Quarter 1 2017 CHARLESTON, SC MARKET UPDATE W est A shley | J ames I sland | F olly B each | J ohns I sland | K iawah I sland | S eabrook I sland | M t . P leasant | S ullivan ’ s I sland | I sle of P alms | W ild D unes | D aniel I sland | N orth C harleston | D ewees I sland | S ummerville | D owntown C harleston | A nsonborough | C annonborough | F rench Q uarter | H arleston V illage | H ampton P ark | W agener T errace | R adcliffeborough | S outh of B road | W raggsborough
Section 1: Charleston Area
JOHNS ISLAND AND WADMALAW ISLAND
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales A stunning contrast to more developed areas of Charleston, Johns Island is truly a diamond in the rough. One only needs to drive the lovely scenic roads to discover the charm of its maritime forests and unspoiled natural beauty. The second largest island on the East Coast, second only to Long Island NY. Johns Island was traditionally a planting community for early settlers of Charlestowne.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 135
2016 $150.58
2016 66
2016 $317,799
2017 122
2017 $169.28
2017 80
2017 $334,618
Our Firm’s Johns Island and Wadmalaw Listings: 1205 Turning Leaf Drive 3940 Chisolm Road The Farms at Brickhouse Plantation 1604 Bernier Commons 4996 Maybank Highway 3906 Betsy Kerrison Parkway
3906 BETSY KERRISON PARKWAY
$499,000 $3,900,000 $2,500,000 $159,000 $899,000 $1,675,000
JAMES ISLAND AND FOLLY BEACH
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales A well established community, James Island is located west of downtown Charleston, separated from West Ashley by the Stono River. This area offers a large selection of moderately priced single family homes, as well as apartments and condominiums. In exploring James Island, one will find numerous gems with deep water docks, along with moderately sized homes framed by ancient oaks and magnolia trees.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 234
2016 $189.58
2016 70
2016 $324,440
2017 268
2017 $203.50
2017 66
2017 $367,025
Our Firm’s James Island and Folly Beach Listings: 700 Daniel Ellis Drive, 4201 902 Parrot Creek Way 672 Ellis Oak Drive
672 ELLIS OAK DRIVE
$163,000 $619,000 $3,395,000
WEST ASHLEY (INSIDE I-526)
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales West Ashley is located across the Ashley River, directly west of Downtown Charleston, and it is one of the earliest suburbs in the area, West Ashley offers a number of historic neighborhoods built in the mid 20th century. Well located, being just minutes from downtown, West Ashley offers an array of moderately priced, often brick homes on ample sized lots, some on the water with marsh views.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 133
2016 $158.44
2016 58
2016 $268,103
2017 124
2017 $185.76
2017 49
2017 $306,326
Our Firm’s West Ashley Listings: 1505 Hurtes Island Drive 13 Johnson Road 111 Folly Road 1134 Davidson Avenue
1505 HURTES ISLAND DRIVE
$1,395,000 $5,495,000 $1,495,000 $289,500
WEST ASHLEY (OUTSIDE I-526)
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 235
2016 $128.13
2016 48
2016 $253,182
2017 249
2017 $134.76
2017 44
2017 $256,133
Our Firm’s West Ashley Listing: 2200 Fragrant Lane
MIDDLETON PLACE
$239,900
RURAL WEST ASHLEY
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 46
2016 $169.89
2016 144
2016 $425,003
2017 41
2017 $141.03
2017 101
2017 $356,791
Our Firm’s Rural West Ashley Listings: 4915 Pointe Pleasant Lane 5031 Old York Course
5031 OLD YORK COURSE
$1,950,000 $1,750,000
NORTH CHARLESTON (INSIDE I-526)
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales North Charleston is an economic center of South Carolina, and houses some major players such as Boeing, Bosch and the Military complex including the Air Force Base. North Charleston is home to the newly renovated Charleston International Airport, the North Charleston Colliseum, which attracts major performers, and the Tanger Outlet shopping mall. With a flurry of economic activity, North Charleston offers affordable housing options throughout its large reach across the upper Peninsular area. With the intersection of the I-526 beltway and I-26, North Charleston enjoys easy access to all areas of Greater Charleston.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 86
2016 $116.69
2016 51
2016 $172,765
2017 80
2017 $140.01
2017 60
2017 $213,619
NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 233
2016 $97.18
2016 50
2016 $162,649
2017 234
2017 $104.38
2017 40
2017 $172,680
