Q1 2021 Property Report

Page 1

Kiawah Island Property Report A

K I A W A H

I S L A N D

R E A L

|

2021 First Quarter Results

E S T A T E

kiawahisland.com

P U B L I C A T I O N

|

843.396.1522

Record Breaking First Quarter On Kiawah properties sold

total Island-wide dollar

177

volume in millions (end of Q1 each year)

Q 1

2 0 2 1

AT

A

G L A N C E

(+181% from Q1 2020)

2 021

= $205M

2 02 0

=

$74M

2 019

=

$52M

2 01 8

=

$67M

2 017

=

$75 M

2 016

=

$49M

2 01 5

=

$52M

2 014

=

$4 1M

median sales price villa & cottage

2 013

=

$38M

2 01 2

=

$4 1M

(+10% from Q1 2020)

2 011

=

$42M

dollar volume

$205M

(+176% from Q1 2020)

median sales price single-family home

$2.0M

(+20% from Q1 2020)

median sales price homesite

$350K

(+21% from Q1 2020)

$569K

HI STOR I C AL

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

• Following the most successful year in the history of Kiawah Island,

the Island as a whole saw the best first quarter of sales in Island history, generating $205M in sales across 177 total transactions. This represents a 181% increase in transactions and 176% increase in volume over Q1 2020; and a 250% increase in transactions and 297% increase in volume over Q1 2019.

• Inventory on Island is the lowest ever recorded, with only 2.7%

of Island properties available for sale. Villa & cottage inventory is the most remarkably low, with only 13 properties available for sale across the Island (0.8% of total villa and cottage inventory), compared to 98 available this time last year.

• As single-family home inventory decreased, sales of homesites and

villa & cottages grew exponentially in Q1 2021. Homesite sales increased by 207% YOY and villa & cottage sales increased 243% YOY.

• In a typical quarter, single-family home (SFH) sales make up the

vast majority of transactions by far. That changed in Q1 2021. We saw other property types compete for more share than normal and villa & cottages were the most active property type. SFH made up 35% of transactions, villa & cottages 41%, and homesites 24%.

I SL AN D -W I DE

Q1

CLOS I N G

AC T I V I T Y $225M

200 175

177

$200M

150

$175M

125

$150M

100

$125M

75 50 25 0

37

2008

26 2009

31

35

2010

2011

47

2012

42

46

2013

2014

42

44

2015

2016

$100M

63

63 51

$75M

50

$50M 2017

2018

2019

2020

2021

Data was accumulated from property waivers submitted to Kiawah Partners and supplemented by other reliable sources including Charleston County property tax records.

$25M


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