DECEMBER 2021
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 2021
Local Market Update – December 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 December
Single-Family Detached
Year to Date
December
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
15
22
+ 46.7%
449
407
- 9.4%
New Listings
16
12
- 25.0%
331
267
- 19.3%
Closed Sales
23
28
+ 21.7%
226
388
+ 71.7%
Closed Sales
22
20
- 9.1%
218
251
+ 15.1%
Median Sales Price*
$760,000
$1,275,000
+ 67.8%
$905,000
$1,055,250
+ 16.6%
Median Sales Price*
$579,500
$599,500
+ 3.5%
$525,500
$599,000
+ 14.0%
Average Sales Price*
$1,060,478
$1,683,036
+ 58.7%
$1,332,511
$1,455,519
+ 9.2%
Average Sales Price*
$574,985
$709,500
+ 23.4%
$568,645
$632,313
+ 11.2%
93.3%
94.3%
+ 1.1%
90.6%
94.1%
+ 3.9%
Percent of Original List Price Received*
94.3%
96.4%
+ 2.2%
93.5%
96.2%
+ 2.9%
Days on Market Until Sale
80
47
- 41.3%
111
83
- 25.2%
Days on Market Until Sale
62
39
- 37.1%
56
55
- 1.8%
Inventory of Homes for Sale
173
47
- 72.8%
--
--
--
Inventory of Homes for Sale
76
17
- 77.6%
--
--
--
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.
* 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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
25
14
- 44.0%
419
391
- 6.7%
New Listings
3
1
- 66.7%
45
49
+ 8.9%
Closed Sales
22
21
- 4.5%
189
330
+ 74.6%
Closed Sales
6
2
- 66.7%
27
34
+ 25.9%
Median Sales Price*
$752,500
$677,000
- 10.0%
$585,000
$650,000
+ 11.1%
Median Sales Price*
$474,500
$510,750
+ 7.6%
$299,900
$442,000
+ 47.4%
Average Sales Price*
$1,087,773
$991,524
- 8.8%
$811,717
$796,663
- 1.9%
Average Sales Price*
$489,817
$510,750
+ 4.3%
$409,552
$521,585
+ 27.4%
96.3%
94.9%
- 1.5%
92.8%
94.1%
+ 1.4%
Percent of Original List Price Received*
92.8%
100.9%
+ 8.7%
94.5%
98.0%
+ 3.7%
Days on Market Until Sale
129
68
- 47.3%
136
96
- 29.4%
Days on Market Until Sale
39
4
- 89.7%
72
33
- 54.2%
Inventory of Homes for Sale
167
73
- 56.3%
--
--
--
Inventory of Homes for Sale
9
7
- 22.2%
--
--
--
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 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
$700,000
$600,000
$600,000
$500,000
$500,000
$400,000
$400,000
$300,000
$300,000
$200,000
$200,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —
All MLS — Upper Charleston Peninsula —
$500,000
$400,000
$1,000,000 $800,000
$300,000
$600,000 $400,000
$200,000
$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 January 7, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 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 January 7, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – December 2021
Local Market Update – December 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 December
Single-Family Detached
Year to Date
December
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
65
39
- 40.0%
1,095
973
- 11.1%
New Listings
74
50
- 32.4%
1,446
1,257
- 13.1%
Closed Sales
76
73
- 3.9%
950
958
+ 0.8%
Closed Sales
129
70
- 45.7%
1,304
1,233
- 5.4%
Median Sales Price*
$764,500
$785,000
+ 2.7%
$635,000
$747,843
+ 17.8%
Median Sales Price*
$545,000
$749,615
+ 37.5%
$540,570
$650,000
+ 20.2%
Average Sales Price*
$964,832
$1,122,223
+ 16.3%
$773,100
$940,759
+ 21.7%
Average Sales Price*
$650,542
$863,900
+ 32.8%
$610,457
$733,018
+ 20.1%
97.0%
99.3%
+ 2.4%
95.9%
98.6%
+ 2.8%
Percent of Original List Price Received*
98.4%
100.6%
+ 2.2%
97.5%
100.8%
+ 3.4%
Days on Market Until Sale
63
14
- 77.8%
55
22
- 60.0%
Days on Market Until Sale
33
25
- 24.2%
52
18
- 65.4%
Inventory of Homes for Sale
106
34
- 67.9%
--
--
--
Inventory of Homes for Sale
105
41
- 61.0%
--
--
--
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
21
