OCTOBER 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 – October 2019
Local Market Update – October 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 October
Single-Family Detached
Year to Date
October
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
52
55
+ 5.8%
354
418
+ 18.1%
New Listings
25
22
- 12.0%
236
237
+ 0.4%
Closed Sales
11
14
+ 27.3%
179
150
- 16.2%
Closed Sales
10
12
+ 20.0%
141
163
+ 15.6%
Median Sales Price*
$950,000
$1,423,750
+ 49.9%
$985,000
$1,041,518
+ 5.7%
Median Sales Price*
$366,000
$567,500
+ 55.1%
$490,000
$459,000
- 6.3%
Average Sales Price*
$1,108,000
$1,744,179
+ 57.4%
$1,326,292
$1,413,025
+ 6.5%
Average Sales Price*
$406,035
$635,750
+ 56.6%
$507,197
$489,788
- 3.4%
90.2%
88.3%
- 2.1%
91.8%
90.0%
- 2.0%
Percent of Original List Price Received*
100.2%
89.8%
- 10.4%
94.1%
91.1%
- 3.2%
Days on Market Until Sale
64
168
+ 162.5%
88
94
+ 6.8%
Days on Market Until Sale
45
78
+ 73.3%
52
66
+ 26.9%
Inventory of Homes for Sale
200
207
+ 3.5%
--
--
--
Inventory of Homes for Sale
97
73
- 24.7%
--
--
--
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
October
Year to Date
October
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
29
- 21.6%
365
352
- 3.6%
New Listings
4
5
+ 25.0%
48
35
- 27.1%
Closed Sales
12
9
- 25.0%
144
139
- 3.5%
Closed Sales
2
1
- 50.0%
25
17
- 32.0%
Median Sales Price*
$697,500
$512,500
- 26.5%
$579,000
$607,500
+ 4.9%
Median Sales Price*
$423,250
$260,000
- 38.6%
$375,000
$268,350
- 28.4%
Average Sales Price*
$1,008,042
$868,667
- 13.8%
$759,902
$747,023
- 1.7%
Average Sales Price*
$423,250
$260,000
- 38.6%
$459,122
$340,815
- 25.8%
90.5%
85.5%
- 5.5%
94.0%
91.2%
- 3.0%
Percent of Original List Price Received*
95.8%
92.9%
- 3.0%
95.5%
92.5%
- 3.1%
Days on Market Until Sale
61
76
+ 24.6%
84
94
+ 11.9%
Days on Market Until Sale
24
301
+ 1,154.2%
38
109
+ 186.8%
Inventory of Homes for Sale
177
172
- 2.8%
--
--
--
Inventory of Homes for Sale
19
19
0.0%
--
--
--
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
1-2011
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 November 8, 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 November 8, 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 – October 2019
Local Market Update – October 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 October
Single-Family Detached
Year to Date
October
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
92
85
- 7.6%
989
1,039
+ 5.1%
New Listings
127
121
- 4.7%
1,346
1,377
+ 2.3%
Closed Sales
53
45
- 15.1%
703
684
- 2.7%
Closed Sales
61
93
+ 52.5%
827
973
+ 17.7%
Median Sales Price*
$535,000
$590,000
+ 10.3%
$568,065
$565,715
- 0.4%
Median Sales Price*
$538,091
$530,000
- 1.5%
$520,010
$515,000
- 1.0%
Average Sales Price*
$651,570
$672,258
+ 3.2%
$670,830
$684,628
+ 2.1%
Average Sales Price*
$607,334
$582,851
- 4.0%
$573,603
$570,044
- 0.6%
95.5%
93.7%
- 1.9%
95.4%
94.4%
- 1.0%
Percent of Original List Price Received*
95.8%
96.4%
+ 0.6%
96.4%
96.5%
+ 0.1%
Days on Market Until Sale
44
65
+ 47.7%
50
61
+ 22.0%
Days on Market Until Sale
56
68
+ 21.4%
74
72
- 2.7%
Inventory of Homes for Sale
272
267
- 1.8%
--
--
--
Inventory of Homes for Sale
455
314
- 31.0%
--
--
--
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
October
Year to Date
October
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
35
- 12.5%
411
356
- 13.4%
New Listings
40
29
- 27.5%
428
390
- 8.9%
Closed Sales
22
22
0.0%
303
278
- 8.3%
Closed Sales
26
20
- 23.1%
305
287
- 5.9%
Median Sales Price*
$237,385
$253,750
+ 6.9%
$240,000
$249,450
+ 3.9%
Median Sales Price*
$337,438
$235,000
- 30.4%
$313,000
$304,900
- 2.6%
Average Sales Price*
$318,453
$352,886
+ 10.8%
$327,387
$347,916
+ 6.3%
Average Sales Price*
$316,803
$259,985
- 17.9%
$298,719
$292,620
- 2.0%
96.7%
94.3%
- 2.5%
96.8%
95.8%
- 1.0%
Percent of Original List Price Received*
97.7%
96.0%
- 1.7%
97.5%
96.3%
- 1.2%
Days on Market Until Sale
27
35
+ 29.6%
44
53
+ 20.5%
Days on Market Until Sale
29
79
+ 172.4%
48
63
+ 31.3%
Inventory of Homes for Sale
100
86
- 14.0%
--
--
--
Inventory of Homes for Sale
110
92
- 16.4%
--
--
--
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 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 November 8, 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 November 8, 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 – October 2019
Local Market Update – October 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 October
Single-Family Detached
Year to Date
October
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
34
19
- 44.1%
255
265
+ 3.9%
New Listings
8
4
- 50.0%
80
57
- 28.8%
Closed Sales
17
9
- 47.1%
163
152
- 6.7%
Closed Sales
2
4
+ 100.0%
54
41
- 24.1%
Median Sales Price*
$763,500
$1,112,000
+ 45.6%
$925,000
$1,078,750
+ 16.6%
Median Sales Price*
$2,157,500
$3,250,000
+ 50.6%
$1,981,800
$2,100,000
+ 6.0%
Average Sales Price*
$1,167,676
$1,265,778
+ 8.4%
$1,251,797
$1,417,781
+ 13.3%
Average Sales Price*
$2,157,500
$3,175,000
+ 47.2%
$2,182,122
$2,325,802
+ 6.6%
91.3%
90.4%
- 1.0%
91.9%
91.6%
- 0.3%
Percent of Original List Price Received*
86.7%
85.5%
- 1.4%
93.7%
88.0%
- 6.1%
Days on Market Until Sale
101
83
- 17.8%
116
103
- 11.2%
Days on Market Until Sale
86
211
+ 145.3%
81
109
+ 34.6%
Inventory of Homes for Sale
139
129
- 7.2%
--
--
--
Inventory of Homes for Sale
26
21
- 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.
