APRIL 2019
R E AL E STATE 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 – 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®
Downtown Charleston
Upper Charleston Peninsula
Area 51
Area 52 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
40
49
+ 22.5%
149
188
+ 26.2%
New Listings
24
26
+ 8.3%
98
93
- 5.1%
Closed Sales
23
16
- 30.4%
79
53
- 32.9%
Closed Sales
20
27
+ 35.0%
66
80
+ 21.2%
Median Sales Price*
$998,000
$800,000
- 19.8%
$882,500
$1,150,000
+ 30.3%
Median Sales Price*
$602,000
$442,000
- 26.6%
$507,000
$449,500
- 11.3%
Average Sales Price*
$984,489
$1,149,563
+ 16.8%
$1,094,986
$1,697,085
+ 55.0%
Average Sales Price*
$628,749
$471,551
- 25.0%
$503,379
$475,517
- 5.5%
89.9%
89.1%
- 0.9%
91.5%
91.1%
- 0.4%
Percent of Original List Price Received*
96.1%
90.9%
- 5.4%
93.9%
90.6%
- 3.5%
Days on Market Until Sale
144
54
- 62.5%
117
84
- 28.2%
Days on Market Until Sale
54
70
+ 29.6%
55
81
+ 47.3%
Inventory of Homes for Sale
148
231
+ 56.1%
--
--
--
Inventory of Homes for Sale
66
58
- 12.1%
--
--
--
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
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
32
44
+ 37.5%
178
169
- 5.1%
New Listings
0
2
--
20
10
- 50.0%
Closed Sales
18
14
- 22.2%
64
54
- 15.6%
Closed Sales
0
2
--
9
5
- 44.4%
Median Sales Price*
$560,000
$540,000
- 3.6%
$617,500
$692,500
+ 12.1%
Median Sales Price*
$0
$322,925
--
$497,999
$268,350
- 46.1%
Average Sales Price*
$906,794
$614,529
- 32.2%
$798,258
$826,646
+ 3.6%
Average Sales Price*
$0
$322,925
--
$533,394
$307,670
- 42.3%
96.0%
97.0%
+ 1.0%
94.1%
93.4%
- 0.7%
Percent of Original List Price Received*
0.0%
96.3%
--
100.5%
92.7%
- 7.8%
Days on Market Until Sale
113
54
- 52.2%
96
83
- 13.5%
Days on Market Until Sale
0
13
--
56
70
+ 25.0%
Inventory of Homes for Sale
152
194
+ 27.6%
--
--
--
Inventory of Homes for Sale
17
8
- 52.9%
--
--
--
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.
Historical Median Sales Price Single-Family Detached $1,200,000
* 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 —
$700,000
$1,000,000
$600,000
$800,000
$500,000
$600,000
$400,000
$400,000
$300,000
$200,000
$200,000
Single-Family Detached All MLS — Downtown Charleston —
$600,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —
All MLS — Upper Charleston Peninsula —
$500,000
$500,000 $400,000 $400,000 $300,000 $300,000
$0 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
$100,000 1-2009
$200,000
$200,000
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.
$100,000 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
$100,000 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.
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®
Lower Mount Pleasant
Upper Mount Pleasant
Area 42
Area 41 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
101
103
+ 2.0%
428
440
+ 2.8%
New Listings
147
159
+ 8.2%
547
599
+ 9.5%
Closed Sales
74
83
+ 12.2%
251
240
- 4.4%
Closed Sales
97
86
- 11.3%
293
277
- 5.5%
Median Sales Price*
$549,500
$579,000
+ 5.4%
$535,000
$582,000
+ 8.8%
Median Sales Price*
$520,000
$559,277
+ 7.6%
$509,500
$512,500
+ 0.6%
Average Sales Price*
$642,800
$674,363
+ 4.9%
$629,463
$713,160
+ 13.3%
Average Sales Price*
$554,145
$638,635
+ 15.2%
$562,817
$575,001
+ 2.2%
96.1%
94.9%
- 1.2%
95.0%
93.9%
- 1.2%
97.8%
97.3%
- 0.5%
96.7%
96.6%
- 0.1%
Days on Market Until Sale
35
71
+ 102.9%
56
70
+ 25.0%
Days on Market Until Sale
84
72
- 14.3%
83
72
- 13.3%
Inventory of Homes for Sale
241
254
+ 5.4%
--
--
--
Inventory of Homes for Sale
447
441
- 1.3%
--
--
--
Percent of Original List Price Received*
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
46
37
- 19.6%
171
151
- 11.7%
New Listings
47
41
- 12.8%
167
183
+ 9.6%
Closed Sales
26
29
+ 11.5%
104
97
- 6.7%
Closed Sales
35
32
- 8.6%
115
103
- 10.4%
Median Sales Price*
$243,000
$239,000
- 1.6%
$243,500
$252,500
+ 3.7%
Median Sales Price*
$251,000
$279,500
+ 11.4%
$310,000
$305,000
- 1.6%
Average Sales Price*
$374,616
$322,777
- 13.8%
$348,217
$371,436
+ 6.7%
Average Sales Price*
$290,771
$286,995
- 1.3%
$302,045
$294,640
- 2.5%
96.1%
96.1%
0.0%
96.7%
95.5%
- 1.2%
Percent of Original List Price Received*
97.7%
97.2%
- 0.5%
97.9%
96.5%
- 1.4%
Days on Market Until Sale
40
57
+ 42.5%
50
58
+ 16.0%
Days on Market Until Sale
49
36
- 26.5%
58
49
- 15.5%
Inventory of Homes for Sale
90
90
0.0%
--
--
--
Inventory of Homes for Sale
94
117
+ 24.5%
--
--
--
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.
