Quarter 1 2022 Market Report | Charleston

2022 FIRST QUARTER

MARK ET REPO RT CHARLESTON AREA

Featured Properties COVER HOME

165 1/2 Broad Street, Charleston | Sold at $1,250,00

330 Concord Street 14D, Charleston | Sold at $1,125,000

121 Halona Lane, Kiawah Island | Sold at $3,450,000

The Overview Q1 2022 vs Q1 2021

The Lowcountry NUMBER OF SALES

2,860

^

41 .4% AVERAGE DAYS ON MARKET

33

^

49.2% AVERAGE SOLD PRICE PER SQFT

$425.45 31.% 1

^

AVERAGE SALES PRICE

$957,555.72

^

23.5%

LIST TO SALES PRICE RATIO

98.75%

^

1.56%

Q1 2022 Market Report Section 1: Charleston Area

JOHNS ISLAND AND WADMALAW ISLAND Residential Sales | Greater Charleston Area

NUMBER OF SALES

209

299

30.1%

2022

2021

AVERAGE DAYS ON MARKET

23

42

45.2%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$261.73

35.5% $193.15 2021

2022

AVERAGE SALES PRICE

$603,875 2022

31.1%

$460,525 2021

LIST TO SALES PRICE RATIO

100.41% 2022

2.15%

98.26% 2021

JAMES ISLAND AND FOLLY BEACH Residential Sales | Greater Charleston Area

NUMBER OF SALES

251

282

11.0%

2022

2021

AVERAGE DAYS ON MARKET

22

36

38.9%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$368.1

29.4% $284.44 2021

2022

AVERAGE SALES PRICE

$616,807 2022

24.1%

$497,058 2021

LIST TO SALES PRICE RATIO

100.31% 2022

2.16%

98.16% 2021

WEST ASHLEY (INSIDE I-526) Residential Sales | Greater Charleston Area

NUMBER OF SALES

172

178

3.4%

2022

2021

AVERAGE DAYS ON MARKET

23

39

41.0%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$286.01

28.0% $223.48 2021

2022

AVERAGE SALES PRICE

$486,670 2022

29.5%

$375,765 2021

LIST TO SALES PRICE RATIO

101.13% 2022

2.71%

98.42% 2021

WEST ASHLEY (OUTSIDE I-526) Residential Sales | Greater Charleston Area

NUMBER OF SALES

273

244

11.9%

2022

2021

AVERAGE DAYS ON MARKET

15

25

40.0%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$205.85

$170.2

20.9%

2022

2021

AVERAGE SALES PRICE

$382,683 2022

15.5%

$331,314 2021

LIST TO SALES PRICE RATIO

100.60% 2022

1.71%

98.89% 2021

RURAL WEST ASHLEY

Residential Sales | Greater Charleston Area NUMBER OF SALES

38

41

7.3%

2022

2021

AVERAGE DAYS ON MARKET

57

51

11.8%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$239.47

28.7% $186.12 2021

2022

AVERAGE SALES PRICE

$522,202 2022

13.0% $461,983 2021

LIST TO SALES PRICE RATIO

98.26% 2022

0.47%

98.74% 2021

SUMMERVILLE

Residential Sales | Greater Charleston Area NUMBER OF SALES

476

516

7.8%

2022

2021

AVERAGE DAYS ON MARKET

18

26

30.8%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$172.3

$141.78

21.5%

2022

2021

AVERAGE SALES PRICE

$375,159 2022

19.4%

$314,154 2021

LIST TO SALES PRICE RATIO

100.19% 2022

.70%

99.49% 2021

NORTH CHARLESTON (INSIDE I-526) Residential Sales | Greater Charleston Area

NUMBER OF SALES

123

116

6.0%

2022

2021

AVERAGE DAYS ON MARKET

19

44

56.8%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$220.63

21.8% $181.12 2021

2022

AVERAGE SALES PRICE

$309,207 2022

20.6%

$256,306 2021

LIST TO SALES PRICE RATIO

99.89% 2022

1.04%

98.85% 2021

NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Residential Sales | Greater Charleston Area

