William Means Real Estate looks ahead to 2019 after record year of Charleston home sales
January 14, 2019
William Means Real Estate sold more than $220 million in Charleston real estate in 2018, making it the company’s best year to date. As one of the oldest real estate firms in the area and an exclusive affiliate of Christie’s International Real Estate, William Means continues to remain at the forefront of the local luxury market with an average home sales price of more than $978,000.
“While many luxury real estate firms saw reduced sales last year, it is a tremendous testament to our agents that we achieved a record 2018,” said Helen Geer, president and broker-in-charge for William Means Real Estate. “The loyalty of our William Means’ clients is the greatest compliment to our company and our agents.”
In 2018, William Means closed on a number of significant transactions on the downtown Charleston peninsula with 18 of those located South of Broad. Two out of the three highest South of Broad homes sold were represented on both sides by William Means agents. The firm ranked No. 1 in total sales for South of Broad homes over $5 million and for the average home sales price for firms with 10 or more sales.
Significant South of Broad transactions that boosted sales during 2018 included:
- 125 Tradd Street.
- 22 Legare Street (represented both sides).
- 59 Meeting Street (represented both sides).
In Mount Pleasant, William Means also brokered 79 residential transactions. During 2018, the firm recorded the highest average residential sales price of any home in the southern portion of Mount Pleasant (among real estate firms with more than 13 transactions). They also ranked as the top boutique company for residential real estate with an average sales price of over $750,000 with more than $53 million sold.
In the I’On community, William Means was the overall top-producing firm, generating more than $30 million in sales and producing the highest average home sales price for firms with five or more sales. Of the 61 homes sold in I’On last year, William Means represented either the buyer or seller in 22 of those transactions and Agent Michelle McQuillan was the No. 1 agent for the neighborhood.
William Means was also the top-producing boutique firm in the Hibben section of Belle Hall Plantation. Agent Will Dammeyer has been the No. 1 agent in Hibben for the past four years, producing the highest average home sales price of agents with two or more sales.
Looking ahead to the New Year, William Means hopes to continue its success, but does predict a changing market.
“We expect the demand to continue while buying power may be reduced because of higher interest rates and caution over the national fear of economic slowdown,” said Drew Grossklaus, director of sales and East Cooper broker-in-charge for William Means Real Estate. “Home buyers and sellers will want to work with an experienced firm and agents to achieve their real estate goals.”
About William Means Real Estate
Founded in 1933, William Means Real Estate is one of Charleston’s oldest real estate companies and an exclusive affiliate of Christie’s International Real Estate. Established in 1995, Christie’s International Real Estate is the world’s leading expert on high-end real estate with a network of 1,000 offices in 50 countries worldwide. Helen Lyles Geer has been president and broker-in-charge of William Means since 1999. Since then, the firm has continued to evolve with the latest innovations to remain at the forefront of the area’s real estate market. William Means Real Estate has an office on Broad Street in downtown Charleston and another in Mount Pleasant to assist clients in the East Cooper area.For more information, visit charlestonrealestate.com.
