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Greetings from Kiawah!
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Kiawah Island Real Estate’s Q1 2024 Property Report is now available.
This quarter, Kiawah Island saw a slight increase in the number of transactions and a decrease in total dollar volume year-over-year (YOY). Inventory remains low at 148 available properties out of 4,895 total units on Kiawah, continuing the slow increase in the amount of inventory on the Island seen since the record low of 58 available properties at the end of Q1 2022.
The Highlights:
- 72 closings in the first quarter of 2024 totaling $124 million
- Inventory of available villas & cottages has nearly doubled since the end of Q1 2023 and there has been a 52% YOY increase in median prices
- Island-wide homesites that sold for less than $1M represented 90% of all homesite sales in Q1 2024, up from 50% last year
- Kiawah Island Real Estate handled $90M in closed transactions, representing 73% of the total Island-wide dollar volume
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