MARKET UPDATE
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 Da ays on on Market Market
Total T otal Sales! Sales! 40 ! 20 !
31 !
18 !
600
31 !
400
335
402
200
0!
Q1 Q1 Q2 Q2 Q3 Q3 2013! 2013!! 2013! 2013! 2013 2013!
Days Da ays on on Market Market
185 224
125 12 5 133
on Cum Cumulative ulative Days Daays y on Market Markket
0
Q Q11 2013
Q2 Q2 2013
Q Q33 2013
M Months onths of of Inventory! Inventory!
N Number umber of of Listings! Listings! 110 !
25 25!!
105 !
20 20!!
100 !
15 15!!
95 ! 90 !
10!! 10
85 !
5!! 5
80 !
0!! 0 Jan! Jun! Jul! Jul! Aug Aug!Sept! !Sept! Jan! Feb!Mar!Apr!May! Feb! Mar!Apr!May! Jun!
Average A verage Sale Sale Price! Price! $2, 150,000 ! $2,150,000
$1,752,667 ! $1,752,667
$1, 650,000 ! $1,650,000
P Price rice P Per er Sqft! Sqft! $600 !
$1,515,680 $1,515,680 !
$1,253,887 $1,253,887 !
$1, 150,000 ! $1,150,000
$500 !
$499 !
$483 !
$443 3!
$400 ! $300 !
$650, 000 ! $650,000
$200 !
$150, $150,000 000 !
Q Q11 2013 2013!!
Q2 Q2 2013! 2013!
Q3 2013! 2013! Q3
$100 ! Q1 2013!Q2 2013!Q2 2013 Q1 2013!Q3 !Q3 2013 2013!!
LList ist P Prices rices versus versus Sold Sold Prices! Prices! $2,500,000 $2, 500,000 ! $2,000,000 $2, 000,000 ! $1, $1,500,000 500,000 !
$ $2,044,333 2,044,333 ! $1, $1,881,278 ,881,,278 !
$ $1, $1,830,318 ,830,,318 ! $ $1,657,561 1,657,561 ! $1,752,667 2,667 ! $1,349,658 $1, 349,658 ! $1,515,680 5,680 ! $1 $1,380,387 3380,387 ! $1,253,887 ,887 7!
$1,000,000 $1, 000,000 ! $500, $500,000 000 !
Q1 Q1 2013! 2013!
Q2 Q2 2013 2013!!
Q3 Q3 2013 2013!!
O Original riginal List List P Price! rice! Price LList ist P rice ! So Sold ld Price! Price!
Under Contract
Featured Property
This classic, c. 1789 Charleston Single House is located on Lower King Street in the most historic district of Charleston, i.e., the south-eastern quadrant of the peninsula. The house has 3 totally renovated stories with 3 bedrooms, 3 and 1/2 baths in 3,747 sq. ft. The first floor has a living room, formal dining room, huge "live-in-kitchen great room" with lots of seating and easy access through multiple French doors to the side slate patio and surrounding gardens, designed by Sheila Wertimer.
22 King Street 3BR/3.5B | 3,747 SqFt $2,195,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Saint James, Barbados 4BR/4B 5,600 SqFt $2,000,000 West Coast Villas Sotheby’s International Realty
Edina, Minnesota 5BR/4.5B 4,494 SqFt $1,595,000 Lakes Sotheby’s International Realty 4
Cave Creek, Arizona 6BR/6B 5,667 SqFt $2,000,000 Russ Lyon 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 Da ys on on Market Mark rket et
Total T otal Sales! Sales! 30 ! 20 !
19 !
300 20 !
200
11 !
209
167
204
191
Days Da ys on on Market Market
145
102
100
10 ! 0!
Cum Cumulative ulative Days Days on on M Market ark rket et
0
Q1 Q1 2013!Q2 2013!Q2 2013!Q3 2013!Q3 2013 2013!!
Q11 2013 Q
Q Q22 2013
Q3 Q3 2013
M Months onths of of Inventory! Inventory!
N Number umber of of Listings! Listings! 100 !
30 30!!
80 !
25 25!! 20!! 20
60 !
15!! 15
40 !
10! 10!
20 !
5!! 5
0!
0!! 0 Jan! Mar! May! ay! JJun! un! Jul! Jul! Aug! Aug! Sept Sept!! Jan! FFeb! eb! M ar! Apr! Apr! M
Average A verage Sale Sale Price! Price! $750, 000 ! $750,000
$622, $622,639 639 !
224 ! $669, $669,224
Price Price P Per er Sqft! Sqft! $658, $658,083 083 !
$550, 000 ! $550,000 $350, 000 ! $350,000 $150, 000 ! $150,000 Q1 Q1 2013! 2013!
Q2 Q2 2013 2013!!
Q3 Q3 2013 2013!!
$361 !
$400 ! $350 ! $300 ! $250 ! $200 ! $150 ! $100 !
$283 !
$318 !
Q1 Q1 2013! 2013! Q Q22 2013 2013!! Q Q33 2013 2013!!
LList ist Prices Prices versus versus Sold Sold Prices! Prices! $800,000 $800, 000 ! $700,000 $700, 000 ! $600, $600,000 000 !
$743, $743,584 584 ! $707, $707,721 721 !
$714, $714,800 800 ! $652, $652,782 782 ! $622,639 639 !
$669,224 224 !
$747, $747,965 965 ! 220 ! $696, $696,220 $658,083 083 !
$500,000 $500, 000 ! $400, $400,000 000 !
O Original riginal List List P Price! rice! LList ist P rice ! Price Sold Sold Price! Price!
Q1 Q1 2013 2013!!
Q2 Q2 2013! 2013!
Q Q33 2013 2013!!
Coming Soon...
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 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 preRevolutionary buildings.
Days Da ys on on Market Market
Total T otal Sales! Sales! 10 ! 5!
9! 4!
650 6!
497 497
450 205 205
250
0!
Q Q11 2013! 2013!
Q Q2 2 2013!! 2013
Q3 Q3 2013! 2013!
Days Da ys on on Market Market
343 343
on Cum Cumulative ulative Days Days on M Market ark rket et
50
Q11 2013 Q
Q Q22 2013
Q Q3 3 2013
M Months onths of of Inventory! Inventory!
