OCTOBER 2020
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 2020
Local Market Update – October 2020
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
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
55
45
- 18.2%
418
404
- 3.3%
New Listings
22
35
+ 59.1%
237
292
+ 23.2%
Closed Sales
14
21
+ 50.0%
150
179
+ 19.3%
Closed Sales
12
22
+ 83.3%
163
176
+ 8.0%
Median Sales Price*
$1,423,750
1,310,000
- 8.0%
$1,041,518
$880,000
- 15.5%
Median Sales Price*
$567,500
522,500
- 7.9%
$459,000
$537,500
+ 17.1%
Average Sales Price*
$1,744,179
$1,908,710
+ 9.4%
$1,413,041
$1,274,628
- 9.8%
Average Sales Price*
$635,750
$566,318
- 10.9%
$489,788
$573,388
+ 17.1%
88.3%
90.1%
+ 2.0%
90.0%
90.3%
+ 0.3%
Percent of Original List Price Received*
89.8%
94.4%
+ 5.1%
91.1%
93.4%
+ 2.5%
Days on Market Until Sale
168
115
- 31.5%
94
114
+ 21.3%
Days on Market Until Sale
78
63
- 19.2%
66
56
- 15.2%
Inventory of Homes for Sale
224
210
- 6.3%
--
--
--
Inventory of Homes for Sale
88
81
- 8.0%
--
--
--
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
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
28
37
+ 32.1%
351
372
+ 6.0%
New Listings
5
6
+ 20.0%
35
41
+ 17.1%
Closed Sales
10
14
+ 40.0%
139
144
+ 3.6%
Closed Sales
1
3
+ 200.0%
17
21
+ 23.5%
Median Sales Price*
$467,500
$440,068
- 5.9%
$600,000
$575,000
- 4.2%
Median Sales Price*
$260,000
$277,500
+ 6.7%
$268,350
$283,000
+ 5.5%
Average Sales Price*
$818,800
$571,653
- 30.2%
$741,412
$771,969
+ 4.1%
Average Sales Price*
$260,000
$388,500
+ 49.4%
$340,815
$386,619
+ 13.4%
86.8%
88.5%
+ 2.0%
91.3%
91.8%
+ 0.5%
Percent of Original List Price Received*
92.9%
94.9%
+ 2.2%
92.5%
94.9%
+ 2.6%
Days on Market Until Sale
69
199
+ 188.4%
92
136
+ 47.8%
Days on Market Until Sale
301
126
- 58.1%
109
82
- 24.8%
Inventory of Homes for Sale
184
178
- 3.3%
--
--
--
Inventory of Homes for Sale
20
21
+ 5.0%
--
--
--
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
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
$200,000
$200,000
$200,000
$200,000 $0 1-2010
All MLS — Upper Charleston Peninsula —
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of November 16, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of November 16, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – October 2020
Local Market Update – October 2020
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
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
86
100
+ 16.3%
1,038
973
- 6.3%
New Listings
120
109
- 9.2%
1,378
1,293
- 6.2%
Closed Sales
48
97
+ 102.1%
688
806
+ 17.2%
Closed Sales
92
135
+ 46.7%
974
1,067
+ 9.5%
Median Sales Price*
$610,500
717,991
+ 17.6%
$568,450
$620,000
+ 9.1%
Median Sales Price*
$530,000
565,000
+ 6.6%
$515,000
$536,989
+ 4.3%
Average Sales Price*
$734,566
$867,462
+ 18.1%
$689,103
$755,906
+ 9.7%
Average Sales Price*
$583,119
$641,120
+ 9.9%
$570,060
$601,602
+ 5.5%
93.6%
96.2%
+ 2.8%
94.4%
95.7%
+ 1.4%
Percent of Original List Price Received*
96.4%
97.9%
+ 1.6%
96.5%
97.4%
+ 0.9%
Days on Market Until Sale
71
58
- 18.3%
62
56
- 9.7%
Days on Market Until Sale
69
34
- 50.7%
72
55
- 23.6%
Inventory of Homes for Sale
301
141
- 53.2%
--
--
--
Inventory of Homes for Sale
354
135
- 61.9%
--
--
--
