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SEPTEMBER 2019

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 – September 2019

Local Market Update – September 2019

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 September

Single-Family Detached

Year to Date

September

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

32

42

+ 31.3%

304

365

+ 20.1%

New Listings

20

18

- 10.0%

211

214

+ 1.4%

Closed Sales

8

11

+ 37.5%

168

136

- 19.0%

Closed Sales

9

12

+ 33.3%

131

151

+ 15.3%

Median Sales Price*

$1,622,940

$1,138,236

- 29.9%

$991,500

$1,032,518

+ 4.1%

Median Sales Price*

$440,000

$430,000

- 2.3%

$507,000

$450,000

- 11.2%

Average Sales Price*

$1,702,035

$1,090,021

- 36.0%

$1,340,585

$1,378,935

+ 2.9%

Average Sales Price*

$461,667

$460,882

- 0.2%

$514,920

$478,188

- 7.1%

96.5%

90.3%

- 6.4%

91.9%

90.2%

- 1.8%

Percent of Original List Price Received*

92.4%

95.7%

+ 3.6%

93.7%

91.2%

- 2.7%

Days on Market Until Sale

42

58

+ 38.1%

90

87

- 3.3%

Days on Market Until Sale

35

52

+ 48.6%

52

65

+ 25.0%

Inventory of Homes for Sale

177

202

+ 14.1%

--

--

--

Inventory of Homes for Sale

83

73

- 12.0%

--

--

--

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

September

Year to Date

September

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

24

23

- 4.2%

328

322

- 1.8%

New Listings

2

4

+ 100.0%

44

30

- 31.8%

Closed Sales

9

7

- 22.2%

132

130

- 1.5%

Closed Sales

3

1

- 66.7%

23

16

- 30.4%

Median Sales Price*

$409,000

$915,000

+ 123.7%

$565,000

$607,500

+ 7.5%

Median Sales Price*

$270,000

$260,000

- 3.7%

$375,000

$274,175

- 26.9%

Average Sales Price*

$438,500

$941,857

+ 114.8%

$737,344

$738,602

+ 0.2%

Average Sales Price*

$295,000

$260,000

- 11.9%

$462,241

$345,866

- 25.2%

95.0%

87.5%

- 7.9%

94.4%

91.6%

- 3.0%

Percent of Original List Price Received*

98.7%

96.3%

- 2.4%

95.5%

92.5%

- 3.1%

Days on Market Until Sale

48

140

+ 191.7%

86

95

+ 10.5%

Days on Market Until Sale

4

9

+ 125.0%

40

97

+ 142.5%

Inventory of Homes for Sale

166

174

+ 4.8%

--

--

--

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

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

$200,000

$200,000

$200,000

$200,000 $0 1-2009

All MLS — Upper Charleston Peninsula —

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of October 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of October 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – September 2019

