Market Update Q3 2014
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The Market in Downtown Charleston
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 40
228
250 31
30
200
25
150
20
125 133
Days on Market
129
Cumulative Days on Market
100 50
10 Q3 2013
Q3 2014
Q3 2013
Average Sale Price $2,000,000
Sold Price Per Sqft $550
$1,531,620 $1,500,000
Q3 2014
$1,253,887
$500
$500
$443
$450 $400
$1,000,000
$350 $500,000 Q3 2013
Q3 2014
$300 Q3 2013
Q3 2014
List Prices versus Sold Prices $1,677,580 $1,620,040
$1,750,000 $1,500,000
$1,531,620 $1,380,387 $1,349,658 $1,253,887
Original List Price
$1,250,000
Final List Price Sold Price
$1,000,000 $750,000 Q3 2013
Q3 2014
Sold in Q3 Featured Property
11 Church, circa 1790, is located on one of Charleston’s most sought-after addresses, below the bend on lower Church Street. South of Broad and just steps from the Battery this exquisite four story residence has been completely restored and redesigned. Fine dining, art galleries, designer boutiques and antique shopping on King Street are just a leisurely stroll away. The floor plan of this gracious 6000 sq. ft. home includes six bedrooms, five full baths, two powder rooms, six fireplaces, formal and family living areas, formal dining room, professional grade eat-in kitchen, library, mud room, study and a gym/playroom. Highlighted with luxurious finishes, dramatic ceiling heights, beautifully finished heart of pine floors and light filled rooms; it is a welcome canvas for today’s modern family. The outdoor living spaces are equally inviting. Double piazzas, brick and bluestone courtyards, lush landscaping and a reflecting pool provide perfect settings for entertaining. A secret garden, tucked in the rear corner of the property and surrounded by ancient brick walls of the neighboring Huguenot house, is the epitome of Charleston charm.
11 Church Street 6BR/5+B | 6,000 SqFt Sold for $3,000,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Nantucket, Massachusetts 4BR/3.5B 2,612 SqFt $2,975,000 Maury People Sotheby’s International Realty
Ile-De-France, France 4BR/2B 1,905 SqFt $2,792,535 Paris Oest Sotheby’s International Realty 4
Los Angeles, California 5BR/3B 3,080 SqFt $2,795,000 Sotheby’s International Realty Beverly Hills Brokerage
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
250
27
25
167
19
20
192
191
Days on Market 122
150
Cumulative Days on Market
15 10
50 Q2 2013
Q2 2013
Q2 2014
Q2 2014
Average Sale Price $700,000
Sold Price Per Sqft $350
$669,224
$648,380
$650,000
$330
$600,000
$318
$313
$310
$550,000 Q2 2013
Q2 2014
$290 Q2 2013
Q2 2014
List Prices versus Sold Prices $800,000 $743,584 $707,721 $700,000
$669,224
$680,780 $667,478 $648,380
Original List Price Final List Price Sold Price
$600,000
$500,000 Q2 2013
Q2 2014
Under Contract Featured Property
This 3 bedroom 2 1/2 bath frame home provides a comfortable and light filled floor plan with views of the Ashley River and the City Marina. On the first floor you will find 10ft smooth ceilings and a well designed chef ’s kitchen, consisting of a professional grade Viking Gas Range, custom cabinetry with surface halogen lighting underneath, granite counter tops with a tumbled limestone backsplash and a kitchen island with seating. Openly located next to the kitchen is a large casual living room with coffered ceilings, built ins, gas fireplace with a limestone surround and a media center which is perfect for relaxing and enjoying a game or movie. The second floor has 2 spacious guest rooms with vaulted 9.5ft ceilings that share a tile and marble bathroom with a shower. The master bedroom is very well proportioned and easily accommodates a king size bed. It has a walk in closet and custom made window treatments and cathedral ceiling.
