June 2019 Real Estate Report | Presented by The Cassina Group

JUNE 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 – June 2019

Local Market Update – June 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 June

Single-Family Detached

Year to Date

June

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

24

24

0.0%

216

258

+ 19.4%

New Listings

24

31

+ 29.2%

147

152

+ 3.4%

Closed Sales

28

24

- 14.3%

126

93

- 26.2%

Closed Sales

18

11

- 38.9%

99

108

+ 9.1%

Median Sales Price*

$1,083,025

$1,104,000

+ 1.9%

$912,500

$1,043,000

+ 14.3%

Median Sales Price*

$449,950

$435,000

- 3.3%

$505,500

$449,500

- 11.1%

Average Sales Price*

$1,528,289

$1,036,073

- 32.2%

$1,240,852

$1,432,292

+ 15.4%

Average Sales Price*

$460,744

$467,273

+ 1.4%

$509,944

$482,655

- 5.4%

92.9%

88.3%

- 5.0%

92.1%

90.8%

- 1.4%

Percent of Original List Price Received*

91.4%

90.2%

- 1.3%

93.7%

91.2%

- 2.7%

Days on Market Until Sale

76

77

+ 1.3%

97

84

- 13.4%

Days on Market Until Sale

59

59

0.0%

56

70

+ 25.0%

Inventory of Homes for Sale

155

204

+ 31.6%

--

--

--

Inventory of Homes for Sale

74

64

- 13.5%

--

--

--

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

June

Year to Date

June

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

24

31

+ 29.2%

240

251

+ 4.6%

New Listings

6

3

- 50.0%

30

18

- 40.0%

Closed Sales

19

22

+ 15.8%

104

88

- 15.4%

Closed Sales

4

2

- 50.0%

15

10

- 33.3%

Median Sales Price*

$565,000

$533,250

- 5.6%

$555,000

$648,750

+ 16.9%

Median Sales Price*

$543,500

$635,000

+ 16.8%

$497,999

$285,675

- 42.6%

Average Sales Price*

$681,374

$582,864

- 14.5%

$711,242

$751,367

+ 5.6%

Average Sales Price*

$490,500

$635,000

+ 29.5%

$494,503

$371,385

- 24.9%

93.1%

91.3%

- 1.9%

94.2%

92.1%

- 2.2%

Percent of Original List Price Received*

85.5%

92.7%

+ 8.4%

95.2%

91.4%

- 4.0%

Days on Market Until Sale

108

85

- 21.3%

95

92

- 3.2%

Days on Market Until Sale

74

21

- 71.6%

57

91

+ 59.6%

Inventory of Homes for Sale

153

191

+ 24.8%

--

--

--

Inventory of Homes for Sale

15

12

- 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 $1,200,000

* 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

$1,000,000

$600,000

$800,000

$500,000

$600,000

$400,000

$400,000

$300,000

$200,000

$200,000

Single-Family Detached All MLS — Downtown Charleston —

$600,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —

All MLS — Upper Charleston Peninsula —

$500,000

$500,000 $400,000 $400,000 $300,000 $300,000

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

$200,000

$200,000

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of July 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2019 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 July 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

Local Market Update – June 2019

Local Market Update – June 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 June

Single-Family Detached

Year to Date

June

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

100

107

+ 7.0%

651

700

+ 7.5%

New Listings

144

141

- 2.1%

843

910

+ 7.9%

Closed Sales

92

100

+ 8.7%

455

425

- 6.6%

Closed Sales

113

131

+ 15.9%

495

544

+ 9.9%

Median Sales Price*

$701,000

$595,279

- 15.1%

$571,000

$575,000

+ 0.7%

Median Sales Price*

$515,000

$510,000

- 1.0%

$515,735

$510,133

- 1.1%

Average Sales Price*

$819,885

$746,331

- 9.0%

$676,854

$712,435

+ 5.3%

Average Sales Price*

$550,715

$559,611

+ 1.6%

$563,442

$566,249

+ 0.5%

95.9%

95.7%

- 0.2%

95.7%

94.4%

- 1.4%

Percent of Original List Price Received*

96.6%

96.6%

0.0%

96.5%

96.6%

+ 0.1%

Days on Market Until Sale

51

44

- 13.7%

51

61

+ 19.6%

Days on Market Until Sale

73

56

- 23.3%

78

68

- 12.8%

Inventory of Homes for Sale

272

304

+ 11.8%

--

--

--

Inventory of Homes for Sale

439

410

- 6.6%

--

--

--

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.

