MAY 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 – May 2021
Local Market Update – May 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 May
Single-Family Detached
Year to Date
May
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
47
47
0.0%
177
202
+ 14.1%
New Listings
35
26
- 25.7%
131
124
- 5.3%
Closed Sales
5
38
+ 660.0%
75
185
+ 146.7%
Closed Sales
12
31
+ 158.3%
71
122
+ 71.8%
Median Sales Price*
$865,000
$1,600,250
+ 85.0%
$935,000
$1,038,000
+ 11.0%
Median Sales Price*
$494,950
$615,000
+ 24.3%
$520,000
$589,500
+ 13.4%
Average Sales Price*
$1,173,068
$1,811,446
+ 54.4%
$1,142,040
$1,422,140
+ 24.5%
Average Sales Price*
$522,344
$583,258
+ 11.7%
$593,973
$599,179
+ 0.9%
94.2%
94.8%
+ 0.6%
89.6%
93.4%
+ 4.2%
Percent of Original List Price Received*
97.0%
94.4%
- 2.7%
93.4%
95.0%
+ 1.7%
Days on Market Until Sale
102
67
- 34.3%
117
103
- 12.0%
Days on Market Until Sale
36
96
+ 166.7%
63
79
+ 25.4%
Inventory of Homes for Sale
194
93
- 52.1%
--
--
--
Inventory of Homes for Sale
87
32
- 63.2%
--
--
--
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.
* 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
May
Year to Date
May
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
44
33
- 25.0%
182
192
+ 5.5%
New Listings
1
4
+ 300.0%
12
17
+ 41.7%
Closed Sales
10
45
+ 350.0%
69
146
+ 111.6%
Closed Sales
2
3
+ 50.0%
10
9
- 10.0%
Median Sales Price*
$508,750
$676,700
+ 33.0%
$598,000
$653,700
+ 9.3%
Median Sales Price*
$423,750
$380,000
- 10.3%
$283,500
$455,000
+ 60.5%
Average Sales Price*
$548,800
$760,396
+ 38.6%
$927,771
$811,350
- 12.5%
Average Sales Price*
$423,750
$375,000
- 11.5%
$385,050
$439,833
+ 14.2%
93.7%
93.3%
- 0.4%
91.2%
93.0%
+ 2.0%
Percent of Original List Price Received*
93.4%
97.8%
+ 4.7%
95.7%
98.9%
+ 3.3%
Days on Market Until Sale
161
102
- 36.6%
146
107
- 26.7%
Days on Market Until Sale
90
18
- 80.0%
62
31
- 50.0%
Inventory of Homes for Sale
203
121
- 40.4%
--
--
--
Inventory of Homes for Sale
13
4
- 69.2%
--
--
--
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 June 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 June 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 – May 2021
Local Market Update – May 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 May
Single-Family Detached
Year to Date
May
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
100
80
- 20.0%
469
433
- 7.7%
New Listings
132
114
- 13.6%
591
621
+ 5.1%
Closed Sales
74
94
+ 27.0%
314
416
+ 32.5%
Closed Sales
95
114
+ 20.0%
427
532
+ 24.6%
Median Sales Price*
$557,500
$755,800
+ 35.6%
$585,000
$699,000
+ 19.5%
Median Sales Price*
$536,790
$612,385
+ 14.1%
$532,370
$600,000
+ 12.7%
Average Sales Price*
$653,248
$1,025,704
+ 57.0%
$675,693
$876,768
+ 29.8%
Average Sales Price*
$610,588
$709,399
+ 16.2%
$583,791
$685,132
+ 17.4%
96.2%
100.2%
+ 4.2%
95.0%
98.1%
+ 3.3%
Percent of Original List Price Received*
97.6%
101.3%
+ 3.8%
97.0%
100.2%
+ 3.3%
Days on Market Until Sale
44
25
- 43.2%
63
32
- 49.2%
Days on Market Until Sale
49
17
- 65.3%
66
22
- 66.7%
Inventory of Homes for Sale
251
44
- 82.5%
--
--
--
Inventory of Homes for Sale
288
48
- 83.3%
--
--
--
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
May
Year to Date
May
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
40
45
+ 12.5%
203
264
+ 30.0%
New Listings
46
37
- 19.6%
193
164
- 15.0%
Closed Sales
23
57
+ 147.8%
119
249
+ 109.2%
Closed Sales
19
25
+ 31.6%
109
135
+ 23.9%
Median Sales Price*
$228,000
$400,000
+ 75.4%
$245,000
$310,000
+ 26.5%
Median Sales Price*
$327,000
$310,000
- 5.2%
$310,000
$322,500
+ 4.0%
Average Sales Price*
$298,409
$451,590
+ 51.3%
$298,368
$416,466
+ 39.6%
Average Sales Price*
$321,040
$321,695
+ 0.2%
$310,349
$318,326
+ 2.6%
95.8%
100.5%
+ 4.9%
95.9%
99.0%
+ 3.2%
Percent of Original List Price Received*
96.3%
103.1%
+ 7.1%
97.0%
100.1%
+ 3.2%
Days on Market Until Sale
40
13
- 67.5%
57
29
- 49.1%
Days on Market Until Sale
69
7
- 89.9%
74
19
- 74.3%
Inventory of Homes for Sale
93
18
- 80.6%
--
--
--
Inventory of Homes for Sale
105
8
- 92.4%
--
--
--
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 $700,000
* 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 —
$300,000
$600,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
All MLS — Upper Mount Pleasant —
$350,000
$275,000
$600,000
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$250,000
$500,000
$225,000 $400,000 $200,000 $300,000 $175,000 $200,000
$100,000 1-2011
$150,000
1-2013
1-2015
1-2017
1-2019
1-2021
$125,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of June 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 June 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 – May 2021
Local Market Update – May 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 May
Single-Family Detached
Year to Date
May
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
37
32
- 13.5%
125
140
+ 12.0%
New Listings
5
8
+ 60.0%
25
32
+ 28.0%
Closed Sales
11
26
+ 136.4%
56
124
+ 121.4%
Closed Sales
6
2
- 66.7%
17
18
+ 5.9%
Median Sales Price*
$865,000
$2,100,000
+ 142.8%
$1,030,000
$1,650,000
+ 60.2%
Median Sales Price*
$2,625,000
$2,842,501
+ 8.3%
$2,600,000
$3,094,388
+ 19.0%
Average Sales Price*
$1,168,136
$2,640,191
+ 126.0%
$1,242,813
$1,965,814
+ 58.2%
Average Sales Price*
$2,400,000
$2,842,501
+ 18.4%
$2,307,500
$3,107,376
+ 34.7%
90.7%
98.9%
+ 9.0%
90.9%
96.5%
+ 6.2%
Percent of Original List Price Received*
84.7%
100.6%
+ 18.8%
89.7%
96.5%
+ 7.6%
Days on Market Until Sale
195
24
- 87.7%
128
40
- 68.8%
Days on Market Until Sale
142
0
- 100.0%
93
115
+ 23.7%
Inventory of Homes for Sale
124
29
- 76.6%
--
--
--
Inventory of Homes for Sale
17
10
- 41.2%
--
--
--
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.
