Kiawah Island Property Report A
K I A W A H
I S L A N D
2019 Results in Review
R E A L
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E S T A T E
P U B L I C A T I O N
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kiawahisland.com
8 0 0 . 2 7 7. 7 0 0 8
YEAR-END ISLAND-WIDE SALES RESULTS FOR 2019 properties sold
318
2 0 1 9
AT
A
G L A N C E
(-1% from 2018)
dollar volume
$300.4M (-20% from 2018)
total Island-wide dollar volume in millions 2 019
=
$300.4M
2 01 8
=
$376.0M
2 017
=
$3 2 1 . 1M
2 016
=
$312.2M
2 01 5
=
$362.3M
average sales price single-family home
2 014
=
$31 1 . 3 M
$1.5M
2 013
=
$318.8M
2 01 2
=
$293.7M
(-26% from 2018)
median sales price single-family home
$1.2M
(-20% from 2018)
2 011
=
$214.7M
2 01 0
=
$303.4M
2 0 09
=
$194.0M
2008
=
$301.7M
2 0 1 9
F A C T S
O B S E R V AT I O N S :
• Kiawah saw 318 sales transactions in 2019, virtually the same
number seen in 2018’s record year (320), which was the most transactions since 2007. Because 2018 was a banner year for sales transactions, essentially mirroring that in 2019 points to a strong market.
•
Aside from 2018, the number of transactions in 2019 is the most the Island has seen since 2007.
• Kiawah ended 2019 with $300 million in total Island-wide
closed sales volume, 20% less than 2018’s record number. This can be attributed to a 71% YOY drop in sales of houses priced above $2.5M, while the sale of homes priced between $1M and $2.5M grew YOY at 29%.
• The trend of decreasing ultra-high-end home sales has been
felt nationwide for some time now and was a consistent theme in each quarter of 2019 on the Island. Kiawah saw the fewest number of transactions above $2.5M since 2014. Similar markets like the Hamptons reported sales declines in seven of the eight price categories monitored, resulting in overall sales volume to drop by nearly 20%.*
*Source: Town and Country Real Estate
&
F I G U R E S
THIS PROPERT Y REPORT REPRESENTS ALL SALES ISL AND-WIDE.
LE-FAMIL
Y
H
*Excluding Timbers
SI
NG
36% (158)
V
IL
LA
C O T TA G E S S &
26
20% (86)
HOMESITES
44% (191)
435 * ACTIVE LISTINGS AT 2019 YEAR END
$4.9M
D
properties sold on Cassique
highest homesite sold
E
O
M
V
PE
292
DE
O
properties sold on Kiawah Island
E
S
L
KIAWAH ISLAND AND CASSIQUE SALES
UN
highest villa and cottage sold
$1.8M highest single-family home sold
$7.8M