Market Update Q2 2014
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The Market in Downtown Charleston
South of Broad Market Facts
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.
Days On Market
Total Sales 36
40
224
250
31
200
30
185
Days on Market
150 20
84
100
10
104
Cumulative Days on Market
50 Q2 2013
Q2 2014
Q2 2013
Average Sale Price $2,000,000 $1,776,998 $1,750,000
Q2 2014
Sold Price Per Sqft $600
$549 $483
$500 $1,515,680
$1,500,000
$400
$1,250,000 Q2 2013
Q2 2014
$300 Q2 2013
Q2 2014
List Prices versus Sold Prices $2,000,000 $1,900,000
$1,891,122 $1,854,536
$1,830,318
$1,776,998
$1,800,000 $1,700,000 $1,600,000
Final List Price
$1,657,561
Sold Price
$1,515,680
$1,500,000 Q2 2013
Original List Price
Q2 2014
On the Market Featured Property
Built in 1810 by master carpenter Samuel Edward Axson, this traditional Charleston single features a flexible floor plan with high ceilings and beautiful woodwork throughout.This outstanding house sits on a double lot with side porch overlooking a magnificent Loutrel Briggs garden featuring a fountain, formal section, covered patio and green space. Additional features include a cypress paneled library, double staircases, tons of natural light, and an abundance of off-street parking. 4 Greenhill Street 4BR/3+B | 4,235 SqFt $2,750,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Nantucket, Massachusetts 4BR/3.5B 2,612 SqFt $2,975,000 Maury People Sotheby’s International Realty
Ile-De-France, France 4BR/2B 1,905 SqFt $2,792,535 Paris Oest Sotheby’s International Realty 4
Los Angeles, California 5BR/3B 3,080 SqFt $2,795,000 Sotheby’s International Realty Beverly Hills Brokerage
Harleston Village Market Facts
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.
Days On Market
Total Sales 30
250
27
25
167
19
20
192
191
Days on Market 122
150
Cumulative Days on Market
15 10
50 Q2 2013
Q2 2013
Q2 2014
Q2 2014
Average Sale Price $700,000
Sold Price Per Sqft $350
$669,224
$648,380
$650,000
$330
$600,000
$318
$313
$310
$550,000 Q2 2013
Q2 2014
$290 Q2 2013
Q2 2014
List Prices versus Sold Prices $800,000 $743,584 $707,721 $700,000
$669,224
$680,780 $667,478 $648,380
Original List Price Final List Price Sold Price
$600,000
$500,000 Q2 2013
Q2 2014
On the Market Featured Property
165 Queen Street is a classic ante-bellum “Charleston Side-hall” style home. Located in historic Harleston Village, it was built c.1850, just two short blocks east of Colonial Lake. The 3-story main house retains much of its original plaster walls and detailing as well as its original fireplaces and mantels. There are double pocket doors that are still functional between what would have been a gracious double parlor with 12’ft. plus ceilings. If you want a large Single Family home you can easily put this house back into its original configuration: a 3 story, 4 to 6 BR house with a rear kitchen house to use for guests or to rent out for additional income. In the rear of the property is also a 2 story attached Kitchen house with powder room, Kitchen and LR on the 1st floor and 2 BRS, a full bath and a rear deck on the 2nd floor. At the rear of the property there is a 2 car garage; plus, 3 parking places outside the garage. The property has some wonderful details and is a great opportunity to update a ante-bellum home.
165 Queen Street 7BR/4+B | 4,414 SqFt $950,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Houston, Texas 5BR/4+B 5,804 SqFt $1,000,000 Martha Turner Sotheby’s International Realty
Miami, Florida 4BR/3.5B 2,871 SqFt $950,000 ONE Sotheby’s International Realty 6
Pelham, New York 4BR/3.5B 2,783 SqFt $925,000 McClellan Sotheby’s International Realty
French Quarter Market Facts
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.
