2023 First Half Property Report & Press Release

2023 First Half Property Report & Press Release

July 10, 2023

Categories: Press

Kiawah Island Real Estate, the sole real estate brokerage — with offices on Kiawah Island and exclusively focused on Kiawah Island properties — has released the first half Island-wide sales for 2023, which saw 168 closings totaling $380M in dollar volume. While the Island continues to see a gradual inventory replenishment, it remains low, and median home and homesite prices have increased dramatically since the first half of pre-pandemic 2020. The median homesite price in the first half of 2023 was $849K, compared to $301K in the first half of 2020, which represents a staggering 182% increase in just three years. Median single-family home prices have also skyrocketed, with a $3.18M median price in the first half of 2023 — compared to a $1.33M median price in the first half of 2020 — reflecting an increase of 138%. In the first half of 2023, KIRE remained the undisputed market leader on Kiawah, executing 74% of total transactions Island-wide.

 

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KWH 2023 First Half Property Report Press Release