APRIL 2020
R E AL E S TATE R E P O RT PRESENTED BY THE CASSINA GROUP
MARKET REPORTS In this report, you will find several charts broken down by geographic area which show monthly and year-to-date trends for specific locations; to provide a market analysis that illustrates real estate activity in Charleston. Information includes the number of new and closed listings, median and average sales price, percent of list price received, days on market until sale and more. If you are thinking of making a move or have questions about your home’s specific value, please don’t hesitate to reach out to your agent at The Cassina Group, 843.628.0008.
The Cassina Group: Our Story The Cassina Group was founded in 2006 with a vision of doing real estate differently. By balancing traditional real estate models with unique marketing and emerging technology, The Cassina Group has created a cutting edge and innovative company that serves as a leader in the Charleston market.
Our Philosophy Especially for today’s homebuyers and sellers, The Cassina Group is Charleston’s innovation-driven real estate firm, with a proven reputation for delivering stronger results through leading-edge technology and building lasting relationships. Our pioneering spirit generates a contagious energy enabling us to continually place new ideas into motion. Our strength lies on our people: knowledgeable, professional and committed. We are passionate about a great real estate event and promoting the well-being of our community.
Local Market Update – April 2020
Local Market Update – April 2020
A Research Tool Provided by the Charleston Trident Association of REALTORS®
A Research Tool Provided by the Charleston Trident Association of REALTORS®
Downtown Charleston
Upper Charleston Peninsula
Area 51
Area 52 April
Single-Family Detached
Year to Date
April
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
47
21
- 55.3%
185
129
- 30.3%
New Listings
26
21
- 19.2%
93
96
+ 3.2%
Closed Sales
16
20
+ 25.0%
53
69
+ 30.2%
Closed Sales
27
15
- 44.4%
80
58
- 27.5%
Median Sales Price*
$800,000
$1,292,500
+ 61.6%
$1,150,000
$935,000
- 18.7%
Median Sales Price*
$442,000
$575,000
+ 30.1%
$449,500
$550,000
+ 22.4%
Average Sales Price*
$1,149,563
$1,485,368
+ 29.2%
$1,697,132
$1,139,024
- 32.9%
Average Sales Price*
$471,551
$606,967
+ 28.7%
$475,517
$614,206
+ 29.2%
89.1%
90.7%
+ 1.8%
91.1%
89.1%
- 2.2%
Percent of Original List Price Received*
90.9%
94.2%
+ 3.6%
90.6%
92.5%
+ 2.1%
Days on Market Until Sale
54
99
+ 83.3%
84
120
+ 42.9%
Days on Market Until Sale
70
43
- 38.6%
81
69
- 14.8%
Inventory of Homes for Sale
245
171
- 30.2%
--
--
--
Inventory of Homes for Sale
70
69
- 1.4%
--
--
--
Percent of Original List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Townhouse-Condo Attached
Townhouse-Condo Attached
April
Year to Date
April
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
45
25
- 44.4%
170
141
- 17.1%
New Listings
2
1
- 50.0%
10
10
0.0%
Closed Sales
14
12
- 14.3%
54
58
+ 7.4%
Closed Sales
2
3
+ 50.0%
5
8
+ 60.0%
Median Sales Price*
$540,000
$585,750
+ 8.5%
$692,500
$603,500
- 12.9%
Median Sales Price*
$322,925
$307,500
- 4.8%
$268,350
$268,500
+ 0.1%
Average Sales Price*
$614,529
$563,158
- 8.4%
$826,646
$999,883
+ 21.0%
Average Sales Price*
$322,925
$330,833
+ 2.4%
$307,670
$375,375
+ 22.0%
97.0%
91.2%
- 6.0%
93.4%
91.0%
- 2.6%
96.3%
93.9%
- 2.5%
92.7%
96.2%
+ 3.8%
Days on Market Until Sale
54
156
+ 188.9%
83
142
+ 71.1%
Days on Market Until Sale
13
36
+ 176.9%
70
55
- 21.4%
Inventory of Homes for Sale
209
177
- 15.3%
--
--
--
Inventory of Homes for Sale
9
13
+ 44.4%
--
--
--
Percent of Original List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Historical Median Sales Price Single-Family Detached $1,400,000
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Downtown Charleston —
$1,200,000
Percent of Original List Price Received*
Single-Family Detached All MLS — Downtown Charleston —
$700,000
$600,000
$600,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —
$500,000
$500,000 $400,000
$1,000,000
$500,000 $400,000
$800,000 $400,000
$300,000
$600,000
$300,000 $300,000
$400,000
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
$200,000
$200,000
$200,000
$200,000 $0 1-2010
All MLS — Upper Charleston Peninsula —
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of May 8, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of May 8, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – April 2020
