JULY 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 – July 2020
Local Market Update – July 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 July
Single-Family Detached
Year to Date
July
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
36
53
+ 47.2%
293
289
- 1.4%
New Listings
24
36
+ 50.0%
176
197
+ 11.9%
Closed Sales
17
28
+ 64.7%
108
116
+ 7.4%
Closed Sales
16
20
+ 25.0%
125
118
- 5.6%
Median Sales Price*
$1,025,000
$710,000
- 30.7%
$1,032,518
$806,950
- 21.8%
Median Sales Price*
$450,000
$473,750
+ 5.3%
$449,000
$533,000
+ 18.7%
Average Sales Price*
$1,274,414
$1,438,366
+ 12.9%
$1,416,626
$1,200,625
- 15.2%
Average Sales Price*
$461,969
$508,382
+ 10.0%
$479,146
$577,112
+ 20.4%
91.3%
88.1%
- 3.5%
90.7%
89.2%
- 1.7%
Percent of Original List Price Received*
86.6%
92.8%
+ 7.2%
90.7%
92.5%
+ 2.0%
Days on Market Until Sale
121
109
- 9.9%
91
117
+ 28.6%
Days on Market Until Sale
60
38
- 36.7%
68
60
- 11.8%
Inventory of Homes for Sale
226
211
- 6.6%
--
--
--
Inventory of Homes for Sale
85
86
+ 1.2%
--
--
--
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
July
Year to Date
July
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
25
43
+ 72.0%
277
264
- 4.7%
New Listings
4
5
+ 25.0%
22
22
0.0%
Closed Sales
14
15
+ 7.1%
102
97
- 4.9%
Closed Sales
3
3
0.0%
13
15
+ 15.4%
Median Sales Price*
$477,500
$635,000
+ 33.0%
$603,750
$607,000
+ 0.5%
Median Sales Price*
$280,000
$575,000
+ 105.4%
$280,000
$307,500
+ 9.8%
Average Sales Price*
$523,821
$682,850
+ 30.4%
$720,135
$879,262
+ 22.1%
Average Sales Price*
$330,000
$470,000
+ 42.4%
$361,835
$409,033
+ 13.0%
94.6%
93.4%
- 1.3%
92.5%
91.9%
- 0.6%
98.1%
90.2%
- 8.1%
93.0%
94.5%
+ 1.6%
Days on Market Until Sale
78
86
+ 10.3%
90
126
+ 40.0%
Days on Market Until Sale
10
181
+ 1,710.0%
72
85
+ 18.1%
Inventory of Homes for Sale
202
194
- 4.0%
--
--
--
Inventory of Homes for Sale
13
12
- 7.7%
--
--
--
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 —
$1,200,000
Percent of Original List Price Received*
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
1-2012
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 August 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 August 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 – July 2020
Local Market Update – July 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 July
Single-Family Detached
Year to Date
July
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
96
120
+ 25.0%
796
689
- 13.4%
New Listings
125
214
+ 71.2%
1,035
917
- 11.4%
Closed Sales
71
124
+ 74.6%
496
517
+ 4.2%
Closed Sales
126
141
+ 11.9%
671
669
- 0.3%
Median Sales Price*
$565,000
$634,500
+ 12.3%
$574,338
$589,000
+ 2.6%
Median Sales Price*
$507,733
$565,000
+ 11.3%
$510,000
$535,000
+ 4.9%
Average Sales Price*
$681,171
$767,056
+ 12.6%
$707,960
$707,575
- 0.1%
Average Sales Price*
$551,782
$632,151
+ 14.6%
$563,485
$591,981
+ 5.1%
96.0%
96.4%
+ 0.4%
94.7%
95.4%
+ 0.7%
Percent of Original List Price Received*
96.5%
97.2%
+ 0.7%
96.6%
97.2%
+ 0.6%
Days on Market Until Sale
62
54
- 12.9%
61
60
- 1.6%
Days on Market Until Sale
72
63
- 12.5%
69
63
- 8.7%
Inventory of Homes for Sale
329
197
- 40.1%
--
--
--
Inventory of Homes for Sale
417
248
- 40.5%
--
--
--
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
July
Year to Date
July
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
33
61
+ 84.8%
269
318
+ 18.2%
New Listings
38
37
- 2.6%
299
266
- 11.0%
Closed Sales
31
44
+ 41.9%
193
205
+ 6.2%
Closed Sales
32
45
+ 40.6%
201
181
- 10.0%
Median Sales Price*
$257,250
$247,500
- 3.8%
$250,000
$245,000
- 2.0%
Median Sales Price*
$318,500
$292,500
- 8.2%
$307,500
$306,000
- 0.5%
Average Sales Price*
$299,703
$268,173
- 10.5%
$351,249
$296,872
- 15.5%
Average Sales Price*
$310,836
$281,912
- 9.3%
$295,622
$305,596
+ 3.4%
95.2%
96.5%
+ 1.4%
95.2%
96.1%
+ 0.9%
Percent of Original List Price Received*
96.3%
96.9%
+ 0.6%
96.5%
97.1%
+ 0.6%
Days on Market Until Sale
52
41
- 21.2%
56
51
- 8.9%
Days on Market Until Sale
58
41
- 29.3%
58
61
+ 5.2%
Inventory of Homes for Sale
103
82
- 20.4%
--
--
--
Inventory of Homes for Sale
110
63
- 42.7%
--
--
--
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 $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 August 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 August 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 – July 2020
Local Market Update – July 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 July
Single-Family Detached
Year to Date
July
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
13
29
+ 123.1%
209
172
- 17.7%
New Listings
5
13
+ 160.0%
46
45
- 2.2%
Closed Sales
17
28
+ 64.7%
114
107
- 6.1%
Closed Sales
8
5
- 37.5%
30
26
