Kiawah Island Property Report A
K I A W A H
I S L A N D
R E A L
January - June 2022 Results
|
E S T A T E
kiawahisland.com
P U B L I C A T I O N
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843.396.1522
total properties closed
total Island-wide available inventory
247
(35% change from first half 2021)
=
102
2021
=
121
2020
=
370
median single-family home sales price
2 019
=
491
$2.75M
2 01 8
=
524
2 017
=
57 1
2 016
=
584
$763K
2 01 5
=
553
(+30% from first half 2021)
2 014
=
561
median homesite sales price
2 013
=
576
2 01 2
=
562
2 011
=
626
$466M
(0% change from first half 2021)
(+45% from first half 2021)
H A L F
median villa & cottage sales price
F I R S T
(end of Q2 each year)
2022
total dollar volume
20 2 2
AT A G L A N C E
Island-Wide Sales Results for First Half 2022
$650K
(+73% from first half 2021)
K E Y
O B S E R V AT I O N S
•
Kiawah Island saw 247 closings in the first half of 2022 totaling $466M in dollar volume despite a 35% decrease in transactions.
•
Average sales prices on the Island jumped 53% and median pricing was up 70% year-over-year (YOY), confirming the value and demand for Kiawah properties not only remains balanced, but continues to grow.
•
Increasing mortgage rates and record inflation played a role in the national slow down this quarter, and we believe that may very well continue through the remainder of the year. Despite that, Q2 2022 was the best second quarter in Island history with 134 closings for $284M. This is a 9% increase in dollar volume from Q2 2021, which was the previous all-time high.
•
Single family homes made up 40% of all transactions in the first half of the year. There was a 22% decrease in the sale of SFH’s YOY due to record low inventory. Home sales priced below $1M dropped 77%, homes priced between $1-2.5M dropped 43%, but homes priced above $2.5M increased by 27%.
HISTORICAL ISL AND-WIDE FIRST HALF CLOSING ACTIVITY
$450M
$466
$466
$400M
$300M $250M $200M $150M $100M $50M $0
400
VOLUME IN MILLIONS
$350M
450
350 300 250
$178
$171 $136 $91
2009
$106
$125
$146
$159
$149
$126
200
$190
150
$161
100 50
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
0
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.