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MARKET UPDATE Q3 2014

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Page 1: Quarter 3 2014 Market Update

Market UpdateQ3 2014

Page 2: Quarter 3 2014 Market Update

z

Page 3: Quarter 3 2014 Market Update

the Market in downtown Charleston

Page 4: Quarter 3 2014 Market Update

31

25

10

20

30

40

Q3  2013   Q3  2014  

Total  Sales  

$1,253,887

$1,531,620

$500,000

$1,000,000

$1,500,000

$2,000,000

Q3  2013   Q3  2014  

Average  Sale  Price  

$443

$500

$300

$350

$400

$450

$500

$550

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

125 129 133

228

50

100

150

200

250

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$1,349,658

$1,677,580

$1,380,387

$1,620,040

$1,253,887

$1,531,620

$750,000

$1,000,000

$1,250,000

$1,500,000

$1,750,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

South of BroadMarket 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 in-cluding 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.

Page 5: Quarter 3 2014 Market Update

Sold in Q3Featured Property

Listings Around the World in this Price Range

Nantucket, Massachusetts4BR/3.5B

2,612 SqFt$2,975,000

Maury PeopleSotheby’s International Realty

Los Angeles, California5BR/3B

3,080 SqFt $2,795,000

Sotheby’s International RealtyBeverly Hills Brokerage

Ile-De-France, France4BR/2B

1,905 SqFt $2,792,535Paris Oest

Sotheby’s International Realty

4

11 Church, circa 1790, is located on one of Charleston’s most sought-after addresses, below the bend on lower Church Street. South of Broad and just steps from the Battery this exquisite four story residence has been com-pletely restored and redesigned. Fine dining, art galleries, designer boutiques and antique shopping on King Street

are just a leisurely stroll away. The floor plan of this gracious 6000 sq. ft. home includes six bedrooms, five full baths, two powder rooms, six fireplaces, formal and family living areas, formal dining room, professional grade eat-in

kitchen, library, mud room, study and a gym/playroom. Highlighted with luxurious finishes, dramatic ceiling heights, beautifully finished heart of pine floors and light filled rooms; it is a welcome canvas for today’s modern family. The outdoor living spaces are equally inviting. Double piazzas, brick and bluestone courtyards, lush landscaping and a

reflecting pool provide perfect settings for entertaining. A secret garden, tucked in the rear corner of the property and surrounded by ancient brick walls of the neighboring Huguenot house, is the epitome of Charleston charm.

11 Church Street6BR/5+B | 6,000 SqFtSold for $3,000,000

Daniel Ravenel Sotheby’s International Realty

Page 6: Quarter 3 2014 Market Update

19

27

10

15

20

25

30

Q2  2013   Q2  2014  

Total  Sales  

$669,224 $648,380

$550,000

$600,000

$650,000

$700,000

Q2  2013   Q2  2014  

Average  Sale  Price  

$318 $313

$290

$310

$330

$350

Q2  2013   Q2  2014  

Sold  Price  Per  Sqft  

167

122

191 192

50

150

250

Q2  2013   Q2  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$743,584

$667,478

$707,721 $680,780

$669,224 $648,380

$500,000

$600,000

$700,000

$800,000

Q2  2013   Q2  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

Harleston VillageMarket 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 neigh-borhoods, Harleston Village is minutes from The Battery and home to Colonial Lake, Cannon Park, Moultrie Park, and the City Marina.

Page 7: Quarter 3 2014 Market Update

Under ContractFeatured 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 treat-

ments and cathedral ceiling. 23 Harleston Place

3BR/2.5B | 1,886 SqFt$975,000

Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Houston, Texas5BR/4+B5,804 SqFt$1,000,000

Martha TurnerSotheby’s International Realty

Pelham, New York4BR/3.5B

2,783 SqFt $925,000McClellan

Sotheby’s International Realty

Miami, Florida4BR/3.5B

2,871 SqFt $950,000

ONESotheby’s International Realty

6

Page 8: Quarter 3 2014 Market Update

6

4

0

5

10

Q3  2013   Q3  2014  

Total  Sales  

$580,083

$1,005,625

$500,000

$750,000

$1,000,000

$1,250,000

Q3  2013   Q3  2014  

Average  Sale  Price  

$576

$595

$560

$580

$600

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

343

90

343

90

0

100

200

300

400

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$621,317

$1,050,000

$608,500

$1,047,500

$580,083

$1,005,625

$500,000

$700,000

$900,000

$1,100,000

$1,300,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

French Quarter Market Facts

The French Quarter is well known in downtown Charleston for its cobblestone streets, lovely alleys and unique historical homes. Orig-inally 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.

