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
Our heritage in the Lowcountry runs deep.
Where our clients are family and our neighbors are friends. We live here. We work here. We love it here.
Our Offices CHARLESTON, SC 33 BROAD STREET 843.723.7150
HILTON HEAD ISLAND, SC
23-A SHELTER COVE LANE 843.341.2623
BLUFFTON, SC
49 BOUNDARY STREET 843.836.3900
WWW.DANIELRAVENELSIR.COM aE ch Oce is Independently Owned and Operated.
SAVANNAH, GA
17 W CHARLTON STREET 912.234.3323
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
Nothing Compares.
33 BROAD STREET, CHARLESTON, SC 29401 | 843.723.7150 | DANIELRAVENELSIR.COM | OPEN 7 DAYS A WEEK aE ch Oce is Independently Owned and Operated. 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.