2014 Year End Report

2014 YEAR END REPORT

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 444

450

150

400

100

371

350

130

113 82

70

Days on Market

50

300

Cumulative Days on Market

0 2013 Avg

2014 Avg

2013 Avg

2014 Avg

Average Sale Price $375,000 $300,000

$300,090

$271,123

Sold Price Per Sqft $150

$129

$145

$100

$225,000 $150,000 2013 Avg

$50

2014 Avg

2013 Avg

2014 Avg

List Prices versus Sold Prices $400,000 $332,688 $300,000

$279,917

$278,032 $271,123

$325,989 $311,374

Original List Price Final List Price Sold Price

$200,000

$100,000 2013 Avg

2014 Avg

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. A large formal living room and separate dining room grace the main level along with the gourmet eat-in-kitchen with top of the line appliances.The second level offers a sprawling master with private deck and porch access, as well as an ample sun-filled office and additional guest suite. 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

Whitefish, Montana 4BR/4.5B 6,400 SqFt $3,000,000 Glacier Sotheby’s International Realty

Canary Islands, Spain 9BR/7B 5,274 SqFt $2,322,454 Canary Islands Sotheby’s International Realty 5

Brookville, New York 5BR/5.5B 6,115 SqFt $2,100,000 Daniel Gale 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 863

900

105 85

800

736

90

88

73

Days on Market

68

65

700

Cumulative Days on Market

45 25

600 2013 Total

2014 Total

2013 Avg

2014 Avg

Average Sale Price $350,000

Sold Price Per Sqft $200

$263,418

$284,902 $150

$141

$149

2013 Avg

2014 Avg

$250,000 $100 $150,000 2013 Avg

$50

2014 Avg

List Prices versus Sold Prices $320,000 $300,000 $280,000

$301,228

$294,717

$282,121 $274,388 $263,418

$284,902 Original List Price

$260,000

Final List Price

$240,000

Sold Price

$220,000 $200,000 2013 Avg

2014 Avg

On the Market Featured Property

Pride of ownership shows in this updated family-friendly home, which has been meticulously maintained.The property sits on a large well-kept lot and is located in an X flood zone, so no flood insurance is required. The back of the lot has a wooded buffer, providing backyard privacy. The HVAC was replaced in 2014, and all new, energy-efficient windows were installed in 2009 and a new water heater was installed in 2013. The eat-in kitchen, with travertine stone floors, opens up to the living room, with the two rooms separated by a breakfast bar. Beautiful new hardwood floors have been installed in the living room and down the hall leading to the home’s three bedrooms. The master bedroom features an attached master bath with concrete vanity and a tiled walk-in shower.

1027 Yorktown Drive 3BR/2B | 1,148 SqFt $219,900 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Vero Beach, Florida 3BR/3B 1,765 SqFt $250,000 Prominent Properties Sotheby’s International Realty

Santa Fe, New Mexico 3BR/2B 1,100 SqFt $235,000 Sotheby’s International Realty Santa Fe - East Palace 7

North Las Vegas, Nevada 3BR/2.5B 1,533 SqFt $195,000 Synergy 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 600

125 507

498

500

81

98

91

Days on Market

75

75 Cumulative Days on Market

400

25 2013 Total

2014 Total

2013 Avg

2014 Avg

Average Sale Price

Sold Price Per Sqft

$300,000 $248,305

$231,262 $225,000

$140 $140

$129

$120

$150,000 2013 Avg

2014 Avg

$100 2013 Avg

2014 Avg

List Prices versus Sold Prices $300,000 $277,304

$274,974 $259,470

$250,000

$248,305

$242,643 $231,262

Final List Price Sold Price

$200,000 2013 Avg

Original List Price

2014 Avg

On the Market Featured Property

Quintessential family brick home in Wappoo Heights. Renovated down to the studs in 2002, this home is in excellent condition and boasts a very user-friendly, spacious floor plan with a large central hall downstairs and a spacious open hall upstairs - a rarity! The kitchen is fit for the best of cooks with stainless and granite and a large island in addition to a seated breakfast counter for kids! The kitchen spills into a large family room and has French doors overlooking a large fenced patio and private yard framed by majestic oaks. Upstairs the master suite has it all; vaulted ceilings, two large his/her walk-in closets, a sitting area and a luxurious bath. The two very ample sized secondary bedrooms share a jack and jill while the fourth bedroom (carpeted for baby) has it’s own full bathroom. Master bedroom curtains convey. Ample parking, separate kids rec. room in backyard cottage and plentiful sunshine throughout make this property perfect!

