FEBRUARY 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 – February 2021
Local Market Update – February 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 February
Single-Family Detached
Year to Date
February
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
32
27
- 15.6%
73
70
- 4.1%
New Listings
25
22
- 12.0%
46
47
+ 2.2%
Closed Sales
15
35
+ 133.3%
27
61
+ 125.9%
Closed Sales
18
15
- 16.7%
27
31
+ 14.8%
Median Sales Price*
$568,900
$870,000
+ 52.9%
$695,000
$922,000
+ 32.7%
Median Sales Price*
$465,000
$580,000
+ 24.7%
$465,000
$560,000
+ 20.4%
Average Sales Price*
$832,887
$1,219,275
+ 46.4%
$860,307
$1,435,502
+ 66.9%
Average Sales Price*
$556,914
$649,473
+ 16.6%
$556,794
$604,335
+ 8.5%
89.9%
93.1%
+ 3.6%
88.5%
92.6%
+ 4.6%
Percent of Original List Price Received*
91.5%
95.4%
+ 4.3%
91.6%
94.9%
+ 3.6%
Days on Market Until Sale
114
142
+ 24.6%
124
131
+ 5.6%
Days on Market Until Sale
88
51
- 42.0%
75
50
- 33.3%
Inventory of Homes for Sale
170
114
- 32.9%
--
--
--
Inventory of Homes for Sale
70
55
- 21.4%
--
--
--
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
February
Year to Date
February
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
38
39
+ 2.6%
71
77
+ 8.5%
New Listings
3
3
0.0%
8
5
- 37.5%
Closed Sales
19
19
0.0%
31
29
- 6.5%
Closed Sales
0
2
--
3
2
- 33.3%
Median Sales Price*
$595,000
$615,000
+ 3.4%
$600,000
$649,000
+ 8.2%
Median Sales Price*
$0
$407,500
--
$255,000
$407,500
+ 59.8%
Average Sales Price*
$1,104,632
$671,887
- 39.2%
$962,290
$783,064
- 18.6%
Average Sales Price*
$0
$407,500
--
$250,333
$407,500
+ 62.8%
90.3%
90.8%
+ 0.6%
88.7%
90.6%
+ 2.1%
Percent of Original List Price Received*
0.0%
99.0%
--
98.6%
99.0%
+ 0.4%
Days on Market Until Sale
120
189
+ 57.5%
154
172
+ 11.7%
Days on Market Until Sale
0
54
--
65
54
- 16.9%
Inventory of Homes for Sale
165
142
- 13.9%
--
--
--
Inventory of Homes for Sale
19
6
- 68.4%
--
--
--
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 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
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
$200,000
$200,000
$200,000
$200,000 $0 1-2011
All MLS — Upper Charleston Peninsula —
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of March 9, 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 1-2011
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 March 9, 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 – February 2021
Local Market Update – February 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 February
Single-Family Detached
Year to Date
February
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
85
90
+ 5.9%
166
156
- 6.0%
New Listings
107
117
+ 9.3%
229
241
+ 5.2%
Closed Sales
56
75
+ 33.9%
104
142
+ 36.5%
Closed Sales
66
87
+ 31.8%
148
169
+ 14.2%
Median Sales Price*
$612,495
$664,474
+ 8.5%
$567,500
$662,237
+ 16.7%
Median Sales Price*
$544,000
$540,000
- 0.7%
$535,750
$579,253
+ 8.1%
Average Sales Price*
$716,288
$830,707
+ 16.0%
$691,421
$810,172
+ 17.2%
Average Sales Price*
$625,693
$657,747
+ 5.1%
$585,431
$665,480
+ 13.7%
92.5%
96.4%
+ 4.2%
93.4%
96.1%
+ 2.9%
Percent of Original List Price Received*
95.6%
98.3%
+ 2.8%
96.3%
98.6%
+ 2.4%
Days on Market Until Sale
96
42
- 56.3%
81
47
- 42.0%
Days on Market Until Sale
94
37
- 60.6%
80
31
- 61.3%
Inventory of Homes for Sale
228
61
- 73.2%
--
--
--
Inventory of Homes for Sale
303
61
- 79.9%
--
--
--
