Market Update Q4 2013
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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 31
31
350
21
18
250
185
149 184
125 133
150
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Days on Market
224
Cumulative Days on Market
50
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Number of Listings
Months of Inventory
120
25
100
20
80
15
60
Average Sale Price
Dec
Nov
Oct
Sept
Jul
Aug
Jun
Price Per Sqft $556
$600
$2,000,000 $1,752,667
$1,515,680 $1,493,590 $1,253,887
$1,500,000
May
Apr
Feb
Dec
Nov
Oct
Sept
Aug
Jul
Jun
Apr
May
0
Mar
0
Jan
5 Feb
20
Jan
10
40
Mar
40 30 20 10 0
402 335
450
$500
$499 $483
$443
$400
$1,000,000
$300
$500,000
Q1 2013
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Q2 2013
Q3 2013
Q4 2013
List Prices versus Sold Prices $2,044,333 $2,000,000
$1,881,278 $1,830,318 $1,752,667
$1,657,561
$1,592,450 $1,598,564
$1,515,680 $1,349,658 $1,380,387
$1,500,000
$1,493,590
$1,253,887 $1,000,000
Q1 2013
Q2 2013
Q3 2013
Q4 2013
Original List Price List Price Sold Price
On the Market Featured Property
A true historical gem located South of Broad, the Carolopolis Award winning Jacob Motte House is one of the earliest residences built in the city on the land originally bought from Robert Tradd. 61 Tradd was constructed circa 1731 and sits on Lot 60 of the Grand Modell of 1672. This early Georgian 3 1/2 story masonry single house was built by Jacob Motte, who was a Huguenot and Royal Treasurer of the Province. (Jacob Motte also owned 67 acres in Point Pleasant which is now the Old Village in Mount Pleasant).The first floor interior of this home boasts some of the finest example of Georgian paneling in the country. The period cypress paneling is accompanied by wide plank heart of pine flooring.
61 Tradd Street 5BR/3B | 4,000 SqFt $1,499,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Providenciales, Turks and Caicos 5BR/5B 4,000 SqFt $1,500,000 Turks and Caicos Sotheby’s International Realty
South Orange, New Jersey 7BR/5.5B 1.42 Acres $1,498,000 Prominent Properties Sotheby’s International Realty 4
Rhone-Alpes, France 5BR/1.5B 1,453 SqFt $1,352,821 Perle du Lac Sotheby’s International Realty
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
209
150
9
Cumulative Days on Market
50
Q1 Q2 Q3 Q4 2013 2013 2013 2013
0
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Number of Listings
Average Sale Price $700,000
Dec
Nov
Oct
Aug
Dec
Oct
Nov
Sept
Jul
Aug
Jun
May
Apr
Feb
Mar
Jan
20
Sept
40
Jul
60
Jun
80
Jan
80 70 60 50 40 30 20 10 0
Feb
Months of Inventory
100
0
Days on Market
102
100
0
174 155
Apr
10
145
May
11
204
191 167
200
20
19
20
250
Mar
30
Price Per Sqft
$669,224 $675,500 $658,083 $622,639
$400
$361 $318
$300
$600,000
$283
$308
$200
$500,000
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Q1 2013 Q2 2013 Q3 2013 Q4 2013
List Prices versus Sold Prices $800,000 $750,000
$743,584 $714,800
$747,965
$707,721
$700,000 $650,000 $600,000
$652,782
$669,224
$622,639
$696,220
$658,083
$743,656 $705,656 $675,500
Q2 2013
Q3 2013
List Price Sold Price
$550,000 Q1 2013
Original List Price
Q4 2013
On the Market Featured Property
A new small residential enclave, to be built on the Charleston peninsula, will overlook Alberta Long Lake and the Ashley River. Halsey Park was conceived by Bennett Hofford Construction, a local building and development company, to create something historically inspired, yet totally unique for Charleston and perfectly suited for 21st century living. Initially, 6 classically designed, fee simple rowhouses will be built using state-of-the-art Structurally Insulated Panel construction that provides hurricane strenth, well beyond code; plus, they are termite resistant, extremely energy efficient and environmentally green. There will also be 6 build-to-suit lots offered as well. These new residences will overlook a central garden-park designed by Sheila Wertimer with gas-lit paths, flowers, trees and landscape features to be enjoyed from dual level rear porches or by foot.
