December 2020 Real Estate Report | The Cassina Group

DECEMBER 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 – December 2020

Local Market Update – December 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 December

Single-Family Detached

Year to Date

December

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

12

15

+ 25.0%

449

450

+ 0.2%

New Listings

17

16

- 5.9%

274

331

+ 20.8%

Closed Sales

21

22

+ 4.8%

184

226

+ 22.8%

Closed Sales

14

22

+ 57.1%

184

217

+ 17.9%

Median Sales Price*

$950,000

806,250

- 15.1%

$975,000

$905,000

- 7.2%

Median Sales Price*

$531,000

579,500

+ 9.1%

$467,500

$526,000

+ 12.5%

Average Sales Price*

$1,132,472

$1,090,545

- 3.7%

$1,384,368

$1,332,392

- 3.8%

Average Sales Price*

$594,929

$574,985

- 3.4%

$497,168

$569,551

+ 14.6%

89.0%

93.5%

+ 5.1%

89.7%

90.6%

+ 1.0%

Percent of Original List Price Received*

90.3%

94.3%

+ 4.4%

91.0%

93.5%

+ 2.7%

Days on Market Until Sale

118

71

- 39.8%

98

111

+ 13.3%

Days on Market Until Sale

87

62

- 28.7%

71

55

- 22.5%

Inventory of Homes for Sale

180

165

- 8.3%

--

--

--

Inventory of Homes for Sale

80

70

- 12.5%

--

--

--

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

December

Year to Date

December

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

21

25

+ 19.0%

397

419

+ 5.5%

New Listings

1

3

+ 200.0%

40

45

+ 12.5%

Closed Sales

18

22

+ 22.2%

172

189

+ 9.9%

Closed Sales

2

6

+ 200.0%

20

27

+ 35.0%

Median Sales Price*

$578,250

$752,500

+ 30.1%

$600,000

$585,000

- 2.5%

Median Sales Price*

$481,750

$474,500

- 1.5%

$291,500

$299,900

+ 2.9%

Average Sales Price*

$653,775

$1,087,773

+ 66.4%

$745,530

$811,717

+ 8.9%

Average Sales Price*

$481,750

$489,817

+ 1.7%

$396,618

$409,552

+ 3.3%

91.6%

96.3%

+ 5.1%

91.2%

92.8%

+ 1.8%

Percent of Original List Price Received*

89.2%

92.8%

+ 4.0%

92.3%

94.5%

+ 2.4%

Days on Market Until Sale

112

129

+ 15.2%

96

136

+ 41.7%

Days on Market Until Sale

94

39

- 58.5%

105

72

- 31.4%

Inventory of Homes for Sale

166

155

- 6.6%

--

--

--

Inventory of Homes for Sale

19

9

- 52.6%

--

--

--

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 $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

1-2012

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 January 8, 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 1-2010

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 January 8, 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 – December 2020

Local Market Update – December 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 December