- 13.3%
Median Sales Price*
$935,000
$1,177,500
+ 25.9%
$1,050,000
$1,065,000
+ 1.4%
Median Sales Price*
$1,475,000
$2,315,000
+ 56.9%
$1,975,000
$2,457,500
+ 24.4%
Average Sales Price*
$1,100,047
$1,534,863
+ 39.5%
$1,357,406
$1,327,099
- 2.2%
Average Sales Price*
$2,537,375
$2,533,000
- 0.2%
$2,235,429
$2,455,096
+ 9.8%
90.2%
92.5%
+ 2.5%
92.0%
91.6%
- 0.4%
Percent of Original List Price Received*
87.7%
96.8%
+ 10.4%
87.5%
92.5%
+ 5.7%
Days on Market Until Sale
123
80
- 35.0%
99
110
+ 11.1%
Days on Market Until Sale
133
25
- 81.2%
107
70
- 34.6%
Inventory of Homes for Sale
152
67
- 55.9%
--
--
--
Inventory of Homes for Sale
31
19
- 38.7%
--
--
--
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
July
Year to Date
July
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
8
21
+ 162.5%
90
98
+ 8.9%
New Listings
1
1
0.0%
2
3
+ 50.0%
Closed Sales
6
17
+ 183.3%
45
67
+ 48.9%
Closed Sales
2
0
- 100.0%
3
3
0.0%
Median Sales Price*
$390,000
$570,000
+ 46.2%
$479,000
$585,000
+ 22.1%
Median Sales Price*
$1,211,250
$0
- 100.0%
$1,735,000
$1,600,000
- 7.8%
Average Sales Price*
$497,033
$626,471
+ 26.0%
$521,766
$650,268
+ 24.6%
Average Sales Price*
$1,211,250
$0
- 100.0%
$1,397,500
$1,264,077
- 9.5%
94.3%
93.5%
- 0.8%
95.2%
93.7%
- 1.6%
97.5%
0.0%
- 100.0%
96.5%
89.5%
- 7.3%
Days on Market Until Sale
147
127
- 13.6%
85
106
+ 24.7%
158
0
- 100.0%
170
353
+ 107.6%
Inventory of Homes for Sale
77
58
- 24.7%
--
--
--
2
1
- 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.
Historical Median Sales Price
$1,200,000
Inventory of Homes for Sale
Historical Median Sales Price
Rolling 12-Month Calculation All MLS — Isle of Palms —
Days on Market Until 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.
Townhouse-Condo Attached
Single-Family Detached
Percent of Original List Price Received*
$700,000
$1,000,000
$600,000
$800,000
$500,000
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
Rolling 12-Month Calculation All MLS — Sullivan's Island —
$2,500,000
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 August 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 August 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 – July 2020
Local Market Update – July 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 July
Single-Family Detached
Year to Date
July
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
81
73
- 9.9%
653
533
- 18.4%
New Listings
177
170
- 4.0%
1,173
1,196
+ 2.0%
Closed Sales
55
95
+ 72.7%
435
440
+ 1.1%
Closed Sales
135
161
+ 19.3%
791
921
+ 16.4%
Median Sales Price*
$363,756
$415,000
+ 14.1%
$361,325
$381,250
+ 5.5%
Median Sales Price*
$315,000
$339,900
+ 7.9%
$315,000
$320,000
+ 1.6%
Average Sales Price*
$429,981
$509,558
+ 18.5%
$449,634
$453,571
+ 0.9%
Average Sales Price*
$322,661
$437,666
+ 35.6%
$342,443
$364,277
+ 6.4%
96.1%
96.8%
+ 0.7%
95.5%
96.1%
+ 0.6%
Percent of Original List Price Received*
96.9%
97.2%
+ 0.3%
95.7%
96.6%
+ 0.9%
Days on Market Until Sale
41
40
- 2.4%
50
46
- 8.0%
Days on Market Until Sale
40
40
0.0%
48
44
- 8.3%
Inventory of Homes for Sale
206
94
- 54.4%
--
--
--
Inventory of Homes for Sale
394
195
- 50.5%
--
--
--
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
July
Year to Date
July
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
30
30
0.0%
199
177
- 11.1%
New Listings
62
59
- 4.8%
395
331
- 16.2%
Closed Sales
35
33
- 5.7%
160
127
- 20.6%
Closed Sales
57
57
0.0%
291
283
- 2.7%
Median Sales Price*
$168,000
$204,000
+ 21.4%
$204,250
$207,000
+ 1.3%
Median Sales Price*
$215,000
$191,500
- 10.9%
$210,000
$215,000
+ 2.4%
Average Sales Price*
$213,041
$196,277
- 7.9%
$217,005
$199,583
- 8.0%
Average Sales Price*
$216,294
$203,174
- 6.1%
$210,244
$214,820
+ 2.2%
96.4%
97.6%
+ 1.2%
96.8%
96.4%
- 0.4%
Percent of Original List Price Received*
97.9%
97.8%
- 0.1%
97.4%
96.9%
- 0.5%
Days on Market Until Sale
38
39
+ 2.6%
43
41
- 4.7%
Days on Market Until Sale
42
36
- 14.3%
44
52
+ 18.2%
Inventory of Homes for Sale
56
37
- 33.9%
--
--
--
Inventory of Homes for Sale
104
56
- 46.2%
--
--
--
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 —
$400,000
$240,000 $220,000
$350,000 $200,000 $300,000
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
Rolling 12-Month Calculation
All MLS — West Ashley Area —
$325,000
$240,000
$300,000
$220,000
$275,000
$200,000
$250,000
$180,000
$225,000
$160,000
$200,000
$140,000
$180,000 $160,000
$250,000
$140,000 $200,000 $120,000 $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 August 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
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 August 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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