* 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

June

Year to Date

June

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

31

39

+ 25.8%

246

236

- 4.1%

New Listings

39

37

- 5.1%

257

261

+ 1.6%

Closed Sales

41

37

- 9.8%

190

161

- 15.3%

Closed Sales

31

39

+ 25.8%

172

169

- 1.7%

Median Sales Price*

$240,000

$240,000

0.0%

$239,600

$249,900

+ 4.3%

Median Sales Price*

$238,000

$305,000

+ 28.2%

$287,500

$305,000

+ 6.1%

Average Sales Price*

$370,995

$320,380

- 13.6%

$332,538

$361,996

+ 8.9%

Average Sales Price*

$258,332

$288,967

+ 11.9%

$292,639

$292,741

+ 0.0%

97.2%

94.5%

- 2.8%

96.9%

95.2%

- 1.8%

Percent of Original List Price Received*

96.9%

96.3%

- 0.6%

97.7%

96.5%

- 1.2%

Days on Market Until Sale

40

51

+ 27.5%

45

57

+ 26.7%

Days on Market Until Sale

44

83

+ 88.6%

51

58

+ 13.7%

Inventory of Homes for Sale

68

94

+ 38.2%

--

--

--

Inventory of Homes for Sale

91

113

+ 24.2%

--

--

--

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.

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 July 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2019 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 July 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

Local Market Update – June 2019

Local Market Update – June 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 June

Single-Family Detached

Year to Date

June

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

20

33

+ 65.0%

154

197

+ 27.9%

New Listings

7

6

- 14.3%

58

40

- 31.0%

Closed Sales

15

19

+ 26.7%

107

97

- 9.3%

Closed Sales

10

5

- 50.0%

35

22

- 37.1%

Median Sales Price*

$832,200

$975,000

+ 17.2%

$975,000

$1,062,500

+ 9.0%

Median Sales Price*

$1,790,544

$1,575,000

- 12.0%

$1,912,500

$2,050,000

+ 7.2%

Average Sales Price*

$1,085,380

$1,200,272

+ 10.6%

$1,297,807

$1,402,510

+ 8.1%

Average Sales Price*

$2,082,269

$1,750,000

- 16.0%

$2,125,637

$2,125,631

- 0.0%

91.5%

93.4%

+ 2.1%

91.7%

92.3%

+ 0.7%

Percent of Original List Price Received*

95.5%

84.9%

- 11.1%

94.5%

87.5%

- 7.4%

Days on Market Until Sale

127

81

- 36.2%

118

95

- 19.5%

Days on Market Until Sale

37

151

+ 308.1%

80

98

+ 22.5%

Inventory of Homes for Sale

124

155

+ 25.0%

--

--

--

Inventory of Homes for Sale

29

30

+ 3.4%

--

--

--

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

June

Year to Date

June

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

9

+ 12.5%

77

81

+ 5.2%

New Listings

0

0

--

6

1

- 83.3%

Closed Sales

9

5

- 44.4%

57

39

- 31.6%

Closed Sales

0

0

--

2

1

- 50.0%

Median Sales Price*

$595,000

$364,000

- 38.8%

$480,000

$489,000

+ 1.9%

Median Sales Price*

$0

$0

--

$487,500

$1,770,000

+ 263.1%

Average Sales Price*

$612,333

$447,800

- 26.9%

$544,390

$525,571

- 3.5%

Average Sales Price*

$0

$0

--

$487,500

$1,770,000

+ 263.1%

92.4%

95.9%

+ 3.8%

94.1%

95.3%

+ 1.3%

Percent of Original List Price Received*

0.0%

0.0%

--

97.5%

94.4%

- 3.2%

Days on Market Until Sale

124

34

- 72.6%

97

76

- 21.6%

Days on Market Until Sale

0

0

--

13

195

+ 1,400.0%

Inventory of Homes for Sale

65

79

+ 21.5%

--

--

--

Inventory of Homes for Sale

4

2

- 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

* 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 July 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2019 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 July 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

