APRIL 2021
R E AL E STATE 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 2021
Local Market Update – April 2021
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
21
40
+ 90.5%
130
155
+ 19.2%
New Listings
21
28
+ 33.3%
96
98
+ 2.1%
Closed Sales
21
47
+ 123.8%
70
147
+ 110.0%
Closed Sales
15
26
+ 73.3%
59
92
+ 55.9%
Median Sales Price*
$1,250,000
$1,050,000
- 16.0%
$952,500
$922,000
- 3.2%
Median Sales Price*
$575,000
$606,000
+ 5.4%
$550,000
$587,000
+ 6.7%
Average Sales Price*
$1,471,541
$1,343,319
- 8.7%
$1,139,824
$1,321,503
+ 15.9%
Average Sales Price*
$606,967
$606,081
- 0.1%
$608,542
$602,797
- 0.9%
91.1%
93.7%
+ 2.9%
89.3%
93.1%
+ 4.3%
Percent of Original List Price Received*
94.2%
97.4%
+ 3.4%
92.6%
95.3%
+ 2.9%
Days on Market Until Sale
95
90
- 5.3%
118
113
- 4.2%
Days on Market Until Sale
43
69
+ 60.5%
68
72
+ 5.9%
Inventory of Homes for Sale
184
96
- 47.8%
--
--
--
Inventory of Homes for Sale
82
41
- 50.0%
--
--
--
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
24
41
+ 70.8%
138
159
+ 15.2%
New Listings
2
3
+ 50.0%
11
13
+ 18.2%
Closed Sales
12
34
+ 183.3%
59
101
+ 71.2%
Closed Sales
3
2
- 33.3%
8
6
- 25.0%
Median Sales Price*
$585,750
$705,000
+ 20.4%
$600,000
$649,000
+ 8.2%
Median Sales Price*
$307,500
$569,250
+ 85.1%
$268,500
$530,500
+ 97.6%
Average Sales Price*
$563,158
$947,834
+ 68.3%
$992,003
$834,052
- 15.9%
Average Sales Price*
$330,833
$569,250
+ 72.1%
$375,375
$472,250
+ 25.8%
91.2%
93.0%
+ 2.0%
90.8%
92.8%
+ 2.2%
Percent of Original List Price Received*
93.9%
97.7%
+ 4.0%
96.2%
99.4%
+ 3.3%
Days on Market Until Sale
156
83
- 46.8%
144
109
- 24.3%
Days on Market Until Sale
36
58
+ 61.1%
55
38
- 30.9%
Inventory of Homes for Sale
191
117
- 38.7%
--
--
--
Inventory of Homes for Sale
16
6
- 62.5%
--
--
--
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.
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
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
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
$200,000
$200,000
$200,000
$200,000 $0 1-2011
All MLS — Upper Charleston Peninsula —
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – April 2021
Local Market Update – April 2021
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
99
95
- 4.0%
369
354
- 4.1%
New Listings
91
131
+ 44.0%
459
507
+ 10.5%
Closed Sales
66
92
+ 39.4%
240
319
+ 32.9%
Closed Sales
86
116
+ 34.9%
332
416
+ 25.3%
Median Sales Price*
$639,500
$777,500
+ 21.6%
$596,000
$685,000
+ 14.9%
Median Sales Price*
$503,000
$642,327
+ 27.7%
$532,258
$596,100
+ 12.0%
Average Sales Price*
$690,609
$945,147
+ 36.9%
$682,614
$835,690
+ 22.4%
Average Sales Price*
$549,560
$706,695
+ 28.6%
$576,123
$677,833
+ 17.7%
95.9%
98.8%
+ 3.0%
94.7%
97.5%
+ 3.0%
Percent of Original List Price Received*
97.3%
101.4%
+ 4.2%
96.9%
99.9%
+ 3.1%
Days on Market Until Sale
43
31
- 27.9%
69
34
- 50.7%
Days on Market Until Sale
60
13
- 78.3%
72
23
- 68.1%
Inventory of Homes for Sale
246
51
- 79.3%
--
--
--
Inventory of Homes for Sale
304
64
- 78.9%
--
