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JANUARY 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 – January 2020

Local Market Update – January 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 January

Single-Family Detached

Year to Date

January

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

39

40

+ 2.6%

39

40

+ 2.6%

New Listings

18

21

+ 16.7%

18

21

+ 16.7%

Closed Sales

10

11

+ 10.0%

10

11

+ 10.0%

Closed Sales

17

9

- 47.1%

17

9

- 47.1%

Median Sales Price*

$1,588,750

$760,000

- 52.2%

$1,588,750

$760,000

- 52.2%

Median Sales Price*

$425,500

$465,000

+ 9.3%

$425,500

$465,000

+ 9.3%

Average Sales Price*

$1,559,500

$886,818

- 43.1%

$1,559,500

$886,818

- 43.1%

Average Sales Price*

$393,176

$556,556

+ 41.6%

$393,176

$556,556

+ 41.6%

91.9%

87.3%

- 5.0%

91.9%

87.3%

- 5.0%

Percent of Original List Price Received*

89.4%

91.6%

+ 2.5%

89.4%

91.6%

+ 2.5%

Days on Market Until Sale

82

135

+ 64.6%

82

135

+ 64.6%

Days on Market Until Sale

72

49

- 31.9%

72

49

- 31.9%

Inventory of Homes for Sale

188

172

- 8.5%

--

--

--

Inventory of Homes for Sale

75

64

- 14.7%

--

--

--

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

January

Year to Date

January

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

31

34

+ 9.7%

31

34

+ 9.7%

New Listings

3

5

+ 66.7%

3

5

+ 66.7%

Closed Sales

12

12

0.0%

12

12

0.0%

Closed Sales

1

3

+ 200.0%

1

3

+ 200.0%

Median Sales Price*

$994,500

$672,000

- 32.4%

$994,500

$672,000

- 32.4%

Median Sales Price*

$264,500

$255,000

- 3.6%

$264,500

$255,000

- 3.6%

Average Sales Price*

$1,067,292

$736,917

- 31.0%

$1,067,292

$736,917

- 31.0%

Average Sales Price*

$264,500

$250,333

- 5.4%

$264,500

$250,333

- 5.4%

92.8%

86.2%

- 7.1%

92.8%

86.2%

- 7.1%

Percent of Original List Price Received*

89.8%

98.6%

+ 9.8%

89.8%

98.6%

+ 9.8%

Days on Market Until Sale

99

209

+ 111.1%

99

209

+ 111.1%

Days on Market Until Sale

132

65

- 50.8%

132

65

- 50.8%

Inventory of Homes for Sale

174

156

- 10.3%

--

--

--

Inventory of Homes for Sale

12

20

+ 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 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 —

$700,000

$1,200,000

Single-Family Detached All MLS — Downtown Charleston —

$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 February 7, 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 February 7, 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 – January 2020

Local Market Update – January 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 January

Single-Family Detached

Year to Date

January

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

85

80

- 5.9%

85

80

- 5.9%

New Listings

142

123

- 13.4%

142

123

- 13.4%

Closed Sales

34

46

+ 35.3%

34

46

+ 35.3%

Closed Sales

43

81

+ 88.4%

43

81

+ 88.4%

Median Sales Price*

$542,500

$564,000

+ 4.0%

$542,500

$564,000

+ 4.0%

Median Sales Price*

$594,440

$532,535

- 10.4%

$594,440

$532,535

- 10.4%

Average Sales Price*

$649,676

$658,211

+ 1.3%

$649,676

$658,211

+ 1.3%

Average Sales Price*

$597,016

$554,132

- 7.2%

$597,016

$554,132

- 7.2%

94.1%

94.2%

+ 0.1%

94.1%

94.2%

+ 0.1%

Percent of Original List Price Received*

96.0%

96.8%

+ 0.8%

96.0%

96.8%

+ 0.8%

Days on Market Until Sale

60

64

+ 6.7%

60

64

+ 6.7%

Days on Market Until Sale

60

68

+ 13.3%

60

68

+ 13.3%

Inventory of Homes for Sale

252

210

- 16.7%

--

--

--

Inventory of Homes for Sale

427

289

- 32.3%

--

--

--

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

January

Year to Date

January

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

32

41

+ 28.1%

32

41

+ 28.1%

New Listings

39

35

- 10.3%

39

35

- 10.3%

Closed Sales

13

12

- 7.7%

13

12

- 7.7%

Closed Sales

18

13

- 27.8%

18

13

- 27.8%

Median Sales Price*

$287,500

$227,250

- 21.0%

$287,500

$227,250

- 21.0%

Median Sales Price*

$339,500

$270,000

- 20.5%

$339,500

$270,000

- 20.5%

Average Sales Price*

$441,708

$233,654

- 47.1%

$441,708

$233,654

- 47.1%

Average Sales Price*

$336,461

$293,998

- 12.6%

$336,461

$293,998

- 12.6%

95.8%

97.6%

+ 1.9%

95.8%

97.6%

+ 1.9%

Percent of Original List Price Received*

94.1%

97.2%

+ 3.3%

94.1%

97.2%

+ 3.3%

Days on Market Until Sale

55

40

- 27.3%

55

40

- 27.3%

Days on Market Until Sale

73

84

+ 15.1%

73

84

+ 15.1%

Inventory of Homes for Sale

98

81

- 17.3%

--

--

--

Inventory of Homes for Sale

105

75

- 28.6%

--

--

--

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 1-2010

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 February 7, 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 February 7, 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 – January 2020

Local Market Update – January 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 January

