AUGUST 2021
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 – August 2021
Local Market Update – August 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 August
Single-Family Detached
Year to Date
August
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
37
30
- 18.9%
325
304
- 6.5%
New Listings
32
24
- 25.0%
230
195
- 15.2%
Closed Sales
23
26
+ 13.0%
140
286
+ 104.3%
Closed Sales
17
15
- 11.8%
137
185
+ 35.0%
Median Sales Price*
$589,000
$977,500
+ 66.0%
$765,000
$992,500
+ 29.7%
Median Sales Price*
$450,000
$650,000
+ 44.4%
$520,000
$599,900
+ 15.4%
Average Sales Price*
$875,765
$1,228,885
+ 40.3%
$1,146,944
$1,390,972
+ 21.3%
Average Sales Price*
$519,796
$795,879
+ 53.1%
$566,538
$611,461
+ 7.9%
94.4%
94.7%
+ 0.3%
90.1%
94.1%
+ 4.4%
Percent of Original List Price Received*
95.8%
96.2%
+ 0.4%
93.0%
96.0%
+ 3.2%
Days on Market Until Sale
94
63
- 33.0%
113
89
- 21.2%
Days on Market Until Sale
35
59
+ 68.6%
56
64
+ 14.3%
Inventory of Homes for Sale
224
76
- 66.1%
--
--
--
Inventory of Homes for Sale
92
35
- 62.0%
--
--
--
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
August
Year to Date
August
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
30
40
+ 33.3%
293
304
+ 3.8%
New Listings
7
4
- 42.9%
29
37
+ 27.6%
Closed Sales
23
26
+ 13.0%
120
236
+ 96.7%
Closed Sales
3
4
+ 33.3%
18
23
+ 27.8%
Median Sales Price*
$513,000
$543,500
+ 5.9%
$592,500
$649,500
+ 9.6%
Median Sales Price*
$275,000
$348,000
+ 26.5%
$289,000
$455,000
+ 57.4%
Average Sales Price*
$573,539
$682,827
+ 19.1%
$820,665
$806,882
- 1.7%
Average Sales Price*
$272,667
$429,925
+ 57.7%
$386,306
$541,596
+ 40.2%
92.7%
96.1%
+ 3.7%
92.1%
94.2%
+ 2.3%
Percent of Original List Price Received*
97.1%
93.6%
- 3.6%
94.9%
97.6%
+ 2.8%
Days on Market Until Sale
128
77
- 39.8%
126
98
- 22.2%
Days on Market Until Sale
23
26
+ 13.0%
75
33
- 56.0%
Inventory of Homes for Sale
194
105
- 45.9%
--
--
--
Inventory of Homes for Sale
16
10
- 37.5%
--
--
--
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
$700,000
$600,000
$600,000
$500,000
$500,000
$400,000
$400,000
$300,000
$300,000
$200,000
$200,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —
All MLS — Upper Charleston Peninsula —
$500,000
$400,000
$1,000,000 $800,000
$300,000
$600,000 $400,000
$200,000
$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 September 9, 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 September 9, 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 – August 2021
Local Market Update – August 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 August
Single-Family Detached
Year to Date
August
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
94
81
- 13.8%
784
725
- 7.5%
New Listings
147
109
- 25.9%
1,065
980
- 8.0%
Closed Sales
82
71
- 13.4%
607
682
+ 12.4%
Closed Sales
134
111
- 17.2%
809
908
+ 12.2%
Median Sales Price*
$653,125
$800,000
+ 22.5%
$600,000
$725,000
+ 20.8%
Median Sales Price*
$577,000
$655,000
+ 13.5%
$535,000
$627,161
+ 17.2%
Average Sales Price*
$807,864
$939,981
+ 16.4%
$721,545
$891,742
+ 23.6%
Average Sales Price*
$630,436
$745,944
+ 18.3%
$597,176
$710,809
+ 19.0%
96.5%
98.2%
+ 1.8%
95.6%
98.8%
+ 3.3%
Percent of Original List Price Received*
97.0%
101.5%
+ 4.6%
97.2%
100.9%
+ 3.8%
Days on Market Until Sale
39
21
- 46.2%
57
24
- 57.9%
Days on Market Until Sale
50
12
- 76.0%
61
17
- 72.1%
Inventory of Homes for Sale
183
57
- 68.9%
--
--
--
Inventory of Homes for Sale
234
79
- 66.2%
--
--
--
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.
