April 2021 Real Estate Report | The Cassina Group

Page 1

APRIL 2021

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 2021

Local Market Update – April 2021

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

2020

2021

Percent Change

2020

2021

Percent Change

Key Metrics

2020

2021

Percent Change

2020

2021

Percent Change

New Listings

21

40

+ 90.5%

130

155

+ 19.2%

New Listings

21

28

+ 33.3%

96

98

+ 2.1%

Closed Sales

21

47

+ 123.8%

70

147

+ 110.0%

Closed Sales

15

26

+ 73.3%

59

92

+ 55.9%

Median Sales Price*

$1,250,000

$1,050,000

- 16.0%

$952,500

$922,000

- 3.2%

Median Sales Price*

$575,000

$606,000

+ 5.4%

$550,000

$587,000

+ 6.7%

Average Sales Price*

$1,471,541

$1,343,319

- 8.7%

$1,139,824

$1,321,503

+ 15.9%

Average Sales Price*

$606,967

$606,081

- 0.1%

$608,542

$602,797

- 0.9%

91.1%

93.7%

+ 2.9%

89.3%

93.1%

+ 4.3%

Percent of Original List Price Received*

94.2%

97.4%

+ 3.4%

92.6%

95.3%

+ 2.9%

Days on Market Until Sale

95

90

- 5.3%

118

113

- 4.2%

Days on Market Until Sale

43

69

+ 60.5%

68

72

+ 5.9%

Inventory of Homes for Sale

184

96

- 47.8%

--

--

--

Inventory of Homes for Sale

82

41

- 50.0%

--

--

--

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

2020

2021

Percent Change

2020

2021

Percent Change

Key Metrics

2020

2021

Percent Change

2020

2021

Percent Change

New Listings

24

41

+ 70.8%

138

159

+ 15.2%

New Listings

2

3

+ 50.0%

11

13

+ 18.2%

Closed Sales

12

34

+ 183.3%

59

101

+ 71.2%

Closed Sales

3

2

- 33.3%

8

6

- 25.0%

Median Sales Price*

$585,750

$705,000

+ 20.4%

$600,000

$649,000

+ 8.2%

Median Sales Price*

$307,500

$569,250

+ 85.1%

$268,500

$530,500

+ 97.6%

Average Sales Price*

$563,158

$947,834

+ 68.3%

$992,003

$834,052

- 15.9%

Average Sales Price*

$330,833

$569,250

+ 72.1%

$375,375

$472,250

+ 25.8%

91.2%

93.0%

+ 2.0%

90.8%

92.8%

+ 2.2%

Percent of Original List Price Received*

93.9%

97.7%

+ 4.0%

96.2%

99.4%

+ 3.3%

Days on Market Until Sale

156

83

- 46.8%

144

109

- 24.3%

Days on Market Until Sale

36

58

+ 61.1%

55

38

- 30.9%

Inventory of Homes for Sale

191

117

- 38.7%

--

--

--

Inventory of Homes for Sale

16

6

- 62.5%

--

--

--

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 $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

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

1-2013

1-2015

1-2017

1-2019

1-2021

$100,000 1-2011

$200,000

$200,000

$200,000

$200,000 $0 1-2011

All MLS — Upper Charleston Peninsula —

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

$100,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – April 2021

Local Market Update – April 2021

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

2020

2021

Percent Change

2020

2021

Percent Change

Key Metrics

2020

2021

Percent Change

2020

2021

Percent Change

New Listings

99

95

- 4.0%

369

354

- 4.1%

New Listings

91

131

+ 44.0%

459

507

+ 10.5%

Closed Sales

66

92

+ 39.4%

240

319

+ 32.9%

Closed Sales

86

116

+ 34.9%

332

416

+ 25.3%

Median Sales Price*

$639,500

$777,500

+ 21.6%

$596,000

$685,000

+ 14.9%

Median Sales Price*

$503,000

$642,327

+ 27.7%

$532,258

$596,100

+ 12.0%

Average Sales Price*

$690,609

$945,147

+ 36.9%

$682,614

$835,690

+ 22.4%

Average Sales Price*

$549,560

$706,695

+ 28.6%

$576,123

$677,833

+ 17.7%

95.9%

98.8%

+ 3.0%

94.7%

97.5%

+ 3.0%

Percent of Original List Price Received*

97.3%

101.4%

+ 4.2%

96.9%

99.9%

+ 3.1%

Days on Market Until Sale

43

31

- 27.9%

69

34

- 50.7%

Days on Market Until Sale

60

13

- 78.3%

72

23

- 68.1%

Inventory of Homes for Sale

246

51

- 79.3%

--

--

--

Inventory of Homes for Sale

304

64

- 78.9%

--

--

--

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.