Halsey Park 2,204+ SqFt | 2+ BR Priced from $1,300,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
La Rochelle, France 5BR/1+B 2,691 SqFt $2,697,939 Saint Louis Immobilier Sotheby’s International Realty
Santa Barbara, California 3BR/3.5B 2,891 SqFt $1,999,000 Sotheby’s International Realty Santa Barbara Brokerage 6
Marlow, England 5BR/2.5B 2,491 SqFt $2,557,136 United Kingdom 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 10 5
9
7
6
4
497 497
500
343 343 205 205
300
0
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Cumulative Days on Market
100
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Number of Listings
Months of Inventory 30 25 20 15 10
0
Dec
Nov
Oct
Aug
Sept
Jul
Jun
Apr
May
Feb
Mar
5
Jan
40 35 30 25 20 15 10 5 0
Days on Market
341 293
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Average Sale Price
Price Per Sqft
$1,800,000
$800 $1,343,080
$1,300,000 $800,000
$700,500
$686
$700
$916,278
$600
$530 $526
$576
$500
$580,083
$400
$300,000
Q1 2013
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Q2 2013
Q3 2013
Q4 2013
List Prices versus Sold Prices $1,546,857 $1,454,429
$1,500,000 $1,134,978 $1,100,000 $768,100 $765,600 $700,000
$700,500
$1,343,080
$960,711 $916,278 $621,317 $608,500
List Price Sold Price
$580,083 $300,000
Q1 2013
Q2 2013
Q3 2013
Original List Price
Q4 2013
Recently Sold Featured Property
This wonderful top-floor Factor’s Walk unit offers spacious rooms, light, views, and high-end finishes. Furnishings, by designer Beverly Bohan of Haute Design. Any chef would be pleased with the 6-gas burner/double oven Viking range with hood, the large center island, the Sub-Zero refrigerator and drawer microwave. The kitchen flows into the casual dining area, the family room, to the pantry and formal dining room. Other features include: direct access elevator, magnificent grand stairway entrance facing Waterfront Park, 2 secured parking spaces, generous storage, high ceilings, cove lighting, triple french doors opening onto the gorgeous piazza overlooking Waterfront Park, three fireplaces with gas logs and city views from the deck off of the master bedroom.
5-4A Middle Atlantic Wharf 2BR/2.5B | 3,051 SqFt Sold For $2,950,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Cape Town, South Africa 3BR/2.5B 7,319 SqFt $3,500,000 Moscow Sotheby’s International Realty
Wadsworth, Illinois 5BR/7+B 15,500 SqFt $3,499,000 Hunter’s Fairway Sotheby’s International Realty 8
Paradise Island, Bahamas 4BR/4.5B 5,000 SqFt $3,495,000 Old Fort Bay 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 8
301
300
4
200
0
103
100
Q1 Q2 Q3 Q4 2013 2013 2013 2013
179201
197 109
72
Days on Market
141
Cumulative Days on Market
0
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Months of Inventory
Number of Listings 35
30
30
25
25
20
20
15
15
$900,000
$1,068,625
Dec
Nov
Oct
Sept
Aug
Jul
$436 $410 $424
$450 $400
$826,556
$819,250
Jun
Price Per Sqft
Average Sale Price $1,100,000
May
Feb
Dec
Nov
Oct
Sept
Aug
Jul
Jun
May
Apr
0
Feb
0
Mar
5 Jan
5
Jan
10
10
Apr
5
9
8
Mar
10
$355
$350 $300
$700,000
$250 Q1 2013
$500,000
Q1 2013
Q2 2013
Q3 2013
Q2 2013
Q3 2013
Q4 2013
List Prices versus Sold Prices $1,250,000
$1,172,125
$1,150,000 $1,106,250 $1,050,000 $950,000
$1,122,750 $983,333 $1,068,625
$906,250
$896,778
$850,000 $750,000
$826,556
$819,250
$906,000 $897,250 $866,063
$650,000
Q1 2013
Q2 2013
Q3 2013
Q4 2013
Original List Price List Price Sold Price
On the Market Featured Property
This solid brick carriage house is steeped in old world ambiance and features a fabulous kitchen, 10’ ceilings, wide heart of pine floors, beautiful woodwork, a fireplace with period mantel, bright well proportioned rooms, and an idyllic setting. All of the rooms are bathed in natural light. The renovated kitchen boasts top-of-the-line appliances and marble counter tops. There is room enough for a small breakfast table from which there are views of the patio. Upstairs there are two bedrooms and two full bathrooms. The master bedroom has a vaulted ceiling and a walk-in closet. There is also a closet with a stacked washer/dryer. This residence is situated behind the James Jervey Mansion and overlooks its landscaped garden.