7 Palmetto Road 4BR/3.5B | 3,976 SqFt $1,195,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Montclair, New Jersey 6BR/3B 4,030 SqFt $1,249,000 Prominent Properties Sotheby’s International Realty

Uzes, France 6BR/2+B 4,843 SqFt $1,210,121 Uzes Sotheby’s International Realty 9

Longwood, Florida 5BR/5.5B 5,297 SqFt $1,165,000 Stirling 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 250

542

550

200

402

450

215 175

163 134

150

350 250

Days on Market Cumulative Days on Market

100 2013 Total

2014 Total

2013 Avg

Average Sale Price $1,000,000

$883,364 $774,348

2014 Avg

Sold Price Per Sqft $400

$388 $360

$350

$750,000 $300 $500,000 2013 Avg

2014 Avg

$250 2013 Avg

2014 Avg

List Prices versus Sold Prices $1,100,000

$1,037,717

$1,000,000 $900,000 $800,000

$875,955 $828,229 $774,348

$906,075 $858,658

Original List Price Final List Price Sold Price

$700,000 $600,000 $500,000 2013 Avg

2014 Avg

Successfully Marketed 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 Briggsgarden 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 Sold For $2,240,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Aegina, Greece 6BR/4.5B 3,659 SqFt $2,322,454 Greece Sotheby’s International Realty

Bradenton, Florida 4BR/3.5B 4,944SqFt $2,249,000 Premier Sotheby’s International Realty 11

New Orleans, Louisiana 5BR/4.5B 7,609 SqFt $2,195,000 Dorian Bennett Sotheby’s International Realty

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 1,150

86

90

1,109

80

1,100

70 1,040

1,050

79

67

Days on Market

67

60

Cumulative Days on Market

50

1,000

40 2013 Total

2013 Avg

2014 Total

2014 Avg

Average Sale Price $400,000

Sold Price Per Sqft $250

$365,781 $350,000

$200

$346,977

$158

$167

$150 $300,000 2013 Avg

2014 Avg

$100 2013 Avg

2014 Avg

List Prices versus Sold Prices $500,000 $478,359

$480,000 $460,000 $440,000

$455,494

$469,364 $457,226

$450,947

Original List Price Final List Price

$433,722

Sold Price

$420,000 $400,000 2013 Avg

2014 Avg

On the Market Featured Property

Built in 1903, this ‘’Old Village’’ historic and treasured home enjoys a seascape of marsh and overlooks the dock and shrimp boats on Shem Creek. Located on the corner of Live Oak Drive and Bennett Street, this sought-afterlocation features a large and private yard, perfect for outdoor activities and animal lovers. Surrounded by a picket fence, this red tin roof house has a welcoming front porch, beautiful pine hardwood floors throughout, two fireplaces, and a back deck capturing the sea breezes. Less than fifteen minutes from downtown Charleston and the beach on Sullivan’s Island, this charming cottage is ideal for those drawn to one of the finest neighborhoods in all of Charleston.