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
February
Year to Date
February
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
48
55
+ 14.6%
91
100
+ 9.9%
New Listings
43
35
- 18.6%
78
65
- 16.7%
Closed Sales
22
35
+ 59.1%
36
63
+ 75.0%
Closed Sales
19
27
+ 42.1%
32
48
+ 50.0%
Median Sales Price*
$253,000
$287,000
+ 13.4%
$232,725
$287,000
+ 23.3%
Median Sales Price*
$319,500
$335,000
+ 4.9%
$305,750
$323,250
+ 5.7%
Average Sales Price*
$249,761
$446,534
+ 78.8%
$245,239
$403,513
+ 64.5%
Average Sales Price*
$326,261
$315,565
- 3.3%
$313,154
$311,722
- 0.5%
96.6%
97.1%
+ 0.5%
96.7%
97.0%
+ 0.3%
Percent of Original List Price Received*
96.9%
98.5%
+ 1.7%
97.0%
98.3%
+ 1.3%
Days on Market Until Sale
64
62
- 3.1%
58
56
- 3.4%
Days on Market Until Sale
56
22
- 60.7%
68
33
- 51.5%
Inventory of Homes for Sale
103
23
- 77.7%
--
--
--
Inventory of Homes for Sale
95
12
- 87.4%
--
--
--
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 Single-Family Detached $700,000
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Lower Mount Pleasant —
$250,000
$500,000
$225,000
$400,000
$200,000
$300,000
$175,000
$200,000
$150,000
1-2013
1-2015
1-2017
1-2019
1-2021
$125,000 1-2011
Single-Family Detached All MLS — Lower Mount Pleasant —
$275,000
$600,000
$100,000 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.
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of March 9, 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.
$600,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
$350,000
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
All MLS — Upper Mount Pleasant —
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of March 9, 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 – February 2021
Local Market Update – February 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 February
Single-Family Detached
Year to Date
February
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
35
28
- 20.0%
57
46
- 19.3%
New Listings
10
6
- 40.0%
14
10
- 28.6%
Closed Sales
13
20
+ 53.8%
23
36
+ 56.5%
Closed Sales
5
4
- 20.0%
8
9
+ 12.5%
Median Sales Price*
$1,499,000
$1,555,000
+ 3.7%
$1,070,000
$1,397,500
+ 30.6%
Median Sales Price*
$1,225,000
$3,799,500
+ 210.2%
$2,147,500
$3,188,775
+ 48.5%
Average Sales Price*
$1,569,654
$1,685,500
+ 7.4%
$1,333,087
$1,751,125
+ 31.4%
Average Sales Price*
$1,738,200
$3,979,750
+ 129.0%
$2,148,875
$3,395,308
+ 58.0%
89.5%
96.3%
+ 7.6%
89.9%
94.8%
+ 5.5%
Percent of Original List Price Received*
92.6%
95.3%
+ 2.9%
93.0%
96.0%
+ 3.2%
Days on Market Until Sale
94
33
- 64.9%
107
49
- 54.2%
Days on Market Until Sale
63
32
- 49.2%
67
82
+ 22.4%
Inventory of Homes for Sale
137
22
- 83.9%
--
--
--
Inventory of Homes for Sale
23
10
- 56.5%
--
--
--
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
February
Year to Date
February
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
10
- 33.3%
26
20
- 23.1%
New Listings
0
2
--
0
3
--
Closed Sales
8
10
+ 25.0%
14
25
+ 78.6%
Closed Sales
0
0
--
1
0
- 100.0%
Median Sales Price*
$459,250
$732,500
+ 59.5%
$626,000
$711,000
+ 13.6%
Median Sales Price*
$0
$0
--
$1,600,000
$0
- 100.0%
Average Sales Price*
$535,750
$744,000
+ 38.9%
$668,881
$738,534
+ 10.4%
Average Sales Price*
$0
$0
--
$1,600,000
$0
- 100.0%
93.9%
96.6%
+ 2.9%
93.4%
94.1%
+ 0.7%
Percent of Original List Price Received*
0.0%
0.0%
--
87.7%
0.0%
- 100.0%
Days on Market Until Sale
65
155
+ 138.5%