55 Laurens Street, B 2BR/2B | 1,479 SqFt $765,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Maldonado, Uruguay 3BR/3.5B 2,906 SqFt $800,000 Perazzo Inmobiliaria Sotheby’s International Realty
Brooklyn, Michigan 3BR/3B 3,190 SqFt $799,000 SKBK Sotheby’s International Realty 10
Makawao, Hawaii 3BR/2B 1,551 SqFt $750,000 Island 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 150
6
80 80
100
130
110 91
50
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Cumulative Days on Market
0
Q1 2013 Q2 2013 Q3 2013 Q4 2013
$350
$700,000
$582,000 $587,308
$600,000
Dec
Nov
Oct
Sept
Aug
Jul
Price Per Sqft
Average Sale Price
$500,000
Jun
Feb
40 35 30 25 20 15 10 5 0
Jan
Dec
Nov
Months of Inventory
Oct
Aug
Sept
Jul
Jun
May
Apr
Mar
Feb
Jan
Number of Listings 40 35 30 25 20 15 10 5 0
Days on Market
82 82
May
5
Apr
12
187
200
15
Mar
20 15 10 5 0
$323 $300
$300
$522,927 $400,708
$274
$284
$250
$400,000
$200
$300,000
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Q1 2013 Q2 2013 Q3 2013 Q4 2013
List Prices versus Sold Prices $700,000 $600,000
$546,952 $546,085
$500,000 $450,667 $439,125 $400,000
$608,400 $603,600
$635,500 $643,667
$582,000
$587,308
$522,927
List Price Sold Price
$400,708
$300,000
Q1 2013
Original List Price
Q2 2013
Q3 2013
Q4 2013
Recently Sold Featured Property
Located near the restaurants & CofC & MUSC, Seventy Seven Pitt Street is a wonderful large home which currently is divided into three apartments. The interior of this home features comfortable living spaces with hardwood floors and lovely fireplaces. A fabulous eat-in kitchen offers granite countertops and high end appliances. The first floor master bedroom has an adjoining office area, walk-in closet and a completely renovated, spacious full bath.
77 Pitt Street 4BR/4.5B | 4,128 SqFt $899,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Grand Cayman, Cayman Islands 3BR/2B 2,200 SqFt $900,000 Cayman Islands Sotheby’s International Realty
Tokyo, Japan 1BR/1B 693 SqFt $884,485 List Sotheby’s International Realty 12
Cusco, Peru 12BR/12.5B 50,590 SqFt $880,000 Peru Sotheby’s International Realty
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.
Total Sales 700 500 300
113 121
100 -100
Average Sale Price
Dec
Nov
Feb
Jan
Dec
Nov
0
Oct
0
Aug
10
Sept
10
Jul
20
Jun
20
May
30
Apr
30
Mar
40
Feb
40
Jan
50
Oct
Months of Inventory
50
Price Per Sqft
$450,000 $350,000
Cumulative Days on Market
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Number of Listings
$360,250
95 107
Sept
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Aug
0
Days on Market
260 266
Jul
2
5
Jun
8
6
Apr
10
Mar
15
Days on Market
683 569
May
14
$359,461
$239
$250
$297,929
$198
$200
$250,000 $202,250 $150,000 Q1 2013 Q2 2013 Q3 2013 Q4 2013
$223
$221
$150 Q1 2013 Q2 2013 Q3 2013 Q4 2013
List Prices versus Sold Prices $472,833
$500,000
$300,000 $200,000
$388,656 $389,600
$393,500
$400,000
$360,250 $246,898
$327,179 $322,536
$359,461
List Price
$297,929
Sold Price
$177,125 $202,250
$100,000 Q1 2013
Original List Price
Q2 2013
Q3 2013
Q4 2013
Featured Ad - Charleston Mercury, October 2013 October16_HalfPageMercury_10.625x10.5 10/21/13 12:04 PM Page 1
Significant Sales
PROVEN RESULTS. TRUSTED AGENTS.