N Number umber of of Listings! Listings! 35 35!!
50 !
30 30!!
40 !
25!! 25
30 !
20!! 20 15 15!!
20 !
10 10!!
10 !
5 5!!
0!
0!! 0 Jan! Apr!! M May! ay! Jun! Jun! Jul! Jul! Aug! Aug! Sept! Sept! Jan! Feb! Feb! Mar! Mar! Apr
Jan! Mar!Apr!May! un! JJul! ul! Aug!Sept! Aug!Sept! Ja n! FFeb! eb! M ar! Apr! May! JJun!
P Price rice P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! $1, 100,000 ! $1,100,000 $900,000 $900, 000 !
$600 !
$916, 278 ! $916,278
$526 !
$500 !
$700, $700,500 500 !
$700,000 $700, 000 !
$580, $580,083 083 !
$500,000 $500, 000 ! $300, $300,000 000 ! Q1 Q1 2013! 2013!
$576 ! $530 !
Q2 Q2 2013 2013!!
Q3 Q3 2013 2013!!
$400 ! $300 ! Q1 2013!Q2 2013!Q2 2013 Q1 2013!Q3 !Q3 2013 2013!!
LList ist P Prices rices versus versus Sold Sold Prices! Prices! $1,300,000 $1, 300,000 !
$1, $1,134,978 134,978 !
$1, $1,050,000 050,000 ! $800,000 $800, 000 ! $550,000 $550, 000 ! $300, $300,000 000 !
$960, $960,711 711 ! $768, $768,100 100 ! $765,600 $765, 600 !
O Original riginal List List P Price! rice!
$916,278 278 ! $621, $621,317 317 ! $608, $608,500 500 !
$700,500 500 !
$580,083 083 !
Q1 Q1 2013! 2013!
Q2 Q2 2013 2013!!
Q3 Q3 2013! 2013!
LList ist P rice ! Price So ld Price! Price! Sold
On the Market
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 $3,299,000 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 Da ys on on Market Market
Total T otal Sales! Sales! 10 ! 5!
8!
9!
4! Q Q22 2013!! 2013
179 201
197
200
0!
Q1 Q1 2013!! 2013
301
300
109
103
Days Da ys on on Market Market
100
Q3 Q3 2013! 2013!
on Cum Cumulative ulative Days Days on M Market ark rket et
0
Q11 2013 Q
Q2 Q2 2013
Q3 Q3 2013
M Months onths of of Inventory! Inventory!
N Number umber of of Listings! Listings! 35 !
30!! 30
30 !
25!! 25
25 !
20!! 20
20 !
15!! 15
15 !
10!! 10
10 !
55!!
5!
00!!
0!
Ja n! Feb! Feb! M ar! Apr!May! Apr! May! JJun! Jan! Mar! un! JJul! ul! Aug Aug!Sept! !Sept!
Ja n! FFeb!Mar!Apr!May! eb! Mar!Apr! May! JJun! Jan! un! JJul! ul! Aug!Sept! Aug!Sept!
P Price rice P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! $950, 000 ! $950,000
$500 !
$1,068,625 $1, 068,625 !
$1, 150,000 ! $1,150,000
$826, $826,556 556 !
$819, $819,250 250 !
$750,000 $750, 000 !
$400 !
$355 !
$410 !
$424 !
$300 !
$550, 000 ! $550,000
$200 !
$350, 000 ! $350,000
$100 !
$150, $150,000 000 !
Q Q11 2013 2013!!
Q Q22 2013! 2013!
Q1 Q1 2013!Q2 2013!Q2 2013 2013!Q3 !Q3 2013 2013!!
Q Q33 2013 2013!!
LList ist P Prices rices versus versus Sold Sold Prices! Prices! $1,300,000 $1, 300,000 ! $1, $1,100,000 100,000 ! $900,000 $900, 000 ! $700,000 $700, 000 ! $500, $500,000 000 !
$1, 172,125 ! $1,172,125 $1, $1,106,250 106,250 ! $906, $906,250 250 !
$1, $1,122,750 122,750 ! $1,068,625 625 !
$983, 333 ! $983,333 $896, $896,778 778 !
O Original riginal List List P Price! rice! LList ist P rice ! Price
$826,556 556 !
$819,250 250 !
Q1 Q1 2013! 2013!
Q2 Q2 2013 2013!!
Q3 Q3 2013 2013!!
So ld Price! Price! Sold
Under Contract
Featured Property
The ante-bellum William Thompson House (circa 1843) was built in the Greek Revival style of solid brick with a stucco finish. It is located in the heart of Ansonborough, Charleston’s most charming and walkable-to- everything neighborhood. This meticulously maintained property consists of two, separately metered dwellings, a 2 BR, 2 & a half bath Main house (53 Anson) and a 1 BR, 1 Ba Guest cottage (55 Anson) that was created out of the original kitchen house. Behind the two residences there is very private, brick walled Charleston garden with accent lighting, fountain, generous seating and dining area and two separate entrances.
53-55 Anson Street 3BR/3.5B | 2,354 SqFt $1,335,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Santa Fe, New Mexico 5BR/4.5B 6,075 SqFt $1,500,000 Sotheby’s International Realty Santa Fe Brokerage
Mount Hardy, St. Lucia 4BR/4.5B 3,827 SqFt $1,500,000 St. Lucia Sotheby’s International Realty 10
Little Compton, Rhode Island 3BR/3B 1,726 SqFt $1,295,000 Gustave White 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 Da ys on on Market Mark rket et
Total T otal Sales! Sales! 20 !
12 !
15 !
Q Q11 2013! 2013!
Q Q2 2 2013!! 2013
150 100
5!
10 !
80 80
91
110
82 82
50
0!
Q Q33 2013! 2013!
on Market Market Days Da ys on Cum Cumulative ulative Days Days on on M Market ark rket et
0
Q11 2013 Q
Q2 Q2 2013
N Number umber of of Listings! Listings!
Q3 Q3 2013
M Months onths of of Inventory! Inventory!
35 !
20 20!!
30 ! 15!! 15
25 ! 20 !
10! 10!
15 ! 10 !