Local Market Update – April 2020
A Research Tool Provided by the Charleston Trident Association of REALTORS®
A Research Tool Provided by the Charleston Trident Association of REALTORS®
Lower Mount Pleasant
Upper Mount Pleasant
Area 42
Area 41 April
Single-Family Detached
Year to Date
April
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
103
99
- 3.9%
440
368
- 16.4%
New Listings
159
92
- 42.1%
600
461
- 23.2%
Closed Sales
83
64
- 22.9%
240
238
- 0.8%
Closed Sales
87
86
- 1.1%
279
330
+ 18.3%
Median Sales Price*
$579,000
$623,250
+ 7.6%
$582,000
$592,500
+ 1.8%
Median Sales Price*
$560,000
$503,000
- 10.2%
$515,000
$532,453
+ 3.4%
Average Sales Price*
$674,363
$676,303
+ 0.3%
$713,160
$678,700
- 4.8%
Average Sales Price*
$639,305
$549,566
- 14.0%
$575,314
$577,662
+ 0.4%
94.9%
95.8%
+ 0.9%
93.9%
94.6%
+ 0.7%
Percent of Original List Price Received*
97.3%
97.3%
0.0%
96.6%
96.8%
+ 0.2%
Days on Market Until Sale
71
45
- 36.6%
70
69
- 1.4%
Days on Market Until Sale
71
60
- 15.5%
72
72
0.0%
Inventory of Homes for Sale
282
214
- 24.1%
--
--
--
Inventory of Homes for Sale
467
280
- 40.0%
--
--
--
Percent of Original List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Townhouse-Condo Attached
Townhouse-Condo Attached
April
Year to Date
April
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
37
22
- 40.5%
151
163
+ 7.9%
New Listings
41
31
- 24.4%
183
147
- 19.7%
Closed Sales
29
22
- 24.1%
97
96
- 1.0%
Closed Sales
32
25
- 21.9%
103
90
- 12.6%
Median Sales Price*
$239,000
$285,000
+ 19.2%
$252,500
$247,700
- 1.9%
Median Sales Price*
$279,500
$330,000
+ 18.1%
$305,000
$305,250
+ 0.1%
Average Sales Price*
$322,777
$370,450
+ 14.8%
$371,436
$298,358
- 19.7%
Average Sales Price*
$286,995
$333,480
+ 16.2%
$294,640
$308,092
+ 4.6%
96.1%
95.1%
- 1.0%
95.5%
95.9%
+ 0.4%
Percent of Original List Price Received*
97.2%
96.9%
- 0.3%
96.5%
97.1%
+ 0.6%
Days on Market Until Sale
57
62
+ 8.8%
58
61
+ 5.2%
Days on Market Until Sale
36
95
+ 163.9%
49
75
+ 53.1%
Inventory of Homes for Sale
101
90
- 10.9%
--
--
--
Inventory of Homes for Sale
126
95
- 24.6%
--
--
--
Percent of Original List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Historical Median Sales Price Single-Family Detached $600,000
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Lower Mount Pleasant —
Single-Family Detached All MLS — Lower Mount Pleasant —
$260,000
$600,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
All MLS — Upper Mount Pleasant —
$350,000
$240,000 $500,000
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$220,000 $400,000
$200,000 $180,000
$300,000
$160,000 $200,000 $140,000 $100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$120,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of May 8, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of May 8, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – April 2020
Local Market Update – April 2020
A Research Tool Provided by the Charleston Trident Association of REALTORS®
A Research Tool Provided by the Charleston Trident Association of REALTORS®
Isle of Palms
Sullivan's Island
Areas 44 & 45
Area 43 April
Single-Family Detached
Year to Date
April
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
35
7
- 80.0%
133
88
- 33.8%
New Listings
8
2
- 75.0%
23
20
- 13.0%
Closed Sales
17
9
- 47.1%
56
45
- 19.6%
Closed Sales
2
0
- 100.0%
12
11
- 8.3%
Median Sales Price*
$1,500,000
$920,000
- 38.7%
$1,176,250
$1,065,000
- 9.5%
Median Sales Price*
$2,042,500
$0
- 100.0%
$2,025,000
$2,195,000
+ 8.4%
Average Sales Price*
$2,146,676
$1,233,333
- 42.5%
$1,535,086
$1,261,067
- 17.9%
Average Sales Price*
$2,042,500
$0
- 100.0%
$2,098,240
$2,257,045
+ 7.6%
92.5%
92.9%
+ 0.4%
92.4%
90.9%
- 1.6%
Percent of Original List Price Received*
84.2%
0.0%
- 100.0%
85.5%
92.5%
+ 8.2%
Days on Market Until Sale
106
121
+ 14.2%
100
112
+ 12.0%
Days on Market Until Sale
215
0
- 100.0%
95
67
- 29.5%
Inventory of Homes for Sale
159
113
- 28.9%
--
--
--
Inventory of Homes for Sale
33
20
- 39.4%
--
--
--
Percent of Original List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Townhouse-Condo Attached
Townhouse-Condo Attached
April
Year to Date
April
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
13
5
- 61.5%
57
51
- 10.5%
New Listings
0
0
--
1
1
0.0%
Closed Sales
13
10
- 23.1%
25
29
+ 16.0%
Closed Sales
0
0
--
1
2
+ 100.0%
Median Sales Price*
$510,000
$625,000
+ 22.5%
$500,000
$629,000
+ 25.8%
Median Sales Price*
$0
$0
--
$1,770,000
$1,625,000
- 8.2%
Average Sales Price*