NUMBER OF SALES

257

256

0.4%

2022

2021

AVERAGE DAYS ON MARKET

12

24

50.0%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$172.46

$142.81

20.8%

2022

2021

AVERAGE SALES PRICE

$264,366 2022

18.3%

$223,466 2021

LIST TO SALES PRICE RATIO

100.52% 2022

1.20%

99.32% 2021

KIAWAH ISLAND

Residential Sales | Greater Charleston Area NUMBER OF SALES

31

44

29.5%

2022

2021

AVERAGE DAYS ON MARKET

51

140

63.6%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$714.33

32.6%

2022

$538.54 2021

AVERAGE SALES PRICE

$2,014,774 2022

78.9%

$1,126,415 2021

LIST TO SALES PRICE RATIO

99.12% 2022

3.14%

View Kiawah Island Listings

95.98% 2021

Kiawah Island stats from Charleston MLS only

SEABROOK ISLAND

Residential Sales | Greater Charleston Area NUMBER OF SALES

55

44

25.0%

2022

2021

AVERAGE DAYS ON MARKET

32

141

77.3%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$440.22

34.2%

2022

$328.08 2021

AVERAGE SALES PRICE

$927,438 2022

35.8%

$683,085 2021

LIST TO SALES PRICE RATIO

97.99% 2022

1.22%

96.77% 2021

SULLIVAN’S ISLAND

Residential Sales | Greater Charleston Area NUMBER OF SALES

13

10

30.0%

2022

2021

AVERAGE DAYS ON MARKET

61

157

61.1%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$1470.64 2022

40.4% $1047.7 2021

AVERAGE SALES PRICE

$3,971,548 2022

14.2%

$3,476,278 2021

LIST TO SALES PRICE RATIO

97.27% 2022

1.06%

96.21% 2021

ISLE OF PALMS/WILD DUNES Residential Sales | Greater Charleston Area

NUMBER OF SALES

75

109

31.2%

2022

2021

AVERAGE DAYS ON MARKET

38

96

60.4%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$763.29

$525.45

45.3%

2022

2021

AVERAGE SALES PRICE

$1,530,065 2022

22.0%

$1,253,727 2021

LIST TO SALES PRICE RATIO

98.43% 2022

1.73%

96.70% 2021

MT. PLEASANT (SOUTH OF IOP CONNECTOR) Residential Sales | Greater Charleston Area

NUMBER OF SALES

253

353

28.3%

2022

2021

AVERAGE DAYS ON MARKET

12

42

71.4%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$411.38

33.1% $309.15 2021

2022

AVERAGE SALES PRICE

$905,655 2022

38.5%

$654,104 2021

LIST TO SALES PRICE RATIO

99.51% 2022

1.53%

97.98% 2021

MT. PLEASANT (NORTH OF IOP CONNECTOR) Residential Sales | Greater Charleston Area

NUMBER OF SALES

270

385

29.9%

2022

2021

AVERAGE DAYS ON MARKET

19

29

34.5%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$291.04

$223.57

30.2%

2022

2021

AVERAGE SALES PRICE

$715,782 2022

21.6%

$588,877 2021

LIST TO SALES PRICE RATIO

101.37% 2022

1.92% 99.45% 2021

WANDO/CAINHOY

Residential Sales | Greater Charleston Area NUMBER OF SALES

52

113

54.0%

2022

2021

AVERAGE DAYS ON MARKET

27

40

32.5%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$231.54

10.2% $210.04 2021

2022

AVERAGE SALES PRICE

$543,531 2022

5.8%

$577,126 2021

LIST TO SALES PRICE RATIO

98.38% 2022

0.07% 98.32% 2021

DANIEL ISLAND

Residential Sales | Greater Charleston Area NUMBER OF SALES

91

113

19.5%

2022

2021

AVERAGE DAYS ON MARKET

22

46

52.2%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$409.28

31.6% $311.03 2021

2022

AVERAGE SALES PRICE

$1,167,776 2022

17.3%

$995,159 2021

LIST TO SALES PRICE RATIO

99.86% 2022

0.78%

99.07% 2021

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Q1 2022 Market Report Section 2: Downtown Charleston

DOWNTOWN CHARLESTON (INSIDE CROSSTOWN) Residential Sales | Greater Charleston Area

NUMBER OF SALES

157

169

7.1%

2022

2021

AVERAGE DAYS ON MARKET

73

127

42.5%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$591.98

19.4% $495.72 2021

2022

AVERAGE SALES PRICE

$1,209,926 2022

10.7%

$1,093,380 2021

LIST TO SALES PRICE RATIO

96.41% 2022

2.05%

94.35% 2021

DOWNTOWN CHARLESTON (OUTSIDE CROSSTOWN) Residential Sales | Greater Charleston Area

