Kiawah Island Property Report A
K I A W A H
I S L A N D
2020 Results in Review
R E A L
|
E S T A T E
kiawahisland.com
P U B L I C A T I O N
|
843.396.1522
YEAR-END ISLAND-WIDE SALES RESULTS FOR 2020 total Island-wide dollar volume in millions
properties sold
656
2 02 0
=
$807.3M
2 019
=
$300.4M
2 01 8
=
$376.0M
average sales price single-family home
2 017
=
$3 2 1 . 1M
2 016
=
$312.2M
(+33% from 2019)
2 01 5
=
$362.3M
average sales price homesite
2 014
=
$31 1 . 3 M
$685k
2 013
=
$318.8M
(+12% from 2019)
2 01 2
=
$293.7M
average sales price villa & cottage
2 011
=
$214.7M
2 01 0
=
$303.4M
(+8% from 2019)
2 0 09
=
$194.0M
dollar volume
$807M
(169% from 2019)
$2M
2 0 2 0
AT
A
G L A N C E
(+106% from 2019)
$603k
HI STOR I C AL
O B S E R V AT I O N S :
• Kiawah Island as a whole saw the greatest sales volume in
the history of the Island generating $807M in closings across 656 transactions in 2020. This represents a 169% increase in year-over -year (YOY) volume and a 106% YOY increase in transactions.
•
Accounting for 69% of the total sales volume, single-family home (SFH) transactions more than doubled YOY and nearly quadrupled in volume. This was the most SFH transactions ever recorded on Kiawah Island in one calendar year.
• Homesite sales also soared, with a 131% increase in
transactions and a 159% increase in volume YOY. It was the highest grossing year for homesites in 15 years. Sales of homesites priced under one million more than doubled, between $1M and $2M quadrupled, and greater than $2M nearly tripled.
• With inventory at the lowest ever recorded closing out the
year (203 properties), the Island has become a seller’s market. Because of that, we saw average sales prices increase by 27% and median prices increase by 20% YOY.
I SL AN D -W I DE
CLOS I N G
AC T I V I T Y
800
$800M
700
$700M 656
600
$600M
500
$500M
400
$400M
300
291
200 100
2007
235 184
178
2008
2009
2010
266
276
275
287
2012
2013
2014
2015
278
292
321
318
$300M $200M
203 2011
2016
2017
2018
2019
2020
ISLAND-WIDE CLOSINGS Q4 (OCTOBER 1 THROUGH DECEMBER 31) 61
28
51
63
46
79
74
80
68
71
87
119
84
251
Data was accumulated from property waivers submitted to Kiawah Partners and supplemented by other reliable sources including Charleston County property tax records.
$100M