2015 Q2 Report
The Market in the Charleston Area
Johns Island & Wadmalaw Market Facts
A stunning contrast to more developed areas of Charletson, 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.
Days On Market
Total Sales 150
171
200 150
100
100
100
73
73
91
50
50 0
102
0 Q2 2014
Q2 2015
Cumula<ve Days on Market Q2 2014
Average Sale Price $375,000
$309,741
$314,930
$200 $150
$225,000
$100 Q2 2014
Q2 2015
Q2 2015
Sold Price Per Sq3
$300,000
$150,000
Days on Market
$50
$144
$147
Q2 2014
Q2 2015
List Prices versus Sold Prices $400,000
$300,000
$320,691 $316,726 $309,741
$328,578 $321,338 $314,930
Original List Price Final List Price Sold Price
$200,000
$100,000
Q2 2014
Q2 2015
featured properties |
johnâ&#x20AC;&#x2122;s island
& wadmalaw island
Wadmalaw Vineyards Dan Ravenel
$1,595,000 50+ Acres
The Farms at Brickhouse Plantation H. Middleton Rutledge
$3,995,000 220 Acres
1168 Pilot Boy Dan Ravenel
$2,095,000 3B 3.5b 4,872 SqFt 3.19 Acres
selling the extraordinary 5
For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
James Island Market Facts
A well established community, James Island is a large island 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.
Days On Market
Total Sales 289
300
85
76
65
251
250
69
56
60
45 200
Q2 2014
25
Q2 2015
Cumula>ve Days on Market Q2 2014
Q2 2015
Average Sale Price $350,000
$281,069
$325,113
Sold Price Per Sq3 $200 $150
$250,000
Days on Market
$149
$167
$100 $150,000
Q2 2014
Q2 2015
$50
Q2 2014
Q2 2015
List Prices versus Sold Prices $400,000
$300,000
$299,615 $292,856 $281,069
$336,445 $332,873 $325,113
Original List Price Final List Price Sold Price
$200,000
Q2 2014
Q2 2015
Extraordinary Marketing
Powerful Partnerships
selling the extraordinary
West Ashley (inside 526) Market Facts
West Ashley is located across the Ashley River, to the west of Downtown Charleston. One of the early suburban developments 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.
Days On Market
Total Sales 125
300 200
97
197
151
75
Days on Market
74 54
100 0
Q2 2014
25
Q2 2015
Q2 2014
$300,000
$249,206
Sold Price Per Sq3 $200 $169
$225,000
$150,000
$142
$150
Q2 2014
Cumula=ve Days on Market
Q2 2015
Average Sale Price
$275,721
65
Q2 2015
$100
Q2 2014
Q2 2015
List Prices versus Sold Prices $300,000
$250,000
$290,422
$284,314 $275,721
$264,141 $259,957 $249,206
Original List Price Final List Price Sold Price
$200,000
Q2 2014
Q2 2015
significant sales in quarter 1 2015
305 Ocean Oaks Court H. Middleton Rutledge
429 Whilden Street Casey Murphey
104 Church Street Ann Bacot Daughtridge
SP $1,900,000 Kiawah Island
$1,449,000 Old Village
SP $1,333,000 South of Broad
96 East Bay Street Sold by Casey Murphey
SP $1,200,000 South of Broad
1908 Thee Street Dan Ravenel
SP $1,850,000 Sullivanâ&#x20AC;&#x2122;s Island
selling the extraordinary 5 For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
Charleston Peninsula (Below Crosstown) Market Facts
Located on a 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 live oaks lead to winding alleys full of charm. The famous Charleston gardens hide behind walls and iron gates, and magnificent parks such as White Point Gardens attract visitors from all over the world.
Days On Market
Total Sales 140
200
136
130
168 173 151
150
127
118 120
Q2 2014
100
Q2 2015
Cumula>ve Days on Market
Q2 2014
Average Sale Price $1,000,000
$903,798
$888,556
Q2 2015
Sold Price Per Sq3 $450
$397
$400 $750,000
Days on Market
$417
$350 $300
$500,000
Q2 2014
Q2 2015
$250
Q2 2014
Q2 2015
List Prices versus Sold Prices $1,100,000 $993,671
$1,000,000 $941,911 $944,888 $903,798 $900,000
$800,000
Q2 2014
$951,647 $888,556
Q2 2015
Original List Price Final List Price Sold Price
featured properties | downtown charleston
34 Lenwood Boulevard Dan Ravenel
$1,349,000 3B 2.5b 2,503 SqFt
32 Prioleau Street, G Lenora White
$2,396,000 2B 2.5b 2,583 SqFt
49 Society Street Casey Murphey
$2,200,000 4B 4.5b 3,612 SqFt
selling the extraordinary 5 For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
Mt. Pleasant (South of IOP Connector) Market Facts
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 new 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.