5! 5!
5! 0!
0! 0! Jan! Mar! Apr! Apr! M May! ay! JJun! un! JJul! ul! Aug!Sept! Aug! Sept! Jan! Feb! Feb! Mar!
Jan! Feb! Feb! Mar! Jan! Mar! Apr! Apr! May! May! JJun! un! JJul! ul! Aug Aug!! Sept Sept!!
P Price rice P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! $650, 000 ! $650,000
$522, $522,927 927 !
$550, 000 ! $550,000 $450, 000 ! $450,000
$582, $582,000 000 !
$350 !
$323 !
$250 !
$400, $400,708 708 !
$350, 000 ! $350,000
$200 !
$250, 000 ! $250,000
$150 !
$150, $150,000 000 !
$100 ! Q1 2013! Q1 2013!
$274 !
$300 !
$300 !
Q Q22 2013 2013!!
Q11 2013 2013!! Q2 Q2 2013 2013!! Q3 Q3 2013 2013!! Q
Q Q33 2013 2013!!
LList ist P Prices rices versus versus Sold Sold Prices! Prices! $700, 000 ! $700,000 $600, $600,000 000 ! $500,000 $500, 000 ! $400,000 $400, 000 !
$450, $450,667 667 ! $439, $439,125 125 !
$608, $608,400 400 ! $603, $603,600 600 ! $546, $546,952 952 ! $546, $546,085 085 ! $582,000 000 ! $522,927 927 !
List List Price Price !
$400,708 708 !
Sold Sold Price! Price!
$300,000 $300, 000 ! $200, $200,000 000 !
Q1 Q1 2013 2013!!
O Original riginal List List P Price! rice!
Q2 Q2 2013! 2013!
Q Q33 2013 2013!!
On the Market
Featured Property
This Charleston Single was totally renovated down to the studs in 2007 so you have the feel of an older historic home but the modern amenities of today. The home boasts a nice open floor plan with original heart pine flooring throughout and an abundance of windows to allow for a lot of natural light. The large open kitchen has granite countertops, stainless appliances, bead board cabinets and a ceramic tile floor. The master bedroom has 2 closets and attached bath with a claw foot tub. Morris Square is a lovely community in the heart of downtown Charleston.
18 Jasper Street 4BR/2.5B | 1,890 SqFt $599,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
St. Croix, USVI 3BR/2.5B 2,000 SqFt $580,000 United States Virgin Islands Sotheby’s International Realty
Bay Harbor, Michigan 5BR/4B 3,000 SqFt $559,000 Harbor Sotheby’s International Realty 12
Tiverton, Rhode Island 3BR/2B 2,733 SqFt $625,000 Gustave White 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 T otal Sales! Sales! 14 !
15 ! 10 ! 5!
700
569
Days Da ys on on Market Mark rket et
683
500
6!
300
2!
Days Da ys on on Market Market
260 266 113 121
100
0!
Q1 Q1 2013!Q2 2013!Q2 2013 2013!Q3 !Q3 2013! 2013!
-100 -100
Q11 2013 Q
Q Q22 2013
Q3 Q3 2013
M Months onths of of Inventory! Inventory!
N Number umber of of Listings! Listings! 60 !
60!! 60
50 !
50!! 50
40 !
40! 40!
30 !
30! 30!
20 !
20! 20!
10 !
10! 10!
0!
0!! 0 Jan! Feb!Mar!Apr!May! Feb! Mar!Apr!May! JJun! Jan! un! JJul! ul! Aug Aug!Sept! !Sept!
Jan! Feb!Mar!Apr!May! Feb! Mar!Apr!May! Jun! Jan! Jun! JJul! ul! Aug Aug!Sept! !Sept!
Price Price P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! $400, 000 ! $400,000
$250 !
$360, $360,250 250 !
$350, 000 ! $350,000
$297, $297,929 929 !
$300,000 $300, 000 ! $250, 000 ! $250,000
on Cum Cumulative ulative Days Days on Market Mark rket et
$223 !
$221 ! $198 !
$200 ! $150 !
$202, $202,250 250 !
$200, 000 ! $200,000 $100 !
$150, $150,000 000 ! Q11 2013! 2013! Q
Q2 Q2 2013 2013!!
Q11 2013! Q 2013! Q Q22 2013 2013!! Q Q33 2013 2013!!
Q3 Q3 2013 2013!!
LList ist P Prices rices versus versus Sold Sold Prices! Prices! $472, $472,833 833 !
$500,000 $500, 000 !
$393, $393,500 500 !
$400, $400,000 000 ! $300,000 $300, 000 ! $200,000 $200, 000 ! $100, $100,000 000 !
$360,250 250 ! $246, $246,898 898 !
$327, $327,179 179 ! $322, $322,536 536 ! $297,929 929 !
$177, $177,125 125 !
LList ist P rice ! Price Sold So ld Price! Price!
$202,250 250 !
Q1 Q1 2013 2013!!
O Original riginal List List P Price! rice!
Q2 Q2 2013! 2013!
Q3 Q3 2013 2013!!
On the Market
Featured Property
Wonderful corner property with ample parking and is currently divided into four apartments. Each apartment has a stove and refrigerator, washer and dryer. In an ideal location, just a short walking distance to either C of C or MUSC, this area is brimming with a students and young professionals. With the high population of student residents, this area has many well priced homes and is a prime location to invest in a rental property. Many homes have been converted into multiple units, making it an ideal mix of history and practicality.
132 Spring Street 8BR/4B | 2,870 SqFt $849,000 Daniel Ravenel Sotheby’s International Realty
Recently Sold At Auction 118.28 carat diamond Oval D-color Flawless Type IIa Mined in South Africa in 2011 Sold for $30,781,604 USD
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 Da ys on on Market Mark rket et
Total T otal Sales! Sales! 35 ! 25 !
24 !
18 !
150
26 !
87 99
100
15 !
77 29 29
50
5!
95
Cumulative Cumulative Days Days on on Market Mark rket et
0
Q1 Q1 2013! 2013!Q2 2013! 2013!Q3 2013 2013!!
Q11 2013 Q
Days Da ys on on Market Market
Q Q22 2013
Q3 Q3 2013
M Months onths of of Inventory! Inventory!