23 Harleston Place 3BR/2.5B | 1,886 SqFt $975,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Houston, Texas 5BR/4+B 5,804 SqFt $1,000,000 Martha Turner Sotheby’s International Realty
Miami, Florida 4BR/3.5B 2,871 SqFt $950,000 ONE Sotheby’s International Realty 6
Pelham, New York 4BR/3.5B 2,783 SqFt $925,000 McClellan Sotheby’s International Realty
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 10
400
343 343
300
6 4
5
Days on Market
200
90 90
100 0
Cumulative Days on Market
0 Q3 2013
Q3 2014
Q3 2013
Average Sale Price $1,250,000
Q3 2014
Sold Price Per Sqft $595
$600 $1,005,625
$1,000,000 $580 $750,000
$576
$580,083
$500,000 Q3 2013
Q3 2014
$560 Q3 2013
Q3 2014
List Prices versus Sold Prices $1,300,000 $1,050,000 $1,047,500 $1,005,625
$1,100,000 $900,000 $700,000
Original List Price Final List Price Sold Price
$621,317 $608,500 $580,083
$500,000 Q3 2013
Q3 2014
Featured Ad - Charleston Mercury, September 2014
October Mag_Layout 1 9/19/14 1:25 PM Page 1
1168 PILOT BOY • WADMALAW
BRICKHOUSE PLANTATION • JOHNS ISLAND
INDIGO PARK | KIAWAH ISLAND
3B, 3.5b | 4,872 sqft | $2,395,000
220 Acres | $3,995,000
5B, 5.5b | 3,568 sqft | $2,585,000
Offered by Dan Ravenel
Offered by H. Middleton Rutledge
TANGLEWOOD PLANTATION • LYNCHBURG
ACORN FARM • CAMDEN
6B, 5.5b | 5,500 sqft | 23+ Acres | $875,000
5B, 5+b | 10,000 sqft | 341 Acres
Offered by Chasen McCall
Offered by Dan Ravenel
Offered by H. Middleton Rutledge
330 MOON TIDE LANE • KIAWAH ISLAND 1.09 Acres | $930,000
Offered by Georgia Nettles & Jimi Craddock
RENAISSANCE FARMS • RIDGEVILLE
5434 CHAPLINS LANDING ROAD • HOLLYWOOD
POPLAR SPRINGS ESTATE • WESTMINSTER
4B, 4.5b | 5,600 sqft | 232 Acres | $3,750,000
5B, 5.5b | 5,248 sqft | 29+ Acres | $3,550,000
8B, 10.5b | 16,000 sqft | 158 acres | $8,000,000
Offered by Dan Ravenel
Offered by Dan Ravenel
Offered by Chasen McCall
33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com
8
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 9
10
351
375 275
5
5
179
201
175 0
Days on Market 156
Cumula;ve Days on Market
75 Q3 2013
Q3 2014
Q3 2013
Average Sale Price $1,250,000 $1,000,000
$1,141,400
Q3 2014
Sold Price Per Sqft $460 $440
$826,556
$750,000
$433 $424
$420
$500,000 Q3 2013
Q3 2014
$400 Q3 2013
Q3 2014
List Prices versus Sold Prices $1,350,000 $1,215,800$1,166,800 $1,141,400
$1,150,000
$950,000
Final List Price
$983,333 $896,778
Sold Price
$826,556 $750,000 Q3 2013
Original List Price
Q3 2014
Under Contract in 3 Days Featured Property
Enjoy the breezes from the double-tiered piazza at this meticulously maintained solid brick 1840 Charleston single home! In addition to the living room and dining room on the first floor, there is a half bath and an eat-in kitchen with beamed ceilings and a large window overlooking the backyard.The second floor includes the master suite and a separate front sitting room that can be a second bedroom. Two dormer rooms and a full bath are on the third floor. The bottom floor is accessible from the interior of the house and is a guest suite. This home is in Ansonborough- a small historic neighborhood on Charleston’s peninsula within a comfortable walking distance to fine dining, shopping, grocery stores and events.
