OCTOBER 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 – October 2021
Local Market Update – October 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 October
Single-Family Detached
Year to Date
October
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
45
23
- 48.9%
403
362
- 10.2%
New Listings
36
21
- 41.7%
293
241
- 17.7%
Closed Sales
21
26
+ 23.8%
179
340
+ 89.9%
Closed Sales
22
20
- 9.1%
179
217
+ 21.2%
Median Sales Price*
$1,310,000
$1,322,500
+ 1.0%
$895,000
$1,000,163
+ 11.8%
Median Sales Price*
$522,500
$563,750
+ 7.9%
$526,000
$587,000
+ 11.6%
Average Sales Price*
$1,908,710
$1,421,389
- 25.5%
$1,279,013
$1,397,806
+ 9.3%
Average Sales Price*
$566,318
$615,545
+ 8.7%
$569,655
$614,887
+ 7.9%
90.1%
91.8%
+ 1.9%
90.3%
94.0%
+ 4.1%
Percent of Original List Price Received*
94.4%
96.1%
+ 1.8%
93.5%
96.1%
+ 2.8%
Days on Market Until Sale
115
75
- 34.8%
113
88
- 22.1%
Days on Market Until Sale
63
22
- 65.1%
56
59
+ 5.4%
Inventory of Homes for Sale
218
64
- 70.6%
--
--
--
Inventory of Homes for Sale
88
37
- 58.0%
--
--
--
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
37
23
- 37.8%
372
347
- 6.7%
New Listings
6
4
- 33.3%
41
42
+ 2.4%
Closed Sales
14
24
+ 71.4%
144
294
+ 104.2%
Closed Sales
3
2
- 33.3%
21
30
+ 42.9%
Median Sales Price*
$440,068
$765,000
+ 73.8%
$575,000
$644,500
+ 12.1%
Median Sales Price*
$277,500
$466,841
+ 68.2%
$283,000
$442,000
+ 56.2%
Average Sales Price*
$571,653
$780,220
+ 36.5%
$771,969
$781,838
+ 1.3%
Average Sales Price*
$388,500
$466,841
+ 20.2%
$386,619
$517,079
+ 33.7%
88.5%
91.7%
+ 3.6%
91.8%
94.1%
+ 2.5%
Percent of Original List Price Received*
94.9%
95.8%
+ 0.9%
94.9%
97.7%
+ 3.0%
Days on Market Until Sale
199
136
- 31.7%
136
100
- 26.5%
Days on Market Until Sale
126
14
- 88.9%
82
36
- 56.1%
Inventory of Homes for Sale
185
87
- 53.0%
--
--
--
Inventory of Homes for Sale
22
7
- 68.2%
--
--
--
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 $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
$700,000
$600,000
$600,000
$500,000
$500,000
$400,000
$400,000
$300,000
$300,000
$200,000
$200,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —
All MLS — Upper Charleston Peninsula —
$500,000
$400,000
$1,000,000 $800,000
$300,000
$600,000 $400,000
$200,000
$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 November 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 November 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 – October 2021
Local Market Update – October 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 October
Single-Family Detached
Year to Date
October
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
100
75
- 25.0%
973
877
- 9.9%
New Listings
109
86
- 21.1%
1,293
1,149
- 11.1%
Closed Sales
97
76
- 21.6%
809
828
+ 2.3%
Closed Sales
134
104
- 22.4%
1,067
1,084
+ 1.6%
Median Sales Price*
$717,991
$789,250
+ 9.9%
$620,000
$740,000
+ 19.4%
Median Sales Price*
$565,000
$699,183
+ 23.7%
$536,989
$635,489
+ 18.3%
Average Sales Price*
$867,462
$1,076,297
+ 24.1%
$756,181
$912,397
+ 20.7%
Average Sales Price*
$638,240
$791,434
+ 24.0%
$601,261
$719,753
+ 19.7%
96.2%
96.8%
+ 0.6%
95.7%
98.6%
+ 3.0%
Percent of Original List Price Received*
97.9%
100.2%
+ 2.3%
97.4%
100.7%
+ 3.4%
Days on Market Until Sale
58
22
- 62.1%
56
23
- 58.9%
Days on Market Until Sale
35
20
- 42.9%
55
17
- 69.1%
Inventory of Homes for Sale
160
49
- 69.4%
--
--
--
Inventory of Homes for Sale
145
68
- 53.1%
--
--
--
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
October
Year to Date
October
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
37
28
- 24.3%
429
506
+ 17.9%
New Listings
29
34
+ 17.2%
