Kiawah Island Property Report A
K I A W A H
I S L A N D
R E A L
2022 Results in Review
|
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 2022 total properties closed
2 02 2
=
$742.0M
2 021
=
$1.04B
2 02 0
=
$807.3M
2 019
= $300.4M
2 01 8
= $376.0M
2 017
= $3 2 1 . 1M
2 016
=
$312.2M
2 01 5
=
$362.3M
2 014
= $31 1 . 3 M
villa & cottage median price
2 013
=
$318.8M
2 01 2
=
$293.7M
(+24% from 2021)
2 011
=
$214.7M
total dollar volume
$742M
single-family home median price
$2.7M
(+35% from 2021)
2 0 2 2
AT
A
G L A N C E
386
total Island-wide dollar volume in millions
homesite median price
$675k
(+50% from 2021)
$775k
HI STOR I C AL
O B S E R V AT I O N S : • Following two record-breaking years, Kiawah Island saw 386
closings in 2022 for a total of $742M in sales volume – making 2022 the 3rd best year in the history of the Island. While total transactions were down nearly 50% year-overyear (YOY) due to the Island experiencing a moderated sales pace, sales volume only dipped 29% due to both average and median prices increasing significantly across all property types.
• The average and median sales prices for single-family homes
have never been higher, increasing to $3.3M and $2.7M respectively. Unsurprisingly, the percentage of homes sold over $2.5M (58%) surpassed the percentage of homes sold between $1M – $2.5M (40%) for the first time in Island history.
• The distribution of sales across the various property types
remained relatively consistent with last year. Home sales accounted for 41% of total sales compared to 34% in 2021, while homesites accounted for 25% vs. 29% in 2021 and villas & cottages made up 34% of sales vs. 37% in 2021.
• At year-end there were 118 properties available for sale on
Kiawah, up from last year’s record low of 65, but still remains at just 2.4% of total Island inventory.
I SL AN D -W I DE
CLOS I N G
AC T I V I T Y
$1.00B
900
$1.04
$700M $600M $500M $400M $300M $200M $100M
VOLUME IN MILLIONS
$800M
$807 $742
$303 $214
$194 2009
2010
2011
$293
2012
$318
2013
$311
2014
$362
2015
$312
2016
$321
2017
$376 $300
2018
2019
2020
2021
2022
ISLAND-WIDE CLOSINGS Q4 (OCTOBER 1 THROUGH DECEMBER 31) 50
63
45
79
74
79
68
71
87
119
84
251
172
68
Data was accumulated from property waivers submitted to Kiawah Partners and supplemented by other reliable sources including Charleston County property tax records.
Number of Transactions
$900M
800 700 600 500 400 300 200 100 0