41 Society Street 2BR/2.5B | 2,568 SqFt $1,240,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Big Sky, Montana 3BR/4.5B 2,560 SqFt $1,500,000 Big Sky Sotheby’s International Realty
Rio Grande, Puerto Rico 4BR/4+B 4,221 SqFt $1,475,000 Puerto Rico Sotheby’s International Realty 10
Western Cape, South Africa 4BR/4B 4,305 SqFt $1346,095 Lew Geffen Sotheby’s International Realty
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 15
150 107
10
10
100
Days on Market 53
5
5
82 82
50
0
Cumulative Days on Market
0 Q3 2013
Q3 2014
Q3 2013
Q3 2014
Average Sale Price $600,000
$582,000
Sold Price Per Sqft $400
$323
$300 $500,000
$283
$469,135 $200
$400,000 Q3 2013
Q3 2014
$100 Q3 2013
Q3 2014
List Prices versus Sold Prices $650,000
$608,400 $603,600 $582,000
$550,000
$498,550
$494,200 $469,135
$450,000
Original List Price Final List Price Sold Price
$350,000 $250,000 Q3 2013
Q3 2014
Featured Ad - Charleston Mercury, August 2014
August_Layout 1 6/17/14 4:59 PM Page 1
1168 Pilot Boy • Martins Point
9 Legare Street • South of Broad
330 Moon Tide Lane • Kiawah Island
4 Greenhill Street • South of Broad
Poplar Springs Estate • Westminster
THIS IS OUR WORLD.
Experience the difference of Daniel Ravenel Sotheby's International Realty. It's in our service that extends far beyond the expected. It's our honesty and integrity in every interaction. It's our pledge to listen, and respond to your unique needs. After 30 years serving the Charleston area, our level of expertise is truly unmatched.
Serving you, from the Battery to the Beaches...
33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com
12
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.
Days On Market
Total Sales 14
15
300
11
252 206
10
200
5
100
0
Days on Market
113 121
Cumulative Days on Market
0 Q3 2013
Q3 2014
Q3 2013
Q3 2014
Average Sale Price $373,774
$400,000
$300,000
Sold Price Per Sqft $300
$297,929
$223
$235
Q3 2013
Q3 2014
$200
$200,000 Q3 2013
Q3 2014
$100
List Prices versus Sold Prices $450,000 $392,664
$400,000 $350,000 $300,000
$390,573 $373,774
$327,179 $322,536
Final List Price Sold Price
$297,929
$250,000 Q3 2013
Original List Price
Q3 2014
Labor Day Weekend Kiawah Event - Indigo Park Open Houses
14
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 30
95
105 27
26
85
25
77
Days on Market
65
40 43
45 20
Cumulative Days on Market
25 Q3 2013
Q3 2014
Q3 2013
Q3 2014
Average Sale Price $450,000
Sold Price Per Sqft $250
$371,615
$385,683
$350,000
$204
$226
$150
$250,000 Q3 2013
Q3 2014
$50 Q3 2013
Q3 2014
List Prices versus Sold Prices $650,000
$450,000
$384,190 $398,894 $371,615
$392,482
$391,548 $385,683
Original List Price Final List Price Sold Price
$250,000
$50,000 Q3 2013
Q3 2014
Under Contract Featured Property
Great location just a few blocks from Hampton Park, Charleston’s only 5 acre park downtown! You are also steps from Rutledge Cab Company, Park Cafe and Moe’s Crosstown, just to name a few of the local restaurants. This area is on fire so finding a well-priced lot this close to everything is not easy. This lot has been cleared and is ready for your dream home.
