Charleston Area Market Report | Quarter 3 | 2020

MARKET REPORT CHARLESTON AREA | QUARTER 3 | 2020

Featured Properties COVER HOME

3908 Palm Boulevard | Isle of Palms

5 Gadsdenboro Street, 203 & 205 | Charleston

1389 Scotts Creek Circle | Mt. Pleasant

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Q3 2020 Market Update Section 1: Charleston Area

JOHNS ISLAND AND WADMALAW ISLAND Residential Sales | Greater Charleston Area NUMBER OF SALES

307

204

2020

2019

AVERAGE DAYS ON MARKET

54

51

2020

2019

AVERAGE SOLD PRICE PER SQFT

$176

$171

2020

2019

AVERAGE SALES PRICE

$454,359 2020

$351,164 2019

LIST TO SALES PRICE RATIO

98.1% 2020

98.3% 2019

JAMES ISLAND AND FOLLY BEACH Residential Sales | Greater Charleston Area NUMBER OF SALES

364

300

2020

2019

AVERAGE DAYS ON MARKET

49

53

2020

2019

AVERAGE SOLD PRICE PER SQFT

$264

$233

2020

2019

AVERAGE SALES PRICE

$486,641 2020

$408,543 2019

LIST TO SALES PRICE RATIO

97.1% 2020

97.4% 2019

WEST ASHLEY (INSIDE I-526) Residential Sales | Greater Charleston Area NUMBER OF SALES

224

163

2020

2019

AVERAGE DAYS ON MARKET

30

48

2020

2019

AVERAGE SOLD PRICE PER SQFT

$224

$201

2020

2019

AVERAGE SALES PRICE

$416,977 2020

$329,875 2019

LIST TO SALES PRICE RATIO

98.0% 2020

96.0% 2019

WEST ASHLEY (OUTSIDE I-526) Residential Sales | Greater Charleston Area NUMBER OF SALES

363

337

2020

2019

AVERAGE DAYS ON MARKET

37

43

2020

2019

AVERAGE SOLD PRICE PER SQFT

$158

$151

2020

2019

AVERAGE SALES PRICE

$313,345 2020

$283,232 2019

LIST TO SALES PRICE RATIO

99.0% 2020

98.0% 2019

RURAL WEST ASHLEY Residential Sales | Greater Charleston Area NUMBER OF SALES

67

47

2020

2019 AVERAGE DAYS ON MARKET

71

92

2020

2019

AVERAGE SOLD PRICE PER SQFT

$182

$146

2020

2019

AVERAGE SALES PRICE

$438,168 2020

$328,189 2019

LIST TO SALES PRICE RATIO

98.0% 2020

96.0% 2019

SUMMERVILLE Residential Sales | Greater Charleston Area NUMBER OF SALES

886

561

2020

2019

AVERAGE DAYS ON MARKET

40

46

2020

2019

AVERAGE SOLD PRICE PER SQFT

$134

$129

2020

2019

AVERAGE SALES PRICE

$279,176 2020

$264,767 2019

LIST TO SALES PRICE RATIO

99.4% 2020

99.0% 2019

NORTH CHARLESTON (INSIDE I-526) Residential Sales | Greater Charleston Area NUMBER OF SALES

142

117

2020

2019 AVERAGE DAYS ON MARKET

41

50

2020

2019

AVERAGE SOLD PRICE PER SQFT

$178

$161

2020

2019

AVERAGE SALES PRICE

$259,254 2020

$232,011 2019

LIST TO SALES PRICE RATIO

98.4% 2020

98.0% 2019

NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Residential Sales | Greater Charleston Area NUMBER OF SALES

