MARCH 2019
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 – March 2019
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
40
51
+ 27.5%
109
139
+ 27.5%
New Listings
34
26
- 23.5%
74
67
- 9.5%
Closed Sales
29
19
- 34.5%
56
37
- 33.9%
Closed Sales
17
23
+ 35.3%
46
53
+ 15.2%
Median Sales Price*
$775,000
$1,750,000
+ 125.8%
$852,500
$1,300,000
+ 52.5%
Median Sales Price*
$423,500
$502,500
+ 18.7%
$448,250
$450,000
+ 0.4%
Average Sales Price*
$901,663
$2,599,737
+ 188.3%
$1,140,369
$1,933,851
+ 69.6%
Average Sales Price*
$412,588
$560,239
+ 35.8%
$448,870
$477,538
+ 6.4%
89.3%
91.6%
+ 2.6%
92.1%
91.9%
- 0.2%
Percent of Original List Price Received*
92.4%
91.8%
- 0.6%
92.9%
90.4%
- 2.7%
Days on Market Until Sale
130
118
- 9.2%
106
97
- 8.5%
Days on Market Until Sale
71
77
+ 8.5%
55
88
+ 60.0%
Inventory of Homes for Sale
133
210
+ 57.9%
--
--
--
Inventory of Homes for Sale
63
56
- 11.1%
--
--
--
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
March
Year to Date
March
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
74
59
- 20.3%
146
125
- 14.4%
New Listings
8
2
- 75.0%
20
8
- 60.0%
Closed Sales
16
18
+ 12.5%
46
39
- 15.2%
Closed Sales
4
2
- 50.0%
9
3
- 66.7%
Median Sales Price*
$474,815
$576,500
+ 21.4%
$622,500
$800,000
+ 28.5%
Median Sales Price*
$362,500
$314,000
- 13.4%
$497,999
$264,500
- 46.9%
Average Sales Price*
$679,821
$695,167
+ 2.3%
$755,788
$915,218
+ 21.1%
Average Sales Price*
$373,750
$314,000
- 16.0%
$533,394
$297,500
- 44.2%
93.1%
93.1%
0.0%
93.4%
92.4%
- 1.1%
96.8%
90.4%
- 6.6%
100.5%
90.2%
- 10.2%
Days on Market Until Sale
93
68
- 26.9%
90
90
0.0%
Days on Market Until Sale
73
97
+ 32.9%
56
109
+ 94.6%
Inventory of Homes for Sale
158
183
+ 15.8%
--
--
--
Inventory of Homes for Sale
19
9
- 52.6%
--
--
--
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 $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 —
Percent of Original List Price Received*
$700,000
$1,000,000
$600,000
$800,000
$500,000
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
$600,000
$400,000
$300,000 $300,000
$400,000
$300,000
$200,000
$200,000
$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 April 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 April 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 – March 2019
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
152
138
- 9.2%
327
337
+ 3.1%
New Listings
156
149
- 4.5%
400
440
+ 10.0%
Closed Sales
69
73
+ 5.8%
177
157
- 11.3%
Closed Sales
85
78
- 8.2%
196
192
- 2.0%
Median Sales Price*
$525,000
$540,000
+ 2.9%
$535,000
$590,000
+ 10.3%
Median Sales Price*
$475,000
$506,839
+ 6.7%
$500,000
$499,950
- 0.0%
Average Sales Price*
$647,689
$748,895
+ 15.6%
$623,887
$733,671
+ 17.6%
Average Sales Price*
$543,157
$540,648
- 0.5%
$567,132
$546,983
- 3.6%
95.4%
94.3%
- 1.2%
94.6%
93.4%
- 1.3%
Percent of Original List Price Received*
95.9%
96.6%
+ 0.7%
96.1%
96.3%
+ 0.2%
Days on Market Until Sale
64
59
- 7.8%
64
70
+ 9.4%
Days on Market Until Sale
73
76
+ 4.1%
83
72
- 13.3%
Inventory of Homes for Sale
262
262
0.0%
--
--
--
Inventory of Homes for Sale
440
450
+ 2.3%
--
--
--
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
March
Year to Date
March
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
41
42
+ 2.4%
125
114
- 8.8%
New Listings
48
60
+ 25.0%
120
142
+ 18.3%
Closed Sales
40
28
- 30.0%
78
68
- 12.8%
Closed Sales
47
25
- 46.8%
80
71
- 11.3%
Median Sales Price*
$271,000
$268,500
- 0.9%
$243,500
$266,000
+ 9.2%
Median Sales Price*
$319,360
$322,000
+ 0.8%
$321,905
$311,670
- 3.2%
Average Sales Price*
$359,589
$379,221
+ 5.5%
$339,417
$392,188
+ 15.5%
Average Sales Price*
$304,983
$296,477
- 2.8%
$306,977
$298,086
- 2.9%
97.8%
94.8%
- 3.1%
97.0%
95.3%
- 1.8%
Percent of Original List Price Received*
98.0%
97.9%
- 0.1%
98.0%
96.1%
- 1.9%
Days on Market Until Sale
50
62
+ 24.0%
54
58
+ 7.4%
Days on Market Until Sale
57
49
- 14.0%
62
55
- 11.3%
Inventory of Homes for Sale
86
96
+ 11.6%
--
--
--
Inventory of Homes for Sale
84
111
+ 32.1%
--
--
--
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.
