March 2021 Real Estate Report | The Cassina Group

MARCH 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 – March 2021

Local Market Update – March 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 March

Single-Family Detached

Year to Date

March

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

36

45

+ 25.0%

109

115

+ 5.5%

New Listings

29

23

- 20.7%

75

70

- 6.7%

Closed Sales

22

39

+ 77.3%

49

100

+ 104.1%

Closed Sales

17

35

+ 105.9%

44

66

+ 50.0%

Median Sales Price*

$1,130,000

$715,000

- 36.7%

$765,000

$865,750

+ 13.2%

Median Sales Price*

$575,000

$589,000

+ 2.4%

$505,000

$583,500

+ 15.5%

Average Sales Price*

$1,166,227

$1,116,905

- 4.2%

$997,659

$1,311,249

+ 31.4%

Average Sales Price*

$692,118

$598,995

- 13.5%

$609,078

$601,503

- 1.2%

88.4%

93.1%

+ 5.3%

88.5%

92.8%

+ 4.9%

Percent of Original List Price Received*

92.8%

94.1%

+ 1.4%

92.0%

94.5%

+ 2.7%

Days on Market Until Sale

132

111

- 15.9%

128

123

- 3.9%

Days on Market Until Sale

79

94

+ 19.0%

77

74

- 3.9%

Inventory of Homes for Sale

180

103

- 42.8%

--

--

--

Inventory of Homes for Sale

85

49

- 42.4%

--

--

--

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

March

Year to Date

March

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

43

41

- 4.7%

114

118

+ 3.5%

New Listings

1

5

+ 400.0%

9

10

+ 11.1%

Closed Sales

16

38

+ 137.5%

47

67

+ 42.6%

Closed Sales

2

2

0.0%

5

4

- 20.0%

Median Sales Price*

$604,000

$615,000

+ 1.8%

$600,000

$630,000

+ 5.0%

Median Sales Price*

$629,750

$440,000

- 30.1%

$265,000

$440,000

+ 66.0%

Average Sales Price*

$1,371,206

$771,158

- 43.8%

$1,101,496

$776,311

- 29.5%

Average Sales Price*

$629,750

$440,000

- 30.1%

$402,100

$423,750

+ 5.4%

94.4%

94.3%

- 0.1%

90.7%

92.7%

+ 2.2%

Percent of Original List Price Received*

96.2%

101.5%

+ 5.5%

97.6%

100.2%

+ 2.7%

Days on Market Until Sale

116

84

- 27.6%

141

122

- 13.5%

Days on Market Until Sale

69

4

- 94.2%

66

29

- 56.1%

Inventory of Homes for Sale

188

132

- 29.8%

--

--

--

Inventory of Homes for Sale

15

6

- 60.0%

--

--

--

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 $1,400,000

* 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 April 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 April 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 – March 2021

Local Market Update – March 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 March

Single-Family Detached

Year to Date

March

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

104

103

- 1.0%

270

259

- 4.1%

New Listings

139

135

- 2.9%

368

376

+ 2.2%

Closed Sales

70

85

+ 21.4%

174

227

+ 30.5%

Closed Sales

98

131

+ 33.7%

246

300

+ 22.0%

Median Sales Price*

$592,500

$630,000

+ 6.3%

$586,495

$650,000

+ 10.8%

Median Sales Price*

$535,000

$587,500

+ 9.8%

$535,000

$584,500

+ 9.3%

Average Sales Price*

$661,991

$759,849

+ 14.8%

$679,582

$791,329

+ 16.4%

Average Sales Price*

$585,377

$668,211

+ 14.2%

$585,410

$666,673

+ 13.9%

95.4%

98.5%

+ 3.2%

94.2%

97.0%

+ 3.0%

Percent of Original List Price Received*

97.3%

100.3%

+ 3.1%

96.7%

99.4%

+ 2.8%

Days on Market Until Sale

75

16

- 78.7%

79

35

- 55.7%

Days on Market Until Sale

69

21

- 69.6%

76

27

- 64.5%

Inventory of Homes for Sale

255

46

- 82.0%

--

--

--

Inventory of Homes for Sale

319

62

- 80.6%

--

--

--

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.

