DECEMBER 2019
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 – December 2019
Local Market Update – December 2019
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 December
Single-Family Detached
Year to Date
December
Single-Family Detached
Year to Date
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
New Listings
18
12
- 33.3%
400
450
+ 12.5%
New Listings
16
17
+ 6.3%
271
274
+ 1.1%
Closed Sales
17
21
+ 23.5%
204
184
- 9.8%
Closed Sales
13
14
+ 7.7%
159
184
+ 15.7%
Median Sales Price*
$1,575,000
$950,000
- 39.7%
$999,000
$975,000
- 2.4%
Median Sales Price*
$472,500
$531,000
+ 12.4%
$481,000
$467,500
- 2.8%
Average Sales Price*
$2,057,706
$1,132,472
- 45.0%
$1,393,470
$1,384,354
- 0.7%
Average Sales Price*
$460,369
$594,929
+ 29.2%
$499,554
$497,168
- 0.5%
91.2%
89.0%
- 2.4%
91.6%
89.7%
- 2.1%
Percent of Original List Price Received*
90.0%
90.3%
+ 0.3%
93.7%
91.0%
- 2.9%
Days on Market Until Sale
86
118
+ 37.2%
88
98
+ 11.4%
Days on Market Until Sale
73
87
+ 19.2%
56
71
+ 26.8%
Inventory of Homes for Sale
176
163
- 7.4%
--
--
--
Inventory of Homes for Sale
83
69
- 16.9%
--
--
--
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
December
Year to Date
December
Year to Date
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
New Listings
15
21
+ 40.0%
401
397
- 1.0%
New Listings
1
1
0.0%
50
40
- 20.0%
Closed Sales
27
17
- 37.0%
204
172
- 15.7%
Closed Sales
2
2
0.0%
29
20
- 31.0%
Median Sales Price*
$642,500
$588,500
- 8.4%
$612,500
$603,750
- 1.4%
Median Sales Price*
$387,500
$481,750
+ 24.3%
$375,000
$291,500
- 22.3%
Average Sales Price*
$666,398
$661,056
- 0.8%
$742,101
$749,135
+ 0.9%
Average Sales Price*
$387,500
$481,750
+ 24.3%
$439,933
$396,618
- 9.8%
97.0%
91.3%
- 5.9%
95.0%
91.1%
- 4.1%
Percent of Original List Price Received*
87.6%
89.2%
+ 1.8%
94.4%
92.3%
- 2.2%
Days on Market Until Sale
38
114
+ 200.0%
71
96
+ 35.2%
Days on Market Until Sale
176
94
- 46.6%
46
105
+ 128.3%
Inventory of Homes for Sale
164
152
- 7.3%
--
--
--
Inventory of Homes for Sale
12
18
+ 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 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
1-2011
1-2013
1-2015
1-2017
1-2019
$100,000 1-2009
$200,000
$200,000
$200,000
$200,000 $0 1-2009
All MLS — Upper Charleston Peninsula —
1-2011
1-2013
1-2015
1-2017
1-2019
Current as of January 9, 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 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
$100,000 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
Current as of January 9, 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 – December 2019
Local Market Update – December 2019
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 December
Single-Family Detached
Year to Date
December
Single-Family Detached
Year to Date
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
New Listings
44
38
- 13.6%
1,122
1,148
+ 2.3%
New Listings
66
73
+ 10.6%
1,489
1,549
+ 4.0%
Closed Sales
64
49
- 23.4%
817
791
- 3.2%
Closed Sales
83
93
+ 12.0%
975
1,156
+ 18.6%
Median Sales Price*
$551,471
$640,000
+ 16.1%
$565,940
$570,000
+ 0.7%
Median Sales Price*
$570,000
$556,000
- 2.5%
$524,410
$515,000
- 1.8%
Average Sales Price*
$656,431
$849,285
+ 29.4%
$674,609
$696,678
+ 3.3%
Average Sales Price*
$599,789
$595,992
- 0.6%
$575,387
$569,684
- 1.0%
96.2%
91.3%
- 5.1%
95.4%
94.1%
- 1.4%
Percent of Original List Price Received*
96.9%
97.2%
+ 0.3%
96.3%
96.6%
+ 0.3%
Days on Market Until Sale
51
101
+ 98.0%
51
65
+ 27.5%
Days on Market Until Sale
53
64
+ 20.8%
72
71
- 1.4%
Inventory of Homes for Sale
