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FEBRUARY 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 – February 2020

Local Market Update – February 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 February

Single-Family Detached

Year to Date

February

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

49

33

- 32.7%

88

73

- 17.0%

New Listings

23

25

+ 8.7%

41

46

+ 12.2%

Closed Sales

8

15

+ 87.5%

18

26

+ 44.4%

Closed Sales

13

18

+ 38.5%

30

27

- 10.0%

Median Sales Price*

$757,500

$568,900

- 24.9%

$1,167,500

$680,000

- 41.8%

Median Sales Price*

$465,000

$465,000

0.0%

$438,500

$465,000

+ 6.0%

Average Sales Price*

$820,313

$832,887

+ 1.5%

$1,230,972

$855,704

- 30.5%

Average Sales Price*

$441,538

$556,914

+ 26.1%

$414,133

$556,794

+ 34.4%

92.6%

89.9%

- 2.9%

92.2%

88.8%

- 3.7%

Percent of Original List Price Received*

89.4%

91.5%

+ 2.3%

89.4%

91.6%

+ 2.5%

Days on Market Until Sale

66

114

+ 72.7%

75

123

+ 64.0%

Days on Market Until Sale

127

88

- 30.7%

96

75

- 21.9%

Inventory of Homes for Sale

210

160

- 23.8%

--

--

--

Inventory of Homes for Sale

72

60

- 16.7%

--

--

--

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.

* 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

February

Year to Date

February

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

35

37

+ 5.7%

66

71

+ 7.6%

New Listings

3

3

0.0%

6

8

+ 33.3%

Closed Sales

9

18

+ 100.0%

21

30

+ 42.9%

Closed Sales

0

0

--

1

3

+ 200.0%

Median Sales Price*

$800,000

$592,500

- 25.9%

$990,000

$598,500

- 39.5%

Median Sales Price*

$0

$0

--

$264,500

$255,000

- 3.6%

Average Sales Price*

$1,152,556

$954,889

- 17.2%

$1,103,833

$867,700

- 21.4%

Average Sales Price*

$0

$0

--

$264,500

$250,333

- 5.4%

90.4%

89.8%

- 0.7%

91.8%

88.4%

- 3.7%

Percent of Original List Price Received*

0.0%

0.0%

--

89.8%

98.6%

+ 9.8%

Days on Market Until Sale

122

126

+ 3.3%

109

160

+ 46.8%

Days on Market Until Sale

0

0

--

132

65

- 50.8%

Inventory of Homes for Sale

171

158

- 7.6%

--

--

--

Inventory of Homes for Sale

13

17

+ 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.

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 March 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 1-2010

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 March 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 – February 2020

Local Market Update – February 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 February

