2015 Q3 REPORT
market update preface Downtown Charleston’s Luxury Real Estate Market Shows a Strong and Steady Rise Charleston isn’t just a hot tourist destination, it’s a desirable place for people to make their home. An average of 43 people move to Charleston each day. It’s the second most popular place for movers within the United States. Northerners flock to the South Carolina coast to escape snow and cold winters, taking advantage of a warmer climate plus an average home price that’s lower than many other parts of the country. But it’s not just the recent college graduate or families frustrated by one too many snow days coming South for a beach bungalow or family friendly neighborhood, the high-end homes on the Charleston peninsula are fetching top dollar as well. For example, Daniel Ravenel Sotheby’s International Realty represented the buyers of 32 South Battery. The house, which closed over the summer, sold for $7,717,500 – the highest price ever paid for a home on the historic Charleston peninsula. The sale of The Colonel John Ashe House not only surpasses the record, but it also emphasizes the upswing of real estate in the downtown Charleston area. Quarter 3 of 2015 was very strong for the luxury market downtown, a fact which is reflected in the statistics. With decreasing inventory and high demand from luxury buyers, homes are fetching high prices on the peninsula. There were only half as many closed sales in Quarter 3 of this year compared with 2014, and the average sale price increased by a whopping 38%. This huge jump is a result of both a lower number of sales and the impact of three large sales - 15 Orange Street (sold for $3,200,000) ; 1 Meeting Street (sold for $4,200,000), and 32 South Battery, (sold for $7,717,500). While these three sales moved the average sale price up a significantly, the more useful number is sale price per square foot. The average price per square foot for South of Broad in Q 3 2014 was $500, whereas the number for 2015 is up to $527 per square foot. That is an increase of 5% year over year, which shows the reality of a more balanced market with steady and sustainable price increases. Other interesting statistics are in the downtown area below the Crosstown, where the average price per sale for homes over $1M went up nearly 15% (14.8%) from Quarter 3 2014 to Quarter 4 2015. All these numbers are telling, showing a strong and balanced market with prices steadily rising on the high end. What does this mean for home buyers and sellers on the peninsula? Local realtor Ruthie Ravenel says “this means that as a buyer you are seeing more and more competition for quality homes on the market. Cash offers are predominant in price ranges over $1M, so those buyers who are financing their purchase may have to come up with other ways to be competitive.” “Sellers are seeing rising home values and in some cases bidding wars for well priced luxury property. Many homes are selling off the market - there are lots of buyers out there looking for historic properties downtown.” Be sure to contact Daniel Ravenel SIR to find out how to best market your home for sale, or what the best strategy is for a purchase. In this increasingly competitive market, it is more important than ever to have a full time professional agent on your side, using their experience and negotiation skills to help you take advantage of these dynamic market conditions.
selling the extraordinary 5 For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
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 200
200
147
150
150
114
100
100
50
50
0
0 Q3 2014
Q3 2015
159 Days on Market
92
57 69
Q3 2014
Average Sale Price $350,000
$324,602
$344,689
$150,000
Q3 2015
Sold Price Per Sq3 $200 $150
$250,000
Cumula>ve Days on Market
$152
$151
Q3 2014
Q3 2015
$100 Q3 2014
Q3 2015
$50
List Prices versus Sold Prices $400,000 $341,001 $333,141 $324,602
$369,397 $355,489 $344,689
Final List Price
$300,000
$200,000
Original List Price
Sold Price
Q3 2014
Q3 2015
featured property |
john’s island
The Farms at Brickhouse Plantation H. Middleton Rutledge
& wadmalaw island
$3,200,000 220 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 & Folly Beach 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 350
105
292
85
250
50
74 53 58
65
147
150
90
Cumula>ve Days on Market
45 Q3 2014
25
Q3 2015
Q3 2014
Average Sale Price $350,000
$305,706
$312,811
Q3 2015
Sold Price Per Sq3 $250 $200
$250,000
Days on Market
$198 $165
$150 $100
$150,000
Q3 2014
Q3 2015
$50
Q3 2014
Q3 2015
List Prices versus Sold Prices $400,000
$321,817 $315,121 $305,706
$330,347 $322,560 $312,811
$300,000
Original List Price Final List Price Sold Price
$200,000
Q3 2014
Q3 2015
AROUND THE WORLD WITH SOTHEBY’S Sotheby’s Auction House London
sold an autographed manuscript of Bob Dylan’s from 1987 for 10,000 GBP.
