Quarter 3 2017 CHARLESTON, SC MARKET UPDATE W est A shley | J ames I sland | F olly B each | J ohns I sland | K iawah I sland | S eabrook I sland | M t . P leasant | S ullivan ’ s I sland | I sle of P alms | W ild D unes | D aniel I sland | N orth C harleston | D ewees I sland | S ummerville | D owntown C harleston | A nsonborough | C annonborough | F rench Q uarter | H arleston V illage | H ampton P ark | W agener T errace | R adcliffeborough | S outh of B road | W raggsborough
Section 1: Charleston Area
JOHNS ISLAND AND WADMALAW ISLAND
Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales A stunning contrast to more developed areas of Charleston, 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.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 188
2016 $153.57
2016 38
2016 $319,488
2017 247
2017 $166.93
2017 51
2017 $345,189
Our Firm’s Johns Island and Wadmalaw Listings: 4020 Betsy Kerrison Pkwy $4,224,000 3940 Chisolm Road $3,300,000 0 River Road (Under Contract) $2,500,000 3906 Betsy Kerrison Parkway (Under Contract) $1,595,000 4996 Maybank Highway $849,000 2616 Bohicket Road $639,000 3990 Betsy Kerrison Pkwy $546,000 1205 Turning Leaf Drive (Under Contract) $499,000 2632 Colonel Harrison Drive $468,000 1289 Martins Point Road $410,000 64 Anchor Watch Drive (Under Contract) $399,000 2963 Anchor Watch $174,900 1604 Bernier Commons $139,000
4020 BETSY KERRISON PARKWAY
JAMES ISLAND AND FOLLY BEACH
Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales A well established community, James Island is located 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.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 290
2016 $200.45
2016 50
2016 $334,033
2017 266
2017 $213.50
2017 57
2017 $389,422
Our Firm’s James Island and Folly Beach Listings: 672 Ellis Oak Drive $3,395,000 768 Whispering Marsh Drive (Under Contract) $814,000 2142 Golfview Drive $689,000 1983 Frampton Avenue $399,000 405 Stefan Drive $327,000 32 Meander Row Unit 8 $249,000 1984 Folly Rd, B210 $247,000
672 ELLIS OAK DRIVE
WEST ASHLEY (INSIDE I-526)
Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales West Ashley is located across the Ashley River, directly west of Downtown Charleston, and it is one of the earliest suburbs 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.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 180
2016 $171.96
2016 50
2016 $284,396
2017 158
2017 $190.62
2017 32
2017 $315,671
Our Firm’s West Ashley Listings: 13 Johnson Road 111 Folly Road 1505 Hurtes Island Drive 1053 Northbridge Drive
13 JOHNSON ROAD
$5,495,000 $1,495,000 $1,295,000 $425,000
WEST ASHLEY (OUTSIDE I-526)
Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 403
2016 $134.24
2016 39
2016 $256,947
2017 337
2017 $142.62
2017 29
2017 $265,640
Our Firm’s West Ashley Listing: 2108 Rookery Lane 2919 Sugarbush Way
2108 ROOKERY LANE
AVERAGE SALES PRICE
$695,500 (Under Contract) $315,000
RURAL WEST ASHLEY
Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 34
2016 $126.60
2016 80
2016 $310,403
2017 40
2017 $148.26
2017 84
2017 $340,761
Our Firm’s Rural West Ashley Listings: 5031 Old York Course 4074 Ten Shillings Way
4074 TEN SHILLINGS WAY
$1,750,000 $1,125,000
NORTH CHARLESTON (INSIDE I-526)
Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales North Charleston is an economic center of South Carolina, and houses some major players such as Boeing, Bosch and the Military complex including the Air Force Base. North Charleston is home to the newly renovated Charleston International Airport, the North Charleston Colliseum, which attracts major performers, and the Tanger Outlet shopping mall. With a flurry of economic activity, North Charleston offers affordable housing options throughout its large reach across the upper Peninsular area. With the intersection of the I-526 beltway and I-26, North Charleston enjoys easy access to all areas of Greater Charleston.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 82
2016 $123.47
2016 51
2016 $184,005
2017 119
2017 $130.98
2017 65
2017 $190,539
Our Firm’s North Charleston Listings: 1351 Bexley Street
(Under Contract) $199,000
NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 270
2016 $100.27
2016 38
2016 $160,868
2017 244
2017 $105.40
2017 37
2017 $165,101
KIAWAH ISLAND AND SEABROOK ISLAND
Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales 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. Seabrook Island, wholly owned by its residents, is also a gated island which offers lush maritime forests, a top rate tennis facility, two championship golf courses and a full service equestrian center. Seabrook also offers one of the widest beaches on the East Coast. *sales comparisons do not include properties listed and sold by Kiawah Island Real Estate, a non-MLS company
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 55