* 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

March

Year to Date

March

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

50

57

+ 14.0%

141

157

+ 11.3%

New Listings

38

29

- 23.7%

116

94

- 19.0%

Closed Sales

38

61

+ 60.5%

74

124

+ 67.6%

Closed Sales

33

36

+ 9.1%

65

84

+ 29.2%

Median Sales Price*

$249,950

$285,000

+ 14.0%

$245,000

$287,000

+ 17.1%

Median Sales Price*

$265,000

$327,500

+ 23.6%

$290,000

$324,950

+ 12.1%

Average Sales Price*

$306,945

$416,335

+ 35.6%

$276,926

$409,820

+ 48.0%

Average Sales Price*

$283,951

$319,392

+ 12.5%

$298,328

$315,009

+ 5.6%

95.6%

98.9%

+ 3.5%

96.1%

98.0%

+ 2.0%

Percent of Original List Price Received*

97.4%

99.6%

+ 2.3%

97.2%

98.9%

+ 1.7%

Days on Market Until Sale

64

22

- 65.6%

61

39

- 36.1%

Days on Market Until Sale

67

14

- 79.1%

67

25

- 62.7%

Inventory of Homes for Sale

110

17

- 84.5%

--

--

--

Inventory of Homes for Sale

104

12

- 88.5%

--

--

--

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.

Historical Median Sales Price Single-Family Detached $700,000

Historical Median Sales Price

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Lower Mount Pleasant —

$250,000

$500,000

$225,000

$400,000

$200,000

$300,000

$175,000

$200,000

$150,000

1-2013

1-2015

1-2017

1-2019

1-2021

$125,000 1-2011

Single-Family Detached All MLS — Lower Mount Pleasant —

$275,000

$600,000

$100,000 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.

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of April 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.

$600,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Upper Mount Pleasant —

$350,000

$500,000

$300,000

$400,000

$250,000

$300,000

$200,000

$200,000

$150,000

$100,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

All MLS — Upper Mount Pleasant —

$100,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of April 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 – March 2021

Local Market Update – March 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 March

Single-Family Detached

Year to Date

March

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

24

40

+ 66.7%

81

86

+ 6.2%

New Listings

4

4

0.0%

18

14

- 22.2%

Closed Sales

13

28

+ 115.4%

36

64

+ 77.8%

Closed Sales

3

1

- 66.7%

11

10

- 9.1%

Median Sales Price*

$1,050,000

$1,745,000

+ 66.2%

$1,067,500

$1,555,000

+ 45.7%

Median Sales Price*

$3,050,000

$4,205,000

+ 37.9%

$2,195,000

$3,394,388

+ 54.6%

Average Sales Price*

$1,152,846

$1,613,250

+ 39.9%

$1,268,000

$1,690,805

+ 33.3%

Average Sales Price*

$2,545,500

$4,205,000

+ 65.2%

$2,257,045

$3,476,278

+ 54.0%

91.2%

96.6%

+ 5.9%

90.4%

95.6%

+ 5.8%

Percent of Original List Price Received*

91.1%

100.1%

+ 9.9%

92.5%

96.4%

+ 4.2%

Days on Market Until Sale

114

38

- 66.7%

110

44

- 60.0%

Days on Market Until Sale

66

672

+ 918.2%

67

141

+ 110.4%

Inventory of Homes for Sale

138

26

- 81.2%

--

--

--

Inventory of Homes for Sale

21

9

- 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.

* 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

March

Year to Date

March

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

20

13

- 35.0%

46

33

- 28.3%

New Listings

1

0

- 100.0%

1

3

+ 200.0%

Closed Sales

5

11

+ 120.0%

19

37

+ 94.7%

Closed Sales

1

0

- 100.0%

2

0

- 100.0%

Median Sales Price*

$691,100

$725,000

+ 4.9%

$667,000

$725,000

+ 8.7%

Median Sales Price*

$1,650,000

$0

- 100.0%

$1,625,000

$0

- 100.0%

Average Sales Price*

$711,620

$751,818

+ 5.6%

$680,128

$746,034

+ 9.7%

Average Sales Price*

$1,650,000

$0

- 100.0%

$1,625,000

$0

- 100.0%

90.7%

99.6%

+ 9.8%

92.6%

95.9%

+ 3.6%

Percent of Original List Price Received*

90.4%

0.0%

- 100.0%

89.0%

0.0%

- 100.0%

Days on Market Until Sale

168

63

- 62.5%

119

115

- 3.4%

Days on Market Until Sale

537

0

- 100.0%

527

0

- 100.0%

Inventory of Homes for Sale

84

20

- 76.2%

--

--

--

2

1

- 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

Historical Median Sales Price

Rolling 12-Month Calculation

Townhouse-Condo Attached

Single-Family Detached

All MLS — Isle of Palms —

$1,400,000 $1,200,000

Inventory of Homes for Sale

* 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.

