NOVEMBER 2020
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 – November 2020
Local Market Update – November 2020
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 November
Single-Family Detached
Year to Date
November
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
19
31
+ 63.2%
437
435
- 0.5%
New Listings
20
22
+ 10.0%
257
315
+ 22.6%
Closed Sales
13
24
+ 84.6%
163
203
+ 24.5%
Closed Sales
7
17
+ 142.9%
170
193
+ 13.5%
Median Sales Price*
$925,000
1,082,500
+ 17.0%
$1,000,000
$915,000
- 8.5%
Median Sales Price*
$490,000
470,000
- 4.1%
$460,000
$525,000
+ 14.1%
Average Sales Price*
$1,460,423
$1,992,219
+ 36.4%
$1,416,820
$1,359,466
- 4.0%
Average Sales Price*
$473,500
$549,801
+ 16.1%
$489,117
$571,310
+ 16.8%
86.9%
90.6%
+ 4.3%
89.7%
90.3%
+ 0.7%
Percent of Original List Price Received*
90.5%
92.4%
+ 2.1%
91.1%
93.3%
+ 2.4%
Days on Market Until Sale
109
128
+ 17.4%
95
116
+ 22.1%
Days on Market Until Sale
142
43
- 69.7%
69
55
- 20.3%
Inventory of Homes for Sale
212
200
- 5.7%
--
--
--
Inventory of Homes for Sale
89
82
- 7.9%
--
--
--
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
November
Year to Date
November
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
25
22
- 12.0%
376
394
+ 4.8%
New Listings
4
1
- 75.0%
39
42
+ 7.7%
Closed Sales
15
23
+ 53.3%
154
167
+ 8.4%
Closed Sales
1
0
- 100.0%
18
21
+ 16.7%
Median Sales Price*
$779,000
$450,000
- 42.2%
$603,750
$575,000
- 4.8%
Median Sales Price*
$1,175,000
$0
- 100.0%
$274,175
$283,000
+ 3.2%
Average Sales Price*
$893,800
$796,522
- 10.9%
$756,255
$775,350
+ 2.5%
Average Sales Price*
$1,175,000
$0
- 100.0%
$387,158
$386,619
- 0.1%
89.6%
95.8%
+ 6.9%
91.2%
92.4%
+ 1.3%
Percent of Original List Price Received*
94.0%
0.0%
- 100.0%
92.6%
94.9%
+ 2.5%
Days on Market Until Sale
110
140
+ 27.3%
94
137
+ 45.7%
Days on Market Until Sale
45
0
- 100.0%
106
82
- 22.6%
Inventory of Homes for Sale
179
173
- 3.4%
--
--
--
Inventory of Homes for Sale
19
15
- 21.1%
--
--
--
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 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
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
$200,000
$200,000
$200,000
$200,000 $0 1-2010
All MLS — Upper Charleston Peninsula —
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of December 9, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of December 9, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – November 2020
Local Market Update – November 2020
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 November
Single-Family Detached
Year to Date
November
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
71
57
- 19.7%
1,109
1,030
- 7.1%
New Listings
96
80
- 16.7%
1,474
1,373
- 6.9%
Closed Sales
57
64
+ 12.3%
745
871
+ 16.9%
Closed Sales
91
107
+ 17.6%
1,065
1,174
+ 10.2%
Median Sales Price*
$570,000
638,750
+ 12.1%
$570,000
$622,500
+ 9.2%
Median Sales Price*
$497,840
565,670
+ 13.6%
$513,290
$540,000
+ 5.2%
Average Sales Price*
$650,910
$761,516
+ 17.0%
$686,181
$755,881
+ 10.2%
Average Sales Price*
$538,713
$653,718
+ 21.3%
$567,381
$606,352
+ 6.9%
92.9%
97.2%
+ 4.6%
94.3%
95.8%
+ 1.6%
Percent of Original List Price Received*
96.7%
97.5%
+ 0.8%
96.5%
97.4%
+ 0.9%
Days on Market Until Sale
70
37
- 47.1%
62
55
- 11.3%
Days on Market Until Sale
71
43
- 39.4%
72
54
- 25.0%
Inventory of Homes for Sale
291
104
- 64.3%
--
--
--
Inventory of Homes for Sale
338
104
- 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.
