NOVEMBER 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 – November 2019
Local Market Update – November 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 November
Single-Family Detached
Year to Date
November
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
28
18
- 35.7%
382
436
+ 14.1%
New Listings
19
21
+ 10.5%
255
258
+ 1.2%
Closed Sales
8
13
+ 62.5%
187
163
- 12.8%
Closed Sales
5
7
+ 40.0%
146
170
+ 16.4%
Median Sales Price*
$671,250
$925,000
+ 37.8%
$967,500
$1,000,000
+ 3.4%
Median Sales Price*
$392,000
$490,000
+ 25.0%
$483,175
$460,000
- 4.8%
Average Sales Price*
$1,485,063
$1,460,423
- 1.7%
$1,333,085
$1,416,805
+ 6.3%
Average Sales Price*
$385,900
$473,500
+ 22.7%
$503,043
$489,117
- 2.8%
89.0%
86.9%
- 2.4%
91.7%
89.7%
- 2.2%
Percent of Original List Price Received*
92.5%
90.5%
- 2.2%
94.1%
91.1%
- 3.2%
Days on Market Until Sale
93
109
+ 17.2%
88
95
+ 8.0%
Days on Market Until Sale
121
142
+ 17.4%
54
69
+ 27.8%
Inventory of Homes for Sale
202
196
- 3.0%
--
--
--
Inventory of Homes for Sale
94
72
- 23.4%
--
--
--
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
November
Year to Date
November
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
21
24
+ 14.3%
386
376
- 2.6%
New Listings
1
3
+ 200.0%
49
38
- 22.4%
Closed Sales
33
15
- 54.5%
177
154
- 13.0%
Closed Sales
2
1
- 50.0%
27
18
- 33.3%
Median Sales Price*
$746,000
$779,000
+ 4.4%
$610,000
$607,500
- 0.4%
Median Sales Price*
$252,500
$1,175,000
+ 365.3%
$375,000
$274,175
- 26.9%
Average Sales Price*
$726,364
$893,800
+ 23.1%
$753,649
$761,320
+ 1.0%
Average Sales Price*
$252,500
$1,175,000
+ 365.3%
$443,817
$387,158
- 12.8%
97.4%
89.6%
- 8.0%
94.6%
91.1%
- 3.7%
Percent of Original List Price Received*
87.5%
94.0%
+ 7.4%
94.9%
92.6%
- 2.4%
Days on Market Until Sale
37
110
+ 197.3%
76
95
+ 25.0%
Days on Market Until Sale
15
45
+ 200.0%
37
106
+ 186.5%
Inventory of Homes for Sale
172
164
- 4.7%
--
--
--
Inventory of Homes for Sale
17
16
- 5.9%
--
--
--
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
1-2011
1-2013
1-2015
1-2017
1-2019
$100,000 1-2009
$200,000
$200,000
$200,000
$200,000 $0 1-2009
All MLS — Upper Charleston Peninsula —
1-2011
1-2013
1-2015
1-2017
1-2019
Current as of December 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 December 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 – November 2019
Local Market Update – November 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 November
Single-Family Detached
Year to Date
November
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
89
71
- 20.2%
1,078
1,111
+ 3.1%
New Listings
77
96
+ 24.7%
1,423
1,475
+ 3.7%
Closed Sales
50
55
+ 10.0%
753
742
- 1.5%
Closed Sales
65
88
+ 35.4%
892
1,062
+ 19.1%
Median Sales Price*
$574,771
$570,000
- 0.8%
$568,625
$568,450
- 0.0%
Median Sales Price*
$517,500
$497,705
- 3.8%
$520,000
$513,665
- 1.2%
Average Sales Price*
$750,934
$655,857
- 12.7%
$676,156
$686,600
+ 1.5%
Average Sales Price*
$566,898
$540,281
- 4.7%
$573,114
$567,592
- 1.0%
93.5%
92.8%
- 0.7%
95.3%
94.3%
- 1.0%
Percent of Original List Price Received*
95.1%
96.7%
+ 1.7%
96.3%
96.5%
+ 0.2%
Days on Market Until Sale
58
69
+ 19.0%
51
62
+ 21.6%
Days on Market Until Sale
74
72
- 2.7%
74
72
- 2.7%
Inventory of Homes for Sale
275
260
- 5.5%
--
--
--
Inventory of Homes for Sale
442
301
- 31.9%
--
--
--
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
November
Year to Date
November
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
30
26
- 13.3%
441
382
- 13.4%
New Listings
27
22
- 18.5%
455
412
- 9.5%
Closed Sales
26
21
- 19.2%
329
299
- 9.1%
Closed Sales
26
19
- 26.9%
331
306
- 7.6%
Median Sales Price*
$255,000
$233,000
- 8.6%
$242,000
$248,500
+ 2.7%
Median Sales Price*
$368,428
$300,000
- 18.6%
$317,630
$304,700
- 4.1%
Average Sales Price*
$504,602
$294,121
- 41.7%
$341,392
$344,137
+ 0.8%
Average Sales Price*
$324,341
$293,640
- 9.5%
$300,731
$292,683
- 2.7%
96.1%
95.0%
- 1.1%
96.7%
95.7%
- 1.0%
Percent of Original List Price Received*
95.7%
96.7%
+ 1.0%
97.4%
96.3%
- 1.1%
Days on Market Until Sale
96
52
- 45.8%
48
53
+ 10.4%
Days on Market Until Sale
63
81
+ 28.6%
49
64
+ 30.6%
Inventory of Homes for Sale
99
82
- 17.2%
--
--
--
Inventory of Homes for Sale
104
84
- 19.2%
--
--
--
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 December 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 December 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 – November 2019
Local Market Update – November 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 November
Single-Family Detached
Year to Date
November
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
22
20
- 9.1%
277
285
+ 2.9%
New Listings
7
6
- 14.3%
87
63
- 27.6%
Closed Sales
7
12
+ 71.4%
170
164
- 3.5%
Closed Sales
5
7
+ 40.0%
59
48
- 18.6%
Median Sales Price*
$975,000
$1,207,500
+ 23.8%
$925,000
$1,097,500
+ 18.6%
Median Sales Price*
$2,770,000
$2,250,000
- 18.8%
$2,050,000
$2,142,500
+ 4.5%
Average Sales Price*
$1,143,429
$1,458,219
+ 27.5%
$1,247,335
$1,420,740
+ 13.9%
Average Sales Price*
$2,379,000
$2,202,857
- 7.4%
$2,198,807
$2,307,872
+ 5.0%
92.7%
89.9%
- 3.0%
92.0%
91.5%
- 0.5%
Percent of Original List Price Received*
90.3%
86.6%
- 4.1%
93.4%
87.8%
- 6.0%
Days on Market Until Sale
46
212
+ 360.9%
113
111
- 1.8%
Days on Market Until Sale
81
153
+ 88.9%
81
115
+ 42.0%
Inventory of Homes for Sale
136
121
- 11.0%
--
--
--
Inventory of Homes for Sale
25
18
- 28.0%
--
--
--
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.
