January 2022 Real Estate Report | The Cassina Group

JANUARY 2022

R E AL E STATE 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 2022

Local Market Update – January 2022

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

2021

2022

Percent Change

2021

2022

Percent Change

Key Metrics

2021

2022

Percent Change

2021

2022

Percent Change

New Listings

43

19

- 55.8%

43

19

- 55.8%

New Listings

25

25

0.0%

25

25

0.0%

Closed Sales

27

17

- 37.0%

27

17

- 37.0%

Closed Sales

16

19

+ 18.8%

16

19

+ 18.8%

Median Sales Price*

$1,425,000

$880,000

- 38.2%

$1,425,000

$880,000

- 38.2%

Median Sales Price*

$507,500

$620,000

+ 22.2%

$507,500

$620,000

+ 22.2%

Average Sales Price*

$1,721,889

$1,308,471

- 24.0%

$1,721,889

$1,308,471

- 24.0%

Average Sales Price*

$562,019

$691,632

+ 23.1%

$562,019

$691,632

+ 23.1%

92.2%

95.7%

+ 3.8%

92.2%

95.7%

+ 3.8%

Percent of Original List Price Received*

94.5%

96.2%

+ 1.8%

94.5%

96.2%

+ 1.8%

Days on Market Until Sale

112

35

- 68.8%

112

35

- 68.8%

Days on Market Until Sale

50

70

+ 40.0%

50

70

+ 40.0%

Inventory of Homes for Sale

158

38

- 75.9%

--

--

--

Inventory of Homes for Sale

73

18

- 75.3%

--

--

--

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

2021

2022

Percent Change

2021

2022

Percent Change

Key Metrics

2021

2022

Percent Change

2021

2022

Percent Change

New Listings

38

19

- 50.0%

38

19

- 50.0%

New Listings

2

2

0.0%

2

2

0.0%

Closed Sales

10

15

+ 50.0%

10

15

+ 50.0%

Closed Sales

0

3

--

0

3

--

Median Sales Price*

$695,000

$599,000

- 13.8%

$695,000

$599,000

- 13.8%

Median Sales Price*

$0

$295,000

--

$0

$295,000

--

Average Sales Price*

$994,300

$812,467

- 18.3%

$994,300

$812,467

- 18.3%

Average Sales Price*

$0

$391,667

--

$0

$391,667

--

90.3%

93.9%

+ 4.0%

90.3%

93.9%

+ 4.0%

Percent of Original List Price Received*

0.0%

88.9%

--

0.0%

88.9%

--

Days on Market Until Sale

139

95

- 31.7%

139

95

- 31.7%

Days on Market Until Sale

0

329

--

0

329

--

Inventory of Homes for Sale

159

54

- 66.0%

--

--

--

Inventory of Homes for Sale

5

6

+ 20.0%

--

--

--

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 —

$700,000

$600,000

$600,000

$500,000

$500,000

$400,000

$400,000

$300,000

$300,000

$200,000

$200,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —

All MLS — Upper Charleston Peninsula —

$500,000

$400,000

$1,000,000 $800,000

$300,000

$600,000 $400,000

$200,000

$200,000 $0 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

$100,000 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

Current as of February 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

$100,000 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

Current as of February 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

Local Market Update – January 2022

Local Market Update – January 2022

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

2021

2022

Percent Change

2021

2022

Percent Change

Key Metrics

2021

2022

Percent Change

2021

2022

Percent Change

New Listings

66

59

- 10.6%

66

59

- 10.6%

New Listings

124

57

- 54.0%

124

57

- 54.0%

Closed Sales

66

37

- 43.9%

66

37

- 43.9%

Closed Sales

84

48

- 42.9%

84

48

- 42.9%

Median Sales Price*

$630,000

$680,000

+ 7.9%

$630,000

$680,000

+ 7.9%

Median Sales Price*

$612,785

$755,500

+ 23.3%

$612,785

$755,500

+ 23.3%

Average Sales Price*

$765,553

$879,361

+ 14.9%

$765,553

$879,361

+ 14.9%

Average Sales Price*

$674,135

$822,854

+ 22.1%

$674,135

$822,854

+ 22.1%

96.1%

97.7%

+ 1.7%

96.1%

97.7%

+ 1.7%

Percent of Original List Price Received*

99.1%

100.3%

+ 1.2%

99.1%

100.3%

+ 1.2%

Days on Market Until Sale

45

17

- 62.2%

45

17

- 62.2%

Days on Market Until Sale

25

17

- 32.0%

25

17

- 32.0%

Inventory of Homes for Sale

74

32

- 56.8%

--

--

--

Inventory of Homes for Sale

90

33