21
0.0%
484
553
+ 14.3%
New Listings
23
15
- 34.8%
425
369
- 13.2%
Closed Sales
44
35
- 20.5%
419
553
+ 32.0%
Closed Sales
40
38
- 5.0%
370
362
- 2.2%
Median Sales Price*
$264,500
$400,000
+ 51.2%
$250,000
$315,000
+ 26.0%
Median Sales Price*
$312,750
$399,952
+ 27.9%
$319,375
$350,000
+ 9.6%
Average Sales Price*
$394,342
$520,693
+ 32.0%
$328,819
$424,818
+ 29.2%
Average Sales Price*
$324,139
$388,622
+ 19.9%
$315,130
$359,838
+ 14.2%
95.8%
99.3%
+ 3.7%
96.2%
99.8%
+ 3.7%
Percent of Original List Price Received*
98.6%
99.9%
+ 1.3%
97.4%
100.6%
+ 3.3%
Days on Market Until Sale
55
31
- 43.6%
50
21
- 58.0%
Days on Market Until Sale
31
21
- 32.3%
53
13
- 75.5%
Inventory of Homes for Sale
46
4
- 91.3%
--
--
--
Inventory of Homes for Sale
33
6
- 81.8%
--
--
--
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 Single-Family Detached $800,000
* 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 —
$350,000
$700,000 $300,000 $600,000
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
All MLS — Upper Mount Pleasant —
$400,000
$600,000
$350,000
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$250,000
$500,000 $400,000
$200,000
$300,000 $150,000
$200,000 $100,000 1-2011
$700,000
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 January 7, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 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 January 7, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – December 2021
Local Market Update – December 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 December
Single-Family Detached
Year to Date
December
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
18
9
- 50.0%
308
307
- 0.3%
New Listings
3
4
+ 33.3%
64
64
0.0%
Closed Sales
22
20
- 9.1%
286
270
- 5.6%
Closed Sales
2
6
+ 200.0%
52
50
- 3.8%
Median Sales Price*
$1,269,500
$2,060,000
+ 62.3%
$1,140,000
$1,650,000
+ 44.7%
Median Sales Price*
$2,450,000
$3,150,000
+ 28.6%
$2,407,500
$3,100,000
+ 28.8%
Average Sales Price*
$1,682,295
$2,403,150
+ 42.8%
$1,393,081
$1,997,679
+ 43.4%
Average Sales Price*
$2,450,000
$2,821,167
+ 15.1%
$2,560,050
$3,369,515
+ 31.6%
94.1%
98.0%
+ 4.1%
93.3%
97.5%
+ 4.5%
Percent of Original List Price Received*
100.1%
92.7%
- 7.4%
93.1%
96.5%
+ 3.7%
Days on Market Until Sale
79
21
- 73.4%
106
29
- 72.6%
Days on Market Until Sale
0
25
--
72
64
- 11.1%
Inventory of Homes for Sale
43
18
- 58.1%
--
--
--
Inventory of Homes for Sale
13
9
- 30.8%
--
--
--
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
5
4
- 20.0%
144
109
- 24.3%
New Listings
0
2
--
3
8
+ 166.7%
Closed Sales
12
8
- 33.3%
144
114
- 20.8%
Closed Sales
0
2
--
4
6
+ 50.0%
Median Sales Price*
$596,250
$751,950
+ 26.1%
$596,250
$727,500
+ 22.0%
Median Sales Price*
$0
$1,575,000
--
$1,205,000
$690,000
- 42.7%
Average Sales Price*
$671,625
$995,488
+ 48.2%
$664,813
$783,993
+ 17.9%
Average Sales Price*
$0
$1,575,000
--
$1,150,558
$1,072,500
- 6.8%
95.0%
95.9%
+ 0.9%
94.4%
97.6%
+ 3.4%
Percent of Original List Price Received*
0.0%
97.1%
--
86.9%
90.1%
+ 3.7%
Days on Market Until Sale
116
183
+ 57.8%
105
77
- 26.7%
Days on Market Until Sale
0
10
--
265
40
- 84.9%
Inventory of Homes for Sale
27
8
- 70.4%
--
--
--
Inventory of Homes for Sale
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
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached
All MLS — Isle of Palms —
$1,750,000
$700,000
$1,250,000
$600,000
$1,000,000
$500,000
$750,000
$400,000
$500,000
$300,000
$250,000
$200,000
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 January 7, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
$800,000
$1,500,000
$0 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.