Number Number of of Listings! Listings! 10! 10!
40 ! 35 ! 30 ! 25 ! 20 ! 15 ! 10 ! 5! 0!
88!! 66!! 44!! 22!! 00!! Jan! Mar! May! ay! Jun! Jun! Jul! Jul! Aug!Sept! Aug! Sept! Jan! FFeb! eb! M ar! Apr! Apr! M
Jan! Apr!May! ! May! Jun! Jun! Jul! Jul! Aug Aug!Sept! !Sept! Jan! Feb! Feb! Mar! Mar! Apr
Price Price P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! $371, $371,615 615 !
$400,000 $400, 000 ! $350, 000 ! $350,000 $300, 000 ! $300,000
$250 ! $204 ! $200 !
$308,150 $308, 150 ! $262, $262,485 485 !
$176 !
$179 !
$150 !
$250,000 $250, 000 !
$100 !
$200, $200,000 000 ! Q11 2013! 2013! Q
Q2 Q2 2013 2013!!
Q1 2013! 2013! Q2 Q2 2013 Q3 2013 Q1 2013!! Q3 2013!!
Q3 Q3 2013 2013!!
List List P Prices rices versus versus Sold Sold Prices! Prices! $450, $450,000 000 ! $350,000 $350, 000 ! $250,000 $250, 000 ! $150, $150,000 000 !
$398, $398,894 894 ! $384, $384,190 190 ! $288, $288,911 911 ! 361 ! $274, $274,361
$336, 952 ! $336,952 $323, $323,988 988 !
$371,615 615 !
LList ist Price Price !
$308,150 150 !
Sold So ld Price! Price!
$262,485 485 !
Q1 Q1 2013 2013!!
Q2 Q2 2013! 2013!
Original Original List List P Price! rice!
Q Q33 2013 2013!!
DRSIR In the News....
An excerpt from Buyers returning to Lowcountry’s luxury homes market Tyrone Richardson, Post & Courier Sunday, August 4, 2013 8:38 a.m.
International buyers In addition to retirees and Northerners moving South, local Realtors say the high-end market is seeing an uptick in international buyers. The overseas trend encouraged the Charleston Trident association to offer a course on international sales earlier this year. Months ago, the association held a class teaching cultures of international buyers and allowing Realtors to earn a Certified International Property Specialist designation. The label provides research, network and marketing tools for global trade. “The course certainly provided our membership with additional tools to market to and work with the international buyer,” Tyler said. Downtown Charleston real estate agent Casey Murphey, of Sotheby’s International, describes a growing number of international buyers interested in luxury properties. “Charleston is very appealing since it already looks European and we have had a lot of international press lately,” she said, noting Charleston being named the world’s No. 1 tourist destination by readers of Conde Nast Traveler magazine last year. Murphey said the home prices in Charleston’s posh South of Broad Street neighborhood are up an average of 47.5 percent compared to the first six months in 2012. That growth has triggered more area homeowners to jump into the market. “Sales are better and now you have people who see it getting better and are now putting their homes on the market,” she said. The combination has meant busier workdays, Murphey said. “Last week was my busiest week since 2005,” she said. “It is because I have a lot work to do ... I’m doing things for closings and inquiries from people and have to get back to other people requesting more information.” The uptick is echoed by Realtors like Judd Borders, of Wild Dunes Real Estate, describing a busier home shopping environment that “started earlier in the season than before.” “Sellers are also getting closer on their list price and they’re not getting low-balled anymore,” he said.
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 Da ys on on Market Mark rket et Total T otal Sales! Sales! 12 ! 8! 4! 0!
8! 2! Q Q11 2013! 2013!
Days Da ys on on Market Market
200
0! Q Q2 2 2013!! 2013
279 279
300
100 Q Q33 2013 2013!!
0
0
Q Q11 2013
N Number umber of of Listings! Listings!
25 25
0
Q Q22 2013
on Cum Cumulative ulative Days Days on Market Mark rket et
Q Q33 2013
Months Months of of Inventory! Inventory!
16 ! 14 ! 12 ! 10 ! 8! 6! 4! 2! 0!
16!! 16 14!! 14 12!! 12 10! 10! 88!! 66!! 44!! 22!! 00!! Jan! Mar!Apr!May! Jun! JJul! ul! Aug!Sept! Aug!Sept! Jan! Feb! Feb! M ar! Apr! May! Jun!
Ja n! Feb! Feb! Mar! Mar! Apr Jan! Apr!! M May! ay! Jun! Jun! Jul! Jul! Aug Aug!! Sept! Sept!
P Price rice P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! $750, 000 ! $750,000 $550, 000 ! $550,000
$639,188 $639, 188 ! $520, $520,000 000 !
$350 !
$305 !
$300 ! $250 !
$229 !
$200 !
$350, 000 ! $350,000
$150 ! $100 !
$150, 000 ! $150,000 Q Q11 2013 2013!!
Q2 Q2 2013 2013!!
Q1 Q1 2013!Q2 2013!Q2 2013 2013!Q3 !Q3 2013 2013!!
Q Q33 2013 2013!!
LList ist P Prices rices versus versus Sold Sold Prices! Prices! $700, 000 ! $700,000
$656, $656,125 125 ! $652, $652,375 375 !
$650, 000 ! $650,000 $600, $600,000 000 ! $550, 000 ! $550,000 $500, 000 ! $500,000
$639,188 188 !
$549, $549,500 500 ! $549, $549,500 500 !
Price LList ist P rice !
$520,000 000 !
So ld Price! Price! Sold
$450, 000 ! $450,000 $400, $400,000 000 !
Q1 Q1 2013 2013!!
O Original riginal List List P Price! rice!
Q2 Q2 2013! 2013!
Q3 Q3 2013 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 $825,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
La Barra, Uruguay 4BR/4.5B 11,593 SqFt $900,000 Perazzo Inmobiliaria Sotheby’s International Realty
Las Vegas, Nevada 2BR/2.5B 2,055 SqFt $899,900 Synergy Sotheby’s International Realty 18
Fort Lauderdale, Florida 2BR/2.5B 2,170 SqFt $899,000 ONE Sotheby’s International Realty
Destination: Charleston Video
The Market in the Charleston Area
Johns Island 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.
