2023 Annual Market Report | Charleston

Page 1

2023 ANNUAL

MARK ET REPO RT CHARLESTON AREA


Featured Properties COVER HOME

2602 Atlantic Avenue, Sullivan’s Island | Sold for $7,000,000

3047 Marshgate Drive, Seabrook Island | Sold at $5,200,000

92 Tradd Street, South of Broad | Sold at $4,495,000


The Overview 2023 vs 2022

The Lowcountry NUMBER OF SALES

9,362

^

17.36%

AVERAGE DAYS ON MARKET

39

^

46.46%

AVERAGE SOLD PRICE PER SQFT

$466.93

^

0.97%

AVERAGE SALES PRICE

$1,073,528.39

^ 7.36% LIST TO SALES PRICE RATIO

96.84% ^ 1.78%


2023 Annual Market Report Section 1: Charleston Area


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

870 2023

714

17.93%

2022

AVERAGE DAYS ON MARKET

29

2023

21

38.10%

2022

AVERAGE SOLD PRICE PER SQFT

$305.09 2023

56.35%

$698.92 2022

AVERAGE SALES PRICE

$730,180 2023

10.62%

$660,106 2022

LIST TO SALES PRICE RATIO

98.55% 2023

0.65%

99.19% 2022

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

675 2023

953

29.17%

2022

AVERAGE DAYS ON MARKET

26

2023

18

44.44%

2022

AVERAGE SOLD PRICE PER SQFT

$362.89 2023

0.25%

$361.99 2022

AVERAGE SALES PRICE

$642,210 2023

2.09%

$629,058 2022

LIST TO SALES PRICE RATIO

97.75% 2023

1.65%

99.4% 2022


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

442

636

30.5%

2023

2022

AVERAGE DAYS ON MARKET

26

20

30%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$327.60 2023

$309.10

5.99%

2022

AVERAGE SALES PRICE

$565,089 2023

$531,511

6.32%

2022

LIST TO SALES PRICE RATIO

98.03% 2023

1.52%

99.55% 2022

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

876 2023

19.11%

1,083 2022

AVERAGE DAYS ON MARKET

25

2023

92.31%

13

2022

AVERAGE SOLD PRICE PER SQFT

$239.12 2023

8.11%

$221.18 2022

AVERAGE SALES PRICE

$473,361 2023

11.55%

$424,366 2022

LIST TO SALES PRICE RATIO

99.32% 2023

1.39%

100.71% 2022


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

162 2023

169

4.14%

2022

AVERAGE DAYS ON MARKET

57

2023

39.02%

41

2022

AVERAGE SOLD PRICE PER SQFT

$242.70 2023

$253.44

4.24%

2022

AVERAGE SALES PRICE

$621,640 2023

10.49%

$562,609 2022

LIST TO SALES PRICE RATIO

96.63% 2023

1.02%

97.65% 2022

SUMMERVILLE Residential Sales | Greater Charleston Area NUMBER OF SALES

1,847 2023

7.23%

1,991 2022

AVERAGE DAYS ON MARKET

39

2023

77.27%

22

2022

AVERAGE SOLD PRICE PER SQFT

$187.53 2023

4.66%

$179.18 2022

AVERAGE SALES PRICE

$397,888 2023

1.55%

$391,822 2022

LIST TO SALES PRICE RATIO

98.95% 2023

0.84%

99.78% 2022


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

400

467

14.35%

2023

2022

AVERAGE DAYS ON MARKET

28

16

75%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$261.31

$237.29

10.12%

2023

2022

AVERAGE SALES PRICE

$374,383 2023

$331,398

12.97%

2022

LIST TO SALES PRICE RATIO

98.41% 2023

1.45%

99.86% 2022

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

803

14.67%

2023

941 2022

AVERAGE DAYS ON MARKET

30

100%

2023

15

2022

AVERAGE SOLD PRICE PER SQFT

$195.86 2023

6.48%

$183.94 2022

AVERAGE SALES PRICE

$302,569 2023

7.66%

$281,053 2022

LIST TO SALES PRICE RATIO

99.14% 2023

1.30%

100.43% 2022


KIAWAH ISLAND Residential Sales | Greater Charleston Area NUMBER OF SALES

