JULY 2021
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 – July 2021
Local Market Update – July 2021
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 July
Single-Family Detached
Year to Date
July
Single-Family Detached
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
53
31
- 41.5%
288
274
- 4.9%
New Listings
37
28
- 24.3%
198
172
- 13.1%
Closed Sales
28
29
+ 3.6%
117
260
+ 122.2%
Closed Sales
20
17
- 15.0%
120
171
+ 42.5%
Median Sales Price*
$710,000
$774,000
+ 9.0%
$808,900
$992,500
+ 22.7%
Median Sales Price*
$473,750
$599,900
+ 26.6%
$523,000
$589,000
+ 12.6%
Average Sales Price*
$1,437,009
$1,456,231
+ 1.3%
$1,200,253
$1,407,181
+ 17.2%
Average Sales Price*
$508,382
$566,365
+ 11.4%
$573,160
$593,755
+ 3.6%
87.6%
96.6%
+ 10.3%
89.2%
94.1%
+ 5.5%
Percent of Original List Price Received*
92.8%
96.6%
+ 4.1%
92.6%
96.0%
+ 3.7%
Days on Market Until Sale
109
43
- 60.6%
116
92
- 20.7%
Days on Market Until Sale
38
33
- 13.2%
59
64
+ 8.5%
Inventory of Homes for Sale
219
79
- 63.9%
--
--
--
Inventory of Homes for Sale
93
33
- 64.5%
--
--
--
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
July
Year to Date
July
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
43
32
- 25.6%
263
264
+ 0.4%
New Listings
5
8
+ 60.0%
22
32
+ 45.5%
Closed Sales
15
28
+ 86.7%
97
210
+ 116.5%
Closed Sales
3
4
+ 33.3%
15
18
+ 20.0%
Median Sales Price*
$635,000
$735,000
+ 15.7%
$607,000
$658,700
+ 8.5%
Median Sales Price*
$575,000
$613,000
+ 6.6%
$307,500
$527,500
+ 71.5%
Average Sales Price*
$682,850
$970,982
+ 42.2%
$879,262
$822,241
- 6.5%
Average Sales Price*
$470,000
$692,750
+ 47.4%
$409,033
$577,056
+ 41.1%
93.4%
97.0%
+ 3.9%
91.9%
94.0%
+ 2.3%
Percent of Original List Price Received*
90.2%
96.7%
+ 7.2%
94.5%
98.4%
+ 4.1%
Days on Market Until Sale
86
46
- 46.5%
126
101
- 19.8%
Days on Market Until Sale
181
71
- 60.8%
85
36
- 57.6%
Inventory of Homes for Sale
211
107
- 49.3%
--
--
--
Inventory of Homes for Sale
13
11
- 15.4%
--
--
--
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 $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
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
$200,000
$200,000
$200,000
$200,000 $0 1-2011
All MLS — Upper Charleston Peninsula —
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of August 9, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of August 9, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – July 2021
Local Market Update – July 2021
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 July
Single-Family Detached
Year to Date
July
Single-Family Detached
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
120
96
- 20.0%
690
644
- 6.7%
New Listings
214
127
- 40.7%
918
870
- 5.2%
Closed Sales
131
78
- 40.5%
525
610
+ 16.2%
Closed Sales
145
119
- 17.9%
675
793
+ 17.5%
Median Sales Price*
$640,000
$745,000
+ 16.4%
$589,000
$720,000
+ 22.2%
Median Sales Price*
$558,000
$682,000
+ 22.2%
$534,900
$620,000
+ 15.9%
Average Sales Price*
$766,127
$875,298
+ 14.2%
$708,062
$883,736
+ 24.8%
Average Sales Price*
$628,591
$765,451
+ 21.8%
$590,574
$706,044
+ 19.6%
96.5%
100.0%
+ 3.6%
95.4%
98.9%
+ 3.7%
Percent of Original List Price Received*
97.2%
101.4%
+ 4.3%
97.2%
100.8%
+ 3.7%
Days on Market Until Sale
53
10
- 81.1%
60
24
- 60.0%
Days on Market Until Sale
63
7
- 88.9%
63
18
- 71.4%
Inventory of Homes for Sale
209
68
- 67.5%
--
--
--
Inventory of Homes for Sale
261
72
- 72.4%
--
--
--
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
July
Year to Date
July
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
61
53
- 13.1%
317
371
+ 17.0%
New Listings
37
38
+ 2.7%
266
233
