November 2018 Real Estate Report | Presented by The Cassina Group

NOVEMBER 2018

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 2018

Local Market Update – November 2018

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

2017

2018

Percent Change

2017

2018

Percent Change

Key Metrics

2017

2018

Percent Change

2017

2018

Percent Change

New Listings

20

27

+ 35.0%

274

388

+ 41.6%

New Listings

15

19

+ 26.7%

213

257

+ 20.7%

Closed Sales

12

8

- 33.3%

212

187

- 11.8%

Closed Sales

6

5

- 16.7%

142

147

+ 3.5%

Median Sales Price*

$915,000

$671,250

- 26.6%

$895,000

$962,500

+ 7.5%

Median Sales Price*

$508,500

$392,000

- 22.9%

$472,250

$485,350

+ 2.8%

Average Sales Price*

$1,224,079

$1,485,063

+ 21.3%

$1,263,816

$1,323,391

+ 4.7%

Average Sales Price*

$485,333

$385,900

- 20.5%

$508,301

$504,213

- 0.8%

88.4%

89.0%

+ 0.7%

92.0%

91.8%

- 0.2%

Percent of Original List Price Received*

94.3%

92.5%

- 1.9%

95.2%

94.1%

- 1.2%

Days on Market Until Sale

137

93

- 32.1%

103

88

- 14.6%

Days on Market Until Sale

42

121

+ 188.1%

49

54

+ 10.2%

Inventory of Homes for Sale

112

179

+ 59.8%

--

--

--

Inventory of Homes for Sale

56

83

+ 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.

* 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

2017

2018

Percent Change

2017

2018

Percent Change

Key Metrics

2017

2018

Percent Change

2017

2018

Percent Change

New Listings

22

22

0.0%

304

386

+ 27.0%

New Listings

2

1

- 50.0%

44

49

+ 11.4%

Closed Sales

12

33

+ 175.0%

179

177

- 1.1%

Closed Sales

3

2

- 33.3%

25

27

+ 8.0%

Median Sales Price*

$660,000

$746,000

+ 13.0%

$572,000

$610,000

+ 6.6%

Median Sales Price*

$242,500

$252,500

+ 4.1%

$346,000

$375,000

+ 8.4%

Average Sales Price*

$983,229

$726,364

- 26.1%

$704,824

$753,649

+ 6.9%

Average Sales Price*

$301,667

$252,500

- 16.3%

$371,036

$443,817

+ 19.6%

94.4%

97.4%

+ 3.2%

93.8%

94.6%

+ 0.9%

Percent of Original List Price Received*

95.2%

87.5%

- 8.1%

94.7%

94.9%

+ 0.2%

Days on Market Until Sale

64

37

- 42.2%

91

76

- 16.5%

Days on Market Until Sale

34

15

- 55.9%

58

37

- 36.2%

Inventory of Homes for Sale

120

153

+ 27.5%

--

--

--

Inventory of Homes for Sale

14

15

+ 7.1%

--

--

--

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 $1,200,000

* 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 —

$700,000

$1,000,000

$600,000

$800,000

$500,000

Single-Family Detached All MLS — Downtown Charleston —

$600,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —

All MLS — Upper Charleston Peninsula —

$500,000

$500,000 $400,000 $400,000

$600,000

$400,000

$300,000 $300,000

$400,000

$300,000

$200,000

$200,000

$0 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

$100,000 1-2008

$200,000

$200,000

1-2010

1-2012

1-2014

1-2016

1-2018

Current as of December 7, 2018. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2018 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

$100,000 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

Current as of December 7, 2018. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2018 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