Days On Market
Total Sales 15
600
13
500
Days on Market
400
9
10
497 497
232 256
300 200
Cumulative Days on Market
100
5 Q2 2013
Q2 2013
Q2 2014
Average Sale Price $1,250,000 $1,000,000
$1,044,115 $916,278
Q2 2014
Sold Price Per Sqft $600
$556 $526
$550 $500
$750,000
$450
$500,000 Q2 2013
Q2 2014
$400 Q2 2013
Q2 2014
List Prices versus Sold Prices $1,300,000 $1,134,978 $1,100,000
$960,711 $916,278
$1,157,885 $1,098,146 $1,044,115 Original List Price
$900,000
Final List Price Sold Price
$700,000 $500,000 Q2 2013
Q2 2014
On the Market Featured Property
The Robert Dorrill House was built c.1814 within the Walled City. It has been impeccably maintained and is in move-in condition. Large scaled rooms, high ceilings, tall windows and 6 fireplaces are included in this property. The first floor includes a Living room with fireplace, Library with fireplace, separate Dining and granite top kitchen. The kitchen French doors spill out into a lush walled garden while enjoying alfresco dining and grilling under the rose covered pergola. The second floor drawing room has original Adamesque wood work and fireplace. This is adjacent to the master bedroom sanctuary with master bath, sitting room and walk-in closet. The third floor has two guest rooms that overlook glorious views of church steeples and old tile rooftops. Tucked away at the rear of the garden is a one bedroom guest house, perfect for grown children, office, or mother-in-law suite.
25 State Street 5BR/4.5B | 4,482 SqFt $2,200,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
West Bank North, Wyoming 4BR/3.5B 4,756 SqFt $2,195,000 Jackson Hole Sotheby’s International Realty
Canelones, Uruguay 12BR/5+B 4,306 SqFt $2,200,000 Bado & Perazzo Sotheby’s International Realty 8
New Castle, Delaware 6BR/6.5B 8,000 SqFt $2,450,000 Brandywine Fine Properties Sotheby’s International Realty
Ansonborough Market Facts
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.
Days On Market
Total Sales 10
8
275
8
197 164
175
5
188
109
Cumula;ve Days on Market
75
0 Q2 2013
Q2 2013
Q2 2014
Average Sale Price $1,250,000
Q2 2014
Sold Price Per Sqft $460
$1,068,625
Days on Market
$442
$440 $969,488
$1,000,000
$410
$420 $400
$750,000 Q2 2013
Q2 2014
$380 Q2 2013
Q2 2014
List Prices versus Sold Prices $1,350,000
$1,150,000
$1,172,125 $1,122,750 $1,068,625
$1,064,225$1,022,225 $969,488
$950,000
$750,000 Q2 2013
Q2 2014
Original List Price Final List Price Sold Price
On the Market Featured Property
The quintessential 19th century Ansonborough house, 32 Wentworth offers Greek Revival features, comfortable living spaces, and wonderful flow. With a classic feel and impeccable details, this home offers the true Ansonborough experience with two living rooms and a spacious master with dressing room and private porch. A wonderful feature of this home is a separate guest suite with private bath for your weekend guests.Two additional guest bedrooms with a shared bath occupy the 3rd floor and complete the elegant charm of this home. The well-manicured courtyard terrace and pool area are perfect for entertaining. Steps away, the cozy wood paneled library with wood burning fireplace has access to this exceptional outdoor space, allowing for year round enjoyment. Come visit this lovely home today to experience the true charm of Ansonborough.
32 Wentworth Street 4BR/3.5B | 3,330 SqFt $1,499,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Naples, Florida 3BR/3.5B 3,494 SqFt $1,875,000 Premier Sotheby’s International Realty
Manchester, Vermont 5BR/5.5B 9,100 SqFt $1,850,000 Vermont Country Properties Sotheby’s International Realty 10
Vilnius, Lithuania 3BR/4B 3,573 SqFt $1,759,425 Baltic Sotheby’s International Realty
Radcliffeborough Market Facts
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.
