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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