- 12.4%
Closed Sales
45
34
- 24.4%
206
331
+ 60.7%
Closed Sales
45
31
- 31.1%
181
207
+ 14.4%
Median Sales Price*
$247,000
$324,500
+ 31.4%
$245,000
$300,000
+ 22.4%
Median Sales Price*
$292,500
$351,032
+ 20.0%
$306,000
$326,000
+ 6.5%
Average Sales Price*
$266,769
$405,213
+ 51.9%
$296,426
$401,726
+ 35.5%
Average Sales Price*
$281,912
$374,001
+ 32.7%
$305,596
$332,385
+ 8.8%
96.1%
100.0%
+ 4.1%
96.0%
99.8%
+ 4.0%
Percent of Original List Price Received*
96.9%
101.8%
+ 5.1%
97.1%
100.8%
+ 3.8%
Days on Market Until Sale
44
11
- 75.0%
52
24
- 53.8%
Days on Market Until Sale
41
6
- 85.4%
61
14
- 77.0%
Inventory of Homes for Sale
89
24
- 73.0%
--
--
--
Inventory of Homes for Sale
68
16
- 76.5%
--
--
--
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 —
$300,000
$700,000
$275,000
$600,000
$250,000
$500,000
$225,000
Single-Family Detached All MLS — Lower Mount Pleasant —
$700,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
$600,000
All MLS — Upper Mount Pleasant —
$350,000
$300,000
$500,000 $250,000 $400,000
$400,000
$200,000 $175,000
$200,000
$150,000
$100,000 1-2011
$200,000 $300,000
$300,000
1-2013
1-2015
1-2017
1-2019
1-2021
$125,000 1-2011
$150,000
$200,000
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of August 9, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of August 9, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – July 2021
Local Market Update – July 2021
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 July
Single-Family Detached
Year to Date
July
Single-Family Detached
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
29
35
+ 20.7%
172
207
+ 20.3%
New Listings
12
3
- 75.0%
44
42
- 4.5%
Closed Sales
29
25
- 13.8%
108
175
+ 62.0%
Closed Sales
5
1
- 80.0%
26
31
+ 19.2%
Median Sales Price*
$1,180,000
$1,735,000
+ 47.0%
$1,067,500
$1,700,000
+ 59.3%
Median Sales Price*
$2,315,000
$8,500,000
+ 267.2%
$2,457,500
$3,000,000
+ 22.1%
Average Sales Price*
$1,583,660
$2,045,576
+ 29.2%
$1,342,125
$2,031,411
+ 51.4%
Average Sales Price*
$2,533,000
$8,500,000
+ 235.6%
$2,455,096
$3,342,670
+ 36.2%
92.8%
99.4%
+ 7.1%
91.6%
97.2%
+ 6.1%
Percent of Original List Price Received*
96.8%
100.0%
+ 3.3%
92.5%
96.3%
+ 4.1%
Days on Market Until Sale
78
12
- 84.6%
109
32
- 70.6%
Days on Market Until Sale
25
127
+ 408.0%
70
86
+ 22.9%
Inventory of Homes for Sale
78
37
- 52.6%
--
--
--
Inventory of Homes for Sale
21
9
- 57.1%
--
--
--
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
July
Year to Date
July
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
21
7
- 66.7%
98
81
- 17.3%
New Listings
1
0
- 100.0%
3
5
+ 66.7%
Closed Sales
17
11
- 35.3%
67
80
+ 19.4%
Closed Sales
0
1
--
3
3
0.0%
Median Sales Price*
$570,000
$680,000
+ 19.3%
$585,000
$704,375
+ 20.4%
Median Sales Price*
$0
$575,000
--
$1,600,000
$580,000
- 63.8%
Average Sales Price*
$626,471
$678,818
+ 8.4%
$650,268
$732,435
+ 12.6%
Average Sales Price*
$0
$575,000
--
$1,264,077
$578,333
- 54.2%
93.5%
98.9%
+ 5.8%
93.7%
97.9%
+ 4.5%
Percent of Original List Price Received*
0.0%
82.7%
--
89.5%
83.2%
- 7.0%
Days on Market Until Sale
127
17
- 86.6%
106
70
- 34.0%
Days on Market Until Sale
0
69
--
353
23
- 93.5%
Inventory of Homes for Sale
60
24
- 60.0%
--
--
--
Inventory of Homes for Sale
2
1
- 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
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached
All MLS — Isle of Palms —
$1,500,000
$600,000
$1,000,000
$500,000
$750,000
$400,000
$500,000
$300,000
$250,000
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
$700,000
$1,250,000
$0 1-2011
* 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.
