JUNE 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 – June 2022
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
40
30
- 25.0%
242
174
- 28.1%
New Listings
20
31
+ 55.0%
143
154
+ 7.7%
Closed Sales
45
24
- 46.7%
231
159
- 31.2%
Closed Sales
32
20
- 37.5%
154
119
- 22.7%
Median Sales Price*
$1,030,000
$1,477,500
+ 43.4%
$1,038,000
$1,250,000
+ 20.4%
Median Sales Price*
$563,500
$659,500
+ 17.0%
$588,000
$650,000
+ 10.5%
Average Sales Price*
$1,313,780
$1,751,598
+ 33.3%
$1,401,801
$1,702,570
+ 21.5%
Average Sales Price*
$581,813
$761,778
+ 30.9%
$597,454
$749,386
+ 25.4%
94.9%
96.3%
+ 1.5%
93.8%
96.6%
+ 3.0%
Percent of Original List Price Received*
99.5%
96.1%
- 3.4%
96.0%
98.8%
+ 2.9%
Days on Market Until Sale
77
28
- 63.6%
98
52
- 46.9%
Days on Market Until Sale
25
23
- 8.0%
68
35
- 48.5%
Inventory of Homes for Sale
100
44
- 56.0%
--
--
--
Inventory of Homes for Sale
33
36
+ 9.1%
--
--
--
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
June
Year to Date
June
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
41
34
- 17.1%
233
196
- 15.9%
New Listings
7
1
- 85.7%
25
21
- 16.0%
Closed Sales
36
25
- 30.6%
182
179
- 1.6%
Closed Sales
5
4
- 20.0%
15
21
+ 40.0%
Median Sales Price*
$634,500
$649,990
+ 2.4%
$644,500
$660,000
+ 2.4%
Median Sales Price*
$545,000
$382,000
- 29.9%
$455,000
$377,000
- 17.1%
Average Sales Price*
$750,722
$816,734
+ 8.8%
$799,357
$901,535
+ 12.8%
Average Sales Price*
$731,500
$370,250
- 49.4%
$531,067
$467,043
- 12.1%
95.8%
100.5%
+ 4.9%
93.5%
97.8%
+ 4.6%
Percent of Original List Price Received*
98.8%
95.6%
- 3.2%
98.9%
96.3%
- 2.6%
Days on Market Until Sale
117
56
- 52.1%
109
61
- 44.0%
Days on Market Until Sale
16
7
- 56.3%
24
76
+ 216.7%
Inventory of Homes for Sale
121
43
- 64.5%
--
--
--
Inventory of Homes for Sale
9
2
- 77.8%
--
--
--
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.
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 July 8, 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 July 8, 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 – June 2022
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
115
105
- 8.7%
547
491
- 10.2%
New Listings
122
140
+ 14.8%
743
641
- 13.7%
Closed Sales
115
82
- 28.7%
534
391
- 26.8%
Closed Sales
138
118
- 14.5%
679
498
- 26.7%
Median Sales Price*
$735,000
$1,065,000
+ 44.9%
$715,850
$900,000
+ 25.7%
Median Sales Price*
$652,025
$852,500
+ 30.7%
$612,080
$810,875
+ 32.5%
Average Sales Price*
$931,742
$1,247,317
+ 33.9%
$886,903
$1,182,403
+ 33.3%
Average Sales Price*
$734,553
$1,005,905
+ 36.9%
$695,311
$912,829
+ 31.3%
100.3%
100.7%
+ 0.4%
98.7%
101.0%
+ 2.3%
Percent of Original List Price Received*
102.5%
100.9%
- 1.6%
100.7%
101.4%
+ 0.7%
Days on Market Until Sale
11
7
- 36.4%
26
10
- 61.5%
Days on Market Until Sale
14
8
- 42.9%
20
12
- 40.0%
Inventory of Homes for Sale
62
74
+ 19.4%
--
--
--
Inventory of Homes for Sale
65
126
+ 93.8%
--
--
--
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
June
Year to Date
June
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
43
- 20.4%
318
227
- 28.6%
New Listings
31
47
+ 51.6%
195
199
+ 2.1%
Closed Sales
49
34
- 30.6%
300
197
- 34.3%
Closed Sales
41
27
- 34.1%
178
168
- 5.6%
Median Sales Price*
$270,000
$435,000
+ 61.1%
$295,000
$386,000
+ 30.8%
Median Sales Price*
$331,000
$490,000
+ 48.0%
$323,250
$422,500
+ 30.7%
Average Sales Price*
$331,717
$574,206
+ 73.1%
$401,764
$513,313
+ 27.8%
Average Sales Price*
$347,212
$463,267
+ 33.4%
$325,089
$423,549
+ 30.3%
103.5%
100.7%
- 2.7%
99.8%
101.8%
+ 2.0%
Percent of Original List Price Received*
102.3%
100.4%
- 1.9%
100.6%
102.3%
+ 1.7%
Days on Market Until Sale
5
11
+ 120.0%
26
9
- 65.4%
Days on Market Until Sale
6
8
+ 33.3%
16
12
- 25.0%
Inventory of Homes for Sale
34
31
- 8.8%
--
--
--
Inventory of Homes for Sale
15
27
+ 80.0%
--
--
--
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 $1,000,000
* 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 —
$400,000
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
$500,000
$400,000
$600,000
$300,000 $600,000
$500,000 $250,000
$300,000 $400,000
$400,000 $200,000 $200,000
$0 1-2012
All MLS — Upper Mount Pleasant —
$700,000
$350,000
$800,000
$800,000
Rolling 12-Month Calculation
$300,000
$150,000
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
$200,000
$200,000
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of July 8, 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 July 8, 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 – June 2022
