JUNE 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 – June 2021
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
58
41
- 29.3%
235
243
+ 3.4%
New Listings
30
20
- 33.3%
161
144
- 10.6%
Closed Sales
14
45
+ 221.4%
89
231
+ 159.6%
Closed Sales
29
32
+ 10.3%
100
154
+ 54.0%
Median Sales Price*
$683,750
$1,030,000
+ 50.6%
$880,000
$1,038,000
+ 18.0%
Median Sales Price*
$545,000
$575,000
+ 5.5%
$545,000
$588,000
+ 7.9%
Average Sales Price*
$1,038,593
$1,309,789
+ 26.1%
$1,125,767
$1,401,023
+ 24.5%
Average Sales Price*
$566,879
$587,625
+ 3.7%
$586,116
$596,778
+ 1.8%
90.1%
94.9%
+ 5.3%
89.7%
93.8%
+ 4.6%
Percent of Original List Price Received*
90.6%
99.5%
+ 9.8%
92.6%
96.0%
+ 3.7%
Days on Market Until Sale
130
77
- 40.8%
119
98
- 17.6%
Days on Market Until Sale
64
25
- 60.9%
63
68
+ 7.9%
Inventory of Homes for Sale
216
91
- 57.9%
--
--
--
Inventory of Homes for Sale
81
24
- 70.4%
--
--
--
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
June
Year to Date
June
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
38
40
+ 5.3%
220
232
+ 5.5%
New Listings
5
6
+ 20.0%
17
23
+ 35.3%
Closed Sales
13
36
+ 176.9%
82
182
+ 122.0%
Closed Sales
2
5
+ 150.0%
12
14
+ 16.7%
Median Sales Price*
$683,500
$634,500
- 7.2%
$603,500
$644,500
+ 6.8%
Median Sales Price*
$437,500
$545,000
+ 24.6%
$301,250
$485,500
+ 61.2%
Average Sales Price*
$848,423
$750,722
- 11.5%
$915,191
$799,357
- 12.7%
Average Sales Price*
$437,500
$731,500
+ 67.2%
$393,792
$544,000
+ 38.1%
94.2%
95.8%
+ 1.7%
91.7%
93.5%
+ 2.0%
Percent of Original List Price Received*
95.2%
98.8%
+ 3.8%
95.6%
98.8%
+ 3.3%
Days on Market Until Sale
62
117
+ 88.7%
133
109
- 18.0%
Days on Market Until Sale
56
16
- 71.4%
61
26
- 57.4%
Inventory of Homes for Sale
206
113
- 45.1%
--
--
--
Inventory of Homes for Sale
13
7
- 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 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 July 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 July 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 – June 2021
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
101
115
+ 13.9%
570
548
- 3.9%
New Listings
113
122
+ 8.0%
704
743
+ 5.5%
Closed Sales
80
112
+ 40.0%
394
529
+ 34.3%
Closed Sales
103
136
+ 32.0%
530
673
+ 27.0%
Median Sales Price*
$576,250
$739,750
+ 28.4%
$582,500
$716,699
+ 23.0%
Median Sales Price*
$520,000
$653,525
+ 25.7%
$530,853
$610,000
+ 14.9%
Average Sales Price*
$740,031
$930,108
+ 25.7%
$688,757
$884,362
+ 28.4%
Average Sales Price*
$565,174
$738,059
+ 30.6%
$580,173
$695,965
+ 20.0%
95.3%
100.3%
+ 5.2%
95.1%
98.7%
+ 3.8%
Percent of Original List Price Received*
98.1%
102.6%
+ 4.6%
97.2%
100.7%
+ 3.6%
Days on Market Until Sale
58
11
- 81.0%
62
27
- 56.5%
Days on Market Until Sale
48
14
- 70.8%
63
20
- 68.3%
Inventory of Homes for Sale
219
52
- 76.3%
--
--
--
Inventory of Homes for Sale
233
56
- 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.
