Local Market Update – April 2020
Local Market Update – April 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 April
Single-Family Detached
Year to Date
April
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
107
70
- 34.6%
371
312
- 15.9%
New Listings
169
139
- 17.8%
648
647
- 0.2%
Closed Sales
69
57
- 17.4%
210
233
+ 11.0%
Closed Sales
116
123
+ 6.0%
394
442
+ 12.2%
Median Sales Price*
$320,000
$377,000
+ 17.8%
$360,000
$376,000
+ 4.4%
Median Sales Price*
$325,000
$307,000
- 5.5%
$312,365
$316,000
+ 1.2%
Average Sales Price*
$473,684
$414,072
- 12.6%
$477,956
$441,765
- 7.6%
Average Sales Price*
$355,652
$351,627
- 1.1%
$347,849
$349,052
+ 0.3%
94.0%
96.4%
+ 2.6%
94.9%
95.8%
+ 0.9%
Percent of Original List Price Received*
96.4%
96.7%
+ 0.3%
95.5%
96.0%
+ 0.5%
Days on Market Until Sale
61
33
- 45.9%
62
47
- 24.2%
Days on Market Until Sale
51
42
- 17.6%
53
51
- 3.8%
Inventory of Homes for Sale
213
161
- 24.4%
--
--
--
Inventory of Homes for Sale
364
264
- 27.5%
--
--
--
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
April
Year to Date
April
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
33
19
- 42.4%
117
96
- 17.9%
New Listings
70
37
- 47.1%
229
185
- 19.2%
Closed Sales
20
20
0.0%
66
59
- 10.6%
Closed Sales
35
35
0.0%
134
153
+ 14.2%
Median Sales Price*
$217,000
$161,250
- 25.7%
$199,750
$207,500
+ 3.9%
Median Sales Price*
$202,000
$215,000
+ 6.4%
$221,500
$222,000
+ 0.2%
Average Sales Price*
$245,988
$188,610
- 23.3%
$214,643
$203,186
- 5.3%
Average Sales Price*
$198,970
$223,450
+ 12.3%
$211,945
$217,308
+ 2.5%
97.5%
97.9%
+ 0.4%
96.4%
95.9%
- 0.5%
Percent of Original List Price Received*
97.7%
96.6%
- 1.1%
97.0%
96.3%
- 0.7%
Days on Market Until Sale
34
31
- 8.8%
45
40
- 11.1%
Days on Market Until Sale
44
51
+ 15.9%
46
61
+ 32.6%
Inventory of Homes for Sale
62
42
- 32.3%
--
--
--
Inventory of Homes for Sale
132
75
- 43.2%
--
--
--
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 — James Island —
$400,000
Single-Family Detached All MLS — James Island —
$240,000 $220,000
$350,000 $200,000 $300,000
$325,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — West Ashley Area —
$240,000
$300,000
$220,000
$275,000
$200,000
$250,000
$180,000
$225,000
$160,000
$200,000
$140,000
$180,000 $160,000
$250,000
$140,000 $200,000 $120,000 $150,000 1-2010
All MLS — West Ashley Area —
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 May 8, 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
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 May 8, 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.