Sotheby’s International Realty Beverly Hills Brokerage
listed the home of Tyra Banks for $7,075,000.
Gulf Sotheby’s International Realty
expands from Dubai and Abu Dhabi into 5 additional Gulf countries.
Brussels Sotheby’s International Realty
sells landmark building, the Louise residence, for $13,080,000. The Sotheby’s International Realty
Sotheby’s International Realty
brand held a networking event for European, Middle Eastern and African affiliates in Rome.
East Side Manhattan Brokerage
sells unit in 1 Central Park South for $15,000,000. The Sotheby’s International Realty
brand partnered with The Financial Times to exclusively create the custom content series, Distinctive Living.
selling the extraordinary For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
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 200
125 150
100
143
Q3 2014
75
25
Q3 2015
66
Days on Market
76 54
Q3 2014
$256,350
$259,366
Sold Price Per Sq3 $200 $157
$225,000
$150,000
$136
$150
Q3 2014
Cumula=ve Days on Market
Q3 2015
Average Sale Price $300,000
63
Q3 2015
$100
Q3 2014
Q3 2015
List Prices versus Sold Prices $300,000 $277,054 $269,021
$273,068
$266,020
$256,350
$259,366
$250,000
Original List Price Final List Price Sold Price
$200,000
Q3 2014
Q3 2015
signiďŹ cant sales quarter 3 2015
32 South Battery Sold by: Ruthie Ravenel
SP $7,717,500 Listed by: Pam Harrington
59 Anson Street Sold by: Ruthie Ravenel
SP $1,975,000 Listed by: Dunes Prop.
5718 Captain Kidd Rd Listed by: H. Middleton Rutledge
1402 Thompson Ave Sold by: Anne Edson
SP $1,224,455 Hollywood
SP $1,225,000 Listed by: Dunes Prop.
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 150
200
108 82
100
150 50 0
125
114 Q3 2014
100
Q3 2015
Q3 2014
Average Sale Price $1,000,000
$809,588
164
153
$797,250
$750,000
Days on Market Cumula>ve Days on Market
Q3 2015
Sold Price Per Sq3 $400
$359
$370
$350 $300
$500,000
Q3 2014
Q3 2015
$250
Q3 2014
Q3 2015
List Prices versus Sold Prices $1,500,000
$1,369,013
$1,250,000 Original List Price $1,000,000
$854,248 $809,588
$912,652 $862,726 $797,250
$750,000 $500,000
Q3 2014
Q3 2015
Final List Price Sold Price
featured property | downtown charleston
192 Ashley Avenue, B | The Beauregard House Lebby & Vida Robertson
$995,000 2B 2b 2,618 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
55
280
300
50 200 100
57
60
352
49
48 45
45 Q3 2014
40
Q3 2015
Q3 2014
$495,303
$470,000
Cumula>ve Days on Market
Q3 2015
Average Sale Price $520,000
Days on Market
Sold Price Per Sq3 $233
$250
$205
$200
$453,894
$150 $420,000
Q3 2014
Q3 2015
$100
Q3 2014
Q3 2015
List Prices versus Sold Prices $550,000
$500,000
$523,874
$513,576 $495,303
$471,867 $465,820
Final List Price
$453,894 $450,000
$400,000
Original List Price
Sold Price
Q3 2014
Q3 2015
media release Ultra Wealthy Buying Homes As ‘Opportunity Gateways’ For Investment Diversification And Citizenship Or Foreign Residency New York, 12 August 2015 – A growing number of ultra high net worth (UHNW) individuals view homes as ‘opportunity gateways’, driving buying decisions that are based on potential opportunities from owning these luxury residential properties, according to the latest study by Wealth-X and the Sotheby’s International Realty® brand released today. The UHNW Luxury Real Estate Report: Homes As Opportunity Gateways reveals two trends that are fueling the rise in the number of ultra wealthy individuals who are buying luxury homes: (1)International home-buying by UHNW individuals (defined as those with at least US$30 million in assets) from emerging nations seeking a safe investment diversification. (2) Home-buying