FEBRUARY 2022
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 – February 2022
Local Market Update – February 2022
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 February
Single-Family Detached
Year to Date
February
Single-Family Detached
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
27
21
- 22.2%
70
40
- 42.9%
New Listings
22
28
+ 27.3%
47
54
+ 14.9%
Closed Sales
35
27
- 22.9%
62
44
- 29.0%
Closed Sales
15
16
+ 6.7%
31
36
+ 16.1%
Median Sales Price*
$870,000
$885,000
+ 1.7%
$960,688
$882,500
- 8.1%
Median Sales Price*
$580,000
$637,500
+ 9.9%
$560,000
$623,000
+ 11.3%
Average Sales Price*
$1,219,275
$1,453,019
+ 19.2%
$1,438,155
$1,397,170
- 2.8%
Average Sales Price*
$649,473
$630,938
- 2.9%
$604,335
$659,194
+ 9.1%
93.1%
96.5%
+ 3.7%
92.7%
96.2%
+ 3.8%
Percent of Original List Price Received*
95.4%
97.0%
+ 1.7%
94.9%
96.7%
+ 1.9%
Days on Market Until Sale
142
73
- 48.6%
129
58
- 55.0%
Days on Market Until Sale
51
53
+ 3.9%
50
61
+ 22.0%
Inventory of Homes for Sale
124
29
- 76.6%
--
--
--
Inventory of Homes for Sale
62
19
- 69.4%
--
--
--
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
February
Year to Date
February
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
39
43
+ 10.3%
77
62
- 19.5%
New Listings
3
0
- 100.0%
5
2
- 60.0%
Closed Sales
19
24
+ 26.3%
29
39
+ 34.5%
Closed Sales
2
4
+ 100.0%
2
7
+ 250.0%
Median Sales Price*
$615,000
$710,000
+ 15.4%
$649,000
$650,000
+ 0.2%
Median Sales Price*
$407,500
$675,000
+ 65.6%
$407,500
$475,000
+ 16.6%
Average Sales Price*
$671,887
$929,146
+ 38.3%
$783,064
$884,269
+ 12.9%
Average Sales Price*
$407,500
$772,500
+ 89.6%
$407,500
$609,286
+ 49.5%
90.8%
98.2%
+ 8.1%
90.6%
96.6%
+ 6.6%
Percent of Original List Price Received*
99.0%
100.6%
+ 1.6%
99.0%
95.6%
- 3.4%
Days on Market Until Sale
189
66
- 65.1%
172
77
- 55.2%
Days on Market Until Sale
54
52
- 3.7%
54
170
+ 214.8%
Inventory of Homes for Sale
151
40
- 73.5%
--
--
--
Inventory of Homes for Sale
7
6
- 14.3%
--
--
--
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.
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 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of March 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.
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of March 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.
Local Market Update – February 2022
Local Market Update – February 2022
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 February
Single-Family Detached
Year to Date
February
Single-Family Detached
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
90
72
- 20.0%
156
131
- 16.0%
New Listings
117
83
- 29.1%
241
141
- 41.5%
Closed Sales
78
48
- 38.5%
144
85
- 41.0%
Closed Sales
87
56
- 35.6%
171
105
- 38.6%
Median Sales Price*
$659,237
$832,500
+ 26.3%
$657,000
$767,500
+ 16.8%
Median Sales Price*
$540,000
$745,931
+ 38.1%
$584,000
$755,000
+ 29.3%
Average Sales Price*
$820,876
$1,376,748
+ 67.7%
$795,519
$1,160,239
+ 45.8%
Average Sales Price*
$657,747
$832,530
+ 26.6%
$665,797
$836,016
+ 25.6%
96.8%
99.5%