Local Market Update – September 2019

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 September

Single-Family Detached

Year to Date

September

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

71

61

- 14.1%

897

954

+ 6.4%

New Listings

119

104

- 12.6%

1,219

1,256

+ 3.0%

Closed Sales

58

54

- 6.9%

650

639

- 1.7%

Closed Sales

72

85

+ 18.1%

766

879

+ 14.8%

Median Sales Price*

$556,500

$544,000

- 2.2%

$569,900

$565,000

- 0.9%

Median Sales Price*

$512,000

$503,415

- 1.7%

$520,000

$513,000

- 1.3%

Average Sales Price*

$673,906

$608,663

- 9.7%

$672,402

$685,499

+ 1.9%

Average Sales Price*

$542,458

$556,077

+ 2.5%

$570,913

$568,775

- 0.4%

94.2%

93.7%

- 0.5%

95.4%

94.4%

- 1.0%

Percent of Original List Price Received*

95.6%

96.1%

+ 0.5%

96.4%

96.5%

+ 0.1%

Days on Market Until Sale

50

58

+ 16.0%

51

61

+ 19.6%

Days on Market Until Sale

73

88

+ 20.5%

75

72

- 4.0%

Inventory of Homes for Sale

259

276

+ 6.6%

--

--

--

Inventory of Homes for Sale

437

336

- 23.1%

--

--

--

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

September

Year to Date

September

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

33

22

- 33.3%

371

321

- 13.5%

New Listings

42

26

- 38.1%

388

361

- 7.0%

Closed Sales

19

23

+ 21.1%

281

256

- 8.9%

Closed Sales

39

23

- 41.0%

279

266

- 4.7%

Median Sales Price*

$231,000

$232,000

+ 0.4%

$240,000

$249,450

+ 3.9%

Median Sales Price*

$345,287

$280,000

- 18.9%

$309,500

$305,000

- 1.5%

Average Sales Price*

$347,153

$302,539

- 12.9%

$328,086

$347,488

+ 5.9%

Average Sales Price*

$339,077

$281,752

- 16.9%

$297,033

$295,234

- 0.6%

95.6%

94.4%

- 1.3%

96.8%

95.9%

- 0.9%

Percent of Original List Price Received*

98.3%

94.6%

- 3.8%

97.5%

96.3%

- 1.2%

Days on Market Until Sale

31

63

+ 103.2%

45

55

+ 22.2%

Days on Market Until Sale

49

65

+ 32.7%

49

61

+ 24.5%

Inventory of Homes for Sale

92

77

- 16.3%

--

--

--

Inventory of Homes for Sale

112

85

- 24.1%

--

--

--

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 $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 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$120,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of October 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of October 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – September 2019

Local Market Update – September 2019

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 September

Single-Family Detached

Year to Date

September

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

18

13

- 27.8%

221

246

+ 11.3%

New Listings

6

2

- 66.7%

72

53

- 26.4%

Closed Sales

11

17

+ 54.5%

146

143

- 2.1%

Closed Sales

3

4

+ 33.3%

52

37

- 28.8%

Median Sales Price*

$985,000

$1,045,000

+ 6.1%

$927,500

$1,062,500

+ 14.6%

Median Sales Price*

$2,050,000

$1,442,500

- 29.6%

$1,981,800

$1,950,000

- 1.6%

Average Sales Price*

$994,007

$1,468,700

+ 47.8%

$1,261,592

$1,427,347

+ 13.1%

Average Sales Price*

$1,859,750

$1,743,750

- 6.2%

$2,183,069

$2,233,997

+ 2.3%

91.5%

90.8%

- 0.8%

92.0%

91.7%

- 0.3%

Percent of Original List Price Received*

96.0%

85.9%

- 10.5%

94.0%

88.3%

- 6.1%

Days on Market Until Sale

177

129

- 27.1%

117

104

- 11.1%

Days on Market Until Sale

44

87

+ 97.7%

81

98

+ 21.0%

Inventory of Homes for Sale

119

140

+ 17.6%

--

--

--

Inventory of Homes for Sale

26

24

- 7.7%

--

--

--

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

September

Year to Date

September

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

9

9

0.0%

104

113

+ 8.7%

New Listings

0

0

--

6

2

- 66.7%

Closed Sales

7

11

+ 57.1%

75

66

- 12.0%

Closed Sales

0

0

--

2

3

+ 50.0%

Median Sales Price*

$639,000

$594,000

- 7.0%

$545,000

$487,000

- 10.6%

Median Sales Price*

$0

$0

--

$487,500

$1,735,000

+ 255.9%

Average Sales Price*

$760,143

$735,886

- 3.2%

$592,016

$562,876

- 4.9%

Average Sales Price*

$0

$0

--

$487,500

$1,397,500

+ 186.7%

93.6%

93.8%

+ 0.2%

94.2%

94.7%

+ 0.5%

Percent of Original List Price Received*

0.0%

0.0%

--

97.5%

96.5%

- 1.0%

Days on Market Until Sale

138

107

- 22.5%

96

103

+ 7.3%

Days on Market Until Sale

0

0

--

13

170

+ 1,207.7%

Inventory of Homes for Sale

62

80

+ 29.0%

--

--

--

Inventory of Homes for Sale

4

2

- 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

* 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

$1,000,000

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

$800,000 $600,000

$1,500,000

$400,000

$1,000,000

$200,000

$500,000

$600,000

$2,000,000

$400,000

$200,000

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of October 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$0 1-2009