Single-Family Detached

Year to Date

December

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

38

64

+ 68.4%

1,147

1,094

- 4.6%

New Listings

72

75

+ 4.2%

1,546

1,448

- 6.3%

Closed Sales

49

75

+ 53.1%

794

948

+ 19.4%

Closed Sales

94

129

+ 37.2%

1,159

1,304

+ 12.5%

Median Sales Price*

$640,000

760,000

+ 18.8%

$570,000

$635,000

+ 11.4%

Median Sales Price*

$556,555

545,000

- 2.1%

$515,000

$540,070

+ 4.9%

Average Sales Price*

$849,285

$963,817

+ 13.5%

$696,246

$772,968

+ 11.0%

Average Sales Price*

$599,032

$650,542

+ 8.6%

$569,948

$610,664

+ 7.1%

91.3%

96.7%

+ 5.9%

94.1%

95.9%

+ 1.9%

Percent of Original List Price Received*

97.3%

98.4%

+ 1.1%

96.6%

97.5%

+ 0.9%

Days on Market Until Sale

101

64

- 36.6%

65

55

- 15.4%

Days on Market Until Sale

64

33

- 48.4%

71

52

- 26.8%

Inventory of Homes for Sale

256

86

- 66.4%

--

--

--

Inventory of Homes for Sale

306

89

- 70.9%

--

--

--

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

2019

2020

Percent Change

2019

2020

Percent Change

Key Metrics

2019

2020

Percent Change

2019

2020

Percent Change

New Listings

19

21

+ 10.5%

402

484

+ 20.4%

New Listings

15

23

+ 53.3%

427

425

- 0.5%

Closed Sales

28

44

+ 57.1%

329

419

+ 27.4%

Closed Sales

21

39

+ 85.7%

327

368

+ 12.5%

Median Sales Price*

$245,000

$264,500

+ 8.0%

$248,000

$250,000

+ 0.8%

Median Sales Price*

$325,000

$312,750

- 3.8%

$305,000

$319,250

+ 4.7%

Average Sales Price*

$320,384

$394,342

+ 23.1%

$341,547

$328,819

- 3.7%

Average Sales Price*

$310,440

$323,936

+ 4.3%

$293,823

$314,820

+ 7.1%

96.6%

95.8%

- 0.8%

95.8%

96.2%

+ 0.4%

Percent of Original List Price Received*

96.3%

98.6%

+ 2.4%

96.3%

97.3%

+ 1.0%

Days on Market Until Sale

47

55

+ 17.0%

53

50

- 5.7%

Days on Market Until Sale

77

32

- 58.4%

65

53

- 18.5%

Inventory of Homes for Sale

85

38

- 55.3%

--

--

--

Inventory of Homes for Sale

81

25

- 69.1%

--

--

--

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

* 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

$600,000

$500,000

$300,000

$400,000

$250,000

$300,000

$200,000

$200,000

$150,000

$220,000

$500,000

$200,000 $400,000 $180,000 $300,000 $160,000 $200,000

$100,000 1-2010

$140,000

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 January 8, 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 1-2010

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 January 8, 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 – December 2020

Local Market Update – December 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 December

