Kiawah Island Property Report A
K I A W A H
I S L A N D
R E A L
|
2019 Third Quarter Results
E S T A T E
P U B L I C A T I O N
|
kiawahisland.com
8 0 0 . 2 7 7. 7 0 0 8
FIRST THREE QUAR TERS AT A GL ANCE
ISLAND-WIDE SALES RESULTS THROUGH Q3 2019 total properties sold
234
total Island-wide inventory
=
number of transactions
449
2 01 8
=
489
+16%
2 017
=
5 37
2 016
=
538
O B S E R V AT I O N S :
• Inventory is the lowest on Island closing out the third quarter
(end of Q3 each year)
2 019
(from Q3 2018)
K E Y
since 2008. Currently sitting at 11% (8% lower than this time last year), demand in the Island for the third quarter is the strongest it has been in more than a decade with a current sales trend pointing to increased sales for properties hovering below $2.5M.
• Kiawah saw a 16% increase in closed transactions year-over-year
and the most transactions in 12 years ending Q3.
• While closed transactions increased, overall closed dollar
average single-family home sales price
2 01 5
=
533
$1.44M
2 014
=
(-27% from Q3 2018)
535
2 013
=
549
2 01 2
=
578
homebuyers are practicing caution in the ultra-high-end
$1.22M
2 011
=
587
2 01 0
=
• For the first time since 2016, villas and cottages (V&C) made up
(-15% from Q3 2018)
630
the majority of Island-wide sales closing out Q3, jumping from
2009
=
60 1
Single-family homes made up 42% of sales and homesites 15%.
median single-family home sales price
F A C T S
volume decreased 13% as the number of homes sold above $2.5M decreased 74%, while the number of homes sold between $1M and $2.5M increased more than 50%.
• This is the first drop in overall dollar volume through the third
quarter since 2016, suggesting that while sales are strong,
market until the future economic picture becomes clearer.
37% of all transactions to 43% year-over-year (including Timbers).
&
F I G U R E S
THIS PROPERT Y REPORT REPRESENTS ALL SALES ISL AND-WIDE.
LL
E M
&
CO
T TAG E S
E - F A M I LY
HO
20% (92)
S
GL
*Excluding Timbers
A
N SI
MESITES
449 * ACTIVE LISTINGS AT END OF Q3 2019
34% (151)
VI
17
46% (206)
highest priced homesite sold in Q3
O
HO
properties sold in Cassique
EL
D
217
S
E
properties sold on Kiawah Island
EV
P
KIAWAH ISLAND AND CASSIQUE SALES
UND
$4.93M highest priced villa and cottage sold in Q3
$1.82M highest priced singlefamily home sold in Q3
$2.45M