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Tuesday, November 5, 2024

Kiawah Island home prices fall in February 2020

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The median sale price of a home sold in February 2020 in Kiawah Island fell by $716,500 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

In February 2020, there were three homes sold, with a median sale price of $482,500 - a 59.8% decrease over the $1,199,000 median sale price for the same period of the previous year. There were three homes sold in Kiawah Island in February 2019, as well.

The median sales tax in Kiawah Island for the most recent year with available data, 2019, was $9,591, approximately 2% of the median home sale price for February 2020.

The following table compares Kiawah Island to other Charleston County cities with similar median sales prices in February 2020:

CityFeb. 2020 Home SalesFeb. 2019 Home Sales% change (Total Home Sales)Feb. 2020 Median Sales PriceFeb. 2019 Median Sales Price% change (Median Sales Price)
Sullivan's Island34-25%$1,208,500$2,762,500-56.3%
Adams Run14-75%$745,000$230,650223%
Folly Beach818-55.6%$642,500$619,0003.8%
Isle of Palms1518-16.7%$634,000$659,750-3.9%
Ashley Forest12-50%$510,000$432,00018.1%
Kiawah Island330%$482,500$1,199,000-59.8%
Mount Pleasant130181-28.2%$415,000$385,0007.8%
Edisto Island15-80%$400,000$390,0002.6%
Hollywood512-58.3%$399,900$286,50039.6%
Ravenel31200%$386,000$112,000244.6%
Chesterfield10-$380,000$0-

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