MARCH 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 – March 2021
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
36
45
+ 25.0%
109
115
+ 5.5%
New Listings
29
23
- 20.7%
75
70
- 6.7%
Closed Sales
22
39
+ 77.3%
49
100
+ 104.1%
Closed Sales
17
35
+ 105.9%
44
66
+ 50.0%
Median Sales Price*
$1,130,000
$715,000
- 36.7%
$765,000
$865,750
+ 13.2%
Median Sales Price*
$575,000
$589,000
+ 2.4%
$505,000
$583,500
+ 15.5%
Average Sales Price*
$1,166,227
$1,116,905
- 4.2%
$997,659
$1,311,249
+ 31.4%
Average Sales Price*
$692,118
$598,995
- 13.5%
$609,078
$601,503
- 1.2%
88.4%
93.1%
+ 5.3%
88.5%
92.8%
+ 4.9%
Percent of Original List Price Received*
92.8%
94.1%
+ 1.4%
92.0%
94.5%
+ 2.7%
Days on Market Until Sale
132
111
- 15.9%
128
123
- 3.9%
Days on Market Until Sale
79
94
+ 19.0%
77
74
- 3.9%
Inventory of Homes for Sale
180
103
- 42.8%
--
--
--
Inventory of Homes for Sale
85
49
- 42.4%
--
--
--
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
March
Year to Date
March
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
41
- 4.7%
114
118
+ 3.5%
New Listings
1
5
+ 400.0%
9
10
+ 11.1%
Closed Sales
16
38
+ 137.5%
47
67
+ 42.6%
Closed Sales
2
2
0.0%
5
4
- 20.0%
Median Sales Price*
$604,000
$615,000
+ 1.8%
$600,000
$630,000
+ 5.0%
Median Sales Price*
$629,750
$440,000
- 30.1%
$265,000
$440,000
+ 66.0%
Average Sales Price*
$1,371,206
$771,158
- 43.8%
$1,101,496
$776,311
- 29.5%
Average Sales Price*
$629,750
$440,000
- 30.1%
$402,100
$423,750
+ 5.4%
94.4%
94.3%
- 0.1%
90.7%
92.7%
+ 2.2%
Percent of Original List Price Received*
96.2%
101.5%
+ 5.5%
97.6%
100.2%
+ 2.7%
Days on Market Until Sale
116
84
- 27.6%
141
122
- 13.5%
Days on Market Until Sale
69
4
- 94.2%
66
29
- 56.1%
Inventory of Homes for Sale
188
132
- 29.8%
--
--
--
Inventory of Homes for Sale
15
6
- 60.0%
--
--
--
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 —
$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 April 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 April 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 – March 2021
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
104
103
- 1.0%
270
259
- 4.1%
New Listings
139
135
- 2.9%
368
376
+ 2.2%
Closed Sales
70
85
+ 21.4%
174
227
+ 30.5%
Closed Sales
98
131
+ 33.7%
246
300
+ 22.0%
Median Sales Price*
$592,500
$630,000
+ 6.3%
$586,495
$650,000
+ 10.8%
Median Sales Price*
$535,000
$587,500
+ 9.8%
$535,000
$584,500
+ 9.3%
Average Sales Price*
$661,991
$759,849
+ 14.8%
$679,582
$791,329
+ 16.4%
Average Sales Price*
$585,377
$668,211
+ 14.2%
$585,410
$666,673
+ 13.9%
95.4%
98.5%
+ 3.2%
94.2%
97.0%
+ 3.0%
Percent of Original List Price Received*
97.3%
100.3%
+ 3.1%
96.7%
99.4%
+ 2.8%
Days on Market Until Sale
75
16
- 78.7%
79
35
- 55.7%
Days on Market Until Sale
69
21
- 69.6%
76
27
- 64.5%
Inventory of Homes for Sale
255
46
- 82.0%
--
--
--
Inventory of Homes for Sale
319
62
- 80.6%
--
--
--
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
50
57
+ 14.0%
141
157
+ 11.3%
New Listings
38
29
- 23.7%
116
94
- 19.0%
Closed Sales
38
61
+ 60.5%
74
124
+ 67.6%
Closed Sales
33
36
+ 9.1%
65
84
+ 29.2%
Median Sales Price*
$249,950
$285,000
+ 14.0%
$245,000
$287,000
+ 17.1%
