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Sunday, September 22, 2024

Kiawah Island home prices fall in June 2020

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The median sale price of a home sold in June 2020 in Kiawah Island fell by $172,500 while total sales increased by 16.7%, according to BlockShopper.com.

In June 2020, there were 21 homes sold, with a median sale price of $700,000 - a 19.8% decrease over the $872,500 median sale price for the same period of the previous year. There were 18 homes sold in Kiawah Island in June 2019.

The median sales tax in Kiawah Island for the most recent year with available data, 2019, was $9,591, approximately 1.4% of the median home sale price for June 2020.

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

CityJune 2020 Home SalesJune 2019 Home Sales% change (Total Home Sales)June 2020 Median Sales PriceJune 2019 Median Sales Price% change (Median Sales Price)
Isle of Palms2831-9.7%$722,500$880,000-17.9%
Kiawah Island211816.7%$700,000$872,500-19.8%
Folly Beach1013-23.1%$694,000$720,000-3.6%
Sullivan's Island14-75%$542,230$1,787,500-69.7%
Mount Pleasant171269-36.4%$406,000$455,000-10.8%
Ashley Forest23-33.3%$383,000$295,00029.8%
Awendaw20-$377,500$0-
Drayton40-$372,000$0-
Meggett25-60%$367,500$715,000-48.6%
Laurel Park10-$343,500$0-
James Island1929-34.5%$338,000$320,0005.6%

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