62 Poplar Street .08 Acres Listed at $154,900 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Sea Ranch, California .5 Acres $110,000 Sotheby’s International Realty Wine Country Broadway Brokerage
16
La Pine, Oregon 10 Acres $110,000 Cascade Sotheby’s International Realty
Knoxville, Tennessee .42 Acres $159,000 Alliance Sotheby’s International Realty
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
176
200
8
5
100
3
Days on Market
80
Cumulative Days on Market
25 25 0
0 Q3 2013
Q3 2014
Q3 2013
Q3 2014
Average Sale Price $800,000 $700,000
$745,667
Sold Price Per Sqft $400 $305
$295
Q3 2013
Q3 2014
$300
$639,188
$600,000
$200
$500,000 Q3 2013
Q3 2014
$100
List Prices versus Sold Prices $850,000 $765,333
$650,000
$765,333
$656,125 $652,375 $639,188
$745,667 Original List Price Final List Price Sold Price
$450,000 Q3 2013
Q3 2014
In the News - Post & Courier, September 27, 2014 Charleston agency takes part in luxury real estate conference
Local agency Daniel Ravenel Sotheby’s International Realty brought Lowcountry expertise to a global conference while networking with agents worldwide. The Realtor firm took part in the 2014 Sotheby’s International Realty Global Networking Event. According to Daniel Ravenel Sotheby’s, the show brought together 1,500 people from 31 countries and territories worldwide. The three-day event Sept. 8-10 at the Fontainebleau Miami Beach in Florida permits hundreds of agents worldwide to chat up and “share best practices with their colleagues from all over the world,” according to the agency. “The global networking event provides a great value to our firm,” says Dan Ravenel, owner and broker-in-charge. “It offered the opportunity to network with some of the world’s most talented real estate professionals, generate valuable referral business and learn more about the industry and the Sotheby’s International Realty brand’s vision for the future,” he says. “Together, our brand is making statements globally, and this conference is proof that we are the voice of luxury real estate worldwide,” Ravenel says. The Daniel Ravenel agency offers “exclusive” Sotheby’s International Realty marketing, advertising and referral services, it says. The services are “designed to attract well-qualified buyers to the firm’s property listings.” Also, the firm and clients benefit from a tie-in with Sotheby’s auction house, which promotes real estate referrals with its clientele. Furthermore, the Charleston affiliate can refer its real estate customers to Sotheby’s auction house for “jewelry, art, unique furniture and collectible appraisal services.” Property listings from Daniel Ravenel Sotheby’s International Realty are pitched on the sothebysrealty.com global website and the local DanielRavenelSIR.com connection. The brand also provides specialized “lifestyle” websites featuring farm and ranch, historic, waterfront and golf properties at FarmandRanchSIR.com, HistoricPropertySIR.com, WaterfrontPropertySIR.com and GolfPropertySIR.com. “Our annual Global Networking Event brings together members from all over the world with the common goal of sharing their experiences and market insights,” says Philip White, president and chief executive of Sotheby’s International Realty Affiliates LLC. “This year’s conference provided our record number of attendees with an overview of the brand’s strategic vision for next year and beyond, from our marketing efforts to our global expansion and record-breaking sales,” he says. The Sotheby’s International Realty network claims 15,000 independent sales associates in 720 offices worldwide. All independently owned and operated, the real estate centers are in 52 countries and territories. Founded more than 30 years ago, Daniel Ravenel Sotheby’s International Realty has closed more than $1.5 billion in real estate sales during that time. The agency, which joined Sotheby’s International Realty in 2007, says it “has taken its local market expertise and expanded into the international arena.” Daniel Ravenel SIR says it has forged “a close partnership with the Sotheby’s Auction House and a powerful referral network worldwide.” The agency, headquartered at 33 Broad St., can be reached at www.DanielRavenelSIR.com. For more information, contact sales and marketing director Ruthie Ravenel at 843-723-7150. 18