Total T otal Sales! Sales! 140 ! 110 ! 80 !
Days Da ys on on Market Mark rket et
130 !
150
110 !
100
83 !
121
94
76
71
58
109
50
50 !
0
Q1 Q1 2013! 2013! Q2 Q2 2013! 2013! Q Q33 2013 2013!!
Q Q11 2013
Q2 Q2 2013
Q3 Q3 2013
Days Da ys on on Market Market Cumulative Cumulative Days Days on on Market Mark rket et
M Months onths of of Inventory! Inventory!
N Number umber of of Listings! Listings! 760 !
30!! 30
740 !
25!! 25 20! 20!
720 !
15! 15!
700 !
10! 10!
680 !
5!! 5
660 !
0!! 0 Jan! un! JJul! ul! Aug Aug!Sept! !Sept! Jan! Feb! Feb! Mar! Mar! Apr!May! Apr! May! JJun!
P Price rice P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! $160 !
$350, 000 ! $350,000 $296, 734 ! $296,734
$300,000 $300, 000 ! $250,000 $250, 000 !
$271, 310 ! $271,310 $245, $245,217 217 !
$127 ! $117 !
$120 !
$200, $200,000 000 ! Q11 2013! 2013! Q
$142 ! $140 !
Q2 Q2 2013 2013!!
Q3 Q3 2013 2013!!
$100 ! Q11 2013 2013!! Q
Q22 2013 2013!! Q
Q33 2013 2013!! Q
LList ist P Prices rices versus versus Sold Sold Prices! Prices! $350,000 $350, 000 ! $300, $300,000 000 ! $250,000 $250, 000 !
$256, $256,658 658 ! $250, $250,985 985 !
$282, $282,601 601 ! $278,414 $278, 414 !
$304,478 $304, 478 ! $299, $299,346 346 ! $296,734 734 !
$271,310 310 !
LList ist Price Price !
$245,217 217 !
So ld Price! Price! Sold
$200,000 $200, 000 ! $150, $150,000 000 !
Original Original List List P Price! rice!
Q1 Q1 2013 2013!!
Q2 Q2 2013! 2013!
Q3 Q3 2013 2013!!
Recently Sold
Featured Property
This charming 1920's cottage located on Adams Creek in historic Rockville boasts a sprawling 3.5 acre property with beautiful oaks, azaleas and palmettos. Fantastic sunset views from the gardens and lawn overlooking the marsh. The deep water dock offers great access to fishing, shrimping, boating and any activities on the water. The short dock with a floater has plenty of water at low tide. Daniel Ravenel Sotheby’s International Realty had agents on the listing and selling side of this transaction.
6992 Maybank Highway 4BR/2B | 2,709 SqFt Sold for $820,000 Daniel Ravenel Sotheby’s International Realty
Recently Sold At Auction
‘Palace’ bowl Exhibition of Ancient Chinese Ceramics Period of Chenghua Sold for $18,215,157.84
24
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 Da ys on on Market Market
Total T otal Sales! Sales! 250 ! 200 ! 150 ! 100 ! 50 !
226 !
117
130
231 !
89
130 !
76
80
85
75
86
Cumulative Cumulative Days Days on on M Market ark rket et
30
Q1 Q1 2013! 2013! Q2 Q2 2013! 2013! Q3 Q3 2013! 2013!
Days Da ys on on Market Market
Q1 Q1 2013
Q Q22 2013
Q Q33 2013
M Months onths of of Inventory! Inventory!
N Number umber of of Listings! Listings! 20!! 20
540 ! 520 !
15!! 15
500 ! 480 !
10!! 10
460 ! 55!!
440 ! 420 !
00!! Jan! May! ay! JJun! un! Jul! Jul! Aug Aug!Sept! ! Sept! Jan! Feb! Feb! Mar! Mar! Apr! Apr! M
P Price rice P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! $300,000 $300, 000 !
$272,717 717 ! $272,
$250,000 $250, 000 !
$285, $285,414 414 ! $245, 316 ! $245,316
$160 !
$148 ! $138 !
$140 !
$137 !
$120 !
$200, $200,000 000 ! $150, $150,000 000 ! Q1 2013! Q1 2013!
Q2 Q2 2013 2013!!
Q3 Q3 2013! 2013!
$100 ! Q Q11 2013! 2013! Q2 Q2 2013 2013!! Q3 Q3 2013 2013!!
LList ist Prices Prices versus versus Sold Sold Prices! Prices! $400,000 000 ! $400, $300,000 $300, 000 !
$302, $302,593 593 ! $288, $288,243 243 ! $272,717 717 !
$200,000 $200, 000 ! $100, $100,000 000 !
$259, $259,900 900 ! 736 ! $254, $254,736
$303, $303,524 524 ! $296, $296,290 290 ! $285,414 414 !
$245,316 316 !
O Original riginal List List P Price! rice! Price LList ist P rice ! Sold So ld Price! Price!
Q1 Q1 2013 2013!!
Q2 Q2 2013! 2013!
Q3 Q3 2013 2013!!
Recently Sold
Featured Property
Probably the oldest home (circa 1742) on James Island. This Prerevolutionary farm house retains the old charm while providing every modern convenience for the owners. Within ten minutes from downtown Charleston's historic district and famed restaurants and night life this large lot includes a guest house and a beautiful pool and patio.
683 Fort Sumter Drive 5BR/5B | 4,321 SqFt $869,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Rome, Italy 4BR/2B 2,691 SqFt $810,226 Rome Sotheby’s International Realty
Harmony, Florida 4BR/5.5B 5,400 SqFt $899,000 Stirling Sotheby’s International Realty 26
New Providence, Bahamas 4BR/3.5B 3,000 SqFt $900,000 Damianos 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 Da ys on on Market Market
Total T otal Sales! Sales! 200 ! 150 !
159 !
150 100
131 !
110 !
97
81
83 93
69 77
50
100 ! 50 !
Cumulative Cumulative Days Days on on Market Mark rket et
0
Q Q11 2013 2013!Q2 !Q2 2013 2013!Q3 !Q3 2013! 2013!
