PRESENTED BY THE CASSINA GROUP
AUGUST 2022
REAL ESTATE REPORT
MARKET REPORTS
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.
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
Our EspeciallyPhilosophyfortoday’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.
Closed Sales 4 2 - 50.0%23 27 + 17.4%
Days on Market Until Sale 59 21 - 64.4%64 31 - 51.6%
Closed Sales 15 17 + 13.3%185 148 - 20.0%
Key Metrics 20212022
Percent of Original List Price Received*93.6% 98.3% + 5.0%97.6% 96.5% - 1.1%
Median Sales Price* $900,000 $2,575,000 + 186.1%$990,000 $1,295,000 + 30.8%
Inventory of Homes for Sale 109 54 - 50.5% Market Update – August
Average Sales Price* $1,176,700 $2,735,715 + 132.5%$1,387,593 $1,817,373 + 31.0%
New Listings 23 19 - 17.4%194 185 - 4.6%
New Listings 4 4 0.0% 37 28 - 24.3%
Days on Market Until Sale 65 57 - 12.3%89 48 - 46.1%
All MLS —All MLS — Local Market Update – August 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Upper Charleston PeninsulaAugust Year
Percent of Original List Price Received*94.5% 96.7% + 2.3%94.1% 97.3% + 3.4%
Percent Change 20212022 Percent Change
Percent Change
Key Metrics 20212022 Change 20212022
* 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 AttachedDowntown Charleston — Downtown Charleston — Current as of September 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $1,400,000$1,200,000$1,000,000$800,000$600,000$400,000$200,000$01-20121-20141-20161-20181-20201-2022 Single-Family Detached $700,000$600,000$500,000$400,000$300,000$200,000$100,0001-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
Average Sales Price* $797,545 $799,500 + 0.2%$612,016 $760,955 + 24.3%
Inventory of Homes for Sale 39 28 - 28.2%
Median Sales Price* $348,000 $575,000 + 65.2%$455,000 $423,000 - 7.0%
Single-Family Detached
Closed Sales 25 17 - 32.0%285 195 - 31.6%
Days on Market Until Sale 77 86 + 11.7%98 57 - 41.8%
Date * 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. Area 52 August Year to Date * 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 AttachedUpperCharleston Peninsula — Upper Charleston Peninsula — Current as of September 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $700,000$600,000$500,000$400,000$300,000$200,000$100,0001-20121-20141-20161-20181-20201-2022 Single-Family Detached $500,000$400,000$300,000$200,000$100,0001-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
20212022 Percent Change 20212022 Percent Change
Percent of Original List Price Received*96.5% 95.8% - 0.7%96.1% 98.5% + 2.5%
Average Sales Price* $682,827 $636,400 - 6.8%$806,882 $893,610 + 10.7%
Average Sales Price* $429,925 $575,000 + 33.7%$541,596 $469,883 - 13.2%
Percent of Original List Price Received*96.1% 93.1% - 3.1%94.2% 97.5% + 3.5%
* 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. Area 51 August
Median Sales Price* $543,500 $642,950 + 18.3%$649,500 $650,000 + 0.1%
Key Metrics 20212022
Percent Change
Days on Market Until Sale 26 22 - 15.4%33 61 + 84.8%
Percent
Median Sales Price* $650,000 $655,000 + 0.8%$599,900 $650,000 + 8.4%
Inventory of Homes for Sale 11 5 - 54.5% to
New Listings 30 23 - 23.3%304 223 - 26.6%
Inventory of Homes for Sale 89 46 - 48.3%
Key Metrics
2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Downtown CharlestonAugust
Single-Family Detached
New Listings 39 32 - 17.9%303 244 - 19.5% Closed Sales 26 16 - 38.5%236 211 - 10.6%
All MLS —All MLS — Local
20212022 Percent Change
Year to Date Year to Date
Key Metrics 20212022 Percent Change 20212022
Year to Date Year to Date
* 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. Area 42 August
Date * 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. Area 41 August Year to Date * 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 AttachedUpper Mount Pleasant — Upper Mount Pleasant — Current as of September 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $800,000$700,000$600,000$500,000$400,000$300,000$200,000$100,0001-20121-20141-20161-20181-20201-2022 Single-Family Detached $500,000$400,000$300,000$200,000$100,0001-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
Percent of Original List Price Received*99.8% 97.6% - 2.2%99.8% 101.1% + 1.3%
Closed Sales 74 55 - 25.7%686 513 - 25.2%
Percent of Original List Price Received*101.5% 100.2% - 1.3%100.9% 101.8% + 0.9%
Percent Change
