July 2021 Real Estate Report | The Cassina Group

JULY 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 – July 2021

Local Market Update – July 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 July

Single-Family Detached

Year to Date

July

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

53

31

- 41.5%

288

274

- 4.9%

New Listings

37

28

- 24.3%

198

172

- 13.1%

Closed Sales

28

29

+ 3.6%

117

260

+ 122.2%

Closed Sales

20

17

- 15.0%

120

171

+ 42.5%

Median Sales Price*

$710,000

$774,000

+ 9.0%

$808,900

$992,500

+ 22.7%

Median Sales Price*

$473,750

$599,900

+ 26.6%

$523,000

$589,000

+ 12.6%

Average Sales Price*

$1,437,009

$1,456,231

+ 1.3%

$1,200,253

$1,407,181

+ 17.2%

Average Sales Price*

$508,382

$566,365

+ 11.4%

$573,160

$593,755

+ 3.6%

87.6%

96.6%

+ 10.3%

89.2%

94.1%

+ 5.5%

Percent of Original List Price Received*

92.8%

96.6%

+ 4.1%

92.6%

96.0%

+ 3.7%

Days on Market Until Sale

109

43

- 60.6%

116

92

- 20.7%

Days on Market Until Sale

38

33

- 13.2%

59

64

+ 8.5%

Inventory of Homes for Sale

219

79

- 63.9%

--

--

--

Inventory of Homes for Sale

93

33

- 64.5%

--

--

--

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

2020

2021

Percent Change

2020

2021

Percent Change

Key Metrics

2020

2021

Percent Change

2020

2021

Percent Change

New Listings

43

32

- 25.6%

263

264

+ 0.4%

New Listings

5

8

+ 60.0%

22

32

+ 45.5%

Closed Sales

15

28

+ 86.7%

97

210

+ 116.5%

Closed Sales

3

4

+ 33.3%

15

18

+ 20.0%

Median Sales Price*

$635,000

$735,000

+ 15.7%

$607,000

$658,700

+ 8.5%

Median Sales Price*

$575,000

$613,000

+ 6.6%

$307,500

$527,500

+ 71.5%

Average Sales Price*

$682,850

$970,982

+ 42.2%

$879,262

$822,241

- 6.5%

Average Sales Price*

$470,000

$692,750

+ 47.4%

$409,033

$577,056

+ 41.1%

93.4%

97.0%

+ 3.9%

91.9%

94.0%

+ 2.3%

Percent of Original List Price Received*

90.2%

96.7%

+ 7.2%

94.5%

98.4%

+ 4.1%

Days on Market Until Sale

86

46

- 46.5%

126

101

- 19.8%

Days on Market Until Sale

181

71

- 60.8%

85

36

- 57.6%

Inventory of Homes for Sale

211

107

- 49.3%

--

--

--

Inventory of Homes for Sale

13

11

- 15.4%

--

--

--

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.

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

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

1-2013

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 August 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 August 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 – July 2021

Local Market Update – July 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 July

