SEPTEMBER 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 – September 2020
Local Market Update – September 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 September
Single-Family Detached
Year to Date
September
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
42
34
- 19.0%
364
360
- 1.1%
New Listings
18
27
+ 50.0%
215
257
+ 19.5%
Closed Sales
11
19
+ 72.7%
136
158
+ 16.2%
Closed Sales
12
18
+ 50.0%
151
153
+ 1.3%
Median Sales Price*
$1,138,236
1,035,000
- 9.1%
$1,032,518
$770,000
- 25.4%
Median Sales Price*
$430,000
570,000
+ 32.6%
$450,000
$535,000
+ 18.9%
Average Sales Price*
$1,090,021
$1,508,434
+ 38.4%
$1,378,954
$1,190,351
- 13.7%
Average Sales Price*
$460,882
$606,750
+ 31.6%
$478,188
$574,230
+ 20.1%
90.3%
92.1%
+ 2.0%
90.2%
90.3%
+ 0.1%
Percent of Original List Price Received*
95.7%
95.9%
+ 0.2%
91.2%
93.2%
+ 2.2%
Days on Market Until Sale
58
116
+ 100.0%
87
114
+ 31.0%
Days on Market Until Sale
52
43
- 17.3%
65
55
- 15.4%
Inventory of Homes for Sale
218
207
- 5.0%
--
--
--
Inventory of Homes for Sale
86
80
- 7.0%
--
--
--
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
September
Year to Date
September
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
23
42
+ 82.6%
322
335
+ 4.0%
New Listings
4
6
+ 50.0%
30
35
+ 16.7%
Closed Sales
7
10
+ 42.9%
129
130
+ 0.8%
Closed Sales
1
0
- 100.0%
16
18
+ 12.5%
Median Sales Price*
$915,000
$435,000
- 52.5%
$607,500
$587,500
- 3.3%
Median Sales Price*
$260,000
$0
- 100.0%
$274,175
$289,000
+ 5.4%
Average Sales Price*
$941,857
$468,050
- 50.3%
$735,413
$793,541
+ 7.9%
Average Sales Price*
$260,000
$0
- 100.0%
$345,866
$386,306
+ 11.7%
87.5%
93.1%
+ 6.4%
91.7%
92.2%
+ 0.5%
Percent of Original List Price Received*
96.3%
0.0%
- 100.0%
92.5%
94.9%
+ 2.6%
Days on Market Until Sale
140
170
+ 21.4%
94
130
+ 38.3%
Days on Market Until Sale
9
0
- 100.0%
97
75
- 22.7%
Inventory of Homes for Sale
188
182
- 3.2%
--
--
--
Inventory of Homes for Sale
16
19
+ 18.8%
--
--
--
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 $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 October 9, 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 October 9, 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 – September 2020
Local Market Update – September 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 September
Single-Family Detached
Year to Date
September
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
61
89
+ 45.9%
952
873
- 8.3%
New Listings
104
119
+ 14.4%
1,258
1,184
- 5.9%
Closed Sales
55
101
+ 83.6%
640
705
+ 10.2%
Closed Sales
84
123
+ 46.4%
882
931
+ 5.6%
Median Sales Price*
$545,000
645,000
+ 18.3%
$565,000
$611,000
+ 8.1%
Median Sales Price*
$501,738
535,000
+ 6.6%
$513,055
$535,000
+ 4.3%
Average Sales Price*
$612,324
$857,018
+ 40.0%
$685,693
$741,683
+ 8.2%
Average Sales Price*
$556,265
$587,562
+ 5.6%
$568,698
$595,835
+ 4.8%
93.9%
95.9%
+ 2.1%
94.4%
95.6%
+ 1.3%
Percent of Original List Price Received*
96.0%
98.4%
+ 2.5%
96.5%
97.3%
+ 0.8%
Days on Market Until Sale
57
52
- 8.8%
61
56
- 8.2%
Days on Market Until Sale
89
44
- 50.6%
72
58
- 19.4%
Inventory of Homes for Sale
311
167
- 46.3%
--
--
--
Inventory of Homes for Sale
377
179
- 52.5%
--
--
--
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
September
Year to Date
September
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
22
44
+ 100.0%
321
392
+ 22.1%
New Listings
26
45
+ 73.1%
361
348
- 3.6%
Closed Sales
23
58
+ 152.2%
256
307
+ 19.9%
Closed Sales
23
37
+ 60.9%
267
266
- 0.4%
Median Sales Price*
$232,000
$266,250
+ 14.8%
$249,450
$250,000
+ 0.2%
Median Sales Price*
$280,000
$324,000
+ 15.7%
$305,000
$311,250
+ 2.0%
Average Sales Price*
$302,539
$362,046
+ 19.7%
$347,485
$314,052
- 9.6%
Average Sales Price*
$281,752
$311,661
+ 10.6%
$295,064
$308,658
+ 4.6%
94.4%
96.2%
+ 1.9%
95.9%
96.2%
+ 0.3%
Percent of Original List Price Received*
94.6%
97.3%
+ 2.9%
96.3%
97.2%
+ 0.9%
Days on Market Until Sale
63
51
- 19.0%
55
51
- 7.3%
Days on Market Until Sale
65
48
- 26.2%
62
56
- 9.7%
Inventory of Homes for Sale
91
55
- 39.6%
--
--
--
Inventory of Homes for Sale
97
41
- 57.7%
--
--
--
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.
