2022 QUARTER TWO
MARK ET REPO RT CHARLESTON AREA
Featured Properties
Cover Home | 3003 Middle Street, Sullivans Island | Sold at $5,550,000
95 Ashley Avenue, E, Charleston | Sold at $1,430,000
1404 Mcpherson Landing, Johns Island | Sold at $2,695,000
The Overview Q2 2022 vs Q2 2021
The Lowcountry NUMBER OF SALES
3,513
^
17.03%
AVERAGE DAYS ON MARKET
19
^
45.44%
AVERAGE SOLD PRICE PER SQFT
$442.46 24.74%
^
AVERAGE SALES PRICE
$1,000,109 21.59%
^
LIST TO SALES PRICE RATIO
99.9%
^
2.40%
Q2 2022 Market Report Section 1: Charleston Area
JOHNS ISLAND AND WADMALAW ISLAND Residential Sales | Greater Charleston Area
NUMBER OF SALES
236
281
16.01%
2022
2021
AVERAGE DAYS ON MARKET
18
27
33.33%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$299.18
34.68% $222.14 2021
2022
AVERAGE SALES PRICE
$668,409 2022
34.9%
$495,486 2021
LIST TO SALES PRICE RATIO
99.39% 2022
0.23%
99.62% 2021
JAMES ISLAND AND FOLLY BEACH Residential Sales | Greater Charleston Area
NUMBER OF SALES
311
335
7.16%
2022
2021
AVERAGE DAYS ON MARKET
12
23
47.83%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$360.60
20.62% $298.95 2021
2022
AVERAGE SALES PRICE
$656,408 2022
19.35%
$549,979 2021
LIST TO SALES PRICE RATIO
100.38% 2022
1.57%
98.81% 2021
WEST ASHLEY (INSIDE I-526) Residential Sales | Greater Charleston Area
NUMBER OF SALES
193
231
16.45%
2022
2021
AVERAGE DAYS ON MARKET
12
29
58.62%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$320.38
23.93% $258.51 2021
2022
AVERAGE SALES PRICE
$515,344 2022
3.95%
$495,769 2021
LIST TO SALES PRICE RATIO
102.26% 2022
4.79%
97.47% 2021
WEST ASHLEY (OUTSIDE I-526) Residential Sales | Greater Charleston Area
NUMBER OF SALES
367
318
15.41%
2022
2021
AVERAGE DAYS ON MARKET
11
17
35.29%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$226.21
21.15% $186.72 2021
2022
AVERAGE SALES PRICE
$443,880 2022
31.17%
$338,410 2021
LIST TO SALES PRICE RATIO
102.30% 2022
2.18%
100.12% 2021
RURAL WEST ASHLEY
Residential Sales | Greater Charleston Area NUMBER OF SALES
47
55
14.55%
2022
2021
AVERAGE DAYS ON MARKET
34
43
20.93%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$252.77
15.88% $218.13 2021
2022
AVERAGE SALES PRICE
$530,563 2022
3.06% $547,317 2021
LIST TO SALES PRICE RATIO
98.42% 2022
0.36%
98.05% 2021
SUMMERVILLE
Residential Sales | Greater Charleston Area NUMBER OF SALES
567
713
20.48%
2022
2021
AVERAGE DAYS ON MARKET
16
15
6.67%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$179.94
$151.75
18.58%
2022
2021
AVERAGE SALES PRICE
$397,211 2022
19.51%
$332,364 2021
LIST TO SALES PRICE RATIO
100.56% 2022
1.20%
99.36% 2021
NORTH CHARLESTON (INSIDE I-526) Residential Sales | Greater Charleston Area
NUMBER OF SALES
137
138
0.72%
2022
2021
AVERAGE DAYS ON MARKET
13
15
13.33%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$249.16
17.50% $212.06 2021
2022
AVERAGE SALES PRICE
$360,780 2022
22.48%
$294,565 2021
LIST TO SALES PRICE RATIO
101.48% 2022
1.93%
99.55% 2021
NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Residential Sales | Greater Charleston Area
NUMBER OF SALES
242
323
25.08%
2022
2021
AVERAGE DAYS ON MARKET
10
11
9.09%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$186.16
$154.59
20.42%
2022
2021