$1,000,000

1-2011

1-2013

1-2015

1-2017

1-2019

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of October 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – September 2019

Local Market Update – September 2019

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 September

Single-Family Detached

Year to Date

September

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

53

77

+ 45.3%

740

813

+ 9.9%

New Listings

108

109

+ 0.9%

1,410

1,442

+ 2.3%

Closed Sales

51

62

+ 21.6%

559

561

+ 0.4%

Closed Sales

79

98

+ 24.1%

1,081

1,005

- 7.0%

Median Sales Price*

$398,900

$364,500

- 8.6%

$370,310

$360,000

- 2.8%

Median Sales Price*

$300,300

$324,944

+ 8.2%

$310,000

$317,000

+ 2.3%

Average Sales Price*

$466,016

$429,576

- 7.8%

$438,920

$443,123

+ 1.0%

Average Sales Price*

$338,822

$320,305

- 5.5%

$347,702

$342,486

- 1.5%

97.0%

96.0%

- 1.0%

97.1%

95.8%

- 1.3%

Percent of Original List Price Received*

95.5%

96.0%

+ 0.5%

96.7%

95.6%

- 1.1%

Days on Market Until Sale

31

46

+ 48.4%

38

49

+ 28.9%

Days on Market Until Sale

34

34

0.0%

37

47

+ 27.0%

Inventory of Homes for Sale

208

191

- 8.2%

--

--

--

Inventory of Homes for Sale

362

354

- 2.2%

--

--

--

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

September

Year to Date

September

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

20

16

- 20.0%

204

237

+ 16.2%

New Listings

47

45

- 4.3%

425

499

+ 17.4%

Closed Sales

7

24

+ 242.9%

161

198

+ 23.0%

Closed Sales

36

29

- 19.4%

354

384

+ 8.5%

Median Sales Price*

$220,000

$248,983

+ 13.2%

$198,000

$208,000

+ 5.1%

Median Sales Price*

$184,938

$209,000

+ 13.0%

$182,375

$210,000

+ 15.1%

Average Sales Price*

$194,643

$267,192

+ 37.3%

$197,341

$222,669

+ 12.8%

Average Sales Price*

$180,039

$214,269

+ 19.0%

$183,893

$210,820

+ 14.6%

98.5%

100.2%

+ 1.7%

96.7%

97.5%

+ 0.8%

Percent of Original List Price Received*

97.0%

95.8%

- 1.2%

97.5%

97.2%

- 0.3%

Days on Market Until Sale

10

16

+ 60.0%

45

38

- 15.6%

Days on Market Until Sale

27

49

+ 81.5%

37

43

+ 16.2%

Inventory of Homes for Sale

55

49

- 10.9%

--

--

--

Inventory of Homes for Sale

99

116

+ 17.2%

--

--

--

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 —

$400,000

$350,000

Townhouse-Condo Attached

Single-Family Detached All MLS — James Island —

$220,000

All MLS — West Ashley Area —

$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

$220,000

$200,000

$300,000

$180,000

$250,000

$160,000

$200,000

$150,000 1-2009

All MLS — West Ashley Area —

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of October 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$175,000 1-2009

$140,000

1-2011

1-2013

1-2015

1-2017

1-2019

$120,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of October 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 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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September 2019 Real Estate Report | Presented by The Cassina Group  

September 2019 Real Estate Report | Presented by The Cassina Group  

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