JUNE 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 – June 2020
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
24
58
+ 141.7%
257
236
- 8.2%
New Listings
31
30
- 3.2%
152
161
+ 5.9%
Closed Sales
22
14
- 36.4%
91
88
- 3.3%
Closed Sales
12
29
+ 141.7%
109
98
- 10.1%
Median Sales Price*
$1,104,000
$683,750
- 38.1%
$1,043,000
$872,500
- 16.3%
Median Sales Price*
$432,500
$545,000
+ 26.0%
$449,000
$547,500
+ 21.9%
Average Sales Price*
$1,045,034
$1,038,593
- 0.6%
$1,443,194
$1,124,981
- 22.0%
Average Sales Price*
$459,583
$566,879
+ 23.3%
$481,668
$591,139
+ 22.7%
87.0%
90.1%
+ 3.6%
90.5%
89.6%
- 1.0%
Percent of Original List Price Received*
90.6%
90.6%
0.0%
91.3%
92.4%
+ 1.2%
Days on Market Until Sale
83
130
+ 56.6%
85
120
+ 41.2%
Days on Market Until Sale
54
64
+ 18.5%
69
65
- 5.8%
Inventory of Homes for Sale
226
205
- 9.3%
--
--
--
Inventory of Homes for Sale
76
76
0.0%
--
--
--
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
June
Year to Date
June
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
32
38
+ 18.8%
252
221
- 12.3%
New Listings
3
5
+ 66.7%
18
17
- 5.6%
Closed Sales
22
13
- 40.9%
88
82
- 6.8%
Closed Sales
2
2
0.0%
10
12
+ 20.0%
Median Sales Price*
$533,250
$683,500
+ 28.2%
$648,750
$603,500
- 7.0%
Median Sales Price*
$635,000
$437,500
- 31.1%
$285,675
$301,250
+ 5.5%
Average Sales Price*
$582,864
$848,423
+ 45.6%
$751,367
$915,191
+ 21.8%
Average Sales Price*
$635,000
$437,500
- 31.1%
$371,385
$393,792
+ 6.0%
91.3%
94.2%
+ 3.2%
92.1%
91.7%
- 0.4%
92.7%
95.2%
+ 2.7%
91.4%
95.6%
+ 4.6%
Days on Market Until Sale
85
62
- 27.1%
92
133
+ 44.6%
Days on Market Until Sale
21
56
+ 166.7%
91
61
- 33.0%
Inventory of Homes for Sale
209
194
- 7.2%
--
--
--
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 July 9, 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 July 9, 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 – June 2020
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
107
102
- 4.7%
700
570
- 18.6%
New Listings
140
111
- 20.7%
910
702
- 22.9%
Closed Sales
100
79
- 21.0%
425
390
- 8.2%
Closed Sales
131
102
- 22.1%
545
528
- 3.1%
Median Sales Price*
$595,279
$575,000
- 3.4%
$575,000
$580,000
+ 0.9%
Median Sales Price*
$510,000
$521,000
+ 2.2%
$510,265
$531,926
+ 4.2%
Average Sales Price*
$746,331
$737,652
- 1.2%
$712,435
$685,918
- 3.7%
Average Sales Price*
$559,566
$567,479
+ 1.4%
$566,191
$581,254
+ 2.7%
95.7%
95.3%
- 0.4%
94.4%
95.1%
+ 0.7%
Percent of Original List Price Received*
96.6%
98.1%
+ 1.6%
96.6%
97.2%
+ 0.6%
Days on Market Until Sale
44
58
+ 31.8%
61
62
+ 1.6%
Days on Market Until Sale
56
48
- 14.3%
68
63
- 7.4%
Inventory of Homes for Sale
330
208
- 37.0%
--
--
--
Inventory of Homes for Sale
459
218
- 52.5%
--
--
--
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
June
Year to Date
June
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
39
54
+ 38.5%
236
257
+ 8.9%
New Listings
37
36
- 2.7%
261
229
- 12.3%
Closed Sales
38
42
+ 10.5%
162
161
- 0.6%
Closed Sales
39
27
- 30.8%
169
136
- 19.5%
Median Sales Price*
$238,000
$239,500
+ 0.6%
$249,450
$245,000
- 1.8%
Median Sales Price*
$305,000
$327,000
+ 7.2%
$305,000
$310,500
+ 1.8%
Average Sales Price*
$317,712
$322,701
+ 1.6%
$361,113
$304,716
- 15.6%
Average Sales Price*
$288,967
$325,883
+ 12.8%
$292,741
$313,433
+ 7.1%
94.5%
96.2%
+ 1.8%
95.2%
96.0%
+ 0.8%
Percent of Original List Price Received*
96.3%
97.9%
+ 1.7%
96.5%
97.2%
+ 0.7%
Days on Market Until Sale
53
44
- 17.0%
57
54
- 5.3%
Days on Market Until Sale
83
43
- 48.2%
58
68
+ 17.2%
Inventory of Homes for Sale
102
92
- 9.8%
--
--
--
Inventory of Homes for Sale
120
82
- 31.7%
--
--
--
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 July 9, 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 July 9, 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 – June 2020
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
32
18
- 43.8%
196
143
- 27.0%
New Listings
7
7
0.0%
41
32
- 22.0%
Closed Sales
19
23
+ 21.1%
97
79
- 18.6%
Closed Sales
5
4
- 20.0%
22
21
- 4.5%
Median Sales Price*
$975,000
$934,500
- 4.2%
$1,062,500
$1,000,000
- 5.9%
Median Sales Price*
$1,575,000
$2,100,000
+ 33.3%
$2,050,000
$2,600,000
+ 26.8%
Average Sales Price*
$1,200,272
$1,279,387
+ 6.6%
$1,402,510
$1,253,461
- 10.6%
Average Sales Price*
$1,750,000
$2,985,000
+ 70.6%
$2,125,631
$2,436,548
+ 14.6%
93.4%
92.1%
- 1.4%
92.3%
91.2%
- 1.2%
Percent of Original List Price Received*
84.9%
99.2%
+ 16.8%
87.5%
91.5%
+ 4.6%
Days on Market Until Sale
81
101
+ 24.7%
95
120
+ 26.3%
Days on Market Until Sale
151
27
- 82.1%
98
81
- 17.3%
Inventory of Homes for Sale
165
90
- 45.5%
--
--
--
Inventory of Homes for Sale
34
17
- 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
June
Year to Date
June
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
10
13
+ 30.0%
82
77
- 6.1%
New Listings
0
0
--
1
2
+ 100.0%
Closed Sales
5
15
+ 200.0%
39
50
+ 28.2%
Closed Sales
0
1
--
1
3
+ 200.0%
Median Sales Price*
$364,000
$520,000
+ 42.9%
$489,000
$598,500
+ 22.4%
Median Sales Price*
$0
$542,230
--
$1,770,000
$1,600,000
- 9.6%
Average Sales Price*
$447,800
$632,400
+ 41.2%
$525,571
$658,359
+ 25.3%
Average Sales Price*
$0
$542,230
--
$1,770,000
$1,264,077
- 28.6%
95.9%
95.9%
0.0%
95.3%
93.8%
- 1.6%
0.0%
90.5%
--
94.4%
89.5%
- 5.2%
Days on Market Until Sale
34
79
+ 132.4%
76
100
+ 31.6%
Days on Market Until Sale
0
6
--
195
353
+ 81.0%
Inventory of Homes for Sale
81
62
- 23.5%
--
--
--
Inventory of Homes for Sale
2
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
* 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
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 July 9, 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 July 9, 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 – June 2020
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
80
- 1.2%
572
460
- 19.6%
New Listings
161
177
+ 9.9%
996
1,023
+ 2.7%
Closed Sales
97
66
- 32.0%
380
346
- 8.9%
Closed Sales
122
180
+ 47.5%
656
756
+ 15.2%
Median Sales Price*
$357,500
$387,000
+ 8.3%
$360,663
$375,000
+ 4.0%
Median Sales Price*
$332,351
$319,000
- 4.0%
$317,000
$315,000
- 0.6%
Average Sales Price*
$390,554
$435,998
+ 11.6%
$452,479
$437,871
- 3.2%
Average Sales Price*
$353,275
$358,549
+ 1.5%
$346,515
$348,968
+ 0.7%
96.0%
97.0%
+ 1.0%
95.4%
95.9%
+ 0.5%
Percent of Original List Price Received*
95.2%
97.0%
+ 1.9%
95.5%
96.4%
+ 0.9%
Days on Market Until Sale
34
45
+ 32.4%
51
48
- 5.9%
Days on Market Until Sale
45
39
- 13.3%
49
45
- 8.2%
Inventory of Homes for Sale
214
94
- 56.1%
--
--
--
Inventory of Homes for Sale
382
195
- 49.0%
--
--
--
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
June
Year to Date
June
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
17
29
+ 70.6%
169
147
- 13.0%
New Listings
54
38
- 29.6%
333
272
- 18.3%
Closed Sales
29
17
- 41.4%
125
94
- 24.8%
Closed Sales
40
42
+ 5.0%
234
226
- 3.4%
Median Sales Price*
$210,000
$196,500
- 6.4%
$210,000
$207,250
- 1.3%
Median Sales Price*
$206,250
$191,525
- 7.1%
$209,500
$222,500
+ 6.2%
Average Sales Price*
$217,087
$196,906
- 9.3%
$218,115
$200,744
- 8.0%
Average Sales Price*
$209,239
$202,599
- 3.2%
$208,770
$217,757
+ 4.3%
97.3%
95.8%
- 1.5%
97.0%
96.0%
- 1.0%
Percent of Original List Price Received*
97.4%
96.7%
- 0.7%
97.2%
96.6%
- 0.6%
Days on Market Until Sale
43
28
- 34.9%
45
42
- 6.7%
Days on Market Until Sale
41
53
+ 29.3%
44
56
+ 27.3%
Inventory of Homes for Sale
51
36
- 29.4%
--
--
--
Inventory of Homes for Sale
115
45
- 60.9%
--
--
--
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.
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 July 9, 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 July 9, 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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