Single-Family Detached All MLS — Isle of Palms —

$700,000

$3,000,000

$600,000

$2,500,000

$500,000

$2,000,000

$400,000

$1,500,000

$300,000

$1,000,000

$200,000

$500,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Sullivan's Island —

All MLS — Sullivan's Island —

$4,000,000

$3,000,000

$1,000,000 $800,000

$2,000,000

$600,000 $400,000

$1,000,000

$200,000 $0 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 April 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 April 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 – March 2021

Local Market Update – March 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 March

Single-Family Detached

Year to Date

March

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

78

64

- 17.9%

243

170

- 30.0%

New Listings

180

131

- 27.2%

506

340

- 32.8%

Closed Sales

76

64

- 15.8%

176

155

- 11.9%

Closed Sales

123

122

- 0.8%

321

307

- 4.4%

Median Sales Price*

$385,000

$445,000

+ 15.6%

$375,500

$419,500

+ 11.7%

Median Sales Price*

$327,000

$363,913

+ 11.3%

$320,000

$355,000

+ 10.9%

Average Sales Price*

$477,830

$528,751

+ 10.7%

$450,042

$496,696

+ 10.4%

Average Sales Price*

$375,425

$403,981

+ 7.6%

$350,378

$398,228

+ 13.7%

96.1%

99.9%

+ 4.0%

95.5%

98.3%

+ 2.9%

Percent of Original List Price Received*

96.3%

99.1%

+ 2.9%

95.8%

97.7%

+ 2.0%

Days on Market Until Sale

47

22

- 53.2%

52

27

- 48.1%

Days on Market Until Sale

55

24

- 56.4%

54

28

- 48.1%

Inventory of Homes for Sale

162

29

- 82.1%

--

--

--

Inventory of Homes for Sale

324

59

- 81.8%

--

--

--

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

March

Year to Date

March

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

30

24

- 20.0%

77

58

- 24.7%

New Listings

55

55

0.0%

148

136

- 8.1%

Closed Sales

14

25

+ 78.6%

39

65

+ 66.7%

Closed Sales

47

55

+ 17.0%

120

113

- 5.8%

Median Sales Price*

$220,000

$199,850

- 9.2%

$217,000

$220,500

+ 1.6%

Median Sales Price*

$215,000

$232,000

+ 7.9%

$222,500

$211,000

- 5.2%

Average Sales Price*

$225,857

$257,844

+ 14.2%

$210,662

$240,372

+ 14.1%

Average Sales Price*

$210,741

$233,438

+ 10.8%

$215,906

$221,820

+ 2.7%

94.6%

97.1%

+ 2.6%

94.8%

96.3%

+ 1.6%

Percent of Original List Price Received*

96.8%

98.6%

+ 1.9%

96.3%

98.3%

+ 2.1%

Days on Market Until Sale

48

23

- 52.1%

45

46

+ 2.2%

Days on Market Until Sale

64

33

- 48.4%

63

31

- 50.8%

Inventory of Homes for Sale

52

10

- 80.8%

--

--

--

Inventory of Homes for Sale

88

19

- 78.4%

--

--

--

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

* 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

Single-Family Detached All MLS — James Island —

$250,000

$350,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — West Ashley Area —

$325,000

$225,000 $400,000

$240,000

$220,000

$300,000

$200,000

All MLS — West Ashley Area —

$200,000

$275,000 $300,000

$175,000

$180,000 $250,000

$150,000

$125,000 $100,000 1-2011

1-2013

1-2015

1-2017

1-2019

1-2021

$100,000 1-2011

$160,000

$225,000

$200,000

$140,000

$200,000

1-2013

1-2015

1-2017

1-2019

1-2021

Current as of April 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.

$175,000 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 April 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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