2022 Annual Market Report | Charleston Area by Daniel Ravenel Sotheby's International Realty

2022 ANNUAL MARKET REPORT CHARLESTON AREA

2022 Featured Sold Properties 3003 Middle Street, Sullivans Island | Sold at $5,550,000 8 Pine Island Drive, Okatie | Sold at $8,000,000 83 Tradd Street, Charleston | Sold at $2,850,000 COVER HOME

27 AVERAGE DAYS ON MARKET 32.2% The Lowcountry 2022 vs 2021 11,329 NUMBER OF SALES 22.6% ^ ^ The Overview $462.45 AVERAGE SOLD PRICE PER SQFT 25% $999,894 AVERAGE SALES PRICE 19.7% 98.62% LIST TO SALES PRICE RATIO 0.5% ^ ^ ^

2022 Annual Market Report Section 1: Charleston Area

JOHNS ISLAND AND WADMALAW ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 870 2022 1,154 2021 21 2022 23 2021 $698.92 2022 $221.76 2021 $660,106 2022 $506,767 2021 99.19% 2022 99.41% 2021 JAMES ISLAND AND FOLLY BEACH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 953 2022 1,196 2021 18 2022 25 2021 $361.99 2022 $293.62 2021 $629,058 2022 $525,997 2021 99.40% 2022 99.25% 2021 24.6% 8.7% 215.2% 30.3% 0.22% 20.3% 28.0% 23.3% 19.6% 0.15%

WEST ASHLEY (INSIDE I-526) Residential Sales | Greater Charleston Area WEST ASHLEY (OUTSIDE I-526) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 636 2022 797 2021 20 2022 27 2021 $309.10 2022 $253.22 2021 $531,511 2022 $460,384 2021 99.55% 2022 98.69% 2021 LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 1,083 2022 1,143 2021 13 2022 17 2021 $221.18 2022 $187.10 2021 $424,366 2022 $349,848 2021 100.71% 2022 99.86% 2021 20.2% 25.9% 22.1% 15.4% 0.86% 5.2% 23.5% 18.2% 21.3% 0.85%

RURAL WEST ASHLEY Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 169 2022 224 2021 41 2022 47 2021 $253.44 2022 $221.14 2021 $562,609 2022 $557,141 2021 97.65% 2022 98.85% 2021 SUMMERVILLE Residential Sales | Greater Charleston Area 24.6% 12.8% 14.6% 1.0% 1.21% LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 1,991 2022 2,399 2021 22 2022 18 2021 $179.18 2022 $154.95 2021 $391,822 2022 $338,949 2021 99.78% 2022 99.99% 2021 17.0% 22.2% 15.6% 15.6% 0.20%

NORTH CHARLESTON (INSIDE I-526) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 467 2022 537 2021 16 2022 28 2021 $237.29 2022 $203.41 2021 $331,398 2022 $291,308 2021 99.86% 2022 99.51% 2021 NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Residential Sales | Greater Charleston Area 13.0% 42.9% 16.7% 13.8% 0.35% LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 941 2022 1,156 2021 15 2022 14 2021 $183.94 2022 $156.21 2021 $281,053 2022 $241,546 2021 100.43% 2022 100.37% 2021 18.6% 7.1% 17.8% 16.4% 0.06%

KIAWAH ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 144 2022 188 2021 29 2022 69 2021 $734.18 2022 $755.97 2021 $1,787,822 2022 $1,514,526 2021 99.21% 2022 98.06% 2021 SEABROOK ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 221 2022 244 2021 23 2022 41 2021 $480.61 2022 $373.85 2021 $931,897 2022 $712,853 2021 98.24% 2022 98.17% 2021 23.4% 58.0% 2.9% 18.0% 1.15% 9.4% 43.9% 28.6% 30.7% 0.07% Kiawah Island stats from Charleston MLS only

SULLIVAN’S ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 35 2022 56 2021 43 2022 82 2021 $1,302.88 2022 $1,065.74 2021 $3,913,361 2022 $3,123,406 2021 97.75% 2022 96.49% 2021 ISLE OF PALMS/WILD DUNES Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 282 2022 423 2021 43 2022 60 2021 $830.96 2022 $683.56 2021 $1,707,609 2022 $1,497,397 2021 97.57% 2022 97.87% 2021 47.6% 22.3% 25.3% 1.26% 33.3% 28.3% 21.6% 14.0% 0.30% 37.5%