204 Live Oak Drive 3BR/2.5B | 1,495 SqFt $899,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Boerne, Texas 3BR/3.5B 3,847 SqFt $1,000,000 Kuper Sotheby’s International Realty

Rockmart, Georgia 4BR/3.5B 2,085 SqFt $875,500 Atlanta Fine Homes Sotheby’s International Realty 13

Encinitas, California 3BR/2B 1,948 SqFt $830,000 Pacific 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 45

300 42 39

40

243

250 200

238 Days on Market

168

159

Cumulative Days on Market

150 35

100 2013 Total

2014 Total

2013 Avg

Average Sale Price $2,000,000

2014 Avg

Sold Price Per Sqft $550

$1,630,050 $1,383,023

$1,500,000

$518

$500 $452

$1,000,000

$450

$500,000 2013 Avg

2014 Avg

$400 2013 Avg

2014 Avg

List Prices versus Sold Prices $2,050,000 $1,850,000 $1,650,000

$1,852,301 $1,775,264 $1,630,050

$1,450,000

$1,551,767 $1,484,803 $1,383,023

Original List Price Final List Price Sold Price

$1,250,000 $1,050,000 $850,000 2013 Avg

2014 Avg

On the Market Featured Property

this is a rare opportunity to purchase one of the area’s most premier and substantial oceanfront homes. Three years went into lot selection alone – as it is the prime street in the heart of the island, only steps away from the local scene and yet on a quiet section of the beach. Those who prefer discretion will appreciate that the property is very private and the appearance from the street is somewhat unassuming- the least of which can be said for the rest of the home. No expense was spared and every detail was considered in creating this elegant and sophisticated island retreat. The interior is absolutely stunning and the expansive views are a focal point from nearly every room. The indoor / outdoor flow and layout is ideal for grand entertaining and island living alike. For the buyer who has been patiently searching for something rare and unique from which to experience the best of Charleston and Sullivans, this property will captivate you.

4BR/4+B | 3,900 SqFt $6,490,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Naples, Florida 5BR/5B 7,059 SqFt $7,800,000 Premier Sotheby’s International Realty

Mont-Tremblant, Quebec 5BR/5+B 15,730 SqFt $7,687,022 Sotheby’s International Realty Quebec 15

Berlin, Germany 8BR/5B 5,248 SqFt $6,050,605 Berlin Sotheby’s International Realty

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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 110

250

107

200

101 100

236 199 162

Days on Market

123

150

Cumulative Days on Market

100 50

90 2013 Total

2014 Total

2013 Avg

Average Sale Price $2,000,000

$1,621,016

$1,503,956 $1,500,000

2014 Avg

Sold Price Per Sqft $550

$495

$500

$517

$450 $400

$1,000,000

$350 $500,000 2013 Avg

2014 Avg

$300 2013 Avg

2014 Avg

List Prices versus Sold Prices $2,000,000 $1,750,000

$1,704,190

$1,629,448 $1,503,956

$1,743,938 $1,724,608 $1,621,016 Original List Price

$1,500,000

Final List Price

$1,250,000

Sold Price

$1,000,000 $750,000 2013 Avg

2014 Avg

On the Market Featured Property

In the heart of Charleston’s historic district, just steps from the harbor and Waterfront Park, this 2,400 sq. ft. 4BR, 2.5 Bath residence, faces “Rainbow Row,” a picturesque line of 18th and 19th century homes directly across the street.

There are 3 floors of living space, a rear walled courtyard garden and a roof top deck with panoramic views of the harbor. On the 1st floor, you enter from the street into a foyer with a very large living room/dining room space. On the opposite end is the entry to the renovated kitchen with granite countertops, bird’s eye maple cabinetry and high-end appliances. From the kitchen you can access the one-car garage. On the second floor there is a large master suite with a luxurious marble tiled master bath. On the 3rd floor, there are two bedrooms and a shared bathroom, plus the stairway to the roof-top deck. This home is has been thoughtfully designed to make the most efficient use of the space and light.