120

144

16.67%

2023

2022

AVERAGE DAYS ON MARKET

54

29

86.21%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$778.15

$734.18

5.99%

2023

2022

AVERAGE SALES PRICE

$1,835,864 2023

2.69%

$1,787,822 2022

LIST TO SALES PRICE RATIO

98.35% 2023

99.21%

0.85%

2022

Kiawah Island stats from Charleston MLS only

SEABROOK ISLAND Residential Sales | Greater Charleston Area NUMBER OF SALES

168

23.98%

2023

221 2022

AVERAGE DAYS ON MARKET

40

73.91%

2023

23

2022

AVERAGE SOLD PRICE PER SQFT

$547.21 2023

13.86%

$480.61 2022

AVERAGE SALES PRICE

$1,055,155 2023

13.23%

$931,897 2022

LIST TO SALES PRICE RATIO

96.85% 2023

1.39%

98.24% 2022


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

41

35

17.14%

2023

2022

AVERAGE DAYS ON MARKET

84

43

95.35%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$1,311.50 2023

$1,302.88

0.66%

2022

AVERAGE SALES PRICE

$4,057,098 2023

$3,913,361

3.67%

2022

LIST TO SALES PRICE RATIO

95.13% 2023

2.62%

97.75% 2022

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

237

282

15.96%

2023

2022

AVERAGE DAYS ON MARKET

63

43

46.51%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$871.97 2023

4.94%

$830.96 2022

AVERAGE SALES PRICE

$1,810,119 2023

6%

$1,707,609 2022

LIST TO SALES PRICE RATIO

95.32% 2023

2.25%

97.57% 2022


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

759

24.33%

2023

1,003 2022

AVERAGE DAYS ON MARKET

25

56.25%

2023

16

2022

AVERAGE SOLD PRICE PER SQFT

$461.90 2023

$429.02

7.66%

2022

AVERAGE SALES PRICE

$1,062,351 2023

$971,905

9.31%

2022

LIST TO SALES PRICE RATIO

95.09% 2023

3.84%

98.93% 2022

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

1,020

16.19%

2023

1,217 2022

AVERAGE DAYS ON MARKET

30

66.67%

2023

18

2022

AVERAGE SOLD PRICE PER SQFT

$329.10 2023

7.32%

$306.66 2022

AVERAGE SALES PRICE

$881,618 2023

10.89%

$795,044 2022

LIST TO SALES PRICE RATIO

99.03% 2023

1.11%

100.14% 2022


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

290 2023

276

5.07%

2022

AVERAGE DAYS ON MARKET

36

2023

56.52%

23

2022

AVERAGE SOLD PRICE PER SQFT

$300.83 2023

$278.67

7.95%

2022

AVERAGE SALES PRICE

$718,058 2023

$664,831

8.01%

2022

LIST TO SALES PRICE RATIO

98.72% 2023

0.92%

99.64% 2022

DANIEL ISLAND Residential Sales | Greater Charleston Area NUMBER OF SALES

278

296

6.08%

2023

2022

AVERAGE DAYS ON MARKET

33

18

83.33%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$504.95 2023

12.53%

$448.74 2022

AVERAGE SALES PRICE

$1,558,339 2023

13.23%

$1,376,307 2022

LIST TO SALES PRICE RATIO

97.24% 2023

1.95%

99.19% 2022



2023 Annual Market Report Section 2: Downtown Charleston


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

379

523

27.53%

2023

2022

AVERAGE DAYS ON MARKET

51

61

16.39%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$692.44 2023

$631.99

9.57%

2022

AVERAGE SALES PRICE

$1,415,856 2023

$1,319,998

7.26%

2022

LIST TO SALES PRICE RATIO

95.89% 2023

1.47%

97.37% 2022

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

151

31.98%

2023

222 2022

AVERAGE DAYS ON MARKET

27

32.5%

2023

40

2022

AVERAGE SOLD PRICE PER SQFT

$484.59 2023

11.31%

$435.37 2022

AVERAGE SALES PRICE