as part of a program to gain citizenship or residency status in foreign nations. The report provides insight into the UHNW residential real estate opportunities in Sydney and Vancouver for buyers seeking safe investment diversification; and Malta, the Bahamas and Sao Paulo, which may appeal to ultra wealthy buyers who are seeking citizenship or residency through property investment. The UHNW Residential Real Estate index, tracked by Wealth-X, rose to 115.2 in Q2 2015, an 8.3% rise year-on-year, and the sixth consecutive quarter in which the index has risen. The continued rise in the index reflects the confidence of UHNW individuals to invest in luxury residential real estate. The index takes into account the full range of luxury residential properties that are owned by the world’s wealthiest individuals. Wealth-X data shows there are 211,275 UHNW individuals globally, who collectively hold nearly US$3 trillion in real estate assets, equal to 10% of their net worth. Below are other key findings from the report: • 12% of second homes purchased by UHNW individuals in emerging countries (those who reside in BRICS nations) are located outside their country of residence. • Recent market fluctuations in emerging nations are leading a new generation of UHNW investors to consider investing in luxury residential real estate in Western markets. • Chinese UHNW individuals make up the third largest share of foreign UHNW homeowners in the United States, behind only Canada and the United Kingdom. • Twenty nations in Europe and the Americas now offer citizenship or residency programs to individuals willing to invest in domestic residential real estate. • Many residential real estate markets with such programs – including Sao Paulo, Malta, and the Bahamas – offer good long-term investment opportunities. Wealth-X President David Friedman commented: “Wealth-X is pleased to partner with the Sotheby’s International Realty brand for this third luxury real estate report for 2015. This new joint study explores the trends and home-buying motivations of a distinct group of ultra wealthy individuals in the emerging markets. As their wealth grows, so will their investment fueled by various motivations, be it to diversify their portfolio or to gain citizenship or residency in a foreign country.” According to Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC, this joint report was designed to provide an understanding of the trends driving buying decisions of ultra high net worth individuals around the world. “The research reveals trends that go beyond traditional motivations and help guide real estate investments that contribute to long-term wealth,” he said. “It underscores the important role real estate plays in a larger strategy to build a valuable asset portfolio.” Download the report here.
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 431
440
60
420 400
55
384
63 57
54
Days on Market
50
380 360
63
65
Cumula>ve Days on Market
45 Q3 2014
40
Q3 2015
Q3 2014
Q3 2015
Average Sale Price $450,000 $402,437
$433,529
Sold Price Per Sq3 $250 $200
$400,000
$164
$175
$150 $350,000
Q3 2014
Q3 2015
$100
Q3 2014
Q3 2015
List Prices versus Sold Prices $470,003
$480,000 $460,000
$438,906 $433,529
$440,000 $420,000
$411,376 $407,682 $402,437
Final List Price
$400,000
Sold Price
$380,000 $360,000
Original List Price
Q3 2014
Q3 2015
lifestyle comparison Equestrian properties
Creston, CA $2,600,000 Wilson & Co. Sotheby’s International Realty 106 Acres
921 Rock Hill Road | Holly Hill, SC Jane Stoney Cook
$2,500,000 117.8 Acres
see more at farmandranchSIR.com ...