* 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
August
Year to Date
August
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
31
70
+ 125.8%
348
442
+ 27.0%
New Listings
37
25
- 32.4%
303
257
- 15.2%
Closed Sales
44
52
+ 18.2%
250
385
+ 54.0%
Closed Sales
48
26
- 45.8%
229
233
+ 1.7%
Median Sales Price*
$252,500
$315,000
+ 24.8%
$245,250
$300,000
+ 22.3%
Median Sales Price*
$319,500
$382,450
+ 19.7%
$310,000
$332,500
+ 7.3%
Average Sales Price*
$331,280
$457,005
+ 38.0%
$302,561
$408,602
+ 35.0%
Average Sales Price*
$317,889
$379,010
+ 19.2%
$308,173
$337,588
+ 9.5%
96.9%
99.8%
+ 3.0%
96.1%
99.8%
+ 3.9%
Percent of Original List Price Received*
97.3%
101.0%
+ 3.8%
97.1%
100.8%
+ 3.8%
Days on Market Until Sale
44
19
- 56.8%
50
23
- 54.0%
Days on Market Until Sale
41
7
- 82.9%
57
14
- 75.4%
Inventory of Homes for Sale
69
30
- 56.5%
--
--
--
Inventory of Homes for Sale
44
15
- 65.9%
--
--
--
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.
Historical Median Sales Price Single-Family Detached $800,000
* 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 —
$300,000
$700,000
$275,000
$600,000
$250,000
$500,000
$225,000
Single-Family Detached All MLS — Lower Mount Pleasant —
$700,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
$600,000
All MLS — Upper Mount Pleasant —
$350,000
$300,000
$500,000 $250,000 $400,000
$400,000
$200,000 $175,000
$200,000
$150,000
$100,000 1-2011
$200,000 $300,000
$300,000
1-2013
1-2015
1-2017
1-2019
1-2021
$125,000 1-2011
$150,000
$200,000
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of September 9, 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 September 9, 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 – August 2021
Local Market Update – August 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 August
Single-Family Detached
Year to Date
August
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
39
29
- 25.6%
211
236
+ 11.8%
New Listings
3
5
+ 66.7%
47
47
0.0%
Closed Sales
43
22
- 48.8%
151
197
+ 30.5%
Closed Sales
4
4
0.0%
30
35
+ 16.7%
Median Sales Price*
$1,325,000
$1,517,500
+ 14.5%
$1,134,500
$1,700,000
+ 49.8%
Median Sales Price*
$1,692,500
$4,131,500
+ 144.1%
$2,307,500
$3,188,775
+ 38.2%
Average Sales Price*
$1,448,335
$1,649,102
+ 13.9%
$1,372,371
$1,988,499
+ 44.9%
Average Sales Price*
$1,915,000
$3,921,750
+ 104.8%
$2,383,083
$3,408,851
+ 43.0%
92.7%
96.2%
+ 3.8%
91.9%
97.1%
+ 5.7%
Percent of Original List Price Received*
87.7%
95.6%
+ 9.0%
91.9%
96.2%
+ 4.7%
Days on Market Until Sale
146
22
- 84.9%
119
30
- 74.8%
Days on Market Until Sale
143
54
- 62.2%
80
82
+ 2.5%
Inventory of Homes for Sale
73
37
- 49.3%
--
--
--
Inventory of Homes for Sale
18
10
- 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.
* 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
August
Year to Date
August
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
13
7
- 46.2%
111
88
- 20.7%
New Listings
0
0
--
3
5
+ 66.7%
Closed Sales
18
4
- 77.8%
85
84
- 1.2%
Closed Sales
0
0
--
3
3
0.0%
Median Sales Price*
$569,000
$924,750
+ 62.5%
$585,000
$718,000
+ 22.7%
Median Sales Price*
$0
$0
--
$1,600,000
$580,000
- 63.8%
Average Sales Price*
$625,806
$979,875
+ 56.6%
$645,087
$744,217
+ 15.4%
Average Sales Price*
$0
$0
--
$1,264,077
$578,333
- 54.2%
93.7%
100.0%
+ 6.7%
93.7%
98.0%
+ 4.6%
Percent of Original List Price Received*
0.0%
0.0%
--
89.5%
83.2%
- 7.0%
Days on Market Until Sale
95
177
+ 86.3%
104
75
- 27.9%
Days on Market Until Sale
0
0
--
353
23
- 93.5%
Inventory of Homes for Sale
55
25
- 54.5%
--
--
--
Inventory of Homes for Sale
2
1
- 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.