* 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
November
Year to Date
November
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
27
34
+ 25.9%
383
463
+ 20.9%
New Listings
22
25
+ 13.6%
412
402
- 2.4%
Closed Sales
22
29
+ 31.8%
301
375
+ 24.6%
Closed Sales
19
28
+ 47.4%
306
326
+ 6.5%
Median Sales Price*
$234,000
$265,000
+ 13.2%
$248,500
$250,000
+ 0.6%
Median Sales Price*
$300,000
$326,000
+ 8.7%
$304,700
$319,125
+ 4.7%
Average Sales Price*
$291,433
$330,012
+ 13.2%
$343,515
$321,131
- 6.5%
Average Sales Price*
$293,640
$331,902
+ 13.0%
$292,683
$313,381
+ 7.1%
94.4%
97.4%
+ 3.2%
95.7%
96.2%
+ 0.5%
Percent of Original List Price Received*
96.7%
97.5%
+ 0.8%
96.3%
97.2%
+ 0.9%
Days on Market Until Sale
53
28
- 47.2%
53
50
- 5.7%
Days on Market Until Sale
81
40
- 50.6%
64
56
- 12.5%
Inventory of Homes for Sale
96
59
- 38.5%
--
--
--
Inventory of Homes for Sale
94
32
- 66.0%
--
--
--
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 $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 —
$260,000
$600,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
All MLS — Upper Mount Pleasant —
$350,000
$240,000
$600,000
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$220,000
$500,000
$200,000 $400,000 $180,000 $300,000 $160,000 $200,000
$100,000 1-2010
$140,000
1-2012
1-2014
1-2016
1-2018
1-2020
$120,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of December 9, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of December 9, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – November 2020
Local Market Update – November 2020
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 November
Single-Family Detached
Year to Date
November
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
20
21
+ 5.0%
285
290
+ 1.8%
New Listings
6
4
- 33.3%
63
62
- 1.6%
Closed Sales
12
35
+ 191.7%
164
264
+ 61.0%
Closed Sales
7
8
+ 14.3%
48
50
+ 4.2%
Median Sales Price*
$1,207,500
1,126,000
- 6.7%
$1,097,500
$1,130,250
+ 3.0%
Median Sales Price*
$2,250,000
3,109,291
+ 38.2%
$2,142,500
$2,407,500
+ 12.4%
Average Sales Price*
$1,458,219
$1,504,763
+ 3.2%
$1,420,740
$1,368,979
- 3.6%
Average Sales Price*
$2,202,857
$3,475,010
+ 57.8%
$2,307,872
$2,564,452
+ 11.1%
89.9%
95.9%
+ 6.7%
91.5%
93.2%
+ 1.9%
Percent of Original List Price Received*
86.6%
95.5%
+ 10.3%
87.8%
92.8%
+ 5.7%
Days on Market Until Sale
212
117
- 44.8%
111
108
- 2.7%
Days on Market Until Sale
153
51
- 66.7%
115
75
- 34.8%
Inventory of Homes for Sale
137
45
- 67.2%
--
--
--
Inventory of Homes for Sale
22
18
- 18.2%
--
--
--
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
November
Year to Date
November
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
11
6
- 45.5%
140
139
- 0.7%
New Listings
1
0
- 100.0%
3
3
0.0%
Closed Sales
5
15
+ 200.0%
77
132
+ 71.4%
Closed Sales
0
1
--
3
4
+ 33.3%
Median Sales Price*
$423,000
$623,000
+ 47.3%
$485,000
$595,000
+ 22.7%
Median Sales Price*
$0
$810,000
--
$1,735,000
$1,205,000
- 30.5%
Average Sales Price*
$507,200
$743,340
+ 46.6%
$555,588
$664,194
+ 19.5%
Average Sales Price*
$0
$810,000
--
$1,397,500
$1,150,558
- 17.7%
96.0%
94.5%
- 1.6%
94.9%
94.3%
- 0.6%
Percent of Original List Price Received*
0.0%
79.0%
--
96.5%
86.9%
- 9.9%
Days on Market Until Sale
69
119
+ 72.5%
100
103
+ 3.0%
Days on Market Until Sale
0
0
--
170
265
+ 55.9%
Inventory of Homes for Sale
85
35
- 58.8%
--
--
--
Inventory of Homes for Sale
1
0
- 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 —
$1,200,000
$700,000
$1,000,000
$600,000
$800,000
$500,000
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
