Kiawah Island Property Report A
K I A W A H
I S L A N D
R E A L
January - September 2021 Results
|
E S T A T E
P U B L I C A T I O N
kiawahisland.com
|
843.396.1522
ISLAND-WIDE SALES RESULTS THROUGH Q3 2021 FIR ST THREE QUAR TER S AT A GL ANCE
total properties closed
561
total Island-wide inventory* (end of Q3 each year)
K E Y
O B S E R V AT I O N S :
• Kiawah Island saw the most successful first three quarters in
Island history with 561 closed transactions for $741M to close
total dollar volume
2021
=
+56%
84
2020
=
260
transactions and a 56% increase in volume YOY, despite
2 019
449
sales in the Island’s 44-year history at the time.
single-family home median price
=
2 01 8
=
489
$1.9M
2 017
=
5 37
In addition, the Island saw a 133% increase in homesites sold
2 016
=
538
than $1M.
villa & cottage median price
2 01 5
=
533
$585K
2 014
=
535
homes (SFH) and 16 villas or cottages on the market. Because
2 013
=
549
role in overall sales, representing more than 25% of all
homesite median price
2 01 2
=
578
$395K
2 011
=
587
(from Q3 2020)
(+33% from Q3 2020)
(+11% from Q3 2020)
(+11% from Q3 2020)
*Excluding Timbers
out the third quarter of 2021. This is a 39% increase in Q3 2020 having been the strongest individual quarter of
• The significant growth in volume can be attributed to 73
single-family home sales YTD over $2.5M, a 97% increase YOY. over $1M, and a 108% increase in homesites sold less
• Inventory is the lowest in the Island’s history, with just 1.7% of
Island properties available for sale, and only 29 single-family
of that, we have seen homesites play a much more significant Island-wide sales and more than doubling YOY.
• Due to historically low inventory, we have seen median
prices jump across all property types: +33% for single-family homes; +11% for villas and cottages; +11% for homesites.
HISTORICAL ISL AND-WI DE CLOSING ACTIVIT Y JANUARY 1ST - SEPTEM BER 30TH
600
561
$600M
500 400
$500M
404
300
$400M
200 100 0
$700M
156
127
2008
2009
172
157
2010
2011
187
200
195
219
207
200
201
234
$300M $200M
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Data accumulated from property waivers submitted to Kiawah Partners & supplemented by other reliable sources including Charleston County property tax records.
$100M