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JANUARY 2019

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 – January 2019

Local Market Update – January 2019

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 January

Single-Family Detached

Year to Date

January

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

34

39

+ 14.7%

34

39

+ 14.7%

New Listings

25

18

- 28.0%

25

18

- 28.0%

Closed Sales

12

10

- 16.7%

12

10

- 16.7%

Closed Sales

14

16

+ 14.3%

14

16

+ 14.3%

Median Sales Price*

$1,150,000

$1,588,750

+ 38.2%

$1,150,000

$1,588,750

+ 38.2%

Median Sales Price*

$469,250

$397,750

- 15.2%

$469,250

$397,750

- 15.2%

Average Sales Price*

$1,608,458

$1,559,500

- 3.0%

$1,608,458

$1,559,500

- 3.0%

Average Sales Price*

$456,214

$390,250

- 14.5%

$456,214

$390,250

- 14.5%

92.9%

91.9%

- 1.1%

92.9%

91.9%

- 1.1%

Percent of Original List Price Received*

90.4%

89.1%

- 1.4%

90.4%

89.1%

- 1.4%

Days on Market Until Sale

50

82

+ 64.0%

50

82

+ 64.0%

Days on Market Until Sale

62

74

+ 19.4%

62

74

+ 19.4%

Inventory of Homes for Sale

116

161

+ 38.8%

--

--

--

Inventory of Homes for Sale

53

67

+ 26.4%

--

--

--

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

January

Year to Date

January

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

26

30

+ 15.4%

26

30

+ 15.4%

New Listings

6

3

- 50.0%

6

3

- 50.0%

Closed Sales

17

12

- 29.4%

17

12

- 29.4%

Closed Sales

5

1

- 80.0%

5

1

- 80.0%

Median Sales Price*

$710,000

$994,500

+ 40.1%

$710,000

$994,500

+ 40.1%

Median Sales Price*

$665,000

$264,500

- 60.2%

$665,000

$264,500

- 60.2%

Average Sales Price*

$752,147

$1,067,292

+ 41.9%

$752,147

$1,067,292

+ 41.9%

Average Sales Price*

$661,110

$264,500

- 60.0%

$661,110

$264,500

- 60.0%

93.2%

92.8%

- 0.4%

93.2%

92.8%

- 0.4%

103.4%

89.8%

- 13.2%

103.4%

89.8%

- 13.2%

Days on Market Until Sale

80

99

+ 23.8%

80

99

+ 23.8%

Days on Market Until Sale

43

132

+ 207.0%

43

132

+ 207.0%

Inventory of Homes for Sale

125

155

+ 24.0%

--

--

--

Inventory of Homes for Sale

9

10

+ 11.1%

--

--

--

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 $1,200,000

* 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 —

Percent of Original List Price Received*

$700,000

$1,000,000

$600,000

$800,000

$500,000

Single-Family Detached All MLS — Downtown Charleston —

$600,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —

All MLS — Upper Charleston Peninsula —

$500,000

$500,000 $400,000 $400,000

$600,000

$400,000

$300,000 $300,000

$400,000

$300,000

$200,000

$200,000

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

$200,000

$200,000

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of February 8, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of February 8, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – January 2019