Page 9: Quarter 3 2014 Market Update

8

Featured Ad - Charleston Mercury, September 2014

TANGLEWOOD PLANTATION • LYNCHBURG

6B, 5.5b | 5,500 sqft | 23+ Acres | $875,000Offered by Chasen McCall

POPLAR SPRINGS ESTATE • WESTMINSTER

8B, 10.5b | 16,000 sqft | 158 acres | $8,000,000Offered by Chasen McCall

330 MOON TIDE LANE • KIAWAH ISLAND

1.09 Acres | $930,000Offered by Georgia Nettles & Jimi Craddock

INDIGO PARK | KIAWAH ISLAND

5B, 5.5b | 3,568 sqft | $2,585,000Offered by H. Middleton Rutledge

BRICKHOUSE PLANTATION • JOHNS ISLAND

220 Acres | $3,995,000Offered by H. Middleton Rutledge

5434 CHAPLINS LANDING ROAD • HOLLYWOOD

5B, 5.5b | 5,248 sqft | 29+ Acres | $3,550,000Offered by Dan Ravenel

RENAISSANCE FARMS • RIDGEVILLE

4B, 4.5b | 5,600 sqft | 232 Acres | $3,750,000Offered by Dan Ravenel

33 Broad StreetCharleston, SC 29401

843.723.7150DanielRavenelSIR.com

1168 PILOT BOY • WADMALAW

3B, 3.5b | 4,872 sqft | $2,395,000Offered by Dan Ravenel

ACORN FARM • CAMDEN

5B, 5+b | 10,000 sqft | 341 AcresOffered by Dan Ravenel

October Mag_Layout 1 9/19/14 1:25 PM Page 1

Page 10: Quarter 3 2014 Market Update

9

5

0

5

10

Q3  2013   Q3  2014  

Total  Sales  

$826,556

$1,141,400

$500,000

$750,000

$1,000,000

$1,250,000

Q3  2013   Q3  2014  

Average  Sale  Price  

$424 $433

$400

$420

$440

$460

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

179   156  201  

351  

75

175

275

375

Q3  2013   Q3  2014  

Days  On  Market  

 Days  on  Market  

 Cumula;ve  Days  on  Market  

$983,333

$1,215,800

$896,778

$1,166,800

 $826,556    

 $1,141,400    

$750,000

$950,000

$1,150,000

$1,350,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

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.

Page 11: Quarter 3 2014 Market Update

Under Contract in 3 Days

Listings Around the World in this Price Range

10

Featured Property

Enjoy the breezes from the double-tiered piazza at this meticulously maintained solid brick 1840 Charleston single home! In addition to the living room and dining room on the first floor, there is a half bath and an eat-in kitchen with beamed ceilings and a large window overlooking the backyard. The second floor includes the master suite and a separate front sitting room that can be a second bedroom. Two dormer rooms and a full bath are on the third floor. The bottom floor is accessible from the interior of the house and is a guest suite. This home is in Ansonborough- a small historic neighborhood on Charleston’s peninsula within a comfortable walking distance to fine dining, shopping,

grocery stores and events.

41 Society Street2BR/2.5B | 2,568 SqFt

$1,240,000Daniel Ravenel Sotheby’s International Realty

Big Sky, Montana3BR/4.5B

2,560 SqFt$1,500,000

Big SkySotheby’s International Realty

Western Cape, South Africa4BR/4B

4,305 SqFt $1346,095Lew Geffen

Sotheby’s International Realty

Rio Grande, Puerto Rico4BR/4+B

4,221 SqFt $1,475,000Puerto Rico

Sotheby’s International Realty

Page 12: Quarter 3 2014 Market Update

5

10

0

5

10

15

Q3  2013   Q3  2014  

Total  Sales  

$582,000

$469,135

$400,000

$500,000

$600,000

Q3  2013   Q3  2014  

Average  Sale  Price  

$323 $283

$100

$200

$300

$400

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

82

53

82 107

0

50

100

150

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$608,400

$498,550

$603,600

$494,200

$582,000

$469,135

$250,000

$350,000

$450,000

$550,000

$650,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

Radcliffeborough Market Facts

Radcliffeborough is an area north of Harleston Village and offers some of the hippest new restaurants and bars located on Up-per King Street. St Phillip Street is the main hub of the College of Charleston, with its 10,000 undergrad students.