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
October
Year to Date
October
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
35
37
+ 5.7%
356
429
+ 20.5%
New Listings
29
29
0.0%
390
377
- 3.3%
Closed Sales
23
38
+ 65.2%
279
346
+ 24.0%
Closed Sales
20
31
+ 55.0%
287
298
+ 3.8%
Median Sales Price*
$265,000
$268,750
+ 1.4%
$249,900
$250,000
+ 0.0%
Median Sales Price*
$235,000
$352,500
+ 50.0%
$304,900
$315,900
+ 3.6%
Average Sales Price*
$349,152
$374,072
+ 7.1%
$347,622
$320,386
- 7.8%
Average Sales Price*
$259,985
$339,677
+ 30.7%
$292,620
$311,641
+ 6.5%
94.1%
96.0%
+ 2.0%
95.8%
96.1%
+ 0.3%
Percent of Original List Price Received*
96.0%
97.0%
+ 1.0%
96.3%
97.1%
+ 0.8%
Days on Market Until Sale
36
59
+ 63.9%
53
51
- 3.8%
Days on Market Until Sale
79
77
- 2.5%
63
58
- 7.9%
Inventory of Homes for Sale
100
57
- 43.0%
--
--
--
Inventory of Homes for Sale
99
35
- 64.6%
--
--
--
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 $700,000
* 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
$600,000
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$220,000
$500,000
$200,000 $400,000 $180,000 $300,000 $160,000 $200,000
$100,000 1-2010
$140,000
1-2012
1-2014
1-2016
1-2018
1-2020
$120,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of November 16, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of November 16, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – October 2020
Local Market Update – October 2020
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
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
19
31
+ 63.2%
265
269
+ 1.5%
New Listings
4
6
+ 50.0%
57
58
+ 1.8%
Closed Sales
9
34
+ 277.8%
152
229
+ 50.7%
Closed Sales
4
5
+ 25.0%
41
42
+ 2.4%
Median Sales Price*
$1,112,000
1,115,063
+ 0.3%
$1,078,750
$1,134,500
+ 5.2%
Median Sales Price*
$3,250,000
3,100,000
- 4.6%
$2,100,000
$2,247,500
+ 7.0%
Average Sales Price*
$1,265,778
$1,275,832
+ 0.8%
$1,417,781
$1,348,226
- 4.9%
Average Sales Price*
$3,175,000
$2,997,000
- 5.6%
$2,325,802
$2,391,012
+ 2.8%
90.4%
94.5%
+ 4.5%
91.6%
92.8%
+ 1.3%
Percent of Original List Price Received*
85.5%
98.9%
+ 15.7%
88.0%
92.3%
+ 4.9%
Days on Market Until Sale
83
94
+ 13.3%
103
106
+ 2.9%
Days on Market Until Sale
211
19
- 91.0%
109
79
- 27.5%
Inventory of Homes for Sale
146
47
- 67.8%
--
--
--
Inventory of Homes for Sale
23
18
- 21.7%
--
--
--
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
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
16
8
- 50.0%
129
133
+ 3.1%
New Listings
0
0
--
2
3
+ 50.0%
Closed Sales
6
14
+ 133.3%
72
117
+ 62.5%
Closed Sales
0
0
--
3
3
0.0%
Median Sales Price*
$501,500
$625,000
+ 24.6%
$487,000
$585,000
+ 20.1%
Median Sales Price*
$0
$0
--
$1,735,000
$1,600,000
- 7.8%
Average Sales Price*
$515,750
$687,286
+ 33.3%
$558,949
$654,047
+ 17.0%
Average Sales Price*
$0
$0
--
$1,397,500
$1,264,077
- 9.5%
95.6%
96.0%
+ 0.4%
94.8%
94.3%
- 0.5%
Percent of Original List Price Received*
0.0%
0.0%
--
96.5%
89.5%
- 7.3%
Days on Market Until Sale
99
50
- 49.5%
103
101
- 1.9%
Days on Market Until Sale
0
0
--
170
353
+ 107.6%
Inventory of Homes for Sale
81
40
- 50.6%
--
--
--
Inventory of Homes for Sale
1
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 —
$1,200,000
