Q4 2022 Property Report

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Kiawah Island Property Report

YEAR-END ISLAND-WIDE SALES RESULTS FOR 2022

total Island-wide dollar volume in millions

2022 = $742.0M

2021 = $1.04B

2020 = $807.3M 2019 =

=

2017 = $321.1M

2016 = $312.2M

2015 = $362.3M

2014 = $311.3M

2013 = $318.8M

2012 = $293.7M

2011 = $214.7M

OBSERVATIONS:

• 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.

total properties closed 386 total dollar volume $742M single-family home median price $2.7M (+35% from 2021) homesite median price $675k (+50% from 2021) villa & cottage median price $775k (+24% from 2021) 2022 AT A GLANCE
A KIAWAH ISLAND REAL ESTATE PUBLICATION 2022 Results in Review | kiawahisland.com | 843.396.1522
$376.0M
$300.4M 2018
HISTORICAL ISLAND-WIDE
ACTIVITY 2021 2022 2009 2010 $200M $100M $300M $400M $500M $600M $700M $800M $900M $1.00B VOLUME IN MILLIONS Number of Transactions 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 $300 $214 $362 $376 100 0 200 300 400 500 600 700 800 900 $303 $312 $311 $321 $194 $293 $318 $807 $742 $1.04 50 63 45 79 74 79 68 71 87 119 84 251 172 68 ISLAND-WIDE CLOSINGS Q4 ( OCTOBER 1 THROUGH DECEMBER 31 ) Data was accumulated from property waivers submitted to Kiawah Partners and supplemented by other reliable sources including Charleston County property tax records.
CLOSING

KIAWAH ISLAND CLOSINGS SNAPSHOT

2022 ISLAND-WIDE FACTS & FIGURES

Kiawah Island Property Report | 2022 Results in Review
% OF CHANGE Properties Closed Volume Median Price Average Price Properties Closed Volume Median Price Average Price Properties Closed Volume Median Price Average Price Properties Closed Volume Median Price Average Price ALL TRANSACTIONS VILLAS AND COTTAGES HOMES HOMESITES 2021 734 $1,038,063,000 $759,000 $1,414,000 269 $184,402,000 $625,000 $686,000 251 $686,600,000 $2,000,000 $2,735,000 214 $167,060,000 $451,000 $781,000 2022 386 $742,053,000 $1,225,000 $1,922,000 133 $128,017,000 $775,000 $963,000 158 $526,787,000 $2,700,000 $3,334,000 95 $87,249,000 $675,000 $918,000
dollar
-47% -29% +61% +36% -51% -31% +24% +40% -37% -23% +35% +22% -56% -48% +50% +18% 1.4% = 24 1.8% = 49 8.6% = 45 JUST 2.4% OF ISLAND-WIDE UNITS ARE LISTED AND AVAILABLE FOR PURCHASE3 24 n H O M E S ITES SINGLEF A M I L Y H O M E S 20%* (24) 38% (45) 42% (49) 118 ACTIVE LISTINGS AT END OF 2022 V & C *Excluding Timbers2 1 5 n 2 1 1 4 5 1n 35% (1,714) 11% (524) 54% (2,657) 4895 TOTAL UNITS ON KIAWAH ISLAND 8.6% 1.8% 1.4% SINGLEF A M I L Y H O M E S SALLIV & C O T T A G E S HOMESI T E S
All
figures have been rounded to the nearest thousand. Excludes Bulk Sales.