Single-Family Detached

Year to Date

July

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

120

96

- 20.0%

690

644

- 6.7%

New Listings

214

127

- 40.7%

918

870

- 5.2%

Closed Sales

131

78

- 40.5%

525

610

+ 16.2%

Closed Sales

145

119

- 17.9%

675

793

+ 17.5%

Median Sales Price*

$640,000

$745,000

+ 16.4%

$589,000

$720,000

+ 22.2%

Median Sales Price*

$558,000

$682,000

+ 22.2%

$534,900

$620,000

+ 15.9%

Average Sales Price*

$766,127

$875,298

+ 14.2%

$708,062

$883,736

+ 24.8%

Average Sales Price*

$628,591

$765,451

+ 21.8%

$590,574

$706,044

+ 19.6%

96.5%

100.0%

+ 3.6%

95.4%

98.9%

+ 3.7%

Percent of Original List Price Received*

97.2%

101.4%

+ 4.3%

97.2%

100.8%

+ 3.7%

Days on Market Until Sale

53

10

- 81.1%

60

24

- 60.0%

Days on Market Until Sale

63

7

- 88.9%

63

18

- 71.4%

Inventory of Homes for Sale

209

68

- 67.5%

--

--

--

Inventory of Homes for Sale

261

72

- 72.4%

--

--

--

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

July

Year to Date

July

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

61

53

- 13.1%

317

371

+ 17.0%

New Listings

37

38

+ 2.7%

266

233

- 12.4%

Closed Sales

45

34

- 24.4%

206

331

+ 60.7%

Closed Sales

45

31

- 31.1%

181

207

+ 14.4%

Median Sales Price*

$247,000

$324,500

+ 31.4%

$245,000

$300,000

+ 22.4%

Median Sales Price*

$292,500

$351,032

+ 20.0%

$306,000

$326,000

+ 6.5%

Average Sales Price*

$266,769

$405,213

+ 51.9%

$296,426

$401,726

+ 35.5%

Average Sales Price*

$281,912

$374,001

+ 32.7%

$305,596

$332,385

+ 8.8%

96.1%

100.0%

+ 4.1%

96.0%

99.8%

+ 4.0%

Percent of Original List Price Received*

96.9%

101.8%

+ 5.1%

97.1%

100.8%

+ 3.8%

Days on Market Until Sale

44

11

- 75.0%

52

24

- 53.8%

Days on Market Until Sale

41

6

- 85.4%

61

14

- 77.0%

Inventory of Homes for Sale

89

24

- 73.0%

--

--

--

Inventory of Homes for Sale

68

16

- 76.5%

--

--

--

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.

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 —

$300,000

$700,000

$275,000

$600,000

$250,000

$500,000

$225,000

Single-Family Detached All MLS — Lower Mount Pleasant —

$700,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Upper Mount Pleasant —

$600,000

All MLS — Upper Mount Pleasant —

$350,000

$300,000

$500,000 $250,000 $400,000

$400,000

$200,000 $175,000

$200,000

$150,000

$100,000 1-2011

$200,000 $300,000

$300,000

1-2013

1-2015

1-2017

1-2019

1-2021

$125,000 1-2011

$150,000

$200,000

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of August 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 August 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 – July 2021

Local Market Update – July 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 July

