 offices in 49 countries and territories worldwide. Each office is independently owned and operated.

26

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

250

200

150

100

50

248

81

125

300

257 207

200 88

221 182

188 155

193 154

Days on Market

100 Cumulative Days on Market

0

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Q1 2013

Q2 2013

Number of Listings

Q3 2013

Q4 2013

Months of Inventory

690

680

670

660

650

640

630

620

610

600

25

20

15

10

5

0

Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

Price Per Sqft

Average Sale Price

$950,000

$750,000

$733,212

$801,667

$741,641

$400

$351

$350

$347

$300

$550,000

$200

$350,000

$150,000

Q1 2013

Q2 2013

$100

Q3 2013

Q1 2013 Q2 2013 Q3 2013

List Prices versus Sold Prices

$931,972

$1,000,000 $849,023

$884,538

$860,680 $838,287

$866,936

$788,240

$797,058

$800,000

$801,667

$820,873

$733,212

$741,641

$600,000

Original List Price

$400,000

List Price

$200,000

Sold Price

$-

Q1 2013

Q2 2013

Q3 2013

Q4 2013

Under Contract Featured Property

The Robert Trail Chisolm House(c.1838) is one of the most hidden treasures in the highly desirable location of lower Legare Street, and it is uniquely surrounded by some of the most historical and stately homes on the peninsula of Charleston. Previously owned by a well known Charleston family, this is a very rare opportunity to own an .50 acre estate in downtown Charleston which has not been on the market in over 50 years.The property consists of 3 story masonry main house with triple-tiered piazzas that overlook one of the largest and most private gardens in the city.

23 Legare Street 5BR/3.5B | 6,155 SqFt $3,795,000 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

337 329

81

100

150

100 63

88

66

58

Days on Market

75

50

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Cumulative Days on Market

0

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Months of Inventory

Number of Listings

660

10

640

8

620

6

600

4

580

Average Sale Price

$500,000

Dec

Nov

Oct

Sept

Aug

Jul

Jun

Price Per Sqft

$250

$457,177

$439,600

$419,180

$418,930

$450,000

Apr

Feb

Dec

Oct

Nov

Aug

Sept

Jul

Jun

May

Apr

Mar

Jan

Feb

0

Jan

2

560

540

81

May

250

150 225

218

Mar

350

$200

$400,000

$191

$208

$195

$194

$150

$350,000

$300,000

$100

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Q1 2013 Q2 2013 Q3 2013 Q4 2013

List Prices versus Sold Prices

$500,000

$493,739

$485,623

$459,592

$450,000

$457,177

$432,734

$433,563

$435,910

$430,166

$439,600

$418,930

$419,180

$400,000

Q1 2013

Q2 2013

Original List Price

$454,438

Q3 2013

Q4 2013

List Price

Sold Price

Under Contract Featured Property

Located in the heart of the Old Village, this beautiful Lowcountry style move-in ready home has fabulous amenities, landscaping, and living spaces. This clapboard house, with no need to be elevated, has a deep porch wrapping around three sides of the home, flowing right into the magnificently landscaped fenced-in garden. The French doors create an inviting feeling, giving the first floor an open and airy feel. The current owners have done extensive improvements to an already wonderful property, which will be apparent the minute you arrive. There are 4 en suite bedrooms, giving you options for a master bedroom. In the current master bedroom, there is a gas fireplace and a wood burning fireplace on the first floor. The elegant and spacious kitchen with a large island is perfectly situated to be a part of the open floor plan and looks out towards the yard and screen porch.

603 Royall Avenue 4BR/4.5B | 2,900 SqFt $1,265,000 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

Mt. Pleasant (North of IOP Connector) Market Facts

Waterways and marsh views are a common thread throughout Mount Pleasant, and life moves in the rhythm with those tidal creeks. One has only to search for homes in the Mount Pleasant area to notice the number of water views and lots looking out on open marsh. Enjoy the South Carolina’s pristine Lowcountry waters and wildlife, while remaining within only minutes of Downtown Charleston in Mount Pleasant.

110

Total Sales

450

350

250

150

90

372

332

292

215

Days on Market

107

98 73

65

70

60

Days on Market

64

50

Q1 2013

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Q2 2013

780

760

740

720

Dec

Nov

Oct

Sept

Jul

Aug

Jun

Apr

May

Mar

Jan

700

Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

Price Per Sqft

Average Sale Price

$400,000

$351,383 $361,047

Q4 2013

16

14

12

10

8

6

4

2

0

800

Feb

Q3 2013

Cumulative Days on Market

Months of Inventory

Number of Listings

680

93

79

$383,993 $388,741

$160

$141

$148

$155

$140

$350,000

$300,000

$120

$250,000

$100

$200,000

Q1 2013

Q2 2013

Q3 2013

Q1 2013 Q2 2013 Q3 2013

Q4 2013

List Prices versus Sold Prices

$412,925

$420,000

$392,673

$391,662

$400,000

$380,000

$379,112

$360,486

$370,244

$368,526

$360,000

$340,000

$383,993

$396,170

$388,741

List Price

$361,047

Sold Price

$351,383

$320,000

Q1 2013

Q2 2013

Original List Price

Q3 2013

Q4 2013

On the Market On the Market

It is all about lifestyle with this incredible property. Sit by the pool or take your boat for a cruise down the river.