20 SOUTH ADGERS WHARF South of Broad Sold For $1,252,000
113 ASHLEY AVENUE Harleston Village Sold For $2,025,000
12 SURF LANE Isle of Palms Sold For $1,585,000
Helene Settle
Chasen McCall
Beth McCrabb
40 RUTLEDGE AVENUE Harleston Village Sold For $1,490,000
22 KING STREET South of Broad Sold For $1,950,000
5-4A MIDDLE ATLANTIC WHARF French Quarter Sold For $2,950,000
Dan Ravenel
Casey Murphey
Lenora White
109 FLYWAY DRIVE Kiawah Island Sold For $10,700,000
126 RUTLEDGE AVENUE Harleston Village Sold For $1,150,000
28 HASELL STREET Ansonborough Sold For $1,000,000
Middleton Rutledge
David Crump
Jane Stoney Cook
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
10
99
77
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Cumulative Days on Market
0
Q1 2013 Q2 2013 Q3 2013 Q4 2013
$300,000
$308,150
Dec
Price Per Sqft $230
$371,615
$350,000
Nov
Nov
Feb
Average Sale Price
Oct
0
Sept
0
Jul
5
Aug
10
Dec
10
Oct
20
Sept
15
Aug
30
Jul
20
Jun
40
May
25
Apr
50
Mar
30
Jan
60
Feb
Months of Inventory
Jan
Number of Listings
$400,000
Days on Market
58 65
29 29
50
5
95
Jun
15
87
100
May
18
150
26
Apr
25
24
Mar
35
$204 $199
$329,550 $190
$262,485
$250,000
$176 $179
$150 Q1 2013
$200,000 Q1 2013 Q2 2013 Q3 2013 Q4 2013
Q2 2013
Q3 2013
Q4 2013
List Prices versus Sold Prices $450,000
$398,894 $384,190
$350,000 $288,911 $274,361 $250,000
$336,952 $323,988
$371,615
$361,690 $345,380 $329,550
$308,150
$150,000
Q2 2013
List Price Sold Price
$262,485
Q1 2013
Original List Price
Q3 2013
Q4 2013
Featured Property Video 5434 Chaplins Landing Road, Hollywood, SC 29449
16
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
84 84
100
Q1 Q2 Q3 Q4 2013 2013 2013 2013
25 25
0 0
0
Q1 2013 Q2 2013 Q3 2013 Q4 2013
$600,000
Dec
Oct
Nov
Sept
Aug
Price Per Sqft
Average Sale Price $682,750 $639,188
$700,000
Jul
Feb
Jan
16 14 12 10 8 6 4 2 0
Dec
Oct
Months of Inventory
Nov
Aug
Sept
Jul
Jun
May
Apr
Mar
Feb
Jan
Number of Listings 16 14 12 10 8 6 4 2 0
Cumulative Days on Market
Jun
0
Days on Market
200
4
May
2
300
Apr
8
Mar
12 8 4 0
279 279
$350 $305 $300
$271
$520,000 $250
$500,000
$229
$200
$400,000
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Q1 2013 Q2 2013 Q3 2013 Q4 2013
List Prices versus Sold Prices $850,000 $746,000 $725,500
$750,000
$656,125 $652,375
$650,000 $550,000 $450,000
$549,500 $549,500
Original List Price $682,750
$639,188
Sold Price
$520,000
Q1 2013
List Price
Q2 2013
Q3 2013
Q4 2013
On the Market 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 $749,000 Daniel Ravenel Sotheby’s International Realty
Recently Sold At Auction
Dame Barbara Hepworth signed, dated 1968 Four Figures Waiting Sold for $556,291 USD
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
121
110
94
100
83
121 76
71
58
128
109
Days on Market
76
50 Q1 Q2 Q3 Q4 2013 2013 2013 2013
Cumulative Days on Market
0
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Number of Listings
Months of Inventory
800
30
750
25 20
700
15
650
Dec
Nov
Oct
Sept
Aug
Jul
Jun
Apr
Price Per Sqft
Average Sale Price $160
$350,000
$142
$296,734
$300,000 $250,000
May
Feb
Dec
