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APRIL 2020

R E AL E S TATE 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 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®

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

2019

2020

Percent Change

2019

2020

Percent Change

Key Metrics

2019

2020

Percent Change

2019

2020

Percent Change

New Listings

47

21

- 55.3%

185

129

- 30.3%

New Listings

26

21

- 19.2%

93

96

+ 3.2%

Closed Sales

16

20

+ 25.0%

53

69

+ 30.2%

Closed Sales

27

15

- 44.4%

80

58

- 27.5%

Median Sales Price*

$800,000

$1,292,500

+ 61.6%

$1,150,000

$935,000

- 18.7%

Median Sales Price*

$442,000

$575,000

+ 30.1%

$449,500

$550,000

+ 22.4%

Average Sales Price*

$1,149,563

$1,485,368

+ 29.2%

$1,697,132

$1,139,024

- 32.9%

Average Sales Price*

$471,551

$606,967

+ 28.7%

$475,517

$614,206

+ 29.2%

89.1%

90.7%

+ 1.8%

91.1%

89.1%

- 2.2%

Percent of Original List Price Received*

90.9%

94.2%

+ 3.6%

90.6%

92.5%

+ 2.1%

Days on Market Until Sale

54

99

+ 83.3%

84

120

+ 42.9%

Days on Market Until Sale

70

43

- 38.6%

81

69

- 14.8%

Inventory of Homes for Sale

245

171

- 30.2%

--

--

--

Inventory of Homes for Sale

70

69

- 1.4%

--

--

--

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.

* 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

45

25

- 44.4%

170

141

- 17.1%

New Listings

2

1

- 50.0%

10

10

0.0%

Closed Sales

14

12

- 14.3%

54

58

+ 7.4%

Closed Sales

2

3

+ 50.0%

5

8

+ 60.0%

Median Sales Price*

$540,000

$585,750

+ 8.5%

$692,500

$603,500

- 12.9%

Median Sales Price*

$322,925

$307,500

- 4.8%

$268,350

$268,500

+ 0.1%

Average Sales Price*

$614,529

$563,158

- 8.4%

$826,646

$999,883

+ 21.0%

Average Sales Price*

$322,925

$330,833

+ 2.4%

$307,670

$375,375

+ 22.0%

97.0%

91.2%

- 6.0%

93.4%

91.0%

- 2.6%

96.3%

93.9%

- 2.5%

92.7%

96.2%

+ 3.8%

Days on Market Until Sale

54

156

+ 188.9%

83

142

+ 71.1%

Days on Market Until Sale

13

36

+ 176.9%

70

55

- 21.4%

Inventory of Homes for Sale

209

177

- 15.3%

--

--

--

Inventory of Homes for Sale

9

13

+ 44.4%

--

--

--

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 Single-Family Detached $1,400,000

* 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 —

$1,200,000

Percent of Original List Price Received*

Single-Family Detached All MLS — Downtown Charleston —

$700,000

$600,000

$600,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —

$500,000

$500,000 $400,000

$1,000,000

$500,000 $400,000

$800,000 $400,000

$300,000

$600,000

$300,000 $300,000

$400,000

1-2012

1-2014

1-2016

1-2018

1-2020

$100,000 1-2010

$200,000

$200,000

$200,000

$200,000 $0 1-2010

All MLS — Upper Charleston Peninsula —

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.

$100,000 1-2010

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.