Destination: Charleston
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 140
200
130
159
150
120
100
114
109
Days on Market
92
76
Cumulative Days on Market
50 0
100 Q3 2013
Q3 2014
Q3 2013
Q3 2014
Average Sale Price $375,000 $300,000
$296,734
$324,602
Sold Price Per Sqft $160
$152
$150
$225,000
$142
$140
$150,000 Q3 2013
Q3 2014
$130 Q3 2013
Q3 2014
List Prices versus Sold Prices $360,000 $341,001 $340,000
$333,141 $324,602
$320,000 $300,000
Original List Price Final List Price
$304,478 $299,346 $296,734
Sold Price
$280,000 Q3 2013
Q3 2014
On the Market Featured Property
This is fantastic opportunity to own a 93 acre recreational hunting tract 20 minutes from downtown Charleston and 15 minutes from Kiawah Island. This interior Johns Island tract has an abundance of turkeys, deer and ducks. The local owners have made significant improvements to this property over the last several years which consists of an 8 acre upland impoundment for ducks, a dove field, a beautiful live oak avenue, a 5.4 acre pond and custom built deer stands. There is a beautiful homesite area adjacent to the centrally located pond and tucked away beneath a gorgeous stand of live oaks and other hardwoods. For sporting enthusiasts, who want a private hunting preserve very close to Charleston and Kiawah, this is a great chance to own a little piece of paradise on Johns Island!
The Farms at Brickhouse Plantation 220 +/- Acres $3,995,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Daniel, Wyoming 703 Acres $3,850,000 Jackson Hole Sotheby’s International Realty
Mora, New Mexico 496 Acres $3,800,000 Sotheby’s International Realty Santa Fe
22
Galena, Maryland 339 Acres $3,495,000 Brandywine Fine Properties Sotheby’s International Realty
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 300
105
262
85
231
250
86
81
75
Days on Market
65 200
53 Cumulative Days on Market
45 25
150 Q3 2013
Q3 2014
Q3 2013
Average Sale Price $350,000
Q3 2014
Sold Price Per Sqft $200
$285,516
$285,414
$148
$148
Q3 2013
Q3 2014
$150 $250,000 $100 $150,000 Q3 2013
Q3 2014
$50
List Prices versus Sold Prices $310,000 $300,000 $290,000
$303,524 $296,290
$293,198 $292,459
$285,414
$285,516
Original List Price
$280,000
Final List Price
$270,000
Sold Price
$260,000 $250,000 Q3 2013
Q3 2014
Featured Ad Oasis, September 2014 Issue 5_IndigoParkSpread_OasisDoublePageSpread 8/11/14 9:18 AM Page 1
e New Standard in Environmentally Responsible Luxury… Discover the Indigo Park Difference in Kiawah's newest eco-friendly development built by one of Kiawah's most reputable builders Royal Indigo Construction. Centrally located in the heart of Kiawah Island, Indigo Park consists of 16 new construction LEED certified homes with marsh views and a lovely community park. With 4 models to choose from, ranging in size from 2 to 5 bedrooms, there is something for everyone
Issue 5_IndigoParkSpread_OasisDoublePageSpread 8/11/14 9:18 AM Page 2
at Indigo Park. Each home has been painstakingly designed and constructed, using the most sustainable building materials and earth friendly building practices that allow owners to live comfortably and in harmony with nature with minimal impact on the environment. Highlights of these remarkable homes include an elevator, French white oak floors, an outdoor deck with dipping pool, and indoor and outdoor fireplaces, and separate guest house. All homes feature high-end fixtures, Energy Star appliances, and the most luxurious master suites with spa-like baths and marsh views. If you are looking for a high quality, turnkey property with minimal maintenance and minimal impact on the environment, don’t miss this opportunity to live your dream luxury lifestyle responsibly!