Rolling 12-Month Calculation All MLS — Sullivan's Island —
$2,500,000
All MLS — Sullivan's Island —
$4,000,000
$2,000,000 $3,000,000 $1,500,000
$600,000
$400,000
$2,000,000 $1,000,000
$400,000
$300,000
$200,000
$200,000
$0 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
$1,000,000
$500,000
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of December 9, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$0 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
$0 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of December 9, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – November 2020
Local Market Update – November 2020
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 November
Single-Family Detached
Year to Date
November
Single-Family Detached
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
70
73
+ 4.3%
964
813
- 15.7%
New Listings
124
103
- 16.9%
1,711
1,718
+ 0.4%
Closed Sales
49
53
+ 8.2%
661
692
+ 4.7%
Closed Sales
95
103
+ 8.4%
1,203
1,465
+ 21.8%
Median Sales Price*
$342,000
435,000
+ 27.2%
$360,000
$395,000
+ 9.7%
Median Sales Price*
$295,000
336,000
+ 13.9%
$315,000
$325,000
+ 3.2%
Average Sales Price*
$350,102
$474,187
+ 35.4%
$441,586
$484,715
+ 9.8%
Average Sales Price*
$318,274
$421,325
+ 32.4%
$341,304
$371,878
+ 9.0%
93.2%
97.6%
+ 4.7%
95.6%
96.5%
+ 0.9%
Percent of Original List Price Received*
94.1%
96.8%
+ 2.9%
95.3%
96.8%
+ 1.6%
Days on Market Until Sale
37
20
- 45.9%
47
41
- 12.8%
Days on Market Until Sale
44
37
- 15.9%
48
39
- 18.8%
Inventory of Homes for Sale
202
87
- 56.9%
--
--
--
Inventory of Homes for Sale
357
140
- 60.8%
--
--
--
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
November
Year to Date
November
Year to Date
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
Key Metrics
2019
2020
Percent Change
2019
2020
Percent Change
New Listings
10
16
+ 60.0%
265
265
0.0%
New Listings
41
34
- 17.1%
574
515
- 10.3%
Closed Sales
9
18
+ 100.0%
221
215
- 2.7%
Closed Sales
41
42
+ 2.4%
454
447
- 1.5%
Median Sales Price*
$229,000
$191,500
- 16.4%
$211,000
$205,800
- 2.5%
Median Sales Price*
$173,900
$206,950
+ 19.0%
$208,500
$214,000
+ 2.6%
Average Sales Price*
$230,656
$206,181
- 10.6%
$224,344
$206,677
- 7.9%
Average Sales Price*
$180,084
$218,827
+ 21.5%
$207,729
$215,864
+ 3.9%
94.2%
97.0%
+ 3.0%
97.3%
96.7%
- 0.6%
Percent of Original List Price Received*
98.1%
98.0%
- 0.1%
97.2%
97.4%
+ 0.2%
Days on Market Until Sale
49
27
- 44.9%
39
37
- 5.1%
Days on Market Until Sale
45
24
- 46.7%
45
43
- 4.4%
Inventory of Homes for Sale
48
27
- 43.8%
--
--
--
Inventory of Homes for Sale
115
48
- 58.3%
--
--
--
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.
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
$400,000
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
$240,000
All MLS — West Ashley Area —
$350,000
$220,000
$325,000
$200,000
$300,000
$180,000
$275,000
$160,000
$250,000
$140,000
$225,000
$120,000
$200,000
Rolling 12-Month Calculation
$240,000
$220,000
$200,000
$300,000
$180,000
$200,000
$100,000 1-2010
All MLS — West Ashley Area —
1-2012
1-2014
1-2016
1-2018
1-2020
$100,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of December 9, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$175,000 1-2010
$160,000
$140,000
1-2012
1-2014
1-2016
1-2018
1-2020
$120,000 1-2010
1-2012
1-2014
1-2016
1-2018
1-2020
Current as of December 9, 2020. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2020 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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