Days On Market
Total Sales 400
80
345
338
70
300
60 200 100
71 60
56
52
Cumula=ve Days on Market
50 Q2 2014
40
Q2 2015
Q2 2014
Q2 2015
Average Sale Price
$478,148
$480,000 $470,000
$464,046
Sold Price Per Sq3 $250
$206
$223
$200
$460,000 $450,000
Days on Market
$150 Q2 2014
Q2 2015
$100
Q2 2014
Q2 2015
List Prices versus Sold Prices $520,000 $505,601 $500,000 $480,000
$492,787
$486,820 $475,153
$478,148
$464,046
Q2 2014
Final List Price Sold Price
$460,000 $440,000
Original List Price
Q2 2015
a look back... The Old Village | Mt. Pleasant The Old Village was listed on the National Register of Historic Places in 1973 and is considered to be a 30 block area surrounded by the Charleston Harbor, Shem Creek, Royal Avenue, and McCants Drive. Originally laid out in 1760 to resemble an English village, this area of Mount Pleasant was home to many successful plantations. In the 1770s, Andrew Hibben started his own ferry service to connect downtown Charleston, (at the time, Charles Towne) to this area of Mt Pleasant at Haddrellâ&#x20AC;&#x2122;s Point. The oldest home in the Old Village is the home of an original founder of Mt Pleasant, Jacob Motte and is located at 111 Hibben Street. In 1791, President George Washington waited in what is now the Old Village to travel to the peninsula via ferry during his Southern Tour.
City of Charleston, South Carolina, looking across Cooperâ&#x20AC;&#x2122;s River / painted by G. Cooke ; engraved by W.J. Bennett. digital file from original print. Courtesy of the Library of Congress
selling the extraordinary 5 For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
Mt. Pleasant (North of IOP Connector) Market Facts
Waterways and marsh views are a common thread throughout Mount Pleasant, and life moves in the rhythm with those tidal creeks. One has only to search for homes in the Mount Pleasant area to notice the number of water views and lots looking out on open marsh. Enjoy the South Carolina’s pristine Lowcountry waters and wildlife, while remaining within close to Downtown Charleston in Mount Pleasant.
Days On Market
Total Sales 369
380
81
360
81
80
336
340
67
60
320 300
95
100
Q2 2014
40
Q2 2015
Cumula>ve Days on Market Q2 2014
Q2 2015
Average Sale Price $450,000
$408,706
$432,976
Sold Price Per Sq3 $250 $200
$400,000
Days on Market
$160
$169
Q2 2014
Q2 2015
$150 $350,000
Q2 2014
Q2 2015
$100
List Prices versus Sold Prices $460,000
$446,198
$440,174
$440,000 $420,000
$432,976
$421,317 $417,772
Final List Price
$408,706
Sold Price
$400,000 $380,000
Original List Price
Q2 2014
Q2 2015
featured properties | mt. pleasant - north of the IOP connector
UNDER CONTRACT
1982 Sandy Point Lane Lenora White
$4,225,000 5B 6+b 9,200 SqFt
1805 Shell Ring Circle Hayley Mitchell Smith
$685,000 5B 4.5b 3,842 SqFt
selling the extraordinary 5 For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
Sullivans Island Market Facts
Just past the fabulous shopping and dining in Mount Pleasant sits the 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.