Days On Market
Total Sales 20
150
15
15
13
100
91
110
84 91
Days on Market
10 50
5
Cumulative Days on Market
0
0 Q2 2013
Q2 2013
Q2 2014
Q2 2014
Average Sale Price $600,000
$400
$522,927 $452,492
$500,000
Sold Price Per Sqft $300
$300
$338
$400,000 $200
$300,000 $200,000 Q2 2013
Q2 2014
$100 Q2 2013
Q2 2014
List Prices versus Sold Prices $650,000 $550,000
$546,952 $546,085 $522,927
$467,262 $452,492
$450,000
$402,608
Original List Price Final List Price Sold Price
$350,000 $250,000 Q2 2013
Q2 2014
Featured Ad - Charleston Mercury, April 2014
april14_ex1_HalfPageMercury_10.625x10.5 3/31/14 3:05 PM Page 1
E verything Old Is New Again...
25 LEGARE STREET • SOUTH OF BROAD C . 1840 7B/6.5b | 8,000 sqft | $3,650,000 Offered by H. Middleton Rutledge
18 BROAD STREET, #602 • FRENCH QUARTER C . 1911 3B/3.5b | 2,869 sqft | $1,999,000 Offered by Diana Goff
429 WHILDEN STREET • OLD VILLAGE C . 1803 5B/4.5b | 4,205 sqft | $1,580,000
11 CHURCH STREET • SOUTH OF BROAD C . 1790 6B/5+b | 6,000 sqft | $3,195,000
61 TRADD STREET • SOUTH OF BROAD C . 1731 5B/3b | 4,000 sqft | $1,533,500
9 LEGARE STREET • SOUTH OF BROAD C . 1817 8B/7.5b | 7,412 sqft | $3,595,000
Offered by Casey Murphey
Offered by H. Middleton Rutledge
Offered by Beth McCrabb
Offered by Dan Ravenel
... on H istoricPropertySIR.com An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated, Except Offices Owned and Operated By NRT Incorporated.
12
33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com
Canonborough & Elliotborough Market Facts
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.
Days On Market
Total Sales 10
300 6
6
260 266 Days on Market
200
5
101 101 100
0
Cumulative Days on Market
0 Q2 2013
Q2 2014
Q2 2013
Q2 2014
Average Sale Price $400,000
$384,417
$360,250
Sold Price Per Sqft $350 $247
$250
$198
$300,000 $150 $200,000 Q2 2013
Q2 2014
$50 Q2 2013
Q2 2014
List Prices versus Sold Prices $500,000
$472,833
$450,000 $393,500 $400,000
$400,467
$401,900 $384,417
$360,250
Original List Price Final List Price
$350,000
Sold Price
$300,000 $250,000 Q2 2013
Q2 2014
Featured Ad - Local Palate May 2014
May_Layout 1 3/25/14 4:44 PM Page 1
25 Legare Street • South of Broad
429 Whilden Road • Old Village
2701 Bayonne Avenue • Sullivans Island
32 Wentworth Street • Ansonborough
THIS IS OUR WORLD.
1982 Sandy Point Lane • Rivertowne
Experience the difference of Daniel Ravenel Sotheby's International Realty. It's in our service that extends far beyond the expected. It's our honesty and integrity in every interaction. It's our pledge to listen, and respond to your unique needs. After 30 years serving the Charleston area, our level of expertise is truly unmatched.
Serving you, from the Battery to the Beaches...
33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com
14
Wagener Terrace & Hampton Park Market Facts
Wagener Terrace is a suburban area with marsh views and numerous well located, moderately priced homes. Hampton Park gains its name from the large green space in its center which was a world fair site in 1900.
Days On Market
Total Sales 40
105
35
35
99 87
85
30
70 57
65 24
25
Cumulative Days on Market
45
20
Days on Market
25 Q2 2013
Q2 2014
Q2 2013
Q2 2014
Average Sale Price $450,000 $350,000
$375,424
Sold Price Per Sqft $250
$219 $179
$308,150 $150
$250,000 $150,000 Q2 2013
Q2 2014
$50 Q2 2013
Q2 2014
List Prices versus Sold Prices $650,000
$450,000
$323,988 $336,952 $308,150
$394,055
$384,587 $375,424
Original List Price Final List Price Sold Price
$250,000
$50,000 Q2 2013
Q2 2014
Under Contract Featured Property
Great location just a few blocks from Hampton Park, Charleston’s only 5 acre park downtown! You are also steps from Rutledge Cab Company, Park Cafe and Moe’s Crosstown, just to name a few of the local restaurants. This area is on fire so finding a well-priced lot this close to everything is not easy. This lot has been cleared and is ready for your dream home.