Page 13: Quarter 3 2014 Market Update

12

Featured Ad - Charleston Mercury, August 2014

33 Broad Street

Charleston, SC 29401843.723.7150

DanielRavenelSIR.com

THIS IS OURWORLD.

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...

Poplar Springs Estate • Westminster

9 Legare Street • South of Broad

330 Moon Tide Lane • Kiawah Island

4 Greenhill Street • South of Broad

1168 Pilot Boy • Martins Point

August_Layout 1 6/17/14 4:59 PM Page 1

Page 14: Quarter 3 2014 Market Update

14

11

0

5

10

15

Q3  2013   Q3  2014  

Total  Sales  

$297,929

$373,774

$200,000

$300,000

$400,000

Q3  2013   Q3  2014  

Average  Sale  Price  

$223 $235

$100

$200

$300

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

113

206

121

252

0

100

200

300

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$327,179

$392,664

$322,536

$390,573

$297,929

$373,774

$250,000

$300,000

$350,000

$400,000

$450,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

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.

Page 15: Quarter 3 2014 Market Update

Labor Day Weekend Kiawah Event - Indigo Park Open Houses

14

Page 16: Quarter 3 2014 Market Update

26 27

20

25

30

Q3  2013   Q3  2014  

Total  Sales  

$371,615 $385,683

$250,000

$350,000

$450,000

Q3  2013   Q3  2014  

Average  Sale  Price  

$204 $226

$50

$150

$250

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

77

40

95

43

25

45

65

85

105

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$398,894 $392,482 $384,190 $391,548

$371,615 $385,683

$50,000

$250,000

$450,000

$650,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

Wagener Terrace & Hampton ParkMarket Facts

Wagener Terrace is a suburban area with marsh views and numer-ous 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.

Page 17: Quarter 3 2014 Market Update

Under ContractFeatured 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 $154,900Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Sea Ranch, California.5 Acres$110,000

Sotheby’s International RealtyWine Country Broadway Brokerage

Knoxville, Tennessee.42 Acres$159,000Alliance

Sotheby’s International Realty

La Pine, Oregon10 Acres $110,000Cascade

Sotheby’s International Realty

16

Page 18: Quarter 3 2014 Market Update

8

3

0

5

10

Q3  2013   Q3  2014  

Total  Sales  

$639,188

$745,667

$500,000

$600,000

$700,000

$800,000

Q3  2013   Q3  2014  

Average  Sale  Price  

$305 $295

$100

$200

$300

$400

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

25

80

25

176

0

100

200

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$656,125

$765,333

$652,375

$765,333

$639,188

$745,667

$450,000

$650,000

$850,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

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.

Page 19: Quarter 3 2014 Market Update

18

Charleston agency takes part in luxury real estate conferenceLocal agency Daniel Ravenel Sotheby’s International Realty brought Lowcountry expertise to a global conference while networking with agents worldwide.

The Realtor firm took part in the 2014 Sotheby’s International Realty Global Networking Event. According to Daniel Ravenel Sotheby’s, the show brought together 1,500 people from 31 countries and territories worldwide.

The three-day event Sept. 8-10 at the Fontainebleau Miami Beach in Florida permits hundreds of agents world-wide to chat up and “share best practices with their colleagues from all over the world,” according to the agency.

“The global networking event provides a great value to our firm,” says Dan Ravenel, owner and broker-in-charge.

“It offered the opportunity to network with some of the world’s most talented real estate professionals, generate valuable referral business and learn more about the industry and the Sotheby’s International Realty brand’s vision for the future,” he says.