* 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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
53
54
+ 1.9%
256
318
+ 24.2%
New Listings
36
31
- 13.9%
229
195
- 14.8%
Closed Sales
42
48
+ 14.3%
161
297
+ 84.5%
Closed Sales
27
40
+ 48.1%
136
175
+ 28.7%
Median Sales Price*
$239,500
$270,000
+ 12.7%
$245,000
$295,000
+ 20.4%
Median Sales Price*
$327,000
$331,750
+ 1.5%
$310,500
$324,000
+ 4.3%
Average Sales Price*
$322,701
$322,794
+ 0.0%
$304,716
$401,327
+ 31.7%
Average Sales Price*
$325,883
$348,518
+ 6.9%
$313,433
$325,227
+ 3.8%
96.2%
103.6%
+ 7.7%
96.0%
99.8%
+ 4.0%
Percent of Original List Price Received*
97.9%
102.3%
+ 4.5%
97.2%
100.6%
+ 3.5%
Days on Market Until Sale
44
5
- 88.6%
54
26
- 51.9%
Days on Market Until Sale
43
6
- 86.0%
68
16
- 76.5%
Inventory of Homes for Sale
95
27
- 71.6%
--
--
--
Inventory of Homes for Sale
85
9
- 89.4%
--
--
--
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 $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 July 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 July 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 – June 2021
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
18
32
+ 77.8%
143
172
+ 20.3%
New Listings
7
7
0.0%
32
39
+ 21.9%
Closed Sales
23
24
+ 4.3%
79
149
+ 88.6%
Closed Sales
4
12
+ 200.0%
21
30
+ 42.9%
Median Sales Price*
$934,500
$1,900,000
+ 103.3%
$1,000,000
$1,700,000
+ 70.0%
Median Sales Price*
$2,100,000
$2,875,000
+ 36.9%
$2,600,000
$3,000,000
+ 15.4%
Average Sales Price*
$1,279,387
$2,377,125
+ 85.8%
$1,253,461
$2,025,008
+ 61.6%
Average Sales Price*
$2,985,000
$3,265,833
+ 9.4%
$2,436,548
$3,170,759
+ 30.1%
92.1%
98.6%
+ 7.1%
91.2%
96.9%
+ 6.3%
Percent of Original List Price Received*
99.2%
95.8%
- 3.4%
91.5%
96.2%
+ 5.1%
Days on Market Until Sale
101
13
- 87.1%
120
35
- 70.8%
Days on Market Until Sale
27
40
+ 48.1%
81
85
+ 4.9%
Inventory of Homes for Sale
97
29
- 70.1%
--
--
--
Inventory of Homes for Sale
18
10
- 44.4%
--
--
--
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
June
Year to Date
June
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
13
13
0.0%
77
74
- 3.9%
New Listings
0
1
--
2
5
+ 150.0%
Closed Sales
15
6
- 60.0%
50
69
+ 38.0%
Closed Sales
1
0
- 100.0%
3
2
- 33.3%
Median Sales Price*
$520,000
$780,509
+ 50.1%
$598,500
$711,000
+ 18.8%
Median Sales Price*
$542,230
$0
- 100.0%
$1,600,000
$580,000
- 63.8%
Average Sales Price*
$632,400
$695,170
+ 9.9%
$658,359
$740,982
+ 12.5%
Average Sales Price*
$542,230
$0
- 100.0%
$1,264,077
$580,000
- 54.1%
95.9%
101.2%
+ 5.5%
93.8%
97.7%
+ 4.2%
Percent of Original List Price Received*
90.5%
0.0%
- 100.0%
89.5%
83.5%
- 6.7%
Days on Market Until Sale
79
5
- 93.7%
100
78
- 22.0%
Days on Market Until Sale
6
0
- 100.0%
353
0
- 100.0%
Inventory of Homes for Sale
66
22
- 66.7%
--
--
--
Inventory of Homes for Sale
1
2
+ 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 —
$1,500,000
$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 July 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 July 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 – June 2021
Local Market Update – June 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 June
Single-Family Detached
Year to Date
June
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
80
73
- 8.8%
461
423
- 8.2%
New Listings
178
156
- 12.4%
1,024
800
- 21.9%
Closed Sales
66
77
+ 16.7%
345
359
+ 4.1%
Closed Sales
180
157
- 12.8%
761
700
- 8.0%
Median Sales Price*
$387,000
$485,000
+ 25.3%
$375,000
$445,000
+ 18.7%
Median Sales Price*
$319,000
$400,000
+ 25.4%
$315,000
$375,000
+ 19.0%
Average Sales Price*
$435,998
$532,138
+ 22.1%
$438,154
$552,405
+ 26.1%
Average Sales Price*
$358,549
$482,842
+ 34.7%
$349,717
$438,529
+ 25.4%
97.0%
101.1%
+ 4.2%
95.9%
99.0%
+ 3.2%
Percent of Original List Price Received*
97.0%
100.9%
+ 4.0%
96.5%
99.4%
+ 3.0%
Days on Market Until Sale
45
12
- 73.3%
48
22
- 54.2%
Days on Market Until Sale
39
11
- 71.8%
45
20
- 55.6%
Inventory of Homes for Sale
106
47
- 55.7%
--
--
--
Inventory of Homes for Sale
246
101
- 58.9%
--
--
--
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
June
Year to Date
June
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
32
+ 10.3%
147
154
+ 4.8%
New Listings
38
61
+ 60.5%
272
297
+ 9.2%
Closed Sales
18
42
+ 133.3%
95
146
+ 53.7%
Closed Sales
42
46
+ 9.5%
228
269
+ 18.0%
Median Sales Price*
$196,000
$227,000
+ 15.8%
$207,000
$210,000
+ 1.4%
Median Sales Price*
$191,525
$241,250
+ 26.0%
$222,500
$237,000
+ 6.5%
Average Sales Price*
$193,717
$222,889
+ 15.1%
$200,099
$235,468
+ 17.7%
Average Sales Price*
$202,599
$248,335
+ 22.6%
$217,957
$234,150
+ 7.4%
95.7%
101.0%
+ 5.5%
96.0%
98.5%
+ 2.6%
Percent of Original List Price Received*
96.7%
101.1%
+ 4.6%
96.7%
99.7%
+ 3.1%
Days on Market Until Sale
32
11
- 65.6%
43
28
- 34.9%
Days on Market Until Sale
53
11
- 79.2%
56
20
- 64.3%
Inventory of Homes for Sale
40
6
- 85.0%
--
--
--
Inventory of Homes for Sale
49
21
- 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.
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 —
$250,000
Rolling 12-Month Calculation
All MLS — West Ashley Area —
$400,000
$350,000
$400,000
$220,000
$200,000 $300,000
$200,000
$175,000 $180,000
$250,000 $150,000
$160,000
$200,000
$200,000
$125,000 $100,000 1-2011
$260,000 $240,000
$225,000
$300,000
All MLS — West Ashley Area —
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 July 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 July 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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