AVERAGE SALES PRICE
$279,726 2022
15.02%
$243,206 2021
LIST TO SALES PRICE RATIO
102.12% 2022
0.89%
101.23% 2021
KIAWAH ISLAND
Residential Sales | Greater Charleston Area NUMBER OF SALES
51
51
29.5%
2022
2021
AVERAGE DAYS ON MARKET
13
55
76.36%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$746.12
$577.00
29.31%
2022
2021
AVERAGE SALES PRICE
$1,771,429 2022
26.31%
$1,402,454 2021
LIST TO SALES PRICE RATIO
100.26% 2022
1.39%
View Kiawah Island Listings
98.87% 2021
Kiawah Island stats from Charleston MLS only
SEABROOK ISLAND
Residential Sales | Greater Charleston Area NUMBER OF SALES
76
78
2.56%
2022
2021
AVERAGE DAYS ON MARKET
15
18
16.67%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$477.97
$360.16
32.71%
2022
2021
AVERAGE SALES PRICE
$852,849 2022
15.47%
$738,621 2021
LIST TO SALES PRICE RATIO
99.27% 2022
1.47%
97.80% 2021
SULLIVAN’S ISLAND
Residential Sales | Greater Charleston Area NUMBER OF SALES
11
22
50.0%
2022
2021
AVERAGE DAYS ON MARKET
42
66
36.36%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$1,133.44 2022
4.89% $1,080.60 2021
AVERAGE SALES PRICE
$3,729,182 2022
33.36%
$2,796,364 2021
LIST TO SALES PRICE RATIO
99.59% 2022
5.08%
94.52% 2021
ISLE OF PALMS/WILD DUNES Residential Sales | Greater Charleston Area
NUMBER OF SALES
91
128
28.91%
2022
2021
AVERAGE DAYS ON MARKET
25
45
44.44%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$954.64
$627.73
52.08%
2022
2021
AVERAGE SALES PRICE
$1,813,486 2022
7.39%
$1,688,746 2021
LIST TO SALES PRICE RATIO
99.24% 2022
2.10%
97.14% 2021
MT. PLEASANT (SOUTH OF IOP CONNECTOR) Residential Sales | Greater Charleston Area
NUMBER OF SALES
334
472
29.24%
2022
2021
AVERAGE DAYS ON MARKET
10
22
54.55%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$427.32
28.67% $332.10 2021
2022
AVERAGE SALES PRICE
$997,841 2022
32.01%
$755,894 2021
LIST TO SALES PRICE RATIO
100.80% 2022
1.58%
99.22% 2021
MT. PLEASANT (NORTH OF IOP CONNECTOR) Residential Sales | Greater Charleston Area
NUMBER OF SALES
396
458
13.54%
2022
2021
AVERAGE DAYS ON MARKET
9
14
35.71%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$316.52
$243.32
30.08%
2022
2021
AVERAGE SALES PRICE
$837,206 2022
30.13%
$643,373 2021
LIST TO SALES PRICE RATIO
101.26% 2022
0.05% 101.31% 2021
WANDO/CAINHOY
Residential Sales | Greater Charleston Area NUMBER OF SALES
90
133
32.33%
2022
2021
AVERAGE DAYS ON MARKET
13
22
40.91%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$286.37
29.80% $220.63 2021
2022
AVERAGE SALES PRICE
$673,991 2022
17.33%
$574,452 2021
LIST TO SALES PRICE RATIO
101.38% 2022
1.41% 99.97% 2021
DANIEL ISLAND
Residential Sales | Greater Charleston Area NUMBER OF SALES
98
146
32.88%
2022
2021
AVERAGE DAYS ON MARKET
12
19
36.84%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$471.22
29.79% $363.07 2021
2022
AVERAGE SALES PRICE
$1,459,494 2022
22.59%
$1,190,582 2021
LIST TO SALES PRICE RATIO
99.64% 2022
0.62%
99.02% 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
HILTON HEAD ISLAND, SC
BLUFFTON, SC
SAVANNAH, GA
33 BROAD STREET 843.723.7150
23-A SHELTER COVE LANE 843.341.2623
49 BOUNDARY STREET 843.836.3900
17 W CHARLTON STREET 912.234.3323
WWW.DANIELRAVENELSIR.COM Each Office is Independently Owned and Operated.