Days On Market
Total Sales 20
19
250
190
200
16
150
15
116
214
144
Days on Market
100
Cumula=ve Days on Market
50 10
Q2 2014
0
Q2 2015
Q2 2014
Average Sale Price $1,500,000
$1,329,125
$1,238,211
Q2 2015
Sold Price Per Sq3 $538
$550 $500
$1,000,000
$450
$450 $500,000
Q2 2014
Q2 2015
$400
Q2 2014
Q2 2015
List Prices versus Sold Prices $1,650,000 $1,450,000 $1,250,000
$1,428,316 $1,353,316 $1,238,211
$1,464,438 $1,398,313 $1,329,125
Final List Price Sold Price
$1,050,000 $850,000
Original List Price
Q2 2014
Q2 2015
international exposure
Daniel Ravenel Sotheby’s International Realty is proud to have 1480 Wando View Street here in Charleston featured around the world as the Extraordinary Property of the Day for Sotheby’s International Realty!! This is a truly magnificent showcase for this Daniel Island estate as well as all of Charleston real estate! Local Family Tradition • Global Brand Recognition
selling the extraordinary For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com 5
Daniel Island Market Facts
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, salons, and businesses.
Days On Market
Total Sales 110
80
100
70
94
92
60
90 80
76 77
52
57
Cumula>ve Days on Market
50 Q2 2014
40
Q2 2015
Q2 2014
Q2 2015
Average Sale Price
$654,559
$660,000 $640,000 $620,000
$613,592
Sold Price Per Sq3 $250
$223
$229
Q2 2014
Q2 2015
$200 $150
$600,000 $580,000
Days on Market
Q2 2014
Q2 2015
$100
List Prices versus Sold Prices $700,000 $676,119 $669,262
$680,000
$654,559
$660,000 $640,000
$632,140 $625,802
Final List Price
$613,592
$620,000
Sold Price
$600,000 $580,000
Q2 2014
5
Original List Price
Q2 2015
featured property | daniel island
1480 Wando View Street $3,885,000 Andrew Robertson 5B 6.5b 5,507 SqFt
selling the extraordinary 5 For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
Wild Dunes & Isle of Palms Market Facts
Originally known as Long Island, the Isle of Palms has properties from smaller condos to homes well over a million dollars. Originally developed in the early 20th century as a resort destination with a hotel, and built up mid century with numerous veterans dwellings, the Isle of Palms has blossomed into a full resort destination. The renowned Wild Dunes community situated at the north end of the island offers innumerable amenities including tennis, clubhouses, and a world renowned golf course right on the Intracoastal Waterway.
Days On Market
Total Sales 92
100
250
73
200
193
219
212 175
Days on Market
150
50
Cumula>ve Days on Market
100 0
Q2 2014
50
Q2 2015
Q2 2014
Average Sale Price $950,000 $853,754
$850,000 $750,000 $650,000
Q2 2015
Sold Price Per Sq3 $410 $351
$360 $705,508
$368
$310
Q2 2014
Q2 2015
$260
Q2 2014
Q2 2015
List Prices versus Sold Prices $1,100,000 $923,186 $912,274 $900,000
$802,690 $757,288 $705,508
$853,754
Final List Price
$700,000
$500,000
Original List Price
Sold Price
Q2 2014
Q2 2015
featured property | isle of palms
35 23rd Avenue Ed Mitchell
$799,000 2B 2b 1,251 SqFt
selling the extraordinary For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
The Market in Downtown Charleston
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South of Broad Market Facts
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.
Days On Market
Total Sales 38 37
249 258
250
Days on Market
200
37
150
36
36 36
300
37
100 Q2 2014
50
Q2 2015
84
104
Q2 2014
Average Sale Price $2,000,000
$1,776,998
$1,444,676
$1,500,000 $1,000,000 $500,000
Cumula>ve Days on Market Q2 2015
Sold Price Per Sq3 $600
$549
$548
Q2 2014
Q2 2015
$500 $400
Q2 2014
Q2 2015
$300
List Prices versus Sold Prices $2,000,000
$1,891,122 $ 1,854,536 $1,776,998 $1,632,243 $1,568,686
$1,500,000
$1,444,676
Original List Price Final List Price Sold Price
$1,000,000
Q2 2014
Q2 2015
featured property | south of broad
41 Tradd Street H. Middleton Rutledge
$2,495,000 3B 3.5b 3,200 SqFt
selling the extraordinary 5 For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
Harleston Village Market Facts
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.
Days On Market
Total Sales 30
300
27
200
25
192 122
152 152
100 20
Q2 2014
0
Q2 2015
Cumula>ve Days on Market Q2 2014
Average Sale Price $750,000
$717,793
$700,000 $650,000 $600,000
Q2 2015
Sold Price Per Sq3 $372
$380 $360 $340
$648,380
Days on Market
$313
$320 $300
Q2 2014
Q2 2015
$280
Q2 2014
Q2 2015
List Prices versus Sold Prices $900,000 $814,340 $768,500
$800,000 $700,000
$717,793
$680,780 $667,478 $648,380
Final List Price Sold Price
$600,000 $500,000
Original List Price
Q2 2014
Q2 2015
featured development | harleston village
Halsey Park Casey Murphey
From $1,400,000 2B+
selling the extraordinary 5 For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
French Quarter Market Facts
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.