62 Poplar Street .08 Acres Listed at $154,900 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Sea Ranch, California .5 Acres $110,000 Sotheby’s International Realty Wine Country Broadway Brokerage
16
La Pine, Oregon 10 Acres $110,000 Cascade Sotheby’s International Realty
Knoxville, Tennessee .42 Acres $159,000 Alliance Sotheby’s International Realty
Wraggborough Market Facts
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.
Days On Market
Total Sales 10
150 6
Days on Market
5 66 0
0
Q2 2013
80
Cumulative Days on Market
50 Q2 2014
Q2 2013
Average Sale Price $700,000
$663,833
Sold Price Per Sqft $300
$600,000
$200
$550,000
$100
$500,000
$-
Q2 2014
$351
$400
$650,000
Q2 2013
Q2 2014
$- Q2 2013
Q2 2014
List Prices versus Sold Prices $850,000 $702,500 $683,167 $663,833 $650,000
Original List Price Final List Price Sold Price
$450,000 Q2 2013
Q2 2014
Sold Featured Property
Victorian home with a Key West flair overlooking a fountain and charming park. Within walking distance to Upper King Street restaurants, the Charleston museum, and library. The property is currently a single family home with two meters and an upstairs kitchen that could be a potential duplex. The main floor has a large living room with french doors that open onto the piazza; adjacent is a separate dining room with pocket doors, office/den area with storage, a full bath and renovated kitchen with top of the line appliances.
57 Chapel Streel 4BR/3B | 2,460 SqFt Sold For $685,000 Daniel Ravenel Sotheby’s International Realty
Recently Sold At Auction
Property From A Distinguished European Private Collection Rudolf Stingel Untitled Oil on Canvas Sold for $1,543,428.43
18
Destination: Charleston
The Market in the Charleston Area
Johns Island & Wadmalaw Market Facts
A stunning contrast to more developed areas of Charletson, 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.
Days On Market
Total Sales 150
110
110
100
100
90
121
102 73
71
50
70 50
Days on Market Cumulative Days on Market
0 Q2 2013
Q2 2014
Q2 2013
Q2 2014
Average Sale Price $325,000
$309,741 $271,310
Sold Price Per Sqft $150
$144
$140
$250,000
$127
$130 $175,000
$120
$100,000 Q2 2013
Q2 2014
$110 Q2 2013
Q2 2014
List Prices versus Sold Prices $316,726
$320,691 $309,741
$300,000
Original List Price $282,601 $278,414 $271,310
Final List Price Sold Price
$250,000 Q2 2013
Q2 2014
On the Market Featured Property
Magnificent deep water estate situated on 3 acres of pristine high land. Built in 2005, this home boasts numerous green features including Energy Star appliances, high impact windows and doors, and remarkably low utility bills. With beautiful landscaping and long marsh and country views, the property is enhanced by the location directly on the ICW with a full 8 feet of water at low tide. This home is located in the well known deep water community of Martins Point, part of the Lowcountry Land Trust, which offers walking and biking trails, a community pond, boat storage, and a boat ramp accessing the Wadmalaw River.
1168 Pilot Boy 3BR/3.5B | 4,872 SqFt $2,395,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Chianti, Italy 6BR/8B 7,750 SqFt $2,637,987 Milan Sotheby’s International Realty
Park City, Utah 5BR/5.5B 6,737 SqFt $2,075,000 Summit Sotheby’s International Realty 22
Tortola, British Virgin Islands 6BR/6.5B $2,100,000 British Virgin Islands Sotheby’s International Realty
James Island Market Facts
A well established community, James Island is a large island 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.