* 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
May
Year to Date
May
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
12
- 7.7%
64
61
- 4.7%
New Listings
1
0
- 100.0%
2
4
+ 100.0%
Closed Sales
6
10
+ 66.7%
35
63
+ 80.0%
Closed Sales
0
0
--
2
2
0.0%
Median Sales Price*
$521,250
$581,000
+ 11.5%
$612,000
$697,750
+ 14.0%
Median Sales Price*
$0
$0
--
$1,625,000
$580,000
- 64.3%
Average Sales Price*
$546,750
$699,600
+ 28.0%
$669,484
$745,345
+ 11.3%
Average Sales Price*
$0
$0
--
$1,625,000
$580,000
- 64.3%
93.2%
102.0%
+ 9.4%
92.9%
97.4%
+ 4.8%
Percent of Original List Price Received*
0.0%
0.0%
--
89.0%
83.5%
- 6.2%
Days on Market Until Sale
102
28
- 72.5%
108
85
- 21.3%
Days on Market Until Sale
0
0
--
527
0
- 100.0%
Inventory of Homes for Sale
78
18
- 76.9%
--
--
--
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
* 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 —
$1,400,000 $1,200,000
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
$700,000
All MLS — Sullivan's Island —
$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 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 June 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 June 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 – May 2021
Local Market Update – May 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 May
Single-Family Detached
Year to Date
May
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
68
100
+ 47.1%
381
350
- 8.1%
New Listings
199
134
- 32.7%
846
643
- 24.0%
Closed Sales
46
73
+ 58.7%
279
282
+ 1.1%
Closed Sales
137
119
- 13.1%
581
542
- 6.7%
Median Sales Price*
$350,000
$485,000
+ 38.6%
$369,900
$440,000
+ 19.0%
Median Sales Price*
$297,880
$390,500
+ 31.1%
$314,900
$366,000
+ 16.2%
Average Sales Price*
$425,605
$702,528
+ 65.1%
$438,664
$557,957
+ 27.2%
Average Sales Price*
$334,849
$484,662
+ 44.7%
$346,981
$425,833
+ 22.7%
95.2%
100.0%
+ 5.0%
95.6%
98.5%
+ 3.0%
Percent of Original List Price Received*
97.2%
100.8%
+ 3.7%
96.3%
98.9%
+ 2.7%
Days on Market Until Sale
58
14
- 75.9%
49
24
- 51.0%
Days on Market Until Sale
36
11
- 69.4%
47
23
- 51.1%
Inventory of Homes for Sale
127
59
- 53.5%
--
--
--
Inventory of Homes for Sale
263
75
- 71.5%
--
--
--
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
May
Year to Date
May
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
22
33
+ 50.0%
118
122
+ 3.4%
New Listings
48
50
+ 4.2%
234
236
+ 0.9%
Closed Sales
18
25
+ 38.9%
77
104
+ 35.1%
Closed Sales
29
47
+ 62.1%
186
223
+ 19.9%
Median Sales Price*
$202,500
$170,000
- 16.0%
$207,500
$205,500
- 1.0%
Median Sales Price*
$263,000
$269,900
+ 2.6%
$226,000
$235,000
+ 4.0%
Average Sales Price*
$196,361
$230,260
+ 17.3%
$201,591
$240,549
+ 19.3%
Average Sales Price*
$244,333
$249,967
+ 2.3%
$221,425
$231,224
+ 4.4%
96.7%
100.0%
+ 3.4%
96.1%
97.5%
+ 1.5%
Percent of Original List Price Received*
98.0%
101.5%
+ 3.6%
96.6%
99.4%
+ 2.9%
Days on Market Until Sale
62
10
- 83.9%
45
34
- 24.4%
Days on Market Until Sale
40
10
- 75.0%
57
22
- 61.4%
Inventory of Homes for Sale
48
11
- 77.1%
--
--
--
Inventory of Homes for Sale
71
16
- 77.5%
--
--
--
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
* 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
$400,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — West Ashley Area —
$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 June 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 June 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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