300

285

2020

2019

AVERAGE DAYS ON MARKET

25

31

2020

2019

AVERAGE SOLD PRICE PER SQFT

$134

$120

2020

2019

AVERAGE SALES PRICE

$215,342 2020

$194,002 2019

LIST TO SALES PRICE RATIO

99.1% 2020

98.8% 2019

KIAWAH ISLAND Residential Sales | Greater Charleston Area NUMBER OF SALES

122

98

2020

2019 AVERAGE DAYS ON MARKET

204

133

2020

2019

AVERAGE SOLD PRICE PER SQFT

$592

$359

2020

2019

AVERAGE SALES PRICE

$2,317,483 2020

$1,440,000 2019

LIST TO SALES PRICE RATIO

94.3% 2020

View Kiawah Island Listings

92.0% 2019

SEABROOK ISLAND Residential Sales | Greater Charleston Area NUMBER OF SALES

118

63

2020

2019 AVERAGE DAYS ON MARKET

161

138

2020

2019

AVERAGE SOLD PRICE PER SQFT

$268

$242

2020

2019

AVERAGE SALES PRICE

$558,552 2020

$553,870 2019

LIST TO SALES PRICE RATIO

95.1% 2020

91.1% 2019

SULLIVAN’S ISLAND Residential Sales | Greater Charleston Area NUMBER OF SALES

16

17

2020

2019 AVERAGE DAYS ON MARKET

110

136

2020

2019

AVERAGE SOLD PRICE PER SQFT

$786

$805

2020

2019

AVERAGE SALES PRICE

$2,141,875 2020

$2,253,912 2019

LIST TO SALES PRICE RATIO

94.9% 2020

94.4% 2019

ISLE OF PALMS/WILD DUNES Residential Sales | Greater Charleston Area NUMBER OF SALES

178

84

2020

2019 AVERAGE DAYS ON MARKET

138

151

2020

2019

AVERAGE SOLD PRICE PER SQFT

$454

$457

2020

2019

AVERAGE SALES PRICE

$1,077,550 2020

$1,021,080 2019

LIST TO SALES PRICE RATIO

95.5% 2020

94.5% 2019

MT. PLEASANT (SOUTH OF IOP CONNECTOR) Residential Sales | Greater Charleston Area NUMBER OF SALES

459

310

2020

2019

AVERAGE DAYS ON MARKET

51

58

2020

2019

AVERAGE SOLD PRICE PER SQFT

$291

$265

2020

2019

AVERAGE SALES PRICE

$653,279 2020

$537,000 2019

LIST TO SALES PRICE RATIO

97.3% 2020

97.7% 2019

MT. PLEASANT (NORTH OF IOP CONNECTOR) Residential Sales | Greater Charleston Area NUMBER OF SALES

531

483

2020

2019

AVERAGE DAYS ON MARKET

53

70

2020

2019

AVERAGE SOLD PRICE PER SQFT

$205

$198

2020

2019

AVERAGE SALES PRICE

$539,938 2020

$509,351 2019

LIST TO SALES PRICE RATIO

98.3% 2020

98.6% 2019

DEWEES ISLAND Residential Sales | Greater Charleston Area NUMBER OF SALES

4

2

2020

2019 AVERAGE DAYS ON MARKET

224

745

2020

2019

AVERAGE SOLD PRICE PER SQFT

$301

$260

2020

2019

AVERAGE SALES PRICE

$1,003,250 2020

$1,100,000 2019

LIST TO SALES PRICE RATIO

97.3% 2020

96.1% 2019

DANIEL ISLAND Residential Sales | Greater Charleston Area NUMBER OF SALES

160

94

2020

2019 AVERAGE DAYS ON MARKET

54

71

2020

2019

AVERAGE SOLD PRICE PER SQFT

$298

$257

2020

2019

AVERAGE SALES PRICE

$998,694 2020

$725,589 2019

LIST TO SALES PRICE RATIO

97.3% 2020

96.8% 2019

WANDO/CAINHOY Residential Sales | Greater Charleston Area NUMBER OF SALES

102

106

2020

2019

AVERAGE DAYS ON MARKET

72

97

2020

2019

AVERAGE SOLD PRICE PER SQFT

$198

$179

2020

2019

AVERAGE SALES PRICE

$502,773 2020

$401,258 2019

LIST TO SALES PRICE RATIO

98.2% 2020

96.8% 2019

Q3 2020 Market Update Section 2: Downtown Charleston

DOWNTOWN CHARLESTON (INSIDE CROSSTOWN) Residential Sales | Greater Charleston Area NUMBER OF SALES

119

90

2020

2019 AVERAGE DAYS ON MARKET

130

100

2020

2019

AVERAGE SOLD PRICE PER SQFT

$454

$453

2020

2019

AVERAGE SALES PRICE

$985,225 2020

$958,518 2019

LIST TO SALES PRICE RATIO

92.6% 2020

93.1% 2019

DOWNTOWN CHARLESTON (OUTSIDE CROSSTOWN) Residential Sales | Greater Charleston Area NUMBER OF SALES