MT. PLEASANT (SOUTH OF IOP CONNECTOR) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 1,003 2022 1,517 2021 16 2022 25 2021 $429.02 2022 $336.39 2021 $971,905 2022 $750,653 2021 98.93% 2022 98.97% 2021 MT. PLEASANT (NORTH OF IOP CONNECTOR) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 1,217 2022 1,603 2021 18 2022 18 2021 $306.66 2022 $246.40 2021 $795,044 2022 $647,818 2021 100.14% 2022 100.72% 2021 33.9% 36.0% 27.5% 29.5% 0.04% 24.1% 24.5% 22.7% 0.58%

DANIEL ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 296 2022 494 2021 18 2022 29 2021 $448.74 2022 $390.31 2021 $1,376,307 2022 $1,212,543 2021 99.19% 2022 98.77% 2021 WANDO/CAINHOY Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 276 2022 490 2021 23 2022 26 2021 $278.67 2022 $221.49 2021 $664,831 2022 $559,928 2021 99.64% 2022 99.42% 2021 43.7% 11.5% 25.8% 18.7% 0.22% 40.1% 37.9% 15.0% 13.5% 0.42%

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2022 Annual Market Report Section 2: Downtown Charleston

DOWNTOWN CHARLESTON (INSIDE CROSSTOWN) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 523 2022 736 2021 61 2022 101 2021 $631.99 2022 $534.42 2021 $1,319,998 2022 $1,127,039 2021 97.37% 2022 96.08% 2021 DOWNTOWN CHARLESTON (OUTSIDE CROSSTOWN) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 222 2022 286 2021 40 2022 58 2021 $435.37 2022 $357.85 2021 $717,401 2022 $619,051 2021 99.03% 2022 98.40% 2021 28.9% 39.6% 18.3% 17.1% 1.29% 22.4% 31.0% 21.7% 15.9% 0.63%

SOUTH OF BROAD Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 109 2022 181 2021 83 2022 112 2021 $810.69 2022 $677.91 2021 $2,614,058 2022 $1,987,146 2021 96.12% 2022 95.80% 2021 HARLESTON VILLAGE Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 100 2022 140 2021 28 2022 90 2021 $611.10 2022 $500.29 2021 $1,214,179 2022 $1,071,353 2021 98.56% 2022 95.34% 2021 39.8% 25.9% 31.5% 0.31% 28.6% 68.9% 22.1% 13.3% 3.22% 19.6%

FRENCH QUARTER Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 19 2022 32 2021 41 2022 115 2021 $850.20 2022 $682.23 2021 $1,432,479 2022 $1,023,406 2021 96.53% 2022 95.53% 2021 ANSONBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 33 2022 32 2021 48 2022 126 2021 $684.30 2022 $573.77 2021 $1,361,651 2022 $1,244,570 2021 99.12% 2022 94.73% 2021 40.6% 64.3% 24.6% 40.0% 1.00% 3.1% 61.9% 19.3% 9.4% 4.38%

RADCLIFFEBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 44 2022 63 2021 56 2022 135 2021 $497.57 2022 $421.99 2021 $896,673 2022 $733,228 2021 98.13% 2022 98.02% 2021 CANNONBOROUGH/ELLIOTTBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 31 2022 80 2021 23 2022 76 2021 $630.99 2022 $451.01 2021 $1,004,242 2022 $748,950 2021 100.60% 2022 97.86% 2021 30.2% 58.5% 17.9% 22.3% 0.11% 61.3% 69.7% 39.9% 34.1% 2.74%

WAGENER TERRACE/HAMPTON PARK Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 81 2022 95 2021 20 2022 50 2021 $451.13 2022 $373.72 2021 $833,364 2022 $690,365 2021 99.46% 2022 98.43% 2021 MAZYCK/WRAGGBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 12 2022 23 2021 42 2022 103 2021 $578.29 2022 $458.54 2021 $1,420,833 2022 $949,739 2021 98.79% 2022 95.09% 2021 14.7% 60.0% 20.7% 20.7% 1.04% 47.8% 59.2% 26.1% 49.6% 3.70%

Nothing Compares.

Based on information from the Charleston Trident MLS for the period 1/1/21-12/31/21. © MMXVI 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. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks licensed to Sotheby’s International Realty Affiliates LLC. All rights reserved. This material may not be reproduced, displayed, modified or distributed without the express prior written consent of the copyright holder. Each Office is Independently Owned and Operated.

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