Q1 2020 Real Estate Report

Page 1

Kiawah Island Property Report A

K I A W A H

I S L A N D

R E A L

|

2020 First Quarter Results

E S T A T E

P U B L I C A T I O N

|

kiawahisland.com

843.396.1522

The Island's Best First Quarter Since 2007

AT 2 0 2 0 Q 1

O B S E R V AT I O N S :

(end of Q1 each year)

total properties sold

2020

=

444

2 019

=

469

2 01 8

=

520

(from Q1 2019)

2 017

=

543

average single-family home sales price

2 016

=

569

2 01 5

=

551

(+45% from Q1 2019)

2 014

=

552

median single-family home sales price

2 013

=

551

2012

=

527

62 total dollar volume

+43%

A

G L A N C E

total Island-wide inventory

$2M

$1.67M

(+39% from Q1 2019)

Q 1

2 011

=

603

2 01 0

=

620

2 0 2 0

• The first quarter of 2020 was the strongest first quarter the

Island has seen in 13 years on a transactional and dollar volume basis.

• Volume was up nearly 13% over Q1 2018’s previous high and

a staggering 43% higher than Q1 2019. This was due in large part to a 250% increase in the number of homes sold over $2.5M year-over-year (YOY).

• Transactions on Kiawah were off to a racing start as Kiawah

Island Real Estate alone closed 19 deals for $28.7M through

the end of February 2020 compared to 10 deals for $11.7M during Q1 2019; an increase of 90% in units and 145% in volume.

• Each property category saw an equal or greater number of

transactions and volume YOY.

• For-sale inventory is at its lowest point in more than 13 years,

with 444 total Island-wide properties available for sale. This is approximately 10% of all Island inventory, the sign of a very healthy market.

F A C T S

&

F I G U R E S

THIS PROPERT Y REPORT REPRESENTS ALL SALES ISL AND-WIDE.

*Excluding Timbers

LY LE-FAMI

SI

NG

35% (154)

V

IL

LA

COT TAG E S S &

2

22% (98)

HOMESITES

43% (192)

444 * ACTIVE LISTINGS AT END OF Q1 2020

$4.9M

D

properties sold on Cassique

highest homesite sold

E

H

O

V

PE

60

E

DE

O

properties sold on Kiawah Island

M

S

L

KIAWAH ISLAND AND CASSIQUE SALES

UN

highest villa and cottage sold

$2M highest single-family home sold

$4.8M


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