Q1 2018 Market Update

QUARTER 1 2018 CHARLESTON, SC MARKET UPDATE

West Ashley, James Island, Folly Beach, Johns Island, Kiawah Island Seabrook Island, Mount Pleasant, Sullivan’s Island, Isle of Palms Wild Dunes, Daniel Island, North Charleston, Dewees Island Summerville, Downtown Charleston, Ansonborough, Cannonborough French Quarter, Harleston Village, Hampton Park, Wagener Terrace Radcliffeborough, South of Broad, Wraggsborough

Quarter 1 Market Update Section 1: Charleston Area

Featured Properties

109 Flyway Drive Offered at $11,500,000 2619 Bayonne Street Offered at $8,250,000 13 Johnson Road Offered at $4,695,000 71 Anson Street Offered at $5,500,000

JOHNS IS LAND AND WADMALAW IS LAND Greater Charleston Area | Q1 2017 vs Q1 2018 | 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

2017 123

2017 $169.57

2017 80

2017 $337,447

2018 201

2018 $163.43

2018 60

2018 $355,548

OUR FIRM’S JOHNS ISLAND & WADMALAW LISTINGS

3940 Chisolm Road $2,950,000 3 Martins Point Road $1,195,000 4996 Maybank Hwy $799,000 2632 Colonel Harrison Drive $448,000

JAMES IS LAND AND FOLLY BEACH Greater Charleston Area | Q1 2017 vs Q1 2018 | 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

2017 272

2017 $203.84

2017 65

2017 $370,082

2018 260

2018 $210.25

2018 53

2018 $373,908

OUR FIRM’S JAMES ISLAND AND FOLLY BEACH LISTINGS

672 Ellis Oak Drive $3,395,000 114 W Ashley Avenue B301 $755,000 2142 Golfview Drive $600,000 624 Harbor Creek Place 12 $449,000 1025 Riverland Woods Place 702 $248,000

WEST ASHLEY (INSIDE I-526) Greater Charleston Area | Q1 2017 vs Q1 2018 | 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

2017 124

2017 $185.76

2017 49

2017 $306,326

2018 123

2018 $192.77

2018 43

2018 $341,339

OUR FIRM’S WEST ASHLEY (INSIDE 1-526) LISTINGS

13 Johnson Road $4,695,000 8 Johnson Road

(Under Contract) $1,895,000

1505 Hurtes Island Drive $1,195,000 55 Shrewsbury Road $624,995

WEST ASHLEY (OUTSIDE I-526) Greater Charleston Area | Q1 2017 vs Q1 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 249

2017 $134.67

2017 44

2017 $256,013

2018 268

2018 $144.82

2018 49

2018 $279,761

OUR FIRM’S WEST ASHLEY (OUTSIDE 1-526) LISTINGS

1635 Bull Creek Lane $1,225,000 2108 Rookery Lane $634,000 2221 Egret Crest Lane $159,900

RURAL WEST ASHLEY Greater Charleston Area | Q1 2017 vs Q1 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 41

2017 $141.03

2017 101

2017 $356,791

2018 32

2018 $168.14

2018 118

2018 $429,204

OUR FIRM’S RURAL WEST ASHLEY LISTINGS

5031 Old York Course

(Under Contract) $1,695,000

NORTH CHARLESTON (INSIDE I-526) Greater Charleston Area | Q1 2017 vs Q1 2018 | 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

2017 80

2017 $140.01

2017 60

2017 $213,619

2018 91

2018 $145.64

2018 38

2018 $223,417

NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Greater Charleston Area | Q1 2017 vs Q1 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 234

2017 $104.35

2017 40

2017 $172,680

2018 159

2018 $112.45

2018 43

2018 $170,267

OUR FIRM’S NORTH CHARLESTON/SUMMERVILLE LISTINGS 4628 Sunny Lane

(Under Contract) $275,000

KIAWAH IS LAND AND SEABROOK IS LAND Greater Charleston Area | Q1 2017 vs Q1 2018 | 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

2017 55

2017 $322.90

2017 273

2017 $714,705

2018 47

2018 $243.51

2018 236

2018 $557,213

OUR FIRM’S KIAWAH ISLAND AND SEABROOK ISLAND LISTINGS 109 Flyway Drive

$11,500,000

212 Ocean Marsh

$3,925,000

121 Halona Lane

$3,195,000

125 Halona Lane

$3,095,000

565 Bufflehead Drive

$2,495,000

119 Halona Lane

$2,295,000

123 Halona Lane

$1,950,000

5511 Cypress Cottage Lane

$1,775,000

1328 Pelican Watch

$345,000

1357 Pelican Watch

$305,900

4260 Mariners Watch

$268,000

1701 Live Oak Park

$175,000

174 High Hammock Road

(Under Contract) $127,500

SULLIVANS ISLAND Greater Charleston Area | Q1 2017 vs Q1 2018 | 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

2017 12

2017 $572.45

2017 146

2017 $1,842,750

2018 13

2018 $701.08

2018 141

2018 $2,107,904

OUR FIRM’S SULLIVANS ISLAND LISTINGS

2619 Bayonne Street $8,250,000 2102 Atlantic Avenue $2,950,000 1301 Cove Avenue $2,350,000

MT. PLEASANT (SOUTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q1 2017 vs Q1 2018 | 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

2017 281

2017 $251.15

2017 71

2017 $499,955

2018 256

2018 $259.18

2018 63

2018 $533,569

OUR FIRM’S MT. PLEASANT (SOUTH OF IOP CONNECTOR) LISTINGS

269 Indigo Bay Circle $1,095,000 1114 Spyglass Point $975,000 220 Ponsbury Road

(Under Contract) $795,000

337 N Civitas $735,000

MT. PLEASANT (NORTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q1 2017 vs Q1 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 307