+ 2.8%
96.5%
98.7%
+ 2.3%
Percent of Original List Price Received*
98.3%
100.9%
+ 2.6%
98.7%
100.6%
+ 1.9%
Days on Market Until Sale
40
15
- 62.5%
42
16
- 61.9%
Days on Market Until Sale
37
23
- 37.8%
31
20
- 35.5%
Inventory of Homes for Sale
76
26
- 65.8%
--
--
--
Inventory of Homes for Sale
77
36
- 53.2%
--
--
--
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
February
Year to Date
February
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
55
39
- 29.1%
100
72
- 28.0%
New Listings
35
29
- 17.1%
65
54
- 16.9%
Closed Sales
35
30
- 14.3%
63
59
- 6.3%
Closed Sales
27
20
- 25.9%
48
50
+ 4.2%
Median Sales Price*
$287,000
$365,000
+ 27.2%
$287,000
$375,000
+ 30.7%
Median Sales Price*
$324,000
$320,500
- 1.1%
$321,250
$306,000
- 4.7%
Average Sales Price*
$446,534
$429,232
- 3.9%
$403,513
$470,987
+ 16.7%
Average Sales Price*
$311,147
$354,685
+ 14.0%
$309,237
$349,257
+ 12.9%
97.1%
102.6%
+ 5.7%
97.0%
101.7%
+ 4.8%
Percent of Original List Price Received*
98.5%
103.5%
+ 5.1%
98.3%
102.9%
+ 4.7%
Days on Market Until Sale
62
6
- 90.3%
56
11
- 80.4%
Days on Market Until Sale
22
14
- 36.4%
34
21
- 38.2%
Inventory of Homes for Sale
29
9
- 69.0%
--
--
--
Inventory of Homes for Sale
21
6
- 71.4%
--
--
--
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 $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 —
Single-Family Detached All MLS — Lower Mount Pleasant —
$350,000
$700,000 $300,000 $600,000
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
All MLS — Upper Mount Pleasant —
$400,000
$600,000
$350,000
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$250,000
$500,000 $400,000
$200,000
$300,000 $150,000
$200,000 $100,000 1-2012
$700,000
Rolling 12-Month Calculation
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of March 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.
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of March 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.
Local Market Update – February 2022
Local Market Update – February 2022
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 February
Single-Family Detached
Year to Date
February
Single-Family Detached
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
28
20
- 28.6%
46
38
- 17.4%
New Listings
6
8
+ 33.3%
10
11
+ 10.0%
Closed Sales
21
17
- 19.0%
37
31
- 16.2%
Closed Sales
4
4
0.0%
9
4
- 55.6%
Median Sales Price*
$1,550,000
$1,750,000
+ 12.9%
$1,320,000
$1,425,000
+ 8.0%
Median Sales Price*
$3,799,500
$2,831,500
- 25.5%
$3,188,775
$2,831,500
- 11.2%
Average Sales Price*
$1,645,952
$2,032,659
+ 23.5%
$1,726,905
$1,728,791
+ 0.1%
Average Sales Price*
$3,979,750
$2,697,000
- 32.2%
$3,395,308
$2,697,000
- 20.6%
96.5%
98.7%
+ 2.3%
95.0%
98.1%
+ 3.3%
Percent of Original List Price Received*
95.3%
88.8%
- 6.8%
96.0%
88.8%
- 7.5%
Days on Market Until Sale
31
12
- 61.3%
47
18
- 61.7%
Days on Market Until Sale
32
43
+ 34.4%
82
43
- 47.6%
Inventory of Homes for Sale
30
18
- 40.0%
--
--
--
Inventory of Homes for Sale
12
7
- 41.7%
--
--
--
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.