* 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

2020

2021

Percent Change

2020

2021

Percent Change

Key Metrics

2020

2021

Percent Change

2020

2021

Percent Change

New Listings

22

61

+ 177.3%

163

218

+ 33.7%

New Listings

31

33

+ 6.5%

147

127

- 13.6%

Closed Sales

22

66

+ 200.0%

96

190

+ 97.9%

Closed Sales

25

26

+ 4.0%

90

110

+ 22.2%

Median Sales Price*

$285,000

$310,000

+ 8.8%

$247,700

$295,000

+ 19.1%

Median Sales Price*

$330,000

$321,000

- 2.7%

$305,250

$324,450

+ 6.3%

Average Sales Price*

$370,450

$403,666

+ 9.0%

$298,358

$407,682

+ 36.6%

Average Sales Price*

$333,480

$325,804

- 2.3%

$308,092

$317,561

+ 3.1%

95.1%

99.7%

+ 4.8%

95.9%

98.6%

+ 2.8%

Percent of Original List Price Received*

96.9%

101.4%

+ 4.6%

97.1%

99.4%

+ 2.4%

Days on Market Until Sale

62

24

- 61.3%

61

34

- 44.3%

Days on Market Until Sale

95

12

- 87.4%

75

22

- 70.7%

Inventory of Homes for Sale

102

18

- 82.4%

--

--

--

Inventory of Homes for Sale

102

6

- 94.1%

--

--

--

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.

Historical Median Sales Price Single-Family Detached $700,000

Historical Median Sales Price

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Lower Mount Pleasant —

$250,000

$500,000

$225,000

$400,000

$200,000

$300,000

$175,000

$200,000

$150,000

1-2013

1-2015

1-2017

1-2019

1-2021

$125,000 1-2011

Single-Family Detached All MLS — Lower Mount Pleasant —

$275,000

$600,000

$100,000 1-2011

* 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.

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$600,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Upper Mount Pleasant —