- 63.3%

--

--

--

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

2021

2022

Percent Change

2021

2022

Percent Change

Key Metrics

2021

2022

Percent Change

2021

2022

Percent Change

New Listings

45

33

- 26.7%

45

33

- 26.7%

New Listings

30

25

- 16.7%

30

25

- 16.7%

Closed Sales

28

29

+ 3.6%

28

29

+ 3.6%

Closed Sales

21

30

+ 42.9%

21

30

+ 42.9%

Median Sales Price*

$291,000

$568,330

+ 95.3%

$291,000

$568,330

+ 95.3%

Median Sales Price*

$295,000

$290,848

- 1.4%

$295,000

$290,848

- 1.4%

Average Sales Price*

$349,736

$514,182

+ 47.0%

$349,736

$514,182

+ 47.0%

Average Sales Price*

$306,781

$345,638

+ 12.7%

$306,781

$345,638

+ 12.7%

96.9%

100.8%

+ 4.0%

96.9%

100.8%

+ 4.0%

Percent of Original List Price Received*

98.1%

102.6%

+ 4.6%

98.1%

102.6%

+ 4.6%

Days on Market Until Sale

49

15

- 69.4%

49

15

- 69.4%

Days on Market Until Sale

49

27

- 44.9%

49

27

- 44.9%

Inventory of Homes for Sale

37

6

- 83.8%

--

--

--

Inventory of Homes for Sale

25

6

- 76.0%

--

--

--

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 $800,000

* 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 —

$350,000

$700,000 $300,000 $600,000

Townhouse-Condo Attached All MLS — Upper Mount Pleasant —

All MLS — Upper Mount Pleasant —

$400,000

$600,000

$350,000

$500,000

$300,000

$400,000

$250,000

$300,000

$200,000

$200,000

$150,000

$250,000

$500,000 $400,000

$200,000

$300,000 $150,000

$200,000 $100,000 1-2012

$700,000

Rolling 12-Month Calculation

1-2014

1-2016

1-2018

1-2020

1-2022

$100,000 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

Current as of February 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

$100,000 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

Current as of February 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

Local Market Update – January 2022

Local Market Update – January 2022

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

2021

2022

Percent Change

2021

2022

Percent Change

Key Metrics

2021

2022

Percent Change

2021

2022

Percent Change

New Listings

18

18

0.0%

18

18

0.0%

New Listings

4

3

- 25.0%

4

3

- 25.0%

Closed Sales

16

14

- 12.5%

16

14

- 12.5%

Closed Sales

5

0

- 100.0%

5

0

- 100.0%

Median Sales Price*

$1,172,500

$1,282,500

+ 9.4%

$1,172,500

$1,282,500

+ 9.4%

Median Sales Price*

$3,188,775

0

- 100.0%

$3,188,775

$0

- 100.0%

Average Sales Price*

$1,833,156

$1,359,807

- 25.8%

$1,833,156

$1,359,807

- 25.8%

Average Sales Price*

$2,927,755

$0

- 100.0%

$2,927,755

$0

- 100.0%

93.1%

97.3%

+ 4.5%

93.1%

97.3%

+ 4.5%

Percent of Original List Price Received*

96.6%

0.0%

- 100.0%

96.6%

0.0%

- 100.0%

Days on Market Until Sale

68

25

- 63.2%

68

25

- 63.2%

Days on Market Until Sale

122

0

- 100.0%

122

0

- 100.0%

Inventory of Homes for Sale

27

20

- 25.9%

--

--

--

Inventory of Homes for Sale

12

6

- 50.0%

--

--

--

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

2021

2022

Percent Change

2021

2022

Percent Change

Key Metrics

2021

2022

Percent Change

2021

2022

Percent Change

New Listings

10

6

- 40.0%

10

6

- 40.0%

New Listings

1

0

- 100.0%

1

0

- 100.0%

Closed Sales

15

2

- 86.7%

15

2

- 86.7%

Closed Sales

0

1

--

0

1

--

Median Sales Price*

$685,000

$1,237,500

+ 80.7%

$685,000

$1,237,500

+ 80.7%

Median Sales Price*

$0

$1,525,000

--

$0

$1,525,000

--

Average Sales Price*

$734,890

$1,237,500

+ 68.4%

$734,890

$1,237,500

+ 68.4%

Average Sales Price*

$0

$1,525,000

--

$0

$1,525,000

--

92.4%

95.0%

+ 2.8%

92.4%

95.0%

+ 2.8%

Percent of Original List Price Received*

0.0%

78.2%

--

0.0%

78.2%

--

Days on Market Until Sale

134

30

- 77.6%

134

30

- 77.6%

Days on Market Until Sale

0

131

--

0

131

--

Inventory of Homes for Sale

27

6

- 77.8%

--

--

--

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

Historical Median Sales Price

