NOVEMBER 2021
R E AL E STATE 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 2021
Local Market Update – November 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 November
Single-Family Detached
Year to Date
November
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
31
22
- 29.0%
434
384
- 11.5%
New Listings
22
14
- 36.4%
315
255
- 19.0%
Closed Sales
24
19
- 20.8%
203
359
+ 76.8%
Closed Sales
17
12
- 29.4%
196
229
+ 16.8%
Median Sales Price*
$1,082,500
$1,750,000
+ 61.7%
$920,000
$1,049,000
+ 14.0%
Median Sales Price*
$470,000
$732,300
+ 55.8%
$522,500
$590,000
+ 12.9%
Average Sales Price*
$1,992,219
$2,149,661
+ 7.9%
$1,363,333
$1,437,598
+ 5.4%
Average Sales Price*
$549,801
$800,022
+ 45.5%
$567,933
$624,588
+ 10.0%
90.6%
94.1%
+ 3.9%
90.3%
94.0%
+ 4.1%
Percent of Original List Price Received*
92.4%
97.4%
+ 5.4%
93.4%
96.2%
+ 3.0%
Days on Market Until Sale
128
50
- 60.9%
115
86
- 25.2%
Days on Market Until Sale
43
11
- 74.4%
55
56
+ 1.8%
Inventory of Homes for Sale
209
51
- 75.6%
--
--
--
Inventory of Homes for Sale
88
30
- 65.9%
--
--
--
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
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
22
30
+ 36.4%
394
377
- 4.3%
New Listings
1
6
+ 500.0%
42
48
+ 14.3%
Closed Sales
23
15
- 34.8%
167
309
+ 85.0%
Closed Sales
0
2
--
21
32
+ 52.4%
Median Sales Price*
$450,000
$665,000
+ 47.8%
$575,000
$649,000
+ 12.9%
Median Sales Price*
$0
$600,000
--
$283,000
$442,000
+ 56.2%
Average Sales Price*
$796,522
$814,433
+ 2.2%
$775,350
$783,420
+ 1.0%
Average Sales Price*
$0
$600,000
--
$386,619
$522,262
+ 35.1%
95.8%
93.6%
- 2.3%
92.4%
94.0%
+ 1.7%
Percent of Original List Price Received*
0.0%
100.5%
--
94.9%
97.9%
+ 3.2%
Days on Market Until Sale
140
68
- 51.4%
137
98
- 28.5%
Days on Market Until Sale
0
13
--
82
35
- 57.3%
Inventory of Homes for Sale
176
76
- 56.8%
--
--
--
Inventory of Homes for Sale
16
10
- 37.5%
--
--
--
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 $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
$700,000
$600,000
$600,000
$500,000
$500,000
$400,000
$400,000
$300,000
$300,000
$200,000
$200,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —
All MLS — Upper Charleston Peninsula —
$500,000
$400,000
$1,000,000 $800,000
$300,000
$600,000 $400,000
$200,000
$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 December 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 December 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 – November 2021
Local Market Update – November 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 November
Single-Family Detached
Year to Date
November
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
57
55
- 3.5%
1,030
932
- 9.5%
New Listings
79
57
- 27.8%
1,372
1,206
- 12.1%
Closed Sales
65
55
- 15.4%
874
884
+ 1.1%
Closed Sales
108
78
- 27.8%
1,175
1,163
- 1.0%
Median Sales Price*
$637,500
$800,000
+ 25.5%
$621,250
$742,250
+ 19.5%
Median Sales Price*
$567,335
$708,000
+ 24.8%
$540,000
$642,879
+ 19.1%
Average Sales Price*
$759,493
$1,147,010
+ 51.0%
$756,427
$926,414
+ 22.5%
Average Sales Price*
$653,432
$800,711
+ 22.5%
$606,056
$725,141
+ 19.6%
97.5%
98.0%
+ 0.5%
95.9%
98.5%
+ 2.7%
Percent of Original List Price Received*
97.5%
100.8%
+ 3.4%
97.4%
100.8%
+ 3.5%
Days on Market Until Sale
36
13
- 63.9%
55
23
- 58.2%
Days on Market Until Sale
42
21
- 50.0%
54
17
- 68.5%
Inventory of Homes for Sale
126
42
- 66.7%
--
--
--
Inventory of Homes for Sale
119
52
- 56.3%
--
--
--
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
November
Year to Date
November
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