For more information, contact: H. Middleton Rutledge 843.345.9137 | MRutledge@DanielRavenelSIR.com
...e Vision
...e Difference
...e Location
Indigo Park is the Vision of Candace Dyal, president of Dyal Compass LLC, whose mission is to invest in and develop real estate products that focus on conservation and a healthier environment. Candace has teamed up with Christopher Rose Architects and Royal Indigo Construction to fulfill what she calls "a concept that's important to everyone on the team; to build with a conscience." With this aspirational vision met, Indigo Park would be the first community in a luxury resort of entirely LEED Certified homes.
NuCedar exterior shingles need no painting or staining. Hurricane-resistant windows and doors, along with Energy Star appliances, mean less maintenance and more savings on utilities. Integrated geothermal systems are not only quiet and environmentally friendly, but also contribute to the energy efficiency of these homes. In addition, every garage is equipped with a 220-watt outlet to charge an electric car.The goal of these amenities? Let homeowners enjoy a beautiful home without time-consuming maintenance and costly overhead.
One of the best locations on Kiawah, Indigo Park is only steps away from Rhett’s Bluff boat landing, The River Course golf course, and all the associated amenities including the River Course Club House and the Sasanqua Spa. This is the perfect location to bike to the rest of the island's amenities as well! New homeowners in Indigo Park will have the option to purchase an exclusive Kiawah Island Club membership at any level - Golf, Sports, or Social.
33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com
24
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
200 150
131
150
75
69
77
66
76
100
Days on Market Cumulative Days on Market
50
25 Q3 2013
Q3 2013
Q3 2014
Average Sale Price
Q3 2014
Sold Price Per Sqft
$300,000 $256,350
$242,052 $225,000
$140
$136 $129
$120
$150,000 Q3 2013
Q3 2014
$100 Q3 2013
Q3 2014
List Prices versus Sold Prices $400,000 $350,000
$344,968
$300,000 $250,000
$255,141 $242,052
$277,054 $269,021 $256,350
Original List Price Final List Price Sold Price
$200,000 $150,000 Q3 2013
Q3 2014
On the Market Featured Property
You must see this magnificent Ashley Harbor brick home with deep moldings, extensive woodwork and Brazilian cherry floors. The large family room, with enclosed TV cabinet and fireplace with gas logs, opens to the eat-in kitchen which is fully equipped with high-end appliances, hand-painted and hand-stained cabinets, granite counter tops, center island, wet bar, wine cooler and pantry. The master bedroom, with 2 large walk-in closets with builtins, and marble master bath with separate shower and tub, is on the first floor. Upstairs there are 4 bedrooms, 3 full baths, large bonus room over garage, plus 2 walk-in unfinished storage areas. Other features include plentiful storage, central vac, in-wall speakers and working shutters. Enjoy the screened back porch, the bluestone patio and fountain. Ashley Harbor is a gated community with a neighborhood boat landing.
2207 Weepoolow Trail 5BR/4+B | 4,657 SqFt $895,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Langley, Washington 2BR/2B 3,030 SqFt $925,000 Realogics Sotheby’s International Realty
Treasure Cay, Bahamas 3BR/2B 2,486 SqFt $920,000 Damianos Sotheby’s International Realty 26
Essex, Massachusetts 4BR/2.5B 5,709 SqFt $950,000 By the Sea Sotheby’s International Realty
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 248
250
188
200 155
200 150
153
Days on Market
150
108
Cumulative Days on Market
114
100 100
50 Q3 2013
Q3 2013
Q3 2014
Average Sale Price $1,000,000
$750,000
Q3 2014
Sold Price Per Sqft $347
$359
Q3 2013
Q3 2014
$400 $809,588
$741,641
$300 $200
$500,000 Q3 2013
Q3 2014
$100
List Prices versus Sold Prices $1,050,000
$950,000
$941,911 $944,888
$931,972
$903,798
Final List Price
$860,680 $850,000
Sold Price
$801,667
$750,000 Q2 2013
Original List Price
Q2 2014
On the Market Featured Property
Located on one of Charleston’s most highly coveted streets South of Broad, the ‘’White-Williman House’’ was built around 1840 by James White, who originally purchased this lot from Robert Trail Chisolm in 1838. The original home had two grand, masonry square porticos which were severely damaged and later removed, shortly after the earthquake of 1886. Later, Italianate style alterations were made by both the Williman and Frost families. This handsome, approximately 6400 square foot home, provides plenty of charm and space that you immediately notice once you enter a long, light filled entrance hallway. Buyers looking for a historical home with a premiere Charleston location, and an option to customize a home to their specific taste, this is great prospect that you do not want to miss!