2016 $281.80
2016 178
2016 $607,871
2017 65
2017 $266.69
2017 126
2017 $734,875
Our Firm’s Kiawah and Seabrook Island Listings: 109 Flyway Drive $12,500,000 3147 Marshgate Drive $5,495,000 212 Ocean Marsh Road $3,925,000 3732 Seabrook Island Road $3,450,000 125 Halona Lane $3,100,000 113 Halona Lane (Under Contract) $2,350,000 119 Halona Lane $2,295,000 123 Halona Lane $1,995,000 13 Angler Hall $1,350,000 14 Ocean Green Drive $1,350,000 330 Moon Tide Lane $640,000 1328 Pelican Watch $345,000 1357 Pelican Watch $320,000 4260 Mariners Watch $268,000 174 High Hammock Road $132,500
212 OCEAN MARSH ROAD
SULLIVAN’S ISLAND
Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales Just past the fabulous shopping and dining in Mount Pleasant sits 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.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 18
2016 $526.36
2016 111
2016 $1,487,837
2017 18
2017 $605.58
2017 228
2017 $1,876,181
Our Firm’s Sullivan’s Island Listing: 844 Middle Street
844 MIDDLE STREET
$2,395,000
MT. PLEASANT (SOUTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales
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 Arthur 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. Mt. Pleasant is one of the fastest growing suburbs in the entire country.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 382
2016 $264.10
2016 56
2016 $543,560
2017 337
2017 $263.56
2017 49
2017 $537,308
Our Firm’s Mt. Pleasant Listings: 338 Cooper River Drive (Under Contract) $2,395,000 112 Cooper River Drive $675,000 864 Fountain Lane $409,000
RAVENEL BRIDGE
MT. PLEASANT (NORTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 454
2016 $189.57
2016 70
2016 $462,832
2017 365
2017 $193.10
2017 65
2017 $462,467
Our Firm’s Mt. Pleasant Listings: 3008 Fraserburgh Way 3509 Salterbeck Street 2745 Rush Haven Drive
(Under Contract) 379,900 (Under Contract) $279,900 $239,000
WANDO AND C AINHOY
Greater Charleston Area | Q1 2016 vs Q1 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 63
2016 $162.36
2016 52
2016 $350,991
2017 84
2017 $180.58
2017 47
2017 $393,925
WILD DUNES AND ISLE OF PALMS
Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales Originally known as “Long Island,” the Isle of Palms is one of Charleston’s premier beach communities. From smaller beach bungalows to luxury beach retreats well over a million dollars, the Isle of Palms has it all. Originally developed in the early 20th century as a beachfront with one hotel, and built up in the mid 20th Century, the Isle of Palms has blossomed into a full resort destination. Wild Dunes is a renowned community situated at the north end of the island and offers its residents innumerable amenities including tennis, clubhouses, and several world renowned golf courses right on the Intracoastal Waterway.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 57
2016 $400.04
2016 161
2016 $958,129
2017 77
2017 $401.47
2017 191
2017 $780,723
Our Firm’s Wild Dunes and Isle of Palms Listings: 120 Ocean Boulevard 2602 Palm Boulevard 48 Seagrass Lane 11 Morgan Place Drive
120 OCEAN BOULEVARD
$6,800,000 $5,000,000 $1,849,500 $1,495,000
DEWEES ISLAND
Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales Dewees Island is a secluded barrier island tucked away off the Intracoastal Waterway just north of the Isle of Palms. This private residential community is dedicated to preserving natural resources, and was founded on deep respect and harmony with nature. Dewees Island is a private island paradise that is only accessible to property owners, their guests, and potential buyers. This community was designed to preserve the island’s natural state, so many of the homes are almost imperceptible behind the trees when viewed from the inlet. Even when Dewees Island is fully developed, over 95% of the island will remain in its natural state. Only 150 homes sites will ever be available, and only a handful remain.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 1
2016 $88.10
2016 1614
2016 $265,000
2017 1
2017 $268.81
2017 72
2017 $512,600
Our Firm’s Dewees Island Listing: 171 Dewees Inlet Drive
171 DEWEES INLET DRIVE
$2,495,000
DANIEL ISLAND
Greater Charleston Area | Q3 2016 vs Q3 2017 | Single Family Home Sales 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, and sports complexes such as the MUSC Health Stadium where the Charleston Battery Soccer Team plays and the Family Circle Tennis Stadium, where the Volvo Car Open is held. Daniel Island is bustling with economic growth and increasing home sales.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 81
2016 $249.09
2016 72
2016 $679,980
2017 81
2017 $249.19
2017 92
2017 $719,254
DANIEL ISLAND
AVERAGE SALES PRICE
RIVERSID E
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33 Bro ad St re e t | Char leston, SC 29401 843-723-7150 | www.Danie lRavene lSIR.com
