Kiawah Island Real Estate

Luxury Real Estate Isn’t Surviving—It’s Thriving

Luxury Real Estate Isn’t Surviving—It’s Thriving

September 9, 2015

Categories: Press, Real Estate

Kiawah Island Property ReportThe second quarter of 2015 saw a luxury real estate boom, with sales of homes priced $1 million or more up by 14% and homes priced $5 million plus jumping a full 20% over sales in the same quarter last year, according to the CNBC Luxury Real Estate Report.

Most impressively, these boosts were attained following record numbers in 2014. Of course, not all luxury real estate markets kept pace with the trend. Let’s take a deeper look at one that exceeded it.

Coveted Location

Kiawah was voted by the readers of Condé Nast Traveler as the #2 island in the world and is situated a mere 21 miles from Charleston, South Carolina—the city ranked #1 in the nation in the same survey.

2015 Sales

Single family home sales increased 23% in the first half, easily outpacing the strong sales recorded in the first half of 2014. But the segment with the most impressive rate of sales growth was in homes priced $2 million or more. They leaped 38% in the first half of the year, as reported in the 2015 First Half Report. (View previous reports.)

Current Inventory

As of the published date of this blog post, Kiawah Island Real Estate currently offers 221 property listings of single family homes, villas, cottages and building sites priced $1 million plus. This includes an exquisite 8-bedroom, 8-bath oceanfront estate with guesthouse listed for $24,000,000. If you’re looking to make the leap into the luxury real estate market, Kiawah’s master-planned community provides stable home values to protect your investment.