--
--
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
22
61
+ 177.3%
163
218
+ 33.7%
New Listings
31
33
+ 6.5%
147
127
- 13.6%
Closed Sales
22
66
+ 200.0%
96
190
+ 97.9%
Closed Sales
25
26
+ 4.0%
90
110
+ 22.2%
Median Sales Price*
$285,000
$310,000
+ 8.8%
$247,700
$295,000
+ 19.1%
Median Sales Price*
$330,000
$321,000
- 2.7%
$305,250
$324,450
+ 6.3%
Average Sales Price*
$370,450
$403,666
+ 9.0%
$298,358
$407,682
+ 36.6%
Average Sales Price*
$333,480
$325,804
- 2.3%
$308,092
$317,561
+ 3.1%
95.1%
99.7%
+ 4.8%
95.9%
98.6%
+ 2.8%
Percent of Original List Price Received*
96.9%
101.4%
+ 4.6%
97.1%
99.4%
+ 2.4%
Days on Market Until Sale
62
24
- 61.3%
61
34
- 44.3%
Days on Market Until Sale
95
12
- 87.4%
75
22
- 70.7%
Inventory of Homes for Sale
102
18
- 82.4%
--
--
--
Inventory of Homes for Sale
102
6
- 94.1%
--
--
--
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 $700,000
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Lower Mount Pleasant —
$250,000
$500,000
$225,000
$400,000
$200,000
$300,000
$175,000
$200,000
$150,000
1-2013
1-2015
1-2017
1-2019
1-2021
$125,000 1-2011
Single-Family Detached All MLS — Lower Mount Pleasant —
$275,000
$600,000
$100,000 1-2011
* 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.
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$600,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
$350,000
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
All MLS — Upper Mount Pleasant —
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – April 2021
Local Market Update – April 2021
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
7
22
+ 214.3%
88
108
+ 22.7%
New Listings
2
10
+ 400.0%
20
24
+ 20.0%
Closed Sales
9
34
+ 277.8%
45
98
+ 117.8%
Closed Sales
0
6
--
11
16
+ 45.5%
Median Sales Price*
$920,000
$1,650,000
+ 79.3%
$1,065,000
$1,555,000
+ 46.0%
Median Sales Price*
$0
$2,492,500
--
$2,195,000
$3,094,388
+ 41.0%
Average Sales Price*
$1,233,333
$1,987,614
+ 61.2%
$1,261,067
$1,793,779
+ 42.2%
Average Sales Price*
$0
$2,580,833
--
$2,257,045
$3,140,486
+ 39.1%
92.9%
96.4%
+ 3.8%
90.9%
95.9%
+ 5.5%
Percent of Original List Price Received*
0.0%
95.1%
--
92.5%
95.9%
+ 3.7%
Days on Market Until Sale
121
44
- 63.6%
112
44
- 60.7%
Days on Market Until Sale
0
109
--
67
129
+ 92.5%
Inventory of Homes for Sale
127
20
- 84.3%
--
--
--
Inventory of Homes for Sale
20
14
- 30.0%
--
--
--
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
5
16
+ 220.0%
51
49
- 3.9%
New Listings
0
1
--
1
4
+ 300.0%
Closed Sales
10
16
+ 60.0%
29
53
+ 82.8%
Closed Sales
0
2
--
2
2
0.0%
Median Sales Price*
$625,000
$692,500
+ 10.8%
$629,000
$725,000
+ 15.3%
Median Sales Price*
$0
$580,000
--
$1,625,000
$580,000
- 64.3%
Average Sales Price*
$722,900
$772,344
+ 6.8%
$694,877
$753,976
+ 8.5%
Average Sales Price*
$0
$580,000
--
$1,625,000
$580,000
- 64.3%
93.0%
98.1%
+ 5.5%
92.8%
96.6%
+ 4.1%
Percent of Original List Price Received*
0.0%
83.5%
--
89.0%
83.5%
- 6.2%
Days on Market Until Sale
90
56
- 37.8%
109
96
- 11.9%