377
328
- 13.0%
Closed Sales
38
42
+ 10.5%
346
476
+ 37.6%
Closed Sales
32
30
- 6.3%
300
294
- 2.0%
Median Sales Price*
$268,750
$365,000
+ 35.8%
$250,000
$310,000
+ 24.0%
Median Sales Price*
$356,245
$398,946
+ 12.0%
$317,450
$344,000
+ 8.4%
Average Sales Price*
$374,072
$558,799
+ 49.4%
$320,386
$420,858
+ 31.4%
Average Sales Price*
$341,657
$393,080
+ 15.1%
$312,204
$350,942
+ 12.4%
96.0%
100.1%
+ 4.3%
96.1%
99.9%
+ 4.0%
Percent of Original List Price Received*
97.1%
100.5%
+ 3.5%
97.2%
100.7%
+ 3.6%
Days on Market Until Sale
59
14
- 76.3%
51
21
- 58.8%
Days on Market Until Sale
74
16
- 78.4%
58
13
- 77.6%
Inventory of Homes for Sale
62
15
- 75.8%
--
--
--
Inventory of Homes for Sale
45
19
- 57.8%
--
--
--
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.
Historical Median Sales Price Single-Family Detached $800,000
* 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 —
$350,000
$700,000
$700,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
$600,000
$300,000 $600,000
All MLS — Upper Mount Pleasant —
$350,000
$300,000
$500,000 $250,000
$500,000
$250,000 $400,000
$400,000
$200,000
$200,000 $300,000
$300,000 $150,000
$200,000 $100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
$150,000
$200,000
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of November 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 November 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 – October 2021
Local Market Update – October 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 October
Single-Family Detached
Year to Date
October
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
31
22
- 29.0%
269
278
+ 3.3%
New Listings
6
7
+ 16.7%
57
57
0.0%
Closed Sales
34
15
- 55.9%
229
230
+ 0.4%
Closed Sales
5
3
- 40.0%
42
41
- 2.4%
Median Sales Price*
$1,115,063
$1,300,000
+ 16.6%
$1,134,500
$1,635,000
+ 44.1%
Median Sales Price*
$3,100,000
$2,600,000
- 16.1%
$2,247,500
$3,000,000
+ 33.5%
Average Sales Price*
$1,275,832
$2,074,000
+ 62.6%
$1,348,226
$1,973,848
+ 46.4%
Average Sales Price*
$2,997,000
$2,433,333
- 18.8%
$2,391,012
$3,459,385
+ 44.7%
94.5%
97.5%
+ 3.2%
92.8%
97.4%
+ 5.0%
Percent of Original List Price Received*
98.9%
100.0%
+ 1.1%
92.3%
96.4%
+ 4.4%
Days on Market Until Sale
94
40
- 57.4%
106
30
- 71.7%
Days on Market Until Sale
19
0
- 100.0%
79
71
- 10.1%
Inventory of Homes for Sale
52
34
- 34.6%
--
--
--
Inventory of Homes for Sale
18
8
- 55.6%
--
--
--
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
October
Year to Date
October
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
8
4
- 50.0%
133
100
- 24.8%
New Listings
0
1
--
3
6
+ 100.0%
Closed Sales
14
5
- 64.3%
117
100
- 14.5%
Closed Sales
0
0
--
3
4
+ 33.3%
Median Sales Price*
$625,000
$801,500
+ 28.2%
$585,000
$725,000
+ 23.9%
Median Sales Price*
$0
$0
--
$1,600,000
$580,000
- 63.8%
Average Sales Price*
$687,286
$833,300
+ 21.2%
$654,047
$764,113
+ 16.8%
Average Sales Price*
$0
$0
--
$1,264,077
$821,250
- 35.0%
96.0%
96.8%
+ 0.8%
94.3%
97.8%
+ 3.7%
Percent of Original List Price Received*
0.0%
0.0%
--
89.5%
86.6%
- 3.2%
Days on Market Until Sale
50
51
+ 2.0%
101
68
- 32.7%
Days on Market Until Sale
0
0
--
353
54
- 84.7%
Inventory of Homes for Sale
41
15
- 63.4%
--
--
--
Inventory of Homes for Sale
1
1
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
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached
All MLS — Isle of Palms —
$1,750,000
$700,000
$1,250,000
$600,000
$1,000,000
$500,000
$750,000
$400,000
$500,000
$300,000
$250,000
$200,000
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 November 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.