“Together, our brand is making statements globally, and this conference is proof that we are the voice of luxury real estate worldwide,” Ravenel says.

The Daniel Ravenel agency offers “exclusive” Sotheby’s International Realty marketing, advertising and referral ser-vices, it says. The services are “designed to attract well-qualified buyers to the firm’s property listings.”

Also, the firm and clients benefit from a tie-in with Sotheby’s auction house, which promotes real estate referrals with its clientele.

Furthermore, the Charleston affiliate can refer its real estate customers to Sotheby’s auction house for “jewelry, art, unique furniture and collectible appraisal services.”

Property listings from Daniel Ravenel Sotheby’s International Realty are pitched on the sothebysrealty.com global website and the local DanielRavenelSIR.com connection.

The brand also provides specialized “lifestyle” websites featuring farm and ranch, historic, waterfront and golf prop-erties at FarmandRanchSIR.com, HistoricPropertySIR.com, WaterfrontPropertySIR.com and GolfPropertySIR.com.

“Our annual Global Networking Event brings together members from all over the world with the common goal of sharing their experiences and market insights,” says Philip White, president and chief executive of Sotheby’s Inter-national Realty Affiliates LLC.

“This year’s conference provided our record number of attendees with an overview of the brand’s strategic vision for next year and beyond, from our marketing efforts to our global expansion and record-breaking sales,” he says.

The Sotheby’s International Realty network claims 15,000 independent sales associates in 720 offices worldwide. All independently owned and operated, the real estate centers are in 52 countries and territories.

Founded more than 30 years ago, Daniel Ravenel Sotheby’s International Realty has closed more than $1.5 billion in real estate sales during that time.

The agency, which joined Sotheby’s International Realty in 2007, says it “has taken its local market expertise and expanded into the international arena.” Daniel Ravenel SIR says it has forged “a close partnership with the Sothe-by’s Auction House and a powerful referral network worldwide.”

The agency, headquartered at 33 Broad St., can be reached at www.DanielRavenelSIR.com.

For more information, contact sales and marketing director Ruthie Ravenel at 843-723-7150.

In the News - Post & Courier, September 27, 2014

Page 20: Quarter 3 2014 Market Update

Destination: Charleston

Page 21: Quarter 3 2014 Market Update

the Market in the Charleston area

Page 22: Quarter 3 2014 Market Update

130

114

100

120

140

Q3  2013   Q3  2014  

Total  Sales  

$296,734

$324,602

$150,000

$225,000

$300,000

$375,000

Q3  2013   Q3  2014  

Average  Sale  Price  

$142

$152

$130

$140

$150

$160

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

76 92

109

159

0

50

100

150

200

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$299,346

$341,001

$304,478

$333,141

$296,734

$324,602

$280,000

$300,000

$320,000

$340,000

$360,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

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 traditional-ly a planting community for early settlers of Charlestowne.

Page 23: Quarter 3 2014 Market Update

On the MarketFeatured Property

This is fantastic opportunity to own a 93 acre recreational hunting tract 20 minutes from downtown Charleston and 15 minutes from Kiawah Island. This interior Johns Island tract has an abundance of turkeys, deer and ducks. The local owners have made significant improvements to this property over the last several years which consists of an 8 acre upland impoundment for ducks, a dove field, a beautiful live oak avenue, a 5.4 acre pond and custom built deer stands. There is a beautiful homesite area adjacent to the centrally located pond and tucked away beneath a gor-geous stand of live oaks and other hardwoods. For sporting enthusiasts, who want a private hunting preserve very

close to Charleston and Kiawah, this is a great chance to own a little piece of paradise on Johns Island!

The Farms at Brickhouse Plantation220 +/- Acres$3,995,000

Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Daniel, Wyoming703 Acres$3,850,000

Jackson HoleSotheby’s International Realty

Galena, Maryland339 Acres$3,495,000

Brandywine Fine PropertiesSotheby’s International Realty

Mora, New Mexico496 Acres

$3,800,000Sotheby’s International Realty

Santa Fe

22

Page 24: Quarter 3 2014 Market Update

231

262

150

200

250

300

Q3  2013   Q3  2014  

Total  Sales  

$285,414

$285,516

$150,000

$250,000

$350,000

Q3  2013   Q3  2014  

Average  Sale  Price  

$148 $148

$50

$100

$150

$200

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

75

53

86 81

25

45

65

85

105

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$303,524

$293,198 $296,290 $292,459

$285,414 $285,516

$250,000

$260,000

$270,000

$280,000

$290,000

$300,000

$310,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

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 explor-ing James Island, one will find numerous gems with deep water docks, along with moderately sized homes framed by ancient oaks and magnolia trees.