Local Market Update – November 2018

Local Market Update – November 2018

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

2017

2018

Percent Change

2017

2018

Percent Change

Key Metrics

2017

2018

Percent Change

2017

2018

Percent Change

New Listings

63

88

+ 39.7%

1,118

1,075

- 3.8%

New Listings

104

77

- 26.0%

1,497

1,424

- 4.9%

Closed Sales

70

50

- 28.6%

778

751

- 3.5%

Closed Sales

89

64

- 28.1%

972

890

- 8.4%

Median Sales Price*

$539,250

$579,480

+ 7.5%

$525,000

$569,271

+ 8.4%

Median Sales Price*

$494,000

$516,750

+ 4.6%

$482,763

$520,000

+ 7.7%

Average Sales Price*

$603,604

$758,347

+ 25.6%

$638,718

$676,684

+ 5.9%

Average Sales Price*

$541,879

$565,256

+ 4.3%

$527,994

$573,192

+ 8.6%

94.2%

93.6%

- 0.6%

95.3%

95.3%

0.0%

95.4%

95.0%

- 0.4%

96.8%

96.3%

- 0.5%

Days on Market Until Sale

59

58

- 1.7%

55

51

- 7.3%

Days on Market Until Sale

76

75

- 1.3%

76

74

- 2.6%

Inventory of Homes for Sale

260

248

- 4.6%

--

--

--

Inventory of Homes for Sale

438

396

- 9.6%

--

--

--

Percent of Original List Price Received*

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

2017

2018

Percent Change

2017

2018

Percent Change

Key Metrics

2017

2018

Percent Change

2017

2018

Percent Change

New Listings

17

29

+ 70.6%

426

440

+ 3.3%

New Listings

31

28

- 9.7%

405

456

+ 12.6%

Closed Sales

24

25

+ 4.2%

404

328

- 18.8%

Closed Sales

19

26

+ 36.8%

321

331

+ 3.1%

Median Sales Price*

$221,000

$255,000

+ 15.4%

$232,250

$242,500

+ 4.4%

Median Sales Price*

$323,000

$368,428

+ 14.1%

$308,000

$317,630

+ 3.1%

Average Sales Price*

$291,499

$517,186

+ 77.4%

$343,375

$341,853

- 0.4%

Average Sales Price*

$298,708

$324,341

+ 8.6%

$299,285

$300,731

+ 0.5%

95.4%

96.3%

+ 0.9%

96.3%

96.7%

+ 0.4%

Percent of Original List Price Received*

96.9%

95.7%

- 1.2%

97.3%

97.4%

+ 0.1%

Days on Market Until Sale

41

97

+ 136.6%

53

48

- 9.4%

Days on Market Until Sale

47

63

+ 34.0%

45

49

+ 8.9%

Inventory of Homes for Sale

73

86

+ 17.8%

--

--

--

Inventory of Homes for Sale

79

94

+ 19.0%

--

--

--

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 $600,000

* 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 $500,000

$500,000

$300,000

$400,000

$250,000

$300,000

$200,000

$200,000

$150,000

$220,000 $400,000

$200,000 $180,000

$300,000

$160,000 $200,000 $140,000 $100,000 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

$120,000 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

Current as of December 7, 2018. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2018 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

$100,000 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

Current as of December 7, 2018. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2018 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

Local Market Update – November 2018

Local Market Update – November 2018

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

2017

2018

Percent Change

2017

2018

Percent Change

Key Metrics

2017

2018

Percent Change

2017

2018

Percent Change

New Listings

12

21

+ 75.0%

259

275

+ 6.2%

New Listings

7

7

0.0%

78

87

+ 11.5%

Closed Sales

11

6

- 45.5%

180

168

- 6.7%

Closed Sales

2

5

+ 150.0%

50

59

+ 18.0%

Median Sales Price*

$1,550,000

$995,000

- 35.8%

$842,000

$927,500

+ 10.2%

Median Sales Price*

$2,907,500

$2,770,000

- 4.7%

$1,700,000

$2,050,000

+ 20.6%

Average Sales Price*

$1,879,054

$1,194,167

- 36.4%

$1,110,247

$1,253,768

+ 12.9%

Average Sales Price*

$2,907,500

$2,379,000

- 18.2%

$2,062,765

$2,198,807

+ 6.6%

91.0%

91.7%

+ 0.8%

92.0%

91.9%

- 0.1%

Percent of Original List Price Received*

95.8%

90.3%

- 5.7%

90.7%

93.4%

+ 3.0%

Days on Market Until Sale

112

54

- 51.8%

128

114

- 10.9%

Days on Market Until Sale

88

81

- 8.0%

140

81

- 42.1%

Inventory of Homes for Sale

133

129

- 3.0%

--

--

--

Inventory of Homes for Sale

28

21

- 25.0%

--

--

--

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

November

Year to Date

November

Year to Date

Key Metrics

2017

2018

Percent Change

2017

2018

Percent Change

Key Metrics

2017

2018

Percent Change

2017

2018

Percent Change

New Listings

14

7

- 50.0%

127

121

- 4.7%

New Listings

0

0

--

2

6

+ 200.0%

Closed Sales

6

6

0.0%

86

88

+ 2.3%

Closed Sales

0

0

--

3

2

- 33.3%

Median Sales Price*

$519,500

$737,500

+ 42.0%

$512,500

$582,500

+ 13.7%

Median Sales Price*

$0

$0

--

$512,500

$487,500

- 4.9%

Average Sales Price*

$504,167

$725,833

+ 44.0%

$535,824

$599,542

+ 11.9%

Average Sales Price*

$0

$0

--

$475,500

$487,500

+ 2.5%

96.1%

90.7%

- 5.6%

94.2%

94.0%

- 0.2%

Percent of Original List Price Received*

0.0%

0.0%

--

90.4%

97.5%

+ 7.9%

Days on Market Until Sale

129

220

+ 70.5%

154

103

- 33.1%

Days on Market Until Sale

0

0

--

216

13

- 94.0%

Inventory of Homes for Sale

64

67

+ 4.7%

--

--

--

Inventory of Homes for Sale

0

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 — Isle of Palms —

$1,500,000

$1,250,000

Townhouse-Condo Attached

Single-Family Detached All MLS — Isle of Palms —

$1,000,000

$800,000

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

$1,000,000 $600,000

$1,500,000

$400,000

$1,000,000

$200,000

$500,000

$750,000

$2,000,000

$500,000

$250,000

$0 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

$0 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

Current as of December 7, 2018. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2018 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$0 1-2008

