{' '} {' '}
Limited time offer
SAVE % on your upgrade.

Page 1

DECEMBER 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 – December 2019

Local Market Update – December 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 December

Single-Family Detached

Year to Date

December

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

18

12

- 33.3%

400

450

+ 12.5%

New Listings

16

17

+ 6.3%

271

274

+ 1.1%

Closed Sales

17

21

+ 23.5%

204

184

- 9.8%

Closed Sales

13

14

+ 7.7%

159

184

+ 15.7%

Median Sales Price*

$1,575,000

$950,000

- 39.7%

$999,000

$975,000

- 2.4%

Median Sales Price*

$472,500

$531,000

+ 12.4%

$481,000

$467,500

- 2.8%

Average Sales Price*

$2,057,706

$1,132,472

- 45.0%

$1,393,470

$1,384,354

- 0.7%

Average Sales Price*

$460,369

$594,929

+ 29.2%

$499,554

$497,168

- 0.5%

91.2%

89.0%

- 2.4%

91.6%

89.7%

- 2.1%

Percent of Original List Price Received*

90.0%

90.3%

+ 0.3%

93.7%

91.0%

- 2.9%

Days on Market Until Sale

86

118

+ 37.2%

88

98

+ 11.4%

Days on Market Until Sale

73

87

+ 19.2%

56

71

+ 26.8%

Inventory of Homes for Sale

176

163

- 7.4%

--

--

--

Inventory of Homes for Sale

83

69

- 16.9%

--

--

--

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

December

Year to Date

December

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

15

21

+ 40.0%

401

397

- 1.0%

New Listings

1

1

0.0%

50

40

- 20.0%

Closed Sales

27

17

- 37.0%

204

172

- 15.7%

Closed Sales

2

2

0.0%

29

20

- 31.0%

Median Sales Price*

$642,500

$588,500

- 8.4%

$612,500

$603,750

- 1.4%

Median Sales Price*

$387,500

$481,750

+ 24.3%

$375,000

$291,500

- 22.3%

Average Sales Price*

$666,398

$661,056

- 0.8%

$742,101

$749,135

+ 0.9%

Average Sales Price*

$387,500

$481,750

+ 24.3%

$439,933

$396,618

- 9.8%

97.0%

91.3%

- 5.9%

95.0%

91.1%

- 4.1%

Percent of Original List Price Received*

87.6%

89.2%

+ 1.8%

94.4%

92.3%

- 2.2%

Days on Market Until Sale

38

114

+ 200.0%

71

96

+ 35.2%

Days on Market Until Sale

176

94

- 46.6%

46

105

+ 128.3%

Inventory of Homes for Sale

164

152

- 7.3%

--

--

--

Inventory of Homes for Sale

12

18

+ 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.

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

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

$200,000

$200,000

$200,000

$200,000 $0 1-2009

All MLS — Upper Charleston Peninsula —

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of January 9, 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 1-2009

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 January 9, 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 – December 2019

Local Market Update – December 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 December

