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