Oct
Nov
Aug
Sept
Jul
Jun
May
Apr
Mar
0
Jan
550
Feb
5
Jan
10
600
Mar
140 110 80 50
130
$271,310
$140
$271,233
$245,217
$120
$200,000
$132
$127 $117
$100
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Q1 2013 Q2 2013 Q3 2013 Q4 2013
List Prices versus Sold Prices $320,000
$304,478 $299,346
$282,601
$280,000 $240,000 $200,000
$278,414 $256,658 $250,985
$281,064 $296,734 $278,253 $271,233
$271,310
List Price Sold Price
$245,217
Q1 2013
Original List Price
Q2 2013
Q3 2013
Q4 2013
On the Market Featured Property
Beautiful custom 4200ft home on 15.44 acres in the gated community of Longcreek Plantation. Located on quaint Wadmalaw Island and only 20 minutes from downtown Charleston, this country estate offers a well built 2003 traditional home, which provides 4 bedrooms, 3 bathrooms and 2 half baths. The downstairs master is very spacious and it is accompanied by a well appointed bathroom and walk in closet. A clean, spacious kitchen provides plenty of room to cook and entertain. The upstairs offers 3 additional bedrooms, 2 bathrooms, an office and a play room or media room for entertainment. There is a private deck on the rear of the home and a screened in porch for outdoor living.
1901 Long Creek Road 4BR/3+B | 4,200 SqFt $799,000 Daniel Ravenel Sotheby’s International Realty
Recently Sold At Auction
Blister pearl, gem set, and diamond brooch Late 19th Century Sold for $9,218
22
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 250 200 150 100 50
117
130
226 231
89
149
130
80
76
85
75
86 52
Days on Market
72
Cumulative Days on Market
30
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Number of Listings
Months of Inventory
510
20
500 15
490 480
10
470 460
$250,000
Dec
Nov
Oct
Aug
Sept
Jul
Jun
Price Per Sqft
Average Sale Price $300,000
May
Apr
Mar
0
Feb
Dec
Oct
Nov
Aug
Sept
Jul
Jun
Apr
May
Feb
Mar
Jan
440
Jan
5
450
$285,414 $272,717 $250,225 $245,316
$200,000
$160 $140
$148 $138
$137
$139
$120
$150,000 Q1 2013 Q2 2013 Q3 2013 Q4 2013
$100 Q1 2013 Q2 2013 Q3 2013 Q4 2013
List Prices versus Sold Prices $400,000
$300,000
$200,000
$303,524 $302,593 $296,290 $262,467 $288,243 $259,900 $258,283 $254,736 $285,414 $272,717 $245,316 $250,225
Original List Price List Price Sold Price
$100,000
Q1 2013
Q2 2013
Q3 2013
Q4 2013
On the Market Featured Property
This is a magnificent tidal marshfront property with lovely landscaped grounds irrigated by well water. Most rooms of the house afford stunning vistas of a serene setting. The family and dining rooms flow together with elegant chandelier, sconces, recessed lighting. A fabulous chef ’s dream kitchen offers: Viking 6-burner gas range with glass overhead ventilation, Wolf electric convection oven, Subzero refrigerator/freezer, Meile dishwasher with triple racks, Wolf warming drawer, Uline wine refrigerator; and much more. . A wonderful master bath has granite floors, marble countertops, custom glazed cabinets, whirlpool tub, heated towel racks, chandelier, new glass shower doors, dual showerheads, triple mirrors below 3 overhead wall sconces imported from Italy.