Located on deep water with boat lift and floating dock. Enjoy beautiful sunset views. This Mediterranean Style stucco home has many custom features. Among them are a gourmet kitchen to delight any cook with two sinks, Wolfe 6 burner plus griddle stove and two ovens. There is a game room with built in bar, professional outfitted office, media room with large projection TV and surround sound. Elevated pool deck including heated and cooled infinity pool, spa, fire pit, koi pond, outdoor kitchen. Deep water dock with 20 x 20 Pier Head, 30 ft floating dock and boat lift. For the car collector there is a 3 bay daily use garage plus 7 car storage garage/utility room.

1982 Sandy Point Lane 5BR/5+B | 10,500 SqFt $4,750,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Tel Aviv, Israel 3BR/3.5B 3,681 SqFt $5,000,000 Israel Sotheby’s International Realty

Ponte Vedra Beach, Florida 7BR/8.5B 8,560 SqFt $4,850,000 Manormor Sotheby’s International Realty 32

Bloomfield Hills, Michigan 6BR/5+B 8,600 SqFt $4,475,000 SKBK 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.

Total Sales

14

6

Q1 Q2 Q3 Q4 2013 2013 2013 2013

235

194 156

175

172

200

0

277

266

300

Cumulative Days on Market

100

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Average Sale Price

$1,500,000

Dec

Nov

Oct

Aug

Sept

Price Per Sqft

$600

$1,819,643

$1,631,667

$1,598,854

Jul

0

Jun

0

Feb

5

Jan

10

Dec

10

Nov

20

Oct

15

Sept

30

Jul

20

Aug

40

Jun

25

Apr

50

May

30

Feb

60

Mar

35

Jan

70

May

Months of Inventory

Number of Listings

$2,000,000

Days on Market

168

Apr

10

13

9

Mar

20

Days on Market

$1,470,035

$569

$582

$550

$500

$472

$450

$447

$400

$1,000,000

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Q1 2013 Q2 2013 Q3 2013 Q4 2013

List Prices versus Sold Prices

$2,500,000

$2,000,000

$1,728,222

$1,562,200

$1,500,000

$2,015,993

$1,990,279 $1,880,833

$1,832,500

$1,716,077

$1,819,643

$1,598,854

$1,631,667

$1,784,154

$1,470,035

$1,000,000

Q1 2013

Q2 2013

Q3 2013

Q4 2013

Original List Price

List Price

Sold Price

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WATERFRONTPROPERTYSIR.COM | GOLFPROPERTYSIR.COM | HISTORICPROPERTYSIR.COM 33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com

34

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

400

162

53

258 207

241

200

Q1 Q2 Q3 Q4 2013 2013 2013 2013

Cumulative Days on Market

100

Q1 2013 Q2 2013 Q3 2013 Q4 2013

Average Sale Price

$850,000

$650,000

$715,970 $718,647

Dec

Oct

Nov

Sept

Jul

Price Per Sqft

$400

$750,000

Aug

0

Feb

320

Jan

5

Dec

330

Nov

10

Oct

340

Sept

15

Aug

350

Jul

20

Jun

360

May

25

Apr

30

370

Mar

380

Feb

35

Jan

390

Jun

Months of Inventory

Number of Listings

$761,156

Days on Market

230

May

45

300

320

319

Apr

88

290 252

Mar

170

120

70

20

$358

$363

$354

$350

$305

$625,349

$300

$550,000

Q1 2013 Q2 2013 Q3 2013 Q4 2013

$250

Q1 2013 Q2 2013 Q3 2013 Q4 2013

List Prices versus Sold Prices

$1,045,342

$1,100,000

$1,016,676

$1,000,000 $915,153

$900,000

$818,745

$825,933

$780,184

$764,793

$800,000

$681,384

$761,156

$700,000

$718,647

$715,970

$600,000

$625,349

$500,000

$400,000

Q1 2013

Q2 2013

Q3 2013

Q4 2013

Original List Price

List Price

Sold Price

On the Market 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 36

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

Marketing Charleston Worldwide

GolfPropertySIR.com

HistoricPropertySIR.com

SothebysRealty.com

About Charleston, SC

WaterfrontPropertySIR.com

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