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 April 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 April 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 – March 2019
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
37
31
- 16.2%
78
96
+ 23.1%
New Listings
14
3
- 78.6%
29
15
- 48.3%
Closed Sales
26
21
- 19.2%
53
38
- 28.3%
Closed Sales
6
2
- 66.7%
12
10
- 16.7%
Median Sales Price*
$1,078,000
$1,182,500
+ 9.7%
$1,064,000
$1,081,250
+ 1.6%
Median Sales Price*
$1,582,500
$2,030,000
+ 28.3%
$2,358,825
$1,988,438
- 15.7%
Average Sales Price*
$1,325,654
$1,370,278
+ 3.4%
$1,341,868
$1,299,298
- 3.2%
Average Sales Price*
$1,658,792
$2,030,000
+ 22.4%
$2,226,479
$2,109,388
- 5.3%
92.8%
91.4%
- 1.5%
91.1%
92.2%
+ 1.2%
Percent of Original List Price Received*
94.9%
77.2%
- 18.7%
96.3%
85.8%
- 10.9%
Days on Market Until Sale
100
106
+ 6.0%
130
99
- 23.8%
Days on Market Until Sale
168
105
- 37.5%
128
71
- 44.5%
Inventory of Homes for Sale
121
140
+ 15.7%
--
--
--
Inventory of Homes for Sale
31
24
- 22.6%
--
--
--
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
March
Year to Date
March
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
15
17
+ 13.3%
43
44
+ 2.3%
New Listings
1
0
- 100.0%
2
1
- 50.0%
Closed Sales
13
5
- 61.5%
27
11
- 59.3%
Closed Sales
1
0
- 100.0%
1
1
0.0%
Median Sales Price*
$396,750
$395,000
- 0.4%
$485,000
$422,000
- 13.0%
Median Sales Price*
$685,000
$0
- 100.0%
$685,000
$1,770,000
+ 158.4%
Average Sales Price*
$562,019
$439,050
- 21.9%
$530,500
$516,614
- 2.6%
Average Sales Price*
$685,000
$0
- 100.0%
$685,000
$1,770,000
+ 158.4%
94.9%
95.6%
+ 0.7%
93.9%
93.4%
- 0.5%
Percent of Original List Price Received*
98.0%
0.0%
- 100.0%
98.0%
94.4%
- 3.7%
Days on Market Until Sale
51
54
+ 5.9%
108
84
- 22.2%
Days on Market Until Sale
14
0
- 100.0%
14
195
+ 1,292.9%
Inventory of Homes for Sale
60
80
+ 33.3%
--
--
--
Inventory of Homes for Sale
0
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.
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
Single-Family Detached All MLS — Isle of Palms —
$1,000,000
$800,000
$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
$800,000 $600,000
$1,500,000
$400,000
$1,000,000
$200,000
$500,000
$600,000
$2,000,000
$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 April 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 April 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 – March 2019
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
108
96
- 11.1%
279
264
- 5.4%
New Listings
176
189
+ 7.4%
461
474
+ 2.8%
Closed Sales
83
68
- 18.1%
188
140
- 25.5%
Closed Sales
128
115
- 10.2%
295
277
- 6.1%
Median Sales Price*
$383,000
$370,500
- 3.3%
$370,310
$365,500
- 1.3%
Median Sales Price*
$320,000
$290,000
- 9.4%
$309,440
$305,000
- 1.4%
Average Sales Price*
$402,802
$441,928
+ 9.7%
$397,304
$480,753
+ 21.0%
Average Sales Price*
$338,290
$337,619
- 0.2%
$337,824
$345,007
+ 2.1%
97.6%
95.9%
- 1.7%
97.5%
95.3%
- 2.3%
97.7%
94.9%
- 2.9%
96.9%
95.2%
- 1.8%
Days on Market Until Sale
44
58
+ 31.8%
41
62
+ 51.2%
Days on Market Until Sale
40
58
+ 45.0%
44
54
+ 22.7%
Inventory of Homes for Sale
194
186
- 4.1%
--
--
--
Inventory of Homes for Sale
322
330
+ 2.5%
--
--
--
Percent of Original List Price Received*
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
March
Year to Date
March
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
25
36
+ 44.0%
56
83
+ 48.2%
New Listings
51
65
+ 27.5%
128
160
+ 25.0%
Closed Sales
24
20
- 16.7%
44
45
+ 2.3%
Closed Sales
47
40
- 14.9%
96
99
+ 3.1%
Median Sales Price*
$182,850
$169,500
- 7.3%
$178,850
$181,000
+ 1.2%
Median Sales Price*
$185,000
$230,000
+ 24.3%
$181,000
$233,000
+ 28.7%
Average Sales Price*
$185,525
$190,202
+ 2.5%
$184,570
$203,004
+ 10.0%
Average Sales Price*
$179,695
$217,388
+ 21.0%
$178,893
$216,532
+ 21.0%
95.2%
96.7%
+ 1.6%
95.2%
96.0%
+ 0.8%
Percent of Original List Price Received*
98.2%
97.0%
- 1.2%
97.5%
96.7%
- 0.8%
Days on Market Until Sale
61
26
- 57.4%
56
50
- 10.7%
Days on Market Until Sale
48
49
+ 2.1%
41
47
+ 14.6%
Inventory of Homes for Sale
43
60
+ 39.5%
--
--
--
Inventory of Homes for Sale
76
96
+ 26.3%
--
--
--
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.
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
Townhouse-Condo Attached All MLS — West Ashley Area —
All MLS — West Ashley Area —
$220,000
$300,000
$200,000
$350,000
$320,000
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 April 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 April 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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