Days On Market
Total Sales 15
13
400 300
8
10
232 256
274
309 Days on Market
200 5 0
Cumula>ve Days on Market
100 Q2 2014
0
Q2 2015
Q2 2014
Average Sale Price $1,100,000 $1,050,000
$1,044,115
$1,039,550
$1,000,000
Q2 2015
Sold Price Per Sq3 $580 $565 $556
$560
$950,000 $900,000 $850,000
Q2 2014
Q2 2015
$540
Q2 2014
Q2 2015
List Prices versus Sold Prices $1,500,000 $1,287,350 $1,157,885 $1,098,146 $1,044,115 $1,000,000
$1,142,863 $1,039,550
Original List Price Final List Price Sold Price
$500,000
Q2 2014
Q2 2015
Search all Charleston and Sotheby’s International Realty properties worldwide from your phone or tablet! To Download, Simply Text DRSIR to 87778 Download the free MLS app for Android, iPhone, or iPad.With the GPS search feature you can stay in your car to instantly view more photos, info and price.
SIR Mobile features: View our international and U.S. MLS listings from the Sotheby’s International Realty network anytime, anywhere from the convenience of any cell phone. Users have the ability to search for properties based on GPS location, address, city or zip code. Save your search or favorite properties to view later Share on Facebook or Twitter Send a property to a friend via text or email Select the “Call to See” option to connect to a Daniel Ravenel Sotheby’s International Realty professional who will field any inquiries or schedule a home tour View full screen high quality photography of homes
SIR Mobile iPad features: Amazing photos of some of the world’s most distinctive homes Almost 40 points of interest based on the property location One -click-contact to a Daniel Ravenel Sotheby’s International Realty professional The ability to save home search information and notes on a property for future use A dynamic map feature displaying all available homes for sale or rent based on a user’s location or interested city/neighborhood
selling the extraordinary For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
Ansonborough Market Facts
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.
Days On Market
Total Sales 10
8
225
7
175
5
164
188 Days on Market
125
94 94 Cumula>ve Days on Market
75 0
Q2 2014
25
Q2 2015
Q2 2014
Average Sale Price
$1,117,857
$1,250,000 $1,000,000
$969,488
Sold Price Per Sq3 $529
$550 $500
$442
$450
$750,000 $500,000
Q2 2015
$400 Q2 2014
Q2 2015
$350
Q2 2014
Q2 2015
List Prices versus Sold Prices $1,350,000 $1,183,986 $1,167,000
$1,200,000
$1,117,857
$1,064,225 $1,050,000
$1,022,225 $ 969,488
List Price Sold Price
$900,000 $750,000
Original List Price
Q2 2014
Q2 2015
from the office...
Charleston being considered as World Heritage Site Written by DRSIR agent Anne Edson Charleston is being considered as a UNESCO World Heritage Site and would be the first US city to have that honor. The UNESCO World Heritage Site list is the highest possible recognition for a historic site which includes more than 1,000 sites in about 160 countries. Only 22 are found in the United States. Some of those include the Statue of Liberty, Independence Hall, Yosemite, and Grand Canyon. There are many historic cities in Europe with the designation, but non in the US. Salzburg, Austria had only to show that the town had existing protections regarding its historic preservation. This should be the same situation in Charleston with our strong preservation societies and regulations on historic buildings in the downtown area. If Charleston does become a World Heritage Site, it will hopefully attract a high-value cultural visitor who supports local businesses and nonprofits and spends more money than a typical tourist from the region. No other US city has gotten this prestigious distinction and Charleston hopes to be the first. Now is your chance to own an historic property right here in Charleston during this exciting process. Find out more at www.charlestonworldheritage.org.
selling the extraordinary For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
Radcliffeborough Market Facts
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.
