Page 1

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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April 2019 Real Estate Report | Presented by The Cassina Group  

April 2019 Real Estate Report | Presented by The Cassina Group  

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