Percent Change
Inventory of Homes for Sale 21 30 + 42.9%-Update to
All MLS —All MLS — Local
Percent of Original List Price Received*98.5% 96.8% - 1.7%98.8% 100.2% + 1.4%
–
Closed Sales 53 22 - 58.5%389 247 - 36.5%
Median Sales Price* $655,000 $800,000 + 22.1%$627,161 $808,000 + 28.8%
Average Sales Price* $743,792 $984,420 + 32.4%$710,483 $918,659 + 29.3%
Average Sales Price* $926,874 $930,536 + 0.4%$889,895 $1,161,693 + 30.5%
* 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 AttachedLower Mount Pleasant — Lower Mount Pleasant — Current as of September 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $1,000,000$800,000$600,000$400,000$200,000$01-20121-20141-20161-20181-20201-2022 Single-Family Detached $400,000$350,000$300,000$250,000$200,000$150,000$100,0001-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
New Listings 25 32 + 28.0%257 261 + 1.6%
Closed Sales 28 32 + 14.3%237 230 - 3.0%
Days on Market Until Sale 7 11 + 57.1%14 11 - 21.4%
New Listings 109 101 - 7.3%981 853 - 13.0%
2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Lower Mount PleasantAugust
Single-Family Detached
Key Metrics 20212022 20212022
Key Metrics 20212022 20212022
Percent Change
Days on Market Until Sale 20 18 - 10.0%24 12 - 50.0%
Key
Inventory of Homes for Sale 35 25 - 28.6% Market Update August
Inventory of Homes for Sale 68 81 + 19.1%--
Metrics 20212022 Percent Change 20212022 Percent Change
Percent of Original List Price Received*101.8% 97.3% - 4.4%100.9% 100.8% - 0.1%
Average Sales Price* $379,365 $463,650 + 22.2%$337,899 $427,004 + 26.4%
Days on Market Until Sale 19 19 0.0% 23 10 - 56.5%
Median Sales Price* $780,470 $715,000 - 8.4%$725,000 $899,000 + 24.0%
Median Sales Price* $315,000 $410,000 + 30.2%$301,111 $387,500 + 28.7%
All MLS —All MLS — Local Market
– August 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Upper Mount PleasantAugust Year
Inventory of Homes for Sale 84 141 + 67.9%--
Median Sales Price* $382,547 $491,250 + 28.4%$335,000 $418,943 + 25.1%
New Listings 70 22 - 68.6%442 271 - 38.7%
Average Sales Price* $454,590 $492,250 + 8.3%$408,679 $513,872 + 25.7%
Percent Change
Single-Family Detached
Days on Market Until Sale 13 13 0.0% 17 12 - 29.4%
Closed Sales 113 72 - 36.3%912 650 - 28.7%
Percent Change
New Listings 84 58 - 31.0%727 636 - 12.5%
Percent of Original List Price Received*0.0% 0.0% 83.2% 90.9% + 9.3%
Date * 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. Area 43 August Year to Date * 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 Sullivan's Island — Sullivan's Island — Current as of September 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $4,000,000$3,000,000$2,000,000$1,000,000$01-20121-20141-20161-20181-20201-2022 Single-Family Detached $4,000,000$3,000,000$2,000,000$1,000,000$01-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
0
Percent of Original List Price Received*100.0% 97.6% - 2.4%98.0% 98.8% + 0.8%
Closed Sales 4 2 - 50.0%36 25 - 30.6%
Percent
Percent
Average Sales Price* $979,875 $959,917 - 2.0%$744,217 $979,640 + 31.6%
New Listings 7 11 + 57.1%88 98 + 11.4%
Single-Family Detached
of Palms August
Median Sales Price* $4,131,500 $6,500,000 + 57.3%$3,094,388 $4,500,000 + 45.4%
Median Sales Price* $0 $0 --$580,000 $1,812,500 + 212.5%
* 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. Areas 44 & 45 August
Average Sales Price* $3,921,750 $6,500,000 + 65.7%$3,364,160 $4,640,965 + 38.0%
Median Sales Price* $924,750 $1,004,500 + 8.6%$718,000 $880,000 + 22.6%
New Listings 5 5 0.0% 47 40 - 14.9%
Closed Sales 4 12 + 200.0%84 67 - 20.2%
Days on Market Until Sale 177 7 - 96.0%75 29 - 61.3%
Days on Market Until Sale 54 54 0.0% 80 33 - 58.8%
20212022 Percent Change 20212022 Percent Change
New Listings 0 0 5 2 - 60.0%
Median Sales Price* $1,517,500 $2,097,500 + 38.2%$1,700,000 $2,000,000 + 17.6%
* 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 Isle of Palms — Isle of Palms — Current as of September 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $2,000,000$1,500,000$1,000,000$500,000$01-20121-20141-20161-20181-20201-2022 Single-Family Detached $1,000,000$800,000$600,000$400,000$200,000$01-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
Average Sales Price* $0 $0 --$578,333 $1,678,125 + 190.2%
Days on Market Until Sale 0 23 49 + 113.0% Update Year to