Single-Family Detached

Year to Date

December

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

20

18

- 10.0%

305

308

+ 1.0%

New Listings

3

3

0.0%

66

65

- 1.5%

Closed Sales

17

20

+ 17.6%

181

284

+ 56.9%

Closed Sales

4

2

- 50.0%

52

52

0.0%

Median Sales Price*

$800,000

1,269,500

+ 58.7%

$1,062,500

$1,140,000

+ 7.3%

Median Sales Price*

$2,107,500

2,450,000

+ 16.3%

$2,142,500

$2,407,500

+ 12.4%

Average Sales Price*

$1,355,524

$1,697,525

+ 25.2%

$1,414,614

$1,392,116

- 1.6%

Average Sales Price*

$2,132,000

$2,450,000

+ 14.9%

$2,294,344

$2,560,050

+ 11.6%

88.8%

93.5%

+ 5.3%

91.2%

93.3%

+ 2.3%

Percent of Original List Price Received*

90.8%

100.1%

+ 10.2%

88.0%

93.1%

+ 5.8%

Days on Market Until Sale

140

87

- 37.9%

114

106

- 7.0%

Days on Market Until Sale

69

0

- 100.0%

112

72

- 35.7%

Inventory of Homes for Sale

129

39

- 69.8%

--

--

--

Inventory of Homes for Sale

20

13

- 35.0%

--

--

--

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

2019

2020

Percent Change

2019

2020

Percent Change

Key Metrics

2019

2020

Percent Change

2019

2020

Percent Change

New Listings

7

5

- 28.6%

147

144

- 2.0%

New Listings

0

0

--

3

3

0.0%

Closed Sales

6

12

+ 100.0%

83

144

+ 73.5%

Closed Sales

0

0

--

3

4

+ 33.3%

Median Sales Price*

$647,500

$596,250

- 7.9%

$494,500

$596,250

+ 20.6%

Median Sales Price*

$0

$0

--

$1,735,000

$1,205,000

- 30.5%

Average Sales Price*

$720,833

$671,625

- 6.8%

$567,534

$664,813

+ 17.1%

Average Sales Price*

$0

$0

--

$1,397,500

$1,150,558

- 17.7%

88.1%

95.0%

+ 7.8%

94.4%

94.4%

0.0%

0.0%

0.0%

--

96.5%

86.9%

- 9.9%

Days on Market Until Sale

191

116

- 39.3%

106

105

- 0.9%

Days on Market Until Sale

0

0

--

170

265

+ 55.9%

Inventory of Homes for Sale

79

27

- 65.8%

--

--

--

Inventory of Homes for Sale

1

0

- 100.0%

--

--

--

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*

Townhouse-Condo Attached

Single-Family Detached All MLS — Isle of Palms —

$700,000

All MLS — Sullivan's Island —

$3,000,000

$1,000,000

$600,000

$2,500,000

$800,000

$500,000

$2,000,000

$600,000

$400,000

$1,500,000

$400,000

$300,000

$1,000,000

$200,000

$200,000

$500,000

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

$4,000,000

$3,000,000

$2,000,000

$1,000,000

$0 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 January 8, 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 1-2010

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 January 8, 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 – December 2020

Local Market Update – December 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 December

Single-Family Detached

Year to Date

December

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

34

42

+ 23.5%

998

855

- 14.3%

New Listings

75

88

+ 17.3%

1,786

1,805

+ 1.1%

Closed Sales

57

65

+ 14.0%

718

757

+ 5.4%

Closed Sales

107

136

+ 27.1%

1,310

1,602

+ 22.3%

Median Sales Price*

$355,000

430,000

+ 21.1%

$360,000

$399,000

+ 10.8%

Median Sales Price*

$295,000

349,500

+ 18.5%

$315,000

$327,000

+ 3.8%

Average Sales Price*

$413,204

$499,118

+ 20.8%

$439,333

$485,952

+ 10.6%

Average Sales Price*

$309,753

$404,040

+ 30.4%

$338,727

$374,734

+ 10.6%

95.0%

96.5%

+ 1.6%

95.5%

96.5%

+ 1.0%

Percent of Original List Price Received*

95.2%

96.8%

+ 1.7%

95.3%

96.8%

+ 1.6%

Days on Market Until Sale

46

47

+ 2.2%

47

42

- 10.6%

Days on Market Until Sale

49

30

- 38.8%

48

38

- 20.8%

Inventory of Homes for Sale

169

76

- 55.0%

--

--

--

Inventory of Homes for Sale

307

108

- 64.8%

--

--

--

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

December

Year to Date

December

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

18

16

- 11.1%

283

281

- 0.7%

New Listings

22

31

+ 40.9%

596

546

- 8.4%

Closed Sales

13

27

+ 107.7%

234

242

+ 3.4%

Closed Sales

33

53

+ 60.6%

487

500

+ 2.7%

Median Sales Price*

$187,000

$167,500

- 10.4%

$209,950

$202,000

- 3.8%

Median Sales Price*

$193,000

$255,000

+ 32.1%

$208,000

$220,148

+ 5.8%

Average Sales Price*

$188,019

$176,920

- 5.9%

$222,326

$203,357

- 8.5%

Average Sales Price*

$191,982

$252,210

+ 31.4%

$206,662

$219,717

+ 6.3%

93.7%

94.1%

+ 0.4%

97.1%

96.4%

- 0.7%

Percent of Original List Price Received*

95.5%

98.3%

+ 2.9%

97.1%

97.5%

+ 0.4%

Days on Market Until Sale

68

28

- 58.8%

40

36

- 10.0%

Days on Market Until Sale

47

33

- 29.8%

45

42

- 6.7%

Inventory of Homes for Sale

52

20

- 61.5%

--

--

--

Inventory of Homes for Sale

99

41

- 58.6%

--

--

--

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

* 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

$400,000

Townhouse-Condo Attached

Single-Family Detached All MLS — James Island —

$240,000

All MLS — West Ashley Area —

$350,000

$220,000

$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

$240,000

$220,000

$200,000

$300,000

$180,000

$200,000

$100,000 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 January 8, 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 1-2010

$160,000

$140,000

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 January 8, 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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