Local Market Update – January 2019

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 January

Single-Family Detached

Year to Date

January

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

74

86

+ 16.2%

74

86

+ 16.2%

New Listings

106

141

+ 33.0%

106

141

+ 33.0%

Closed Sales

63

34

- 46.0%

63

34

- 46.0%

Closed Sales

60

43

- 28.3%

60

43

- 28.3%

Median Sales Price*

$535,000

$542,500

+ 1.4%

$535,000

$542,500

+ 1.4%

Median Sales Price*

$525,260

$594,440

+ 13.2%

$525,260

$594,440

+ 13.2%

Average Sales Price*

$614,487

$649,676

+ 5.7%

$614,487

$649,676

+ 5.7%

Average Sales Price*

$589,151

$595,164

+ 1.0%

$589,151

$595,164

+ 1.0%

93.2%

94.1%

+ 1.0%

93.2%

94.1%

+ 1.0%

Percent of Original List Price Received*

96.2%

96.1%

- 0.1%

96.2%

96.1%

- 0.1%

Days on Market Until Sale

61

60

- 1.6%

61

60

- 1.6%

Days on Market Until Sale

97

60

- 38.1%

97

60

- 38.1%

Inventory of Homes for Sale

206

230

+ 11.7%

--

--

--

Inventory of Homes for Sale

400

380

- 5.0%

--

--

--

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

January

Year to Date

January

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

36

32

- 11.1%

36

32

- 11.1%

New Listings

32

39

+ 21.9%

32

39

+ 21.9%

Closed Sales

22

13

- 40.9%

22

13

- 40.9%

Closed Sales

18

18

0.0%

18

18

0.0%

Median Sales Price*

$215,750

$287,500

+ 33.3%

$215,750

$287,500

+ 33.3%

Median Sales Price*

$316,190

$339,500

+ 7.4%

$316,190

$339,500

+ 7.4%

Average Sales Price*

$324,977

$441,708

+ 35.9%

$324,977

$441,708

+ 35.9%

Average Sales Price*

$298,426

$336,461

+ 12.7%

$298,426

$336,461

+ 12.7%

96.3%

95.8%

- 0.5%

96.3%

95.8%

- 0.5%

Percent of Original List Price Received*

97.9%

94.1%

- 3.9%

97.9%

94.1%

- 3.9%

Days on Market Until Sale

65

55

- 15.4%

65

55

- 15.4%

Days on Market Until Sale

93

73

- 21.5%

93

73

- 21.5%

Inventory of Homes for Sale

75

88

+ 17.3%

--

--

--

Inventory of Homes for Sale

82

94

+ 14.6%

--

--

--

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 $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 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$120,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of February 8, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of February 8, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – January 2019

Local Market Update – January 2019

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 January

Single-Family Detached

Year to Date

January

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

19

36

+ 89.5%

19

36

+ 89.5%

New Listings

7

10

+ 42.9%

7

10

+ 42.9%

Closed Sales

17

7

- 58.8%

17

7

- 58.8%

Closed Sales

2

4

+ 100.0%

2

4

+ 100.0%

Median Sales Price*

$1,180,000

$910,000

- 22.9%

$1,180,000

$910,000

- 22.9%

Median Sales Price*

$3,030,000

$1,663,438

- 45.1%

$3,030,000

$1,663,438

- 45.1%

Average Sales Price*

$1,419,176

$1,259,286

- 11.3%

$1,419,176

$1,259,286

- 11.3%

Average Sales Price*

$3,030,000

$1,605,969

- 47.0%

$3,030,000

$1,605,969

- 47.0%

88.5%

93.3%

+ 5.4%

88.5%

93.3%

+ 5.4%

Percent of Original List Price Received*

94.7%

87.5%

- 7.6%

94.7%

87.5%

- 7.6%

Days on Market Until Sale

181

69

- 61.9%

181

69

- 61.9%

Days on Market Until Sale

122

82

- 32.8%

122

82

- 32.8%

Inventory of Homes for Sale

122

133

+ 9.0%

--

--

--

Inventory of Homes for Sale

23

27

+ 17.4%

--

--

--

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

January

Year to Date

January

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

12

13

+ 8.3%

12

13

+ 8.3%

New Listings

1

0

- 100.0%

1

0

- 100.0%

Closed Sales

8

1

- 87.5%

8

1

- 87.5%

Closed Sales

0

1

--

0

1

--

Median Sales Price*

$465,000

$422,000

- 9.2%

$465,000

$422,000

- 9.2%

Median Sales Price*

$0

$1,770,000

--

$0

$1,770,000

--

Average Sales Price*

$486,063

$422,000

- 13.2%

$486,063

$422,000

- 13.2%

Average Sales Price*

$0

$1,770,000

--

$0

$1,770,000

--

96.3%

95.9%

- 0.4%

96.3%

95.9%

- 0.4%

Percent of Original List Price Received*

0.0%

94.4%

--

0.0%

94.4%

--

Days on Market Until Sale

104

49

- 52.9%

104

49

- 52.9%

Days on Market Until Sale

0

195

--

0

195

--

Inventory of Homes for Sale

61

69

+ 13.1%

--

--

--

Inventory of Homes for Sale

1

3

+ 200.0%

--

--

--

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

Single-Family Detached All MLS — Isle of Palms —

$1,000,000

$1,000,000

$800,000

$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

$800,000 $600,000

$1,500,000

$400,000

$1,000,000

$200,000

$500,000

$600,000

$2,000,000

$400,000

$200,000

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of February 8, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$0 1-2009

