Kiawah Island Property Report A
K I A W A H
I S L A N D
R E A L
January - September 2024 Results
|
E S T A T E
P U B L I C A T I O N
kiawahisland.com
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843.396.1522
FIR ST THREE QUAR TER S AT A GL ANCE
Island-wide Sales Results Through Q3 2024 total properties closed
354*
total Island-wide inventory*
K E Y
(end of Q3 each year)
• In the first three quarters of 2024, Kiawah Island had 354
total dollar volume
$859M*
(+51% from Q3 2023
single-family home median price
$3.0M
(-2% from Q3 2023)
homesite median price
$650K
(-20% from Q3 2023)
villa & cottage median price
$1.7M*
(+143% from Q3 2023) *Includes The Cape Sales
2024
=
126
2023
=
123
2022
=
102
2021
=
84
2020
=
260
2 019
=
449
2 01 8
=
489
2 017
=
5 37
2 016
=
538
2 01 5
=
533
2 014
=
535
O B S E R V AT I O N S :
closings for a total of $859M in sales volume, signifying a 51% increase year-over-year (YOY) in dollar volume and a 34% increase YOY in total properties sold including sales at The Cape.
• Of the 4,797 total units on the Island, only 2.3% of single-
family homes, 5.5% of homesites, and 2.3% of villas and cottages are listed and available for purchase, confirming the Island’s low inventory and continued seller’s market.
• Despite increased mortgage rates and HOA/regime fees
(insurance), along with a 143% YOY increase in median villa and cottage prices, the demand for villas and cottages remains strong. There has been a 94% YOY increase in the number of villas and cottages closed, and a 397% YOY increase in sales volume including The Cape. Excluding The Cape sales, there has been a YOY sales volume increase of 72%.
• Median prices have continued to stabilize for singlefamily homes and decrease for homesites. The current median price for single-family homes is $3M, down 2% YOY, and the median price for homesites is $650,000, down 20% YOY.
*Excludes Timbers
HISTORICAL ISL AND-WI DE CLOSING ACTIVIT Y JANUARY 1ST - SEPTEM BER 30TH $900M $859
$800M
$500M $400M $300M
VOLUME IN MILLIONS
$600M
$742 $608
$571
$475
$279
$200M $100M
Number of Transactions
$700M
$160 2011
$202
$218
$211
2012
2013
2014
2015
$233
$235
2016
2017
$255
2018
$220
2019
700 600 500 400 300 200 100
2020
2021
2022
2023
2024
Data accumulated from property waivers submitted to Kiawah Partners & supplemented by other reliable sources including Charleston County property tax records.
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