$350,000

$500,000

$300,000

$400,000

$250,000

$300,000

$200,000

$200,000

$150,000

$100,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

All MLS — Upper Mount Pleasant —

$100,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – April 2021

Local Market Update – April 2021

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

2020

2021

Percent Change

2020

2021

Percent Change

Key Metrics

2020

2021

Percent Change

2020

2021

Percent Change

New Listings

7

22

+ 214.3%

88

108

+ 22.7%

New Listings

2

10

+ 400.0%

20

24

+ 20.0%

Closed Sales

9

34

+ 277.8%

45

98

+ 117.8%

Closed Sales

0

6

--

11

16

+ 45.5%

Median Sales Price*

$920,000

$1,650,000

+ 79.3%

$1,065,000

$1,555,000

+ 46.0%

Median Sales Price*

$0

$2,492,500

--

$2,195,000

$3,094,388

+ 41.0%

Average Sales Price*

$1,233,333

$1,987,614

+ 61.2%

$1,261,067

$1,793,779

+ 42.2%

Average Sales Price*

$0

$2,580,833

--

$2,257,045

$3,140,486

+ 39.1%

92.9%

96.4%

+ 3.8%

90.9%

95.9%

+ 5.5%

Percent of Original List Price Received*

0.0%

95.1%

--

92.5%

95.9%

+ 3.7%

Days on Market Until Sale

121

44

- 63.6%

112

44

- 60.7%

Days on Market Until Sale

0

109

--

67

129

+ 92.5%

Inventory of Homes for Sale

127

20

- 84.3%

--

--

--

Inventory of Homes for Sale

20

14

- 30.0%

--

--

--

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

2020

2021

Percent Change

2020

2021

Percent Change

Key Metrics

2020

2021

Percent Change

2020

2021

Percent Change

New Listings

5

16

+ 220.0%

51

49

- 3.9%

New Listings

0

1

--

1

4

+ 300.0%

Closed Sales

10

16

+ 60.0%

29

53

+ 82.8%

Closed Sales

0

2

--

2

2

0.0%

Median Sales Price*

$625,000

$692,500

+ 10.8%

$629,000

$725,000

+ 15.3%

Median Sales Price*

$0

$580,000

--

$1,625,000

$580,000

- 64.3%

Average Sales Price*

$722,900

$772,344

+ 6.8%

$694,877

$753,976

+ 8.5%

Average Sales Price*

$0

$580,000

--

$1,625,000

$580,000

- 64.3%

93.0%

98.1%

+ 5.5%

92.8%

96.6%

+ 4.1%

Percent of Original List Price Received*

0.0%

83.5%

--

89.0%

83.5%

- 6.2%

Days on Market Until Sale

90

56

- 37.8%

109

96

- 11.9%

Days on Market Until Sale

0

0

--

527

0

- 100.0%

Inventory of Homes for Sale

79

23

- 70.9%

--

--

--

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 —

$1,400,000 $1,200,000

Single-Family Detached All MLS — Isle of Palms —

$700,000

$3,000,000

$600,000

$2,500,000

$500,000

$2,000,000

$400,000

$1,500,000

$300,000

$1,000,000

$200,000

$500,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Sullivan's Island —

All MLS — Sullivan's Island —

$4,000,000

$3,000,000

$1,000,000 $800,000

$2,000,000

$600,000 $400,000

$1,000,000

$200,000 $0 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

$100,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$0 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

$0 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – April 2021

Local Market Update – April 2021

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

2020

2021

Percent Change

2020

2021

Percent Change

Key Metrics

2020

2021

Percent Change

2020

2021

Percent Change

New Listings

70

80

+ 14.3%

313

250

- 20.1%

New Listings

141

170

+ 20.6%

647

509

- 21.3%

Closed Sales

57

54

- 5.3%

233

209

- 10.3%

Closed Sales

123

114

- 7.3%

444

423

- 4.7%

Median Sales Price*

$377,000

$435,000

+ 15.4%

$376,000

$430,000

+ 14.4%

Median Sales Price*

$307,000

$398,000

+ 29.6%

$317,000

$362,000

+ 14.2%

Average Sales Price*

$414,072

$538,358

+ 30.0%

$441,242

$507,461

+ 15.0%

Average Sales Price*

$351,627

$439,248

+ 24.9%

$350,724

$409,422

+ 16.7%

96.4%

97.0%

+ 0.6%

95.7%

97.9%

+ 2.3%

Percent of Original List Price Received*

96.7%

100.3%

+ 3.7%

96.0%

98.4%

+ 2.5%

Days on Market Until Sale

33

32

- 3.0%

47

28

- 40.4%

Days on Market Until Sale

42

22

- 47.6%

51

27

- 47.1%

Inventory of Homes for Sale

172

44

- 74.4%

--

--

--

Inventory of Homes for Sale

307

65

- 78.8%

--

--

--

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

2020

2021

Percent Change

2020

2021

Percent Change

Key Metrics

2020

2021

Percent Change

2020

2021

Percent Change

New Listings

19

31

+ 63.2%

96

89

- 7.3%

New Listings

38

49

+ 28.9%

186

186

0.0%

Closed Sales

20

14

- 30.0%

59

79

+ 33.9%

Closed Sales

37

63

+ 70.3%

157

176

+ 12.1%

Median Sales Price*

$161,250

$251,000

+ 55.7%

$207,500

$226,000

+ 8.9%

Median Sales Price*

$214,105

$250,000

+ 16.8%

$220,295

$230,500

+ 4.6%

Average Sales Price*

$188,610

$259,743

+ 37.7%

$203,186

$243,804

+ 20.0%

Average Sales Price*

$221,371

$234,107

+ 5.8%

$217,194

$226,218

+ 4.2%

97.9%

98.7%

+ 0.8%

95.9%

96.8%

+ 0.9%

Percent of Original List Price Received*

96.6%

99.7%

+ 3.2%

96.4%

98.8%

+ 2.5%

Days on Market Until Sale

31

25

- 19.4%

40

42

+ 5.0%

Days on Market Until Sale

48

14

- 70.8%

60

25

- 58.3%

Inventory of Homes for Sale

48

9

- 81.3%

--

--

--

Inventory of Homes for Sale

84

17

- 79.8%

--

--

--

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 —

$500,000

Single-Family Detached All MLS — James Island —

$250,000

$225,000 $400,000 $200,000

$300,000

Townhouse-Condo Attached All MLS — West Ashley Area —

All MLS — West Ashley Area —

$260,000

$325,000

$240,000

$300,000

$220,000

$275,000

$200,000

$250,000

$180,000

$225,000

$160,000

$200,000

$140,000

$175,000

$150,000 $200,000 $125,000 $100,000 1-2011

$350,000

Rolling 12-Month Calculation

1-2013

1-2015

1-2017

1-2019

1-2021

$100,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$175,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

$120,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of May 7, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 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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