KIAWAH ISLAND AND SEABROOK ISLAND
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales Kiawah Island is a privately owned beach and golf resort located on a barrier island 15 miles south of Charleston, South Carolina. The island is lined with 10 miles of pristine beaches and approximately 10,000 acres of natural woodlands. Seabrook Island, wholly owned by its residents, is also a gated island which offers lush maritime forests, a top rate tennis facility, two championship golf courses and a full service equestrian center. Seabrook also offers one of the widest beaches on the East Coast. *sales comparisons do not include properties listed and sold by Kiawah Island Real Estate, a non-MLS company
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 55
2016 $284.38
2016 245
2016 $634,756
2017 55
2017 $324.01
2017 274
2017 $723,841
Our Firm’s Kiawah and Seabrook Island Listings: 3031 Maritime Forest Drive 123 Halona Lane 119 Halona Lane 141 Halona Lane 125 Halona Lane 129 Halona Lane 109 Flyway Drive 159 Nicholas Carteret Circle 330 Moon Tide Lane 2628 Seabrook Island Road 1161 Oyster Catcher Court 2731 Jenkins Point Road 3147 Marshgate Drive 109 FLYWAY DRIVE
$695,000 $1,995,000 $2,295,000 $2,450,000 $3,100,000 $3,225,000 $12,500,000 $399,000 $749,000 $735,000 $4,000,000 $3,999,999 $5,495,000
SULLIVAN’S ISLAND
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales Just past the fabulous shopping and dining in Mount Pleasant sits historic Sullivan’s Island. This beachfront community is steeped in tradition, and has a deep respect for nature. Homes range in price and run from large beach front mansions to smaller deep water homes accessing the Intracoastal Waterway.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 14
2016 $493.38
2016 125
2016 $1,351,607
2017 12
2017 $572.45
2017 146
2017 $1,842,750
Our Firm’s Sullivan’s Island Listing: 1311 Cove Avenue
SULLIVANS ISLAND
$2,850,000
MT. PLEASANT (SOUTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales
Mt. Pleasant is located just north of downtown Charleston, and has many lovely homes in varied price ranges. Originally accessed via ferry and later two bridges, Mt. Pleasant is now a quick zip over the Arthur Ravenel Bridge, completed in 2006. With this ease of access, Mt. Pleasant is quickly becoming the most popular spot for new residents in the Charleston area. Mt. Pleasant is one of the fastest growing suburbs in the entire country.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 233
2016 $233.27
2016 73
2016 $526,723
2017 278
2017 $251.65
2017 70
2017 $501,911
Our Firm’s Mt. Pleasant Listings: 1665 Marsh Harbor Lane, B 796 Natchez Circle 924 Beresford Court, E 1600 Long Grove Drive, 1117
RAVENEL BRIDGE
$510,000 $379,900 $260,000 $214,900
MT. PLEASANT (NORTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 301
2016 $178.64
2016 78
2016 $416,314
2017 306
2017 $186.06
2017 84
2017 $438,038
Our Firm’s Mt. Pleasant Listings: 2073 Shell Ring Circle 1330 Old Ivy Way 2745 Rush Haven Drive
$1,199,000 $525,000 $239,000
WANDO AND C AINHOY
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 57
2016 $155.59
2016 48
2016 $350,982
2017 52
2017 $163.51
2017 51
2017 $344,930
WILD DUNES AND ISLE OF PALMS
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales Originally known as “Long Island,” the Isle of Palms is one of Charleston’s premier beach communities. From smaller beach bungalows to luxury beach retreats well over a million dollars, the Isle of Palms has it all. Originally developed in the early 20th century as a beachfront with one hotel, and built up in the mid 20th Century, the Isle of Palms has blossomed into a full resort destination. Wild Dunes is a renowned community situated at the north end of the island and offers its residents innumerable amenities including tennis, clubhouses, and several world renowned golf courses right on the Intracoastal Waterway.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 54
2016 $379.23
2016 244
2016 $964,933
2017 81
2017 $411.52
2017 162
2017 $788,837
Our Firm’s Wild Dunes and Isle of Palms Listings: 25 23rd Avenue 2401 Waterway Boulevard 48 Seagrass Lane 11 Morgan Place Drive
11 MORGAN PLACE DRIVE
$649,000 $5,300,000 $1,849,500 $1,695,000
DEWEES ISLAND