245
223
- 9.0%
--
--
--
Inventory of Homes for Sale
396
268
- 32.3%
--
--
--
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
December
Year to Date
December
Year to Date
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
New Listings
27
19
- 29.6%
468
402
- 14.1%
New Listings
26
14
- 46.2%
481
426
- 11.4%
Closed Sales
23
28
+ 21.7%
352
329
- 6.5%
Closed Sales
23
20
- 13.0%
354
326
- 7.9%
Median Sales Price*
$197,500
$245,000
+ 24.1%
$240,000
$248,000
+ 3.3%
Median Sales Price*
$319,500
$327,000
+ 2.3%
$317,815
$305,000
- 4.0%
Average Sales Price*
$344,647
$320,384
- 7.0%
$341,605
$341,550
- 0.0%
Average Sales Price*
$313,145
$313,687
+ 0.2%
$301,538
$293,972
- 2.5%
92.9%
96.6%
+ 4.0%
96.5%
95.8%
- 0.7%
Percent of Original List Price Received*
95.3%
96.1%
+ 0.8%
97.2%
96.3%
- 0.9%
Days on Market Until Sale
51
47
- 7.8%
48
53
+ 10.4%
Days on Market Until Sale
67
80
+ 19.4%
50
65
+ 30.0%
Inventory of Homes for Sale
107
77
- 28.0%
--
--
--
Inventory of Homes for Sale
101
67
- 33.7%
--
--
--
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 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
$120,000 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
Current as of January 9, 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 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
$100,000 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
Current as of January 9, 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 – December 2019
Local Market Update – December 2019
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 December
Single-Family Detached
Year to Date
December
Single-Family Detached
Year to Date
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
New Listings
16
20
+ 25.0%
293
305
+ 4.1%
New Listings
3
2
- 33.3%
90
65
- 27.8%
Closed Sales
12
17
+ 41.7%
182
181
- 0.5%
Closed Sales
3
3
0.0%
62
51
- 17.7%
Median Sales Price*
$987,500
$800,000
- 19.0%
$956,250
$1,062,500
+ 11.1%
Median Sales Price*
$1,600,000
$1,880,000
+ 17.5%
$1,981,800
$2,135,000
+ 7.7%
Average Sales Price*
$1,127,125
$1,355,524
+ 20.3%
$1,239,409
$1,414,614
+ 14.1%
Average Sales Price*
$1,475,000
$2,021,667
+ 37.1%
$2,163,784
$2,291,037
+ 5.9%
85.2%
88.8%
+ 4.2%
91.5%
91.2%
- 0.3%
Percent of Original List Price Received*
96.2%
87.7%
- 8.8%
93.6%
87.8%
- 6.2%
Days on Market Until Sale
89
140
+ 57.3%
111
114
+ 2.7%
Days on Market Until Sale
44
92
+ 109.1%
79
114
+ 44.3%
Inventory of Homes for Sale
129
115
- 10.9%
--
--
--
Inventory of Homes for Sale
27
17
- 37.0%
--
--
--
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
December
Year to Date
December
Year to Date
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
New Listings
8
6
- 25.0%
129
146
+ 13.2%
New Listings
0
0
--
6
3
- 50.0%
Closed Sales
5
6
+ 20.0%
93
83
- 10.8%
Closed Sales
0
0
--
2
3
+ 50.0%
Median Sales Price*
$405,000
$647,500
+ 59.9%
$545,000
$494,500
- 9.3%
Median Sales Price*
$0
$0
--
$487,500
$1,735,000
+ 255.9%
Average Sales Price*
$458,200
$720,833
+ 57.3%
$591,943
$567,534
- 4.1%
Average Sales Price*
$0
$0
--
$487,500
$1,397,500
+ 186.7%
95.5%
88.1%
- 7.7%
94.1%
94.4%
+ 0.3%
Percent of Original List Price Received*
0.0%
0.0%
--
97.5%
96.5%
- 1.0%
Days on Market Until Sale
97
191
+ 96.9%
103
106
+ 2.9%
Days on Market Until Sale
0
0
--
13
170
+ 1,207.7%
Inventory of Homes for Sale
65
75
+ 15.4%
--
--
--
Inventory of Homes for Sale
3
1
- 66.7%
--
--
--
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
$1,000,000
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
$1,000,000
