June 2021 Real Estate Report | The Cassina Group

Page 1

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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