Local Market Update – June 2019

Local Market Update – June 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 June

Single-Family Detached

Year to Date

June

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

84

81

- 3.6%

541

572

+ 5.7%

New Listings

192

160

- 16.7%

1,026

992

- 3.3%

Closed Sales

74

97

+ 31.1%

382

378

- 1.0%

Closed Sales

156

120

- 23.1%

754

652

- 13.5%

Median Sales Price*

$388,250

$357,500

- 7.9%

$370,000

$360,663

- 2.5%

Median Sales Price*

$309,400

$331,429

+ 7.1%

$310,000

$317,000

+ 2.3%

Average Sales Price*

$499,839

$390,554

- 21.9%

$427,870

$450,603

+ 5.3%

Average Sales Price*

$375,836

$352,494

- 6.2%

$349,616

$346,639

- 0.9%

97.9%

96.0%

- 1.9%

97.5%

95.5%

- 2.1%

Percent of Original List Price Received*

96.1%

95.3%

- 0.8%

96.8%

95.5%

- 1.3%

Days on Market Until Sale

27

34

+ 25.9%

37

51

+ 37.8%

Days on Market Until Sale

33

45

+ 36.4%

39

49

+ 25.6%

Inventory of Homes for Sale

201

193

- 4.0%

--

--

--

Inventory of Homes for Sale

340

344

+ 1.2%

--

--

--

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

June

Year to Date

June

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

24

16

- 33.3%

136

168

+ 23.5%

New Listings

65

54

- 16.9%

285

332

+ 16.5%

Closed Sales

27

28

+ 3.7%

122

124

+ 1.6%

Closed Sales

50

40

- 20.0%

231

234

+ 1.3%

Median Sales Price*

$210,000

$209,950

- 0.0%

$195,000

$209,950

+ 7.7%

Median Sales Price*

$185,000

$206,250

+ 11.5%

$185,000

$209,500

+ 13.2%

Average Sales Price*

$204,512

$214,697

+ 5.0%

$198,287

$217,584

+ 9.7%

Average Sales Price*

$179,940

$209,239

+ 16.3%

$185,494

$208,912

+ 12.6%

98.1%

97.2%

- 0.9%

96.4%

97.0%

+ 0.6%

Percent of Original List Price Received*

98.4%

97.4%

- 1.0%

97.8%

97.3%

- 0.5%

Days on Market Until Sale

40

44

+ 10.0%

50

45

- 10.0%

Days on Market Until Sale

27

41

+ 51.9%

36

44

+ 22.2%

Inventory of Homes for Sale

46

46

0.0%

--

--

--

Inventory of Homes for Sale

72

99

+ 37.5%

--

--

--

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

* 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

$220,000

All MLS — West Ashley Area —

$320,000

All MLS — West Ashley Area —

$220,000

$300,000

$200,000

$350,000

Townhouse-Condo Attached

Single-Family Detached All MLS — James Island —

Rolling 12-Month Calculation

$200,000 $280,000

$180,000 $300,000

$180,000

$260,000 $160,000 $240,000

$250,000 $140,000 $200,000

$150,000 1-2009

$120,000

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

$160,000

$220,000 $140,000

$200,000

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of July 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$180,000 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 July 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

132 East Bay Street, Charleston, SC 29401 69 Morris Street, Charleston, SC 29403 309 Coleman Boulevard, Mount Pleasant, SC 29464

843.628.0008 | TheCassinaGroup.com

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