921 Cotton House Road 4BR/2.5B | 3,110 SqFt $795,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Denver, Colorado 2BR/2.5B 2,101 SqFt $850,000 Fuller Sotheby’s International Realty
Paris, France 1BR/1B 473 SqFt $802,175 Paris Rive Droite Sotheby’s International Realty 25
Shrewsbury, Vermont 4BR/4.5B 4,500 SqFt | 21 acres $750,000 Vermont Country Properties Sotheby’s International Realty
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 98
97
83 93
Days on Market
50
50
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Cumulative Days on Market
0
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Price Per Sqft
Average Sale Price $243,430 $242,052
$250,000 $230,000
Dec
Dec
Oct
Nov
Aug
Sept
Jul
Jun
May
Apr
Mar
Jan
Feb
420
Jul
440
Jun
460
May
480
Feb
500
Jan
16 14 12 10 8 6 4 2 0
520
Apr
Months of Inventory
Number of Listings
400
91 99
69 77
Oct
100
81
100
Nov
110
150
131
Aug
159
Mar
150
Sept
200
$138
$140
$229,047
$130
$210,521
$210,000
$120
$190,000
$110
$170,000
$129
$128
$121
$100
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Q1 2013 Q2 2013 Q3 2013 Q4 2013
List Prices versus Sold Prices $344,968
$350,000 $300,000 $235,616 $250,000 $220,511 $200,000
$269,710 $255,203 $243,430
$255,141 $242,052
$210,521
$258,922 $239,716
List Price $229,047
$150,000 Q1 2013
Q2 2013
Q3 2013
Original List Price
Q4 2013
Sold Price
In the News... DRSIR Donates to Pancreatic Cancer Action Network in Support of One of Their Agents Charleston, SC (December 18, 2013) – Daniel Ravenel Sotheby’s International Realty, a local luxury real estate firm, recently donated to the Pancreatic Cancer Action Network (PanCan). The effort was spearheaded by Beth McCrabb and Daniel Ravenel, owner and Broker-in-Charge, generously offered to match any amount raised from employees and agents within the office. The total raised was $775, and with the match the total donation amounted to $1,550. PanCan was founded in 1999 as a small, non-profit, patient-based advocacy organization. PanCan offers a comprehensive range of services, from advocacy and community outreach, to funding research with a goal of creating hope and support for the pancreatic cancer community. Beth McCrabb, an experienced agent at Daniel Ravenel Sotheby’s International Realty has participated in 5k’s, called “Purple Strides,” from Savannah to Cincinnati, in support of PanCan. Most recently, she walked in November in Savannah, Georgia to help advance research and support patients and families affected by pancreatic cancer. She walks in memory of her father, Arnold Hampton, and her uncle, Earl Hampton, who both bravely fought pancreatic cancer. “We walked for the memories, love, and hope they provided our family,” says McCrabb. The combined donation to PanCan from McCrabb’s efforts was $2,315. That contribution included her personal fundraising, the Daniel Ravenel Sotheby’s International Realty office, and Ravenel’s match. This contribution made McCrabb’s team the third highest this year for Savannah Purple Stride and also made McCrabb the top individual fundraiser. According to PanCan, over 45,000 people will be diagnosed with pancreatic cancer this year and the five-year survival rate is 6%. Since 2003, the Pancreatic Cancer Action Network has awarded 94 research grants totaling nearly $18 million dedicated to patient services, treatments, and a cure for pancreatic cancer. For more information about the Pancreatic Cancer Action Network, please visit PanCan.org. Daniel Ravenel Sotheby’s International Realty has been serving the Lowcountry for over 30 years, having closed well over $1.5 billion in real estate sales during this time. Joining the Sotheby’s International Realty brand in 2007, the company has taken its local market expertise and expanded into the international arena through a close partnership with the Sotheby’s Auction House and a powerful referral network across affiliate offices worldwide. Daniel Ravenel Sotheby’s International Realty is located at 33 Broad Street in Downtown Charleston, and their local web address is DanielRavenelSIR.com. The Sotheby’s International Realty® network currently has more than 13,000 sales associates located in approximately 670 offices in 49 countries and territories worldwide. Each office is independently owned and operated.
26
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 250 200 150 100 50
248
81
125
300
257 207
200 88
221 182
188 155
193 154
Days on Market
100 Cumulative Days on Market
0
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Q1 2013
Q2 2013
Number of Listings
Q3 2013
Q4 2013
Months of Inventory
690 680 670 660 650 640 630 620 610 600
25 20 15 10 5 0 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Price Per Sqft
Average Sale Price $950,000 $750,000
$733,212
$801,667
$741,641
$400
$351
$350
$347
$300
$550,000 $200
$350,000 $150,000 Q1 2013
Q2 2013
$100
Q3 2013
Q1 2013 Q2 2013 Q3 2013
List Prices versus Sold Prices $931,972 $1,000,000 $849,023 $884,538 $860,680 $838,287 $866,936 $788,240 $797,058 $800,000 $801,667 $820,873 $733,212 $741,641 $600,000
Original List Price
$400,000
List Price
$200,000
Sold Price
$- Q1 2013
Q2 2013
Q3 2013
Q4 2013
Under Contract Featured Property
The Robert Trail Chisolm House(c.1838) is one of the most hidden treasures in the highly desirable location of lower Legare Street, and it is uniquely surrounded by some of the most historical and stately homes on the peninsula of Charleston. Previously owned by a well known Charleston family, this is a very rare opportunity to own an .50 acre estate in downtown Charleston which has not been on the market in over 50 years.The property consists of 3 story masonry main house with triple-tiered piazzas that overlook one of the largest and most private gardens in the city.