* 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
November
Year to Date
November
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
7
11
+ 57.1%
121
140
+ 15.7%
New Listings
0
1
--
6
3
- 50.0%
Closed Sales
6
5
- 16.7%
88
77
- 12.5%
Closed Sales
0
0
--
2
3
+ 50.0%
Median Sales Price*
$737,500
$423,000
- 42.6%
$582,500
$485,000
- 16.7%
Median Sales Price*
$0
$0
--
$487,500
$1,735,000
+ 255.9%
Average Sales Price*
$725,833
$507,200
- 30.1%
$599,542
$555,588
- 7.3%
Average Sales Price*
$0
$0
--
$487,500
$1,397,500
+ 186.7%
90.7%
96.0%
+ 5.8%
94.0%
94.9%
+ 1.0%
Percent of Original List Price Received*
0.0%
0.0%
--
97.5%
96.5%
- 1.0%
Days on Market Until Sale
220
69
- 68.6%
103
100
- 2.9%
Days on Market Until Sale
0
0
--
13
170
+ 1,207.7%
Inventory of Homes for Sale
66
84
+ 27.3%
--
--
--
Inventory of Homes for Sale
4
1
- 75.0%
--
--
--
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 $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 December 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 December 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 – November 2019
Local Market Update – November 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 November
Single-Family Detached
Year to Date
November
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
64
71
+ 10.9%
878
966
+ 10.0%
New Listings
104
121
+ 16.3%
1,687
1,708
+ 1.2%
Closed Sales
46
48
+ 4.3%
664
659
- 0.8%
Closed Sales
89
93
+ 4.5%
1,268
1,200
- 5.4%
Median Sales Price*
$361,000
$343,500
- 4.8%
$371,000
$360,000
- 3.0%
Median Sales Price*
$300,000
$295,000
- 1.7%
$309,220
$315,000
+ 1.9%
Average Sales Price*
$424,446
$350,771
- 17.4%
$435,775
$441,739
+ 1.4%
Average Sales Price*
$337,227
$313,581
- 7.0%
$344,148
$341,043
- 0.9%
97.2%
93.3%
- 4.0%
96.9%
95.6%
- 1.3%
Percent of Original List Price Received*
95.6%
94.0%
- 1.7%
96.5%
95.3%
- 1.2%
Days on Market Until Sale
34
37
+ 8.8%
39
47
+ 20.5%
Days on Market Until Sale
39
45
+ 15.4%
39
48
+ 23.1%
Inventory of Homes for Sale
225
182
- 19.1%
--
--
--
Inventory of Homes for Sale
377
316
- 16.2%
--
--
--
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
November
Year to Date
November
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
13
10
- 23.1%
237
265
+ 11.8%
New Listings
24
41
+ 70.8%
490
574
+ 17.1%
Closed Sales
10
9
- 10.0%
189
221
+ 16.9%
Closed Sales
26
41
+ 57.7%
405
454
+ 12.1%
Median Sales Price*
$164,450
$229,000
+ 39.3%
$195,000
$211,000
+ 8.2%
Median Sales Price*
$187,500
$173,900
- 7.3%
$185,000
$208,500
+ 12.7%
Average Sales Price*
$239,330
$230,656
- 3.6%
$197,848
$224,344
+ 13.4%
Average Sales Price*
$172,140
$180,084
+ 4.6%
$184,681
$207,729
+ 12.5%
96.4%
94.2%
- 2.3%
96.6%
97.3%
+ 0.7%
Percent of Original List Price Received*
97.0%
98.1%
+ 1.1%
97.4%
97.2%
- 0.2%
Days on Market Until Sale
79
49
- 38.0%
48
39
- 18.8%
Days on Market Until Sale
25
45
+ 80.0%
37
45
+ 21.6%
Inventory of Homes for Sale
61
44
- 27.9%
--
--
--
Inventory of Homes for Sale
99
97
- 2.0%
--
--
--
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 — James Island —
$400,000
$350,000
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
$220,000
All MLS — West Ashley Area —
$325,000
$200,000
$300,000
$180,000
$275,000
$160,000
$250,000
$140,000
$225,000
$120,000
$200,000
Rolling 12-Month Calculation
$220,000
$200,000
$300,000
$180,000
$250,000
$160,000
$200,000
$150,000 1-2009
All MLS — West Ashley Area —
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 December 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.
$175,000 1-2009
$140,000
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 December 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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