$1,000,000

1-2011

1-2013

1-2015

1-2017

1-2019

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of February 8, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – January 2019

Local Market Update – January 2019

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 January

Single-Family Detached

Year to Date

January

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

74

80

+ 8.1%

74

80

+ 8.1%

New Listings

129

150

+ 16.3%

129

150

+ 16.3%

Closed Sales

42

35

- 16.7%

42

35

- 16.7%

Closed Sales

73

63

- 13.7%

73

63

- 13.7%

Median Sales Price*

$393,500

$370,000

- 6.0%

$393,500

$370,000

- 6.0%

Median Sales Price*

$300,000

$311,000

+ 3.7%

$300,000

$311,000

+ 3.7%

Average Sales Price*

$423,185

$412,052

- 2.6%

$423,185

$412,052

- 2.6%

Average Sales Price*

$354,847

$362,316

+ 2.1%

$354,847

$362,316

+ 2.1%

95.4%

95.5%

+ 0.1%

95.4%

95.5%

+ 0.1%

Percent of Original List Price Received*

95.8%

93.7%

- 2.2%

95.8%

93.7%

- 2.2%

Days on Market Until Sale

37

63

+ 70.3%

37

63

+ 70.3%

Days on Market Until Sale

50

61

+ 22.0%

50

61

+ 22.0%

Inventory of Homes for Sale

162

172

+ 6.2%

--

--

--

Inventory of Homes for Sale

288

308

+ 6.9%

--

--

--

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

January

Year to Date

January

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

13

20

+ 53.8%

13

20

+ 53.8%

New Listings

40

41

+ 2.5%

40

41

+ 2.5%

Closed Sales

9

11

+ 22.2%

9

11

+ 22.2%

Closed Sales

25

25

0.0%

25

25

0.0%

Median Sales Price*

$176,000

$190,000

+ 8.0%

$176,000

$190,000

+ 8.0%

Median Sales Price*

$166,500

$232,500

+ 39.6%

$166,500

$232,500

+ 39.6%

Average Sales Price*

$194,333

$236,542

+ 21.7%

$194,333

$236,542

+ 21.7%

Average Sales Price*

$175,648

$217,109

+ 23.6%

$175,648

$217,109

+ 23.6%

96.1%

95.5%

- 0.6%

96.1%

95.5%

- 0.6%

Percent of Original List Price Received*

96.5%

96.2%

- 0.3%

96.5%

96.2%

- 0.3%

Days on Market Until Sale

56

60

+ 7.1%

56

60

+ 7.1%

Days on Market Until Sale

39

49

+ 25.6%

39

49

+ 25.6%

Inventory of Homes for Sale

52

41

- 21.2%

--

--

--

Inventory of Homes for Sale

70

79

+ 12.9%

--

--

--

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

* 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 —

$220,000

Townhouse-Condo Attached All MLS — West Ashley Area —

All MLS — West Ashley Area —

$220,000

$300,000

$200,000

$350,000

$320,000

Rolling 12-Month Calculation

$200,000 $280,000

$180,000 $300,000

$180,000

$260,000 $160,000 $240,000

$250,000 $140,000 $200,000

$150,000 1-2009

$120,000

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

$160,000

$220,000 $140,000

$200,000

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of February 8, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$180,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$120,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of February 8, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


132 East Bay Street, Charleston, SC 29401 69 Morris Street, Charleston, SC 29403 309 Coleman Boulevard, Mount Pleasant, SC 29464

843.628.0008 | TheCassinaGroup.com

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January 2019 Real Estate Report | Presented by The Cassina Group  

January 2019 Real Estate Report | Presented by The Cassina Group  

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