Median Sales Price*
$265,000
$327,500
+ 23.6%
$290,000
$324,950
+ 12.1%
Average Sales Price*
$306,945
$416,335
+ 35.6%
$276,926
$409,820
+ 48.0%
Average Sales Price*
$283,951
$319,392
+ 12.5%
$298,328
$315,009
+ 5.6%
95.6%
98.9%
+ 3.5%
96.1%
98.0%
+ 2.0%
Percent of Original List Price Received*
97.4%
99.6%
+ 2.3%
97.2%
98.9%
+ 1.7%
Days on Market Until Sale
64
22
- 65.6%
61
39
- 36.1%
Days on Market Until Sale
67
14
- 79.1%
67
25
- 62.7%
Inventory of Homes for Sale
110
17
- 84.5%
--
--
--
Inventory of Homes for Sale
104
12
- 88.5%
--
--
--
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 $700,000
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Lower Mount Pleasant —
$250,000
$500,000
$225,000
$400,000
$200,000
$300,000
$175,000
$200,000
$150,000
1-2013
1-2015
1-2017
1-2019
1-2021
$125,000 1-2011
Single-Family Detached All MLS — Lower Mount Pleasant —
$275,000
$600,000
$100,000 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.
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of April 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.
$600,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
$350,000
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
All MLS — Upper Mount Pleasant —
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of April 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 – March 2021
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
24
40
+ 66.7%
81
86
+ 6.2%
New Listings
4
4
0.0%
18
14
- 22.2%
Closed Sales
13
28
+ 115.4%
36
64
+ 77.8%
Closed Sales
3
1
- 66.7%
11
10
- 9.1%
Median Sales Price*
$1,050,000
$1,745,000
+ 66.2%
$1,067,500
$1,555,000
+ 45.7%
Median Sales Price*
$3,050,000
$4,205,000
+ 37.9%
$2,195,000
$3,394,388
+ 54.6%
Average Sales Price*
$1,152,846
$1,613,250
+ 39.9%
$1,268,000
$1,690,805
+ 33.3%
Average Sales Price*
$2,545,500
$4,205,000
+ 65.2%
$2,257,045
$3,476,278
+ 54.0%
91.2%
96.6%
+ 5.9%
90.4%
95.6%
+ 5.8%
Percent of Original List Price Received*
91.1%
100.1%
+ 9.9%
92.5%
96.4%
+ 4.2%
Days on Market Until Sale
114
38
- 66.7%
110
44
- 60.0%
Days on Market Until Sale
66
672
+ 918.2%
67
141
+ 110.4%
Inventory of Homes for Sale
138
26
- 81.2%
--
--
--
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
March
Year to Date
March
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
20
13
- 35.0%
46
33
- 28.3%
New Listings
1
0
- 100.0%
1
3
+ 200.0%
Closed Sales
5
11
+ 120.0%
19
37
+ 94.7%
Closed Sales
1
0
- 100.0%
2
0
- 100.0%
Median Sales Price*
$691,100
$725,000
+ 4.9%
$667,000
$725,000
+ 8.7%
Median Sales Price*
$1,650,000
$0
- 100.0%
$1,625,000
$0
- 100.0%
Average Sales Price*
$711,620
$751,818
+ 5.6%
$680,128
$746,034
+ 9.7%
Average Sales Price*
$1,650,000
$0
- 100.0%
$1,625,000
$0
- 100.0%
90.7%
99.6%
+ 9.8%
92.6%
95.9%
+ 3.6%
Percent of Original List Price Received*
90.4%
0.0%
- 100.0%
89.0%
0.0%
- 100.0%
Days on Market Until Sale
168
63
- 62.5%
119
115
- 3.4%
Days on Market Until Sale
537
0
- 100.0%
527
0
- 100.0%
Inventory of Homes for Sale
84
20
- 76.2%
--
--
--
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 —
$1,400,000 $1,200,000
Inventory of Homes for Sale
* 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.