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
$800,000
$1,500,000
$0 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.
All MLS — Sullivan's Island —
$4,000,000
$4,000,000
$3,000,000
$3,000,000
$2,000,000
$2,000,000
$1,000,000
$1,000,000
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
All MLS — Sullivan's Island —
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of November 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 – October 2021
Local Market Update – October 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 October
Single-Family Detached
Year to Date
October
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
74
50
- 32.4%
740
663
- 10.4%
New Listings
135
128
- 5.2%
1,605
1,395
- 13.1%
Closed Sales
69
60
- 13.0%
639
607
- 5.0%
Closed Sales
151
123
- 18.5%
1,359
1,163
- 14.4%
Median Sales Price*
$422,000
$550,000
+ 30.3%
$393,235
$460,000
+ 17.0%
Median Sales Price*
$325,000
$415,000
+ 27.7%
$325,000
$388,500
+ 19.5%
Average Sales Price*
$606,057
$618,841
+ 2.1%
$485,588
$552,363
+ 13.8%
Average Sales Price*
$384,466
$490,741
+ 27.6%
$367,398
$446,312
+ 21.5%
97.4%
98.5%
+ 1.1%
96.4%
99.2%
+ 2.9%
Percent of Original List Price Received*
97.1%
98.0%
+ 0.9%
96.8%
99.1%
+ 2.4%
Days on Market Until Sale
43
25
- 41.9%
43
19
- 55.8%
Days on Market Until Sale
29
18
- 37.9%
39
18
- 53.8%
Inventory of Homes for Sale
96
40
- 58.3%
--
--
--
Inventory of Homes for Sale
177
112
- 36.7%
--
--
--
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
21
25
+ 19.0%
249
265
+ 6.4%
New Listings
47
38
- 19.1%
480
490
+ 2.1%
Closed Sales
31
20
- 35.5%
197
249
+ 26.4%
Closed Sales
38
37
- 2.6%
405
452
+ 11.6%
Median Sales Price*
$205,000
$263,450
+ 28.5%
$205,800
$230,000
+ 11.8%
Median Sales Price*
$208,500
$245,250
+ 17.6%
$215,000
$245,500
+ 14.2%
Average Sales Price*
$216,995
$281,070
+ 29.5%
$206,722
$246,319
+ 19.2%
Average Sales Price*
$213,281
$261,131
+ 22.4%
$215,557
$244,894
+ 13.6%
95.2%
98.2%
+ 3.2%
96.6%
99.5%
+ 3.0%
Percent of Original List Price Received*
97.7%
99.7%
+ 2.0%
97.3%
100.0%
+ 2.8%
Days on Market Until Sale
31
14
- 54.8%
37
19
- 48.6%
Days on Market Until Sale
27
9
- 66.7%
45
16
- 64.4%
Inventory of Homes for Sale
40
18
- 55.0%
--
--
--
Inventory of Homes for Sale
62
34
- 45.2%
--
--
--
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
* 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
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
$275,000
Rolling 12-Month Calculation
All MLS — West Ashley Area —
$400,000
$250,000 $225,000
$225,000 $300,000
$200,000 $300,000
$200,000 $175,000
$250,000 $175,000
$150,000
$200,000
$200,000
$150,000
$125,000 $100,000 1-2011
$275,000
$250,000
$350,000
$400,000
All MLS — West Ashley Area —
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 November 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.
$150,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$125,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of November 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
FOLLOW THE CASSINA GROUP