2017 $186.08

2017 84

2017 $439,051

2018 276

2018 $192.87

2018 82

2018 $490,567

OUR FIRM’S MT. PLEASANT (NORTH OF IOP CONNECTOR) LISTINGS

3618 Coastal Crab Road $1,399,000 2073 Shell Ring Circle $1,150,000

WILD DUNES AND IS LE OF PALMS Greater Charleston Area | Q1 2017 vs Q1 2018 | 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

2017 82

2017 $413.36

2017 162

2017 $782,566

2018 87

2018 $456.22

2018 153

2018 $985,034

OUR FIRM’S WILD DUNES AND ISLE OF PALMS LISTINGS

2602 Palm Boulevard

(Under Contract) $4,500,000

11 Morgan Place Drive $1,475,000 3 39th Avenue $682,000 103 D Port O Call Drive $415,000

DEWEES ISLAND Greater Charleston Area | Q1 2017 vs Q1 2018 | 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 imperceptible 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

2017 3

2017 $344.51

2017 454

2017 $1,178,333

2018 0

2018 $0

2018 0

2018 $0

OUR FIRM’S DEWEES ISLAND LISTINGS

171 Dewees Inlet Drive $2,495,000

DANIEL IS LAND Greater Charleston Area | Q1 2017 vs Q1 2018 | 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

2017 59

2017 $253.12

2017 59

2017 $700,831

2018 81

2018 $251.80

2018 134

2018 $713,303

WANDO AND CAINHOY Greater Charleston Area | Q1 2017 vs Q1 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 52

2017 $163.51

2017 51

2017 $344,930

2018 52

2018 $160.37

2018 46

2018 $329,033

OUR FIRM’S WANDO AND CAINHOY LISTINGS 1200 Palm Cove Drive $259,000

Quarter 1 Market Update Section 2: Downtown Charleston

DOWNTOWN CHARLESTON (INSIDE CROSSTOWN) Downtown Charleston Neighborhoods | Q1 2017 vs Q1 2018 | 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 architecture 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

2017 112

2017 $453.49

2017 109

2017 $933,866

2018 106

2018 $461.96

2018 113

2018 $939,673

DOWNTOWN CHARLESTON (OUTSIDE CROSSTOWN) Downtown Charleston Neighborhoods | Q1 2017 vs Q1 2018 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2017 45

2017 $283.15

2017 81

2017 $459,775

2018 54

2018 $298.13

2018 61

2018 $467,473

OUR FIRM’S DOWNTOWN CHARLESTON LISTINGS

71 Anson Street $5,500,000 39 Society Street (Under Contract) $2,300,000 61 Barre Street A $1,995,000 176/178 Broad Street $1,995,000 68 King Street (Under Contract) $1,952,500 166 Wentworth Street $1,950,000 12 Tradd Street $1,750,000 59 Barre Street B (Under Contract) $1,605,000 165 Tradd Street $1,350,000 12 Ashley Avenue $949,500 109 E Bay Street 1-B $895,000 33 Calhoun Street 141 $755,000 180 Broad Street C $735,000 77 Bull Street $675,000 55 Ashley Avenue #16 $524,000 81 Bull Street $495,000 79 Bull Street $475,000 173 Rutledge Avenue S $429,000

SOUTH OF BROAD Downtown Charleston Neighborhoods | Q1 2017 vs Q1 2018 | 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

2017 22

2017 $576.19

2017 150

2017 $1,831,845

2018 30

2018 $604.06

2018 147

2018 $1,693,514

HARLESTON VILLAGE Downtown Charleston Neighborhoods | Q1 2017 vs Q1 2018 | 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 husband’s 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

AVERAGE SALES PRICE

2017 19

2017 $415.19

2017 158

2017 $870,474

2018 19

2018 $461.88

2018 102

2018 $757,986

FRENCH QUARTER Downtown Charleston Neighborhoods | Q1 2017 vs Q1 2018 | 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

AVERAGE SALES PRICE

2017 7

2017 $739.21

2017 126

2017 $1,108,000

2018 4

2018 $562.15

2018 81

2018 $1,115,750

ANSONBOROUGH Downtown Charleston Neighborhoods | Q1 2017 vs Q1 2018 | 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

2017 7

2017 $436.06

2017 99

2017 $933,071

2018 6

2018 $532.33

2018 60

2018 $906,833

RADCLIFFEBOROUGH Downtown Charleston Neighborhoods | Q1 2017 vs Q1 2018 | 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

AVERAGE SALES PRICE

2017 13

2017 $416.23

2017 35

2017 $696,908

2018 11

2018 $375.14

2018 149

2018 $694,148

CANNONBOROUGH - ELLIOTTBOROUGH Downtown Charleston Neighborhoods | Q1 2017 vs Q1 2018 | 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

2017 6

2017 $370.79

2017 66

2017 $577,750

2018 8

2018 $367.40

2018 83

2018 $505,125

WAGENER TERRACE AND HAMPTON PARK Downtown Charleston Neighborhoods | Q1 2017 vs Q1 2018 | 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

AVERAGE SALES PRICE

2017 8

2017 $270.60

2017 64

2017 $497,925

2018 16

2018 $308.76

2018 47

2018 $518,409

MAZYCK-WRAGGBOROUGH Downtown Charleston Neighborhoods | Q1 2017 vs Q1 2018 | 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

AVERAGE SALES PRICE

2017 3

2017 $307.67

2017 152

2017 $911,667

2018 0

2018 $0

2018 0

2018 $0

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