$583,692
$722,900
+ 23.8%
$565,130
$694,877
+ 23.0%
Average Sales Price*
$0
$0
--
$1,770,000
$1,625,000
- 8.2%
95.8%
93.0%
- 2.9%
94.8%
92.8%
- 2.1%
0.0%
0.0%
--
94.4%
89.0%
- 5.7%
Days on Market Until Sale
72
90
+ 25.0%
77
109
+ 41.6%
Days on Market Until Sale
0
0
--
195
527
+ 170.3%
Inventory of Homes for Sale
79
75
- 5.1%
--
--
--
Inventory of Homes for Sale
2
2
0.0%
--
--
--
Percent of Original List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Historical Median Sales Price
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached
All MLS — Isle of Palms —
$1,200,000
Percent of Original List Price Received*
Single-Family Detached All MLS — Isle of Palms —
$700,000
$1,000,000
$600,000
$800,000
$500,000
$2,500,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Sullivan's Island —
All MLS — Sullivan's Island —
$4,000,000
$2,000,000 $3,000,000 $1,500,000
$600,000
$400,000
$2,000,000 $1,000,000
$400,000
$300,000
$200,000
$200,000
$0 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
$1,000,000
$500,000
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of May 8, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$0 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$0 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of May 8, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – April 2020
Local Market Update – April 2020
A Research Tool Provided by the Charleston Trident Association of REALTORS®
A Research Tool Provided by the Charleston Trident Association of REALTORS®
James Island
West Ashley Area
Area 21
Areas 11 & 12 April
Single-Family Detached
Year to Date
April
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
107
70
- 34.6%
371
312
- 15.9%
New Listings
169
139
- 17.8%
648
647
- 0.2%
Closed Sales
69
57
- 17.4%
210
233
+ 11.0%
Closed Sales
116
123
+ 6.0%
394
442
+ 12.2%
Median Sales Price*
$320,000
$377,000
+ 17.8%
$360,000
$376,000
+ 4.4%
Median Sales Price*
$325,000
$307,000
- 5.5%
$312,365
$316,000
+ 1.2%
Average Sales Price*
$473,684
$414,072
- 12.6%
$477,956
$441,765
- 7.6%
Average Sales Price*
$355,652
$351,627
- 1.1%
$347,849
$349,052
+ 0.3%
94.0%
96.4%
+ 2.6%
94.9%
95.8%
+ 0.9%
Percent of Original List Price Received*
96.4%
96.7%
+ 0.3%
95.5%
96.0%
+ 0.5%
Days on Market Until Sale
61
33
- 45.9%
62
47
- 24.2%
Days on Market Until Sale
51
42
- 17.6%
53
51
- 3.8%
Inventory of Homes for Sale
213
161
- 24.4%
--
--
--
Inventory of Homes for Sale
364
264
- 27.5%
--
--
--
Percent of Original List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Townhouse-Condo Attached
Townhouse-Condo Attached
April
Year to Date
April
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
33
19
- 42.4%
117
96
- 17.9%
New Listings
70
37
- 47.1%
229
185
- 19.2%
Closed Sales
20
20
0.0%
66
59
- 10.6%
Closed Sales
35
35
0.0%
134
153
+ 14.2%
Median Sales Price*
$217,000
$161,250
- 25.7%
$199,750
$207,500
+ 3.9%
Median Sales Price*
$202,000
$215,000
+ 6.4%
$221,500
$222,000
+ 0.2%
Average Sales Price*
$245,988
$188,610
- 23.3%
$214,643
$203,186
- 5.3%
Average Sales Price*
$198,970
$223,450
+ 12.3%
$211,945
$217,308
+ 2.5%
97.5%
97.9%
+ 0.4%
96.4%
95.9%
- 0.5%
Percent of Original List Price Received*
97.7%
96.6%
- 1.1%
97.0%
96.3%
- 0.7%
Days on Market Until Sale
34
31
- 8.8%
45
40
- 11.1%
Days on Market Until Sale
44
51
+ 15.9%
46
61
+ 32.6%
Inventory of Homes for Sale
62
42
- 32.3%
--
--
--
Inventory of Homes for Sale
132
75
- 43.2%
--
--
--
Percent of Original List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Historical Median Sales Price
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached
All MLS — James Island —
$400,000
Single-Family Detached All MLS — James Island —
$240,000 $220,000
$350,000 $200,000 $300,000
$325,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — West Ashley Area —
$240,000
$300,000
$220,000
$275,000
$200,000
$250,000
$180,000
$225,000
$160,000
$200,000
$140,000
$180,000 $160,000
$250,000
$140,000 $200,000 $120,000 $150,000 1-2010
All MLS — West Ashley Area —
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of May 8, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$175,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$120,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of May 8, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
132 East Bay Street, Charleston, SC 29401 309 Coleman Boulevard, Mount Pleasant, SC 29464
843.628.0008 | TheCassinaGroup.com
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