$700,000
$1,000,000
$600,000
$800,000
$500,000
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
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 $1,500,000
$600,000
$400,000
$2,000,000 $1,000,000
$400,000
$300,000
$200,000
$200,000
$0 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
$1,000,000
$500,000
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of November 16, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$0 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$0 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of November 16, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – October 2020
Local Market Update – October 2020
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
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
81
74
- 8.6%
894
740
- 17.2%
New Listings
144
136
- 5.6%
1,587
1,614
+ 1.7%
Closed Sales
50
69
+ 38.0%
612
639
+ 4.4%
Closed Sales
102
151
+ 48.0%
1,108
1,362
+ 22.9%
Median Sales Price*
$394,000
422,000
+ 7.1%
$362,500
$393,235
+ 8.5%
Median Sales Price*
$312,500
325,000
+ 4.0%
$317,000
$325,000
+ 2.5%
Average Sales Price*
$513,540
$606,057
+ 18.0%
$448,910
$485,588
+ 8.2%
Average Sales Price*
$351,867
$384,466
+ 9.3%
$343,279
$368,139
+ 7.2%
95.5%
97.4%
+ 2.0%
95.7%
96.4%
+ 0.7%
Percent of Original List Price Received*
94.4%
97.1%
+ 2.9%
95.5%
96.8%
+ 1.4%
Days on Market Until Sale
38
43
+ 13.2%
48
43
- 10.4%
Days on Market Until Sale
65
29
- 55.4%
49
39
- 20.4%
Inventory of Homes for Sale
225
89
- 60.4%
--
--
--
Inventory of Homes for Sale
370
150
- 59.5%
--
--
--
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
October
Year to Date
October
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
17
21
+ 23.5%
255
249
- 2.4%
New Listings
34
48
+ 41.2%
533
481
- 9.8%
Closed Sales
13
31
+ 138.5%
212
197
- 7.1%
Closed Sales
29
37
+ 27.6%
413
403
- 2.4%
Median Sales Price*
$228,000
$205,000
- 10.1%
$210,500
$205,800
- 2.2%
Median Sales Price*
$202,800
$225,000
+ 10.9%
$209,990
$215,000
+ 2.4%
Average Sales Price*
$248,523
$216,995
- 12.7%
$224,076
$206,722
- 7.7%
Average Sales Price*
$207,019
$214,640
+ 3.7%
$210,473
$215,525
+ 2.4%
96.6%
95.2%
- 1.4%
97.4%
96.6%
- 0.8%
Percent of Original List Price Received*
95.9%
97.7%
+ 1.9%
97.1%
97.3%
+ 0.2%
Days on Market Until Sale
44
31
- 29.5%
38
37
- 2.6%
Days on Market Until Sale
66
28
- 57.6%
45
46
+ 2.2%
Inventory of Homes for Sale
57
36
- 36.8%
--
--
--
Inventory of Homes for Sale
104
59
- 43.3%
--
--
--
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
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
$240,000
All MLS — West Ashley Area —
$350,000
$220,000
$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
$240,000
$220,000
$350,000
$300,000
All MLS — West Ashley Area —
$200,000
$180,000 $250,000
$160,000
$200,000
$150,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of November 16, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$175,000 1-2010
$140,000
1-2012
1-2014
1-2016
1-2018
1-2020
$120,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of November 16, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 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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