259 Legare Street 7BR/6+B | 6,400 SqFt $3,650,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Greenwich, Connecticut 7BR/6.5B 6,785 SqFt $3,995,000 Sotheby’s International Realty Greenwich Brokerage
Santa Fe, New Mexico 7BR/5+B 8,500 SqFt $3,975,000 Sotheby’s International Realty Santa Fe Brokerage 28
Abbotsford, British Columbia 9BR/8B 44,340 SqFt $3,969,022 Sotheby’s International Realty Canada
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 350
90
329
81
80 70
300
280
Days on Market
66 57
60
48
50
Cumulative Days on Market
40
250 Q3 2013
Q3 2013
Q3 2014
Q3 2014
Average Sale Price $500,000 $450,000
$439,600
$453,894
Sold Price Per Sqft $250 $195
$200
$205
$400,000 $150
$350,000 $300,000 Q3 2013
Q3 2014
$100 Q3 2013
Q3 2014
List Prices versus Sold Prices $480,000
$460,000
$440,000
$471,867
$465,820
$459,592 $454,438
$453,894
Final List Price
$439,600
Sold Price
$420,000 Q3 2013
Original List Price
Q3 2014
On the Market Featured Property
Gracious Southern living in the charming Old Village of Mt. Pleasant, South Carolina....just minutes away from downtown Charleston and Sullivan`s Island. This 4,205 sq.ft. Charleston Single, located at 429 Whilden, dates back to 1803 and was the town`s first post office. After undergoing an extensive renovation to bring the house and grounds into the 21st century, this historic property was recently featured in the CHARLESTON HOME Magazine. The efficiently designed kitchen features top-of-the-line stainless steel appliances, Carrera marble countertops and a charming breakfast nook with built-in seating.
429 Whilden Street 5BR/4.5B | 4,205 SqFt $1,499,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Turtle Cove, Turks and Caicos 1BR/1.5B 1,500 SqFt $2,000,000 Turks and Caicos Sotheby’s International Realty
Ibiza, Spain 3BR/4.5B 2,723 SqFt $1,498,433 Ibiza Sotheby’s International Realty 30
Rhone-Alpes, France 6BR/2+B 4,306 SqFt $1,498,433 Perle du Lac Sotheby’s International Realty
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 14
15
350
307
300
10
Days on Market
250
6
200
5
194 156
178 Cumulative Days on Market
150
0
100 Q3 2013
Q3 2013
Q3 2014
Average Sale Price $1,900,000
Q3 2014
Sold Price Per Sqft $582
$600
$1,819,643
$1,800,000
$523
$550
$1,700,000
$1,631,750
$1,600,000
$500 $450
$1,500,000 Q3 2013
Q3 2014
$400 Q3 2013
Q3 2014
List Prices versus Sold Prices $2,200,000 $2,000,000
$2,015,993 $1,990,279 $1,819,643
$1,800,000
$1,755,067 $1,740,067 $1,631,750
$1,600,000
Original List Price Final List Price Sold Price
$1,400,000 $1,200,000 Q3 2013
Q3 2014
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33 Broad Street Charleston, SC 29401 O: 843.723.7150 | 843.723.7494
Daniel Ravenel Sotheby’s International Realty 33 Broad Street Charleston, SC 29401 O: 843.723.7150 | 843.723.7494 www.DanielRavenelSIR.com