The Lowcountry
AVERAGE SOLD PRICE PER SQFT
$461.37
AVERAGE SALES PRICE
$1,108,560.11
96.34% LIST TO SALES PRICE RATIO
79.12%
52 AVERAGE DAYS ON MARKET
OF SALES 44.52% ^ ^
2,024 NUMBER
The Overview
1.82% ^
26.06%
24.37%
^
^
Q1 2023 Market Report Section 1: Charleston Area
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 171 2023 209 2022 34 2023 23 2022 $284.37 2023 $261.73 2022 $650,284 2023 $603,875 2022 98.36% 2023 100.41% 2022 JAMES ISLAND AND FOLLY BEACH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 156 2023 251 2022 33 2023 22 2022 $352.77 2023 $368.10 2022 $635,815 2023 $616,807 2022 97.73% 2023 100.31% 2022 18.18% 47.83% 8.65% 7.69% 2.05% 37.85% 50% 4.16% 3.08% 2.59%
JOHNS ISLAND AND WADMALAW ISLAND
WEST ASHLEY (INSIDE I-526)
Residential Sales | Greater Charleston Area
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 95 2023 172 2022 33 2023 23 2022 $318.65 2023 $286.01 2022 $538,106 2023 $486,670 2022 96.88% 2023 101.13% 2022 LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 184 2023 273 2022 36 2023 15 2022 $232.01 2023 $205.85 2022 $439,341 2023 $382,683 2022 98.56% 2023 100.14% 2022 44.77% 43.48% 11.41% 10.57% 4.25% 32.60% 140% 12.71% 14.81% 1.58%
WEST ASHLEY (OUTSIDE I-526)
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 40 2023 38 2022 64 2023 57 2022 $246.61 2023 $239.47 2022 $672,829 2023 $522,202 2022 98.18% 2023 98.26% 2022 SUMMERVILLE Residential Sales | Greater Charleston Area 5.26% 12.28% 2.98% 28.84% 0.09% LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 371 2023 476 2022 34 2023 18 2022 $182.80 2023 $172.30 2022 $384,988 2023 $357,159 2022 98.70% 2023 100.19% 2022 22.06% 88.89% 6.09% 2.62% 1.49%
RURAL WEST ASHLEY
(INSIDE I-526)
CHARLESTON
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 85 2023 123 2022 41 2023 19 2022 $225.82 2023 $220.63 2022 $341,197 2023 $309,207 2022 98.07% 2023 99.89% 2022 NORTH CHARLESTON/SUMMERVILLE
Residential Sales | Greater Charleston Area 30.89% 115.79% 2.35% 10.35% 1.82% LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 185 2023 257 2022 44 2023 12 2022 $192.68 2023 $172.46 2022 $284,163 2023 $264,366 2022 98.64% 2023 100.52% 2022 28.02% 266.67% 11.72% 7.49% 1.88%
NORTH
(OUTSIDE I-526)
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 25 2023 31 2022 105 2023 51 2022 $720.61 2023 $714.33 2022 $1,972,976 2023 $2,014,774 2022 99.14% 2023 99.12% 2022 SEABROOK ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 34 2023 55 2022 70 2023 32 2022 $491.58 2023 $440.22 2022 $907,688 2023 $927,438 2022 94.97% 2023 97.99% 2022 19.35% 105.88% 0.88% 2.07% 0.02% 38.18% 118.75% 11.67% 2.13% 3.02% Kiawah Island stats from Charleston MLS only
KIAWAH ISLAND
SULLIVAN’S ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 13 2023 13 2022 115 2023 61 2022 $1,486.90 2023 $1,470.64 2022 $5,423,462 2023 $3,971,548 2022 94.25% 2023 97.27% 2022 ISLE OF PALMS/WILD DUNES Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 52 2023 75 2022 64 2023 38 2022 $968.95 2023 $763.29 2022 $1,534,587 2023 $1,530,065 2022 93.93% 2023 98.43% 2022 88.52% 1.11% 36.56% 3.02% 30.67% 68.42% 26.94% 0.30% 4.50%
MT. PLEASANT (SOUTH OF IOP CONNECTOR)
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 151 2023 253 2022 35 2023 12 2022 $414.18 2023 $411.38 2022 $937,904 2023 $905,655 2022 97.22% 2023 99.51% 2022
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 216 2023 270 2022 50 2023 19 2022 $308.24 2023 $291.04 2022 $811,976 2023 $715,782 2022 97.77% 2023 101.37% 2022 40.32% 191.67% 0.68% 3.56% 2.28% 20% 163.16% 5.91% 13.44% 3.60%
MT. PLEASANT (NORTH OF IOP CONNECTOR)
DANIEL ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 52 2023 91 2022 41 2023 22 2022 $459.91 2023 $409.28 2022 $1,456,897 2023 $1,167,776 2022 97.32% 2023 99.86% 2022 WANDO/CAINHOY Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 74 2023 52 2022 37 2023 27 2022 $291.54 2023 $231.54 2022 $710,239 2023 $543,531 2022 99.14% 2023 98.38% 2022 42.31% 37.04% 25.91% 30.67% 0.75% 42.86% 86.36% 12.37% 24.76% 2.54%
Let us introduce you to a life well-lived in the Lowcountry
Miles of winding waterways and sandy shores. Legendary golf courses. Historic cities with storied streets abuzz with new experiences. Expansive acreage promising a relaxing respite.