$800,000
Rolling 12-Month Calculation All MLS — Sullivan's Island —
$2,500,000
All MLS — Sullivan's Island —
$4,000,000
$2,000,000 $3,000,000
$800,000 $1,500,000
$600,000 $600,000
$2,000,000 $400,000
$1,000,000
$200,000
$500,000
$400,000
$200,000
$0 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
$0 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
Current as of January 9, 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 1-2009
$1,000,000
1-2011
1-2013
1-2015
1-2017
1-2019
$0 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
Current as of January 9, 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 – December 2019
Local Market Update – December 2019
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 December
Single-Family Detached
Year to Date
December
Single-Family Detached
Year to Date
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
New Listings
38
34
- 10.5%
916
999
+ 9.1%
New Listings
58
74
+ 27.6%
1,745
1,784
+ 2.2%
Closed Sales
36
57
+ 58.3%
700
716
+ 2.3%
Closed Sales
78
107
+ 37.2%
1,346
1,308
- 2.8%
Median Sales Price*
$370,000
$355,000
- 4.1%
$370,620
$360,000
- 2.9%
Median Sales Price*
$307,450
$295,000
- 4.0%
$309,220
$315,000
+ 1.9%
Average Sales Price*
$426,781
$413,204
- 3.2%
$435,311
$439,468
+ 1.0%
Average Sales Price*
$362,352
$309,753
- 14.5%
$345,203
$338,382
- 2.0%
96.3%
95.0%
- 1.3%
96.9%
95.5%
- 1.4%
Percent of Original List Price Received*
94.4%
95.2%
+ 0.8%
96.3%
95.3%
- 1.0%
Days on Market Until Sale
48
46
- 4.2%
40
47
+ 17.5%
Days on Market Until Sale
52
49
- 5.8%
39
48
+ 23.1%
Inventory of Homes for Sale
202
145
- 28.2%
--
--
--
Inventory of Homes for Sale
332
268
- 19.3%
--
--
--
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
December
Year to Date
December
Year to Date
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
Key Metrics
2018
2019
Percent Change
2018
2019
Percent Change
New Listings
11
17
+ 54.5%
248
282
+ 13.7%
New Listings
26
22
- 15.4%
516
596
+ 15.5%
Closed Sales
7
13
+ 85.7%
196
234
+ 19.4%
Closed Sales
23
33
+ 43.5%
428
487
+ 13.8%
Median Sales Price*
$196,000
$187,000
- 4.6%
$195,000
$209,950
+ 7.7%
Median Sales Price*
$192,500
$193,000
+ 0.3%
$185,000
$208,000
+ 12.4%
Average Sales Price*
$178,557
$188,019
+ 5.3%
$197,159
$222,326
+ 12.8%
Average Sales Price*
$195,449
$191,982
- 1.8%
$185,260
$206,662
+ 11.6%
94.5%
93.7%
- 0.8%
96.5%
97.1%
+ 0.6%
Percent of Original List Price Received*
97.2%
95.5%
- 1.7%
97.4%
97.1%
- 0.3%
Days on Market Until Sale
40
68
+ 70.0%
48
40
- 16.7%
Days on Market Until Sale
36
47
+ 30.6%
37
45
+ 21.6%
Inventory of Homes for Sale
51
48
- 5.9%
--
--
--
Inventory of Homes for Sale
96
86
- 10.4%
--
--
--
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
* 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
$350,000
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
$220,000
All MLS — West Ashley Area —
$325,000
$200,000
$300,000
$180,000
$275,000
$160,000
$250,000
$140,000
$225,000
$120,000
$200,000
Rolling 12-Month Calculation
$220,000
$200,000
$300,000
$180,000
$250,000
$160,000
$200,000
$150,000 1-2009
All MLS — West Ashley Area —
1-2011
1-2013
1-2015
1-2017
1-2019
$100,000 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
Current as of January 9, 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 1-2009
$140,000
1-2011
1-2013
1-2015
1-2017
1-2019
$120,000 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
Current as of January 9, 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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