Historical Median Sales Price Single-Family Detached $600,000
* 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 $500,000
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$220,000 $400,000
$200,000 $180,000
$300,000
$160,000 $200,000 $140,000 $100,000 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
$120,000 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.
$100,000 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
$100,000 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.
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.
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®
James Island
West Ashley Area
Area 21
Areas 11 & 12 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
90
106
+ 17.8%
369
370
+ 0.3%
New Listings
191
167
- 12.6%
652
641
- 1.7%
Closed Sales
58
68
+ 17.2%
246
209
- 15.0%
Closed Sales
138
115
- 16.7%
433
392
- 9.5%
Median Sales Price*
$360,000
$320,000
- 11.1%
$369,000
$360,000
- 2.4%
Median Sales Price*
$316,750
$325,000
+ 2.6%
$311,340
$312,365
+ 0.3%
Average Sales Price*
$414,101
$475,735
+ 14.9%
$401,212
$478,643
+ 19.3%
Average Sales Price*
$337,810
$337,962
+ 0.0%
$337,819
$342,940
+ 1.5%
98.0%
93.9%
- 4.2%
97.7%
94.8%
- 3.0%
96.0%
96.4%
+ 0.4%
96.6%
95.5%
- 1.1%
Days on Market Until Sale
35
59
+ 68.6%
40
61
+ 52.5%
Days on Market Until Sale
44
51
+ 15.9%
44
53
+ 20.5%
Inventory of Homes for Sale
201
190
- 5.5%
--
--
--
Inventory of Homes for Sale
321
320
- 0.3%
--
--
--
Percent of Original List Price Received*
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
25
33
+ 32.0%
81
117
+ 44.4%
New Listings
46
69
+ 50.0%
174
229
+ 31.6%
Closed Sales
27
20
- 25.9%
71
66
- 7.0%
Closed Sales
43
35
- 18.6%
139
134
- 3.6%
Median Sales Price*
$198,000
$217,000
+ 9.6%
$186,500
$199,750
+ 7.1%
Median Sales Price*
$198,900
$202,000
+ 1.6%
$185,000
$221,500
+ 19.7%
Average Sales Price*
$225,493
$245,988
+ 9.1%
$200,132
$214,643
+ 7.3%
Average Sales Price*
$199,756
$198,970
- 0.4%
$185,347
$211,945
+ 14.4%
96.6%
97.5%
+ 0.9%
95.7%
96.4%
+ 0.7%
Percent of Original List Price Received*
98.1%
97.7%
- 0.4%
97.7%
97.0%
- 0.7%
Days on Market Until Sale
53
34
- 35.8%
55
45
- 18.2%
Days on Market Until Sale
41
44
+ 7.3%
41
46
+ 12.2%
Inventory of Homes for Sale
37
57
+ 54.1%
--
--
--
Inventory of Homes for Sale
70
113
+ 61.4%
--
--
--
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
Single-Family Detached All MLS — James Island —
$220,000
Townhouse-Condo Attached All MLS — West Ashley Area —
All MLS — West Ashley Area —
$220,000
$300,000
$200,000
$350,000
$320,000
Rolling 12-Month Calculation
$200,000 $280,000
$180,000 $300,000
$180,000
$260,000 $160,000 $240,000
$250,000 $140,000 $200,000
$150,000 1-2009
$120,000
1-2011
1-2013
1-2015
1-2017
1-2019
$100,000 1-2009
$160,000
$220,000 $140,000
$200,000
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.
$180,000 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
$120,000 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.
132 East Bay Street, Charleston, SC 29401 69 Morris Street, Charleston, SC 29403 309 Coleman Boulevard, Mount Pleasant, SC 29464
843.628.0008 | TheCassinaGroup.com
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