Rolling 12-Month Calculation

Townhouse-Condo Attached

Single-Family Detached

All MLS — Isle of Palms —

$1,750,000

$700,000

$1,250,000

$600,000

$1,000,000

$500,000

$750,000

$400,000

$500,000

$300,000

$250,000

$200,000

1-2014

1-2016

1-2018

1-2020

Single-Family Detached All MLS — Isle of Palms —

$800,000

$1,500,000

$0 1-2012

* 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.

1-2022

$100,000 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

Current as of February 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$4,000,000

Rolling 12-Month Calculation

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

$4,000,000

$3,000,000

$3,000,000

$2,000,000

$2,000,000

$1,000,000

$1,000,000

$0 1-2012

1-2014

1-2016

1-2018

1-2020

All MLS — Sullivan's Island —

1-2022

$0 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

Current as of February 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

Local Market Update – January 2022

Local Market Update – January 2022

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

2021

2022

Percent Change

2021

2022

Percent Change

Key Metrics

2021

2022

Percent Change

2021

2022

Percent Change

New Listings

54

58

+ 7.4%

54

58

+ 7.4%

New Listings

112

123

+ 9.8%

112

123

+ 9.8%

Closed Sales

40

42

+ 5.0%

40

42

+ 5.0%

Closed Sales

85

92

+ 8.2%

85

92

+ 8.2%

Median Sales Price*

$428,750

$525,250

+ 22.5%

$428,750

$525,250

+ 22.5%

Median Sales Price*

$340,000

$388,347

+ 14.2%

$340,000

$388,347

+ 14.2%

Average Sales Price*

$481,268

$570,708

+ 18.6%

$481,268

$570,708

+ 18.6%

Average Sales Price*

$386,035

$427,240

+ 10.7%

$386,035

$427,240

+ 10.7%

96.6%

101.0%

+ 4.6%

96.6%

101.0%

+ 4.6%

Percent of Original List Price Received*

96.5%

97.8%

+ 1.3%

96.5%

97.8%

+ 1.3%

Days on Market Until Sale

31

15

- 51.6%

31

15

- 51.6%

Days on Market Until Sale

33

24

- 27.3%

33

24

- 27.3%

Inventory of Homes for Sale

53

19

- 64.2%

--

--

--

Inventory of Homes for Sale

113

53

- 53.1%

--

--

--

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.

* 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

2021

2022

Percent Change

2021

2022

Percent Change

Key Metrics

2021

2022

Percent Change

2021

2022

Percent Change

New Listings

17

17

0.0%

17

17

0.0%

New Listings

41

34

- 17.1%

41

34

- 17.1%

Closed Sales

15

15

0.0%

15

15

0.0%

Closed Sales

27

34

+ 25.9%

27

34

+ 25.9%

Median Sales Price*

$240,000

$265,000

+ 10.4%

$240,000

$265,000

+ 10.4%

Median Sales Price*

$203,000

$321,610

+ 58.4%

$203,000

$321,610

+ 58.4%

Average Sales Price*

$253,767

$272,333

+ 7.3%

$253,767

$272,333

+ 7.3%

Average Sales Price*

$200,097

$303,326

+ 51.6%

$200,097

$303,326

+ 51.6%

97.0%

98.9%

+ 2.0%

97.0%

98.9%

+ 2.0%

Percent of Original List Price Received*

97.9%

100.9%

+ 3.1%

97.9%

100.9%

+ 3.1%

Days on Market Until Sale

55

33

- 40.0%

55

33

- 40.0%

Days on Market Until Sale

28

11

- 60.7%

28

11

- 60.7%

Inventory of Homes for Sale

16

6

- 62.5%

--

--

--

Inventory of Homes for Sale

42

6

- 85.7%

--

--

--

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 — James Island —

$500,000

Single-Family Detached All MLS — James Island —

$300,000

$500,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — West Ashley Area —

All MLS — West Ashley Area —

$300,000 $275,000

$400,000

$250,000

$400,000

$300,000

$200,000

$300,000

$250,000 $225,000 $200,000

$200,000

$175,000

$200,000

$150,000

$150,000 $100,000 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

$100,000 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

Current as of February 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

$125,000 1-2012

1-2014

1-2016

1-2018

1-2020

1-2022

Current as of February 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2022 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

FOLLOW THE CASSINA GROUP