2017 Year in Review | Charleston, SC Market Update

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2017 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 2016 vs All Sales 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 674

2016 $150.99

2016 60

2016 $315,822

2017 779

2017 $165.71

2017 59

2017 $345,842

Our Firm’s Johns Island and Wadmalaw Listings: 4020 Betsy Kerrison Pkwy 3940 Chisolm Road 1289 Martins Point Road 4996 Maybank Hwy 2616 Bohicket Road 3990 Betsy Kerrison Parkway 2632 Colonel Harrison Drive 1289 Martins Point Road 2963 Anchor Watch 1604 Bernier Commons

4020 BETSY KERRISON PARKWAY

$4,224,000 $3,300,000 $1,195,000 $849,000 $639,000 $546,000 $458,000 $410,000 $174,900 $129,000


JAMES ISLAND AND FOLLY BEACH

Greater Charleston Area | All Sales 2016 vs All Sales 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 1062

2016 $196.95

2016 59

2016 $343,675

2017 1119

2017 $213.71

2017 57

2017 $391,597

Our Firm’s James Island and Folly Beach Listings: 672 Ellis Oak Drive $3,395,000 2142 Golfview Drive $659,000 624 Harbor Creek Place Unit 12 $462,000 405 Stefan Drive $316,000 1984 Folly Road B210 (Under Contract) $227,500

672 ELLIS OAK DRIVE


WEST ASHLEY (INSIDE I-526)

Greater Charleston Area | All Sales 2016 vs All Sales 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 632

2016 $170.60

2016 46

2016 $284,893

2017 632

2017 $187.09

2017 41

2017 $309,497

Our Firm’s West Ashley Listings: 1505 Hurtes Island Drive

1505 HURTES ISLAND DRIVE

$1,295,000


WEST ASHLEY (OUTSIDE I-526)

Greater Charleston Area | All Sales 2016 vs All Sales 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 1285

2016 $133.93

2016 41

2016 $260,724

2017 1243

2017 $140.52

2017 38

2017 $266,962

Our Firm’s West Ashley Listing: 2108 Rookery Lane

2108 ROOKERY LANE

$649,000


RURAL WEST ASHLEY

Greater Charleston Area | All Sales 2016 vs All Sales 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 163

2016 $142.17

2016 96

2016 $347,301

2017 176

2017 $150.48

2017 94

2017 $357,345

Our Firm’s Rural West Ashley Listings: 5031 Old York Course

5031 OLD YORK COURSE

$1,750,000


NORTH CHARLESTON (INSIDE I-526)

Greater Charleston Area | All Sales 2016 vs All Sales 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 347

2016 $124.61

2016 45

2016 $180,735

2017 439

2017 $135.77

2017 56

2017 $203,791

Our Firm’s North Charleston Listings: 1351 Bexley Street

(Under Contract) $199,000

NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526)

Greater Charleston Area | All Sales 2016 vs All Sales 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 986

2016 $100.89

2016 43

2016 $163,039

2017 999

2017 $105.48

2017 39

2017 $169,005


KIAWAH ISLAND AND SEABROOK ISLAND

Greater Charleston Area | All Sales 2016 vs All Sales 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 203

2016 $273.79

2016 209

2016 $566,795

2017 268

2017 $386.92

2017 193

2017 $667,510

Our Firm’s Kiawah and Seabrook Island Listings: 109 Flyway Drive $11,950,000 212 Ocean Marsh $3,925,000 125 Halona Lane $3,100,000 119 Halona Lane $2,295,000 123 Halona Lane $1,950,000 330 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

109 FLYWAY DRIVE


SULLIVANS ISLAND

Greater Charleston Area | All Sales 2016 vs All Sales 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

2016 62

2016 $543.95

2016 133

2016 $1,523,516

2017 59

2017 $619.46

2017 148

2017 $1,970,809

SULLIVANS ISLAND

AVERAGE SALES PRICE


MT. PLEASANT (SOUTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | All Sales 2016 vs All Sales 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 1282

2016 $245.78

2016 58

2016 $524,558

2017 1300

2017 $259.19

2017 62

2017 $537,723

Our Firm’s Mt. Pleasant Listings: 1114 Spyglass Point

1114 SPYGLASS POINT

$975,000


MT. PLEASANT (NORTH OF ISLE OF PALMS CONNECTOR) Greater Charleston Area | All Sales 2016 vs All Sales 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 1584

2016 $184.86

2016 68

2016 $453,114

2017 1426

2017 $192.19

2017 72

2017 $474,469

Our Firm’s Mt. Pleasant Listings: 3492 Henrietta Hartford Road 2745 Rush Haven Drive

(Under Contract) $370,000 $239,000

WANDO AND C AINHOY

Greater Charleston Area | All Sales 2016 vs All Sales 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

AVERAGE SALES PRICE

2016 253

2016 $159.91

2016 53

2016 $351,426

2017 261

2017 $283.02

2017 52

2017 $361,352


WILD DUNES AND ISLE OF PALMS

Greater Charleston Area | All Sales 2016 vs All Sales 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 272

