April 2019 Real Estate Report | Presented by The Cassina Group

Page 5

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.


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