June 2021 Real Estate Report | The Cassina Group

Page 3

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.


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