JANUARY 2022
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 – January 2022
Local Market Update – January 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 January
Single-Family Detached
Year to Date
January
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
43
19
- 55.8%
43
19
- 55.8%
New Listings
25
25
0.0%
25
25
0.0%
Closed Sales
27
17
- 37.0%
27
17
- 37.0%
Closed Sales
16
19
+ 18.8%
16
19
+ 18.8%
Median Sales Price*
$1,425,000
$880,000
- 38.2%
$1,425,000
$880,000
- 38.2%
Median Sales Price*
$507,500
$620,000
+ 22.2%
$507,500
$620,000
+ 22.2%
Average Sales Price*
$1,721,889
$1,308,471
- 24.0%
$1,721,889
$1,308,471
- 24.0%
Average Sales Price*
$562,019
$691,632
+ 23.1%
$562,019
$691,632
+ 23.1%
92.2%
95.7%
+ 3.8%
92.2%
95.7%
+ 3.8%
Percent of Original List Price Received*
94.5%
96.2%
+ 1.8%
94.5%
96.2%
+ 1.8%
Days on Market Until Sale
112
35
- 68.8%
112
35
- 68.8%
Days on Market Until Sale
50
70
+ 40.0%
50
70
+ 40.0%
Inventory of Homes for Sale
158
38
- 75.9%
--
--
--
Inventory of Homes for Sale
73
18
- 75.3%
--
--
--
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
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
38
19
- 50.0%
38
19
- 50.0%
New Listings
2
2
0.0%
2
2
0.0%
Closed Sales
10
15
+ 50.0%
10
15
+ 50.0%
Closed Sales
0
3
--
0
3
--
Median Sales Price*
$695,000
$599,000
- 13.8%
$695,000
$599,000
- 13.8%
Median Sales Price*
$0
$295,000
--
$0
$295,000
--
Average Sales Price*
$994,300
$812,467
- 18.3%
$994,300
$812,467
- 18.3%
Average Sales Price*
$0
$391,667
--
$0
$391,667
--
90.3%
93.9%
+ 4.0%
90.3%
93.9%
+ 4.0%
Percent of Original List Price Received*
0.0%
88.9%
--
0.0%
88.9%
--
Days on Market Until Sale
139
95
- 31.7%
139
95
- 31.7%
Days on Market Until Sale
0
329
--
0
329
--
Inventory of Homes for Sale
159
54
- 66.0%
--
--
--
Inventory of Homes for Sale
5
6
+ 20.0%
--
--
--
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 —
$700,000
$1,200,000
Single-Family Detached All MLS — Downtown Charleston —
$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 February 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 February 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 – January 2022
Local Market Update – January 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 January
Single-Family Detached
Year to Date
January
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
66
59
- 10.6%
66
59
- 10.6%
New Listings
124
57
- 54.0%
124
57
- 54.0%
Closed Sales
66
37
- 43.9%
66
37
- 43.9%
Closed Sales
84
48
- 42.9%
84
48
- 42.9%
Median Sales Price*
$630,000
$680,000
+ 7.9%
$630,000
$680,000
+ 7.9%
Median Sales Price*
$612,785
$755,500
+ 23.3%
$612,785
$755,500
+ 23.3%
Average Sales Price*
$765,553
$879,361
+ 14.9%
$765,553
$879,361
+ 14.9%
Average Sales Price*
$674,135
$822,854
+ 22.1%
$674,135
$822,854
+ 22.1%
96.1%
97.7%
+ 1.7%
96.1%
97.7%
+ 1.7%
Percent of Original List Price Received*
99.1%
100.3%
+ 1.2%
99.1%
100.3%
+ 1.2%
Days on Market Until Sale
45
17
- 62.2%
45
17
- 62.2%
Days on Market Until Sale
25
17
- 32.0%
25
17
- 32.0%
Inventory of Homes for Sale
74
32
- 56.8%
--
--
--
Inventory of Homes for Sale
90
33
- 63.3%
--
--
--
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
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
45
33
- 26.7%
45
33
- 26.7%
New Listings
30
25
- 16.7%
30
25
- 16.7%
Closed Sales
28
29
+ 3.6%
28
29
+ 3.6%
Closed Sales
21
30
+ 42.9%
21
30
+ 42.9%
Median Sales Price*
$291,000
$568,330
+ 95.3%
$291,000
$568,330
+ 95.3%
Median Sales Price*
$295,000
$290,848
- 1.4%
$295,000
$290,848
- 1.4%
Average Sales Price*
$349,736
$514,182
+ 47.0%
$349,736
$514,182
+ 47.0%
Average Sales Price*
$306,781
$345,638
+ 12.7%
$306,781
$345,638
+ 12.7%
96.9%
100.8%
+ 4.0%
96.9%
100.8%
+ 4.0%
Percent of Original List Price Received*
98.1%
102.6%
+ 4.6%
98.1%
102.6%
+ 4.6%
Days on Market Until Sale
49
15
- 69.4%
49
15
- 69.4%
Days on Market Until Sale
49
27
- 44.9%
49
27
- 44.9%
Inventory of Homes for Sale
37
6
- 83.8%
--
--
--
Inventory of Homes for Sale
25
6
- 76.0%
--
--
--
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 $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 February 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 February 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 – January 2022
Local Market Update – January 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 January
Single-Family Detached
Year to Date
January
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
18
18
0.0%
18
18
0.0%
New Listings
4
3
- 25.0%
4
3
- 25.0%
Closed Sales
16
14
- 12.5%
16
14
- 12.5%
Closed Sales
5
0
- 100.0%
5
0
- 100.0%
Median Sales Price*
$1,172,500
$1,282,500
+ 9.4%
$1,172,500
$1,282,500
+ 9.4%
Median Sales Price*
$3,188,775
0
- 100.0%
$3,188,775
$0
- 100.0%
Average Sales Price*
$1,833,156
$1,359,807
- 25.8%
$1,833,156
$1,359,807
- 25.8%
Average Sales Price*
$2,927,755
$0
- 100.0%
$2,927,755
$0
- 100.0%
93.1%
97.3%
+ 4.5%
93.1%
97.3%
+ 4.5%
Percent of Original List Price Received*
96.6%
0.0%
- 100.0%
96.6%
0.0%
- 100.0%
Days on Market Until Sale
68
25
- 63.2%
68
25
- 63.2%
Days on Market Until Sale
122
0
- 100.0%
122
0
- 100.0%
Inventory of Homes for Sale
27
20
- 25.9%
--
--
--
Inventory of Homes for Sale
12
6
- 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.