Days On Market
Total Sales 300 226
250
85
90
251
80
200
70
150
60
76
76 69
Days on Market Cumulative Days on Market
50
100 Q2 2013
Q2 2013
Q2 2014
Q2 2014
Average Sale Price $325,000 $250,000
$281,069
Sold Price Per Sqft $149
$150
$245,316 $140
$137
$175,000 $100,000 Q2 2013
Q2 2014
$130 Q2 2013
Q2 2014
List Prices versus Sold Prices $320,000
$299,615 $292,856
$300,000 $280,000 $260,000
$281,069 Original List Price
$259,900 $254,736 $245,316
Final List Price Sold Price
$240,000 $220,000 $200,000 Q2 2013
Q2 2014
Featured Ad Charleston Magazine, May 2014 May_Layout 1 3/25/14 4:44 PM Page 1
25 Legare Street • South of Broad
429 Whilden Road • Old Village
2701 Bayonne Avenue • Sullivans Island
32 Wentworth Street • Ansonborough
THIS IS OUR WORLD.
1982 Sandy Point Lane • Rivertowne
Experience the difference of Daniel Ravenel Sotheby's International Realty. It's in our service that extends far beyond the expected. It's our honesty and integrity in every interaction. It's our pledge to listen, and respond to your unique needs. After 30 years serving the Charleston area, our level of expertise is truly unmatched.
Serving you, from the Battery to the Beaches...
33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com
24
West Ashley (inside 526) Market Facts
West Ashley is located across the Ashley River, to the west of Downtown Charleston. One of the early suburban developments 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.
Days On Market
Total Sales 200
125
159
151
83
150
97
93
Days on Market
74
75 100
Cumulative Days on Market 25
50 Q2 2013
Q2 2013
Q2 2014
Average Sale Price $300,000
Q2 2014
Sold Price Per Sqft $160
$243,430
$249,206
$225,000
$138
$140
$150,000 Q2 2013
Q2 2014
$142
$120 Q2 2013
Q2 2014
List Prices versus Sold Prices $300,000
$250,000
$269,710 $255,203 $243,430
$264,141 $259,957 $249,206
Original List Price Final List Price Sold Price
$200,000
$150,000 Q2 2013
Q2 2014
On the Market Featured Property
You must see this magnificent Ashley Harbor brick home with deep moldings, extensive woodwork and Brazilian cherry floors. The large family room, with enclosed TV cabinet and fireplace with gas logs, opens to the eat-in kitchen which is fully equipped with high-end appliances, hand-painted and hand-stained cabinets, granite counter tops, center island, wet bar, wine cooler and pantry. The master bedroom, with 2 large walk-in closets with builtins, and marble master bath with separate shower and tub, is on the first floor. Upstairs there are 4 bedrooms, 3 full baths, large bonus room over garage, plus 2 walk-in unfinished storage areas. Other features include plentiful storage, central vac, in-wall speakers and working shutters. Enjoy the screened back porch, the bluestone patio and fountain. Ashley Harbor is a gated community with a neighborhood boat landing.
2207 Weepoolow Trail 5BR/4+B | 4,657 SqFt $949,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Langley, Washington 2BR/2B 3,030 SqFt $925,000 Realogics Sotheby’s International Realty
Treasure Cay, Bahamas 3BR/2B 2,486 SqFt $920,000 Damianos Sotheby’s International Realty 26
Essex, Massachusetts 4BR/2.5B 5,709 SqFt $950,000 By the Sea Sotheby’s International Realty
Charleston Peninsula (Below Crosstown) Market Facts
Located on a 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 live oaks lead to winding alleys full of charm. The famous Charleston gardens hide behind walls and iron gates, and magnificent parks such as White Point Gardens attract visitors from all over the world.