All MLS — Sullivan's Island —
$4,000,000
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
$200,000
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of August 9, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of August 9, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – July 2021
Local Market Update – July 2021
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 July
Single-Family Detached
Year to Date
July
Single-Family Detached
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
72
69
- 4.2%
533
492
- 7.7%
New Listings
170
165
- 2.9%
1,194
965
- 19.2%
Closed Sales
95
69
- 27.4%
440
428
- 2.7%
Closed Sales
164
115
- 29.9%
925
816
- 11.8%
Median Sales Price*
$415,000
$460,000
+ 10.8%
$381,250
$450,000
+ 18.0%
Median Sales Price*
$339,950
$415,000
+ 22.1%
$320,000
$380,000
+ 18.8%
Average Sales Price*
$509,558
$510,847
+ 0.3%
$453,571
$545,705
+ 20.3%
Average Sales Price*
$435,666
$451,882
+ 3.7%
$364,955
$440,181
+ 20.6%
96.8%
99.7%
+ 3.0%
96.1%
99.1%
+ 3.1%
Percent of Original List Price Received*
97.2%
100.4%
+ 3.3%
96.6%
99.5%
+ 3.0%
Days on Market Until Sale
40
13
- 67.5%
46
20
- 56.5%
Days on Market Until Sale
40
11
- 72.5%
44
19
- 56.8%
Inventory of Homes for Sale
105
39
- 62.9%
--
--
--
Inventory of Homes for Sale
236
139
- 41.1%
--
--
--
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
July
Year to Date
July
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
30
35
+ 16.7%
177
189
+ 6.8%
New Listings
59
57
- 3.4%
331
354
+ 6.9%
Closed Sales
33
34
+ 3.0%
128
180
+ 40.6%
Closed Sales
58
47
- 19.0%
286
317
+ 10.8%
Median Sales Price*
$204,000
$275,000
+ 34.8%
$205,500
$225,000
+ 9.5%
Median Sales Price*
$192,000
$253,000
+ 31.8%
$214,553
$239,999
+ 11.9%
Average Sales Price*
$196,277
$267,029
+ 36.0%
$199,114
$241,430
+ 21.3%
Average Sales Price*
$203,033
$245,773
+ 21.1%
$214,931
$236,096
+ 9.8%
97.6%
102.8%
+ 5.3%
96.4%
99.3%
+ 3.0%
Percent of Original List Price Received*
97.9%
101.3%
+ 3.5%
96.9%
100.0%
+ 3.2%
Days on Market Until Sale
39
7
- 82.1%
42
24
- 42.9%
Days on Market Until Sale
35
9
- 74.3%
52
18
- 65.4%
Inventory of Homes for Sale
42
17
- 59.5%
--
--
--
Inventory of Homes for Sale
62
25
- 59.7%
--
--
--
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
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
$275,000
Rolling 12-Month Calculation
All MLS — West Ashley Area —
$400,000
$250,000
All MLS — West Ashley Area —
$260,000 $240,000
$350,000
$400,000
$225,000
$220,000 $300,000
$200,000
$200,000
$300,000 $175,000
$180,000
$250,000
$150,000
$200,000
$160,000 $200,000
$125,000 $100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
$140,000
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of August 9, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$150,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$120,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of August 9, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 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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