July 2019 Real Estate Report
A total of 30 homes sold on Daniel Island in July. The total volume sold was $21,411,329, which is down about $6.7 million from the same period last year. The most expensive home sold was in Daniel Island Park on Cattle Street for $1.8 million.
As of August 21, there were 193 homes for sale on Daniel Island, with 124 active and 69 under contract.
According to Hayden Jennings with Hayden Jennings Properties, July is typically a good month in Charleston but there were several interesting trends to the Daniel Island market during the month.
“One stat that stands out was the large increase in the days on the market (DOM) for single family homes. In July 2019, the average was 104 DOM vs. 51 DOM in July 2018 (a more than double increase), while the average sales price was down only 7 percent over the same period last year,” stated Jennings. “However condos showed the reverse of this trend with 51 DOM this July vs. 122 DOM last July, which is an almost 60 percent decrease. This is in tandem with 32 percent lower average price in July 19 vs. July 18.”
Jennings suggests that condo owners are getting realistic about pricing units to sell quickly, while inventory was similar for each period.
A special thanks to Hayden Jennings with Hayden Jennings Properties for providing information regarding the status of real estate on Daniel Island.
HOMES THAT SOLD IN JULY
108 Barnaby Street - $532,500
107 Beresford Creek Street - $825,000
616 Cattle Street - $1,850,000
334 Chimney Back Street - $1,750,000
193 Corn Planters Street - $537,500
2621 Daniel Island Drive - $1,014,366
2261 Daniel Island Drive - $358,000
2609 Daniel Island Drive - $848,830
2453 Daniel Island Drive - $955,000
197 Fairchild Street - $670,000
7836 Farr Street - $645,000
215 Ferryman Lane - $1,100,000
207 Ferryman Lane - $1,350,000
2528 Gatewood Street - $764,000
2512 Gatewood Street - $785,000
131 Island Park Drive - $925,000
2532 Josiah Street - $684,333
212 King George Street - $995,000
310 Lesesne Street - $1,500,000
145 Pier View Street #206 - $247,900
1945 Pierce Street - $387,000
130 River Landing #3109 - $148,000
130 River Landing Drive #11300 - $221,500
130 River Landing Drive #7112 - $144,500
130 River Landing Drive #7310 - $169,900
130 River Landing Drive #7316 - $121,000
200 River Landing Drive #A302 - $433,000
200 River Landing Drive #F303 - $329,000
307 S. Ladd Court - $530,000
308 S. Ladd Court - $590,000