JANUARY 2020
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 – January 2020
Local Market Update – January 2020
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 January
Single-Family Detached
Year to Date
January
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
39
40
+ 2.6%
39
40
+ 2.6%
New Listings
18
21
+ 16.7%
18
21
+ 16.7%
Closed Sales
10
11
+ 10.0%
10
11
+ 10.0%
Closed Sales
17
9
- 47.1%
17
9
- 47.1%
Median Sales Price*
$1,588,750
$760,000
- 52.2%
$1,588,750
$760,000
- 52.2%
Median Sales Price*
$425,500
$465,000
+ 9.3%
$425,500
$465,000
+ 9.3%
Average Sales Price*
$1,559,500
$886,818
- 43.1%
$1,559,500
$886,818
- 43.1%
Average Sales Price*
$393,176
$556,556
+ 41.6%
$393,176
$556,556
+ 41.6%
91.9%
87.3%
- 5.0%
91.9%
87.3%
- 5.0%
Percent of Original List Price Received*
89.4%
91.6%
+ 2.5%
89.4%
91.6%
+ 2.5%
Days on Market Until Sale
82
135
+ 64.6%
82
135
+ 64.6%
Days on Market Until Sale
72
49
- 31.9%
72
49
- 31.9%
Inventory of Homes for Sale
188
172
- 8.5%
--
--
--
Inventory of Homes for Sale
75
64
- 14.7%
--
--
--
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
January
Year to Date
January
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
31
34
+ 9.7%
31
34
+ 9.7%
New Listings
3
5
+ 66.7%
3
5
+ 66.7%
Closed Sales
12
12
0.0%
12
12
0.0%
Closed Sales
1
3
+ 200.0%
1
3
+ 200.0%
Median Sales Price*
$994,500
$672,000
- 32.4%
$994,500
$672,000
- 32.4%
Median Sales Price*
$264,500
$255,000
- 3.6%
$264,500
$255,000
- 3.6%
Average Sales Price*
$1,067,292
$736,917
- 31.0%
$1,067,292
$736,917
- 31.0%
Average Sales Price*
$264,500
$250,333
- 5.4%
$264,500
$250,333
- 5.4%
92.8%
86.2%
- 7.1%
92.8%
86.2%
- 7.1%
Percent of Original List Price Received*
89.8%
98.6%
+ 9.8%
89.8%
98.6%
+ 9.8%
Days on Market Until Sale
99
209
+ 111.1%
99
209
+ 111.1%
Days on Market Until Sale
132
65
- 50.8%
132
65
- 50.8%
Inventory of Homes for Sale
174
156
- 10.3%
--
--
--
Inventory of Homes for Sale
12
20
+ 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 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 —
$700,000
$1,200,000
Single-Family Detached All MLS — Downtown Charleston —
$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
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
$200,000
$200,000
$200,000
$200,000 $0 1-2010
All MLS — Upper Charleston Peninsula —
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of February 7, 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 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of February 7, 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 – January 2020
Local Market Update – January 2020
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 January
Single-Family Detached
Year to Date
January
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
85
80
- 5.9%
85
80
- 5.9%
New Listings
142
123
- 13.4%
142
123
- 13.4%
Closed Sales
34
46
+ 35.3%
34
46
+ 35.3%
Closed Sales
43
81
+ 88.4%
43
81
+ 88.4%
Median Sales Price*
$542,500
$564,000
+ 4.0%
$542,500
$564,000
+ 4.0%
Median Sales Price*
$594,440
$532,535
- 10.4%
$594,440
$532,535
- 10.4%
Average Sales Price*
$649,676
$658,211
+ 1.3%
$649,676
$658,211
+ 1.3%
Average Sales Price*
$597,016
$554,132
- 7.2%
$597,016
$554,132
- 7.2%
94.1%
94.2%
+ 0.1%
94.1%
94.2%
+ 0.1%
Percent of Original List Price Received*
96.0%
96.8%
+ 0.8%
96.0%
96.8%
+ 0.8%
Days on Market Until Sale
60
64
+ 6.7%
60
64
+ 6.7%
Days on Market Until Sale