Single-Family Detached

Year to Date

February

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

113

84

- 25.7%

198

165

- 16.7%

New Listings

150

105

- 30.0%

292

228

- 21.9%

Closed Sales

50

56

+ 12.0%

84

104

+ 23.8%

Closed Sales

70

61

- 12.9%

113

142

+ 25.7%

Median Sales Price*

$690,000

$612,495

- 11.2%

$640,000

$567,500

- 11.3%

Median Sales Price*

$461,654

$570,000

+ 23.5%

$488,924

$540,663

+ 10.6%

Average Sales Price*

$768,560

$716,288

- 6.8%

$720,440

$691,421

- 4.0%

Average Sales Price*

$521,578

$636,999

+ 22.1%

$550,284

$589,730

+ 7.2%

91.5%

92.5%

+ 1.1%

92.6%

93.4%

+ 0.9%

Percent of Original List Price Received*

95.9%

95.4%

- 0.5%

95.9%

96.2%

+ 0.3%

Days on Market Until Sale

92

96

+ 4.3%

79

81

+ 2.5%

Days on Market Until Sale

76

98

+ 28.9%

70

81

+ 15.7%

Inventory of Homes for Sale

260

199

- 23.5%

--

--

--

Inventory of Homes for Sale

452

279

- 38.3%

--

--

--

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

February

Year to Date

February

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

40

48

+ 20.0%

72

91

+ 26.4%

New Listings

43

43

0.0%

82

78

- 4.9%

Closed Sales

27

22

- 18.5%

40

36

- 10.0%

Closed Sales

28

19

- 32.1%

46

32

- 30.4%

Median Sales Price*

$239,500

$253,000

+ 5.6%

$255,000

$232,725

- 8.7%

Median Sales Price*

$238,250

$319,500

+ 34.1%

$291,000

$305,750

+ 5.1%

Average Sales Price*

$381,794

$249,761

- 34.6%

$401,266

$245,239

- 38.9%

Average Sales Price*

$274,854

$326,261

+ 18.7%

$298,961

$313,154

+ 4.7%

95.5%

96.6%

+ 1.2%

95.6%

96.7%

+ 1.2%

Percent of Original List Price Received*

95.9%

96.9%

+ 1.0%

95.2%

97.0%

+ 1.9%

Days on Market Until Sale

54

64

+ 18.5%

55

58

+ 5.5%

Days on Market Until Sale

49

56

+ 14.3%

59

68

+ 15.3%

Inventory of Homes for Sale

102

93

- 8.8%

--

--

--

Inventory of Homes for Sale

111

90

- 18.9%

--

--

--

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.

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 1-2010

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 March 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 1-2010

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 March 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 – February 2020

Local Market Update – February 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 February