Life along the South Carolina & Georgia coastline has something for everyone.
Serving the Lowcountry in Charleston, Savannah Hilton Head Island, Beaufort & Bluffton WWW.DANIELRAVENELSIR.COM
Q1 2023 Market Report
Section 2: Downtown Charleston
DOWNTOWN CHARLESTON (INSIDE CROSSTOWN)
(OUTSIDE
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 82 2023 157 2022 51 2023 73 2022 $657.88 2023 $591.98 2022 $1,468,972 2023 $1,209,926 2022 95.77% 2023 96.41% 2022
CHARLESTON
CROSSTOWN) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 38 2023 64 2022 48 2023 77 2022 $469.09 2023 $407.44 2022 $782,658 2023 $688,539 2022 96.54% 2023 100.15% 2022 47.77% 30.14% 11.13% 21.41% 0.64% 40.63% 37.66% 15.13% 13.67% 3.60%
DOWNTOWN
SOUTH OF BROAD Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 18 2023 32 2022 54 2023 99 2022 $872.41 2023 $778.67 2022 $2,732,678 2023 $2,338,000 2022 97.24% 2023 94.78% 2022 HARLESTON VILLAGE Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 19 2023 15 2022 51 2023 40 2022 $669.79 2023 $539.75 2022 $1,547,711 2023 $1,189,300 2022 94.80% 2023 96.26% 2022 43.75% 45.45% 16.88% 2.46% 26.67% 27.50% 24.09% 30.14% 1.47% 12.04%
FRENCH QUARTER
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 4 2023 6 2022 49 2023 62 2022 $884.96 2023 $850.45 2022 $1,301,500 2023 $1,640,167 2022 94.24% 2023 95.68% 2022 ANSONBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 3 2023 12 2022 28 2023 59 2022 $688.04 2023 $647.02 2022 $1,651,667 2023 $1,193,833 2022 95.75% 2023 96.71% 2022 33.33% 20.97% 4.06% 20.65% 1.44% 75% 52.54% 6.34% 38.35% 0.96%
RADCLIFFEBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 6 2023 16 2022 48 2023 99 2022 $578.16 2023 $426.14 2022 $923,333 2023 $777,875 2022 96.89% 2023 99.06% 2022 CANNONBOROUGH/ELLIOTTBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 7 2023 25 2022 53 2023 35 2022 $505.19 2023 $413.80 2022 $1,031,214 2023 $719,594 2022 91.79% 2023 98.57% 2022 62.50% 51.52% 35.67% 18.7% 2.17% 72% 51.43% 22.09% 43.3% 6.78%
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 14 2023 24 2022 26 2023 16 2022 $464.34 2023 $452.84 2022 $958,393 2023 $858,603 2022 96.63% 2023 100.83% 2022 MAZYCK/WRAGGBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 1 2023 5 2022 4 2023 17 2022 $633.26 2023 $558.03 2022 $1,839,000 2023 $1,647,000 2022 91.95% 2023 98.22% 2022 41.67% 62.50% 2.54% 11.62% 4.19% 80% 76.47% 13.48% 11.66% 6.27%
WAGENER TERRACE/HAMPTON PARK
Based on information from the Charleston Trident MLS for the period 1/1/22-3/31/23. © 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. Each Office is Independently Owned and Operated. DANIELRAVENELSIR.COM 33 BROAD STREET, CHARLESTON, SC 29401 Nothing Compares.
2 Saint Michaels Alley, Charleston | Sold at $1,675,000
342 Cooper River Drive, Mount Pleasant | Sold at $1,360,000