2020 Year in Review – Daniel Island Neighborhoods
I think we can all agree that 2020 was a year to remember! It was certainly unlike anything our team has ever experienced before. Amidst all the uncertainty in our world, the real estate market was a bright spot and outperformed most expectations. As you’ll see below, 2020 was a banner year for Charleston real estate.
2,058 homes sold in December in the Charleston region at a median price of $314,500 according to preliminary data released on January 20th by the Charleston Trident Association of Realtors® (CTAR).
In 2020, 21,826 homes changed hands at a median price of $300,000 in the region. In 2019, 18,615 homes sold at a median price of $277,765. This reflects 17% growth in the number of homes sold and an 8% increase in median price over 2019 figures.
Inventory data shows 56% fewer homes for sale over the last 12-month period, with 2,440 homes listed as “active” for sale in the CHS Regional MLS database at the end of the year—representing just 1.3 months of available inventory, a new record low.
Daniel Island finished the year with 612 sales! See the breakdown below:
Single Family/ Townhomes – 373 Closings
| Homes + Townhomes | Sold | Low | High |
| Barfield Park | 12 | $530,000 | $1,100,000 |
| Center Park | 50 | $495,000 | $965,000 |
| Cochran Park | 8 | $635,000 | $1,550,000 |
| Codner’s Ferry Park | 13 | $540,000 | $1,700,000 |
| Daniel Island Park | 135 | $735,000 | $4,250,000 |
| Edgefield Park | 64 | $552,900 | $2,525,000 |
| Etiwan Park | 23 | $518,000 | $750,000 |
| Pierce Park | 26 | $360,000 | $760,000 |
| Smythe Park | 46 | $680,000 | $2,835,000 |
Condominiums – 120 Closings
| Condominiums | Low | High | |
| 200 River Landing Drive | 16 | $249,000 | $495,000 |
| 254 Seven Farms Drive | 23 | $155,000 | $278,500 |
| Blakeway Condos | 6 | $270,000 | $365,000 |
| Daniel’s Landing | 35 | $141,000 | $308,000 |
| Island Park Condos | 4 | $830,000 | $885,000 |
| Oaks Condos | 8 | $710,000 | $1,330,000 |
| Pier View | 26 | $229,000 | $560,000 |
| Other | 2 | $655,000 | $1,190,000 |
Vacant Land – 117 Closings
| TOTAL Vacant Land | 117 | $260,000 | $2,895,000 |
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Single Family Homes – Price Range
The lowest priced single family home in 2020 was 7012 Schooner Street, which closed for $495,000.
The highest priced single family home in 2020 was 394 Ralston Creek Street, which closed for $4,250,000.
Townhomes – Price Range
The lowest priced townhome sale in 2020 was 1133 Thrower Street which sold for $201,187.50.
The highest priced townhome sale in 2020 was 22 Grove Lane, which closed for $922,000.
Condominiums – Price Range
The lowest priced condominium sale in 2020 is 130 River Landing Drive #9212 which sold for $141,000.
The highest priced condominium sale in 2020 is 108 Fairbanks Oak Allee #402, which closed for $1,330,000.
Vacant Land – Price Range
The lowest priced vacant land sale in 2020 is 494 Lesesne Street which sold for $260,000.
The highest priced vacant land sale in 2020 is 559 Old Compass Road on Captain’s Island, which closed for $2,895,000.