When a well organized, highly recognized - extraordinary brand specifically zeros in on a niche market, aspirations are met. If you are seeking trophy ranches, there is only one global brand that showcases these properties and lifestyles at a beautiful new location. farmandranchSIR.com
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 our listing, 1650 Appaloosa Drive in Sumter featured around the world as the Extraordinary Property of the Day for Sotheby’s International Realty!! This is a truly magnificent showcase for 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
65
94
90
60
62 55 56
55
77
50
70 50
58
Cumula>ve Days on Market
45 Q3 2014
40
Q3 2015
Q3 2014
Q3 2015
Average Sale Price
$669,512
$680,000 $660,000 $640,000 $620,000
Days on Market
Sold Price Per Sq3 $250
$224
$234
$200
$640,042
$150 Q3 2014
Q3 2015
$100
Q3 2014
Q3 2015
List Prices versus Sold Prices $700,000
$687,452
$680,218
$680,000 $660,000
$669,512
$657,385 $653,719
Original List Price
$640,042
$640,000
Final List Price Sold Price
$620,000 $600,000
Q3 2014
5
Q3 2015
featured property | daniel island
1480 Wando View Street Andrew Robertson
$3,885,000 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 300
100 57
250
50
50
236
273
200
125
150
164
Cumula=ve Days on Market
100 0
Q3 2014
50
Q3 2015
Q3 2014
Average Sale Price $850,000
$750,000
Q3 2015
Sold Price Per Sq3 $460
$757,258
$751,503
Days on Market
$427
$410 $343
$360 $310
$650,000
Q3 2014
Q3 2015
$260
Q3 2014
Q3 2015
List Prices versus Sold Prices $900,000
$837,706 $814,967 $751,503
$872,080 $800,230 $757,258 Original List Price
$700,000
Final List Price Sold Price
$500,000
Q3 2014
Q3 2015
SimilarWeb.com: website visits comparison July ʻ14 - July ʻ15
SimilarWeb.com Website Visits Comparison July ’14 - July ’15 sothebysrealty.com christiesrealestate.com
engelvoelkers.com savills.com
luxuryrealestate.com knightfrank.com
luxuryportfolio.com
selling the extraordinary For more information or to explore our collection of extraordinary properties in the Charleston area, visit DanielRavenelSIR.com
z
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 30
500
25
400
20
200
10 0
Days on Market
228
300
12
461
405
129
Cumula>ve Days on Market
100 Q3 2014
0
Q3 2015
Q3 2014
Average Sale Price $2,117,917
$2,500,000 $2,000,000
$1,531,620
Sold Price Per Sq3 $600 $500
$500
$1,500,000 $1,000,000
Q3 2015
$527
$400 Q3 2014
Q3 2015
$300
Q3 2014
Q3 2015
List Prices versus Sold Prices $3,000,000
$2,641,250 $2,403,125
$2,500,000
$2,117,917 $2,000,000
Final List Price
$1,677,580 $ 1,620,040 $1,531,620
Sold Price
$1,500,000 $1,000,000
Q3 2014
Original List Price
Q3 2015
featured property | south of broad
41 Tradd Street H. Middleton Rutledge
$2,395,000 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 28
30
400 19
20
300 200
10 0
308 148 170
Days on Market
168
Cumula>ve Days on Market
100 Q3 2014
0
Q3 2015
Q3 2014
Average Sale Price $734,790
$740,000 $720,000 $700,000
Sold Price Per Sq3 $380
$365
$360
$693,807
$340
$680,000 $660,000
Q3 2015
$322
$320 Q3 2014
Q3 2015
$300
Q3 2014
Q3 2015
List Prices versus Sold Prices $800,000
$700,000
$760,241 $736,796
$781,986 $765,542 $734,790
$693,807 Original List Price Final List Price
$600,000
$500,000
Sold Price
Q3 2014
Q3 2015
coming soon south of broad
40 Tradd Street | Photo c. 1937, courtesy of the Library of Congress To be listed by: Jane Stoney Cook, 843.270.0716
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 10
300
5
4
5
200 100
0
363 363
400
Q3 2014
0
Q3 2015
Days on Market 90 90
Cumula>ve Days on Market
Q3 2014
Q3 2015
Average Sale Price $1,100,000
$1,005,625
$650 $600
$900,000 $705,288
$700,000 $500,000
Sold Price Per Sq3 $595
$550
$508
$500 Q3 2014
Q3 2015
$450
Q3 2014
Q3 2015
List Prices versus Sold Prices $1,500,000
$1,000,000
$1,050,000 $1,047,500 $1,005,625
Original List Price $892,500
Final List Price $743,200 $705,288
$500,000
Q3 2014
Q3 2015
Sold Price
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 525
10 5
5
0
425
351
Q3 2014
225
156
Cumula=ve Days on Market
125 25
Q3 2015
Q3 2014
Average Sale Price $1,250,000
$1,141,400
$1,377,000
$440
$433
$436
$430 $420
$750,000
$410 Q3 2014
Q3 2015
Sold Price Per Sq3
$1,000,000
$500,000
Days on Market
325 2
$1,500,000
410 409
Q3 2015
$400
Q3 2014
Q3 2015
List Prices versus Sold Prices $1,650,000
$1,512,000
$1,500,000 $1,350,000 $1,200,000
$1,412,500 $1,215,800 $1,141,400 $1,166,800
Original List Price List Price
$1,050,000
Sold Price
$900,000 $750,000
$1,377,000
Q3 2014
Q3 2015
featured property | ansonborough
49 Society Street Casey Murphey
$1,990,000 4B 4.5b 3,612 SqFt
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 200
15 10
10
100 5 0
Q3 2014
0
Q3 2015
53
$615,875
$550,000
$469,135
Q3 2014
Sold Price Per Sq3 $400 $283
$293
Q3 2014
Q3 2015
$200
$350,000 $250,000
Q3 2015
$300
$450,000
Days on Market Cumula>ve Days on Market
Average Sale Price $650,000
137 137
107
8
Q3 2014
Q3 2015
$100
List Prices versus Sold Prices $662,813 $645,438
$700,000
$615,875
$600,000 $500,000
Original List Price
$498,550 $494,200 $469,135
Final List Price Sold Price
$400,000 $300,000
Q3 2014
Q3 2015
IMAGINE
the value of a brand’s heritage Our heritage is built on 271 years of selling the inďŹ nitely unique. Today, we continue that tradition by maintaining a resolute focus on quality, service and expertise as we represent extraordinary properties in Charleston and around the world.