FOR- SALE ISLAND - WIDE INVENTORY COMPARISON

8 8 n1 HOMESITES SOLD = 95 8% 11% 81%
Results in Review 2 Bedroom = 43 $1M - $2.5M = 63 < $1M = 3 3 Bedroom = 54 4 Bedroom = 6 > $2.5M = 92 1 Bedroom = 30 5 43 n52 VILLAS & COTTAGES SOLD = 133 HOMES SOLD = 158 23% 40% 32% 2% 40% 58% ISLAND-WIDE 2022 SALES 5% Price In Millions 2018 2019 2020 $0.5 0 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 50 0 100 150 200 250 300 350 400 SINGLE-FAMILY HOMES Average Price (AP) vs. Median Price (MP) vs. Units Sold 2021 2022 SINGLEFAMILY HOMES SOLD AP MP Price In Thousands 2018 2019 2020 VILLAS & COTTAGES Average Price (AP) vs. Median Price (MP) vs. Units Sold 2021 2022 VILLAS & COTTAGES SOLD AP MP $500 $450 $550 $600 $650 $700 $750 $800 $850 $900 $950 Price In Thousands 2018 2019 2020 $400 $300 $500 $600 $700 $800 $900 $1.0M $1.1M $1.2M $1.3M $1.4M 20 0 40 60 80 100 120 140 160 180 200 220 HOMESITES Average Price (AP) vs. Median Price (MP) vs. Units Sold 2021 2022 UNDEVELOPED HOMESITES SOLD AP MP 2018 2019 2020 2021 2022 TOTAL UNITS SOLD TOTAL UNITS SOLD 100 200 300 400 500 600 700 800
TRANSACTION
Price In Millions $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 100 150 200 250 300 350 400 SINGLE-FAMILY HOMES Average Price (AP) vs. Median Price (MP) vs. Units Sold SINGLEFAMILY HOMES SOLD AP MP Price In Thousands 100 150 200 250 300 350 400 450 500 VILLAS & COTTAGES Average Price (AP) vs. Median Price (MP) vs. Units Sold VILLAS & COTTAGES SOLD AP MP $550 $600 $650 $700 $750 $800 $850 $900 $950 Price In Thousands 2018 2019 2020 $400 $300 $500 $600 $700 $800 $900 $1.0M $1.1M $1.2M $1.3M $1.4M 20 0 40 60 80 100 120 140 160 180 200 220 HOMESITES Average Price (AP) vs. Median Price (MP) vs. Units Sold 2021 2022 UNDEVELOPED HOMESITES SOLD AP MP 2018 2019 2020 2021 2022 TOTAL UNITS SOLD TOTAL UNITS SOLD 100 0 200 300 400 500 600 700 800 Price In Millions 2018 2019 2020 $0.5 0 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 50 0 100 150 200 250 300 350 400 SINGLE-FAMILY HOMES Average Price (AP) vs. Median Price (MP) vs. Units Sold 2021 2022 SINGLEFAMILY HOMES SOLD AP MP Price In Thousands 2018 2019 2020 50 0 100 150 200 250 300 350 400 450 500 VILLAS & COTTAGES Average Price (AP) vs. Median Price (MP) vs. Units Sold 2021 2022 VILLAS & COTTAGES SOLD AP MP $500 $450 $550 $600 $650 $700 $750 $800 $850 $900 $950 Price In Thousands 2018 2019 2020 $400 $300 $500 $600 $700 $800 $900 $1.0M $1.1M $1.2M $1.3M $1.4M 20 0 40 60 80 100 120 140 160 180 200 220 HOMESITES Average Price (AP) vs. Median Price (MP) vs. Units Sold 2021 2022 UNDEVELOPED HOMESITES SOLD AP MP 2018 2019 2020 2021 2022 TOTAL UNITS SOLD TOTAL UNITS SOLD 100 0 200 300 400 500 600 700 800 Price In Millions $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 100 150 200 250 300 350 400 SINGLE-FAMILY HOMES Average Price (AP) vs. Median Price (MP) vs. Units Sold SINGLEFAMILY HOMES SOLD AP MP Price In Thousands VILLAS & COTTAGES Average Price (AP) vs. Median Price (MP) vs. Units Sold VILLAS & COTTAGES SOLD AP MP $550 $600 $650 $700 $750 $800 $850 $900 $950 Price In Thousands 2018 2019 2020 $400 $300 $500 $600 $700 $800 $900 $1.0M $1.1M $1.2M $1.3M $1.4M 20 0 40 60 80 100 120 140 160 180 200 220 HOMESITES Average Price (AP) vs. Median Price (MP) vs. Units Sold 2021 2022 UNDEVELOPED HOMESITES SOLD AP MP 2018 2019 2020 2021 2022 TOTAL UNITS SOLD TOTAL UNITS SOLD 100 200 300 400 500 600 700 800 *Excluding Timbers. Rounded to the nearest million.
Kiawah Island Property Report | 2022
2022
TRENDS ON KIAWAH ISLAND
Through Year End 2017 - 2022 $696M $448M $71M $177M $635M $440M $55M $140M $633M $447M $55M $131M $390M $278M $16M $96M $207M $116M $40M $51M $320M $218M $44M $58M 503 193 112 198 447 188 94 165 435 191 86 158 203 77 24 102 65 30 12 23 118 49 24 45 TOTAL $ HOMES VILLAS & COTTAGES HOMESITES TOTAL # HOMES VILLAS & COTTAGES HOMESITES 2017 2018 2019 2020 2021 2022 $1M - $2M = 10 < $1M = 77 > $2M = 8