101
143
+ 41.6%
Days on Market Until Sale
0
0
--
516
0
- 100.0%
Inventory of Homes for Sale
77
22
- 71.4%
--
--
--
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 —
$1,400,000 $1,200,000
Single-Family Detached All MLS — Isle of Palms —
$700,000
$3,000,000
$600,000
$2,500,000
$500,000
$2,000,000
$400,000
$1,500,000
$300,000
$1,000,000
$200,000
$500,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Sullivan's Island —
All MLS — Sullivan's Island —
$4,000,000
$3,000,000
$1,000,000 $800,000
$2,000,000
$600,000 $400,000
$1,000,000
$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 March 9, 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 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of March 9, 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 – February 2021
Local Market Update – February 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 February
Single-Family Detached
Year to Date
February
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
89
52
- 41.6%
165
107
- 35.2%
New Listings
140
93
- 33.6%
326
208
- 36.2%
Closed Sales
51
51
0.0%
100
92
- 8.0%
Closed Sales
120
95
- 20.8%
198
183
- 7.6%
Median Sales Price*
$368,000
$400,000
+ 8.7%
$363,000
$402,500
+ 10.9%
Median Sales Price*
$325,500
$360,000
+ 10.6%
$315,500
$346,000
+ 9.7%
Average Sales Price*
$425,164
$468,572
+ 10.2%
$428,923
$472,640
+ 10.2%
Average Sales Price*
$343,870
$394,384
+ 14.7%
$334,818
$394,412
+ 17.8%
95.4%
97.6%
+ 2.3%
95.0%
97.2%
+ 2.3%
Percent of Original List Price Received*
95.4%
96.9%
+ 1.6%
95.4%
96.7%
+ 1.4%
Days on Market Until Sale
57
29
- 49.1%
56
29
- 48.2%
Days on Market Until Sale
56
30
- 46.4%
53
32
- 39.6%
Inventory of Homes for Sale
160
39
- 75.6%
--
--
--
Inventory of Homes for Sale
302
61
- 79.8%
--
--
--
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
February
Year to Date
February
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
23
17
- 26.1%
47
34
- 27.7%
New Listings
51
41
- 19.6%
93
82
- 11.8%
Closed Sales
15
24
+ 60.0%
25
39
+ 56.0%
Closed Sales
47
31
- 34.0%
73
58
- 20.5%
Median Sales Price*
$216,500
$176,250
- 18.6%
$217,000
$226,000
+ 4.1%
Median Sales Price*
$229,900
$195,000
- 15.2%
$232,373
$199,000
- 14.4%
Average Sales Price*
$201,427
$214,023
+ 6.3%
$202,152
$229,309
+ 13.4%
Average Sales Price*
$213,183
$220,128
+ 3.3%
$219,231
$210,803
- 3.8%
94.9%
95.0%
+ 0.1%
95.0%
95.8%
+ 0.8%
Percent of Original List Price Received*
95.7%
98.0%
+ 2.4%
96.0%
98.0%
+ 2.1%
Days on Market Until Sale
45
65
+ 44.4%
44
62
+ 40.9%
Days on Market Until Sale
67
28
- 58.2%
63
28
- 55.6%
Inventory of Homes for Sale
56
9
- 83.9%
--
--
--
Inventory of Homes for Sale
77
26
- 66.2%
--
--
--
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
* 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
Single-Family Detached All MLS — James Island —
$240,000
$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
Townhouse-Condo Attached All MLS — West Ashley Area —
$240,000
$220,000
$200,000
$300,000
$180,000
$200,000
$100,000 1-2011
All MLS — West Ashley Area —
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 March 9, 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 1-2011
$160,000
$140,000
1-2013
1-2015
1-2017
1-2019
1-2021
$120,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of March 9, 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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