Historical Median Sales Price
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached
All MLS — Isle of Palms —
$1,750,000
$700,000
$1,250,000
$600,000
$1,000,000
$500,000
$750,000
$400,000
$500,000
$300,000
$250,000
$200,000
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 September 9, 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.
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
$800,000
$1,500,000
$0 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.
All MLS — Sullivan's Island —
$4,000,000
$4,000,000
$3,000,000
$3,000,000
$2,000,000
$2,000,000
$1,000,000
$1,000,000
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
All MLS — Sullivan's Island —
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of September 9, 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 – August 2021
Local Market Update – August 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 August
Single-Family Detached
Year to Date
August
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
67
58
- 13.4%
600
550
- 8.3%
New Listings
150
157
+ 4.7%
1,344
1,121
- 16.6%
Closed Sales
64
65
+ 1.6%
504
493
- 2.2%
Closed Sales
151
109
- 27.8%
1,076
927
- 13.8%
Median Sales Price*
$422,000
$450,000
+ 6.6%
$385,000
$450,000
+ 16.9%
Median Sales Price*
$330,000
$415,000
+ 25.8%
$322,000
$385,000
+ 19.6%
Average Sales Price*
$611,178
$567,155
- 7.2%
$473,585
$548,533
+ 15.8%
Average Sales Price*
$375,019
$476,104
+ 27.0%
$366,368
$444,253
+ 21.3%
97.2%
99.2%
+ 2.1%
96.2%
99.1%
+ 3.0%
Percent of Original List Price Received*
97.7%
99.0%
+ 1.3%
96.7%
99.5%
+ 2.9%
Days on Market Until Sale
23
14
- 39.1%
44
20
- 54.5%
Days on Market Until Sale
26
14
- 46.2%
42
19
- 54.8%
Inventory of Homes for Sale
93
34
- 63.4%
--
--
--
Inventory of Homes for Sale
209
120
- 42.6%
--
--
--
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.
* 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
August
Year to Date
August
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
30
+ 42.9%
198
219
+ 10.6%
New Listings
49
60
+ 22.4%
380
414
+ 8.9%
Closed Sales
22
18
- 18.2%
150
198
+ 32.0%
Closed Sales
41
45
+ 9.8%
327
363
+ 11.0%
Median Sales Price*
$210,400
$199,250
- 5.3%
$206,400
$222,750
+ 7.9%
Median Sales Price*
$214,000
$260,000
+ 21.5%
$214,105
$245,000
+ 14.4%
Average Sales Price*
$239,623
$237,050
- 1.1%
$205,055
$241,032
+ 17.5%
Average Sales Price*
$218,187
$265,809
+ 21.8%
$215,339
$239,983
+ 11.4%
98.5%
100.5%
+ 2.0%
96.7%
99.4%
+ 2.8%
Percent of Original List Price Received*
98.7%
101.3%
+ 2.6%
97.1%
100.1%
+ 3.1%
Days on Market Until Sale
39
5
- 87.2%
41
22
- 46.3%
Days on Market Until Sale
35
6
- 82.9%
50
17
- 66.0%
Inventory of Homes for Sale
37
18
- 51.4%
--
--
--
Inventory of Homes for Sale
64
31
- 51.6%
--
--
--
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
* 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
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
$275,000
Rolling 12-Month Calculation
All MLS — West Ashley Area —
$400,000
$250,000
All MLS — West Ashley Area —
$260,000 $240,000
$350,000
$400,000
$225,000
$220,000 $300,000
$200,000
$200,000
$300,000 $175,000
$180,000
$250,000
$150,000
$200,000
$160,000 $200,000
$125,000 $100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
$140,000
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of September 9, 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.
$150,000 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 September 9, 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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