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
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 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