JANUARY 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 – January 2021
Local Market Update – January 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 January
Single-Family Detached
Year to Date
January
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
41
43
+ 4.9%
41
43
+ 4.9%
New Listings
21
25
+ 19.0%
21
25
+ 19.0%
Closed Sales
12
26
+ 116.7%
12
26
+ 116.7%
Closed Sales
9
16
+ 77.8%
9
16
+ 77.8%
Median Sales Price*
$782,500
$1,240,250
+ 58.5%
$782,500
$1,240,250
+ 58.5%
Median Sales Price*
$465,000
$507,500
+ 9.1%
$465,000
$507,500
+ 9.1%
Average Sales Price*
$894,583
$1,726,577
+ 93.0%
$894,583
$1,726,577
+ 93.0%
Average Sales Price*
$556,556
$562,019
+ 1.0%
$556,556
$562,019
+ 1.0%
86.9%
91.9%
+ 5.8%
86.9%
91.9%
+ 5.8%
Percent of Original List Price Received*
91.6%
94.5%
+ 3.2%
91.6%
94.5%
+ 3.2%
Days on Market Until Sale
136
116
- 14.7%
136
116
- 14.7%
Days on Market Until Sale
49
50
+ 2.0%
49
50
+ 2.0%
Inventory of Homes for Sale
185
144
- 22.2%
--
--
--
Inventory of Homes for Sale
73
66
- 9.6%
--
--
--
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
January
Year to Date
January
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
33
38
+ 15.2%
33
38
+ 15.2%
New Listings
5
2
- 60.0%
5
2
- 60.0%
Closed Sales
12
10
- 16.7%
12
10
- 16.7%
Closed Sales
3
0
- 100.0%
3
0
- 100.0%
Median Sales Price*
$672,000
$695,000
+ 3.4%
$672,000
$695,000
+ 3.4%
Median Sales Price*
$255,000
$0
- 100.0%
$255,000
$0
- 100.0%
Average Sales Price*
$736,917
$994,300
+ 34.9%
$736,917
$994,300
+ 34.9%
Average Sales Price*
$250,333
$0
- 100.0%
$250,333
$0
- 100.0%
86.2%
90.3%
+ 4.8%
86.2%
90.3%
+ 4.8%
Percent of Original List Price Received*
98.6%
0.0%
- 100.0%
98.6%
0.0%
- 100.0%
Days on Market Until Sale
209
139
- 33.5%
209
139
- 33.5%
Days on Market Until Sale
65
0
- 100.0%
65
0
- 100.0%
Inventory of Homes for Sale
164
154
- 6.1%
--
--
--
Inventory of Homes for Sale
21
4
- 81.0%
--
--
--
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 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
1-2013
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 February 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 February 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 – January 2021
Local Market Update – January 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 January
Single-Family Detached
Year to Date
January
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
81
66
- 18.5%
81
66
- 18.5%
New Listings
122
124
+ 1.6%
122
124
+ 1.6%
Closed Sales
48
67
+ 39.6%
48
67
+ 39.6%
Closed Sales
82
82
0.0%
82
82
0.0%
Median Sales Price*
$564,000
$660,000
+ 17.0%
$564,000
$660,000
+ 17.0%
Median Sales Price*
$532,453
$602,750
+ 13.2%
$532,453
$602,750
+ 13.2%
Average Sales Price*
$662,410
$787,186
+ 18.8%
$662,410
$787,186
+ 18.8%
Average Sales Price*
$553,024
$673,686
+ 21.8%
$553,024
$673,686
+ 21.8%
94.4%
95.8%
+ 1.5%
94.4%
95.8%
+ 1.5%
Percent of Original List Price Received*
96.8%
99.0%
+ 2.3%
96.8%
99.0%
+ 2.3%
Days on Market Until Sale
64
53
- 17.2%
64
53
- 17.2%
Days on Market Until Sale
69
26
- 62.3%
69
26
- 62.3%
Inventory of Homes for Sale
235
62
- 73.6%
--
--
--
Inventory of Homes for Sale
309
71
- 77.0%
--
--
--
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
43
45
+ 4.7%
43
45
+ 4.7%
New Listings
35
30
- 14.3%
35
30
- 14.3%
Closed Sales
14
28
+ 100.0%
14
28
+ 100.0%
Closed Sales
13
21
+ 61.5%
13
21
+ 61.5%
Median Sales Price*
$228,750
$291,000
+ 27.2%
$228,750
$291,000
+ 27.2%
Median Sales Price*
$270,000
$295,000
+ 9.3%
$270,000
$295,000
+ 9.3%
Average Sales Price*
$238,132
$349,736
+ 46.9%
$238,132
$349,736
+ 46.9%
Average Sales Price*
$293,998
$306,781
+ 4.3%
$293,998
$306,781
+ 4.3%
96.8%
96.9%
+ 0.1%
96.8%
96.9%
+ 0.1%
Percent of Original List Price Received*
97.2%
98.1%
+ 0.9%
97.2%
98.1%
+ 0.9%
Days on Market Until Sale
49
49
0.0%
49
49
0.0%
Days on Market Until Sale
84
46
- 45.2%
84
46
- 45.2%
Inventory of Homes for Sale
90
34
- 62.2%
--
--
--
Inventory of Homes for Sale
76
14
- 81.6%
--
--
--
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 $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 February 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
All MLS — Upper Mount Pleasant —
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of February 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 – January 2021
Local Market Update – January 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 January