Days Da ys on on Market Market
Q Q11 2013
Q2 Q2 2013
Q3 Q3 2013
Months Months of of Inventory! Inventory!
N Number umber of of Listings! Listings! 16 16!! 14 14!! 12 12!! 10!! 10 88!! 66!! 44!! 22!! 00!!
510 ! 500 ! 490 ! 480 ! 470 ! 460 ! 450 ! 440 !
Jan! FFeb!Mar!Apr!May! eb! Mar!Apr!May! Jun! Jan! Jun! Jul! Jul! Aug Aug!Sept! !Sept!
P Price rice P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! 430 ! $243, $243,430
$250, 000 ! $250,000 $230,000 $230, 000 !
$242, $242,052 052 !
$129 !
$130 !
$210, $210,521 521 !
$210,000 $210, 000 !
$120 !
$190,000 $190, 000 !
$110 !
$170,000 $170, 000 ! Q11 2013 2013!! Q
$138 !
$140 !
Q Q22 2013 2013!!
Q3 Q3 2013 2013!!
$121 !
$100 ! Q11 2013 2013!! Q Q22 2013 2013!! Q Q33 2013 2013!! Q
LList ist P Prices rices versus versus Sold Sold Prices! Prices! $400, 000 ! $400,000
$344, $344,968 968 ! $269, $269,710 710 ! $255, 203 ! $255,203
$300, 000 ! $235, $300,000 $235,616 616 !
$220, $220,511 511 !
$200, $200,000 000 ! $100, $100,000 000 !
$210,521 521 !
Q1 Q1 2013 2013!!
$243,430 430 !
141 ! $255, $255,141 $242,052 052 !
O Original riginal List List P Price! rice! LList ist P rice ! Price So Sold ld Price! Price!
Q2 Q2 2013! 2013!
Q3 Q3 2013 2013!!
In the News...
Sotheby’s International Realty Launches Specialty Lifestyle Websites
Introducing... HISTORIC
WATERFRONT
GOLF
Luxury by Lifestyle
No other real estate firm offers truly global access into these specialized market segments. By fine-tuning our skills and broadening our reach, we better serve the needs of our clientele whose properties are among their most prized possessions. Visit these sites to see how we are connecting the most discerning buyers and sellers around the world.
HISTORICPROPERTYSIR.COM | WATERFRONTPROPERTYSIR.COM | GOLFPROPERTYSIR.COM
33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com
28
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 Da ys on on Market Mark rket et
Total T otal Sales! Sales! 300 ! 250 ! 200 ! 150 ! 100 ! 50 ! 0!
81 !
257 207
300
248 !
200
125 !
221 182
188 155
Days Da ys on on Market Market
100
on Cumulative Cumulative Days Days on Market Mark rket et
0
Q Q11 2013 Q Q22 2013 Q Q33 2013
Q1 Q1 2013! 2013! Q2 Q2 2013! 2013! Q3 Q3 2013 2013!!
Months Months of of Inventory! Inventory!
N Number umber of of Listings! Listings! 25!! 25
720 ! 700 ! 680 ! 660 ! 640 ! 620 ! 600 ! 580 ! 560 !
20!! 20 15!! 15 10!! 10 5!! 5 0!! 0 Jan! Jun! Jul! Jul! Aug Aug!Sept! !Sept! Ja n! Feb!Mar!Apr!May! Feb!Mar!Apr!May! Jun!
Price Price P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! $950,000 $950, 000 ! $750,000 $750, 000 !
$733, $733,212 212 !
$801,667 $801, 667 !
$741,641 641 ! $741,
$400 !
$351 !
$350 !
$347 !
$300 !
$550,000 $550, 000 ! $200 !
$350, $350,000 000 ! $150, $150,000 000 ! Q1 Q1 2013! 2013!
Q Q22 2013 2013!!
Q3 Q3 2013 2013!!
$100 ! Q11 2013 2013!Q2 !Q2 2013 2013!Q3 !Q3 2013 2013!! Q
List List Prices Prices versus versus Sold Sold Prices! Prices! $1, 000,000 ! $1,000,000 $800, $800,000 000 ! $600,000 $600, 000 !
$849, $849,023 023 ! $788, $788,240 240 ! $733,212 212 !
$931, $931,972 972 ! $860, $860,680 680 ! $801,667 667 !
$838, $838,287 287 ! $797, $797,058 058 ! $741,641 641 !
O Original riginal List List P Price! rice!
$400,000 $400, 000 !
LList ist P rice ! Price
$200,000 $200, 000 !
So ld Price! Price! Sold
$- !
Q1 Q1 2013! 2013!
Q2 Q2 2013 2013!!
Q Q33 2013 2013!!
On the Market
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 30
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 Da ys on on Market Market
Total T otal Sales! Sales! 350 ! 300 ! 250 ! 200 ! 150 !
337 !
150
329 !
100
218 !
81
100 63
88
66
81
50
on Cumulative Cumulative Days Days on Market Mark rket et
0
Q1 Q1 2013!Q2 2013!Q2 2013!Q3 2013!Q3 2013 2013!!
Days Da ys on on Market Market
Q11 2013 Q
Q Q22 2013
Q Q3 3 2013
M Months onths of of Inventory! Inventory!
N Number umber of of Listings! Listings! 680 !
10!! 10
660 !
88!!
640 !
66!!
620 ! 600 !
44!!
580 !
22!!
560 !
00!! Jan! Feb! Feb! Mar! Mar! Apr! Apr! M Jan! May! ay! Jun! Jun! Jul! Jul! Aug Aug!Sept! ! Sept!
Average A verage Sale Sale Price! Price! $500, 000 ! $500,000
$457, $457,177 177 !
$418, $418,930 930 !
Price Price P Per er Sqft! Sqft! $439, $439,600 600 !
$250 !
$400,000 $400, 000 !
$200 !
$300, 000 ! $300,000
$150 !
$200, $200,000 000 ! Q1 Q1 2013! 2013!
Q Q22 2013 2013!!
Q Q33 2013 2013!!
$191 !
$208 !
$195 !
$100 ! Q1 Q1 2013! 2013! Q2 Q2 2013 2013!! Q3 Q3 2013 2013!!
