Kiawah Island Property Report A
K I A W A H
I S L A N D
R E A L
2020 First Half Results
|
E S T A T E
kiawahisland.com
P U B L I C A T I O N
|
843.396.1522
total Island-wide inventory total properties closed
K E Y
2020
=
370
total dollar volume
2 019
=
+1%
491
2 01 8
=
524
(from first half 2019)
2 017
=
average single-family home sales price
57 1
2 016
=
584
$1.70M
2 01 5
=
553
2 014
=
561
2 013
=
576
$1.33M
2 01 2
=
562
(+3% from first half 2019)
2 011
=
626
2 01 0
=
648
(+12% from first half 2019)
median single-family home sales price
I S L A N D -W I D E
O B S E R V AT I O N S :
• 132 properties were put under contract Island-wide in the
(end of Q2 each year)
145
F I R S T
H A L F
2 0 2 0
AT A G L A N C E
Island-Wide Sales Results for First Half 2020 second quarter of this year, which represents the most second quarter activity the Island has seen in more than 13 years.
• Of the 132 properties put under contract in the second
quarter, 76 of those were executed just in the month of June which represents a 270% increase over June of 2019.
• The statistical data reflected in this report is based on data
from properties that closed in Q2. Because closings take place anywhere from 30-90 days after a property goes under contract, the majority of contracts in Q2 will close in Q3 as the closings in Q2 were from contracts executed in March and April of this year, when the pandemic had shut the economy down.
• With the surge of contract activity, the Island is seeing its
lowest Q2 inventory in more than 13 years. With 370 properties available for sale, the inventory is below 9%.
C O N T R A C T
A C T I V I T Y
APRIL 1ST - JUNE 30TH 150 132
125 100 75
93
83
80 64
62
2007
2008
2009
30
22
50
83
80
90
92
2015
2016
96
99
2018
2019
2020
28
76
82
63
25 0
2010
2011
2012
2013
2014
2017
ISLAND-WIDE CONTRACTS FROM JUNE 1 THROUGH JUNE 30 23
19
29
36
23
24
28
31
25
23
Data was accumulated from property waivers submitted to Kiawah Partners and supplemented by other reliable sources including Charleston County property tax records.