Kiawah Island Property Report
Island-wide Sales Results Through Q3 2024
total properties closed 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)
*Excludes Timbers *Includes The Cape Sales
• In the first three quarters of 2024, Kiawah Island had 354 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 singlefamily 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.
HISTORICAL ISLAND-WIDE CLOSING ACTIVITY
JANUARY 1ST - SEPTEMBER 30TH