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales Dewees Island is a secluded barrier island tucked away off the Intracoastal Waterway just north of the Isle of Palms. This private residential community is dedicated to preserving natural resources, and was founded on deep respect and harmony with nature. Dewees Island is a private island paradise that is only accessible to property owners, their guests, and potential buyers. This community was designed to preserve the island’s natural state, so many of the homes are almost inperceptible behind the trees when viewed from the inlet. Even when Dewees Island is fully developed, over 95% of the island will remain in its natural state. Only 150 homes sites will ever be available, and only a handful remain.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 0
2016 $0
2016 0
2016 $0
2017 3
2017 $344.51
2017 454
2017 $1,178,333
Our Firm’s Dewees Island Listing: 171 Dewees Inlet Drive
171 DEWEES INLET DRIVE
$2,495,000
DANIEL ISLAND
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales Daniel Island is located to the northwest of Mount Pleasant, and is accessed via 526. Separated from Mount Pleasant by the Wando River, Daniel Island is one of the newest areas of Charleston. A fully self contained area of Charleston, Daniel Island is home to shops, restaurants, and sports complexes such as the MUSC Health Stadium where the Charleston Battery Soccer Team plays and the Family Circle Tennis Stadium, where the Volvo Car Open is held. Daniel Island is bustling with economic growth and increasing home sales.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 53
2016 $250.27
2016 54
2016 $682,701
2017 59
2017 $253.12
2017 59
2017 $700,381
Our Firm’s Daniel Island Listings: 233 King George Street 185 River Green Place 720 Island Park Drive, 101 240 Chimney Back Street
720 ISLAND PARK DRIVE 101
$2,749,000 $1,395,000 $1,065,000 $290,000
RIVERSID E
Section 2: Downtown Charleston MT. PLEASANT
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33 Bro ad St re e t | Char leston, SC 29401 843-723-7150 | www.Danie lRavene lSIR.com
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The Battery White Point Gardens
Downtown Charleston
DOWNTOWN CHARLESTON (BELOW CROSSTOWN)
Downtown Charleston Neighborhoods | Q1 2016 vs Q1 2017 | Single Family Home Sales Located on the peninsula between the Ashley and Cooper Rivers, Downtown Charleston is a bustling pedestrian city full of artists, businesspeople, students, and families. Cobblestone streets lined with crepe myrtles and oaks lead to winding alleys full of colorful architectyre and historical significance. The famous mansions and gardens hide behind walls and iron gates, and magnificent historical churches and landmarks attract visitors from all over the world.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 83
2016 $393.59
2016 109
2016 $748,373
2017 112
2017 $453.49
2017 109
2017 $933,866
Our Firm’s Downtown Charleston Listings: 33 Calhoun Street, 218 33 Calhoun Street, 141 12 George Street, B6 59 Barre Street, A 71 Anson Street 53 East Bay Street, C 109 East Bay Street, 1A 1 Battery Place 52 Ashe Street 24 Charlotte Street, B 78 Murray Boulevard 2 Marion Street
$720,000 $755,000 $599,000 $1,595,000 $5,500,000 $950,000 $740,000 $1,585,000 $680,000 $585,000 $3,600,000 $675,000
CHARLESTON PENINSULA
DOWNTOWN CHARLESTON (ABOVE CROSSTOWN)
Downtown Charleston Neighborhoods | Q1 2016 vs Q1 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 33
2016 $235.51
2016 74
2016 $365,060
2017 45
2017 $283.15
2017 81
2017 $459,775
RUTLEDGE AVENUE | HAMPTON PARK
AVERAGE SALES PRICE
SOUTH OF BROAD
Downtown Charleston Neighborhoods | Q1 2016 vs Q1 2017 | Single Family Home Sales This area is defined as the lower section of the peninsula located to the south of Broad Street, a main thoroughfare bisecting the oldest part of the city. Broad Street houses many businesses including banks and real estate offices, as well as a large collection of art galleries. Just past Broad Street heading south are some of the stateliest historical mansions in South Carolina.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 11
2016 $561.03
2016 112
2016 $1,474,818
2017 22
2017 $576.19
2017 150
2017 $1,831,845
Our Firm’s South of Broad Listings: 53 East Bay Street, C 109 East Bay Street, 1A 1 Battery Place 78 Murray Boulevard
78 MURRAY BOULEVARD
$950,000 $740,000 $1,585,000 $3,600,000
HARLESTON VILLAGE
Downtown Charleston Neighborhoods | Q1 2016 vs Q1 2017 | Single Family Home Sales Located to the southwest of downtown, Harleston Village is a diverse and vibrant area of Charleston. Originally owned by the widow Harleston, who created today’s neighborhoods and streets from her husbands farm land. One of the larger downtown neighborhoods, Harleston Village is minutes from The Battery and home to Colonial Lake, Cannon Park, Moultrie Park, and the City Marina.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 20