96 East Bay Street 4BR/2.5B | 2,440 SqFt $1,295,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Johannesburg, South Africa 5BR/4.5B 42,678 SqFt $1,464,338 Lew Geffen Sotheby’s International Realty

Sarasota, Florida 4BR/4B 5,456 SqFt $1,299,000 Premier Sotheby’s International Realty 19

Coeur d’Alene, Idaho 3BR/3.5B 3,737 SqFt $1,250,000 Tomlinson 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 75

250

71

195

70 65

59

60

150

142

169 139

Days on Market Cumulative Days on Market

55 50

50 2013 Total

2014 Total

2013 Avg

Average Sale Price $700,000

2014 Avg

Sold Price Per Sqft $350

$656,361 $627,238

$650,000

$250

$550,000

$200 2013 Avg

2014 Avg

$335

$300

$600,000

$500,000

$317

$150 2013 Avg

2014 Avg

List Prices versus Sold Prices $800,000 $737,501 $690,595 $700,000

$656,361

$672,090 $657,608

Original List Price $627,238

Final List Price Sold Price

$600,000

$500,000 2013 Avg

2014 Avg

Successfully Marketed Featured Property

This 3 bedroom 2 1/2 bath frame home provides a comfortable and light filled floor plan with views of the Ashley River and the City Marina. On the first floor you will find 10ft smooth ceilings and a well designed chef ’s kitchen, consisting of a professional grade Viking Gas Range, custom cabinetry with surface halogen lighting underneath, granite counter tops with a tumbled limestone backsplash and a kitchen island with seating. Openly located next to the kitchen is a large casual living room with coffered ceilings, built ins, gas fireplace with a limestone surround and a media center which is perfect for relaxing and enjoying a game or movie. The second floor has 2 spacious guest rooms with vaulted 9.5ft ceilings that share a tile and marble bathroom with a shower. The master bedroom is very well proportioned and easily accommodates a king size bed. It has a walk in closet and custom made window treatments and cathedral ceiling.

23 Harleston Place 3BR/2.5B | 1,886 SqFt Sold for $945,000 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 21

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 29

30

400 350

26 25

334 347

Days on Market

300

268 239

250

Cumulative Days on Market

200

20 2013 Total

2014 Total

2013 Avg

Average Sale Price $1,250,000 $1,000,000

$1,110,507

2014 Avg

Sold Price Per Sqft $600 $588

$884,985

$580

$580 $750,000 $500,000 2013 Avg

2014 Avg

$560 2013 Avg

2014 Avg

List Prices versus Sold Prices $1,300,000 $1,100,000 $900,000

$1,208,921 $1,182,612 $1,017,813

$1,110,507 $947,310

Original List Price

$884,985

Final List Price Sold Price

$700,000 $500,000 2013 Avg

2014 Avg

Featured Ad - Oasis Luxury Homes, December 2014 Significant Sales

Proven Results. Trusted Marketing. Trusted Agents Lot 16 Waring Creek Drive • Flounder Lake • Meggett

1982 Sandy Point Lane • Rivertowne

55 EAST BAY STREET • SOUTH OF BROAD 5B/4.5b | 7,100 SqFt | $2,900,000 Sold by Bob Rymer

345 SURFSONG ROAD • KIAWAH ISLAND 8B/9.5b | 5,481 SqFt | $5,800,000 Listed by H. Middleton Rutledge

23 LEGARE STREET • SOUTH OF BROAD 5B/3.5b | 6,155 SqFt | $3,500,000 Listed by H. Middleton Rutledge

204 Live Oak Drive • Old Village

330 Moon Tide Lane • Kiawah Island

1168 Pilot Boy • Martins Point

36 MEETING STREET • SOUTH OF BROAD 4B/3.5b | 5,610 SqFt | $2,150,000 Sold by Joanie Lucas

11 CHURCH STREET • SOUTH OF BROAD 6B/5+b | 6,000 SqFt | $3,000,000 Listed by Beth McCrabb

THIS IS OUR WORLD.

Significant Sales 429 RALSTON CREEK • DANIEL ISLAND 1 Acre | $2,500,000 Sold by Andrew Robertson

5 LOGAN STREET • SOUTH OF BROAD 5B/4.5b | 4,475 SqFt | $2,495,000 Sold by Dan Ravenel 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...