Page 25: Quarter 3 2014 Market Update

Featured Ad

Oasis, September 2014

24

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 | [email protected]

e New Standard in Environmentally Responsible Luxury…

Issue 5_IndigoParkSpread_OasisDoublePageSpread 8/11/14 9:18 AM Page 1

33 Broad Street

Charleston, SC 29401843.723.7150

DanielRavenelSIR.com

...e Vision ...e Location...e Difference

Indigo Park is the Vision of Candace Dyal,president of Dyal Compass LLC, whosemission is to invest in and develop realestate products that focus on conservationand a healthier environment. Candace hasteamed up with Christopher RoseArchitects and Royal Indigo Constructionto fulfill what she calls "a concept that'simportant to everyone on the team; tobuild with a conscience." With thisaspirational vision met, Indigo Park wouldbe the first community in a luxury resortof entirely LEED Certified homes.

One of the best locations on Kiawah,Indigo Park is only steps away from Rhett’sBluff boat landing, The River Course golfcourse, and all the associated amenitiesincluding the River Course Club Houseand the Sasanqua Spa. This is the perfectlocation to bike to the rest of the island'samenities as well! New homeowners inIndigo Park will have the option topurchase an exclusive Kiawah Island Clubmembership at any level - Golf, Sports, orSocial.

NuCedar exterior shingles need nopainting or staining. Hurricane-resistantwindows and doors, along with Energy Starappliances, mean less maintenance andmore savings on utilities. Integratedgeothermal systems are not only quiet andenvironmentally friendly, but alsocontribute to the energy efficiency of thesehomes. In addition, every garage isequipped with a 220-watt outlet to chargean electric car. The goal of these amenities?Let homeowners enjoy a beautiful homewithout time-consuming maintenance andcostly overhead.

Issue 5_IndigoParkSpread_OasisDoublePageSpread 8/11/14 9:18 AM Page 2

Page 26: Quarter 3 2014 Market Update

131 150

50

100

150

200

Q3  2013   Q3  2014  

Total  Sales  

$242,052

$256,350

$150,000

$225,000

$300,000

Q3  2013   Q3  2014  

Average  Sale  Price  

$129 $136

$100

$120

$140

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

69 66 77 76

25

75

125

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$344,968

$277,054 $255,141

$269,021

$242,052 $256,350

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

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.

Page 27: Quarter 3 2014 Market Update

26

On the MarketFeatured Property

You must see this magnificent Ashley Harbor brick home with deep moldings, extensive woodwork and Brazil-ian 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 built-ins, 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 Trail5BR/4+B | 4,657 SqFt

$895,000Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Langley, Washington2BR/2B

3,030 SqFt$925,000Realogics

Sotheby’s International Realty

Essex, Massachusetts4BR/2.5B5,709 SqFt$950,000By the Sea

Sotheby’s International Realty

Treasure Cay, Bahamas3BR/2B

2,486 SqFt$920,000Damianos

Sotheby’s International Realty

Page 28: Quarter 3 2014 Market Update

248

108

50

100

150

200

250

Q3  2013   Q3  2014  

Total  Sales  

$741,641

$809,588

$500,000

$750,000

$1,000,000

Q3  2013   Q3  2014  

Average  Sale  Price   $347 $359

$100

$200

$300

$400

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

155

114

188

153

100

150

200

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$931,972 $941,911

$860,680

$944,888

$801,667

$903,798

$750,000

$850,000

$950,000

$1,050,000

Q2  2013   Q2  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

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 magnif-icent parks such as White Point Gardens attract visitors from all over the world.