61

48

2020

2019 AVERAGE DAYS ON MARKET

51

66

2020

2019

AVERAGE SOLD PRICE PER SQFT

$329

$307

2020

2019

AVERAGE SALES PRICE

$527,109 2020

$448,431 2019

LIST TO SALES PRICE RATIO

98.2% 2020

95.3% 2019

SOUTH OF BROAD Residential Sales | Greater Charleston Area NUMBER OF SALES

21

24

2020

2019 AVERAGE DAYS ON MARKET

189

108

2020

2019

AVERAGE SOLD PRICE PER SQFT

$582

$514

2020

2019

AVERAGE SALES PRICE

$2,246,634 2020

$1,532,022 2019

LIST TO SALES PRICE RATIO

87.6% 2020

92.5% 2019

HARLESTON VILLAGE Residential Sales | Greater Charleston Area NUMBER OF SALES

25

10

2020

2019 AVERAGE DAYS ON MARKET

129

70

2020

2019

AVERAGE SOLD PRICE PER SQFT

$450

$366

2020

2019

AVERAGE SALES PRICE

$852,766 2020

$718,220 2019

LIST TO SALES PRICE RATIO

95.9% 2020

95.0% 2019

FRENCH QUARTER Residential Sales | Greater Charleston Area NUMBER OF SALES

0

7

2020

2019 AVERAGE DAYS ON MARKET

0

121

2020

2019

AVERAGE SOLD PRICE PER SQFT

0

$522

2020

2019

AVERAGE SALES PRICE

0

2020

$1,043,000 2019

LIST TO SALES PRICE RATIO

0

2020

87.0% 2019

ANSONBOROUGH Residential Sales | Greater Charleston Area NUMBER OF SALES

6

6

2020

2019 AVERAGE DAYS ON MARKET

62

137

2020

2019

AVERAGE SOLD PRICE PER SQFT

$569

$501

2020

2019

AVERAGE SALES PRICE

$1,649,167 2020

$1,058,750 2019

LIST TO SALES PRICE RATIO

95.1% 2020

95.0% 2019

RADCLIFFEBOROUGH Residential Sales | Greater Charleston Area NUMBER OF SALES

11

9

2020

2019 AVERAGE DAYS ON MARKET

164

106

2020

2019

AVERAGE SOLD PRICE PER SQFT

$380

$334

2020

2019

AVERAGE SALES PRICE

$483,559 2020

$605,444 2019

LIST TO SALES PRICE RATIO

96.6% 2020

94.6% 2019

CANNONBOROUGH/ELLIOTTBOROUGH Residential Sales | Greater Charleston Area NUMBER OF SALES

18

7

2020

2019 AVERAGE DAYS ON MARKET

76

61

2020

2019

AVERAGE SOLD PRICE PER SQFT

$396

$505

2020

2019

AVERAGE SALES PRICE

$724,083 2020

$950,088 2019

LIST TO SALES PRICE RATIO

97.7% 2020

92.5% 2019

WAGENER TERRACE/HAMPTON PARK Residential Sales | Greater Charleston Area NUMBER OF SALES

21

15

2020

2019 AVERAGE DAYS ON MARKET

56

48

2020

2019

AVERAGE SOLD PRICE PER SQFT

$321

$315

2020

2019

AVERAGE SALES PRICE

$600,459 2020

$489,439 2019

LIST TO SALES PRICE RATIO

96.7% 2020

94.0% 2019

MAZYCK/WRAGGBOROUGH Residential Sales | Greater Charleston Area NUMBER OF SALES

6

2

2020

2019 AVERAGE DAYS ON MARKET

74

25

2020

2019

AVERAGE SOLD PRICE PER SQFT

$399

$554

2020

2019

AVERAGE SALES PRICE

$1,010,333 2020

$854,118 2019

LIST TO SALES PRICE RATIO

95.8% 2020

96.5% 2019

33 BROAD STREET, CHARLESTON, SC 29401 | 843.723.7150 | DANIELRAVENELSIR.COM | OPEN 7 DAYS A WEEK Based on information from sources including the Charleston Trident MLS for the period July 1, 2020 through September 30, 2020. Daniel Ravenel Sotheby’s International Realty cannot verify that it is accurate or complete, and it should not be relied upon as such. © MMXX Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated.