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JULY 2019

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 – July 2019

Local Market Update – July 2019

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

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

31

36

+ 16.1%

247

294

+ 19.0%

New Listings

19

24

+ 26.3%

166

176

+ 6.0%

Closed Sales

10

19

+ 90.0%

136

112

- 17.6%

Closed Sales

14

16

+ 14.3%

113

125

+ 10.6%

Median Sales Price*

$983,750

$1,025,000

+ 4.2%

$920,000

$1,032,518

+ 12.2%

Median Sales Price*

$552,500

$450,000

- 18.6%

$507,000

$449,000

- 11.4%

Average Sales Price*

$1,476,562

$1,255,054

- 15.0%

$1,258,184

$1,402,225

+ 11.4%

Average Sales Price*

$595,714

$461,969

- 22.5%

$520,571

$479,146

- 8.0%

91.3%

90.5%

- 0.9%

92.0%

90.7%

- 1.4%

Percent of Original List Price Received*

94.8%

86.6%

- 8.6%

93.8%

90.7%

- 3.3%

Days on Market Until Sale

78

130

+ 66.7%

96

91

- 5.2%

Days on Market Until Sale

58

60

+ 3.4%

56

68

+ 21.4%

Inventory of Homes for Sale

163

200

+ 22.7%

--

--

--

Inventory of Homes for Sale

68

73

+ 7.4%

--

--

--

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

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

24

25

+ 4.2%

264

277

+ 4.9%

New Listings

7

4

- 42.9%

37

22

- 40.5%

Closed Sales

6

14

+ 133.3%

110

102

- 7.3%

Closed Sales

3

3

0.0%

18

13

- 27.8%

Median Sales Price*

$610,000

$477,500

- 21.7%

$562,500

$603,750

+ 7.3%

Median Sales Price*

$550,000

$280,000

- 49.1%

$509,000

$280,000

- 45.0%

Average Sales Price*

$580,608

$523,821

- 9.8%

$704,116

$720,135

+ 2.3%

Average Sales Price*

$566,667

$330,000

- 41.8%

$506,531

$361,835

- 28.6%

95.3%

94.6%

- 0.7%

94.2%

92.5%

- 1.8%

Percent of Original List Price Received*

93.7%

98.1%

+ 4.7%

94.9%

93.0%

- 2.0%

Days on Market Until Sale

30

78

+ 160.0%

92

90

- 2.2%

Days on Market Until Sale

14

10

- 28.6%

50

72

+ 44.0%

Inventory of Homes for Sale

153

184

+ 20.3%

--

--

--

Inventory of Homes for Sale

16

12

- 25.0%

--

--

--

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 $1,200,000

* 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

$1,000,000

$600,000

$800,000

$500,000

$600,000

$400,000

$400,000

$300,000

$200,000

$200,000

Single-Family Detached All MLS — Downtown Charleston —

$600,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —

All MLS — Upper Charleston Peninsula —

$500,000

$500,000 $400,000 $400,000 $300,000 $300,000

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

$200,000

$200,000

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of August 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of August 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – July 2019

Local Market Update – July 2019

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

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

73

96

+ 31.5%

724

796

+ 9.9%

New Listings

124

124

0.0%

967

1,033

+ 6.8%

Closed Sales

65

70

+ 7.7%

520

495

- 4.8%

Closed Sales

101

125

+ 23.8%

596

669

+ 12.2%

Median Sales Price*

$577,500

$565,000

- 2.2%

$573,000

$573,675

+ 0.1%

Median Sales Price*

$532,500

$507,465

- 4.7%

$520,000

$509,980

- 1.9%

Average Sales Price*

$659,600

$680,292

+ 3.1%

$674,697

$707,890

+ 4.9%

Average Sales Price*

$588,320

$551,731

- 6.2%

$567,665

$563,532

- 0.7%

95.7%

96.2%

+ 0.5%

95.7%

94.7%

- 1.0%

Percent of Original List Price Received*

96.7%

96.5%

- 0.2%

96.6%

96.6%

0.0%

Days on Market Until Sale

50

63

+ 26.0%

51

62

+ 21.6%

Days on Market Until Sale

66

72

+ 9.1%

76

69

- 9.2%

Inventory of Homes for Sale

242

304

+ 25.6%

--

--

--

Inventory of Homes for Sale

439

369

- 15.9%

--

--

--

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

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

46

33

- 28.3%

292

269

- 7.9%

New Listings

41

38

- 7.3%

298

299

+ 0.3%

Closed Sales

33

31

- 6.1%

223

193

- 13.5%

Closed Sales

34

32

- 5.9%

206

201

- 2.4%

Median Sales Price*

$243,000

$257,250

+ 5.9%

$240,000

$250,000

+ 4.2%

Median Sales Price*

$256,500

$318,500

+ 24.2%

$277,500

$307,500

+ 10.8%

Average Sales Price*

$306,967

$299,703

- 2.4%

$328,754

$351,249

+ 6.8%

Average Sales Price*

$268,997

$310,836

+ 15.6%

$288,737

$295,622

+ 2.4%

96.5%

95.2%

- 1.3%

96.8%

95.2%

- 1.7%

Percent of Original List Price Received*

95.5%

96.3%

+ 0.8%

97.4%

96.5%

- 0.9%

Days on Market Until Sale

49

52

+ 6.1%

45

56

+ 24.4%

Days on Market Until Sale

47

58

+ 23.4%

50

58

+ 16.0%

Inventory of Homes for Sale

80

90

+ 12.5%

--

--

--

Inventory of Homes for Sale

88

103

+ 17.0%

--

--

--

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 $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 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$120,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of August 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of August 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – July 2019

Local Market Update – July 2019

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

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

28

13

- 53.6%

182

209

+ 14.8%

New Listings

1

5

+ 400.0%

59

46

- 22.0%

Closed Sales

11

17

+ 54.5%

118

114

- 3.4%

Closed Sales

7

8

+ 14.3%

42

30

- 28.6%

Median Sales Price*

$827,500

$935,000

+ 13.0%

$948,000

$1,050,000

+ 10.8%

Median Sales Price*

$2,300,000

$1,475,000

- 35.9%

$1,938,050

$1,975,000

+ 1.9%

Average Sales Price*

$1,298,773

$1,100,047

- 15.3%

$1,297,897

$1,357,406

+ 4.6%

Average Sales Price*

$2,017,437

$2,537,375

+ 25.8%

$2,107,604

$2,235,429

+ 6.1%

95.0%

90.2%

- 5.1%

92.0%

92.0%

0.0%

90.9%

87.7%

- 3.5%

93.9%

87.5%

- 6.8%

Days on Market Until Sale

101

123

+ 21.8%

116

99

- 14.7%

Days on Market Until Sale

81

133

+ 64.2%

80

107

+ 33.8%

Inventory of Homes for Sale

133

139

+ 4.5%

--

--

--

Inventory of Homes for Sale

23

28

+ 21.7%

--

--

--

Percent of Original List Price Received*

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

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

6

8

+ 33.3%

83

90

+ 8.4%

New Listings

0

1

--

6

2

- 66.7%

Closed Sales

7

6

- 14.3%

64

45

- 29.7%

Closed Sales

0

2

--

2

3

+ 50.0%

Median Sales Price*

$820,000

$390,000

- 52.4%

$490,000

$479,000

- 2.2%

Median Sales Price*

$0

$1,211,250

--

$487,500

$1,735,000

+ 255.9%

Average Sales Price*

$811,429

$497,033

- 38.7%

$573,597

$521,766

- 9.0%

Average Sales Price*

$0

$1,211,250

--

$487,500

$1,397,500

+ 186.7%

93.6%

94.3%

+ 0.7%

94.1%

95.2%

+ 1.2%

Percent of Original List Price Received*

0.0%

97.5%

--

97.5%

96.5%

- 1.0%

Days on Market Until Sale

73

147

+ 101.4%

94

85

- 9.6%

Days on Market Until Sale

0

158

--

13

170

+ 1,207.7%

Inventory of Homes for Sale

62

76

+ 22.6%

--

--

--

Inventory of Homes for Sale

4

2

- 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

* 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

$1,000,000

Townhouse-Condo Attached

Single-Family Detached All MLS — Isle of Palms —

$1,000,000

$800,000

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

$800,000 $1,500,000

$600,000 $600,000

$2,000,000 $400,000

$1,000,000

$200,000

$500,000

$400,000

$200,000

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of August 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$0 1-2009

$1,000,000

1-2011

1-2013

1-2015

1-2017

1-2019

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of August 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – July 2019

Local Market Update – July 2019

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

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

61

81

+ 32.8%

602

653

+ 8.5%

New Listings

118

177

+ 50.0%

1,144

1,168

+ 2.1%

Closed Sales

72

54

- 25.0%

454

433

- 4.6%

Closed Sales

131

133

+ 1.5%

885

786

- 11.2%

Median Sales Price*

$374,450

$366,378

- 2.2%

$370,000

$361,325

- 2.3%

Median Sales Price*

$315,000

$315,000

0.0%

$310,835

$315,000

+ 1.3%

Average Sales Price*

$475,402

$431,295

- 9.3%

$435,424

$447,900

+ 2.9%

Average Sales Price*

$336,392

$324,025

- 3.7%

$347,659

$342,980

- 1.3%

96.0%

96.1%

+ 0.1%

97.2%

95.6%

- 1.6%

Percent of Original List Price Received*

96.4%

96.8%

+ 0.4%

96.7%

95.7%

- 1.0%

Days on Market Until Sale

41

42

+ 2.4%

38

50

+ 31.6%

Days on Market Until Sale

31

41

+ 32.3%

38

48

+ 26.3%

Inventory of Homes for Sale

204

183

- 10.3%

--

--

--

Inventory of Homes for Sale

349

353

+ 1.1%

--

--

--

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

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

21

30

+ 42.9%

157

199

+ 26.8%

New Listings

32

61

+ 90.6%

317

394

+ 24.3%

Closed Sales

17

35

+ 105.9%

139

160

+ 15.1%

Closed Sales

47

57

+ 21.3%

278

291

+ 4.7%

Median Sales Price*

$188,000

$168,000

- 10.6%

$195,000

$204,250

+ 4.7%

Median Sales Price*

$175,000

$215,000

+ 22.9%

$181,500

$210,000

+ 15.7%

Average Sales Price*

$182,397

$213,041

+ 16.8%

$196,343

$217,005

+ 10.5%

Average Sales Price*

$178,289

$216,294

+ 21.3%

$184,276

$210,358

+ 14.2%

97.5%

96.4%

- 1.1%

96.6%

96.8%

+ 0.2%

Percent of Original List Price Received*

97.2%

97.9%

+ 0.7%

97.7%

97.4%

- 0.3%

Days on Market Until Sale

49

38

- 22.4%

50

43

- 14.0%

Days on Market Until Sale

47

42

- 10.6%

38

44

+ 15.8%

Inventory of Homes for Sale

48

46

- 4.2%

--

--

--

Inventory of Homes for Sale

71

92

+ 29.6%

--

--

--

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

* 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

$220,000

All MLS — West Ashley Area —

$320,000

All MLS — West Ashley Area —

$220,000

$300,000

$200,000

$350,000

Townhouse-Condo Attached

Single-Family Detached All MLS — James Island —

Rolling 12-Month Calculation

$200,000 $280,000

$180,000 $300,000

$180,000

$260,000 $160,000 $240,000

$250,000 $140,000 $200,000

$150,000 1-2009

$120,000

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

$160,000

$220,000 $140,000

$200,000

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of August 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$180,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$120,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of August 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


132 East Bay Street, Charleston, SC 29401 69 Morris Street, Charleston, SC 29403 309 Coleman Boulevard, Mount Pleasant, SC 29464

843.628.0008 | TheCassinaGroup.com

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July 2019 Real Estate Report | Presented by The Cassina Group  

July 2019 Real Estate Report | Presented by The Cassina Group  

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