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.