Q2 2022 Market Report Section 2: Downtown Charleston
DOWNTOWN CHARLESTON (INSIDE CROSSTOWN) Residential Sales | Greater Charleston Area
NUMBER OF SALES
191
254
24.8%
2022
2021
AVERAGE DAYS ON MARKET
49
104
52.88%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$626.45
18.46% $528.81 2021
2022
AVERAGE SALES PRICE
$1,291,751 2022
14.87%
$1,124,530 2021
LIST TO SALES PRICE RATIO
97.84% 2022
4.06%
93.78% 2021
DOWNTOWN CHARLESTON (OUTSIDE CROSSTOWN) Residential Sales | Greater Charleston Area
NUMBER OF SALES
75
98
23.47%
2022
2021
AVERAGE DAYS ON MARKET
21
69
69.57%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$449.85
29.01%
2022
$348.69 2021
AVERAGE SALES PRICE
$722,411 2022
21.80%
$593,119 2021
LIST TO SALES PRICE RATIO
99.38% 2022
2.17%
97.21% 2021
SOUTH OF BROAD
Residential Sales | Greater Charleston Area NUMBER OF SALES
36
65
44.62%
2022
2021
AVERAGE DAYS ON MARKET
105
89
17.98%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$795.27
$651.30
22.11%
2022
2021
AVERAGE SALES PRICE
$2,597,656 2022
39.92%
$1,856,549 2021
LIST TO SALES PRICE RATIO
95.54% 2022
1.93%
94.15% 2021
HARLESTON VILLAGE
Residential Sales | Greater Charleston Area NUMBER OF SALES
39
53
26.42%
2022
2021
AVERAGE DAYS ON MARKET
14
98
85.71%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$627.39
16.57% $538.20 2021
2022
AVERAGE SALES PRICE
$1,170,667 2022
2.02%
$1,147,438 2021
LIST TO SALES PRICE RATIO
100.47% 2022
6.79%
93.68% 2021
FRENCH QUARTER
Residential Sales | Greater Charleston Area NUMBER OF SALES
6
14
57.14%
2022
2021
AVERAGE DAYS ON MARKET
44
137
67.88%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$839.11
35.43% $619.60 2021
2022
AVERAGE SALES PRICE
$1,256,500 2022
27.26%
$987,357 2021
LIST TO SALES PRICE RATIO
95.15% 2022
9.06%
86.09% 2021
ANSONBOROUGH
Residential Sales | Greater Charleston Area NUMBER OF SALES
13
8
62.5%
2022
2021
AVERAGE DAYS ON MARKET
51
128
60.16%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$699.88
42.36% $491.63 2021
2022
AVERAGE SALES PRICE
$1,473,730 2022
93.5%
$761,625 2021
LIST TO SALES PRICE RATIO
101.64% 2022
8.88%
92.75% 2021
RADCLIFFEBOROUGH
Residential Sales | Greater Charleston Area NUMBER OF SALES
16
23
30.43%
2022
2021
AVERAGE DAYS ON MARKET
18
123
85.37%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$547.20
23.61% $442.68 2021
2022
AVERAGE SALES PRICE
$981,631 2022
34.65%
$728,998 2021
LIST TO SALES PRICE RATIO
97.48% 2022
2.73%
94.75% 2021
CANNONBOROUGH/ELLIOTTBOROUGH Residential Sales | Greater Charleston Area
NUMBER OF SALES
21
53
60.38%
2022
2021
AVERAGE DAYS ON MARKET
12
65
81.54%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$453.54
35.61% $334.45 2021
2022
AVERAGE SALES PRICE
$875,037 2022
17.0%
$747,888 2021
LIST TO SALES PRICE RATIO
101.81% 2022
3.88%
97.93% 2021
WAGENER TERRACE/HAMPTON PARK Residential Sales | Greater Charleston Area
NUMBER OF SALES
27
31
12.9%
2022
2021
AVERAGE DAYS ON MARKET
11
63
82.54%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$462.35
21.9% $379.30 2021
2022
AVERAGE SALES PRICE
$834,695 2022
23.65%
$675,032 2021
LIST TO SALES PRICE RATIO
98.49% 2022
0.28%
98.21% 2021
MAZYCK/WRAGGBOROUGH Residential Sales | Greater Charleston Area
NUMBER OF SALES
5
7
28.57%
2022
2021
AVERAGE DAYS ON MARKET
77
91
15.38%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$593.91
33.1% $446.22 2021
2022
AVERAGE SALES PRICE
$1,063,000 2022
35.14%
$786,571 2021
LIST TO SALES PRICE RATIO
100.18% 2022
6.79%
93.39% 2021
Nothing Compares.
33 BROAD STREET, CHARLESTON, SC 29401 | 843.723.7150 | DANIELRAVENELSIR.COM | OPEN 7 DAYS A WEEK Each Office is Independently Owned and Operated. Statistics are compiled quarterly based on figures and data generated by the Multiple Listing Service. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data derived from this information is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. We fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.