Local Market Update – April 2019
Local Market Update – April 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 April
Single-Family Detached
Year to Date
April
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
35
+ 59.1%
100
132
+ 32.0%
New Listings
13
8
- 38.5%
42
23
- 45.2%
Closed Sales
19
16
- 15.8%
72
55
- 23.6%
Closed Sales
7
2
- 71.4%
19
12
- 36.8%
Median Sales Price*
$995,000
$1,412,500
+ 42.0%
$1,011,000
$1,170,000
+ 15.7%
Median Sales Price*
$1,912,500
$2,042,500
+ 6.8%
$2,117,650
$2,025,000
- 4.4%
Average Sales Price*
$1,036,116
$2,049,594
+ 97.8%
$1,261,183
$1,495,724
+ 18.6%
Average Sales Price*
$2,195,621
$2,042,500
- 7.0%
$2,215,111
$2,098,240
- 5.3%
91.5%
92.1%
+ 0.7%
91.2%
92.3%
+ 1.2%
Percent of Original List Price Received*
90.8%
84.2%
- 7.3%
94.2%
85.5%
- 9.2%
Days on Market Until Sale
101
113
+ 11.9%
122
101
- 17.2%
Days on Market Until Sale
104
215
+ 106.7%
119
95
- 20.2%
Inventory of Homes for Sale
121
149
+ 23.1%
--
--
--
Inventory of Homes for Sale
35
30
- 14.3%
--
--
--
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
April
Year to Date
April
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
12
13
+ 8.3%
55
57
+ 3.6%
New Listings
0
0
--
2
1
- 50.0%
Closed Sales
13
13
0.0%
40
25
- 37.5%
Closed Sales
1
0
- 100.0%
2
1
- 50.0%
Median Sales Price*
$390,000
$510,000
+ 30.8%
$431,250
$500,000
+ 15.9%
Median Sales Price*
$290,000
$0
- 100.0%
$487,500
$1,770,000
+ 263.1%
Average Sales Price*
$485,000
$583,692
+ 20.3%
$515,713
$565,130
+ 9.6%
Average Sales Price*
$290,000
$0
- 100.0%
$487,500
$1,770,000
+ 263.1%
95.3%
95.8%
+ 0.5%
94.3%
94.8%
+ 0.5%
Percent of Original List Price Received*
97.0%
0.0%
- 100.0%
97.5%
94.4%
- 3.2%
Days on Market Until Sale
35
72
+ 105.7%
85
77
- 9.4%
Days on Market Until Sale
12
0
- 100.0%
13
195
+ 1,400.0%
Inventory of Homes for Sale
63
78
+ 23.8%
--
--
--
Inventory of Homes for Sale
0
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 — Isle of Palms —
$1,200,000
$1,000,000
Single-Family Detached All MLS — Isle of Palms —
$1,000,000
$800,000
$2,500,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Sullivan's Island —
All MLS — Sullivan's Island —
$4,000,000
$2,000,000 $3,000,000
$800,000 $1,500,000
$600,000 $600,000
$2,000,000 $400,000
$1,000,000
$200,000
$500,000
$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 May 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 May 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.