* 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
February
Year to Date
February
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
10
7
- 30.0%
20
13
- 35.0%
New Listings
2
0
- 100.0%
3
0
- 100.0%
Closed Sales
11
10
- 9.1%
26
12
- 53.8%
Closed Sales
0
1
--
0
2
--
Median Sales Price*
$740,000
$677,500
- 8.4%
$718,000
$677,500
- 5.6%
Median Sales Price*
$0
$2,100,000
--
$0
$1,812,500
--
Average Sales Price*
$755,445
$846,600
+ 12.1%
$743,587
$911,750
+ 22.6%
Average Sales Price*
$0
$2,100,000
--
$0
$1,812,500
--
96.9%
95.8%
- 1.1%
94.3%
95.7%
+ 1.5%
Percent of Original List Price Received*
0.0%
95.7%
--
0.0%
86.9%
--
Days on Market Until Sale
141
38
- 73.0%
137
37
- 73.0%
Days on Market Until Sale
0
3
--
0
67
--
Inventory of Homes for Sale
22
4
- 81.8%
--
--
--
Inventory of Homes for Sale
1
0
- 100.0%
--
--
--
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 —
$2,000,000
Single-Family Detached All MLS — Isle of Palms —
$800,000
$4,000,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Sullivan's Island —
All MLS — Sullivan's Island —
$4,000,000
$700,000 $1,500,000
$600,000
$3,000,000
$3,000,000
$2,000,000
$2,000,000
$1,000,000
$1,000,000
$500,000 $1,000,000 $400,000 $300,000
$500,000
$200,000 $0 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of March 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.
$0 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$0 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of March 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.
Local Market Update – February 2022
Local Market Update – February 2022
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 February
Single-Family Detached
Year to Date
February
Single-Family Detached
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
52
38
- 26.9%
106
96
- 9.4%
New Listings
94
128
+ 36.2%
206
256
+ 24.3%
Closed Sales
51
42
- 17.6%
91
85
- 6.6%
Closed Sales
95
112
+ 17.9%
180
205
+ 13.9%
Median Sales Price*
$400,000
$527,500
+ 31.9%
$405,000
$525,500
+ 29.8%
Median Sales Price*
$350,000
$397,238
+ 13.5%
$345,000
$395,000
+ 14.5%
Average Sales Price*
$468,572
$552,263
+ 17.9%
$474,153
$561,864
+ 18.5%
Average Sales Price*
$380,275
$440,443
+ 15.8%
$382,995
$434,376
+ 13.4%
97.6%
99.7%
+ 2.2%
97.1%
100.3%
+ 3.3%
Percent of Original List Price Received*
97.0%
99.6%
+ 2.7%
96.8%
98.8%
+ 2.1%
Days on Market Until Sale
29
34
+ 17.2%
30
24
- 20.0%
Days on Market Until Sale
31
18
- 41.9%
32
21
- 34.4%
Inventory of Homes for Sale
44
16
- 63.6%
--
--
--
Inventory of Homes for Sale
84
43
- 48.8%
--
--
--
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
February
Year to Date
February
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
17
25
+ 47.1%
34
43
+ 26.5%
New Listings
40
31
- 22.5%
81
65
- 19.8%
Closed Sales
25
14
- 44.0%
40
29
- 27.5%
Closed Sales
30
32
+ 6.7%
57
66
+ 15.8%
Median Sales Price*
$190,000
$228,250
+ 20.1%
$226,500
$250,000
+ 10.4%
Median Sales Price*
$192,500
$316,250
+ 64.3%
$195,000
$318,250
+ 63.2%
Average Sales Price*
$214,862
$236,679
+ 10.2%
$229,451
$255,121
+ 11.2%
Average Sales Price*
$212,299
$301,442
+ 42.0%
$206,519
$302,412
+ 46.4%
95.2%
101.3%
+ 6.4%
95.9%
100.1%
+ 4.4%
Percent of Original List Price Received*
98.0%
101.4%
+ 3.5%
98.0%
101.1%
+ 3.2%
Days on Market Until Sale
63
13
- 79.4%
60
23
- 61.7%
Days on Market Until Sale
28
10
- 64.3%
28
10
- 64.3%
Inventory of Homes for Sale
12
2
- 83.3%
--
--
--
Inventory of Homes for Sale
29
11
- 62.1%
--
--
--
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
* 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 —
$300,000
$500,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — West Ashley Area —
All MLS — West Ashley Area —
$300,000 $275,000
$400,000
$250,000
$400,000
$300,000
$200,000
$300,000
$250,000 $225,000 $200,000
$200,000
$175,000
$200,000
$150,000
$150,000 $100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of March 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.
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$125,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of March 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.
132 East Bay Street, Charleston, SC 29401 309 Coleman Boulevard, Mount Pleasant, SC 29464
843.628.0008 | TheCassinaGroup.com
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