23 Legare Street 5BR/3.5B | 6,155 SqFt $3,795,000 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
337 329
81
100
150
100 63
88
66
58
Days on Market
75
50
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Cumulative Days on Market
0
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Months of Inventory
Number of Listings 660
10
640
8
620
6
600
4
580
Average Sale Price $500,000
Dec
Nov
Oct
Sept
Aug
Jul
Jun
Price Per Sqft $250
$457,177
$439,600 $419,180 $418,930
$450,000
Apr
Feb
Dec
Oct
Nov
Aug
Sept
Jul
Jun
May
Apr
Mar
Jan
Feb
0
Jan
2
560 540
81
May
250
150 225
218
Mar
350
$200
$400,000
$191
$208
$195
$194
$150
$350,000 $300,000
$100
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Q1 2013 Q2 2013 Q3 2013 Q4 2013
List Prices versus Sold Prices $500,000
$493,739 $485,623 $459,592
$450,000
$457,177 $432,734 $433,563
$435,910 $430,166 $439,600
$418,930
$419,180
$400,000 Q1 2013
Q2 2013
Original List Price
$454,438
Q3 2013
Q4 2013
List Price Sold Price
Under Contract Featured Property
Located in the heart of the Old Village, this beautiful Lowcountry style move-in ready home has fabulous amenities, landscaping, and living spaces. This clapboard house, with no need to be elevated, has a deep porch wrapping around three sides of the home, flowing right into the magnificently landscaped fenced-in garden. The French doors create an inviting feeling, giving the first floor an open and airy feel. The current owners have done extensive improvements to an already wonderful property, which will be apparent the minute you arrive. There are 4 en suite bedrooms, giving you options for a master bedroom. In the current master bedroom, there is a gas fireplace and a wood burning fireplace on the first floor. The elegant and spacious kitchen with a large island is perfectly situated to be a part of the open floor plan and looks out towards the yard and screen porch.
603 Royall Avenue 4BR/4.5B | 2,900 SqFt $1,265,000 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
Mt. Pleasant (North of IOP Connector) Market Facts
Waterways and marsh views are a common thread throughout Mount Pleasant, and life moves in the rhythm with those tidal creeks. One has only to search for homes in the Mount Pleasant area to notice the number of water views and lots looking out on open marsh. Enjoy the South Carolina’s pristine Lowcountry waters and wildlife, while remaining within only minutes of Downtown Charleston in Mount Pleasant.
110
Total Sales 450 350 250 150
90
372
332
292
215
Days on Market
107
98 73
65
70
60
Days on Market
64
50
Q1 2013
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Q2 2013
780 760 740 720
Dec
Nov
Oct
Sept
Jul
Aug
Jun
Apr
May
Mar
Jan
700
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Price Per Sqft
Average Sale Price $400,000
$351,383 $361,047
Q4 2013
16 14 12 10 8 6 4 2 0
800
Feb
Q3 2013
Cumulative Days on Market
Months of Inventory
Number of Listings
680
93
79
$383,993 $388,741
$160 $141
$148
$155
$140
$350,000 $300,000
$120
$250,000
$100
$200,000 Q1 2013
Q2 2013
Q3 2013
Q1 2013 Q2 2013 Q3 2013
Q4 2013
List Prices versus Sold Prices $412,925
$420,000 $392,673 $391,662
$400,000 $380,000
$379,112 $360,486
$370,244 $368,526
$360,000 $340,000
$383,993
$396,170 $388,741
List Price
$361,047
Sold Price
$351,383
$320,000
Q1 2013
Q2 2013
Original List Price
Q3 2013
Q4 2013
On the Market On the Market
It is all about lifestyle with this incredible property. Sit by the pool or take your boat for a cruise down the river. Located on deep water with boat lift and floating dock. Enjoy beautiful sunset views. This Mediterranean Style stucco home has many custom features. Among them are a gourmet kitchen to delight any cook with two sinks, Wolfe 6 burner plus griddle stove and two ovens. There is a game room with built in bar, professional outfitted office, media room with large projection TV and surround sound. Elevated pool deck including heated and cooled infinity pool, spa, fire pit, koi pond, outdoor kitchen. Deep water dock with 20 x 20 Pier Head, 30 ft floating dock and boat lift. For the car collector there is a 3 bay daily use garage plus 7 car storage garage/utility room.