Days on Market Until Sale
0
0
--
527
0
- 100.0%
Inventory of Homes for Sale
79
23
- 70.9%
--
--
--
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 —
$1,400,000 $1,200,000
Single-Family Detached All MLS — Isle of Palms —
$700,000
$3,000,000
$600,000
$2,500,000
$500,000
$2,000,000
$400,000
$1,500,000
$300,000
$1,000,000
$200,000
$500,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Sullivan's Island —
All MLS — Sullivan's Island —
$4,000,000
$3,000,000
$1,000,000 $800,000
$2,000,000
$600,000 $400,000
$1,000,000
$200,000 $0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – April 2021
Local Market Update – April 2021
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
70
80
+ 14.3%
313
250
- 20.1%
New Listings
141
170
+ 20.6%
647
509
- 21.3%
Closed Sales
57
54
- 5.3%
233
209
- 10.3%
Closed Sales
123
114
- 7.3%
444
423
- 4.7%
Median Sales Price*
$377,000
$435,000
+ 15.4%
$376,000
$430,000
+ 14.4%
Median Sales Price*
$307,000
$398,000
+ 29.6%
$317,000
$362,000
+ 14.2%
Average Sales Price*
$414,072
$538,358
+ 30.0%
$441,242
$507,461
+ 15.0%
Average Sales Price*
$351,627
$439,248
+ 24.9%
$350,724
$409,422
+ 16.7%
96.4%
97.0%
+ 0.6%
95.7%
97.9%
+ 2.3%
Percent of Original List Price Received*
96.7%
100.3%
+ 3.7%
96.0%
98.4%
+ 2.5%
Days on Market Until Sale
33
32
- 3.0%
47
28
- 40.4%
Days on Market Until Sale
42
22
- 47.6%
51
27
- 47.1%
Inventory of Homes for Sale
172
44
- 74.4%
--
--
--
Inventory of Homes for Sale
307
65
- 78.8%
--
--
--
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
19
31
+ 63.2%
96
89
- 7.3%
New Listings
38
49
+ 28.9%
186
186
0.0%
Closed Sales
20
14
- 30.0%
59
79
+ 33.9%
Closed Sales
37
63
+ 70.3%
157
176
+ 12.1%
Median Sales Price*
$161,250
$251,000
+ 55.7%
$207,500
$226,000
+ 8.9%
Median Sales Price*
$214,105
$250,000
+ 16.8%
$220,295
$230,500
+ 4.6%
Average Sales Price*
$188,610
$259,743
+ 37.7%
$203,186
$243,804
+ 20.0%
Average Sales Price*
$221,371
$234,107
+ 5.8%
$217,194
$226,218
+ 4.2%
97.9%
98.7%
+ 0.8%
95.9%
96.8%
+ 0.9%
Percent of Original List Price Received*
96.6%
99.7%
+ 3.2%
96.4%
98.8%
+ 2.5%
Days on Market Until Sale
31
25
- 19.4%
40
42
+ 5.0%
Days on Market Until Sale
48
14
- 70.8%
60
25
- 58.3%
Inventory of Homes for Sale
48
9
- 81.3%
--
--
--
Inventory of Homes for Sale
84
17
- 79.8%
--
--
--
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 —
$500,000
Single-Family Detached All MLS — James Island —
$250,000
$225,000 $400,000 $200,000
$300,000
Townhouse-Condo Attached All MLS — West Ashley Area —
All MLS — West Ashley Area —
$260,000
$325,000
$240,000
$300,000
$220,000
$275,000
$200,000
$250,000
$180,000
$225,000
$160,000
$200,000
$140,000
$175,000
$150,000 $200,000 $125,000 $100,000 1-2011
$350,000
Rolling 12-Month Calculation
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$175,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$120,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 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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