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 October 9, 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 October 9, 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 – September 2020
Local Market Update – September 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 September
Single-Family Detached
Year to Date
September
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
13
27
+ 107.7%
246
238
- 3.3%
New Listings
2
4
+ 100.0%
53
52
- 1.9%
Closed Sales
17
42
+ 147.1%
143
191
+ 33.6%
Closed Sales
4
7
+ 75.0%
37
37
0.0%
Median Sales Price*
$1,045,000
1,100,000
+ 5.3%
$1,062,500
$1,100,000
+ 3.5%
Median Sales Price*
$1,442,500
1,925,000
+ 33.4%
$1,950,000
$2,195,000
+ 12.6%
Average Sales Price*
$1,468,700
$1,259,717
- 14.2%
$1,427,347
$1,337,100
- 6.3%
Average Sales Price*
$1,743,750
$1,992,143
+ 14.2%
$2,233,997
$2,309,122
+ 3.4%
90.8%
94.6%
+ 4.2%
91.7%
92.4%
+ 0.8%
Percent of Original List Price Received*
85.9%
89.5%
+ 4.2%
88.3%
91.4%
+ 3.5%
Days on Market Until Sale
129
71
- 45.0%
104
110
+ 5.8%
Days on Market Until Sale
87
120
+ 37.9%
98
87
- 11.2%
Inventory of Homes for Sale
157
48
- 69.4%
--
--
--
Inventory of Homes for Sale
28
14
- 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.
* 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
September
Year to Date
September
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
9
14
+ 55.6%
113
125
+ 10.6%
New Listings
0
0
--
2
3
+ 50.0%
Closed Sales
11
18
+ 63.6%
66
103
+ 56.1%
Closed Sales
0
0
--
3
3
0.0%
Median Sales Price*
$594,000
$545,000
- 8.2%
$487,000
$574,000
+ 17.9%
Median Sales Price*
$0
$0
--
$1,735,000
$1,600,000
- 7.8%
Average Sales Price*
$735,886
$670,501
- 8.9%
$562,876
$649,529
+ 15.4%
Average Sales Price*
$0
$0
--
$1,397,500
$1,264,077
- 9.5%
93.8%
95.7%
+ 2.0%
94.7%
94.0%
- 0.7%
Percent of Original List Price Received*
0.0%
0.0%
--
96.5%
89.5%
- 7.3%
Days on Market Until Sale
107
132
+ 23.4%
103
109
+ 5.8%
Days on Market Until Sale
0
0
--
170
353
+ 107.6%
Inventory of Homes for Sale
80
48
- 40.0%
--
--
--
Inventory of Homes for Sale
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
* 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 October 9, 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 October 9, 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 – September 2020
Local Market Update – September 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 September
Single-Family Detached
Year to Date
September
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
77
67
- 13.0%
813
667
- 18.0%
New Listings
108
133
+ 23.1%
1,443
1,479
+ 2.5%
Closed Sales
62
64
+ 3.2%
562
567
+ 0.9%
Closed Sales
98
136
+ 38.8%
1,006
1,210
+ 20.3%
Median Sales Price*
$364,500
409,000
+ 12.2%
$360,000
$390,000
+ 8.3%
Median Sales Price*
$324,944
338,250
+ 4.1%
$317,000
$325,000
+ 2.5%
Average Sales Price*
$429,576
$455,207
+ 6.0%
$443,161
$469,726
+ 6.0%
Average Sales Price*
$320,305
$369,406
+ 15.3%
$342,408
$366,241
+ 7.0%
96.0%
96.9%
+ 0.9%
95.8%
96.3%
+ 0.5%
Percent of Original List Price Received*
96.0%
97.0%
+ 1.0%
95.6%
96.8%
+ 1.3%
Days on Market Until Sale
46
41
- 10.9%
49
43
- 12.2%
Days on Market Until Sale
34
29
- 14.7%
47
40
- 14.9%
Inventory of Homes for Sale
221
82
- 62.9%
--
--
--
Inventory of Homes for Sale
390
151
- 61.3%
--
--
--
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
September
Year to Date
September
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
30
+ 76.5%
238
228
- 4.2%
New Listings
45
53
+ 17.8%
499
432
- 13.4%
Closed Sales
25
16
- 36.0%
199
165
- 17.1%
Closed Sales
29
39
+ 34.5%
384
365
- 4.9%
Median Sales Price*
$247,500
$217,500
- 12.1%
$207,000
$207,500
+ 0.2%
Median Sales Price*
$209,000
$225,000
+ 7.7%
$210,000
$214,900
+ 2.3%
Average Sales Price*
$263,905
$202,446
- 23.3%
$222,479
$205,199
- 7.8%
Average Sales Price*
$214,269
$219,362
+ 2.4%
$210,734
$215,588
+ 2.3%
100.1%
98.7%
- 1.4%
97.5%
96.9%
- 0.6%
Percent of Original List Price Received*
95.8%
98.5%
+ 2.8%
97.2%
97.3%
+ 0.1%
Days on Market Until Sale
16
12
- 25.0%
38
38
0.0%
Days on Market Until Sale
49
28
- 42.9%
43
47
+ 9.3%
Inventory of Homes for Sale
60
35
- 41.7%
--
--
--
Inventory of Homes for Sale
127
53
- 58.3%
--
--
--
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 October 9, 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 October 9, 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
FOLLOW THE CASSINA GROUP