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®

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

2019

2020

Percent Change

2019

2020

Percent Change

Key Metrics

2019

2020

Percent Change

2019

2020

Percent Change

New Listings

103

99

- 3.9%

440

368

- 16.4%

New Listings

159

92

- 42.1%

600

461

- 23.2%

Closed Sales

83

64

- 22.9%

240

238

- 0.8%

Closed Sales

87

86

- 1.1%

279

330

+ 18.3%

Median Sales Price*

$579,000

$623,250

+ 7.6%

$582,000

$592,500

+ 1.8%

Median Sales Price*

$560,000

$503,000

- 10.2%

$515,000

$532,453

+ 3.4%

Average Sales Price*

$674,363

$676,303

+ 0.3%

$713,160

$678,700

- 4.8%

Average Sales Price*

$639,305

$549,566

- 14.0%

$575,314

$577,662

+ 0.4%

94.9%

95.8%

+ 0.9%

93.9%

94.6%

+ 0.7%

Percent of Original List Price Received*

97.3%

97.3%

0.0%

96.6%

96.8%

+ 0.2%

Days on Market Until Sale

71

45

- 36.6%

70

69

- 1.4%

Days on Market Until Sale

71

60

- 15.5%

72

72

0.0%

Inventory of Homes for Sale

282

214

- 24.1%

--

--

--

Inventory of Homes for Sale

467

280

- 40.0%

--

--

--

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

37

22

- 40.5%

151

163

+ 7.9%

New Listings

41

31

- 24.4%

183

147

- 19.7%

Closed Sales

29

22

- 24.1%

97

96

- 1.0%

Closed Sales

32

25

- 21.9%

103

90

- 12.6%

Median Sales Price*

$239,000

$285,000

+ 19.2%

$252,500

$247,700

- 1.9%

Median Sales Price*

$279,500

$330,000

+ 18.1%

$305,000

$305,250

+ 0.1%

Average Sales Price*

$322,777

$370,450

+ 14.8%

$371,436

$298,358

- 19.7%

Average Sales Price*

$286,995

$333,480

+ 16.2%

$294,640

$308,092

+ 4.6%

96.1%

95.1%

- 1.0%

95.5%

95.9%

+ 0.4%

Percent of Original List Price Received*

97.2%

96.9%

- 0.3%

96.5%

97.1%

+ 0.6%

Days on Market Until Sale

57

62

+ 8.8%

58

61

+ 5.2%

Days on Market Until Sale

36

95

+ 163.9%

49

75

+ 53.1%

Inventory of Homes for Sale

101

90

- 10.9%

--

--

--

Inventory of Homes for Sale

126

95

- 24.6%

--

--

--

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 1-2010

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.

$100,000 1-2010

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.


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®

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

2019

2020

Percent Change

2019

2020

Percent Change

Key Metrics

2019

2020

Percent Change

2019

2020

Percent Change

New Listings

35

7

- 80.0%

133

88

- 33.8%

New Listings

8

2

- 75.0%

23

20

- 13.0%

Closed Sales

17

9

- 47.1%

56

45

- 19.6%

Closed Sales

2

0

- 100.0%

12

11

- 8.3%

Median Sales Price*

$1,500,000

$920,000

- 38.7%

$1,176,250

$1,065,000

- 9.5%

Median Sales Price*

$2,042,500

$0

- 100.0%

$2,025,000

$2,195,000

+ 8.4%

Average Sales Price*

$2,146,676

$1,233,333

- 42.5%

$1,535,086

$1,261,067

- 17.9%

Average Sales Price*

$2,042,500

$0

- 100.0%

$2,098,240

$2,257,045

+ 7.6%

92.5%

92.9%

+ 0.4%

92.4%

90.9%

- 1.6%

Percent of Original List Price Received*

84.2%

0.0%

- 100.0%

85.5%

92.5%

+ 8.2%

Days on Market Until Sale

106

121

+ 14.2%

100

112

+ 12.0%

Days on Market Until Sale

215

0

- 100.0%

95

67

- 29.5%

Inventory of Homes for Sale

159

113

- 28.9%

--

--

--

Inventory of Homes for Sale

33

20

- 39.4%

--

--

--

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.

* 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

13

5

- 61.5%

57

51

- 10.5%

New Listings

0

0

--

1

1

0.0%

Closed Sales

13

10

- 23.1%

25

29

+ 16.0%

Closed Sales

0

0

--

1

2

+ 100.0%

Median Sales Price*

$510,000

$625,000

+ 22.5%

$500,000

$629,000

+ 25.8%

Median Sales Price*

$0

$0

--

$1,770,000

$1,625,000

- 8.2%

Average Sales Price*

$583,692

$722,900

+ 23.8%

$565,130

$694,877

+ 23.0%

Average Sales Price*

$0

$0

--

$1,770,000

$1,625,000

- 8.2%

95.8%

93.0%

- 2.9%

94.8%

92.8%

- 2.1%

0.0%

0.0%

--

94.4%

89.0%

- 5.7%

Days on Market Until Sale

72

90

+ 25.0%

77

109

+ 41.6%

Days on Market Until Sale

0

0

--

195

527

+ 170.3%

Inventory of Homes for Sale

79

75

- 5.1%

--

--

--

Inventory of Homes for Sale

2

2

0.0%

--

--

--

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

Percent of Original List Price Received*

Single-Family Detached All MLS — Isle of Palms —

$700,000

$1,000,000

$600,000

$800,000

$500,000

$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 $1,500,000

$600,000

$400,000

$2,000,000 $1,000,000

$400,000

$300,000

$200,000

$200,000

$0 1-2010

1-2012

1-2014

1-2016

1-2018

1-2020

$100,000 1-2010

$1,000,000

$500,000

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.

$0 1-2010

1-2012

1-2014

1-2016

1-2018

1-2020

$0 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.


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.


132 East Bay Street, Charleston, SC 29401 309 Coleman Boulevard, Mount Pleasant, SC 29464

843.628.0008 | TheCassinaGroup.com

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