Days On Market
Total Sales 13
15
200 9
10
100
113 113
84 91
5 0
Days on Market Cumula<ve Days on Market
Q2 2014
0
Q2 2015
Q2 2014
Average Sale Price $550,000 $502,289
$500,000
Sold Price Per Sq3 $400
$338
$352
Q2 2014
Q2 2015
$300
$452,492 $450,000 $400,000
Q2 2015
$200 Q2 2014
Q2 2015
$100
List Prices versus Sold Prices $600,000
$500,000
$400,000
$300,000
$467,262 $452,492
$518,000 $524,878 $502,289 Original List Price Final List Price
$402,608
Sold Price
Q2 2014
Q2 2015
coming soon...
selling the extraordinary For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
Canonborough & Elliotborough Market Facts
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.
Total Sales 15
Days On Market 150
12
10
100
6
71 71
50
5 0
101 101
Q2 2014
0
Q2 2015
Cumula=ve Days on Market Q2 2014
Average Sale Price $463,358
$500,000 $400,000
Q2 2015
Sold Price Per Sq3 $300
$384,417
$247
$275
$200
$300,000 $200,000
Days on Market
Q2 2014
Q2 2015
$100
Q2 2014
Q2 2015
List Prices versus Sold Prices $600,000 $500,000 $400,000
$401,900 $400,467 $384,417
$480,242 $464,283 $462,358 Original List Price
$300,000
Final List Price
$200,000
Sold Price
$100,000 $-‐
Q2 2014
Q2 2015
around town... Explore Charleston, SC and It’s Remarkable Suburban Areas When you think of luxury in Charleston, many visitors and even some locals imagine either a spacious historic mansion south of broad, or a sprawling waterfront plantation setting with a traditional “tara-like” feel. While these homes do exist and sell for handsome prices, the reality is that Charleston’s luxury market is much more diverse and offers a plethora of options for the well qualified buyer. From new construction homes in master planned communities to extensive renovations in eclectic neighborhoods, there are many true gems tucked away in some of Charleston’s beautiful suburban communities. Community Spotlight: The Crescent The neighborhood known as “The Crescent” is located only a short drive from downtown, but feels like a traditional suburban paradise. A beautifully planned neighborhood with winding streets, beautiful live oaks, shaded pedestrian friendly streets, and two lakes, this community is the epitome of Lowcountry living. Homes range from traditional one story brick structures on interior lots to sprawling estates with fabulous gardens and deep water docks. Lot values alone in The Crescent can start well over $500,000, whereas some of the most high priced real estate is valued in the multi-million dollar ranges. The neighborhood borders the campus of Porter-Gaud, one of the areas many high quality preparatory schools. Many residents enjoy the walkability of the area, with both the school nearby and a diverse hopping and dining options only afew minutes walk away in South Windermere. The Crescent is located only a short 5 minute drive from downtown and the medical complex on the Peninsula, and offers one of the closest options for suburban living near downtown. Community Spotlight: Kiawah Island, SC 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. Kiawah Island is truly a paradise not only for beach lovers, but also for golfers, tennis players and nature buffs. Residents and visitors enjoy walking or paddling tours, as well as a canoe ride along the marsh-lined creeks and waterways that surround the island. Play tennis at the two Kiawah Island tennis centers, ranked among the top 50 tennis resorts in the U.S. With a variety of restaurants, shopping at nearby Freshfields Village, and the abundance of outdoor activities, Kiawah Island, SC is the perfect choice for many families for a primary residence or a weekend retreat. Homes on Kiawah Island are famous for their respect of the environment, often with wooded lots offering privacy and a respite for four legged neighbors. Many homes have been responsibly built, and features such as geo-thermal heat, special cost-saving windows and doors, and various eco-conscious initiatives are found throughout the homes on the island.