60
68
+ 13.3%
60
68
+ 13.3%
Inventory of Homes for Sale
252
210
- 16.7%
--
--
--
Inventory of Homes for Sale
427
289
- 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
January
Year to Date
January
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
32
41
+ 28.1%
32
41
+ 28.1%
New Listings
39
35
- 10.3%
39
35
- 10.3%
Closed Sales
13
12
- 7.7%
13
12
- 7.7%
Closed Sales
18
13
- 27.8%
18
13
- 27.8%
Median Sales Price*
$287,500
$227,250
- 21.0%
$287,500
$227,250
- 21.0%
Median Sales Price*
$339,500
$270,000
- 20.5%
$339,500
$270,000
- 20.5%
Average Sales Price*
$441,708
$233,654
- 47.1%
$441,708
$233,654
- 47.1%
Average Sales Price*
$336,461
$293,998
- 12.6%
$336,461
$293,998
- 12.6%
95.8%
97.6%
+ 1.9%
95.8%
97.6%
+ 1.9%
Percent of Original List Price Received*
94.1%
97.2%
+ 3.3%
94.1%
97.2%
+ 3.3%
Days on Market Until Sale
55
40
- 27.3%
55
40
- 27.3%
Days on Market Until Sale
73
84
+ 15.1%
73
84
+ 15.1%
Inventory of Homes for Sale
98
81
- 17.3%
--
--
--
Inventory of Homes for Sale
105
75
- 28.6%
--
--
--
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 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 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$120,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of February 7, 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 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of February 7, 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 – January 2020
Local Market Update – January 2020
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 January
Single-Family Detached
Year to Date
January
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
37
22
- 40.5%
37
22
- 40.5%
New Listings
9
4
- 55.6%
9
4
- 55.6%
Closed Sales
7
10
+ 42.9%
7
10
+ 42.9%
Closed Sales
4
3
- 25.0%
4
3
- 25.0%
Median Sales Price*
$910,000
$940,000
+ 3.3%
$910,000
$940,000
+ 3.3%
Median Sales Price*
$1,663,438
$3,100,000
+ 86.4%
$1,663,438
$3,100,000
+ 86.4%
Average Sales Price*
$1,259,286
$1,025,550
- 18.6%
$1,259,286
$1,025,550
- 18.6%
Average Sales Price*
$1,605,969
$2,833,333
+ 76.4%
$1,605,969
$2,833,333
+ 76.4%
93.3%
90.5%
- 3.0%
93.3%
90.5%
- 3.0%
Percent of Original List Price Received*
87.5%
93.7%
+ 7.1%
87.5%
93.7%
+ 7.1%
Days on Market Until Sale
69
123
+ 78.3%
69
123
+ 78.3%
Days on Market Until Sale
82
74
- 9.8%
82
74
- 9.8%
Inventory of Homes for Sale
142
116
- 18.3%
--
--
--
Inventory of Homes for Sale
30
17
- 43.3%
--
--
--
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
January
Year to Date
January
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
14
11
- 21.4%
14
11
- 21.4%
New Listings
0
0
--
0
0
--
Closed Sales
1
6
+ 500.0%
1
6
+ 500.0%
Closed Sales
1
1
0.0%
1
1
0.0%
Median Sales Price*
$422,000
$777,500
+ 84.2%
$422,000
$777,500
+ 84.2%
Median Sales Price*
$1,770,000
$1,600,000
- 9.6%
$1,770,000
$1,600,000
- 9.6%
Average Sales Price*
$422,000
$846,389
+ 100.6%
$422,000
$846,389
+ 100.6%
Average Sales Price*
$1,770,000
$1,600,000
- 9.6%
$1,770,000
$1,600,000
- 9.6%
95.9%
92.6%
- 3.4%
95.9%
92.6%
- 3.4%
94.4%
87.7%
- 7.1%
94.4%
87.7%
- 7.1%
Days on Market Until Sale
49
149
+ 204.1%
49
149
+ 204.1%
195
516
+ 164.6%
195
516
+ 164.6%
Inventory of Homes for Sale
71
68
- 4.2%
--
--
--
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
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached
All MLS — Isle of Palms —
$1,200,000
Days on Market Until Sale Inventory of Homes for Sale