33 Broad Street, Charleston, SC 29401 843.723.7150 | danielravenelsir.com
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
Days On Market
15
300 206
11
Days on Market
200
10
10
252
100 5
Q3 2014
0
Q3 2015
14 14 Q3 2014
Average Sale Price $400,000
$373,774
$387,200
$400 $300
$300,000
$200 Q3 2014
Q3 2015
Q3 2015
Sold Price Per Sq3
$350,000
$250,000
Cumula=ve Days on Market
$312 $235
$100
Q3 2014
Q3 2015
List Prices versus Sold Prices $450,000 $400,000
$392,664 $390,573 $373,774
$396,100 $397,600
$350,000
Original List Price $287,200
$300,000 $250,000
Sold Price
$200,000 $150,000
Final List Price
Q3 2014
Q3 2015
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1480 Wando View Street Andrew Robertson
2731 Jenkins Point Road Lenora White & David Crump
$3,885,000 5B 6b 5,507 SqFt
$4,599,000 5B 4.5b 4,800 SqFt
Botany Bay Island Ruthie Ravenel
Holly Hill Equestrian Property Jane Stoney Cook
$500,000 1.01 Acres & 0.99 Acres
$2,500,000 117.8 Acres
selling the extraordinary 5 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 30
45
27
25
40
20
20
43 Days on Market
35 30
15 10
40
25
25 Q3 2014
20
Q3 2015
Q3 2014
$385,683
$402,925
Sold Price Per Sq3 $350 $250
$350,000
Cumula?ve Days on Market
Q3 2015
Average Sale Price $450,000
29
$226
$242
Q3 2014
Q3 2015
$150 $250,000
Q3 2014
Q3 2015
$50
b
List Prices versus Sold Prices $500,000
$400,000
$391,548 $392,482 $385,683
$424,490 $409,675 $402,925 Original List Price Final List Price
$300,000
$200,000
Sold Price
Q3 2014
Q3 2015
We sell all kinds of jewels. We celebrate the rare, the beautiful and the exceptional in all things. Including the most desirable homes in the world. We curate them. We showcase them. We present them as no one else can - to attract the most qualified buyers. Whether they are just down the street or a world away. Chances are we already know them. And they know us. Let us show you.
BEVERLY HILLS | LONDON | HAMPTONS | LOS ANGELES | NEW YORK CITY | ROME PALM BEACH | CHARLESTON | SAN FRANCISCO | DUBAI | GREENWICH NAPA VALLEY | CAPE COD | PARIS | SANTA BARBARA | MIAMI | ASPEN | BEIJING Each Office Is Independently Owned and Operated. Fair Housing and Equal Opportunity Company
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 5
176
200 3
3
150 100
80
79
95
Cumula?ve Days on Market
50 0
Q3 2014
0
Q3 2015
Q3 2014
Q3 2015
Average Sale Price $800,000
$745,667 $575,633
$600,000
$365
$400 $295
$200
$200,000 $-‐
Sold Price Per Sq3 $300
$400,000
Days on Market
Q3 2014
Q3 2015
$100
Q3 2014
Q3 2015
List Prices versus Sold Prices $1,100,000 $765,333 $765,333 $745,667 $600,000
$602,633 $610,967 $575,633
Original List Price Final List Price Sold Price
$100,000
Q3 2014
Q3 2015
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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 | F: 843.723.7494 www.DanielRavenelSIR.com