Single-Family Detached
Year to Date
January
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
22
18
- 18.2%
22
18
- 18.2%
New Listings
4
4
0.0%
4
4
0.0%
Closed Sales
10
16
+ 60.0%
10
16
+ 60.0%
Closed Sales
3
5
+ 66.7%
3
5
+ 66.7%
Median Sales Price*
$940,000
$1,172,500
+ 24.7%
$940,000
$1,172,500
+ 24.7%
Median Sales Price*
$3,100,000
$3,188,775
+ 2.9%
$3,100,000
$3,188,775
+ 2.9%
Average Sales Price*
$1,025,550
$1,833,156
+ 78.7%
$1,025,550
$1,833,156
+ 78.7%
Average Sales Price*
$2,833,333
$2,927,755
+ 3.3%
$2,833,333
$2,927,755
+ 3.3%
90.5%
93.1%
+ 2.9%
90.5%
93.1%
+ 2.9%
Percent of Original List Price Received*
93.7%
96.6%
+ 3.1%
93.7%
96.6%
+ 3.1%
Days on Market Until Sale
123
68
- 44.7%
123
68
- 44.7%
Days on Market Until Sale
74
122
+ 64.9%
74
122
+ 64.9%
Inventory of Homes for Sale
126
22
- 82.5%
--
--
--
Inventory of Homes for Sale
19
12
- 36.8%
--
--
--
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
January
Year to Date
January
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
11
10
- 9.1%
11
10
- 9.1%
New Listings
0
1
--
0
1
--
Closed Sales
6
15
+ 150.0%
6
15
+ 150.0%
Closed Sales
1
0
- 100.0%
1
0
- 100.0%
Median Sales Price*
$777,500
$685,000
- 11.9%
$777,500
$685,000
- 11.9%
Median Sales Price*
$1,600,000
$0
- 100.0%
$1,600,000
$0
- 100.0%
Average Sales Price*
$846,389
$734,890
- 13.2%
$846,389
$734,890
- 13.2%
Average Sales Price*
$1,600,000
$0
- 100.0%
$1,600,000
$0
- 100.0%
92.6%
92.4%
- 0.2%
92.6%
92.4%
- 0.2%
Percent of Original List Price Received*
87.7%
0.0%
- 100.0%
87.7%
0.0%
- 100.0%
Days on Market Until Sale
149
134
- 10.1%
149
134
- 10.1%
Days on Market Until Sale
516
0
- 100.0%
516
0
- 100.0%
Inventory of Homes for Sale
72
27
- 62.5%
--
--
--
1
1
0.0%
--
--
--
Percent of Original List Price Received*
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
* 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
Single-Family Detached All MLS — Isle of Palms —
$700,000
$1,200,000
$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 February 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 February 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 – January 2021
Local Market Update – January 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 January
Single-Family Detached
Year to Date
January
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
76
55
- 27.6%
76
55
- 27.6%
New Listings
186
115
- 38.2%
186
115
- 38.2%
Closed Sales
49
39
- 20.4%
49
39
- 20.4%
Closed Sales
78
86
+ 10.3%
78
86
+ 10.3%
Median Sales Price*
$355,000
$415,000
+ 16.9%
$355,000
$415,000
+ 16.9%
Median Sales Price*
$296,000
$342,450
+ 15.7%
$296,000
$342,450
+ 15.7%
Average Sales Price*
$432,836
$478,980
+ 10.7%
$432,836
$478,980
+ 10.7%
Average Sales Price*
$320,892
$396,255
+ 23.5%
$320,892
$396,255
+ 23.5%
94.5%
96.7%
+ 2.3%
94.5%
96.7%
+ 2.3%
Percent of Original List Price Received*
95.4%
96.7%
+ 1.4%
95.4%
96.7%
+ 1.4%
Days on Market Until Sale
54
30
- 44.4%
54
30
- 44.4%
Days on Market Until Sale
49
31
- 36.7%
49
31
- 36.7%
Inventory of Homes for Sale
164
44
- 73.2%
--
--
--
Inventory of Homes for Sale
308
98
- 68.2%
--
--
--
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.
* 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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
24
17
- 29.2%
24
17
- 29.2%
New Listings
42
41
- 2.4%
42
41
- 2.4%
Closed Sales
10
15
+ 50.0%
10
15
+ 50.0%
Closed Sales
26
26
0.0%
26
26
0.0%
Median Sales Price*
$226,000
$240,000
+ 6.2%
$226,000
$240,000
+ 6.2%
Median Sales Price*
$233,529
$192,500
- 17.6%
$233,529
$192,500
- 17.6%
Average Sales Price*
$203,240
$253,767
+ 24.9%
$203,240
$253,767
+ 24.9%
Average Sales Price*
$230,165
$198,755
- 13.6%
$230,165
$198,755
- 13.6%
95.2%
97.0%
+ 1.9%
95.2%
97.0%
+ 1.9%
Percent of Original List Price Received*
96.6%
98.0%
+ 1.4%
96.6%
98.0%
+ 1.4%
Days on Market Until Sale
42
55
+ 31.0%
42
55
+ 31.0%
Days on Market Until Sale
55
24
- 56.4%
55
24
- 56.4%
Inventory of Homes for Sale
52
14
- 73.1%
--
--
--
Inventory of Homes for Sale
90
34
- 62.2%
--
--
--
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
Single-Family Detached All MLS — James Island —
$240,000
$400,000
$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 February 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 February 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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