* 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
Percent of Original List Price Received*
Single-Family Detached All MLS — Isle of Palms —
$700,000
$1,000,000
$600,000
$800,000
$500,000
$2,500,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Sullivan's Island —
All MLS — Sullivan's Island —
$4,000,000
$2,000,000 $3,000,000 $1,500,000
$600,000
$400,000
$2,000,000 $1,000,000
$400,000
$300,000
$200,000
$200,000
$0 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
$1,000,000
$500,000
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of February 7, 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 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$0 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of February 7, 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 – January 2020
Local Market Update – January 2020
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 January
Single-Family Detached
Year to Date
January
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
82
76
- 7.3%
82
76
- 7.3%
New Listings
148
186
+ 25.7%
148
186
+ 25.7%
Closed Sales
35
50
+ 42.9%
35
50
+ 42.9%
Closed Sales
63
77
+ 22.2%
63
77
+ 22.2%
Median Sales Price*
$370,000
$354,000
- 4.3%
$370,000
$354,000
- 4.3%
Median Sales Price*
$305,000
$295,000
- 3.3%
$305,000
$295,000
- 3.3%
Average Sales Price*
$412,052
$430,983
+ 4.6%
$412,052
$430,983
+ 4.6%
Average Sales Price*
$357,634
$320,642
- 10.3%
$357,634
$320,642
- 10.3%
95.5%
94.6%
- 0.9%
95.5%
94.6%
- 0.9%
Percent of Original List Price Received*
93.7%
95.3%
+ 1.7%
93.7%
95.3%
+ 1.7%
Days on Market Until Sale
63
54
- 14.3%
63
54
- 14.3%
Days on Market Until Sale
62
48
- 22.6%
62
48
- 22.6%
Inventory of Homes for Sale
194
147
- 24.2%
--
--
--
Inventory of Homes for Sale
350
267
- 23.7%
--
--
--
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
January
Year to Date
January
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
20
24
+ 20.0%
20
24
+ 20.0%
New Listings
41
41
0.0%
41
41
0.0%
Closed Sales
12
10
- 16.7%
12
10
- 16.7%
Closed Sales
25
25
0.0%
25
25
0.0%
Median Sales Price*
$204,799
$226,000
+ 10.4%
$204,799
$226,000
+ 10.4%
Median Sales Price*
$232,500
$232,373
- 0.1%
$232,500
$232,373
- 0.1%
Average Sales Price*
$246,023
$203,240
- 17.4%
$246,023
$203,240
- 17.4%
Average Sales Price*
$217,109
$228,121
+ 5.1%
$217,109
$228,121
+ 5.1%
95.4%
95.2%
- 0.2%
95.4%
95.2%
- 0.2%
Percent of Original List Price Received*
96.2%
96.5%
+ 0.3%
96.2%
96.5%
+ 0.3%
Days on Market Until Sale
69
42
- 39.1%
69
42
- 39.1%
Days on Market Until Sale
49
57
+ 16.3%
49
57
+ 16.3%
Inventory of Homes for Sale
49
50
+ 2.0%
--
--
--
Inventory of Homes for Sale
86
74
- 14.0%
--
--
--
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 — James Island —
$400,000
Single-Family Detached All MLS — James Island —
$220,000
$350,000
$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
Townhouse-Condo Attached All MLS — West Ashley Area —
$220,000
$200,000
$300,000
$180,000
$250,000
$160,000
$200,000
$150,000 1-2010
All MLS — West Ashley Area —
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of February 7, 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 1-2010
$140,000
1-2012
1-2014
1-2016
1-2018
1-2020
$120,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of February 7, 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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