QUARTER 3 2018 CHARLESTON, SC MARKET UPDATE
West Ashley, James Island, Folly Beach, Johns Island, Kiawah Island Seabrook Island, Mount Pleasant, Sullivan’s Island, Isle of Palms Wild Dunes, Daniel Island, North Charleston, Dewees Island Summerville, Downtown Charleston, Ansonborough, Cannonborough French Quarter, Harleston Village, Hampton Park, Wagener Terrace Radcliffeborough, South of Broad, Wraggsborough
Quarter 3 Market Update Section 1: Charleston Area
Featured Properties
16 S Adgers Wharf Offered at $6,950,000 13 Johnson Road Offered at $4,695,000 672 Ellis Oak Drive Offered at $2,995,000 630 Pitt Street Offered at $2,575,000
JOHNS IS LAND AND WADMALAW IS LAND Greater Charleston Area | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 248
2017 $167
2017 51
2017 $345,688
2018 221
2018 $162
2018 50
2018 $359,959
OUR FIRM’S JOHNS ISLAND & WADMALAW LISTINGS
0 River Road $1,995,000 3 Martins Point $1,195,000 3970 Betsy Kerrison Parkway $990,000 4996 Maybank Highway $799,000 1605 Regimental Lane (Under Contract) $550,000 2632 Colonel Harrison Drive $435,000 1289 Martins Point Road $389,500 0 Pawlett Blake Lane Parcel 32 $310,500 0 Pawlett Blake Lane Parcel 31 $300,000 3030 Penny Lane $284,995 1701 Sailfish Drive (Under Contract) $240,000 0 Pawlett Blake Lane Parcel 29B $99,000
JAMES IS LAND AND FOLLY BEACH Greater Charleston Area | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 267
2017 $213
2017 57
2017 $389,780
2018 256
2018 $240
2018 47
2018 $464,236
OUR FIRM’S JAMES ISLAND AND FOLLY BEACH LISTINGS
672 Ellis Oak Drive $2,995,000 114 W Ashley Avenue B301 $755,000 1755 Central Park Road 7313 $219,000
WEST ASHLEY (INSIDE I-526) Greater Charleston Area | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 158
2017 $190
2017 32
2017 $315,671
2018 159
2018 $200
2018 36
2018 $351,387
OUR FIRM’S WEST ASHLEY (INSIDE 1-526) LISTINGS
13 Johnson Road $4,695,000 1505 Hurtes Island Drive $1,195,000 3 Formosa Drive $995,000 55 Shrewsbury Road $599,000
WEST ASHLEY (OUTSIDE I-526) Greater Charleston Area | Q3 2017 vs Q3 2018 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 337
2017 $142
2017 29
2017 $265,640
2018 283
2018 $146
2018 40
2018 $269,286
OUR FIRM’S WEST ASHLEY (OUTSIDE 1-526) LISTINGS
1635 Bull Creek Lane (Under Contract) $1,175,000 2940 Amberhill Way $429,000 1634 Bull Creek Lane $125,000
RURAL WEST ASHLEY Greater Charleston Area | Q3 2017 vs Q3 2018 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 39
2017 $149
2017 84
2017 $344,883
2018 43
2018 $153
2018 90
2018 $355,040
OUR FIRM’S RURAL WEST ASHLEY LISTINGS
5720 Captain Kidd Road
$423,890
NORTH CHARLESTON (INSIDE I-526) Greater Charleston Area | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 250
2017 $105
2017 37
2017 $165,352
2018 266
2018 $110
2018 37
2018 $165,352
NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Greater Charleston Area | Q3 2017 vs Q3 2018 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 120
2017 $130
2017 65
2017 $189,968
2018 118
2018 $158
2018 26
2018 $230,965
OUR FIRM’S NORTH CHARLESTON/SUMMERVILLE LISTINGS 8049 Kittery Avenue $260,000 3822 Annapolis Way $194,900
KIAWAH IS LAND AND SEABROOK IS LAND Greater Charleston Area | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 65
2017 $266
2017 126
2017 $734,875
2018 64
2018 $293
2018 192
2018 $692,429
OUR FIRM’S KIAWAH ISLAND AND SEABROOK ISLAND LISTINGS
212 Ocean Marsh $3,595,000 121 Halona Lane $3,195,000 131 Halona Lane $3,095,000 125 Halona Lane $3,095,000 119 Halona Lane $2,295,000 565 Bufflehead Drive $1,995,000 123 Halona Lane $1,950,000 5511 Cypress Cottage Lane $1,695,000 2611 High Hammock Road $886,000 175 Marsh Island Drive $629,000 1328 Pelican Watch $345,000 1357 Pelican Watch $305,900 1701 Live Oak Park $170,000
SULLIVANS ISLAND Greater Charleston Area | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 18
2017 $605
2017 228
2017 $1,876,181
2018 17
2018 $723
2018 102
2018 $2,301,313
OUR FIRM’S SULLIVANS ISLAND LISTINGS
2619 Bayonne Street $7,895,000 3318 Jasper Boulevard $5,350,000 1301 Cove Avenue $2,195,000
MT. PLEASANT (SOUTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 338
2017 $263
2017 49
2017 $537,258
2018 288
2018 $261
2018 52
2018 $546,351
OUR FIRM’S MT. PLEASANT (SOUTH OF IOP CONNECTOR) LISTINGS
630 Pitt Street $2,575,000 734 Milldenhall Road $749,000 1058 Cottingham Drive $634,900 747 Bradburn Drive (Under Contract) $449,000