Single-Family Detached

Year to Date

February

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

29

34

+ 17.2%

66

56

- 15.2%

New Listings

3

10

+ 233.3%

12

14

+ 16.7%

Closed Sales

10

13

+ 30.0%

17

23

+ 35.3%

Closed Sales

4

5

+ 25.0%

8

8

0.0%

Median Sales Price*

$920,000

$1,499,000

+ 62.9%

$910,000

$1,070,000

+ 17.6%

Median Sales Price*

$2,762,500

$1,225,000

- 55.7%

$1,988,438

$2,147,500

+ 8.0%

Average Sales Price*

$1,178,250

$1,569,654

+ 33.2%

$1,211,618

$1,333,087

+ 10.0%

Average Sales Price*

$2,652,500

$1,738,200

- 34.5%

$2,129,234

$2,148,875

+ 0.9%

92.9%

89.5%

- 3.7%

93.1%

89.9%

- 3.4%

88.4%

92.6%

+ 4.8%

88.0%

93.0%

+ 5.7%

Days on Market Until Sale

106

94

- 11.3%

91

107

+ 17.6%

Days on Market Until Sale

42

63

+ 50.0%

62

67

+ 8.1%

Inventory of Homes for Sale

148

125

- 15.5%

--

--

--

Inventory of Homes for Sale

30

20

- 33.3%

--

--

--

Percent of Original List Price Received*

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

February

Year to Date

February

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

13

15

+ 15.4%

27

26

- 3.7%

New Listings

1

0

- 100.0%

1

0

- 100.0%

Closed Sales

5

8

+ 60.0%

6

14

+ 133.3%

Closed Sales

0

0

--

1

1

0.0%

Median Sales Price*

$754,000

$459,250

- 39.1%

$588,000

$626,000

+ 6.5%

Median Sales Price*

$0

$0

--

$1,770,000

$1,600,000

- 9.6%

Average Sales Price*

$613,100

$535,750

- 12.6%

$581,250

$668,881

+ 15.1%

Average Sales Price*

$0

$0

--

$1,770,000

$1,600,000

- 9.6%

90.7%

93.9%

+ 3.5%

91.5%

93.4%

+ 2.1%

Percent of Original List Price Received*

0.0%

0.0%

--

94.4%

87.7%

- 7.1%

Days on Market Until Sale

121

65

- 46.3%

109

101

- 7.3%

Days on Market Until Sale

0

0

--

195

516

+ 164.6%

Inventory of Homes for Sale

74

69

- 6.8%

--

--

--

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

Single-Family Detached All MLS — Isle of Palms —

$700,000

$1,000,000

$600,000

$800,000

$500,000

$2,500,000

Rolling 12-Month Calculation

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

All MLS — Sullivan's Island —

$4,000,000

$2,000,000 $3,000,000 $1,500,000

$600,000

$400,000

$2,000,000 $1,000,000

$400,000

$300,000

$200,000

$200,000

$0 1-2010

1-2012

1-2014

1-2016

1-2018

1-2020

$100,000 1-2010

$1,000,000

$500,000

1-2012

1-2014

1-2016

1-2018

1-2020

Current as of March 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 1-2010

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 March 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 – February 2020

Local Market Update – February 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 February

Single-Family Detached

Year to Date

February

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

86

89

+ 3.5%

168

165

- 1.8%

New Listings

140

139

- 0.7%

288

326

+ 13.2%

Closed Sales

37

51

+ 37.8%

72

101

+ 40.3%

Closed Sales

99

118

+ 19.2%

162

195

+ 20.4%

Median Sales Price*

$360,000

$368,000

+ 2.2%

$363,113

$361,000

- 0.6%

Median Sales Price*

$312,000

$325,500

+ 4.3%

$311,500

$315,000

+ 1.1%

Average Sales Price*

$617,092

$425,164

- 31.1%

$517,420

$428,045

- 17.3%

Average Sales Price*

$345,554

$338,215

- 2.1%

$350,252

$331,276

- 5.4%

93.9%

95.4%

+ 1.6%

94.7%

95.0%

+ 0.3%

Percent of Original List Price Received*

96.4%

95.4%

- 1.0%

95.4%

95.4%

0.0%

Days on Market Until Sale

70

57

- 18.6%

66

56

- 15.2%

Days on Market Until Sale

46

57

+ 23.9%

52

54

+ 3.8%

Inventory of Homes for Sale

201

143

- 28.9%

--

--

--

Inventory of Homes for Sale

341

250

- 26.7%

--

--

--

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.

* 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

February

Year to Date

February

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

27

23

- 14.8%

47

47

0.0%

New Listings

54

51

- 5.6%

95

93

- 2.1%

Closed Sales

13

15

+ 15.4%

25

25

0.0%

Closed Sales

34

47

+ 38.2%

59

72

+ 22.0%

Median Sales Price*

$154,500

$216,500

+ 40.1%

$190,000

$217,000

+ 14.2%

Median Sales Price*

$235,073

$229,900

- 2.2%

$233,000

$231,137

- 0.8%

Average Sales Price*

$182,988

$201,427

+ 10.1%

$213,245

$202,152

- 5.2%

Average Sales Price*

$215,100

$213,183

- 0.9%

$215,952

$218,369

+ 1.1%

95.3%

94.9%

- 0.4%

95.4%

95.0%

- 0.4%

Percent of Original List Price Received*

96.8%

95.7%

- 1.1%

96.5%

96.0%

- 0.5%

Days on Market Until Sale

70

45

- 35.7%

70

44

- 37.1%

Days on Market Until Sale

44

67

+ 52.3%

46

64

+ 39.1%

Inventory of Homes for Sale

56

49

- 12.5%

--

--

--

Inventory of Homes for Sale

97

65

- 33.0%

--

--

--

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 — James Island —

$400,000

Single-Family Detached All MLS — James Island —

$240,000 $220,000

Townhouse-Condo Attached All MLS — West Ashley Area —

$300,000

$350,000 $200,000 $300,000

$325,000

Rolling 12-Month Calculation All MLS — West Ashley Area —

$220,000

$200,000

$275,000 $180,000

$180,000 $250,000 $160,000

$250,000

$160,000 $225,000

$140,000 $200,000

$150,000 1-2010

1-2012

1-2014

1-2016

1-2018

1-2020

$100,000 1-2010

$140,000

$200,000

$120,000

1-2012

1-2014

1-2016

1-2018

1-2020

Current as of March 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 1-2010

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 March 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

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