All MLS — Sullivan's Island —
$4,000,000
$4,000,000
$3,000,000
$3,000,000
$2,000,000
$2,000,000
$1,000,000
$1,000,000
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
All MLS — Sullivan's Island —
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of January 7, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – December 2021
Local Market Update – December 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 December
Single-Family Detached
Year to Date
December
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
42
33
- 21.4%
855
737
- 13.8%
New Listings
86
86
0.0%
1,790
1,603
- 10.4%
Closed Sales
65
41
- 36.9%
757
699
- 7.7%
Closed Sales
135
114
- 15.6%
1,600
1,404
- 12.3%
Median Sales Price*
$430,000
$519,000
+ 20.7%
$399,000
$460,000
+ 15.3%
Median Sales Price*
$345,000
$425,000
+ 23.2%
$326,000
$395,000
+ 21.2%
Average Sales Price*
$499,118
$591,423
+ 18.5%
$485,952
$561,916
+ 15.6%
Average Sales Price*
$401,048
$523,966
+ 30.6%
$373,852
$451,130
+ 20.7%
96.5%
99.3%
+ 2.9%
96.5%
99.2%
+ 2.8%
Percent of Original List Price Received*
96.8%
99.6%
+ 2.9%
96.8%
99.0%
+ 2.3%
Days on Market Until Sale
47
15
- 68.1%
42
19
- 54.8%
Days on Market Until Sale
29
17
- 41.4%
38
18
- 52.6%
Inventory of Homes for Sale
87
23
- 73.6%
--
--
--
Inventory of Homes for Sale
129
64
- 50.4%
--
--
--
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
December
Year to Date
December
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
16
11
- 31.3%
281
295
+ 5.0%
New Listings
31
23
- 25.8%
545
538
- 1.3%
Closed Sales
27
23
- 14.8%
242
296
+ 22.3%
Closed Sales
54
38
- 29.6%
501
521
+ 4.0%
Median Sales Price*
$167,500
$280,000
+ 67.2%
$202,000
$236,000
+ 16.8%
Median Sales Price*
$256,985
$280,000
+ 9.0%
$220,295
$247,500
+ 12.3%
Average Sales Price*
$176,920
$312,343
+ 76.5%
$203,357
$256,283
+ 26.0%
Average Sales Price*
$252,369
$268,806
+ 6.5%
$219,799
$247,833
+ 12.8%
94.1%
96.2%
+ 2.2%
96.4%
99.3%
+ 3.0%
Percent of Original List Price Received*
98.3%
100.1%
+ 1.8%
97.5%
99.9%
+ 2.5%
Days on Market Until Sale
28
31
+ 10.7%
36
20
- 44.4%
Days on Market Until Sale
33
21
- 36.4%
42
17
- 59.5%
Inventory of Homes for Sale
24
10
- 58.3%
--
--
--
Inventory of Homes for Sale
48
18
- 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
* 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
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
$300,000
Rolling 12-Month Calculation
All MLS — West Ashley Area —
$500,000
All MLS — West Ashley Area —
$300,000 $275,000
$400,000
$250,000
$400,000
$300,000
$200,000
$300,000
$250,000 $225,000 $200,000
$200,000
$175,000
$200,000
$150,000
$150,000 $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 January 7, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 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
$125,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of January 7, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 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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