Single-Family Detached

Year to Date

December

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

44

38

- 13.6%

1,122

1,148

+ 2.3%

New Listings

66

73

+ 10.6%

1,489

1,549

+ 4.0%

Closed Sales

64

49

- 23.4%

817

791

- 3.2%

Closed Sales

83

93

+ 12.0%

975

1,156

+ 18.6%

Median Sales Price*

$551,471

$640,000

+ 16.1%

$565,940

$570,000

+ 0.7%

Median Sales Price*

$570,000

$556,000

- 2.5%

$524,410

$515,000

- 1.8%

Average Sales Price*

$656,431

$849,285

+ 29.4%

$674,609

$696,678

+ 3.3%

Average Sales Price*

$599,789

$595,992

- 0.6%

$575,387

$569,684

- 1.0%

96.2%

91.3%

- 5.1%

95.4%

94.1%

- 1.4%

Percent of Original List Price Received*

96.9%

97.2%

+ 0.3%

96.3%

96.6%

+ 0.3%

Days on Market Until Sale

51

101

+ 98.0%

51

65

+ 27.5%

Days on Market Until Sale

53

64

+ 20.8%

72

71

- 1.4%

Inventory of Homes for Sale

245

223

- 9.0%

--

--

--

Inventory of Homes for Sale

396

268

- 32.3%

--

--

--

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

December

Year to Date

December

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

27

19

- 29.6%

468

402

- 14.1%

New Listings

26

14

- 46.2%

481

426

- 11.4%

Closed Sales

23

28

+ 21.7%

352

329

- 6.5%

Closed Sales

23

20

- 13.0%

354

326

- 7.9%

Median Sales Price*

$197,500

$245,000

+ 24.1%

$240,000

$248,000

+ 3.3%

Median Sales Price*

$319,500

$327,000

+ 2.3%

$317,815

$305,000

- 4.0%

Average Sales Price*

$344,647

$320,384

- 7.0%

$341,605

$341,550

- 0.0%

Average Sales Price*

$313,145

$313,687

+ 0.2%

$301,538

$293,972

- 2.5%

92.9%

96.6%

+ 4.0%

96.5%

95.8%

- 0.7%

Percent of Original List Price Received*

95.3%

96.1%

+ 0.8%

97.2%

96.3%

- 0.9%

Days on Market Until Sale

51

47

- 7.8%

48

53

+ 10.4%

Days on Market Until Sale

67

80

+ 19.4%

50

65

+ 30.0%

Inventory of Homes for Sale

107

77

- 28.0%

--

--

--

Inventory of Homes for Sale

101

67

- 33.7%

--

--

--

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 January 9, 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 1-2009

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 January 9, 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 – December 2019

Local Market Update – December 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 December

Single-Family Detached

Year to Date

December

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

16

20

+ 25.0%

293

305

+ 4.1%

New Listings

3

2

- 33.3%

90

65

- 27.8%

Closed Sales

12

17

+ 41.7%

182

181

- 0.5%

Closed Sales

3

3

0.0%

62

51

- 17.7%

Median Sales Price*

$987,500

$800,000

- 19.0%

$956,250

$1,062,500

+ 11.1%

Median Sales Price*

$1,600,000

$1,880,000

+ 17.5%

$1,981,800

$2,135,000

+ 7.7%

Average Sales Price*

$1,127,125

$1,355,524

+ 20.3%

$1,239,409

$1,414,614

+ 14.1%

Average Sales Price*

$1,475,000

$2,021,667

+ 37.1%

$2,163,784

$2,291,037

+ 5.9%

85.2%

88.8%

+ 4.2%

91.5%

91.2%

- 0.3%

Percent of Original List Price Received*

96.2%

87.7%

- 8.8%

93.6%

87.8%

- 6.2%

Days on Market Until Sale

89

140

+ 57.3%

111

114

+ 2.7%

Days on Market Until Sale

44

92

+ 109.1%

79

114

+ 44.3%

Inventory of Homes for Sale

129

115

- 10.9%

--

--

--

Inventory of Homes for Sale

27

17

- 37.0%

--

--

--

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

December

Year to Date

December

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

8

6

- 25.0%

129

146

+ 13.2%

New Listings

0

0

--

6

3

- 50.0%

Closed Sales

5

6

+ 20.0%

93

83

- 10.8%

Closed Sales

0

0

--

2

3

+ 50.0%

Median Sales Price*

$405,000

$647,500

+ 59.9%

$545,000

$494,500

- 9.3%

Median Sales Price*

$0

$0

--

$487,500

$1,735,000

+ 255.9%

Average Sales Price*

$458,200

$720,833

+ 57.3%

$591,943

$567,534

- 4.1%

Average Sales Price*

$0

$0

--

$487,500

$1,397,500

+ 186.7%

95.5%

88.1%

- 7.7%

94.1%

94.4%

+ 0.3%

Percent of Original List Price Received*

0.0%

0.0%

--

97.5%

96.5%

- 1.0%

Days on Market Until Sale

97

191

+ 96.9%

103

106

+ 2.9%

Days on Market Until Sale

0

0

--

13

170

+ 1,207.7%

Inventory of Homes for Sale

65

75

+ 15.4%

--

--

--

Inventory of Homes for Sale

3

1

- 66.7%

--

--

--

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

Townhouse-Condo Attached

Single-Family Detached All MLS — Isle of Palms —

$1,000,000

$800,000

Rolling 12-Month Calculation All MLS — Sullivan's Island —

$2,500,000

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 January 9, 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 1-2009

