Q2 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

|

January - June 2021 Results

E S T A T E

kiawahisland.com

P U B L I C A T I O N

|

843.396.1522

Island-Wide Sales Results for First Half 2021 total Island-wide inventory

AT A G L A N C E

total properties closed

378

(end of Q2 each year)

2021

=

121

2020

=

370

2 019

=

491

2 01 8

=

524

2 017

=

57 1

2 016

=

584

median villa & cottage sales price

2 01 5

=

553

$585K

2 014

=

561

(+13% from first half 2020)

2 013

=

576

median homesite sales price

2 01 2

=

562

2 011

=

626

2 01 0

=

648

total dollar volume

$466M

(+189% from first half 2020)

median single-family home sales price

20 2 1

$1.9M

F I R S T

H A L F

(+42% from first half 2020)

$375K

(+25% from first half 2020)

K E Y

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

Following the most successful first quarter of sales in Kiawah Island's history, the Island recorded its best first half ever with $466M in closed sales across 378 total transactions. This represents a 189% increase in volume and a 161% increase in transactions year-over-year (YOY).

The second quarter of 2021 was also the strongest Q2 the Island has ever seen, with $261M in volume across 201 transactions - an increase of 200% and 145% YOY respectively.

Island-wide volume nearly tripled YOY due to a 340% increase in the number of homes closed over $2.5M, including the most expensive home ever sold in the Charleston area at $20.5M. Additionally, the number of homesites sold between $1M-2M increased by an unprecedented 1200%.

The record low inventory story from the last few quarters continues as we close out the first half of the year at a new historic low. Current Island-wide inventory across all property types is 121 which represents only 2.5% of the total number of properties on Kiawah Island. Over the last three years, we have seen inventory drop more than 76%.

HISTORICAL ISLAND-WIDE FIRST HALF CLOSING ACTIVITY 450

$500M

400

$450M 378

350

$400M

300

$350M

250

$300M

200

$250M

150 100

100

50 0

2008

76 2009

100

101

126

125

127

129

130

141

147

162

$200M

145

$150M $100M

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

$50M

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


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