$1,000,000

1-2010

1-2012

1-2014

1-2016

1-2018

$0 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

Current as of December 7, 2018. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2018 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

Local Market Update – November 2018

Local Market Update – November 2018

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

2017

2018

Percent Change

2017

2018

Percent Change

Key Metrics

2017

2018

Percent Change

2017

2018

Percent Change

New Listings

66

64

- 3.0%

939

878

- 6.5%

New Listings

133

105

- 21.1%

1,670

1,685

+ 0.9%

Closed Sales

57

47

- 17.5%

673

666

- 1.0%

Closed Sales

97

90

- 7.2%

1,289

1,265

- 1.9%

Median Sales Price*

$398,000

$363,000

- 8.8%

$359,900

$371,000

+ 3.1%

Median Sales Price*

$285,000

$299,500

+ 5.1%

$290,778

$309,000

+ 6.3%

Average Sales Price*

$441,285

$423,433

- 4.0%

$417,439

$435,489

+ 4.3%

Average Sales Price*

$298,770

$335,202

+ 12.2%

$314,938

$343,949

+ 9.2%

94.6%

97.2%

+ 2.7%

96.0%

96.9%

+ 0.9%

Percent of Original List Price Received*

96.8%

95.7%

- 1.1%

96.6%

96.5%

- 0.1%

Days on Market Until Sale

50

33

- 34.0%

43

39

- 9.3%

Days on Market Until Sale

42

39

- 7.1%

35

39

+ 11.4%

Inventory of Homes for Sale

182

189

+ 3.8%

--

--

--

Inventory of Homes for Sale

327

332

+ 1.5%

--

--

--

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

2017

2018

Percent Change

2017

2018

Percent Change

Key Metrics

2017

2018

Percent Change

2017

2018

Percent Change

New Listings

17

13

- 23.5%

249

233

- 6.4%

New Listings

38

24

- 36.8%

492

490

- 0.4%

Closed Sales

19

10

- 47.4%

214

189

- 11.7%

Closed Sales

35

26

- 25.7%

435

405

- 6.9%

Median Sales Price*

$199,500

$164,450

- 17.6%

$190,000

$195,000

+ 2.6%

Median Sales Price*

$199,000

$187,500

- 5.8%

$181,500

$185,000

+ 1.9%

Average Sales Price*

$215,539

$239,330

+ 11.0%

$195,513

$197,848

+ 1.2%

Average Sales Price*

$207,334

$172,140

- 17.0%

$183,666

$184,681

+ 0.6%

97.4%

96.4%

- 1.0%

96.7%

96.6%

- 0.1%

Percent of Original List Price Received*

97.0%

97.0%

0.0%

97.7%

97.4%

- 0.3%

Days on Market Until Sale

28

79

+ 182.1%

42

48

+ 14.3%

Days on Market Until Sale

35

25

- 28.6%

34

37

+ 8.8%

Inventory of Homes for Sale

53

49

- 7.5%

--

--

--

Inventory of Homes for Sale

71

87

+ 22.5%

--

--

--

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 —

$400,000

$220,000

All MLS — West Ashley Area —

$320,000

All MLS — West Ashley Area —

$220,000

$300,000

$200,000

$350,000

Townhouse-Condo Attached

Single-Family Detached All MLS — James Island —

Rolling 12-Month Calculation

$200,000 $280,000

$180,000 $300,000

$180,000

$260,000 $160,000 $240,000

$250,000 $140,000 $200,000

$150,000 1-2008

$120,000

1-2010

1-2012

1-2014

1-2016

1-2018

$100,000 1-2008

$160,000

$220,000 $140,000

$200,000

1-2010

1-2012

1-2014

1-2016

1-2018

Current as of December 7, 2018. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2018 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$180,000 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

$120,000 1-2008

1-2010

1-2012

1-2014

1-2016

1-2018

Current as of December 7, 2018. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®.

Report © 2018 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

132 East Bay Street, Charleston, SC 29401 69 Morris Street, Charleston, SC 29403 309 Coleman Boulevard, Mount Pleasant, SC 29464

843.628.0008 | TheCassinaGroup.com

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