1982 Sandy Point Lane 5BR/5+B | 10,500 SqFt $4,750,000 Daniel Ravenel Sotheby’s International Realty
Listings Around the World in this Price Range
Tel Aviv, Israel 3BR/3.5B 3,681 SqFt $5,000,000 Israel Sotheby’s International Realty
Ponte Vedra Beach, Florida 7BR/8.5B 8,560 SqFt $4,850,000 Manormor Sotheby’s International Realty 32
Bloomfield Hills, Michigan 6BR/5+B 8,600 SqFt $4,475,000 SKBK 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.
Total Sales 14 6
Q1 Q2 Q3 Q4 2013 2013 2013 2013
235
194 156
175
172
200
0
277
266
300
Cumulative Days on Market
100
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Average Sale Price
$1,500,000
Dec
Nov
Oct
Aug
Sept
Price Per Sqft $600
$1,819,643 $1,631,667
$1,598,854
Jul
0
Jun
0
Feb
5 Jan
10 Dec
10
Nov
20
Oct
15
Sept
30
Jul
20
Aug
40
Jun
25
Apr
50
May
30
Feb
60
Mar
35
Jan
70
May
Months of Inventory
Number of Listings
$2,000,000
Days on Market
168
Apr
10
13
9
Mar
20
Days on Market
$1,470,035
$569
$582
$550 $500
$472
$450
$447
$400
$1,000,000
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Q1 2013 Q2 2013 Q3 2013 Q4 2013
List Prices versus Sold Prices $2,500,000
$2,000,000
$1,728,222 $1,562,200
$1,500,000
$2,015,993 $1,990,279 $1,880,833 $1,832,500 $1,716,077 $1,819,643 $1,598,854 $1,631,667
$1,784,154
$1,470,035
$1,000,000 Q1 2013
Q2 2013
Q3 2013
Q4 2013
Original List Price List Price Sold Price
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34
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
400
162 53
258 207
241
200
Q1 Q2 Q3 Q4 2013 2013 2013 2013
Cumulative Days on Market
100
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Average Sale Price $850,000
$650,000
$715,970 $718,647
Dec
Oct
Nov
Sept
Jul
Price Per Sqft $400
$750,000
Aug
0
Feb
320
Jan
5 Dec
330 Nov
10
Oct
340
Sept
15
Aug
350
Jul
20
Jun
360
May
25
Apr
30
370
Mar
380
Feb
35
Jan
390
Jun
Months of Inventory
Number of Listings
$761,156
Days on Market
230
May
45
300
320
319
Apr
88
290 252
Mar
170 120 70 20
$358
$363
$354
$350 $305
$625,349
$300
$550,000 Q1 2013 Q2 2013 Q3 2013 Q4 2013
$250 Q1 2013 Q2 2013 Q3 2013 Q4 2013
List Prices versus Sold Prices $1,045,342 $1,100,000 $1,016,676 $1,000,000 $915,153 $900,000 $818,745 $825,933 $780,184 $764,793 $800,000 $681,384 $761,156 $700,000 $718,647 $715,970 $600,000 $625,349 $500,000 $400,000
Q1 2013
Q2 2013
Q3 2013
Q4 2013
Original List Price List Price Sold Price
On the Market Featured Property
onderful 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 36
Sun Peaks, British Columbia 5BR/5B 3,612 SqFt $1,062,829 Sotheby’s International Realty Canada
Marketing Charleston Worldwide
GolfPropertySIR.com
HistoricPropertySIR.com
SothebysRealty.com
About Charleston, SC
WaterfrontPropertySIR.com
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