Single-Family Detached

Year to Date

January

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

37

22

- 40.5%

37

22

- 40.5%

New Listings

9

4

- 55.6%

9

4

- 55.6%

Closed Sales

7

10

+ 42.9%

7

10

+ 42.9%

Closed Sales

4

3

- 25.0%

4

3

- 25.0%

Median Sales Price*

$910,000

$940,000

+ 3.3%

$910,000

$940,000

+ 3.3%

Median Sales Price*

$1,663,438

$3,100,000

+ 86.4%

$1,663,438

$3,100,000

+ 86.4%

Average Sales Price*

$1,259,286

$1,025,550

- 18.6%

$1,259,286

$1,025,550

- 18.6%

Average Sales Price*

$1,605,969

$2,833,333

+ 76.4%

$1,605,969

$2,833,333

+ 76.4%

93.3%

90.5%

- 3.0%

93.3%

90.5%

- 3.0%

Percent of Original List Price Received*

87.5%

93.7%

+ 7.1%

87.5%

93.7%

+ 7.1%

Days on Market Until Sale

69

123

+ 78.3%

69

123

+ 78.3%

Days on Market Until Sale

82

74

- 9.8%

82

74

- 9.8%

Inventory of Homes for Sale

142

116

- 18.3%

--

--

--

Inventory of Homes for Sale

30

17

- 43.3%

--

--

--

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

January

Year to Date

January

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

14

11

- 21.4%

14

11

- 21.4%

New Listings

0

0

--

0

0

--

Closed Sales

1

6

+ 500.0%

1

6

+ 500.0%

Closed Sales

1

1

0.0%

1

1

0.0%

Median Sales Price*

$422,000

$777,500

+ 84.2%

$422,000

$777,500

+ 84.2%

Median Sales Price*

$1,770,000

$1,600,000

- 9.6%

$1,770,000

$1,600,000

- 9.6%

Average Sales Price*

$422,000

$846,389

+ 100.6%

$422,000

$846,389

+ 100.6%

Average Sales Price*

$1,770,000

$1,600,000

- 9.6%

$1,770,000

$1,600,000

- 9.6%

95.9%

92.6%

- 3.4%

95.9%

92.6%

- 3.4%

94.4%

87.7%

- 7.1%

94.4%

87.7%

- 7.1%

Days on Market Until Sale

49

149

+ 204.1%

49

149

+ 204.1%

195

516

+ 164.6%

195

516

+ 164.6%

Inventory of Homes for Sale

71

68

- 4.2%

--

--

--

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

Rolling 12-Month Calculation

Townhouse-Condo Attached

Single-Family Detached

All MLS — Isle of Palms —

$1,200,000

Days on Market Until Sale Inventory of Homes for Sale

* 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

Percent of Original List Price Received*

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 February 7, 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 February 7, 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 – January 2020

Local Market Update – January 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 January

Single-Family Detached

Year to Date

January

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

82

76

- 7.3%

82

76

- 7.3%

New Listings

148

186

+ 25.7%

148

186

+ 25.7%

Closed Sales

35

50

+ 42.9%

35

50

+ 42.9%

Closed Sales

63

77

+ 22.2%

63

77

+ 22.2%

Median Sales Price*

$370,000

$354,000

- 4.3%

$370,000

$354,000

- 4.3%

Median Sales Price*

$305,000

$295,000

- 3.3%

$305,000

$295,000

- 3.3%

Average Sales Price*

$412,052

$430,983

+ 4.6%

$412,052

$430,983

+ 4.6%

Average Sales Price*

$357,634

$320,642

- 10.3%

$357,634

$320,642

- 10.3%

95.5%

94.6%

- 0.9%

95.5%

94.6%

- 0.9%

Percent of Original List Price Received*

93.7%

95.3%

+ 1.7%

93.7%

95.3%

+ 1.7%

Days on Market Until Sale

63

54

- 14.3%

63

54

- 14.3%

Days on Market Until Sale

62

48

- 22.6%

62

48

- 22.6%

Inventory of Homes for Sale

194

147

- 24.2%

--

--

--

Inventory of Homes for Sale

350

267

- 23.7%

--

--

--

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

January

Year to Date

January

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

24

+ 20.0%

20

24

+ 20.0%

New Listings

41

41

0.0%

41

41

0.0%

Closed Sales

12

10

- 16.7%

12

10

- 16.7%

Closed Sales

25

25

0.0%

25

25

0.0%

Median Sales Price*

$204,799

$226,000

+ 10.4%

$204,799

$226,000

+ 10.4%

Median Sales Price*

$232,500

$232,373

- 0.1%

$232,500

$232,373

- 0.1%

Average Sales Price*

$246,023

$203,240

- 17.4%

$246,023

$203,240

- 17.4%

Average Sales Price*

$217,109

$228,121

+ 5.1%

$217,109

$228,121

+ 5.1%

95.4%

95.2%

- 0.2%

95.4%

95.2%

- 0.2%

Percent of Original List Price Received*

96.2%

96.5%

+ 0.3%

96.2%

96.5%

+ 0.3%

Days on Market Until Sale

69

42

- 39.1%

69

42

- 39.1%

Days on Market Until Sale

49

57

+ 16.3%

49

57

+ 16.3%

Inventory of Homes for Sale

49

50

+ 2.0%

--

--

--

Inventory of Homes for Sale

86

74

- 14.0%

--

--

--

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 —

$220,000

$350,000

$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 —

$220,000

$200,000

$300,000

$180,000

$250,000

$160,000

$200,000

$150,000 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 February 7, 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

$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 February 7, 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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