MT. PLEASANT (NORTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | Q3 2017 vs Q3 2018 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 365
2017 $193
2017 65
2017 $462,404
2018 373
2018 $193
2018 70
2018 $506,373
OUR FIRM’S MT. PLEASANT (NORTH OF IOP CONNECTOR) LISTINGS
3618 Coastal Crab Road $1,399,000 2073 Shell Ring Circle $999,999 3782 Tupelo Church Lane $369,000 2745 Rush Haven Drive $228,900
WILD DUNES AND IS LE OF PALMS Greater Charleston Area | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 77
2017 $401
2017 191
2017 $780,723
2018 61
2018 $428
2018 116
2018 $958,821
OUR FIRM’S WILD DUNES AND ISLE OF PALMS LISTINGS
8 55th Avenue (Under Contract) $2,300,000 18 Commons Court $649,000 103 D Port O Call Drive $415,000
DEWEES ISLAND Greater Charleston Area | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 2
2017 $268
2017 72
2017 $512,600
2018 2
2018 $230
2018 360
2018 $617,500
171 Dewees Inlet Drive $2,449,000
DANIEL IS LAND Greater Charleston Area | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 81
2017 $249
2017 92
2017 $719,254
2018 94
2018 $262
2018 86
2018 $824,004
WANDO AND CAINHOY Greater Charleston Area | Q3 2017 vs Q3 2018 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 84
2017 $180
2017 47
2017 $395,116
2018 85
2018 $175
2018 59
2018 $403,925
Quarter 3 Market Update Section 2: Downtown Charleston
DOWNTOWN CHARLESTON (INSIDE CROSSTOWN) Downtown Charleston Neighborhoods | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 100
2017 $471
2017 114
2017 $945,906
2018 77
2018 $495
2018 78
2018 $1,212,644
DOWNTOWN CHARLESTON (OUTSIDE CROSSTOWN) Downtown Charleston Neighborhoods | Q3 2017 vs Q3 2018 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 48
2017 $323
2017 45
2017 $558,406
2018 40
2018 $322
2018 40
2018 $511,675
OUR FIRM’S DOWNTOWN CHARLESTON LISTINGS
9 Tradd Street $7,280,000 16 S Adgers Wharf $6,950,000 9 Limehouse Street $5,200,000 2 Wharfside Street 3-W $2,800,000 6 Lockwood Drive $2,195,000 166 Wentworth Street $1,850,000 2 Wharfside Street 2-O $1,500,000 16 Jasper A & B $1,494,000 31 State Street $1,400,000 9 Elizabeth Street $1,329,000 12 Ashley Avenue $875,000 3 Chisolm Street 402 $799,000 16 Jasper Street A $799,000 184 Wentworth Street $799,000 52 South Battery Street G $720,000 16 Jasper Street B $695,000 5 Talon Court $675,000 77 Bull Street $575,000 15 5th Avenue $499,000 81 Bull Street $475,000 79 Bull Street $450,000 55 Ashley Avenue #16 (Under Contract) $445,000 173 Rutledge Avenue S $414,000 348 King Street M $395,000 377 King Street 201 $365,000
SOUTH OF BROAD Downtown Charleston Neighborhoods | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 19
2017 $649
2017 202
2017 $2,133,053
2018 22
2018 $628
2018 100
2018 $1,965,299
HARLESTON VILLAGE Downtown Charleston Neighborhoods | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 13
2017 $426
2017 47
2017 $988,519
2018 14
2018 $470
2018 69
2018 $1,015,989
FRENCH QUARTER Downtown Charleston Neighborhoods | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 6
2017 $760
2017 64
2017 $944,500
2018 5
2018 $567
2018 124
2018 $2,076,000
ANSONBOROUGH Downtown Charleston Neighborhoods | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 6
2017 $527
2017 101
2017 $920,383
2018 5
2018 $487
2018 27
2018 $1,435,000
RADCLIFFEBOROUGH Downtown Charleston Neighborhoods | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 9
2017 $415
2017 103
2017 $678,778
2018 4
2018 $422
2018 48
2018 $694,163
CANNONBOROUGH - ELLIOTTBOROUGH Downtown Charleston Neighborhoods | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 10
2017 $414
2017 57
2017 $594,952
2018 3
2018 $305
2018 12
2018 $572,843
WAGENER TERRACE AND HAMPTON PARK Downtown Charleston Neighborhoods | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 14
2017 $328
2017 26
2017 $572,748
2018 14
2018 $301
2018 61
2018 $507,107
MAZYCK-WRAGGBOROUGH Downtown Charleston Neighborhoods | Q3 2017 vs Q3 2018 | 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 SQFT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2017 1
2017 $521
2017 27
2017 $3,306,500
2018 4
2018 $353
2018 153
2018 $487,500
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33 Broad Street, Charleston SC 29401 | 843.723.7150 | DanielRavenelSIR.com | Open 7 Days A Week