2016 $404.66

2016 180

2016 $912,241

2017 312

2017 $415.15

2017 158

2017 $877,611

Our Firm’s Wild Dunes and Isle of Palms Listings: 2602 Palm Boulevard 48 Seagrass Lane 11 Morgan Place 103 D Port O Call Drive

2602 PALM BOULEVARD

$5,000,000 $1,595,000 $1,485,000 $415,000


DEWEES ISLAND

Greater Charleston Area | All Sales 2016 vs All Sales 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 2

2016 $169.87

2016 943

2016 $497,500

2017 7

2017 $319.19

2017 375

2017 $1,012,886

Our Firm’s Dewees Island Listing: 171 Dewees Inlet Drive

171 DEWEES INLET DRIVE

$2,495,000


DANIEL ISLAND

Greater Charleston Area | All Sales 2016 vs All Sales 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 313

2016 $249.21

2016 59

2016 $687,386

2017 324

2017 $252.05

2017 73

2017 $694,665

DANIEL ISLAND

AVERAGE SALES PRICE


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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 2016 vs All Sales 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 439

2016 $430.45

2016 115

2016 $889,672

2017 433

2017 $463.34

2017 108

2017 $982,737

Our Firm’s Downtown Charleston Listings: 71 Anson Street $5,500,000 41 Tradd Street $2,395,000 39 Society Street $2,300,000 61 Barre Sreet Unit A $1,995,000 176/178 Broad Street $1,995,000 12 Tradd Street $1,850,000 59 Barre Street Unit B (Under Contract) $1,605,000 59 Barre Street Unit A (Under Contract) $1,595,000 23 Cannon $795,000 33 Calhoun Street Unit 141 $755,000 3 Montagu Street (Under Contract) $429,000

71 ANSON ST

41 TRADD ST

3 MONTAGU ST

39 SOCIETY ST


DOWNTOWN CHARLESTON (ABOVE CROSSTOWN)

Downtown Charleston Neighborhoods | All Sales 2016 vs All Sales 2017 | Single Family Home Sales

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2016 206

2016 $253.67

2016 54

2016 $405,037

2017 183

2017 $301.42

2017 54

2017 $497,874

HAMPTON PARK

AVERAGE SALES PRICE


SOUTH OF BROAD

Downtown Charleston Neighborhoods | All Sales 2016 vs All Sales 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 90

2016 $584.01

2016 134

2016 $1,733,923

2017 94

2017 $623.55

2017 167

2017 $1,941,174

THE BATTERY

AVERAGE SALES PRICE


HARLESTON VILLAGE

Downtown Charleston Neighborhoods | All Sales 2016 vs All Sales 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 94

2016 $408.93

2016 119

2016 $844,455

2017 66

2017 $416.30

2017 102

2017 $942,095

COLONIAL LAKE

AVERAGE SALES PRICE


FRENCH QUARTER

Downtown Charleston Neighborhoods | All Sales 2016 vs All Sales 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 31

2016 $613.63

2016 143

2016 $860,118

2017 21

2017 $739.66

2017 159

2017 $982,458

CHALMERS STREET | FRENCH QUARTER

AVERAGE SALES PRICE


ANSONBOROUGH

Downtown Charleston Neighborhoods | All Sales 2016 vs All Sales 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 22

2016 $471.38

2016 105

2016 $1,123,564

2017 30

2017 $515.39

2017 139

2017 $1,228,660

39 SOCIETY STREET

AVERAGE SALES PRICE


RADCLIFFEBOROUGH

Downtown Charleston Neighborhoods | All Sales 2016 vs All Sales 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 42

2016 $351.06

2016 105

2016 $622,583

2017 43

2017 $395.09

2017 53

2017 $660,835

COLLEGE OF CHARLESTON

AVERAGE SALES PRICE


C ANNONBOROUGH - ELLIOTTBOROUGH

Downtown Charleston Neighborhoods | All Sales 2016 vs All Sales 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 45

2016 $297.94

2016 46

2016 $496,054

2017 47

2017 $380.71

2017 65

2017 $528,750

CHARLESTON PENINSULA SKYLINE

AVERAGE SALES PRICE


WAGENER TERRACE AND HAMPTON PARK

Downtown Charleston Neighborhoods | All Sales 2016 vs All Sales 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 64

2016 $250.50

2016 49

2016 $445,368

2017 59

2017 $313.76

2017 37

2017 $549,117

HAMPTON PARK

AVERAGE SALES PRICE


MAZYCK-WRAGGBOROUGH

Downtown Charleston Neighborhoods | All Sales 2016 vs All Sales 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 11

2016 $381.87

2016 88

2016 $758,510

2017 17

2017 $322.15

2017 92

2017 $679,206

WRAGGBOROUGH GARDEN

AVERAGE SALES PRICE


33 BROAD STREET CHARLESTON, SC 29401 843.723.7150 DANIELRAVENELSIR.COM


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