LList ist Prices Prices versus versus Sold Sold Prices! Prices! $500, 000 ! $500,000
$493, $493,739 739 ! 623 ! $485, $485,623
$480, 000 ! $480,000 $460, $460,000 000 ! $440, 000 ! $440,000
$459, $459,592 592 ! $457,177 177 !
$420, 000 ! $420,000
$454, $454,438 438 ! $439,600 600 !
Q1 Q1 2013 2013!!
Q Q22 2013! 2013!
O Original riginal List List P Price! rice! LList ist P rice ! Price So ld Price! Price! Sold
$418,930 930 !
$400, 000 ! $400,000 $380, $380,000 000 !
$432, $432,734 734 ! $433,563 563 !
Q3 Q3 2013 2013!!
On the Market
Featured Property
Gracious Southern living in the charming Old Village of Mt. Pleasant, South Carolina....just minutes away from downtown Charleston and Sullivan`s Island. This 4,205 sq.ft. Charleston Single, located at 429 Whilden, dates back to 1803 and was the town`s first post office. After undergoing an extensive renovation to bring the house and grounds into the 21st century, this historic property was recently featured in the CHARLESTON HOME Magazine. Upon entering the home you are greeted by a formal living room on the right with well-detailed molding and wainscoting, to the left is the formal dining room with views of the outdoors and built-in cabinetry.
429 Whilden Street 5BR/4.5B | 4,205 SqFt $1,645,000 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 32
Rhone-Alpes, France 6BR/2+B 4,306 SqFt $1,498,433 Perle du Lac Sotheby’s International Realty
Waterways and marsh views are a common thread throughout Mount Mt. Pleasant 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 num(North of IOP Connector) ber of water views and lots looking out on open marsh. Enjoy the South Carolina’s pristine Lowcountry waters and wildlife, while remaining Market Facts within only minutes of Downtown Charleston in Mount Pleasant.
Days Da ys on on Market) Mark rket) et)
Total T otal Sales Sales over over $1M! $1M! 450 ! 350 ! 250 !
332 !
150
372 !
79
100
215 !
107
98 65
60
73
50
on Cumulative Cumulative Days Days on Market Mark rket et
0
150 !
Q Q11 2013
Q1 Q1 2013! 2013! Q2 Q2 2013! 2013! Q3 Q3 2013! 2013!
on Market Market Days Da ys on
Q2 Q2 2013
Q Q33 2013
M Months onths of of Inventory! Inventory!
N Number umber of of Listings! Listings! 16 16!! 14!! 14 12!! 12 10!! 10 8!! 8 6!! 6 4!! 4 2!! 2 0!! 0
800 ! 780 ! 760 ! 740 ! 720 ! 700 !
Jan! May! ay! JJun! un! JJul! ul! Aug! Aug! Sept! Sept! Jan! Feb! Feb! Mar! Mar! Apr! Apr! M
P Price rice P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! $400, 000 ! $400,000 $350, 000 ! $350,000 $300, 000 ! $300,000 $250, 000 ! $250,000 $200, 000 ! $200,000 $150, $150,000 000 !
$351, $351,383 383 !
$361, $361,047 047 !
$383,993 $383, 993 !
$160 ! $141 !
$148 !
$155 !
$140 ! $120 ! $100 ! Q Q11 2013 2013!!
Q Q22 2013 2013!!
Q Q11 2013 2013!! Q Q22 2013 2013!! Q Q33 2013 2013!!
Q3 Q3 2013! 2013!
LList ist P Prices rices versus versus Sold Sold Prices Prices ! $400, 000 ! $400,000 $390, 000 ! $390,000 $380, $380,000 000 ! $370, 000 ! $370,000 $360, 000 ! $360,000 $350, 000 ! $350,000
$392, $392,673 673 ! $391, $391,662 662 ! $379, $379,112 112 ! $360, $360,486 486 !
$370, 244 ! $370,244 $368,526 ! $368,
$383,993 993 !
Price LList ist P rice !
$361,047 047 !
Sold So ld Price! Price!
$351,383 383 !
$340, 000 ! $340,000 $330, $330,000 000 !
Q1 Q1 2013 2013!!
O Original riginal List List P Price! rice!
Q2 Q2 2013! 2013!
Q3 Q3 2013 2013!!
Recently Sold
Featured Property
Handsome light-filled deepwater home with stunning views of the Wando River. Main floor has gracious sized rooms, 10’ ceilings, heart pine reclaimed antique floors, large light living room, cook’s eat-in kitchen with island, granite counter tops, 5-burner gas cooktop, warming drawer, Brazilian cherry cabinetry, double Dacor wall ovens, Sub Zero refrigerator, tons of storage, wet bar has wine cooler and refrigerator. The kitchen flows into the family room with fireplace with granite and built-ins. Generous sized dining room with wainscoting. Incredible views from the master bedroom and seal-a-flexed deck (with hot tub), fireplace with gas logs and marble surround. Master bath has marble floors and countertops and Jaccuzzi tub, separate shower, walk-in closet.
2072 Willbrook Lane 5BR/4+B | 6,458 SqFt Sold for $1,500,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Grosseto, Italy 4BR/3B 1,938 SqFt $1,498,433 Tuscany Sotheby’s International Realty
Poulsbo, Washington 4BR/3.5B 4,750 SqFt $1,399,000 Realogics Sotheby’s International Realty 34
Treasure Cay, Bahamas 3BR/2B 2,000 SqFt $1,399,000 Damianos 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 Da ys on on Market Mark rket et
Total T otal Sales! Sales! 20 ! 10 !
9!
266
300
14 !
13 !
200
175
172
235 156
194
on Market Market Days Da ys on
100 0!
Cumulative Cumulative Days Days on on M Market ark rket et
0
Q Q11 2013 2013!Q2 !Q2 2013 2013!Q3 !Q3 2013 2013!!
Q11 2013 Q
Q2 Q2 2013
Q3 Q3 2013
M Months onths of of Inventory! Inventory!
N Number umber of of Listings! Listings! 70 !
35 35!!
60 !
30 30!!
50 !
25!! 25
40 !
20 20!!
30 !
15 15!!
20 !
10 10!!
10 !
55!!
0!