2016 $400.51
2016 106
2016 $719,732
2017 14
2017 $418.98
2017 175
2017 $836,786
HALSEY PARK $1,600,000+
AVERAGE SALES PRICE
FRENCH QUARTER
Downtown Charleston Neighborhoods | Q1 2016 vs Q1 2017 | Single Family Home Sales The French Quarter is well known in downtown Charleston for its cobblestone streets, lovely alleys and unique historical homes. Originally named for the large concentration of French Huguenots living here, the French Quarter has no lack of charms with the famous Church Street, Queen Street and fabulous renovated warehouses and pre-Revolutionary buildings.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 8
2016 $555.02
2016 146
2016 $482,519
2017 7
2017 $739.21
2017 126
2017 $1,108,000
CHALMERS STREET | FRENCH QUARTER
AVERAGE SALES PRICE
ANSONBOROUGH
Downtown Charleston Neighborhoods | Q1 2016 vs Q1 2017 | Single Family Home Sales Ansonborough is defined as the area between King and East Bay and George and Pinckney Streets just north of the historic market and Custom House. Rebuilt after the great fire of 1836, Ansonborough was the city’s first suburb and boasts some impressive historic homes which have undergone extensive restorations thanks to the work of the Historic Charleston Foundation.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 2
2016 $634.55
2016 28
2016 $2,362,500
2017 5
2017 $376.66
2017 73
2017 $752,300
Our Firm’s Ansonborough Listings: 12 George Street, B6 71 Anson Street
$599,000 $5,500,000
71 ANSON STREET
RADCLIFFEBOROUGH
Downtown Charleston Neighborhoods | Q1 2016 vs Q1 2017 | Single Family Home Sales Radcliffeborough is an area north of Harleston Village and offers some of the hippest new restaurants and bars located on Upper King Street. St Phillip Street is the main hub of the College of Charleston, with its 10,000 undergrad students. This area of Charleston is experiencing a large construction and development surge with many new hotels opening and under construction. In addition to hotels, condo buildings are being built here at a rapid rate, increasing the number of rooms available on the Peninsula and demanding top dollar rents for the new construction residences.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 4
2016 $361.65
2016 96
2016 $550,000
2017 6
2017 $425.98
2017 49
2017 $890,000
COLLEGE OF CHARLESTON
AVERAGE SALES PRICE
C ANNONBOROUGH - ELLIOTTBOROUGH
Downtown Charleston Neighborhoods | Q1 2016 vs Q1 2017 | Single Family Home Sales Cannonborough and Elliotborough are located above Morris and Bee Streets on the Peninsula and house a large portion of Charleston’s student population. Well located for walking access to the College of Charleston, Medical University and also to Upper King Street’s restaurants and bars, this area is a lively urban mix of age groups.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 7
2016 $251.87
2016 69
2016 $503,579
2017 5
2017 $369.13
2017 60
2017 $582,300
Our Firm’s Elliotborough Listing:: 52 Ashe Street
CHARLESTON PENINSULA SKYLINE
$680,000
WAGENER TERRACE AND HAMPTON PARK
Downtown Charleston Neighborhoods | Q1 2016 vs Q1 2017 | Single Family Home Sales Wagener Terrace is a suburban area located on the upper Charleston peninsula, with numerous well located, moderately priced homes. Many young families are calling Wagener Terrace home due to the proximity to highways, downtown Charleston, and easy access to West Ashley, Mt. Pleasant, and North Charleston. Within the same footprint is Hampton Park which gains its name from the large green space in its center which was a world fair site in 1900.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 12
2016 $212.75
2016 61
2016 $405,025
2017 8
2017 $270.60
2017 64
2017 $497,925
HAMPTON PARK
AVERAGE SALES PRICE
MAZYCK-WRAGGBOROUGH
Downtown Charleston Neighborhoods | Q1 2016 vs Q1 2017 | Single Family Home Sales Wraggborough is an area north of Ansonborough which features lovely ancient oaks and parks alongside well constructed, historic homes in a variety of price ranges. Originally owned by the Wragg family and divided among the descendents, it is home to the Charleston Museum which is the oldest museum in America.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 1
2016 $258.40
2016 49
2016 $815,000
2017 3
2017 $307.67
2017 152
2017 $911,667
WRAGGBOROUGH GARDEN
AVERAGE SALES PRICE
33 BROAD STREET CHARLESTON, SC 29401 843.723.7150 DANIELRAVENELSIR.COM