34
26
- 23.5%
463
532
+ 14.9%
New Listings
25
26
+ 4.0%
402
354
- 11.9%
Closed Sales
29
40
+ 37.9%
375
517
+ 37.9%
Closed Sales
30
28
- 6.7%
330
323
- 2.1%
Median Sales Price*
$265,000
$312,500
+ 17.9%
$250,000
$310,000
+ 24.0%
Median Sales Price*
$332,500
$411,795
+ 23.8%
$319,750
$349,900
+ 9.4%
Average Sales Price*
$330,012
$382,035
+ 15.8%
$321,131
$418,510
+ 30.3%
Average Sales Price*
$332,375
$422,313
+ 27.1%
$314,038
$356,900
+ 13.6%
97.4%
98.3%
+ 0.9%
96.2%
99.8%
+ 3.7%
Percent of Original List Price Received*
97.6%
100.7%
+ 3.2%
97.2%
100.7%
+ 3.6%
Days on Market Until Sale
28
18
- 35.7%
50
21
- 58.0%
Days on Market Until Sale
38
7
- 81.6%
56
12
- 78.6%
Inventory of Homes for Sale
64
16
- 75.0%
--
--
--
Inventory of Homes for Sale
42
9
- 78.6%
--
--
--
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.
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 —
Single-Family Detached All MLS — Lower Mount Pleasant —
$350,000
$700,000 $300,000 $600,000
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
All MLS — Upper Mount Pleasant —
$400,000
$600,000
$350,000
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$250,000
$500,000 $400,000
$200,000
$300,000 $150,000
$200,000 $100,000 1-2011
$700,000
Rolling 12-Month Calculation
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 December 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 December 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 – November 2021
Local Market Update – November 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 November
Single-Family Detached
Year to Date
November
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
21
20
- 4.8%
290
298
+ 2.8%
New Listings
4
3
- 25.0%
61
60
- 1.6%
Closed Sales
35
19
- 45.7%
264
249
- 5.7%
Closed Sales
8
3
- 62.5%
50
44
- 12.0%
Median Sales Price*
$1,126,000
$1,610,000
+ 43.0%
$1,130,250
$1,625,000
+ 43.8%
Median Sales Price*
$3,109,291
$3,500,000
+ 12.6%
$2,407,500
$3,050,000
+ 26.7%
Average Sales Price*
$1,504,763
$1,931,654
+ 28.4%
$1,368,979
$1,970,616
+ 43.9%
Average Sales Price*
$3,475,010
$3,237,987
- 6.8%
$2,564,452
$3,444,289
+ 34.3%
95.9%
97.6%
+ 1.8%
93.2%
97.4%
+ 4.5%
Percent of Original List Price Received*
95.5%
104.2%
+ 9.1%
92.8%
97.0%
+ 4.5%
Days on Market Until Sale
117
27
- 76.9%
108
29
- 73.1%
Days on Market Until Sale
51
45
- 11.8%
75
70
- 6.7%
Inventory of Homes for Sale
49
31
- 36.7%
--
--
--
Inventory of Homes for Sale
18
8
- 55.6%
--
--
--
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
November
Year to Date
November
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
6
5
- 16.7%
139
105
- 24.5%
New Listings
0
0
--
3
6
+ 100.0%
Closed Sales
15
5
- 66.7%
132
106
- 19.7%
Closed Sales
1
0
- 100.0%
4
4
0.0%
Median Sales Price*
$623,000
$730,000
+ 17.2%
$595,000
$727,500
+ 22.3%
Median Sales Price*
$810,000
$0
- 100.0%
$1,205,000
$580,000
- 51.9%
Average Sales Price*
$743,340
$640,000
- 13.9%
$664,194
$768,031
+ 15.6%
Average Sales Price*
$810,000
$0
- 100.0%
$1,150,558
$821,250
- 28.6%
94.5%
96.0%
+ 1.6%
94.3%
97.8%
+ 3.7%
Percent of Original List Price Received*
79.0%
0.0%
- 100.0%
86.9%
86.6%
- 0.3%
Days on Market Until Sale
119
100
- 16.0%
103
69
- 33.0%
Days on Market Until Sale
0
0
--
265
54
- 79.6%
Inventory of Homes for Sale
36
9
- 75.0%
--
--
--
Inventory of Homes for Sale
0
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 —
$1,750,000
$700,000
$1,250,000
$600,000
$1,000,000
$500,000
$750,000
$400,000
$500,000
$300,000
$250,000
$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 December 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.