Single-Family Detached

Year to Date

July

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

29

35

+ 20.7%

172

207

+ 20.3%

New Listings

12

3

- 75.0%

44

42

- 4.5%

Closed Sales

29

25

- 13.8%

108

175

+ 62.0%

Closed Sales

5

1

- 80.0%

26

31

+ 19.2%

Median Sales Price*

$1,180,000

$1,735,000

+ 47.0%

$1,067,500

$1,700,000

+ 59.3%

Median Sales Price*

$2,315,000

$8,500,000

+ 267.2%

$2,457,500

$3,000,000

+ 22.1%

Average Sales Price*

$1,583,660

$2,045,576

+ 29.2%

$1,342,125

$2,031,411

+ 51.4%

Average Sales Price*

$2,533,000

$8,500,000

+ 235.6%

$2,455,096

$3,342,670

+ 36.2%

92.8%

99.4%

+ 7.1%

91.6%

97.2%

+ 6.1%

Percent of Original List Price Received*

96.8%

100.0%

+ 3.3%

92.5%

96.3%

+ 4.1%

Days on Market Until Sale

78

12

- 84.6%

109

32

- 70.6%

Days on Market Until Sale

25

127

+ 408.0%

70

86

+ 22.9%

Inventory of Homes for Sale

78

37

- 52.6%

--

--

--

Inventory of Homes for Sale

21

9

- 57.1%

--

--

--

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

July

Year to Date

July

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

21

7

- 66.7%

98

81

- 17.3%

New Listings

1

0

- 100.0%

3

5

+ 66.7%

Closed Sales

17

11

- 35.3%

67

80

+ 19.4%

Closed Sales

0

1

--

3

3

0.0%

Median Sales Price*

$570,000

$680,000

+ 19.3%

$585,000

$704,375

+ 20.4%

Median Sales Price*

$0

$575,000

--

$1,600,000

$580,000

- 63.8%

Average Sales Price*

$626,471

$678,818

+ 8.4%

$650,268

$732,435

+ 12.6%

Average Sales Price*

$0

$575,000

--

$1,264,077

$578,333

- 54.2%

93.5%

98.9%

+ 5.8%

93.7%

97.9%

+ 4.5%

Percent of Original List Price Received*

0.0%

82.7%

--

89.5%

83.2%

- 7.0%

Days on Market Until Sale

127

17

- 86.6%

106

70

- 34.0%

Days on Market Until Sale

0

69

--

353

23

- 93.5%

Inventory of Homes for Sale

60

24

- 60.0%

--

--

--

Inventory of Homes for Sale

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

Historical Median Sales Price

Rolling 12-Month Calculation

Townhouse-Condo Attached

Single-Family Detached

All MLS — Isle of Palms —

$1,500,000

$600,000

$1,000,000

$500,000

$750,000

$400,000

$500,000

$300,000

$250,000

Rolling 12-Month Calculation

Townhouse-Condo Attached

Single-Family Detached All MLS — Isle of Palms —

$700,000

$1,250,000

$0 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.

All MLS — Sullivan's Island —

$4,000,000

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

$200,000

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 August 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 August 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 – July 2021

Local Market Update – July 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 July

Single-Family Detached

Year to Date

July

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

72

69

- 4.2%

533

492

- 7.7%

New Listings

170

165

- 2.9%

1,194

965

- 19.2%

Closed Sales

95

69

- 27.4%

440

428

- 2.7%

Closed Sales

164

115

- 29.9%

925

816

- 11.8%

Median Sales Price*

$415,000

$460,000

+ 10.8%

$381,250

$450,000

+ 18.0%

Median Sales Price*

$339,950

$415,000

+ 22.1%

$320,000

$380,000

+ 18.8%

Average Sales Price*

$509,558

$510,847

+ 0.3%

$453,571

$545,705

+ 20.3%

Average Sales Price*

$435,666

$451,882

+ 3.7%

$364,955

$440,181

+ 20.6%

96.8%

99.7%

+ 3.0%

96.1%

99.1%

+ 3.1%

Percent of Original List Price Received*

97.2%

100.4%

+ 3.3%

96.6%

99.5%

+ 3.0%

Days on Market Until Sale

40

13

- 67.5%

46

20

- 56.5%

Days on Market Until Sale

40

11

- 72.5%

44

19

- 56.8%

Inventory of Homes for Sale

105

39

- 62.9%

--

--

--

Inventory of Homes for Sale

236

139

- 41.1%

--

--

--

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

July

Year to Date

July

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

30

35

+ 16.7%

177

189

+ 6.8%

New Listings

59

57

- 3.4%

331

354

+ 6.9%

Closed Sales

33

34

+ 3.0%

128

180

+ 40.6%

Closed Sales

58

47

- 19.0%

286

317

+ 10.8%

Median Sales Price*

$204,000

$275,000

+ 34.8%

$205,500

$225,000

+ 9.5%

Median Sales Price*

$192,000

$253,000

+ 31.8%

$214,553

$239,999

+ 11.9%

Average Sales Price*

$196,277

$267,029

+ 36.0%

$199,114

$241,430

+ 21.3%

Average Sales Price*

$203,033

$245,773

+ 21.1%

$214,931

$236,096

+ 9.8%

97.6%

102.8%

+ 5.3%

96.4%

99.3%

+ 3.0%

Percent of Original List Price Received*

97.9%

101.3%

+ 3.5%

96.9%

100.0%

+ 3.2%

Days on Market Until Sale

39

7

- 82.1%

42

24

- 42.9%

Days on Market Until Sale

35

9

- 74.3%

52

18

- 65.4%

Inventory of Homes for Sale

42

17

- 59.5%

--

--

--

Inventory of Homes for Sale

62

25

- 59.7%

--

--

--

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

Townhouse-Condo Attached

Single-Family Detached All MLS — James Island —

$275,000

Rolling 12-Month Calculation

All MLS — West Ashley Area —

$400,000

$250,000

All MLS — West Ashley Area —

$260,000 $240,000

$350,000

$400,000

$225,000

$220,000 $300,000

$200,000

$200,000

$300,000 $175,000

$180,000

$250,000

$150,000

$200,000

$160,000 $200,000

$125,000 $100,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

$100,000 1-2011

$140,000

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of August 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.

$150,000 1-2011

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 August 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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