NUMBER OF SALES

64

70

8.6%

2022

2021

AVERAGE DAYS ON MARKET

77

78

1.3%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$407.44

$330.67

23.2%

2022

2021

AVERAGE SALES PRICE

$688,539 2022

16.4%

$591,346 2021

LIST TO SALES PRICE RATIO

100.15% 2022

2.39%

97.76% 2021

SOUTH OF BROAD

Residential Sales | Greater Charleston Area NUMBER OF SALES

32

44

27.3%

2022

2021

AVERAGE DAYS ON MARKET

99

130

23.8%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$778.67

$687.16

13.3%

2022

2021

AVERAGE SALES PRICE

$2,338,000 2022

15.0%

$2,033,035 2021

LIST TO SALES PRICE RATIO

94.78% 2022

1.93%

92.86% 2021

HARLESTON VILLAGE

Residential Sales | Greater Charleston Area NUMBER OF SALES

15

28

46.4%

2022

2021

AVERAGE DAYS ON MARKET

40

111

64.0%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$539.75

$416.7

29.5%

2022

2021

AVERAGE SALES PRICE

$1,189,300 2022

18.4%

$1,004,502 2021

LIST TO SALES PRICE RATIO

96.26% 2022

3.91%

92.36% 2021

FRENCH QUARTER

Residential Sales | Greater Charleston Area NUMBER OF SALES

6

4

50.0%

2022

2021

AVERAGE DAYS ON MARKET

62

68

8.8%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$850.45

8.4% $928.69 2021

2022

AVERAGE SALES PRICE

$1,640,167 2022

40.3%

$1,168,750 2021

LIST TO SALES PRICE RATIO

95.68% 2022

8.44%

104.12 2021

ANSONBOROUGH

Residential Sales | Greater Charleston Area NUMBER OF SALES

12

9

33.3%

2022

2021

AVERAGE DAYS ON MARKET

59

101

41.6%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$647.02

12.1% $576.97 2021

2022

AVERAGE SALES PRICE

$1,193,833 2022

13.5%

$1,380,083 2021

LIST TO SALES PRICE RATIO

96.71% 2022

1.14%

97.85% 2021

RADCLIFFEBOROUGH

Residential Sales | Greater Charleston Area NUMBER OF SALES

16

20

20.0%

2022

2021

AVERAGE DAYS ON MARKET

99

253

60.9%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$426.14 2022

10.6% $385.19 2021 AVERAGE SALES PRICE

$777,875 2022

9.9%

$707,585 2021

LIST TO SALES PRICE RATIO

99.06% 2022

1.56%

97.50% 2021

CANNONBOROUGH/ELLIOTTBOROUGH Residential Sales | Greater Charleston Area

NUMBER OF SALES

25

18

38.9%

2022

2021

AVERAGE DAYS ON MARKET

35

106

67.0%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$413.8

$378.36

9.4%

2022

2021

AVERAGE SALES PRICE

$719,594 2022

36.6%

$526,611 2021

LIST TO SALES PRICE RATIO

98.57% 2022

1.19%

97.38% 2021

WAGENER TERRACE/HAMPTON PARK Residential Sales | Greater Charleston Area

NUMBER OF SALES

24

30

20.0%

2022

2021

AVERAGE DAYS ON MARKET

16

67

76.1%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$452.84

36.9% $330.76 2021

2022

AVERAGE SALES PRICE

$858,603 2022

32.4%

$648,254 2021

LIST TO SALES PRICE RATIO

100.83% 2022

3.51%

97.31% 2021

MAZYCK/WRAGGBOROUGH Residential Sales | Greater Charleston Area

NUMBER OF SALES

5

4

25.0%

2022

2021

AVERAGE DAYS ON MARKET

17

69

75.4%

2022

2021

AVERAGE SOLD PRICE PER SQFT

$558.03

17.1% $476.55 2021

2022

AVERAGE SALES PRICE

$1,647,000 2022

149.5%

$660,000 2021

LIST TO SALES PRICE RATIO

98.22% 2022

0.98%

97.24% 2021

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Based on information from the Charleston Trident MLS for the period 1/1/22-3/31/22. © MMXVI Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks licensed to Sotheby’s International Realty Affiliates LLC. All rights reserved. This material may not be reproduced, displayed, modified or distributed without the express prior written consent of the copyright holder.