32 PRIOLEAU STREET, M • FRENCH QUARTER 2B/2.5b | 2,583 SqFt | $2,100,000 Listed by Casey Murphey

23 ELLIOTT STREET • SOUTH OF BROAD 4B/4.5b | 3,700 SqFt | $2,550,000 Sold by Anne Edson

Proven Results. Trusted Marketing. Trusted Agents

33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com

33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com

Lot 16 Waring Creek Drive • Flounder Lake • Meggett

Each Office is Independently Owned and Operated. Equal Housing Opportunity. Equal Opportunity Company.

1982 Sandy Point Lane • Rivertowne

55 EAST BAY STREET • SOUTH OF BROAD 5B/4.5b | 7,100 SqFt | $2,900,000 Sold by Bob Rymer

345 SURFSONG ROAD • KIAWAH ISLAND 8B/9.5b | 5,481 SqFt | $5,800,000 Listed by H. Middleton Rutledge

23 LEGARE STREET • SOUTH OF BROAD 5B/3.5b | 6,155 SqFt | $3,500,000 Listed by H. Middleton Rutledge

204 Live Oak Drive • Old Village

330 Moon Tide Lane • Kiawah Island

1168 Pilot Boy • Martins Point

36 MEETING STREET • SOUTH OF BROAD 4B/3.5b | 5,610 SqFt | $2,150,000 Sold by Joanie Lucas

11 CHURCH STREET • SOUTH OF BROAD 6B/5+b | 6,000 SqFt | $3,000,000 Listed by Beth McCrabb

5 LOGAN STREET • SOUTH OF BROAD 5B/4.5b | 4,475 SqFt | $2,495,000 Sold by Dan Ravenel

THIS IS OUR WORLD.

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...

429 RALSTON CREEK • DANIEL ISLAND 1 Acre | $2,500,000 Sold by Andrew Robertson

32 PRIOLEAU STREET, M • FRENCH QUARTER 2B/2.5b | 2,583 SqFt | $2,100,000 Listed by Casey Murphey

Each Office is Independently Owned and Operated. Equal Housing Opportunity. Equal Opportunity Company.

23 ELLIOTT STREET • SOUTH OF BROAD 4B/4.5b | 3,700 SqFt | $2,550,000 Sold by Anne Edson

23

33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com

33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com

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 29

30

300 210

23

200

20

182 122

115

100

Cumula<ve Days on Market

0

10 2013 Total

2014 Total

2013 Avg

Average Sale Price $1,000,000

$965,613

$895,123

Days on Market

2014 Avg

Sold Price Per Sqft $450

$433 $406

$750,000

$400

$500,000 2013 Avg

2014 Avg

$350 2013 Avg

2014 Avg

List Prices versus Sold Prices $1,150,000 $1,041,927 $955,757 $950,000

$1,021,923 $985,381 $965,613

Original List Price Final List Price

$895,123

Sold Price

$750,000 2013 Avg

2014 Avg

Successfully Marketed Featured Property

Located within Historic Ansonborough Neighborhood, the 12 George Street townhouses are within convenient walking distance to King Street shopping, fine restaurants, a grocery store, hardware store and drug stores. The world-class performing hall, Gaillard Center, is a half block away. Marion Square- a green area that is home to the Farmers Market and annual events including Southeastern Wildlife and Wine and Food Festival- is a short walk as well. Unit B3 has recently been nicely renovated with handsome fixtures and features.

12 George Street, B3 2BR/2B | 1,024 SqFt Sold for $575,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Rosalyn Heights, New York 4BR/2B 1,325 SqFt $568,000 Daniel Gale Sotheby’s International Realty

Lisboa, Portugal 4BR/2B 2,206 SqFt $568,390 Portugal Sotheby’s International Realty 25

Wilmington, Vermont 4BR/3B 2,656 SqFt $545,000 Vermont Country Properties 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 40

