109 FLYWAY DRIVE | KIAWAH ISLAND | $12,500,000
2016 year in review 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 | all sales 2015 vs all sales 2016 | 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
2015 561
2015 $149.21
2015 63
2015 $324,984
2016 672
2016 $151.02
2016 60
2016 $315,873
Our Firm’s Johns Island and Wadmalaw Listings 4205 Turning Leaf Drive 1881 Headquarters Plantation Drive 4257 Wild Turkey Way 3940 Chisolm Road 1175 River Road The Farms at Brickhouse Plantation 1604 Bernier Commons 4996 Maybank Highway
4257 WILD TURKEY WAY | BRIARS CREEK
$499,000 $750,000 $3,500,000 $3,900,000 $649,000 $2,500,000 $159,000 $949,000
JAMES ISLAND AND FOLLY BEACH
Greater Charleston Area | all sales 2015 vs all sales 2016 | 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
2015 1,076
2015 $188.26
2015 67
2015 $340,694
2016 1,057
2016 $197.03
2016 59
2016 $343,712
700 Daniel Ellis Drive, 4201 902 Parrot Creek Way
902 PARROT CREEK WAY
AVERAGE SALES PRICE
Our Firm’s James Island and Folly Beach Listings $163,000 $669,000
WEST ASHLEY (INSIDE I-526)
Greater Charleston Area | all sales 2015 vs all sales 2016 | 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
2015 591
2015 $164.12
2015 54
2015 $278,154
2016 628
2016 $170.52
2016 45
2016 $285,117
Our Firm’s West Ashley Listings: 1505 Hurtes Island Drive 13 Johnson Road
13 JOHNSON ROAD | THE CRESCENT
$1,395,000 $5,900,000
WEST ASHLEY (OUTSIDE I-526)
Greater Charleston Area | all sales 2015 vs all sales 2016 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2015 1,087
2015 $112.33
2015 53
2015 $241,683
2016 1,281
2016 $133.96
2016 41
2016 $260,594
1505 HURTES ISLAND | WEST ASHLEY
AVERAGE SALES PRICE
RURAL WEST ASHLEY
Greater Charleston Area | all sales 2015 vs all sales 2016 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2015 132
2015 $132.46
2015 132
2015 $340,474
2016 163
2016 $142.17
2016 96
2016 $347,301
Our Firm’s Rural West Ashley Listing: 4915 Pointe Pleasant Lane
4915 POINTE PLEASANT LANE | HOLLYWOOD
$2,750,000
NORTH CHARLESTON (INSIDE I-526)
Greater Charleston Area | all sales 2015 vs all sales 2016 | 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
2015 358
2015 $103.40
2015 65
2015 $150,698
2016 345
2016 $124.71
2016 45
2016 $180,950
NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526)
Greater Charleston Area | all sales 2015 vs all sales 2016 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2015 969
2015 $93.00
2015 62
2015 $151,657
2016 985
2016 $100.80
2016 43
2016 $163,006
KIAWAH ISLAND AND SEABROOK ISLAND
Greater Charleston Area | all sales 2015 vs all sales 2016 | 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
2015 206
2015 $281.61
2015 262
2015 $617,037
2016 203
2016 $273.79
2016 209
2016 $566,795
Our Firm’s Kiawah and Seabrook Island Listings: 3031 Maritime Forest Drive 123 Halona Lane 119 Halona Lane 141 Halona Lane 125 Halona Lane 129 Halona Lane 109 Flyway Drive 159 Nicholas Carteret Circle 330 Moon Tide Lane 2628 Seabrook Island Road 1161 Oyster Catcher Court 2731 Jenkins Point Road 3147 Marshgate Drive
$695,000 $1,995,000 $2,295,000 $2,450,000 $3,000,000 $3,225,000 $12,500,000 $399,000 $790,000 $735,000 $4,000,000 $3,999,999 $6,500,000
SULLIVAN’S ISLAND
Greater Charleston Area | all sales 2015 vs all sales 2016 | 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
2015 56
2015 $496.69
2015 157
2015 $1,486,163
2016 62
2016 $543.95
2016 133
2016 $1,523,516
Our Firm’s Sullivan’s Island Listing: 1311 Cove Avenue
1311 COVE AVENUE | SULLIVANS ISLAND
$2,850,000
MT. PLEASANT (SOUTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | all sales 2015 vs all sales 2016 | 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
2015 1,144
2015 $222.27
2015 54
2015 $489,303
2016 1,281
2016 $245.80
2016 58
2016 $524,775
Our Firm’s Mt. Pleasant Listings: 311 Mallard Court 1665 Marsh Harbor Lane, B 1621 Marsh Harbor Lane 56 Robert Mills Circle VIEW FROM 1621 MARSH HARBOR LANE | MT. PLEASANT
$330,000 $549,500 $895,000 $1,459,000
MT. PLEASANT (NORTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | all sales 2015 vs all sales 2016 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2015 1,483
2015 $174.63
2015 66
2015 $431,816
2016 1,582
2016 $185.19
2016 68
2016 $455,764
WANDO AND C AINHOY
Greater Charleston Area | all sales 2015 vs all sales 2016 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2015 319