KIAWAH ISLAND REAL ESTATE SALES DATA President

3rd Most Successful Year in Company History

Even with the return to a more normalized sales pace in 2022, we are thrilled to report that Kiawah Island Real Estate (KIRE) experienced another remarkably strong year – our 3rd best in company history. Of the $742M closed Island-wide, KIRE was responsible for $530M representing 72% market share. Of the 158 closed single-family home transactions (the Island’s most sought after property type), KIRE was responsible for 114, or 72% market share.

Of our 258 transactions, 185 were from first-time buyers, proving our persistent focus and long-standing tradition of bringing new buyers eager to find their dream home on Kiawah. Additionally, 26% of all KIRE transactions were from new buyers introduced to us in 2022. While listed inventory has grown in the last year, we expect overall supply to remain at historically low levels in 2023 and our property values to continue to grow despite some challenging macroeconomic conditions.

2022 CLOSED TRANSACTIONS BY SELLING AGENCY

Data was accumulated from property waivers submitted to Kiawah Partners and supplemented by other reliable sources including Charleston County property tax records. 1 Kiawah Island Parkway Kiawah Island, SC 29455 | kiawahisland.com | 843.396.1522 Please email RealEstateInfo@Kiawah.com with any questions or to request clarification. Kiawah Island Property Report | 2022 Results in Review
YEAR PROPERTIES DOLLAR VOLUME 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 258 493 406 186 200 210 214 212 196 215 203 148 173 137 $530M $796M $568M $199M $260M $256M $263M $307M $248M $254M $245M $174M $251M $167M
KIAWAH ISLAND REAL ESTATE'S HISTORY OF CLOSING ACTIVITY
KIRE Property Type HOMES < $1.5M $1.5M - $2.5M > $2.5M Total Closed Transactions HOMESITES < $1M $1M - $2M > $2M VILLAS & COTTAGES * 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom+ 114 13 29 72 59 19 15 22 3 26 5 10 10 1 7 0 3 4 0 4 1 2 1 0 25 5 13 7 0 258 20 85 68 10 7 15 1 9 5 44 5 47 374 3 3 0 0 12 1 5 6 1 1 0 0 1 0 0 1 16 3 5 8 158 18 48 92 0 0 0 0 6 5 0 1 95 77 10 8 121 30 43 44 4 PHX CAR ADDL O/S TOTAL AE
Sales KIRE: Kiawah Island
Estate, AE: Akers Ellis,
Carolina One, ADDL O/S: Additional
*Excludes Timbers Kiawah
Real
PHX: Pam Harrington Exclusives, CAR:
Outside Sales
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