Closed Sales 0 0 3 4 + 33.3%
Inventory of Homes for Sale 1 0 - 100.0%-All MLS —All MLS — Local Market
Single-Family Detached
Key Metrics 20212022 Change 20212022 Change
20212022 Percent Change 20212022 Percent Change
Days on Market Until Sale 22 25 + 13.6%30 25 - 16.7%
Metrics 20212022 Percent Change 20212022 Percent Change
Inventory of Homes for Sale 43 53 + 23.3%--
Inventory of Homes for Sale 27 28 + 3.7%
Key
All MLS —All MLS — Local Market Update – August 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS®
Isle Year to Date Year to Date
Average Sales Price* $1,649,102 $2,128,333 + 29.1%$1,981,451 $2,301,232 + 16.1%
Closed Sales 22 12 - 45.5%198 125 - 36.9%
Key Metrics
Percent of Original List Price Received*95.6% 88.3% - 7.6%96.3% 94.4% - 2.0%
Inventory of Homes for Sale 15 12 - 20.0%
Key Metrics
– August 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Sullivan's Island August
New Listings 29 18 - 37.9%236 174 - 26.3%
Percent of Original List Price Received*96.2% 89.7% - 6.8%97.1% 97.0% - 0.1%
Key
Days on Market Until Sale 14 23 + 64.3%20 14 - 30.0%
Key Metrics 20212022
Island
* 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 James Island — James Island — Current as of September 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $600,000$500,000$400,000$300,000$200,000$100,0001-20121-20141-20161-20181-20201-2022 Single-Family Detached $350,000$300,000$250,000$200,000$150,000$100,0001-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
Days on Market Until Sale 12 13 + 8.3% 18 13 - 27.8%
Key Metrics 20212022 Percent Change 20212022 Percent Change
* 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. Areas 11 & 12 August Year to Date * 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 AttachedWest Ashley Area — West Ashley Area — Current as of September 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $500,000$400,000$300,000$200,000$100,0001-20121-20141-20161-20181-20201-2022 Single-Family Detached $350,000$300,000$250,000$200,000$150,000$100,0001-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
Closed Sales 65 48 - 26.2%493 415 - 15.8%
Percent
Closed Sales 110 108 - 1.8%922 971 + 5.3%
Median Sales Price* $413,000 $439,500 + 6.4%$382,500 $445,000 + 16.3%
Closed Sales 45 36 - 20.0%363 316 - 12.9%
All MLS —All MLS — Local
Average Sales Price* $265,809 $308,042 + 15.9%$239,538 $308,306 + 28.7%
Percent of Original List Price Received*98.9% 98.3% - 0.6%99.5% 100.9% + 1.4%
New Listings 60 30 - 50.0%415 325 - 21.7%
August Year to Date Year to Date
Percent of Original List Price Received*99.2% 96.4% - 2.8%99.1% 100.6% + 1.5%
Inventory of Homes for Sale 19 5 - 73.7% Market Update – August 2022
Days on Market Until Sale 5 8 + 60.0%22 9 - 59.1%
Inventory of Homes for Sale 42 67 + 59.5%--
2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® West Ashley Area August
* 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. Area 21 August
Key Metrics 20212022 Change 20212022
Single-Family Detached
New Listings 158 103 - 34.8%1,115 1,093 - 2.0%
New Listings 59 58 - 1.7%551 494 - 10.3%
Average Sales Price* $237,050 $274,235 + 15.7%$241,032 $299,053 + 24.1%
Median Sales Price* $450,000 $545,000 + 21.1%$450,000 $562,500 + 25.0%
20212022 Percent Change
Single-Family Detached
New Listings 30 19 - 36.7%219 192 - 12.3%
Closed Sales 18 23 + 27.8%198 179 - 9.6%
Average Sales Price* $567,155 $659,782 + 16.3%$548,533 $637,562 + 16.2%
Percent of Original List Price Received*100.5% 100.2% - 0.3%99.4% 102.2% + 2.8%
Metrics 20212022 Percent Change 20212022 Percent Change
All MLS —All MLS — Local
James
Percent Change
Average Sales Price* $468,032 $504,749 + 7.8%$441,125 $501,417 + 13.7%
Inventory of Homes for Sale 138 109 - 21.0%
Percent of Original List Price Received*101.3% 100.6% - 0.7%100.2% 102.3% + 2.1%
Days on Market Until Sale 6 7 + 16.7%17 11 - 35.3%
Inventory of Homes for Sale 39 23 - 41.0% Market Update – August Year to Date
A Research Tool Provided by the Charleston Trident Association of REALTORS®
Median Sales Price* $199,250 $260,000 + 30.5%$222,750 $279,900 + 25.7%
Percent Change
Median Sales Price* $260,000 $299,500 + 15.2%$245,000 $319,250 + 30.3%
132 East Bay Street, Charleston, SC 29401 309 Coleman Boulevard, Mount Pleasant, SC 29464 843.628.0008 | TheCassinaGroup.com FOLLOW THE CASSINA GROUP