150

38

100 35

33

96

115 62

77

50

Days on Market Cumulative Days on Market

0

30 2013 Total

2014 Total

2013 Avg

2014 Avg

Average Sale Price $550,000

$523,236

Sold Price Per Sqft $400

$429,576

$450,000

$300

$295

$257

$200 $350,000 2013 Avg

2014 Avg

$100 2013 Avg

2014 Avg

List Prices versus Sold Prices $600,000 $560,380 $558,119 $523,236

Original List Price

$500,000

Final List Price

$453,499

Sold Price

$441,634 $429,576 $400,000 2013 Avg

2014 Avg

Successfully Marketed 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

Worldwide Growth

The Sotheby’s International Realty network currently boasts approximately 730 offices in 56 countries and territories worldwide. The brand welcomed Poland Sotheby’s International Realty in Warsaw to the network in November 2014.

27

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 35

400 30

30

300 26

259

294 Days on Market

200

25

100

100

129 Cumulative Days on Market

0

20 2013 Total

2014 Total

2013 Avg

2014 Avg

Average Sale Price $400,000

Sold Price Per Sqft $300

$326,315

$304,972 $300,000

$220

$214

2013 Avg

2014 Avg

$200

$200,000 2013 Avg

2014 Avg

$100

List Prices versus Sold Prices $450,000 $400,000 $358,891 $350,000

$320,690

$343,512

$326,315

$304,972

Final List Price Sold Price

$300,000 $250,000 2013 Avg

Original List Price

$343,347

2014 Avg

DRSIR in the News - Post & Courier December 31

29

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 100

100

92

80

90

51

60

78

80

89 77 55

Cumulative Days on Market

40

70

Days on Market

20 2013 Total

2014 Total

2013 Avg

2014 Avg

Average Sale Price $450,000

Sold Price Per Sqft $250 $190

$382,426 $350,000

$317,950

$216

$150

$250,000 2013 Avg

$50

2014 Avg

2013 Avg

2014 Avg

List Prices versus Sold Prices $650,000

$450,000

$331,980 $346,612 $317,950

$395,260

$388,427 $382,426

Original List Price Final List Price Sold Price

$250,000

$50,000 2013 Avg

2014 Avg

Sotheby’s Auction News Historic Mellon Auctions Total $218 Million

BY SOTHEBY’S | 24 NOV 2014

NEW YORK - The third and final of Sotheby’s auctions of Property from the Collection of Mrs. Paul Mellon brought the series total to an outstanding $218.1 million.

The three-day Interiors auction – offering fine art, furniture, porcelain, silver, glassware, decoration and more from Mrs. Mellon’s residences in the United States and abroad – finished the series, more than doubling expectations to achieve $14.3 million.

In total an exceptional 98.1% of lots from Mrs. Paul Mellon’s collection found buyers, helping the sale series more than double its $100 million presale estimate. Proceeds from the sales will benefit The Gerard B. Lambert Foundation, a charitable entity established by Mrs. Mellon in memory of her father.

The Foundation supports horticultural and educational endeavors.

The first auction of Property from the Collection of Mrs. Paul Mellon – Masterworks – was held on 10 November and achieved $158.7 million. The auction was led by two paintings by Mark Rothko that both exceeded expectations: Untitled from 1970, which achieved $39,925,000 (est. $15/20 million), and Untitled (Yellow, Orange, Yellow, Light Orange) from 1955, which fetched $36,565,000 (est. $20/30 million). Both works had remained in the Mellons’ collection for more than four decades.

Collectors eagerly vied for Jewelry and Objects of Vertu from Mrs. Mellon’s collection on 20 and 21 November, including the Magnificent and Rare Fancy Vivid Blue Diamond which set a new record price for both any blue diamond and for price-per-carat, when it sold for $32.6 million.

