Kiawah Island Property Report A
K I A W A H
I S L A N D
R E A L
2020 Third Quarter Results
|
E S T A T E
kiawahisland.com
P U B L I C A T I O N
|
843.396.1522
FIRST THREE QUAR TERS AT A GL ANCE
ISLAND-WIDE SALES RESULTS THROUGH Q3 2020 total Island-wide inventory
K E Y
• The third quarter of 2020 was the strongest quarter of sales in
(end of Q3 each year)
total properties closed
404
O B S E R V AT I O N S :
Kiawah’s 44-year history. Due much in part to the 259 closings
2020
=
260
2 019
=
449
2 01 8
=
489
2 017
=
5 37
actions and an average of more than 1.5 closings per day.
single-family home volume
2 016
=
538
sales prices rising across all property types resulted in a
+135%
2 01 5
=
533
2 014
=
535
average single-family home sales price
2 013
=
549
$1.82M
2 01 2
=
578
(+26% from Q3 2019)
2 011
=
587
Kiawah’s already remarkably low inventory (370 properties at
2 01 0
=
630
at the close of Q3, the lowest on record.
total dollar volume
+116% (from Q3 2019)
(from Q3 2019)
I S L A N D -W I D E
totaling $314M of volume in the third quarter, Kiawah is also on track for its best year of sales in its history.
• There were 404 closings on Island through Q3 2020 which
represents a 73% year-over-year (YOY) increase in trans-
This increase in transactional volume combined with average historic 116% YOY increase in overall dollar volume.
• Through the first three quarters YOY sales volume has more
than doubled for single family homes and homesites while the Villa and Cottage sector saw a 79% increase in dollar volume.
• Island-wide contract activity increased again in the third
quarter jumping from 132 in Q2 to 284 in Q3. This caused
close of Q2), to drop even further to 260 available properties
C L O S I N G
A C T I V I T Y
JANUARY 1ST - SEPTEM BER 30TH 500 400
404
300 200
230
100 0
2007
156
127
2008
2009
172
157
2010
2011
187
2012
200
195
2013
2014
234
219
207
200
201
2015
2016
2017
2018
2019
2020
72
259
ISLAND-WIDE CLOSINGS Q3 (JULY 1 THROUGH SEPTEMBER 30) 75
56
51
72
56
61
75
68
90
77
62
54
Data was accumulated from property waivers submitted to Kiawah Partners and supplemented by other reliable sources including Charleston County property tax records.