selling the extraordinary For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
around town... Explore Charleston, SC and It’s Remarkable Suburban Areas Community Spotlight: Daniel Island This recently built master planned community off the peninsula is located only about 20 minutes from downtown and offers Charleston Real Estate buyers an opportunity for fabulous new construction homes with a true old Charleston feel. A peaceful and harmonious golf and tennis community, Daniel Island affords locals and visitors with a multitude of charming neighborhoods and developments in many various price ranges. Single family homes start in the $500,000 range, and can reach prices north of $3,000,000 for desirable custom built homes on deep water. Smythe Park offers a lake and park which hosts events such as free summer concerts and neighborhood gatherings, and it even boasts a beautiful man made lake bordered by homes, all benefiting from charming views off large porches. The coveted “Park Side” of Daniel Island offers many amenities such as a lovely club house, golf courses and community pool and tennis courts for members and homeowners. Many homes on this side of the island have golf views or marsh views, and there are also a number of lovely deep water homes offering private and semi-private docks for large boats. With fabulous amenities like a world class tennis center and professional soccer stadium, miles of biking and walking trails throughout the island, as well as shops and restaurants, this area of Charleston affords a lifestyle unlike any other. Community Spotlight: Wadmalaw and Martin’s Point Plantation Wadmalaw Island is a unique and rare community south of Charleston. With a special zoning overlay, homes on Wadmalaw are built on much larger lots than other parts of Charleston county (deep water lots may be no smaller than 3 acres, and other lots required to be at least 10 acres each), the rural character of Wadmalaw is palpable. Its peaceful waterfront communities and multiple small family farms coexist in harmony to create a bucolic oasis of calm only 20-30 minutes from downtown. The areas farm-to-table movement practically began here, with local farmers providing fresh produce and supplies to local restaurants. Many farms open their doors to the public, including the Charleston Tea Plantation and Irvin House Vineyards and distillery, which creates a sought after destination to delight visitors and locals alike. Martins Point Plantation on Wadmalaw is a tranquil oasis with about 42 homes and homesites. A 900 acre community located along the deep waters of the Intracoastal Waterway, Martins Point offers homeowners a unique and tranquil oasis with an historic cemetery, several miles of trails and roads for riding and walking, and ponds and islands for homeowner use. Protected by a conservation easement with the Lowcountry Open Land Trust, Martins Point Plantation will remain as pristine as it is today for generations to come.
selling the extraordinary For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
Wagener Terrace & Hampton Park Market Facts
Wagener Terrace is a suburban area with marsh views and numerous well located, moderately priced homes. Hampton Park gains its name from the large green space in its center which was a world fair site in 1900.
Days On Market
Total Sales 35
40
80
30
24
60
70 57
55 55
Days on Market
20 40
10 0
Q2 2014
20
Q2 2015
Cumula?ve Days on Market Q2 2014
Q2 2015
Average Sale Price $450,000 $375,424
$404,946
$350,000
$250,000
Sold Price Per Sq3 $250
$219
$235
$150
Q2 2014
Q2 2015
$50
Q2 2014
b
Q2 2015
List Prices versus Sold Prices $500,000
$400,000
$384,587 $394,055 $375,424
$417,700 $410,408 $404,946 Original List Price Final List Price
$300,000
$200,000
Sold Price
Q2 2014
Q2 2015
waterfront properties on the market Whether you search for a riverfront escape or a home nestled on sandy beaches…a waterfront property offers a tranquil backdrop for an extraordinary life. If the call of water speaks to you, then let us take you on a journey into the finest waterfront properties in the world…where your next home awaits you. NEW LISTING
2732 Jenkins Point Road Lenora White & David Crump
123 Halona Lane H. Middleton Rutledge
$2,200,000 3B 3.5b 5,967 SqFt
$4,599,000 5B 4.5b 4,800 SqFt
2205 Pinopolis Road Marcia Guthrie
$1,400,000 5B 4.5b 5,608 SqFt
selling the extraordinary For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
Wraggborough Market Facts
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.
Days On Market
Total Sales 10
200 4
5
150 150
150
6
100
Days on Market 66
80 Cumula=ve Days on Market
50 0
Q2 2014
0
Q2 2015
Q2 2014
Q2 2015
Average Sale Price
$1,650,000
$2,000,000 $1,500,000 $1,000,000
$400
$351
$331
$300 $663,833 $200
$500,000 $-‐
Sold Price Per Sq3
Q2 2014
Q2 2015
$100
Q2 2014
Q2 2015
List Prices versus Sold Prices $2,100,000
$1,717,250 $1,718,250 $1,650,000
$1,600,000
Original List Price $1,100,000
Final List Price
$702,500 $683,167 $663,833
Sold Price
$600,000 $100,000
Q2 2014
Q2 2015
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selling the extraordinary For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
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33 Broad Street Charleston, SC 29401 O: 843.723.7150 | 843.723.7494
Daniel Ravenel Sothebyâ&#x20AC;&#x2122;s International Realty 33 Broad Street Charleston, SC 29401 O: 843.723.7150 | F: 843.723.7494 www.DanielRavenelSIR.com