2015 $244.58
2015 61
2015 $299,294
2016 252
2016 $160.16
2016 52
2016 $352,166
WILD DUNES AND ISLE OF PALMS
Greater Charleston Area | all sales 2015 vs all sales 2016 | 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
2015 260
2015 $370.53
2015 170
2015 $775,234
2016 272
2016 $404.66
2016 180
2016 $912,241
Our Firm’s Wild Dunes and Isle of Palms Listings: 25 23rd Avenue 2401 Waterway Boulevard
$649,000 $5,300,000
DEWEES ISLAND
Greater Charleston Area | all sales 2015 vs all sales 2016 | 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 inperceptible 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
2015 4
2015 $228.46
2015 198
2015 $599,518
2016 2
2016 $169.87
2016 943
2016 $497,500
171 Dewees Inlet Drive
171 DEWEES INLET DRIVE
AVERAGE SALES PRICE
Our Firm’s Dewees Island Listing: $2,495,000
DANIEL ISLAND
Greater Charleston Area | all sales 2015 vs all sales 2016 | 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
AVERAGE SALES PRICE
2015 359
2015 $236.49
2015 65
2015 $684,419
2016 312
2016 $249.10
2016 59
2016 $686,897
Our Firm’s Daniel Island Listings: 233 King George Street 720 Island Park Drive, 101
233 KING GEORGE STREET
$2,749,000 $1,125,000
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 | all sales 2015 vs all sales 2016 | 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 architectyre 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
2015 382
2015 $405.66
2015 158
2015 $877,142
2016 438
2016 $430.79
2016 115
2016 $890.598
Our Firm’s Downtown Charleston Listings: 33 Calhoun Street, 218 33 Calhoun Street, 141 12 George Street, B6 59 Barre Street, A 71 Anson Street
$720,000 $755,000 $599,000 $1,595,000 $5,500,000
33 CALHOUN STREET, 218
DOWNTOWN CHARLESTON (ABOVE CROSSTOWN)
Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | Single Family Home Sales
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
2015 224
2015 $233.26
2015 72
2015 $363,942
2016 206
2016 $254.13
2016 54
2016 $405,361
HAMPTON PARK
SOUTH OF BROAD
Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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
2015 87
2015 $551.45
2015 240
2015 $1,674,485
2016 90
2016 $584.01
2016 134
2016 $1,733,923
3 KING STREET | SOLD FOR $1,015,000
AVERAGE SALES PRICE
HARLESTON VILLAGE
Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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 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.
NUMBER OF SALES
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE DAYS ON MARKET
2015 79
2015 $363.81
2015 135
2015 $703,296
2016 93
2016 $410.27
2016 120
2016 $848,331
HALSEY PARK | SOLD FOR $1,600,000-$1,650,000
AVERAGE SALES PRICE
FRENCH QUARTER
Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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
AVERAGE SALES PRICE
2015 20
2015 $561.27
2015 286
2015 $1,125,017
2016 29
2016 $649.15
2016 135
2016 $904,178
ANSONBOROUGH
Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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
AVERAGE SALES PRICE
2015 27
2015 $468.03
2015 151
2015 $964,093
2016 17
2016 $477.36
2016 111
2016 $1,129,671
Our Firm’s Ansonborough Listings: 12 George Street, B6 71 Anson Street
71 ANSON STREET | ANSONBOROUGH
$599,000 $5,500,000
RADCLIFFEBOROUGH
Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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
AVERAGE SALES PRICE
2015 12
2015 $299.44
2015 137
2015 $523,300
2016 17
2016 $354.92
2016 144
2016 $625,971
C ANNONBOROUGH - ELLIOTTBOROUGH
Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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
AVERAGE SALES PRICE
2015 33
2015 $277.49
2015 51
2015 $439,873
2016 44
2016 $296.38
2016 46
2016 $492,669
WAGENER TERRACE AND HAMPTON PARK
Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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
2015 71
2015 $239.24
2015 51
2015 $398,952
2016 65
2016 $250.64
2016 49
2016 $446,116
HAMPTON PARK
AVERAGE SALES PRICE
MAZYCK-WRAGGBOROUGH
Downtown Charleston Neighborhoods | all sales 2015 vs all sales 2016 | 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
AVERAGE SALES PRICE
2015 12
2015 $360.17
2015 101
2015 $959,742
2016 11
2016 $381.87
2016 88
2016 $758,510
33 BROAD STREET CHARLESTON, SC 29401 843.723.7150 DANIELRAVENELSIR.COM