* 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
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
10
6
- 40.0%
10
6
- 40.0%
New Listings
1
0
- 100.0%
1
0
- 100.0%
Closed Sales
15
2
- 86.7%
15
2
- 86.7%
Closed Sales
0
1
--
0
1
--
Median Sales Price*
$685,000
$1,237,500
+ 80.7%
$685,000
$1,237,500
+ 80.7%
Median Sales Price*
$0
$1,525,000
--
$0
$1,525,000
--
Average Sales Price*
$734,890
$1,237,500
+ 68.4%
$734,890
$1,237,500
+ 68.4%
Average Sales Price*
$0
$1,525,000
--
$0
$1,525,000
--
92.4%
95.0%
+ 2.8%
92.4%
95.0%
+ 2.8%
Percent of Original List Price Received*
0.0%
78.2%
--
0.0%
78.2%
--
Days on Market Until Sale
134
30
- 77.6%
134
30
- 77.6%
Days on Market Until Sale
0
131
--
0
131
--
Inventory of Homes for Sale
27
6
- 77.8%
--
--
--
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
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
1-2014
1-2016
1-2018
1-2020
Single-Family Detached All MLS — Isle of Palms —
$800,000
$1,500,000
$0 1-2012
* 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.
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of February 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
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Sullivan's Island —
$4,000,000
$3,000,000
$3,000,000
$2,000,000
$2,000,000
$1,000,000
$1,000,000
$0 1-2012
1-2014
1-2016
1-2018
1-2020
All MLS — Sullivan's Island —
1-2022
$0 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of February 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 – January 2022
Local Market Update – January 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 January
Single-Family Detached
Year to Date
January
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
54
58
+ 7.4%
54
58
+ 7.4%
New Listings
112
123
+ 9.8%
112
123
+ 9.8%
Closed Sales
40
42
+ 5.0%
40
42
+ 5.0%
Closed Sales
85
92
+ 8.2%
85
92
+ 8.2%
Median Sales Price*
$428,750
$525,250
+ 22.5%
$428,750
$525,250
+ 22.5%
Median Sales Price*
$340,000
$388,347
+ 14.2%
$340,000
$388,347
+ 14.2%
Average Sales Price*
$481,268
$570,708
+ 18.6%
$481,268
$570,708
+ 18.6%
Average Sales Price*
$386,035
$427,240
+ 10.7%
$386,035
$427,240
+ 10.7%
96.6%
101.0%
+ 4.6%
96.6%
101.0%
+ 4.6%
Percent of Original List Price Received*
96.5%
97.8%
+ 1.3%
96.5%
97.8%
+ 1.3%
Days on Market Until Sale
31
15
- 51.6%
31
15
- 51.6%
Days on Market Until Sale
33
24
- 27.3%
33
24
- 27.3%
Inventory of Homes for Sale
53
19
- 64.2%
--
--
--
Inventory of Homes for Sale
113
53
- 53.1%
--
--
--
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.
* 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
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
17
17
0.0%
17
17
0.0%
New Listings
41
34
- 17.1%
41
34
- 17.1%
Closed Sales
15
15
0.0%
15
15
0.0%
Closed Sales
27
34
+ 25.9%
27
34
+ 25.9%
Median Sales Price*
$240,000
$265,000
+ 10.4%
$240,000
$265,000
+ 10.4%
Median Sales Price*
$203,000
$321,610
+ 58.4%
$203,000
$321,610
+ 58.4%
Average Sales Price*
$253,767
$272,333
+ 7.3%
$253,767
$272,333
+ 7.3%
Average Sales Price*
$200,097
$303,326
+ 51.6%
$200,097
$303,326
+ 51.6%
97.0%
98.9%
+ 2.0%
97.0%
98.9%
+ 2.0%
Percent of Original List Price Received*
97.9%
100.9%
+ 3.1%
97.9%
100.9%
+ 3.1%
Days on Market Until Sale
55
33
- 40.0%
55
33
- 40.0%
Days on Market Until Sale
28
11
- 60.7%
28
11
- 60.7%
Inventory of Homes for Sale
16
6
- 62.5%
--
--
--
Inventory of Homes for Sale
42
6
- 85.7%
--
--
--
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 — 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 February 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 February 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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