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Downtown Charleston
DOWNTOWN CHARLESTON (BELOW CROSSTOWN)
Downtown Charleston Neighborhoods | Q3 2016 vs Q3 2017 | Single Family Home Sales Located on the 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 crepe myrtles and oaks lead to winding alleys full of colorful architecture and historical significance. The famous mansions and gardens hide behind walls and iron gates, and magnificent historical churches and landmarks attract visitors from all over the world.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 126
2016 $403.60
2016 104
2016 $785,388
2017 99
2017 $473.03
2017 114
2017 $952,481
Our Firm’s Downtown Charleston Listings: 71 Anson Street $5,500,000 39 Society Street $2,300,000 176/178 Broad Street $2,200,000 61 Barre Street, A $1,995,000 53 East Bay Street, C $895,000 33 Calhoun Street, 141 $755,000 21 Corinne Street, 6 (Under Contract) $630,000
39 SOCIETY STREET
DOWNTOWN CHARLESTON (ABOVE CROSSTOWN)
Downtown Charleston Neighborhoods | Q3 2016 vs Q3 2017 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2016 62
2016 $261.28
2016 54
2016 $445,193
2017 48
2017 $323.56
2017 45
2017 $558,408
Our Firm’s Downtown Charleston Listings: 320 Ashley Avenue
HAMPTON PARK
$319,900
SOUTH OF BROAD
Downtown Charleston Neighborhoods | Q3 2016 vs Q3 2017 | Single Family Home Sales 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.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 20
2016 $514.62
2016 111
2016 $1,456,492
2017 19
2017 $649.79
2017 202
2017 $2,133,053
THE BATTERY
AVERAGE SALES PRICE
HARLESTON VILLAGE
Downtown Charleston Neighborhoods | Q3 2016 vs Q3 2017 | Single Family Home Sales 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 husband’s 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.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 26
2016 $432.53
2016 110
2016 $997,583
2017 13
2017 $426.79
2017 47
2017 $988,519
COLONIAL LAKE
AVERAGE SALES PRICE
FRENCH QUARTER
Downtown Charleston Neighborhoods | Q3 2016 vs Q3 2017 | Single Family Home Sales 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.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 6
2016 $619.13
2016 176
2016 $979,417
2017 6
2017 $760.78
2017 64
2017 $944,500
CHALMERS STREET | FRENCH QUARTER
AVERAGE SALES PRICE
ANSONBOROUGH
Downtown Charleston Neighborhoods | Q3 2016 vs Q3 2017 | Single Family Home Sales 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.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 5
2016 $461.64
2016 175
2016 $826,100
2017 6
2017 $527.87
2017 101
2017 $920,383
71 ANSON STREET
AVERAGE SALES PRICE
RADCLIFFEBOROUGH
Downtown Charleston Neighborhoods | Q3 2016 vs Q3 2017 | Single Family Home Sales 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. This area of Charleston is experiencing a large construction and development surge with many new hotels opening and under construction. In addition to hotels, condo buildings are being built here at a rapid rate, increasing the number of rooms available on the Peninsula and demanding top dollar rents for the new construction residences.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 17
2016 $349.85
2016 100
2016 $583,853
2017 9
2017 $415.67
2017 103
2017 $678,778
COLLEGE OF CHARLESTON PRESIDENT’S HOUSE
AVERAGE SALES PRICE
C ANNONBOROUGH - ELLIOTTBOROUGH
Downtown Charleston Neighborhoods | Q3 2016 vs Q3 2017 | Single Family Home Sales 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.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 20
2016 $307.09
2016 26
2016 $473,345
2017 10
2017 $414.03
2017 57
2017 $594,952
CHARLESTON PENINSULA SKYLINE
AVERAGE SALES PRICE
WAGENER TERRACE AND HAMPTON PARK
Downtown Charleston Neighborhoods | Q3 2016 vs Q3 2017 | Single Family Home Sales Wagener Terrace is a suburban area located on the upper Charleston peninsula, with numerous well located, moderately priced homes. Many young families are calling Wagener Terrace home due to the proximity to highways, downtown Charleston, and easy access to West Ashley, Mt. Pleasant, and North Charleston. Within the same footprint is Hampton Park which gains its name from the large green space in its center which was a world fair site in 1900.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 20
2016 $261.18
2016 38
2016 $460,868
2017 14
2017 $328.75
2017 26
2017 $572,748
HAMPTON PARK
AVERAGE SALES PRICE
MAZYCK-WRAGGBOROUGH
Downtown Charleston Neighborhoods | Q3 2016 vs Q3 2017 | Single Family Home Sales 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.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2016 1
2016 $588.66
2016 62
2016 $285,500
2017 4
2017 $353.28
2017 153
2017 $487,500
WRAGGBOROUGH GARDEN
AVERAGE SALES PRICE
33 BROAD STREET CHARLESTON, SC 29401 843.723.7150 DANIELRAVENELSIR.COM