$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 January 9, 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 – December 2019

Local Market Update – December 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 December

Single-Family Detached

Year to Date

December

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

38

34

- 10.5%

916

999

+ 9.1%

New Listings

58

74

+ 27.6%

1,745

1,784

+ 2.2%

Closed Sales

36

57

+ 58.3%

700

716

+ 2.3%

Closed Sales

78

107

+ 37.2%

1,346

1,308

- 2.8%

Median Sales Price*

$370,000

$355,000

- 4.1%

$370,620

$360,000

- 2.9%

Median Sales Price*

$307,450

$295,000

- 4.0%

$309,220

$315,000

+ 1.9%

Average Sales Price*

$426,781

$413,204

- 3.2%

$435,311

$439,468

+ 1.0%

Average Sales Price*

$362,352

$309,753

- 14.5%

$345,203

$338,382

- 2.0%

96.3%

95.0%

- 1.3%

96.9%

95.5%

- 1.4%

Percent of Original List Price Received*

94.4%

95.2%

+ 0.8%

96.3%

95.3%

- 1.0%

Days on Market Until Sale

48

46

- 4.2%

40

47

+ 17.5%

Days on Market Until Sale

52

49

- 5.8%

39

48

+ 23.1%

Inventory of Homes for Sale

202

145

- 28.2%

--

--

--

Inventory of Homes for Sale

332

268

- 19.3%

--

--

--

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

December

Year to Date

December

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

11

17

+ 54.5%

248

282

+ 13.7%

New Listings

26

22

- 15.4%

516

596

+ 15.5%

Closed Sales

7

13

+ 85.7%

196

234

+ 19.4%

Closed Sales

23

33

+ 43.5%

428

487

+ 13.8%

Median Sales Price*

$196,000

$187,000

- 4.6%

$195,000

$209,950

+ 7.7%

Median Sales Price*

$192,500

$193,000

+ 0.3%

$185,000

$208,000

+ 12.4%

Average Sales Price*

$178,557

$188,019

+ 5.3%

$197,159

$222,326

+ 12.8%

Average Sales Price*

$195,449

$191,982

- 1.8%

$185,260

$206,662

+ 11.6%

94.5%

93.7%

- 0.8%

96.5%

97.1%

+ 0.6%

Percent of Original List Price Received*

97.2%

95.5%

- 1.7%

97.4%

97.1%

- 0.3%

Days on Market Until Sale

40

68

+ 70.0%

48

40

- 16.7%

Days on Market Until Sale

36

47

+ 30.6%

37

45

+ 21.6%

Inventory of Homes for Sale

51

48

- 5.9%

--

--

--

Inventory of Homes for Sale

96

86

- 10.4%

--

--

--

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

$350,000

Townhouse-Condo Attached

Single-Family Detached All MLS — James Island —

$220,000

All MLS — West Ashley Area —

$325,000

$200,000

$300,000

$180,000

$275,000

$160,000

$250,000

$140,000

$225,000

$120,000

$200,000

Rolling 12-Month Calculation

$220,000

$200,000

$300,000

$180,000

$250,000

$160,000

$200,000

$150,000 1-2009

All MLS — West Ashley Area —

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 January 9, 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 1-2009

$140,000

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 January 9, 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

FOLLOW THE CASSINA GROUP

Profile for thecassinagroup

December 2019 Real Estate Report | The Cassina Group  

December 2019 Real Estate Report | The Cassina Group  

Advertisement