31

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 20 14

15

400

15

275

300

10

200

5

100

313 Days on Market

97

97

Cumulative Days on Market

0

0 2013 Total

2013 Avg

2014 Total

2014 Avg

Average Sale Price $1,000,000

$771,688

$800,000 $600,000

Sold Price Per Sqft $400 $298

$300 $460,484

$201 $200

$400,000 $200,000 2013 Avg

2014 Avg

$100 2013 Avg

2014 Avg

List Prices versus Sold Prices $1,000,000 $825,508

$811,550 $771,688

$800,000 $600,000

Original List Price

$487,906 $481,844 $460,484

Final List Price

$400,000

Sold Price

$200,000 $2013 Avg

2014 Avg

On the Market Featured Property

With a great location near Starbucks, County Library and Upper King Street as well as C of C and MUSC and a great price this lovely duplex is a 1837 Freedman’s cottage with one bedroom or two in each unit. Just north of Calhoun, next to the Charleston County Library.

67 Alexander Street 4BR/2B | 1,446 SqFt $450,000 Daniel Ravenel Sotheby’s International Realty

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Springfield, Vermont 3BR/3B 2,550 SqFt $519,000 Vermont Country Properties Sotheby’s International Realty

La Quinta, California 0.24 Acres $495,000 HOM Sotheby’s International Realty

33

Koloa, Hawaii 2BR/2B 1,028 SqFt $475,000 Sleeping Giant Sotheby’s International Realty

Featured Lifestyle- Green Living

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Discover the Indigo Park Difference in Kiawah's newest eco-friendly development built by one of Kiawah's most reputable builders Royal Indigo Construction. Centrally located in the heart of Kiawah Island, Indigo Park consists of 16 new construction LEED certified homes with marsh views and a lovely community park. With 4 models to choose from, ranging in size from 2 to 5 bedrooms, there is something for everyone at Indigo Park. Each home has been painstakingly designed and constructed, using the most sustainable building materials and earth friendly building practices that allow owners to live comfortably and in harmony with nature with minimal impact on the environment. Highlights of these remarkable homes include an elevator, French white oak floors, an outdoor deck with dipping pool, and indoor and outdoor fireplaces, and separate guest house. All homes feature high-end fixtures, Energy Star appliances, and the most luxurious master suites with spa-like baths and marsh views. If you are looking for a high quality, turnkey property with minimal maintenance and minimal impact on the environment, don’t miss this opportunity to live your dream luxury lifestyle responsibly!

For more information, contact: H. Middleton Rutledge 843.345.9137 | MRutledge@DanielRavenelSIR.com

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Indigo Park is the Vision of Candace Dyal, president of Dyal Compass LLC, whose mission is to invest in and develop real estate products that focus on conservation and a healthier environment. Candace has teamed up with Christopher Rose Architects and Royal Indigo Construction to fulfill what she calls "a concept that's important to everyone on the team; to build with a conscience." With this aspirational vision met, Indigo Park would be the first community in a luxury resort of entirely LEED Certified homes.

NuCedar exterior shingles need no painting or staining. Hurricane-resistant windows and doors, along with Energy Star appliances, mean less maintenance and more savings on utilities. Integrated geothermal systems are not only quiet and environmentally friendly, but also contribute to the energy efficiency of these homes. In addition, every garage is equipped with a 220-watt outlet to charge an electric car.The goal of these amenities?

Let homeowners enjoy a beautiful home without time-consuming maintenance and costly overhead.

One of the best locations on Kiawah, Indigo Park is only steps away from Rhett’s Bluff boat landing, The River Course golf course, and all the associated amenities including the River Course Club House and the Sasanqua Spa. This is the perfect location to bike to the rest of the island's amenities as well! New homeowners in Indigo Park will have the option to purchase an exclusive Kiawah Island Club membership at any level - Golf, Sports, or Social.

3333 B Broad road SStreet tree Charleston, SSC C 229401 940 Charleston, 8843.723.7150 43.723.715 D anielRavenelSIR com DanielRavenelSIR.com

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33 Broad Street Charleston, SC 29401 O: 843.723.7150 | 843.723.7494

Daniel Ravenel Sothebyâ&#x20AC;&#x2122;s International Realty 33 Broad Street Charleston, SC 29401 O: 843.723.7150 | F: 843.723.7494 www.DanielRavenelSIR.com