Days On Market
Total Sales 136
140 130
250 200
125
221 182
Days on Market 151
120
150
110
Cumulative Days on Market
118
100 Q2 2013
Q2 2014
Q2 2013
Average Sale Price $1,000,000
$903,798 $801,667
Q2 2014
Sold Price Per Sqft
$397
$400 $350
$350
$750,000 $300 $500,000 Q2 2013
Q2 2014
$250 Q2 2013
Q2 2014
List Prices versus Sold Prices $1,050,000
$950,000
$941,911 $944,888
$931,972
$903,798
Final List Price
$860,680 $850,000
Sold Price
$801,667
$750,000 Q2 2013
Original List Price
Q2 2014
On the Market Featured Property
The Harth-Macbeth House sits on a high corner lot on prestigious Lower Legare Street. This historically important South of Broad Mansion represents a wonderful opportunity to own a piece of history. With spacious formal rooms, a large and bright eat in kitchen and living area, and magnificent porches overlooking mature gardens, this home embodies the true South of Broad lifestyle. The home is showered by magnificent light from all sides through the lovely 9 over 9 windows. Ornate historic mantles and lovely moldings adorn many of the main rooms of the home. A large Charleston garden behind wrought iron gates invites the occasional pedestrian to peek through vegetation and behold the stunning double porches and bright camellias and flowering plants.
9 Legare Street 8BR/7.5B | 7,412 SqFt $3,595,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Greenwich, Connecticut 7BR/6.5B 6,785 SqFt $3,995,000 Sotheby’s International Realty Greenwich Brokerage
Santa Fe, New Mexico 7BR/5+B 8,500 SqFt $3,975,000 Sotheby’s International Realty Santa Fe Brokerage 28
Abbotsford, British Columbia 9BR/8B 44,340 SqFt $3,969,022 Sotheby’s International Realty Canada
Mt. Pleasant (South of IOP Connector) Market Facts
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 new 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.
Days On Market
Total Sales 338
337
350
88
100 80
300
71
63
56
60
Days on Market
40
250
Cumulative Days on Market
20
200
0 Q2 2013
Q2 2013
Q2 2014
Q2 2014
Average Sale Price $550,000
Sold Price Per Sqft $250
$208
$206
Q2 2013
Q2 2014
$464,046 $200
$418,930
$150 $300,000 Q2 2013
Q2 2014
$100
List Prices versus Sold Prices $500,000
$486,820 $475,153
$480,000
$464,046 $460,000 $440,000 $420,000
Final List Price
$432,734 $433,563
Sold Price
$418,930
$400,000 Q2 2013
Original List Price
Q2 2014
Recently Sold Featured Property
Located a block from the Old Pitt Street Bridge where the best way of life can be experienced daily from the front porch. This beautiful custom 3 bedroom home is full of light and charm. The gourmet kitchen with a wood burning fireplace is flanked by French doors leading to the backyard. Having gracious space to dine and relax, this hub of the house also has a handsome study and huge pantry/mudroom off of it. This multi-purpose room with additional sink and abundant storage leads to a side entrance porch and handsome car port. Upstairs the large 20x24 Master bedroom has a gas fireplace and sitting area. Read by the fireplace or indulge in the en suite bathroom’s light filled garden tub. Two bedrooms across the hall share a bathroom. This elevated house with Charleston brick foundations not only allows for the sea breezes but gives you ample storage underneath.
948 Pitt Street 3BR/2.5B | 3,112 SqFt $1,295,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Turtle Cove, Turks and Caicos 1BR/1.5B 1,500 SqFt $2,000,000 Turks and Caicos Sotheby’s International Realty
Ibiza, Spain 3BR/4.5B 2,723 SqFt $1,498,433 Ibiza Sotheby’s International Realty 30
Rhone-Alpes, France 6BR/2+B 4,306 SqFt $1,498,433 Perle du Lac Sotheby’s International Realty
Sullivans Island Market Facts
Just past the fabulous shopping and dining in Mount Pleasant sits the 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.