00!! Jan! Jun! JJul! ul! Aug! AugSept !Sept!! Jan! Feb!Mar!Apr!May! Feb!Mar!Apr!May! Jun!
Jan! FFeb!Mar!Apr!May! eb! Mar!Apr!May! Jun! Jan! Jun! JJul! ul! Aug Aug!Sept! !Sept!
Average A verage Sale Sale Price! Price! $2,150,000 $2, 150,000 ! $1,650,000 $1, 650,000 !
$1,470,035 $1, 470,035 !
$1,598,854 $1,598,854 !
P Price rice P Per er Sqft! Sqft! $600 !
$1,819,643 $1, 819,643 !
$569 !
$582 !
$550 ! $500 !
$1,150,000 $1, 150,000 !
$472 !
$450 ! $400 !
$650, $650,000 000 !
Q1 Q1 2013! 2013!
Q Q22 2013! 2013!
Q Q33 2013 2013!!
Q1 2013!Q3 !Q3 2013 2013!! Q1 2013!Q2 2013!Q2 2013
List List Prices Prices versus versus Sold Sold Prices! Prices! $2,500,000 $2, 500,000 ! $1,728,222 728,222 ! $2, $2,000,000 000,000 ! $1, $1, $1,562,200 562,200 !
$1,500,000 $1, 500,000 !
$1, $1,784,154 784,154 ! $1, $1,716,077 716,077 !
$2,015,993 $2, 015,993 ! $1, $1,990,279 990,279 !
$1,598,854 598,854 !
$1,819,643 643 !
LList ist P rice ! Price
$1,470,035 470,035 !
$1,000,000 $1, 000,000 ! $500, $500,000 000 !
O Original riginal List List P Price! rice! So ld Price! Price! Sold
Q1 Q1 2013! 2013!
Q2 Q2 2013 2013!!
Q Q33 2013 2013!!
Recently Sold
Featured Property
This home was magnificently renovated in 2007. It lives like an upscale light-filled beach house should with open spaces, skylights, heart pine floors, bookshelves, vaulted ceilings, screen porches, multiple decks, roof deck with fabulous views and ocean glimpses, a large office (which could be a 5th bedroom), a sunroom, and a large fenced play yard, tons of storage, 3-zone HVAC, 2 Rennai water heaters, and elevator from garage to roof-top deck. You'll love the open kitchen with Caesar stone counter tops and baths and custom cabinets. The master bedroom is terrific with a generous sitting area and outdoor deck.
2902 Brownell Avenue 4BR/3.5B | 3,638 SqFt Sold for $1,622,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Saint George, Maine 3BR/2.5B 2,445 SqFt $1,850,000 Legacy Properties Sotheby’s International Realty
Southern Aegean, Greece 5BR/5B 2,153 SqFt $1,798,120 Greece Sotheby’s International Realty 36
Marlboro, New Jersey 5BR/5B 6,200 SqFt $1,795,000 Heritage House Sotheby’s International Realty
Isle of Palms & Wild Dunes Market Facts
Isle of Palms is an enchanting beach community with grand mansionstyle, 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 Da ys on on Market Mark rket et
Total T otal Sales! Sales! 170 ! 140 ! 110 ! 80 ! 50 ! 20 !
162 !
400
88 !
252
290
241
319 207
258
Days Da ys on on Market Market
200
45 !
Cum Cumulative ulative Days Days on on Market Mark rket et
0
Q Q11 2013 2013!!Q2 2013 2013!!Q3 2013 2013!!
Q11 2013 Q
Q2 Q2 2013
Q3 Q3 2013
M Months onths of of Inventory! Inventory!
N Number umber of of Listings! Listings! 35 35!!
400 ! 390 ! 380 ! 370 ! 360 ! 350 ! 340 ! 330 ! 320 !
30 30!! 25 25!! 20 20!! 15! 15! 10! 10! 55!! 00!! Jan! Jun! Jul! Jul! Aug Aug!Sept! !Sept! Ja n! FFeb!Mar!Apr!May! eb! Mar!Apr!May! Jun!
P Price rice P Per er Sqft! Sqft!
Average A verage Sale Sale Price! Price! $850,000 $850, 000 !
$400 !
$761, $761,156 156 !
$715,970 ! $715,
$750, 000 ! $750,000 $625,349 $625, 349 !
$650,000 $650, 000 !
$358 !
$363 !
$354 !
Q11 2013 2013!! Q
Q22 2013 2013!! Q
Q33 2013 2013!! Q
$350 ! $300 !
$550, 000 ! $550,000 $450,000 $450, 000 ! Q Q11 2013 2013!!
Q2 Q2 2013 2013!!
Q Q33 2013 2013!!
$250 !
LList ist P Prices rices versus versus Sold Sold Prices! Prices! $1,200,000 $1, 200,000 ! $1,000,000 $1, 000,000 ! $800, $800,000 000 !
$1, $1,045,342 045,342 ! 933 ! $825, $825,933 $761,156 156 !
$600,000 $600, 000 ! $400, $400,000 000 !
$1, 016,676 ! $1,016,676
$915, $915,153 153 !
$780, $780,184 184 ! 384 ! $681, $681,384 $625,349 349 !
Q1 Q1 2013! 2013!
Q2 Q2 2013 2013!!
O Original riginal List List P Price! rice! Price LList ist P rice !
$715,970 970 !
Q Q33 2013 2013!!
Sold Sold Price! Price!
Recently Sold
Featured Property
This four bedroom beachfront home provides an incredible opportunity to own a primary residence, family beach house or investment property on the beautiful coast of Isle of Palms. The open floor plan provides spectacular views, bright rooms and comfortable living. Sea Oats Club is private community consisting of twelve individually owned homes, a community pool and a community walkway to the beach.
12 Surf Lane 4BR/3.5B | 2,210 SqFt Sold for $1,585,000 Daniel Ravenel Sotheby’s International Realty
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33 Broad Street Charleston, SC 29401 O: 843.723.7150 | F: 843.723.7494
Daniel Ravenel Sotheby’s International Realty 33 Broad Street Charleston, SC 29401 O: 843.723.7150 | F: 843.723.7494 www.DanielRavenelSIR.com
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