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
32
25
- 21.9%
172
134
- 22.1%
New Listings
7
4
- 42.9%
39
30
- 23.1%
Closed Sales
24
13
- 45.8%
151
101
- 33.1%
Closed Sales
12
2
- 83.3%
31
21
- 32.3%
Median Sales Price*
$1,900,000
$2,450,000
+ 28.9%
$1,700,000
$1,975,000
+ 16.2%
Median Sales Price*
$2,875,000
$6,275,000
+ 118.3%
$3,000,000
$3,800,000
+ 26.7%
Average Sales Price*
$2,377,125
$2,877,814
+ 21.1%
$2,019,508
$2,246,775
+ 11.3%
Average Sales Price*
$3,265,833
$6,275,000
+ 92.1%
$3,126,541
$4,196,387
+ 34.2%
98.6%
96.9%
- 1.7%
96.9%
98.3%
+ 1.4%
Percent of Original List Price Received*
95.8%
100.0%
+ 4.4%
96.3%
94.7%
- 1.7%
Days on Market Until Sale
13
51
+ 292.3%
35
25
- 28.6%
Days on Market Until Sale
40
10
- 75.0%
82
34
- 58.5%
Inventory of Homes for Sale
31
47
+ 51.6%
--
--
--
Inventory of Homes for Sale
13
7
- 46.2%
--
--
--
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
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
13
16
+ 23.1%
74
76
+ 2.7%
New Listings
1
0
- 100.0%
5
2
- 60.0%
Closed Sales
6
10
+ 66.7%
69
50
- 27.5%
Closed Sales
0
0
--
2
2
0.0%
Median Sales Price*
$780,509
$859,250
+ 10.1%
$711,000
$863,000
+ 21.4%
Median Sales Price*
$0
$0
--
$580,000
$1,812,500
+ 212.5%
Average Sales Price*
$695,170
$996,350
+ 43.3%
$740,982
$976,838
+ 31.8%
Average Sales Price*
$0
$0
--
$580,000
$1,812,500
+ 212.5%
101.2%
99.2%
- 2.0%
97.7%
99.0%
+ 1.3%
Percent of Original List Price Received*
0.0%
0.0%
--
83.5%
86.9%
+ 4.1%
Days on Market Until Sale
5
16
+ 220.0%
78
34
- 56.4%
Days on Market Until Sale
0
0
--
0
67
--
Inventory of Homes for Sale
22
28
+ 27.3%
--
--
--
Inventory of Homes for Sale
2
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
$1,000,000
$800,000
$1,500,000
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
Rolling 12-Month Calculation 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
$600,000 $1,000,000 $400,000 $500,000 $200,000
$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 July 8, 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 July 8, 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 – June 2022
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
73
63
- 13.7%
423
386
- 8.7%
New Listings
157
161
+ 2.5%
795
861
+ 8.3%
Closed Sales
77
51
- 33.8%
359
326
- 9.2%
Closed Sales
161
147
- 8.7%
696
750
+ 7.8%
Median Sales Price*
$485,000
$625,000
+ 28.9%
$445,000
$565,000
+ 27.0%
Median Sales Price*
$400,000
$459,000
+ 14.8%
$375,000
$439,950
+ 17.3%
Average Sales Price*
$532,138
$634,352
+ 19.2%
$552,405
$625,937
+ 13.3%
Average Sales Price*
$484,992
$499,545
+ 3.0%
$435,498
$497,740
+ 14.3%
101.1%
100.4%
- 0.7%
99.0%
101.4%
+ 2.4%
Percent of Original List Price Received*
100.9%
101.6%
+ 0.7%
99.4%
101.4%
+ 2.0%
Days on Market Until Sale
12
7
- 41.7%
22
13
- 40.9%
Days on Market Until Sale
11
9
- 18.2%
20
14
- 30.0%
Inventory of Homes for Sale
54
51
- 5.6%
--
--
--
Inventory of Homes for Sale
119
122
+ 2.5%
--
--
--
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
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
32
29
- 9.4%
154
153
- 0.6%
New Listings
61
45
- 26.2%
298
251
- 15.8%
Closed Sales
42
18
- 57.1%
146
136
- 6.8%
Closed Sales
46
44
- 4.3%
270
248
- 8.1%
Median Sales Price*
$227,000
$327,500
+ 44.3%
$210,000
$277,450
+ 32.1%
Median Sales Price*
$241,250
$311,100
+ 29.0%
$237,000
$325,000
+ 37.1%
Average Sales Price*
$222,889
$316,278
+ 41.9%
$235,468
$301,838
+ 28.2%
Average Sales Price*
$248,335
$305,795
+ 23.1%
$233,814
$310,116
+ 32.6%
101.0%
104.7%
+ 3.7%
98.5%
102.6%
+ 4.2%
Percent of Original List Price Received*
101.1%
103.9%
+ 2.8%
99.8%
102.6%
+ 2.8%
Days on Market Until Sale
11
3
- 72.7%
28
9
- 67.9%
Days on Market Until Sale
11
3
- 72.7%
20
12
- 40.0%
Inventory of Homes for Sale
6
10
+ 66.7%
--
--
--
Inventory of Homes for Sale
31
20
- 35.5%
--
--
--
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 —
$600,000
$350,000
$500,000
$300,000
$400,000
$250,000
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
Rolling 12-Month Calculation
All MLS — West Ashley Area —
$500,000
All MLS — West Ashley Area —
$350,000
$300,000
$400,000
$250,000 $300,000
$300,000
$200,000
$200,000
$150,000
$100,000 1-2012
$200,000 $200,000
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
$150,000
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of July 8, 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 July 8, 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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