* 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
October
Year to Date
October
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
10
16
+ 60.0%
114
129
+ 13.2%
New Listings
0
0
--
6
2
- 66.7%
Closed Sales
7
6
- 14.3%
82
72
- 12.2%
Closed Sales
0
0
--
2
3
+ 50.0%
Median Sales Price*
$640,000
$501,500
- 21.6%
$545,000
$487,000
- 10.6%
Median Sales Price*
$0
$0
--
$487,500
$1,735,000
+ 255.9%
Average Sales Price*
$571,929
$515,750
- 9.8%
$590,301
$558,949
- 5.3%
Average Sales Price*
$0
$0
--
$487,500
$1,397,500
+ 186.7%
95.0%
95.6%
+ 0.6%
94.3%
94.8%
+ 0.5%
Percent of Original List Price Received*
0.0%
0.0%
--
97.5%
96.5%
- 1.0%
Days on Market Until Sale
73
99
+ 35.6%
94
103
+ 9.6%
Days on Market Until Sale
0
0
--
13
170
+ 1,207.7%
Inventory of Homes for Sale
65
80
+ 23.1%
--
--
--
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 November 8, 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 November 8, 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 – October 2019
Local Market Update – October 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 October
Single-Family Detached
Year to Date
October
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
74
83
+ 12.2%
814
896
+ 10.1%
New Listings
172
140
- 18.6%
1,582
1,585
+ 0.2%
Closed Sales
59
50
- 15.3%
618
611
- 1.1%
Closed Sales
98
102
+ 4.1%
1,179
1,107
- 6.1%
Median Sales Price*
$380,000
$394,000
+ 3.7%
$372,000
$362,500
- 2.6%
Median Sales Price*
$302,250
$312,500
+ 3.4%
$309,990
$317,000
+ 2.3%
Average Sales Price*
$414,855
$513,540
+ 23.8%
$436,619
$448,886
+ 2.8%
Average Sales Price*
$311,239
$351,867
+ 13.1%
$344,671
$343,350
- 0.4%
95.3%
95.5%
+ 0.2%
96.9%
95.7%
- 1.2%
Percent of Original List Price Received*
94.1%
94.4%
+ 0.3%
96.5%
95.5%
- 1.0%
Days on Market Until Sale
60
38
- 36.7%
40
48
+ 20.0%
Days on Market Until Sale
51
65
+ 27.5%
39
49
+ 25.6%
Inventory of Homes for Sale
221
195
- 11.8%
--
--
--
Inventory of Homes for Sale
391
331
- 15.3%
--
--
--
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
October
Year to Date
October
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
17
- 15.0%
224
255
+ 13.8%
New Listings
40
34
- 15.0%
465
533
+ 14.6%
Closed Sales
18
13
- 27.8%
179
212
+ 18.4%
Closed Sales
25
29
+ 16.0%
379
413
+ 9.0%
Median Sales Price*
$171,500
$228,000
+ 32.9%
$195,000
$210,500
+ 7.9%
Median Sales Price*
$210,000
$202,800
- 3.4%
$185,000
$209,990
+ 13.5%
Average Sales Price*
$179,339
$248,523
+ 38.6%
$195,530
$224,076
+ 14.6%
Average Sales Price*
$208,885
$207,019
- 0.9%
$185,541
$210,553
+ 13.5%
95.5%
96.6%
+ 1.2%
96.6%
97.4%
+ 0.8%
Percent of Original List Price Received*
96.1%
95.9%
- 0.2%
97.4%
97.1%
- 0.3%
Days on Market Until Sale
51
44
- 13.7%
46
38
- 17.4%
Days on Market Until Sale
41
66
+ 61.0%
37
45
+ 21.6%
Inventory of Homes for Sale
59
52
- 11.9%
--
--
--
Inventory of Homes for Sale
101
86
- 14.9%
--
--
--
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
* 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 November 8, 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 November 8, 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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