$821,733 2023

14.54%

$717,401 2022

LIST TO SALES PRICE RATIO

98.09% 2023

0.94%

99.03% 2022


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

73

109

33.03%

2023

2022

AVERAGE DAYS ON MARKET

61

83

26.51%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$928.48 2023

$810.69

14.53%

2022

AVERAGE SALES PRICE

$3,203,378 2023

$2,614,058

22.54%

2022

LIST TO SALES PRICE RATIO

95.46% 2023

0.65%

96.12% 2022

HARLESTON VILLAGE Residential Sales | Greater Charleston Area NUMBER OF SALES

73

100

27%

2023

2022

AVERAGE DAYS ON MARKET

49

28

75%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$709.84 2023

16.16%

$611.10 2022

AVERAGE SALES PRICE

$1,369,479 2023

12.79%

$1,214,179 2022

LIST TO SALES PRICE RATIO

96.39% 2023

2.17%

98.56% 2022


FRENCH QUARTER Residential Sales | Greater Charleston Area NUMBER OF SALES

12

19

36.84%

2023

2022

AVERAGE DAYS ON MARKET

55

41

34.15%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$809.22 2023

$850.20

4.82%

2022

AVERAGE SALES PRICE

$1,239,250 2023

13.49%

$1,432,479 2022

LIST TO SALES PRICE RATIO

89.09% 2023

7.44%

96.53% 2022

ANSONBOROUGH Residential Sales | Greater Charleston Area NUMBER OF SALES

19

33

42.42%

2023

2022

AVERAGE DAYS ON MARKET

22

48

54.17%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$860.64 2023

25.77%

$684.30 2022

AVERAGE SALES PRICE

$1,267,727 2023

6.9%

$1,361,651 2022

LIST TO SALES PRICE RATIO

97.03% 2023

2.08%

99.12% 2022


RADCLIFFEBOROUGH Residential Sales | Greater Charleston Area NUMBER OF SALES

28

44

36.36%

2023

2022

AVERAGE DAYS ON MARKET

25

56

55.36%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$594.04 2023

$497.57

19.39%

2022

AVERAGE SALES PRICE

$953,429 2023

$896,673

6.33%

2022

LIST TO SALES PRICE RATIO

99.16% 2023

1.03%

98.13% 2022

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

42

31

35.48%

2023

2022

AVERAGE DAYS ON MARKET

31

23

34.78%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$622.05

1.42%

2023

$630.99 2022

AVERAGE SALES PRICE

$1,098,119 2023

9.35%

$1,004,242 2022

LIST TO SALES PRICE RATIO

95.96% 2023

4.63%

100.6% 2022


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

48

81

40.74%

2023

2022

AVERAGE DAYS ON MARKET

20

20

2023

2022 AVERAGE SOLD PRICE PER SQFT

$528.51 2023

$451.13

17.15%

2022

AVERAGE SALES PRICE

$1,017,327 2023

$833,364

22.07%

2022

LIST TO SALES PRICE RATIO

98.16% 2023

1.31%

99.46% 2022

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

2

12

83.33%

2023

2022

AVERAGE DAYS ON MARKET

6

42

85.71%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$483.19 2023

16.45%

$578.29 2022

AVERAGE SALES PRICE

$1,429,500 2023

0.61%

$1,420,833 2022

LIST TO SALES PRICE RATIO

90.76% 2023

8.02%

98.79% 2022


Nothing Compares.

33 BROAD STREET, CHARLESTON, SC 29401 DANIELRAVENELSIR.COM Each Office is Independently Owned and Operated. Statistics are compiled quarterly based on figures and data generated by the Multiple Listing Service. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data derived from this information is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. We fully support the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.