Q4 2020 Kiawah Island Property Report

Page 1

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


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Q4 2020 Kiawah Island Property Report by Kiawah Island - Issuu