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
$800,000
$1,500,000
$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
$4,000,000
$3,000,000
$3,000,000
$2,000,000
$2,000,000
$1,000,000
$1,000,000
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
All MLS — Sullivan's Island —
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of December 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 – November 2021
Local Market Update – November 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 November
Single-Family Detached
Year to Date
November
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
73
41
- 43.8%
813
704
- 13.4%
New Listings
99
122
+ 23.2%
1,704
1,516
- 11.0%
Closed Sales
53
51
- 3.8%
692
658
- 4.9%
Closed Sales
106
122
+ 15.1%
1,465
1,288
- 12.1%
Median Sales Price*
$435,000
$449,900
+ 3.4%
$395,000
$458,000
+ 15.9%
Median Sales Price*
$342,500
$399,500
+ 16.6%
$325,000
$390,000
+ 20.0%
Average Sales Price*
$474,187
$651,893
+ 37.5%
$484,715
$560,077
+ 15.5%
Average Sales Price*
$421,961
$431,032
+ 2.1%
$371,346
$444,869
+ 19.8%
97.6%
99.8%
+ 2.3%
96.5%
99.2%
+ 2.8%
Percent of Original List Price Received*
96.8%
97.8%
+ 1.0%
96.8%
99.0%
+ 2.3%
Days on Market Until Sale
20
22
+ 10.0%
41
20
- 51.2%
Days on Market Until Sale
37
23
- 37.8%
39
18
- 53.8%
Inventory of Homes for Sale
93
33
- 64.5%
--
--
--
Inventory of Homes for Sale
160
84
- 47.5%
--
--
--
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
November
Year to Date
November
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
16
19
+ 18.8%
265
284
+ 7.2%
New Listings
34
29
- 14.7%
514
516
+ 0.4%
Closed Sales
18
24
+ 33.3%
215
273
+ 27.0%
Closed Sales
42
31
- 26.2%
447
483
+ 8.1%
Median Sales Price*
$191,500
$245,750
+ 28.3%
$205,800
$233,000
+ 13.2%
Median Sales Price*
$206,950
$252,000
+ 21.8%
$214,000
$246,800
+ 15.3%
Average Sales Price*
$206,181
$305,908
+ 48.4%
$206,677
$251,558
+ 21.7%
Average Sales Price*
$218,827
$263,885
+ 20.6%
$215,864
$246,115
+ 14.0%
97.0%
99.8%
+ 2.9%
96.7%
99.6%
+ 3.0%
Percent of Original List Price Received*
98.0%
97.6%
- 0.4%
97.4%
99.9%
+ 2.6%
Days on Market Until Sale
27
14
- 48.1%
37
19
- 48.6%
Days on Market Until Sale
24
17
- 29.2%
43
16
- 62.8%
Inventory of Homes for Sale
29
12
- 58.6%
--
--
--
Inventory of Homes for Sale
56
29
- 48.2%
--
--
--
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
* 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 —
$275,000
Rolling 12-Month Calculation
All MLS — West Ashley Area —
$400,000
$250,000 $225,000
$225,000 $300,000
$200,000 $300,000
$200,000 $175,000
$250,000 $175,000
$150,000
$200,000
$200,000
$150,000
$125,000 $100,000 1-2011
$275,000
$250,000
$350,000
$400,000
All MLS — West Ashley Area —
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 December 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
$125,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of December 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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