Page 29: Quarter 3 2014 Market Update

On the MarketFeatured Property

Located on one of Charleston’s most highly coveted streets South of Broad, the ‘’White-Williman House’’ was built around 1840 by James White, who originally purchased this lot from Robert Trail Chisolm in 1838. The original

home had two grand, masonry square porticos which were severely damaged and later removed, shortly after the earthquake of 1886. Later, Italianate style alterations were made by both the Williman and Frost families. This hand-

some, approximately 6400 square foot home, provides plenty of charm and space that you immediately notice once you enter a long, light filled entrance hallway. Buyers looking for a historical home with a premiere Charles-

ton location, and an option to customize a home to their specific taste, this is great prospect that you do not want to miss!

259 Legare Street7BR/6+B | 6,400 SqFt

$3,650,000Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Greenwich, Connecticut7BR/6.5B6,785 SqFt$3,995,000

Sotheby’s International RealtyGreenwich Brokerage

Abbotsford, British Columbia9BR/8B

44,340 SqFt $3,969,022

Sotheby’s International RealtyCanada

Santa Fe, New Mexico7BR/5+B8,500 SqFt

$3,975,000Sotheby’s International Realty

Santa Fe Brokerage

28

Page 30: Quarter 3 2014 Market Update

329

280

250

300

350

Q3  2013   Q3  2014  

Total  Sales  

$439,600

$453,894

$300,000

$350,000

$400,000

$450,000

$500,000

Q3  2013   Q3  2014  

Average  Sale  Price  

$195 $205

$100

$150

$200

$250

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

66

48

81

57

40

50

60

70

80

90

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$459,592

$471,867

$454,438

$465,820

$439,600

$453,894

$420,000

$440,000

$460,000

$480,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

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.

Page 31: Quarter 3 2014 Market Update

On the MarketFeatured Property

Gracious Southern living in the charming Old Village of Mt. Pleasant, South Carolina....just minutes away from downtown Charleston and Sullivan`s Island. This 4,205 sq.ft. Charleston Single, located at 429 Whilden, dates back to 1803 and was the town`s first post office. After undergoing an extensive renovation to bring the house and

grounds into the 21st century, this historic property was recently featured in the CHARLESTON HOME Magazine. The efficiently designed kitchen features top-of-the-line stainless steel appliances, Carrera marble countertops and

a charming breakfast nook with built-in seating.429 Whilden Street

5BR/4.5B | 4,205 SqFt$1,499,000

Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Turtle Cove, Turks and Caicos1BR/1.5B1,500 SqFt$2,000,000

Turks and CaicosSotheby’s International Realty

Rhone-Alpes, France6BR/2+B

4,306 SqFt $1,498,433

Perle du Lac Sotheby’s International Realty

Ibiza, Spain3BR/4.5B2,723 SqFt

$1,498,433Ibiza Sotheby’s

International Realty

30

Page 32: Quarter 3 2014 Market Update

14

6

0

5

10

15

Q3  2013   Q3  2014  

Total  Sales  

$1,819,643

$1,631,750

$1,500,000

$1,600,000

$1,700,000

$1,800,000

$1,900,000

Q3  2013   Q3  2014  

Average  Sale  Price   $582

$523

$400

$450

$500

$550

$600

Q3  2013   Q3  2014  

Sold  Price  Per  Sqft  

156 178 194

307

100

150

200

250

300

350

Q3  2013   Q3  2014  

Days  On  Market  

Days on Market

Cumulative Days on Market

$2,015,993

$1,755,067

$1,990,279

$1,740,067 $1,819,643

$1,631,750

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

$2,200,000

Q3  2013   Q3  2014  

List  Prices  versus  Sold  Prices  

Original List Price

Final List Price

Sold Price

Sullivans IslandMarket 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.

Page 33: Quarter 3 2014 Market Update

Marketing Charleston Worldwide

GolfPropertySIR.com SothebysRealty.com

HistoricPropertySIR.com About Charleston, SC

WaterfrontPropertySIR.com

33 Broad StreetCharleston, SC 29401

O: 843.723.7150 | 843.723.7494

FarmAndRanchSIR.com

Page 34: Quarter 3 2014 Market Update

Daniel Ravenel Sotheby’s International Realty33 Broad Street

Charleston, SC 29401O: 843.723.7150 | 843.723.7494

www.DanielRavenelSIR.com