The Kiawah Island Property Report is a comprehensive statistical and real estate data analysis incorporating all closed real estate transactions on Kiawah Island. The current edition of this quarterly analysis encompasses the 1st quarter of 2015 sales data, which was accumulated via the waivers submitted to Kiawah Partners and validated through other data sources.
Following up on an impressive 2014 (please see the 2014 Kiawah Island Property Report here), property sales on Kiawah Island showed strong year-over-year growth in the first quarter across most product types. Sales of homes were particularly strong, with the average sales price up 17% over the results seen in the first quarter of 2014, and an increase in sales volume of over 40%. Fewer lots closed in the first quarter of this year versus the first quarter of last year, but sales volume was up 16% and the average sales price was up 80% (more information can be found on the chart on page 1 of the First Quarter report). While the median sales price was up 8% over the first quarter of last year in cottage + villa segment of the market, sales were down 18% both in terms of unit sales and dollar volume. The major reason behind this lack of sales volume is the depletion of inventory in the cottage + villa market, which was 10 percent lower at the beginning of 2015 than it was at the beginning of 2014 (154 on the market vs. 172 last year).
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