Single-Family Detached All MLS — Isle of Palms —
$700,000
$3,000,000
$600,000
$2,500,000
$500,000
$2,000,000
$400,000
$1,500,000
$300,000
$1,000,000
$200,000
$500,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Sullivan's Island —
All MLS — Sullivan's Island —
$4,000,000
$3,000,000
$1,000,000 $800,000
$2,000,000
$600,000 $400,000
$1,000,000
$200,000 $0 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 April 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 April 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 – March 2021
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
78
64
- 17.9%
243
170
- 30.0%
New Listings
180
131
- 27.2%
506
340
- 32.8%
Closed Sales
76
64
- 15.8%
176
155
- 11.9%
Closed Sales
123
122
- 0.8%
321
307
- 4.4%
Median Sales Price*
$385,000
$445,000
+ 15.6%
$375,500
$419,500
+ 11.7%
Median Sales Price*
$327,000
$363,913
+ 11.3%
$320,000
$355,000
+ 10.9%
Average Sales Price*
$477,830
$528,751
+ 10.7%
$450,042
$496,696
+ 10.4%
Average Sales Price*
$375,425
$403,981
+ 7.6%
$350,378
$398,228
+ 13.7%
96.1%
99.9%
+ 4.0%
95.5%
98.3%
+ 2.9%
Percent of Original List Price Received*
96.3%
99.1%
+ 2.9%
95.8%
97.7%
+ 2.0%
Days on Market Until Sale
47
22
- 53.2%
52
27
- 48.1%
Days on Market Until Sale
55
24
- 56.4%
54
28
- 48.1%
Inventory of Homes for Sale
162
29
- 82.1%
--
--
--
Inventory of Homes for Sale
324
59
- 81.8%
--
--
--
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
March
Year to Date
March
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
24
- 20.0%
77
58
- 24.7%
New Listings
55
55
0.0%
148
136
- 8.1%
Closed Sales
14
25
+ 78.6%
39
65
+ 66.7%
Closed Sales
47
55
+ 17.0%
120
113
- 5.8%
Median Sales Price*
$220,000
$199,850
- 9.2%
$217,000
$220,500
+ 1.6%
Median Sales Price*
$215,000
$232,000
+ 7.9%
$222,500
$211,000
- 5.2%
Average Sales Price*
$225,857
$257,844
+ 14.2%
$210,662
$240,372
+ 14.1%
Average Sales Price*
$210,741
$233,438
+ 10.8%
$215,906
$221,820
+ 2.7%
94.6%
97.1%
+ 2.6%
94.8%
96.3%
+ 1.6%
Percent of Original List Price Received*
96.8%
98.6%
+ 1.9%
96.3%
98.3%
+ 2.1%
Days on Market Until Sale
48
23
- 52.1%
45
46
+ 2.2%
Days on Market Until Sale
64
33
- 48.4%
63
31
- 50.8%
Inventory of Homes for Sale
52
10
- 80.8%
--
--
--
Inventory of Homes for Sale
88
19
- 78.4%
--
--
--
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
* 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 —
$250,000
$350,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — West Ashley Area —
$325,000
$225,000 $400,000
$240,000
$220,000
$300,000
$200,000
All MLS — West Ashley Area —
$200,000
$275,000 $300,000
$175,000
$180,000 $250,000
$150,000
$125,000 $100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
$160,000
$225,000
$200,000
$140,000
$200,000
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of April 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.
$175,000 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 April 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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