Days On Market
Total Sales 19
20 18
200
16 13
14
235
250
Days on Market
175 144
150
12
116
Cumulative Days on Market
100
10 Q2 2013
Q2 2014
Q2 2013
Average Sale Price $1,800,000 $1,600,000
Q2 2014
Sold Price Per Sqft $600
$1,598,854
$569
$550
$1,400,000
$1,238,211
$1,200,000
$500
$450
$450
$1,000,000 Q2 2013
Q2 2014
$400 Q2 2013
Q2 2014
List Prices versus Sold Prices $2,000,000 $1,800,000 $1,600,000
$1,784,154 $1,716,077 $1,598,854
Original List Price $1,428,316 $1,353,316
$1,400,000
$1,238,211 $1,200,000 $1,000,000 Q2 2013
Q2 2014
Final List Price Sold Price
On the Market Featured Property
This front beach Sullivan’s Island home is truly unique! From its stunning entrance to the soaring, panoramic windows of the great room, the meticulous design and construction create an environment that is stylish, inviting, expansive and livable. With extra large rooms throughout, the home features three (3) “master” suites, a “guest suite” with two bedrooms and a separate bath, separate living and dining rooms, a den, and two rooms on the “mezzanine”, overlooking the great room, that could be used as a sitting area, office, hobby area, children’s play area, etc. There are three gas fire places, including a double fireplace in the great room and large fireplaces in the living room and in one of the master bedrooms. The gourmet kitchen is equipped with top of the line appliances and solid stone surfaces.
2701 Bayonne Street 5BR/4+B | 6,013 SqFt $3,650,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Sandy Springs, Georgia 5BR/6.5B 9,364 SqFt $3,900,000 Atlanta Fine Homes Sotheby’s International Realty
Moraira, Spain 3BR/3.5B 3,121 SqFt $3,798,343 Costa Blanca Sotheby’s International Realty 32
Mount Crested Butte, Colorado 10BR/10+B 11,500 SqFt $3,795,000 Benson Sotheby’s International Realty
Isle of Palms & Wild Dunes Market Facts
Isle of Palms is an enchanting beach community with grand mansion-style, luxury dwellings. Homes on this island range from 5 to 8 or more bedrooms and average 5,000 to 7,000 square feet. Many of the island retreats for sale here sit on an average of 1 to 1.5 acres of land and sclaim their brilliance through subtle colors and grand structure.
Days On Market
Total Sales 88
100
350
73
319
300
50
250
Days on Market
241 193
200 0
219 Cumulative Days on Market
150 Q2 2013
Q2 2014
Q2 2013
Q2 2014
Average Sale Price $750,000
$705,508
Sold Price Per Sqft $380
$700,000 $650,000
$363 $625,349
$360
$351
$600,000 $550,000 Q2 2013
Q2 2014
$340 Q2 2013
Q2 2014
List Prices versus Sold Prices $1,100,000
$1,045,342
$900,000
$700,000
$802,690
$757,288 $705,508
$681,384 $625,349
$500,000 Q2 2013
Q2 2014
Original List Price Final List Price Sold Price
Recently Sold Featured Property
Wonderful family home with open floor plan and beautiful natural light on Waterway Island in Wild Dunes. The expansive views of the marsh and Intracoastal Waterway create a peaceful setting to enjoy nature from both the inside of this The master bedroom and guest bedroom are on the main floor.The remaining three bedrooms are on the second level. With the open floor plan and views, it’s an ideal floor plan for entertaining. The large lot, which is separated from the marsh by a seawall, may be perfect for adding a pool or additional outdoor entertainment areas. Wild Dunes living offers swim/social, tennis, and golf memberships.The close proximity to the IOP Marina and ocean allow you to have access to boating and the beach.
24 Waterway Island Drive 5BR/4B | 4,726 SqFt $1,195,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Big Bear City, California 4BR/3.5B 4,014 SqFt $1,125,000 Wheeler Steffen Sotheby’s International Realty
Punta Fuego, Phillipines 7BR/6.5B 6,135 SqFt $1,119,049 Phillipine Sotheby’s International Realty 34
Sun Peaks, British Columbia 5BR/5B 3,612 SqFt $1,062,829 Sotheby’s International Realty Canada
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33 Broad Street Charleston, SC 29401 O: 843.723.7150 | 843.723.7494
Daniel Ravenel Sotheby’s International Realty 33 Broad Street Charleston, SC 29401 O: 843.723.7150 | 843.723.7494 www.DanielRavenelSIR.com